Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 286

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 286
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 1 118 Balance at December 31, 2023$(81)$(755)$— $(836)Reclassification adjustments8 — — 8 Unrealized gain on hedges29 — — 29 Currency translation adjustments— (284)— (284)2024 Activity37 (284)— (247)Balance at December 31, 2024$(44)$(1,039)$— $(1,083)

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

F-7

Table of ContentsIndex to Financial Statements

PLAINS GP HOLDINGS, L.P. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

Year Ended December 31,202420232022CASH FLOWS FROM OPERATING ACTIVITIESNet income$1,070 $1,425 $1,163 Reconciliation of net income to net cash provided by operating activities:Depreciation and amortization1,026 1,051 968 (Gains)/losses on asset sales, asset impairments and other, net (Note 6, Note 7)160 (152)269 Equity-indexed compensation expense52 51 41 Deferred income tax expense9 44 162 Gains on sales of linefill— (2)(35)(Gain)/loss on foreign currency revaluation(17)8 41 Settlement of terminated interest rate hedging instruments (Note 12)57 80 42 Change in fair value of Preferred Distribution Rate Reset Option (Note 12)— (58)189 Equity earnings in unconsolidated entities(452)(369)(403)Distributions on earnings from unconsolidated entities505 458 488 Gain on investments in unconsolidated entities, net (Note 7, Note 8)(15)(28)(346)Other17 20 16 Changes in assets and liabilities, net of acquisitions:Trade accounts receivable and other112 213 649 Inventory70 223 (10)Trade accounts payable and other(110)(242)(830)Net cash provided by operating activities2,484 2,722 2,404 CASH FLOWS FROM INVESTING ACTIVITIESCash paid in connection with acquisitions, net of cash acquired (Note 7)(248)(425)(149)Investments