Phillips 66 Revenue, Profits - PSX Annual Income Statement

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$91.99 $0.78 (0.84%) PSX stock closing price Feb 16, 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 decline of -14.85%. 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 2016 is $1.56B and the 2016 revenue is $84.28B.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec201620152014201320122011201020092008
Phillips 66 Revenues or Net Sales
84.28B98.98B161.21B171.6B179.46B200.61B146.56B113.95B173.92B
Cost Of Goods Sold (COGS)62.47B73.4B135.75B148.25B154.48B172.84B125.09B93.16B145.58B
Phillips 66 Gross Profit
21.81B25.58B25.46B23.35B24.98B27.78B21.47B20.8B28.34B
Research & Development Expense---------
Selling General & Admin Expense19.54B19.67B20.9B19.72B20.35B20.26B20.95B19.12B23.05B
Income Before Depreciation Depletion Amortization2.27B5.91B4.57B3.64B4.63B7.52B520M1.67B5.29B
Depreciation Depletion Amortization1.17B1.08B995M947M913M908M880M879M904M
Non Operating Income1.43B1.52B2.44B3.11B3.16B34M1.68B53M-232M
Interest Expense338M310M267M275M246M17M1M1M42M
Phillips 66 Pretax Income
2.19B6.04B5.75B5.53B6.63B6.62B1.32B847M4.11B
Provision for Income Taxes547M1.76B1.65B1.84B2.5B1.84B579M368M1.45B
MinorityInterest89M53M35M17M7M5M5M3M3M
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations1.64B4.28B4.09B3.68B4.13B4.78B740M479M2.67B
Extraordinary Items & Discontinued Operations--706M61M-----
Phillips 66 Profit/ Loss (Net Income)
1.56B4.23B4.76B3.73B4.12B4.78B735M476M2.66B
Average Shares used to compute Diluted EPS530.07M546.98M571.5M618.99M636.76M634.65M634.65M626.32M627.83M
Average Shares used to compute Basic EPS527.53M542.36M565.9M612.92M628.84M627.63M627.63M626.32M627.83M
Income Before Nonrecurring Items1.5B4.19B3.78B3.64B5.39B4.04B1.69B476M2.66B
Income from Nonrecurring Items57M34M274M22M-1.26B732.5M-953.19M--
Phillips 66 Earnings Per Share Basic Net
2.947.798.406.076.557.611.170.764.24
Phillips 66 Earnings Per Share Diluted Net
2.92M7.73M8.33M6.02M6.48M7.52M1.16M-4.19M
EPS Diluted Before Nonrecurring Items2.827.676.625.898.466.372.660.754.19
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common2.452.181.891.330.450.000.000.000.00
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 isn't the case with Phillips 66 indicates a sagging 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 poor 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)
9.26
PS Ratio (price sales ratio)
0.45
Operating Margin
1.3
Net Profit Margin
10.8
Dividend Yield
2.97%