Phillips 66 (PSX) quarterly cash flow statement — complete operating, investing & financing history
Phillips 66 (PSX) cash flow statement — 17-year operating, investing & financing cash flows
| 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 |
|---|
| Cash from Operations | 5B | -2.26B | 2.75B | 1.18B | 845M | 187M | 1.2B | 1.13B | 2.1B | -236M | 2.19B | 2.69B | 955M | 1.2B | 4.75B | 3.14B | 1.78B | 1.14B | 1.8B | 2.2B |
| Operating CF Margin % | 9.79% | -6.64% | 8.09% | 3.41% | 2.55% | 0.61% | 3.55% | 3.21% | 5.5% | -0.66% | 5.75% | 6.72% | 2.74% | 3.49% | 11.79% | 7.06% | 3.66% | 3.1% | 5.53% | 7.23% |
| Operating CF Growth % | 491.12% | -1310.7% | 129.72% | 4.06% | -59.7% | 179.24% | -45.3% | -57.84% | 119.58% | -119.68% | -53.89% | -14.6% | -46.44% | 5.55% | 163.89% | 42.71% | 2.29% | 319.19% | 181.69% | 348.68% |
| Net Income | 4.1B | 207M | 2.93B | 167M | 908M | 526M | 6M | 343M | 1.01B | 746M | 1.26B | 2.1B | 1.69B | 1.96B | 1.88B | 5.39B | 3.16B | 580M | 1.27B | 400M |
| Depreciation & Amortization | 1.14B | 558M | 818M | 826M | 816M | 791M | 832M | 551M | 507M | 513M | 528M | 494M | 502M | 482M | 508M | 435M | 365M | 344M | 530M | 367M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 133M | 67M | 345M | 14M | -48M | -133M | -164M | 113M | -145M | -55M | 167M | 408M | 119M | 146M | 174M | 856M | 148M | 142M | 18M | -453M |
| Other Non-Cash Items | -358M | -133M | -2.05B | 913M | 244M | -925M | 227M | 506M | -193M | 7M | 31M | -598M | -315M | -124M | 77M | -3.43B | -69M | 185M | -431M | 1.11B |
| Working Capital Changes | -21M | -2.96B | 708M | -742M | -1.07B | -72M | 297M | -381M | 916M | -1.45B | 207M | 286M | -1.04B | -1.26B | 2.11B | -101M | -1.82B | -115M | 412M | 776M |
| Change in Receivables | -2.18B | -2.47B | -466M | 801M | -1.74B | 901M | -788M | 427M | 736M | 199M | 329M | -2.57B | -115M | 1.66B | 2.36B | 1.2B | -2.59B | -3.04B | 543M | 53M |
| Change in Inventory | -858M | -1.66B | 2.59B | -823M | -393M | -1.21B | 2.02B | 499M | -245M | -2.56B | 2.02B | 677M | -936M | -2B | 1.04B | 295M | -113M | -1.15B | 1.01B | 326M |
| Change in Payables | 3.16B | 3.02B | -1.21B | -669M | 691M | 384M | -593M | -1.46B | -120M | 1.68B | -1.82B | 2.27B | -184M | -739M | -920M | -2.63B | 476M | 4.81B | -798M | 241M |
| Cash from Investing | -1.34B | -606M | -335M | -487M | -2.73B | 1.59B | -345M | -1.78B | 327M | -665M | -718M | -485M | -4.39B | -265M | -732M | -537M | -291M | -428M | -581M | -496M |
| Capital Expenditures | -1.31B | -582M | -682M | -541M | -587M | -423M | -506M | -358M | -367M | -628M | -634M | -855M | -551M | -378M | -713M | -735M | -376M | -370M | -597M | -552M |
