Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.2B | $26.2B | $34.1B | $33.7B | $23.3B | $42.1B | $57.3B | $47.3B | $48.9B | $44.3B |
| Revenue growth | — | 29.9% | 29.9% | -1.1% | -30.8% | 80.7% | 36.3% | -17.4% | 3.3% | -9.5% |
| Operating income | $994M | $1.15B | $2.28B | $1.99B | -$2.38B | $851M | $1.29B | $1.26B | $868M | $1.43B |
| Operating margin | 4.9% | 4.4% | 6.7% | 5.9% | -10.2% | 2.0% | 2.3% | 2.7% | 1.8% | 3.2% |
| Net income | $726M | $856M | $2.22B | $2.17B | -$2.59B | $593M | $1.04B | $1.23B | $772M | $1.44B |
| Net margin | 3.6% | 3.3% | 6.5% | 6.4% | -11.1% | 1.4% | 1.8% | 2.6% | 1.6% | 3.2% |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $733M | $2.50B | $2.61B | $2.50B | $1.51B | $2.00B | $2.41B | $2.73B | $2.49B | $2.94B |
| Capital expenditures | $1.33B | $1.02B | $1.63B | $1.18B | $738M | $336M | $455M | $408M | $448M | $643M |
| Free cash flow | -$601M | $1.48B | $974M | $1.32B | $776M | $1.66B | $1.95B | $2.32B | $2.04B | $2.29B |
| Share buybacks | — | — | $0.00 | $0.00 | $50.0M | $178M | $74.0M | $0.00 | $0.00 | $8.00M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $47.0M | $37.0M | $66.0M | $45.0M | $22.0M | $449M | $401M | $450M | $348M | $328M |
| Total assets | $24.2B | $25.4B | $25.5B | $28.7B | $24.5B | $28.6B | $27.9B | $27.4B | $26.6B | $30.2B |
Every figure is extracted from PLAINS ALL AMERICAN PIPELINE LP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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