Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 329

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 329
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 of each quarter to common unitholders of record, including AAP. Available cash is generally defined as all of PAA’s cash and cash equivalents on hand at the end of each quarter, less reserves established in the discretion of its general partner for future requirements. PAA’s available cash also includes cash on hand resulting from borrowings made after the end of the quarter.

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Table of ContentsIndex to Financial StatementsPLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The following table details distributions paid by PAA to its common unitholders during the years presented (in millions, except per unit data):Distributions PaidDistributions perCommon UnitYearPublicAAPTotal2024$595 $296 $891 $1.2700 2023$492 $256 $748 $1.0700 2022$383 $201 $584 $0.8325 On January 7, 2025, PAA declared a cash distribution of $0.38 per unit on its outstanding common units. The total distribution of $267 million was paid on February 14, 2025 to unitholders of record at the close of business on January 31, 2025, for the period from October 1, 2024 through December 31, 2024. Of this amount, approximately $88 million was paid to AAP.AAP Distributions. AAP distributes all of the cash received from PAA distributions on a quarterly basis, less reserves established in the discretion of its general partner for future requirements. Generally, distributions are paid to its partners in proportion to their percentage interest in AAP. The following table details the distributions to AAP’s partners paid during the years presented from distributions received from PAA (in millions):Distributions to AAP’s PartnersYearNoncontrolling InterestsPAGPTotal Cash Distributions2024$45 $251 $296 2023$47 $209 $256 2022$39 $162 $201 On February 14, 2025, AAP distributed $88 million to its partners from distributions received from PAA. Of this amount, $13 million was distributed to noncontrolling interests and $75 million was distributed to us.Consolidated Joint Venture Distributions. Distributions from Cactus II and Red River are paid in proportion to each owner’s interest in the