Phillips 66 Partners Balance Sheet - Quarterly (NYSE:PSXP)

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$50.13 $1.05 (2.14%) PSXP stock closing price Mar 16, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Phillips 66 Partners balance sheet. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our Phillips 66 Partners stock analysis. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. Phillips 66 Partners had a long term debt of $2.27B at the end of 2017 Q3. To understand the debt servicing capacity of the company, one needs to look at Phillips 66 Partners operating cash flow and Phillips 66 Partners revenue also. Phillips 66 Partners debt to equity ratio is 1.36.

View and download Phillips 66 Partners quarterly results to get the balance sheet details for the latest 40 quarters data.
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Fiscal year is Jan - Dec2017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Marketable Securities---------
Raw Materials12M12M12M11M5.5M5.5M5.2M2.5M2.5M
Work In Progress---------
Finished Goods---------
Notes Receivable---------
Other Current Assets3M5M3M4M4.2M3.4M1.6M2.2M2.8M
Total Current Assets
Property Plant & Equipment3.48B3.45B3.42B3.4B2B1.98B1.93B760.4M751.5M
Accumulated Depreciation803M777M751M725M325.6M310.7M285.4M268M262.5M
Net Property Plant & Equipment
Investment & Advances1.27B1.21B1.18B1.14B1.1B1.01B967.1M944.9M858.4M
Other Non-Current Assets---------
Deferred Charges7M5M5M5M5.3M5.4M5.4M5.6M5.7M
Deposits & Other Assets-2M2M2M24.9M---10.1M
Total Assets
Notes Payable---------
Accounts Payable41M41M39M43M26.9M25.8M21.2M12.2M11.8M
Current Portion Long-Term Debt17M25M2M15M50M----
Current Portion Capital Leases---------
Accrued Expenses50M42M44M36M16.9M29.2M16M21M11.8M
Income Taxes Payable---------
Other Current Liabilities27M25M19M17M11.1M6.6M6M4.5M6.5M
Total Current Liabilities
Deferred Taxes/Income24M25M25M25M20.9M20.5M17.7M--
Convertible Debt---------
Long-Term Debt2.27B2.23B2.36B2.4B1.09B1.34B1.3B1.09B1.1B
Non-Current Capital Leases---------
Other Long-Term Liabilities12M12M11M11M4.9M4.7M4.2M4.7M4.8M
Total Liabilities
Minority Interest---------
Preferred Stock---------
Common Stock Net1.78B1.77B1.63B1.57B1.66B1.34B463.2M391.6M337.6M
Capital Surplus---------
Retained Earnings---------
Treasury Stock---------
Other Liabilities-1M-1M-1M-1M-1.2M-0.8M850.9M-1.5M-1.5M
Shareholders Equity1.78B1.77B1.63B1.57B1.66B1.34B1.31B390.1M336.1M
Total Liabilities & Shareholders Equity4.22B4.17B4.13B4.11B2.88B2.77B2.68B1.52B1.47B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Phillips 66 Partners stock price, and Phillips 66 Partners historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Phillips 66 Partners PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like Phillips 66 Partners owns and has monetary significance. PSXP assets grew from $4.17B in 2017 Q2 to $4.22B in 2017 Q3. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Phillips 66 Partners is $2.44B. Shareholders equity comes under liabilities as it is money the company owes the holders of PSXP stock.

Phillips 66 Partners Balance Sheet - Key Ratios

Current ratio
Debt to equity ratio
Asset turnover ratio
Receivables turnover
Price to book ratio