Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 115

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 115
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1,026 1,051 968 (Gains)/losses on asset sales, asset impairments and other, net (Note 6, Note 7)160 (152)269 Total costs and expenses48,901 47,211 56,058 OPERATING INCOME1,172 1,501 1,284 OTHER INCOME/(EXPENSE)Equity earnings in unconsolidated entities452 369 403 Gain on investments in unconsolidated entities, net (Note 7, Note 8)15 28 346 Interest expense (net of capitalized interest of $9, $10 and $5, respectively)(382)(386)(405)Other income/(expense), net17 102 (219)INCOME BEFORE TAX1,274 1,614 1,409 Current income tax expense(195)(145)(84)Deferred income tax expense(9)(44)(162)NET INCOME1,070 1,425 1,163 Net income attributable to noncontrolling interests(967)(1,227)(995)NET INCOME ATTRIBUTABLE TO PAGP$103 $198 $168 Basic and diluted weighted average Class A shares outstanding197 195 194 Basic and diluted net income per Class A share$0.52 $1.01 $0.86 

The accompanying notes are an integral part of these consolidated financial statements.

F-6

Table of ContentsIndex to Financial Statements

PLAINS GP HOLDINGS, L.P. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions)

Year Ended December 31,202420232022Net income$1,070 $1,425 $1,163 Other comprehensive income/(loss)(247)118 (101)Comprehensive income823 1,543 1,062 Comprehensive income attributable to noncontrolling interests(789)(1,312)(922)Comprehensive income attributable to PAGP$34 $231 $140 

The accompanying notes are an integral part of these consolidated financial statements.

PLAINS GP HOLDINGS, L.P. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN ACCUMULATED

OTHER COMPREHENSIVE INCOME/(LOSS)

(in millions)

DerivativeInstrumentsTranslationAdjustmentsOtherTotalBalance at December 31,