Phillips Historical Income Statement

PSX Stock

USD 139.46 0.38 0.27%

Historical analysis of Phillips income statement accounts such as Other Operating Expenses of 98.9 B, Operating Income of 3.3 B, EBIT of 5.5 B or Research Development of 14.2 M can show how well Phillips 66 performed in making a profits. Evaluating Phillips income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Phillips's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Phillips 66 latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Phillips 66 is a good buy for the upcoming year.

Net Income Gross Profit

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

About Phillips Income Statement Analysis

Phillips 66 Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Phillips shareholders. The income statement also shows Phillips investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Phillips Income Statement Chart

At this time, Phillips' Non Operating Income Net Other is fairly stable compared to the past year. Tax Provision is likely to rise to about 865.1 M in 2025, whereas Depreciation And Amortization is likely to drop slightly above 1.4 B in 2025.

Total Revenue Gross Profit Other Operating Expenses Research Development

Total Revenue

Total revenue comprises all receipts Phillips 66 generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Phillips 66 minus its cost of goods sold. It is profit before Phillips operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Phillips 66. It is also known as Phillips overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Phillips' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Phillips 66 current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

	2022	2023	2024	2025 (projected)
Interest Expense	619M	897M	907M	952.4M
Depreciation And Amortization	1.7B	2.0B	2.4B	1.4B

