Plains All American Pipeline, L.P. (PAA) quarterly balance sheet — complete assets, liabilities & equity history
Plains All American Pipeline, L.P. (PAA) balance sheet — 29-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 6.54B | 6.16B | 4.73B | 5.58B | 4.69B | 4.74B | 4.8B | 5.17B | 5.39B | 5B | 4.91B | 5.33B | 4.66B | 5.12B | 5.36B | 5.57B | 6.66B | 8.1B | 6.14B | 4.87B |
| Cash & Short-Term Investments | 1.06B | 171M | 4.73B | 1.18B | 459M | 427M | 348M | 640M | 553M | 331M | 450M | 260M | 933M | 526M | 401M | 623M | 267M | 114M | 449M | 191M |
| Cash Only | 1.06B | 171M | 4.73B | 1.18B | 459M | 427M | 348M | 640M | 553M | 331M | 450M | 260M | 933M | 526M | 401M | 623M | 267M | 114M | 449M | 191M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.27B | 4.82B | 3.93B | 3.62B | 3.56B | 3.82B | 3.9B | 3.95B | 4.21B | 4.04B | 3.76B | 4.25B | 3.22B | 3.97B | 3.91B | 4.1B | 5.58B | 7.14B | 4.71B | 3.77B |
| Days Sales Outstanding | 25.94 | 31.79 | 32.87 | 28.55 | 31.56 | 28.93 | 29.13 | 29.46 | 29.42 | 29.59 | 29.03 | 28.48 | 28.19 | 28.72 | 28.44 | 31.07 | 35.37 | 38.91 | 30 | 32.71 |
| Inventory | 84M | 380M | 0 | 184M | 151M | 335M | 439M | 436M | 502M | 453M | 548M | 617M | 367M | 463M | 729M | 603M | 528M | 527M | 783M | 681M |
| Days Inventory Outstanding | 1.25 | 2.84 | - | 1.39 | 2.15 | 3.06 | 3.34 | 89.33 | 3.52 | 3.95 | 4.39 | 3.86 | 3.39 | 4.49 | 4.93 | 3.82 | 3.07 | 4.52 | 5.47 | 6.03 |
| Other Current Assets | 127M | 792M | -3.93B | 596M | 516M | 153M | 114M | 141M | 124M | 177M | 155M | 201M | 137M | 165M | 318M | 247M | 285M | 320M | 200M | 237M |
| Total Non-Current Assets | 22.68B | 25.47B | 25.44B | 22.52B | 22.47B | 22.32B | 21.76B | 21.99B | 22.07B | 22.36B | 22.44B | 22.4B | 22.24B | 22.33B | 22.54B | 21.88B | 22.23B | 22.55B | 22.47B | 19.32B |
| Property, Plant & Equipment | 16.95B | 17.07B | 17.06B | 14.33B | 14.36B | 16.38B | 15.76B | 15.95B | 15.93B | 15.97B | 16.09B | 15.9B | 15.56B | 15.54B | 15.6B | 14.9B | 15.04B | 15.25B | 15.3B | 13.46B |
| Fixed Asset Turnover | 1.04x | 0.73x | 0.67x | 0.81x | 0.69x | 0.75x | 0.78x | 0.80x | 0.80x | 0.75x | 0.79x | 0.77x | 0.75x | 0.79x | 0.85x | 0.96x | 1.08x | 0.90x | 0.90x | 0.79x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.61B | 1.69B | 1.75B | 1.57B | 1.64B | 1.68B | 1.68B | 1.67B | 1.74B | 1.81B | 1.88B | 1.97B | 2B | 2.07B | 2.15B | 1.78B | 1.84B | 1.9B | 1.96B | 0 |
| Long-Term Investments | 2.82B | 2.84B | 2.85B | 2.87B | 2.71B | 2.75B | 2.81B | 2.85B | 2.86B | 2.88B | 2.82B | 2.83B | 3.06B | 3.07B | 3.08B | 3.68B | 3.77B | 3.81B | 3.81B | 3.71B |
| Other Non-Current Assets | 1.3B | 3.88B | 3.78B | 3.75B | 3.76B | 1.52B | 1.52B | 1.52B | 1.53B | 1.7B | 1.65B | 1.7B | 1.62B | 1.65B | 1.71B | 1.51B | 1.57B | 1.59B | 1.41B | 2.15B |
| Total Assets | 29.22B | 31.64B | 30.17B | 28.1B | 27.16B | 27.06B | 26.56B | 27.16B | 27.45B | 27.36B | 27.36B | 27.73B | 26.9B | 27.46B | 27.89B | 27.46B | 28.89B | 30.64B | 28.61B | 24.2B |
| Asset Turnover | 0.58x | 0.40x | 0.36x | 0.42x | 0.39x | 0.45x | 0.46x | 0.47x | 0.47x | 0.44x | 0.46x | 0.44x | 0.43x | 0.45x | 0.47x | 0.51x | 0.55x | 0.46x | 0.49x | 0.43x |
| Asset Growth % | 7.6% | 16.91% | 13.58% | 3.48% | -1.09% | -1.09% | -2.9% | -2.09% | 2.06% | -0.36% | -1.93% | 1.01% | -6.88% | -10.4% | -2.51% | 13.47% | 13.76% | 20.97% | 16.79% | -0.2% |
| Total Current Liabilities | 5.86B | 6.54B | 4.93B | 5.37B | 4.68B | 4.69B | 4.95B | 5.14B | 5.41B | 5.14B | 5B | 5.61B | 4.65B | 5.37B | 5.89B | 5.33B | 6.87B | 8.57B | 6.23B | 5.4B |
| Accounts Payable | 4.94B | 4.93B | 4.37B | 3.58B | 3.36B | 3.73B | 3.88B | 3.67B | 4.01B | 3.99B | 3.84B | 4.14B | 3.29B | 4.01B | 4.04B | 4B | 5.42B | 6.87B | 4.81B | 3.87B |
| Days Payables Outstanding | 26.6 | 34.76 | 37.12 | 28.79 | 31.38 | 30.05 | 28.82 | 732.38 | 29.51 | 30.92 | 30.14 | 29.16 | 29.84 | 30.36 | 29.76 | 31.79 | 35.77 | 40.28 | 32.47 | 35.5 |
| Short-Term Debt | 9M | 420M | 202M | 1.01B | 475M | 478M | 408M | 765M | 765M | 554M | 446M | 710M | 709M | 708M | 1.16B | 459M | 630M | 900M | 822M | 808M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 908M | 1.2B | 362M | 771M | 840M | 488M | 661M | 696M | 626M | 599M | 713M | 751M | 648M | 649M | 617M | 879M | 823M | 803M | 523M | 716M |
| Current Ratio | 1.12x | 0.94x | 0.96x | 1.04x | 1.00x | 1.01x | 0.97x | 1.01x | 1.00x | 0.97x | 0.98x | 0.95x | 1.00x | 0.95x | 0.91x | 1.05x | 0.97x | 0.94x | 0.98x | 0.90x |
| Quick Ratio | 1.10x | 0.88x | 0.96x | 1.01x | 0.97x | 0.94x | 0.88x | 0.92x | 0.90x | 0.88x | 0.87x | 0.84x | 0.92x | 0.87x | 0.79x | 0.93x | 0.89x | 0.88x | 0.86x | 0.78x |
| Cash Conversion Cycle | 0.59 | -0.13 | - | 1.15 | 2.33 | 1.94 | 3.65 | -613.59 | 3.43 | 2.62 | 3.29 | 3.18 | 1.74 | 2.85 | 3.61 | 3.1 | 2.67 | 3.15 | 3 | 3.24 |
| Total Non-Current Liabilities | 9.07B | 12.27B | 12.16B | 9.75B | 9.53B | 9.51B | 8.52B | 8.49B | 8.47B | 8.57B | 8.62B | 8.58B | 8.65B | 8.61B | 8.68B | 9.38B | 9.29B | 9.22B | 9.57B | 9.5B |
| Long-Term Debt | 8.43B | 10.96B | 10.9B | 8.44B | 8.2B | 8.2B | 7.21B | 7.21B | 7.21B | 7.31B | 7.3B | 7.3B | 7.29B | 7.29B | 7.29B | 7.99B | 7.99B | 7.99B | 8.4B | 8.39B |
