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 | $990M | $1.15B | $2.27B | $1.98B | -$2.38B | $842M | $1.28B | $1.25B | $862M | $1.43B |
| Operating margin | 4.9% | 4.4% | 6.7% | 5.9% | -10.2% | 2.0% | 2.2% | 2.6% | 1.8% | 3.2% |
| Net income | $94.0M | -$731M | $334M | $331M | -$568M | $60.0M | $168M | $198M | $103M | $260M |
| Net margin | 0.5% | -2.8% | 1.0% | 1.0% | -2.4% | 0.1% | 0.3% | 0.4% | 0.2% | 0.6% |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $718M | $2.50B | $2.60B | $2.50B | $1.51B | $1.99B | $2.40B | $2.72B | $2.48B | $2.93B |
| Capital expenditures | $1.33B | $1.02B | $1.63B | $1.18B | $738M | $336M | $455M | $408M | $448M | $643M |
| Free cash flow | -$616M | $1.47B | $970M | $1.32B | $772M | $1.66B | $1.95B | $2.31B | $2.04B | $2.29B |
| Share buybacks | — | — | — | — | — | — | — | — | $0.00 | $8.00M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $50.0M | $40.0M | $69.0M | $47.0M | $25.0M | $452M | $404M | $453M | $349M | $329M |
| Total assets | $26.1B | $26.8B | $26.8B | $30.0B | $26.0B | $30.0B | $29.2B | $28.6B | $27.8B | $31.3B |
| Long-term debt | — | — | — | — | — | — | — | — | — | $1.10B |
Every figure is extracted from PLAINS GP HOLDINGS 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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