Interest Expense Depreciation And Amortization

Phillips income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Minority Interest	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Discontinued Operations	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.87	-0.03	-0.17	-0.05	0.32	0.14	-0.74	0.23	-0.01	-0.37	0.08	-0.33	0.11	-0.09	0.38	-0.01	0.07	-0.11	0.59	0.65	-0.14	-0.22	-0.85	0.91
Interest Expense	0.87		-0.14	-0.3	-0.17	0.39	0.19	-0.77	0.28	-0.11	-0.53	0.14	-0.37	0.17	-0.05	0.35	-0.02	0.03	-0.18	0.65	0.59	-0.13	-0.31	-0.92	0.82
Total Revenue	-0.03	-0.14		0.63	1.0	0.46	0.63	0.15	0.61	0.99	0.35	0.64	0.75	0.57	0.71	0.33	-0.42	0.54	-0.25	0.48	-0.48	0.66	0.45	0.0	0.17
Gross Profit	-0.17	-0.3	0.63		0.62	0.35	0.49	-0.01	0.47	0.54	0.81	0.52	0.63	0.47	0.5	0.28	-0.35	0.58	-0.19	0.35	-0.48	0.63	0.28	0.08	0.01
Other Operating Expenses	-0.05	-0.17	1.0	0.62		0.39	0.57	0.17	0.56	0.99	0.39	0.58	0.74	0.52	0.67	0.29	-0.4	0.49	-0.22	0.46	-0.51	0.63	0.45	0.02	0.16
Operating Income	0.32	0.39	0.46	0.35	0.39		0.95	-0.12	0.96	0.44	-0.27	0.93	0.53	0.9	0.75	0.7	-0.37	0.85	-0.57	0.49	0.2	0.67	0.15	-0.31	0.29
Ebit	0.14	0.19	0.63	0.49	0.57	0.95		0.02	1.0	0.61	-0.08	1.0	0.77	0.98	0.82	0.66	-0.51	0.92	-0.67	0.48	0.02	0.75	0.27	-0.16	0.17
Research Development	-0.74	-0.77	0.15	-0.01	0.17	-0.12	0.02		-0.05	0.17	0.04	0.06	0.42	0.04	0.15	-0.29	0.04	0.03	0.08	-0.74	-0.34	0.04	0.24	0.87	-0.82
Ebitda	0.23	0.28	0.61	0.47	0.56	0.96	1.0	-0.05		0.6	-0.12	0.99	0.72	0.97	0.79	0.68	-0.5	0.91	-0.66	0.53	0.08	0.73	0.24	-0.24	0.25
Cost Of Revenue	-0.01	-0.11	0.99	0.54	0.99	0.44	0.61	0.17	0.6		0.27	0.62	0.73	0.55	0.7	0.32	-0.4	0.5	-0.25	0.47	-0.45	0.63	0.44	-0.01	0.19
Total Operating Expenses	-0.37	-0.53	0.35	0.81	0.39	-0.27	-0.08	0.04	-0.12	0.27		-0.05	0.31	-0.07	0.05	-0.14	-0.14	0.06	0.15	0.07	-0.62	0.23	0.19	0.24	-0.16
Income Before Tax	0.08	0.14	0.64	0.52	0.58	0.93	1.0	0.06	0.99	0.62	-0.05		0.8	0.98	0.83	0.64	-0.52	0.92	-0.67	0.46	-0.03	0.77	0.29	-0.12	0.12
Total Other Income Expense Net	-0.33	-0.37	0.75	0.63	0.74	0.53	0.77	0.42	0.72	0.73	0.31	0.8		0.79	0.71	0.35	-0.57	0.77	-0.59	0.16	-0.35	0.7	0.46	0.31	-0.22
Net Income	0.11	0.17	0.57	0.47	0.52	0.9	0.98	0.04	0.97	0.55	-0.07	0.98	0.79		0.69	0.64	-0.52	0.94	-0.71	0.43	0.06	0.64	0.23	-0.13	0.12
Income Tax Expense	-0.09	-0.05	0.71	0.5	0.67	0.75	0.82	0.15	0.79	0.7	0.05	0.83	0.71	0.69		0.45	-0.42	0.66	-0.44	0.37	-0.26	0.95	0.4	0.04	0.06
Selling General Administrative	0.38	0.35	0.33	0.28	0.29	0.7	0.66	-0.29	0.68	0.32	-0.14	0.64	0.35	0.64	0.45		0.01	0.64	-0.22	0.5	0.24	0.45	0.3	-0.44	0.33
Minority Interest	-0.01	-0.02	-0.42	-0.35	-0.4	-0.37	-0.51	0.04	-0.5	-0.4	-0.14	-0.52	-0.57	-0.52	-0.42	0.01		-0.52	0.8	-0.39	0.19	-0.44	-0.31	0.03	-0.19
Net Income From Continuing Ops	0.07	0.03	0.54	0.58	0.49	0.85	0.92	0.03	0.91	0.5	0.06	0.92	0.77	0.94	0.66	0.64	-0.52		-0.66	0.36	-0.01	0.68	0.28	-0.03	0.06
Non Recurring	-0.11	-0.18	-0.25	-0.19	-0.22	-0.57	-0.67	0.08	-0.66	-0.25	0.15	-0.67	-0.59	-0.71	-0.44	-0.22	0.8	-0.66		-0.36	-0.09	-0.44	0.02	0.07	-0.19
Non Operating Income Net Other	0.59	0.65	0.48	0.35	0.46	0.49	0.48	-0.74	0.53	0.47	0.07	0.46	0.16	0.43	0.37	0.5	-0.39	0.36	-0.36		-0.04	0.38	0.07	-0.8	0.81
Discontinued Operations	0.65	0.59	-0.48	-0.48	-0.51	0.2	0.02	-0.34	0.08	-0.45	-0.62	-0.03	-0.35	0.06	-0.26	0.24	0.19	-0.01	-0.09	-0.04		-0.31	-0.28	-0.41	0.36
Tax Provision	-0.14	-0.13	0.66	0.63	0.63	0.67	0.75	0.04	0.73	0.63	0.23	0.77	0.7	0.64	0.95	0.45	-0.44	0.68	-0.44	0.38	-0.31		0.43	0.06	0.04
Interest Income	-0.22	-0.31	0.45	0.28	0.45	0.15	0.27	0.24	0.24	0.44	0.19	0.29	0.46	0.23	0.4	0.3	-0.31	0.28	0.02	0.07	-0.28	0.43		0.12	-0.14
Net Interest Income	-0.85	-0.92	0.0	0.08	0.02	-0.31	-0.16	0.87	-0.24	-0.01	0.24	-0.12	0.31	-0.13	0.04	-0.44	0.03	-0.03	0.07	-0.8	-0.41	0.06	0.12		-0.87
Reconciled Depreciation	0.91	0.82	0.17	0.01	0.16	0.29	0.17	-0.82	0.25	0.19	-0.16	0.12	-0.22	0.12	0.06	0.33	-0.19	0.06	-0.19	0.81	0.36	0.04	-0.14	-0.87

