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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 1,425 $ 1,163 $ 600
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 1,051 968 777
(Gains)/losses on asset sales and asset impairments, net (Note 6, Note 7) (152) 269 592
Equity-indexed compensation expense 51 41 24
Deferred income tax expense 44 162 62
Gains on sales of linefill (2) (35) 0
(Gain)/loss on foreign currency revaluation 8 41 (7)
Settlement of terminated interest rate hedging instruments 80 42  
Change in fair value of Preferred Distribution Rate Reset Option (Note 12) (58) 189 (14)
Equity earnings in unconsolidated entities (369) (403) (274)
Distributions on earnings from unconsolidated entities 458 488 431
(Gains)/losses on investments in unconsolidated entities, net (Note 7, Note 8) (28) (346) (2)
Other 20 16 29
Changes in assets and liabilities, net of acquisitions:      
Trade accounts receivable and other 213 649 (2,179)
Inventory 223 (10) (18)
Trade accounts payable and other (242) (830) 1,970
Net cash provided by operating activities 2,722 2,404 1,991
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid in connection with acquisitions, net of cash acquired (Note 7) (425) (149) (32)
Investments in unconsolidated entities (Note 8) (33) (14) (94)
Additions to property, equipment and other (559) (455) (336)
Cash paid for purchases of linefill (23) (84) (37)
Proceeds from sales of assets (Note 7) 328 60 881
Cash received from sales of linefill 9 72 3
Other investing activities 1 44 1
Net cash provided by/(used in) investing activities (702) (526) 386
CASH FLOWS FROM FINANCING ACTIVITIES      
Net borrowings/(repayments) under PAA commercial paper program (Note 10) 433   (545)
Net repayments under PAA senior secured hedged inventory facility (Note 10)     (167)
Repayment of PAA GO Zone term loans (Note 10)     (200)
Repayments of PAA senior notes (Note 10) (1,100) (750)  
Repurchase of common units by a subsidiary (Note 11)   (74) (178)
Distributions paid to Class A shareholders (Note 11) (209) (162) (140)
Distributions paid to noncontrolling interests (Note 11) (1,113) (918) (589)
Contributions from noncontrolling interests 106 26 1
Other financing activities (88) (49) (161)
Net cash used in financing activities (1,971) (1,927) (1,979)
Effect of translation adjustment   (3) (5)
Net increase/(decrease) in cash and cash equivalents and restricted cash 49 (52) 393
Cash and cash equivalents and restricted cash, beginning of period 404 456 63
Cash and cash equivalents and restricted cash, end of period 453 404 456
Cash paid for:      
Interest, net of amounts capitalized 377 393 401
Income taxes, net of amounts refunded $ 69 $ 112 $ 76