Stock Analysis on Net

Phillips 66 (NYSE:PSX)

This company has been moved to the archive! The financial data has not been updated since February 21, 2020.

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Phillips 66, consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Sales and other operating revenues 29,125 27,218 27,847 23,103 29,098 29,788 28,980 23,595 29,746 25,627 24,087 22,894 23,397 21,624 21,849 17,409 21,893 25,792 28,512 22,778
Purchased crude oil and products (26,114) (23,806) (24,554) (21,055) (24,660) (26,385) (25,747) (21,138) (23,914) (19,463) (18,353) (17,679) (18,379) (15,961) (16,198) (11,930) (15,871) (18,580) (22,253) (16,695)
Operating expenses (1,396) (1,206) (1,165) (1,307) (1,285) (1,206) (1,143) (1,246) (1,158) (1,134) (1,137) (1,270) (1,197) (1,061) (994) (1,023) (1,074) (1,083) (1,043) (1,094)
Cost of operating revenues (27,510) (25,012) (25,719) (22,362) (25,945) (27,591) (26,890) (22,384) (25,072) (20,597) (19,490) (18,949) (19,576) (17,022) (17,192) (12,953) (16,945) (19,663) (23,296) (17,789)
Excise taxes on sales of petroleum products (3,390) (3,376) (3,252) (3,036) (3,156) (3,357) (3,508) (3,360) (3,442) (3,513) (3,463) (3,362)
Gross profit 1,615 2,206 2,128 741 3,153 2,197 2,090 1,211 1,284 1,654 1,345 909 665 1,245 1,149 1,096 1,506 2,616 1,753 1,627
Selling, general and administrative expenses (491) (416) (408) (366) (419) (440) (432) (386) (437) (435) (439) (384) (420) (411) (421) (386) (433) (437) (406) (394)
Depreciation and amortization (340) (336) (334) (331) (337) (346) (337) (336) (346) (337) (320) (315) (305) (293) (290) (280) (281) (270) (274) (253)
Impairments (5) (853) (2) (1) (1) (1) (6) (6) (1) (15) (2) (1) (2) (2) (4) (1) (2)
Taxes other than income taxes (79) (105) (97) (128) (97) (109) (109) (110) (104) (80) (104) (120) (53) (67) (86) (101) (14) (97) (86) (100)
Accretion on discounted liabilities (6) (6) (5) (6) (6) (5) (6) (6) (6) (5) (6) (5) (6) (5) (5) (5) (5) (5) (6) (5)
Operating income (loss) 694 490 1,282 (91) 2,293 1,296 1,200 373 385 796 461 83 (120) 467 345 324 769 1,806 979 875
Equity in earnings of affiliates 464 499 648 516 730 779 743 424 375 530 462 365 255 391 435 333 127 583 407 456
Net gain on dispositions 1 18 1 1 1 17 14 1 1 3 6 22 139 122
Other income 22 36 23 38 14 24 13 10 2 49 18 452 15 24 17 18 9 20 19 70
Interest and debt expense (115) (109) (115) (119) (121) (125) (135) (123) (114) (112) (107) (105) (88) (81) (83) (86) (74) (71) (79) (86)
Foreign currency transaction gains (losses) 9 (9) (5) 1 14 16 6 (7) 1 (1) 9 7 1 (1) (49)
Income before income taxes 1,066 943 1,829 340 2,918 1,975 1,835 717 654 1,256 848 797 62 813 720 596 832 2,359 1,465 1,388
Income tax (expense) benefit (256) (150) (325) (70) (602) (407) (431) (132) 2,601 (407) (267) (234) 132 (277) (204) (198) (166) (767) (440) (391)
Net income 810 793 1,504 270 2,316 1,568 1,404 585 3,255 849 581 563 194 536 516 398 666 1,592 1,025 997
Net income attributable to noncontrolling interests (74) (81) (80) (66) (76) (76) (65) (61) (57) (26) (31) (28) (31) (25) (20) (13) (16) (14) (13) (10)
Net income attributable to Phillips 66 736 712 1,424 204 2,240 1,492 1,339 524 3,198 823 550 535 163 511 496 385 650 1,578 1,012 987

Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Income statement item Description The company
Sales and other operating revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Phillips 66 sales and other operating revenues decreased from Q2 2019 to Q3 2019 but then increased from Q3 2019 to Q4 2019 exceeding Q2 2019 level.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Phillips 66 operating income (loss) decreased from Q2 2019 to Q3 2019 but then slightly increased from Q3 2019 to Q4 2019.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Phillips 66 income before income taxes decreased from Q2 2019 to Q3 2019 but then slightly increased from Q3 2019 to Q4 2019.
Net income attributable to Phillips 66 The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Phillips 66 net income attributable to Phillips 66 decreased from Q2 2019 to Q3 2019 but then slightly increased from Q3 2019 to Q4 2019.