For the quarter ending 2025-09-30, PAAPU had $721M increase in cash & cash equivalents over the period. $632M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 529 | 813 |
| Revenues | 175 | - |
| Purchases and related costs | -7 | - |
| Field operating costs | 68 | - |
| General and administrative expenses | 10 | - |
| Depreciation and amortization | 0 | - |
| (gains)/losses on asset sales, net | -2 | - |
| Total costs and expenses | 73 | - |
| Income from discontinued operations before tax | 102 | - |
| Current income tax expense | 7 | - |
| Deferred income tax (expense)/benefit | 20 | - |
| Income from discontinued operations, net of tax | 75 | 206 |
| Depreciation and amortization | 230 | 466 |
| (gains)/losses on asset sales, net | 93 | -29 |
| Deferred income tax expense/(benefit) | 1 | 5 |
| (gain)/loss on foreign currency revaluation | -15 | -4 |
| Settlement of terminated interest rate hedging instruments (note 8) | -7 | - |
| Equity earnings in unconsolidated entities | 96 | 196 |
| Distributions on earnings from unconsolidated entities | 113 | 256 |
| Gain on investments in unconsolidated entities, net (note 12) | 0 | 31 |
| Other | -15 | -32 |
| Changes in assets and liabilities, net of acquisitions | -158 | 140 |
| Cash provided by operating activities - continuing operations | 804 | 1,032 |
| Cash provided by operating activities - discontinued operations | 13 | 301 |
| Net cash provided by operating activities | 817 | 1,333 |
| Cash paid in connection with acquisitions, net of cash acquired | 184 | 681 |
| Investments in unconsolidated entities | 0 | - |
| Additions to property, equipment and other | 185 | 310 |
| Cash paid for purchases of linefill | 0 | 17 |
| Proceeds from sales of assets | 6 | 21 |
| Investments in related party notes (note 9) | 0 | 330 |
| Other investing activities | 0 | - |
| Cash used in investing activities - continuing operations | -363 | -1,317 |
| Cash used in investing activities - discontinued operations | -45 | -106 |
| Net cash used in investing activities | -408 | -1,423 |
| Net repayments under commercial paper program (note6) | -462 | 69 |
| Proceeds from the issuance of senior notes (note6) | 1,248 | 998 |
| Proceeds from the issuance of related party notes (note 9) | 0 | 330 |
| Repurchase of common units | 0 | 8 |
| Repurchase of series a preferred units (note7) | 0 | 333 |
| Distributions paid to unitholders (note7)-Series APreferred Units | 36 | 82 |
| Distributions paid to unitholders (note7)-Series BPreferred Units | 18 | 35 |
| Distributions paid to unitholders (note7)-Common Units | 267 | 535 |
| Distributions paid to noncontrolling interests (note7) | 110 | 229 |
| Contributions from noncontrolling interests | 5 | 29 |
| Other financing activities | -42 | -22 |
| Net cash provided by/(used in) financing activities | 318 | 182 |
| Effect of translation adjustment - continuing operations | 5 | 8 |
| Effect of translation adjustment - discontinued operations | -11 | 11 |
| Net increase in cash and cash equivalents and restricted cash | 721 | 111 |
| Cash and cash equivalents at beginning of period | 348 | - |
| Cash and cash equivalents at end of period | 1,180 | - |
PLAINS ALL AMERICAN PIPELINE LP (PAAPU)
PLAINS ALL AMERICAN PIPELINE LP (PAAPU)