| Capital Lease Obligations | 194M | 202M | 202M | 188M | 190M | 301M | 313M | 269M | 279M | 261M | 274M | 280M | 299M | 307M | 308M | 300M | 316M | 331M | 339M | 326M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 442M | 1.11B | 1.06B | 1.12B | 1.13B | 1B | 990M | 1.01B | 979M | 997M | 1.04B | 1B | 1.06B | 1.01B | 1.08B | 1.09B | 991M | 901M | 830M | 789M |
| Total Liabilities | 14.93B | 18.82B | 17.09B | 15.11B | 14.21B | 14.2B | 13.47B | 13.62B | 13.88B | 13.71B | 13.62B | 14.18B | 13.3B | 13.97B | 14.57B | 14.71B | 16.17B | 17.79B | 15.8B | 14.9B |
| Total Debt | 8.63B | 11.58B | 11.3B | 9.64B | 8.87B | 8.98B | 7.93B | 8.25B | 8.26B | 8.12B | 8.03B | 8.29B | 8.3B | 8.3B | 8.82B | 8.74B | 8.93B | 9.22B | 9.64B | 9.52B |
| Net Debt | 7.58B | 11.41B | 6.57B | 8.46B | 8.41B | 8.56B | 7.59B | 7.61B | 7.7B | 7.79B | 7.58B | 8.03B | 7.36B | 7.78B | 8.42B | 8.12B | 8.66B | 9.1B | 9.19B | 9.33B |
| Debt / Equity | 0.60x | 0.90x | 0.86x | 0.74x | 0.68x | 0.70x | 0.61x | 0.61x | 0.61x | 0.60x | 0.58x | 0.61x | 0.61x | 0.62x | 0.66x | 0.69x | 0.70x | 0.72x | 0.75x | 1.02x |
| Debt / EBITDA | 13.49x | 22.79x | 18.50x | 13.50x | 20.02x | 11.30x | 23.00x | 13.63x | 15.66x | 13.02x | 11.51x | 16.74x | 13.02x | 11.39x | 40.86x | 10.12x | 13.66x | 17.62x | 11.72x | 68.50x |
| Net Debt / EBITDA | 11.84x | 22.45x | 10.75x | 11.84x | 18.98x | 10.76x | 21.99x | 12.57x | 14.61x | 12.49x | 10.87x | 16.21x | 11.56x | 10.67x | 39.00x | 9.40x | 13.25x | 17.41x | 11.18x | 67.13x |
| Interest Coverage | 3.46x | 3.01x | 3.03x | 4.40x | 2.74x | 5.46x | 2.47x | 4.16x | 4.15x | 4.84x | 5.56x | 3.73x | 5.13x | 6.39x | 1.92x | 6.57x | 4.11x | 3.14x | 6.52x | 1.73x |
| Total Equity | 14.29B | 12.82B | 13.08B | 12.99B | 12.95B | 12.86B | 13.1B | 13.53B | 13.58B | 13.65B | 13.73B | 13.55B | 13.6B | 13.48B | 13.32B | 12.74B | 12.72B | 12.85B | 12.81B | 9.3B |
| Equity Growth % | 10.36% | -0.31% | -0.12% | -4.01% | -4.63% | -5.76% | -4.63% | -0.14% | -0.18% | 1.21% | 3.05% | 6.34% | 6.94% | 4.89% | 4.02% | 37.07% | 31.94% | 27.47% | 31.55% | -5.62% |
| Book Value per Share | 20.24 | 18.16 | 18.53 | 18.45 | 18.42 | 18.27 | 18.60 | 19.28 | 19.37 | 19.47 | 19.59 | 19.36 | 19.49 | 19.32 | 19.09 | 18.26 | 18.12 | 18.23 | 18.07 | 13.00 |
| Total Shareholders' Equity | 11.08B | 9.6B | 9.84B | 9.76B | 9.71B | 9.63B | 9.81B | 10.23B | 10.28B | 10.34B | 10.42B | 10.29B | 10.38B | 10.24B | 10.06B | 9.94B | 9.93B | 10.04B | 9.97B | 9.15B |
| Common Stock | 9.04B | 7.57B | 7.8B | 7.73B | 7.67B | 7.6B | 7.51B | 7.93B | 7.98B | 8.04B | 8.13B | 7.99B | 8.09B | 7.95B | 7.76B | 7.65B | 7.64B | 7.75B | 7.68B | 6.86B |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3.21B | 3.22B | 3.24B | 3.23B | 3.24B | 3.23B | 3.28B | 3.3B | 3.3B | 3.31B | 3.31B | 3.27B | 3.22B | 3.24B | 3.27B | 2.8B | 2.79B | 2.81B | 2.84B | 145M |