| CapEx % of Revenue | 2.56% | 1.71% | 2% | 1.57% | 1.77% | 1.39% | 1.5% | 1.01% | 0.96% | 1.74% | 1.67% | 2.14% | 1.58% | 1.1% | 1.77% | 1.65% | 0.77% | 1.01% | 1.83% | 1.81% |
| Acquisitions | -179M | -40M | 2.31B | 25M | -2.2B | 2.03B | 118M | -348M | 685M | 2M | -88M | 280M | -3.94B | 77M | -499M | 1M | 1M | 1M | -23M | 2M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 143M | 16M | -2.05B | 29M | 55M | -25M | 20M | -1.13B | -17M | -80M | -41M | 50M | 47M | -24M | -154M | 167M | 51M | -74M | 316M | -24M |
| Cash from Financing | -627M | 6.92B | -3.26B | 112M | 1.53B | -2.05B | -724M | -192M | -1.54B | -846M | -1.72B | -1.66B | -536M | -117M | -1.74B | -1.66B | -1.98B | -512M | -954M | -1B |
| Debt Issued (Net) | 988M | 7.66B | -2.34B | 838M | 2.41B | -1.29B | 423M | 1.11B | -203M | 802M | -92M | -488M | 1.32B | 1.26B | -473M | -476M | -1.46B | -24M | -476M | -521M |
| Equity Issued (Net) | -547M | -185M | -260M | -199M | -417M | -224M | -643M | -782M | -826M | -1.11B | -1.13B | -661M | -1.31B | -790M | -717M | -694M | -22M | 23M | 2M | 0 |
| Dividends Paid | -1.02B | -509M | -482M | -484M | -487M | -469M | -472M | -477M | -485M | -448M | -457M | -465M | -474M | -486M | -456M | -466M | -467M | -404M | -403M | -394M |
| Share Repurchases | -648M | -269M | -274M | -267M | -419M | -247M | -647M | -800M | -840M | -1.16B | -1.15B | -752M | -1.31B | -800M | -753M | -694M | -66M | 0 | 0 | 0 |
| Other Financing | -51M | -50M | -175M | -43M | 19M | -69M | -32M | -43M | -29M | -86M | -33M | -43M | -78M | -106M | -96M | -21M | -31M | -107M | -77M | -90M |
| Net Change in Cash | 2.98B | 4.03B | -834M | 806M | -345M | -249M | 101M | -807M | 874M | -1.75B | -216M | 510M | -3.94B | 832M | 2.39B | 935M | -526M | 188M | 250M | 690M |
| Free Cash Flow | 3.69B | -2.85B | 2.07B | 637M | 258M | -236M | 692M | 774M | 1.73B | -864M | 1.56B | 1.83B | 404M | 821M | 4.04B | 2.41B | 1.41B | 766M | 1.2B | 1.65B |
| FCF Margin % | 7.23% | -8.35% | 6.09% | 1.85% | 0.78% | -0.77% | 2.05% | 2.19% | 4.54% | -2.4% | 4.09% | 4.58% | 1.16% | 2.39% | 10.02% | 5.41% | 2.89% | 2.09% | 3.7% | 5.42% |
| FCF Growth % | 1329.07% | -1105.93% | 199.13% | -17.7% | -85.09% | 72.69% | -55.53% | -57.7% | 328.22% | -205.24% | -61.46% | -24.03% | -71.29% | 7.18% | 235.58% | 45.91% | 3.23% | 1376.67% | 804.51% | 2806.56% |
| FCF per Share | 9.16 | -7.06 | 5.11 | 1.57 | 0.63 | -0.57 | 1.65 | 1.85 | 4.06 | -2.00 | 3.53 | 4.09 | 0.89 | 1.76 | 8.51 | 4.99 | 2.90 | 1.70 | 2.72 | 3.75 |
| FCF Conversion (FCF/Net Income) | 1.30x | -10.94x | 0.95x | 8.86x | 0.96x | 0.38x | 149.75x | 3.27x | 2.07x | -0.32x | 1.74x | 1.28x | 0.56x | 0.61x | 2.52x | 0.58x | 0.56x | 1.95x | 1.41x | 5.48x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |