Company: PAGP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001581990-25-000021
Chunk: 21

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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)Balance at December 31, 2024$(44)$(1,039)$— $(1,083)Reclassification adjustments2 — — 2 Unrealized gain on hedges6 — — 6 Currency translation adjustments— 183 — 183 Other— — 1 1 Total period activity8 183 1 192 Balance at June 30, 2025$(36)$(856)$1 $(891)

DerivativeInstrumentsTranslationAdjustmentsTotal (unaudited)Balance at December 31, 2023$(81)$(755)$(836)Reclassification adjustments5 — 5 Unrealized gain on hedges18 — 18 Currency translation adjustments— (127)(127)Total period activity23 (127)(104)Balance at June 30, 2024$(58)$(882)$(940)

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

5

PLAINS GP HOLDINGS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

 Six Months EndedJune 30, 20252024 (unaudited)CASH FLOWS FROM OPERATING ACTIVITIES  Net income$775 $653 Reconciliation of net income to net cash provided by operating activities:  Income from discontinued operations, net of tax(206)(42)Depreciation and amortization466 449 Losses on asset sales, net29 3 Deferred income tax expense40 20 (Gain)/loss on foreign currency revaluation4 (15)Settlement of terminated interest rate hedging instruments— 57 Equity earnings in unconsolidated entities(196)(201)Distributions on earnings from unconsolidated entities256 250 Gain on investments in unconsolidated entities, net (Note 12)(31)— Other32 38 Changes in assets and liabilities, net of acquisitions(140)(222)Cash provided by operating activities - continuing operations1,029 990 Cash provided by operating activities - discontinued operations301 80 Net cash provided by operating activities1,330 1,070 CASH FLOWS FROM INVESTING ACTIVITIES  Cash paid in connection with acquisitions, net of cash acquired(681)(111)Investments in unconsolidated entities