Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 285

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 285
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 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, 2021$(208)$(642)$(3)$(853)Reclassification adjustments7 — — 7 Unrealized gain on hedges94 — — 94 Currency translation adjustments— (204)— (204)Other— — 2 2 2022 Activity101 (204)2 (101)Balance at December 31, 2022$(107)$(846)$(1)$(954)Reclassification adjustments11 — — 11 Unrealized gain on hedges15 — — 15 Currency translation adjustments— 91 — 91 Other— — 1 1 2023 Activity26 91