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Phillips Account Relationship Matchups

Phillips income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	1.4B	1.6B	1.7B	2.0B	2.4B	1.4B
Interest Expense	499M	581M	619M	897M	907M	952.4M
Total Revenue	63.7B	111.9B	170.1B	147.3B	143.1B	101.3B
Gross Profit	180M	3.4B	12.8B	11.3B	4.9B	6.2B
Other Operating Expenses	65.5B	110.7B	160.0B	139.0B	140.8B	98.9B
Operating Income	(1.8B)	1.2B	10.1B	8.3B	2.3B	3.3B
Ebit	(4.5B)	2.3B	15.3B	10.4B	3.6B	5.5B
Research Development	48M	47M	42M	27M	15M	14.3M
Ebitda	(3.0B)	4.0B	16.9B	12.4B	6.0B	6.9B
Cost Of Revenue	63.5B	108.6B	157.3B	136.0B	138.3B	95.1B
Total Operating Expenses	2.0B	2.2B	2.7B	3.0B	2.5B	3.8B
Income Before Tax	(5.0B)	1.7B	14.6B	9.5B	2.7B	5.1B
Total Other Income Expense Net	(3.1B)	515M	4.6B	1.2B	350.1M	332.6M
Net Income	(4.0B)	1.3B	11.0B	7.0B	2.1B	3.8B
Income Tax Expense	(1.3B)	146M	3.2B	2.2B	500M	832.7M
Selling General Administrative	1.5B	1.7B	8.8B	2.5B	2.8B	2.5B
Net Income Applicable To Common Shares	(4.0B)	1.3B	11.0B	7.0B	2.1B	4.0B
Minority Interest	2.5B	(277M)	367M	(224M)	(58M)	(55.1M)
Net Income From Continuing Ops	(3.7B)	1.6B	11.4B	7.2B	2.2B	2.1B
Non Recurring	861M	4.3B	1.5B	60M	69M	65.6M
Non Operating Income Net Other	2.3B	1.4B	3.4B	5.7B	6.6B	6.9B
Tax Provision	(1.3B)	146M	3.2B	2.2B	500M	865.2M
Interest Income	14M	2.7B	2.0B	269M	158M	150.1M
Net Interest Income	(499M)	(605M)	(642M)	(657M)	(789M)	(828.5M)
Reconciled Depreciation	1.4B	1.6B	1.6B	2.0B	2.4B	1.8B

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Phillips Historical Income Statement

About Phillips Income Statement Analysis

Phillips Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Phillips income statement Correlations

Phillips Account Relationship Matchups

High Positive Relationship

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Phillips income statement Accounts

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Other Operating Expenses	+ 1.0	Total Revenue
Ebitda	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebit
Cost Of Revenue	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Other Operating Expenses
Income Before Tax	+ 0.99	Ebitda

Net Interest Income	- 0.92	Interest Expense
Reconciled Depreciation	- 0.87	Net Interest Income
Net Interest Income	- 0.85	Depreciation And Amortization
Reconciled Depreciation	- 0.82	Research Development
Net Interest Income	- 0.8	Non Operating Income Net Other
Research Development	- 0.77	Interest Expense