Company: PAGP
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001581990-25-000013
Chunk: 21

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 5)71 107 Proceeds from the issuance of PAA senior notes (Note 5)998 — Repurchase of Series A preferred units by a subsidiary (Note 6)(333)— Distributions paid to Class A shareholders (Note 6)(75)(63)Distributions paid to noncontrolling interests (Note 6)(388)(324)Contributions from noncontrolling interests4 12 Other financing activities(15)(4)Net cash provided by/(used in) financing activities262 (272)Effect of translation adjustment(1)(4)Net increase/(decrease) in cash and cash equivalents and restricted cash80 (119)Cash and cash equivalents and restricted cash, beginning of period349 453 Cash and cash equivalents and restricted cash, end of period$429 $334 Cash paid for: Interest, net of amounts capitalized$90 $64 Income taxes, net of amounts refunded$27 $86 

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 income84 408 492 Distributions (Note 6)(75)(381)(456)Other comprehensive income1 4 5 Repurchase of Series A preferred units by a subsidiary (Note 6)(12)(301)(313)Contributions from noncontrolling interests— 4 4 Other7 5 12 Balance at March 31, 2025$1,356 $12,704 $14,060 

Class A ShareholdersNoncontrolling InterestsTotal Partners’ Capital(unaudited)Balance at December 31, 2023$1,548 $13,424 $14,972 Net income42 294 336 Distributions(63)(323)(386)Other comprehensive loss(20)(51)(71)Contributions from noncontrolling interests— 12 12 Other11 4 15 Balance at March 31, 2024$1,518 $13,360 $14,878 

 The accompanying