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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 492 $ 336
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 262 254
Gain on asset sales, net (13)  
Deferred income tax expense/(benefit) 27 (25)
Equity earnings in unconsolidated entities (103) (95)
Distributions on earnings from unconsolidated entities 125 132
Gain on investments in unconsolidated entities, net (Note 11) (31)  
Other 19 8
Changes in assets and liabilities, net of acquisitions (140) (192)
Net cash provided by operating activities 638 418
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (624) (91)
Investments in unconsolidated entities   (3)
Additions to property, equipment and other (191) (157)
Cash paid for purchases of linefill (7) (13)
Proceeds from sales of assets 3 3
Net cash used in investing activities (819) (261)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings under PAA commercial paper program (Note 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 interests 4 12
Other financing activities (15) (4)
Net cash provided by/(used in) financing activities 262 (272)
Effect of translation adjustment (1) (4)
Net increase/(decrease) in cash and cash equivalents and restricted cash 80 (119)
Cash and cash equivalents and restricted cash, beginning of period 349 453
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