Company: PAGP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001581990-25-000021
Chunk: 22

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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— (3)Additions to property, equipment and other(310)(233)Cash paid for purchases of linefill(17)(16)Proceeds from sales of assets21 4 Other investing activities— 2 Cash used in investing activities - continuing operations(987)(357)Cash used in investing activities - discontinued operations(106)(61)Net cash used in investing activities(1,093)(418)CASH FLOWS FROM FINANCING ACTIVITIES  Net borrowings/(repayments) under PAA commercial paper program (Note 6)69 (433)Proceeds from the issuance of PAA senior notes (Note 6)998 650 Repurchase of common units by a subsidiary(8)— Repurchase of Series A preferred units by a subsidiary (Note 7)(333)— Distributions paid to Class A shareholders (Note 7)(150)(125)Distributions paid to noncontrolling interests (Note 7)(731)(645)Contributions from noncontrolling interests29 24 Other financing activities(19)(14)Net cash used in financing activities(145)(543)Effect of translation adjustment - continuing operations8 (5)Effect of translation adjustment - discontinued operations11 (1)Net increase in cash and cash equivalents and restricted cash111 103 Cash and cash equivalents and restricted cash, beginning of period349 453 Cash and cash equivalents and restricted cash, end of period$460 $556 Cash paid for: Interest, net of amounts capitalized$216 $180 Income taxes, net of amounts refunded$48 $193 

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

6

PLAINS GP HOLDINGS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS’ CAPITAL

(in millions)

Class AShareholdersNoncontrollingInterestsTotal Partners’ Capital (unaudited)Balance at December 31, 2024$1,351 $12,965 $14,316 Net income114 661 775 Distributions (Note 7)(150)(724)(874)Other comprehensive income54 138 192 Repurchase of common units by a subsidiary (Note 7)1 (9)(8)Repurchase of Series A preferred units by a subsidiary (Note 7)(12)(301)(313)Contributions from noncontrolling