Financial Statements

Phillips 66 (PSX)

$96.77

+1.69 (+1.78%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 16,50022,06420,48916,306-
Net Income 1,315-3,9753,0765,5955,106
Stock Dividends -14-14692412,595
Dividend Paid -1,585-1,575-1,570-1,436-1,395
Retained Earnings 16,21616,50022,06420,48916,306

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 23,71623,78622,01821,460-
Annual Depreciation 5792,8505,6413,19723,292
Capital Expenditure -1,860-2,920-3,873-2,639-1,832
Net PPE 22,43523,71623,78622,01821,460

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -3,2703,2703,2701,425
New Purchases -----
Intangible and Goodwill 3,2703,2703,2701,4251,484

Phillips 66 income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Phillips 66 FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.