Phillips Historical Income Statement
| PSX Stock | USD 125.44 0.82 0.65% |
Historical analysis of Phillips income statement accounts such as Other Operating Expenses of 16.2 B, Operating Income of 18.7 B, EBIT of 0.0 or Ebitda of 874 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.
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.
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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
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.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.Cost Of Revenue
Cost of Revenue is found on Phillips 66 income statement and represents the costs associated with goods and services Phillips provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Phillips 66 whose combined shares represent less than 50% of the total outstanding shares issued by Phillips have a minority interest in Phillips.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 state. At this time, Phillips' Depreciation And Amortization is fairly stable compared to the past year. Interest Expense is likely to rise to about 994.4 M in 2025, whereas Total Revenue is likely to drop slightly above 18.7 B in 2025.
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 642M | 926M | 947M | 994.4M | Depreciation And Amortization | 1.7B | 2.0B | 920M | 975.9M |
Phillips income statement Correlations
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Phillips Account Relationship Matchups
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Phillips income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 1.4B | 1.6B | 1.7B | 2.0B | 920M | 975.9M | |
| Interest Expense | 521M | 605M | 642M | 926M | 947M | 994.4M | |
| Total Revenue | 64.1B | 111.5B | 170.0B | 147.4B | 19.7B | 18.7B | |
| Gross Profit | 5.0B | 7.8B | 18.4B | 11.2B | 19.7B | 13.8B | |
| Other Operating Expenses | 65.7B | 111.0B | 160.4B | 139.0B | 17.0B | 16.2B | |
| Operating Income | (287M) | 3.8B | 12.7B | 8.0B | 17.8B | 18.7B | |
| Ebit | 6.8B | (4.5B) | 2.3B | 15.3B | 10.4B | 0.0 | |
| Ebitda | (3.0B) | 4.0B | 16.9B | 12.4B | 920M | 874M | |
| Cost Of Revenue | 59.1B | 103.7B | 151.6B | 136.2B | 132.3B | 92.1B | |
| Total Operating Expenses | 6.6B | 7.3B | 8.8B | 3.0B | 1.9B | 1.8B | |
| Income Before Tax | (5.0B) | 1.7B | 14.6B | 9.5B | 2.6B | 5.1B | |
| Total Other Income Expense Net | (3.4B) | (2.1B) | 1.9B | 1.4B | (15.1B) | (14.4B) | |
| Net Income | (3.7B) | 1.3B | 11.0B | 7.0B | 2.6B | 3.9B | |
| Income Tax Expense | (1.3B) | 146M | 3.2B | 2.2B | 2.0B | 2.1B | |
| Selling General Administrative | 1.5B | 1.7B | 8.8B | 2.5B | 2.8B | 2.5B | |
| Research Development | 48M | 47M | 42M | 27M | 24.3M | 41.1M | |
| Net Income Applicable To Common Shares | 3.1B | (4.0B) | 1.3B | 11.0B | 12.7B | 13.3B | |
| 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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When running Phillips' price analysis, check to measure Phillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Phillips is operating at the current time. Most of Phillips' value examination focuses on studying past and present price action to predict the probability of Phillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phillips' price. Additionally, you may evaluate how the addition of Phillips to your portfolios can decrease your overall portfolio volatility.