Company: PAGP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001581990-25-000028
Chunk: 19

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 by operating activities - discontinued operations314 166 Net cash provided by operating activities2,147 1,758 CASH FLOWS FROM INVESTING ACTIVITIES  Cash paid in connection with acquisitions, net of cash acquired(865)(144)Investments in unconsolidated entities— (4)Additions to property, equipment and other(495)(342)Cash paid for purchases of linefill(17)(21)Proceeds from sales of assets27 6 Other investing activities— 3 Cash used in investing activities - continuing operations(1,350)(502)Cash used in investing activities - discontinued operations(151)(109)Net cash used in investing activities(1,501)(611)CASH FLOWS FROM FINANCING ACTIVITIES  Net repayments under PAA commercial paper program (Note 6)(393)(433)Proceeds from the issuance of PAA senior notes (Note 6)2,246 650 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)(225)(188)Distributions paid to noncontrolling interests (Note 7)(1,087)(980)Contributions from noncontrolling interests34 40 Other financing activities(61)(45)Net cash provided by/(used in) financing activities173 (956)Effect of translation adjustment - continuing operations13 (7)Effect of translation adjustment - discontinued operations— 4 Net increase in cash and cash equivalents and restricted cash832 188 Cash and cash equivalents and restricted cash, beginning of period349 453 Cash and cash equivalents and restricted cash, end of period$1,181 $641 Cash paid for: Interest, net of amounts capitalized$297 $239 Income taxes, net of amounts refunded$80 $236 

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 income198 1,081 1,