Phillips 66 Revenue, Profits - PSX Annual Income Statement

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$111.81 $0.67 (0.6%) PSX stock closing price Jul 13, 2018 (Closing)

Financial analysis of Phillips 66 involves more than just checking the Phillips 66 stock price, by looking at the financial statements of the company in detail. The income statement is a summary of the revenue or sales, expenses and profitability - shown as Net Income, or lack of it. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the PSX stock is bound to reflect the impact of the YOY growth of 21.45%. Along with Phillips 66 assets and Phillips 66 free cash flow, Phillips 66 profits as shown in profit and loss statement give key insights about the business. The net profit for 2017 is $5.11B and the 2017 revenue is $102.35B.

View revenue and profit details for latest and last 10 financial years.
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Phillips 66 Revenues or Net Sales
Cost Of Goods Sold (COGS)79.41B62.47B73.4B135.75B148.25B154.48B172.84B125.09B93.16B145.58B
Phillips 66 Gross Profit
Research & Development Expense----------
Selling General & Admin Expense19.37B19.54B19.67B20.9B19.72B20.35B20.26B20.95B19.12B23.05B
Income Before Depreciation Depletion Amortization3.58B2.27B5.91B4.57B3.64B4.63B7.52B520M1.67B5.29B
Depreciation Depletion Amortization1.32B1.17B1.08B995M947M913M908M880M879M904M
Non Operating Income1.73B1.43B1.52B2.44B3.11B3.16B34M1.68B53M-232M
Interest Expense438M338M310M267M275M246M17M1M1M42M
Phillips 66 Pretax Income
Provision for Income Taxes-1.69B547M1.76B1.65B1.84B2.5B1.84B579M368M1.45B
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations5.25B1.64B4.28B4.09B3.68B4.13B4.78B740M479M2.67B
Extraordinary Items & Discontinued Operations---706M61M-----
Phillips 66 Profit/ Loss (Net Income)
Average Shares used to compute Diluted EPS518.51M530.07M546.98M571.5M618.99M636.76M634.65M634.65M626.32M627.83M
Average Shares used to compute Basic EPS515.09M527.53M542.36M565.9M612.92M628.84M627.63M627.63M626.32M627.83M
Income Before Nonrecurring Items2.27B1.5B4.19B3.78B3.64B5.39B4.04B1.69B476M2.66B
Income from Nonrecurring Items2.84B57M34M274M22M-1.26B732.5M-953.19M--
Phillips 66 Earnings Per Share Basic Net
Phillips 66 Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items4.382.827.676.625.898.466.372.660.754.19
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common2.732.452.181.891.330.450.
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Phillips 66 stock analysis are:

  • Topline: A growing topline, as seen from the Phillips 66 revenue chart, as is the case with Phillips 66 indicates a growing business. One needs to compare the YoY topline or sales growth of PSX stock with its peers like VLO stock and MPC stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. PSX stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the PSX income statement, one can check the Phillips 66 historical stock prices to check how the price has moved with time.

Phillips 66 Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
PS Ratio (price sales ratio)
Operating Margin
Net Profit Margin
Dividend Yield