Plains All American Pipeline, L.P. Financial Ratios — PAA

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	14.91	13.06	13.51	11.21	3.88	2.48	7.13	17.58	15.74	-24.61	4.04	8.35	9.58	5.13	11.97
Return on Assets (%)	6.64	6.32	6.87	6.5	4.06	3.12	3.45	8.71	8.01	-9.74	2.23	3.67	4.45	2.86	4.91
Return on Capital (%)	10.87	10.39	10.79	10.04	6.88	5.87	6.45	12.41	11.55	- -	4.3	5.38	6.05	3.86	7.07
Return on Invested Capital (%)	11.44	10.57	10.79	9.5	6.06	4.71	6.27	10.95	10.12	- -	7.25	8.29	7.39	6.85	8.96
Gross Margin (%)	4.64	4.67	4.96	4.89	6.65	6.21	5.87	7.28	6.87	4.85	4.12	3.29	2.97	2.77	3.89
EBITDA Margin (%)	4.51	5.05	4.98	5.02	7.32	7.37	6.78	7.88	7.77	6.49	5.27	4.41	4.26	3.94	5.27
Operating Margin (%)	3.79	3.77	4.11	4.14	5.45	4.83	4.81	6.35	5.99	3.69	3.43	2.72	2.34	2.1	3.12
Incremental Operating Margin (%)	6.34	3.61	7.03	5.02	2.64	9.7	4.77	11.5	38.08	11.15	3.11	0.77	4.55	-5.09	-7.63
Pretax Margin (%)	3.03	3.12	3.53	3.58	4.35	3.74	3.44	7.09	6.67	-11.16	1.71	2.47	2.9	1.98	3.17
Profit Margin (%)	2.82	2.89	3.22	3.18	3.9	3.6	3.26	6.51	6.45	-11.12	1.41	1.81	2.6	1.58	3.14
Net Income to Common Margin (%)	2.13	2.09	2.28	2.03	1.34	1.02	2.68	5.93	5.86	-11.97	0.94	1.46	2.07	1.06	2.66
Effective Tax Rate (%)	4.33	4.57	6.64	10.98	9.94	3.31	4.88	8.2	2.94	- -	10.12	13.34	4.45	8.98	1.07
Dvd Payout Ratio (%)	43.13	44.33	38.54	48.87	154.26	253.27	175.11	41.33	50.43	-23.66	102.38	47.7	55.51	91.96	71.74
Sustainable Growth Rate (%)	8.48	7.27	8.31	5.73	-2.11	-3.79	-5.36	10.31	7.8	-30.44	-0.1	4.37	4.26	0.41	3.38

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	5,199	7,406	7,828	9,991	11,374	11,839	9,920	9,209	10,172	10,608	9,636	8,754	8,025	7,810	11,461
ST Debt	679	1,086	1,113	1,287	999	1,715	737	66	598	909	899	1,159	446	407	563
LT Debt	4,520	6,320	6,715	8,704	10,375	10,124	9,183	9,143	9,574	9,699	8,737	7,595	7,579	7,403	10,898
Total Debt/EBITDA	3.36	3.88	3.72	4.58	6.71	7.96	5.58	3.43	3.89	7.02	4.35	3.47	3.98	4.05	4.91
Net Debt/EBITDA	3.34	3.87	3.7	4.39	6.7	7.92	5.56	3.41	3.66	6.69	3.96	3.18	3.62	3.77	4.69
Total Debt/EBIT	4.01	5.2	4.5	5.55	9.01	12.16	7.86	4.26	5.05	12.35	6.68	5.61	7.26	7.6	8.31
Net Debt/EBIT	3.99	5.18	4.48	5.33	8.99	12.11	7.83	4.23	4.75	11.78	6.08	5.15	6.6	7.08	7.92
EBITDA to Interest Expense	6.11	6.62	6.72	6.27	3.92	3.19	3.49	6.23	6.16	3.47	5.22	6.24	5.22	4.48	4.21
EBITDA-CapEx/Interest Expense	3.6	2.44	1.57	0.72	-0.89	0.33	1.48	2.43	3.38	1.78	4.43	5.11	4.16	3.44	3.05
EBIT to Interest Expense	5.13	4.95	5.55	5.17	2.92	2.09	2.47	5.02	4.74	1.97	3.4	3.85	2.87	2.39	2.49
Interest Expense	253	288	313	348	432	467	510	431	425	436	425	405	386	430	554
Common Equity/Total Assets	35.43	34.5	37.54	36.64	35.36	36.18	43.23	47.05	45.55	39.16	34.86	36.06	38.1	36.94	32.6
Long-Term Debt/Equity (%)	75.66	88.44	87.17	106.26	130.68	114.84	83.8	76.18	72.56	99.6	68.2	57	55.19	56.53	83.32
Long-Term Debt/Capital (%)	40.45	43.43	43.24	47.87	53.72	49.01	43.98	43.1	40.97	47.67	38.92	34.4	34.83	35.41	44.41
Long-Term Debt/Total Assets (%)	29.39	32.86	32.98	39.21	46.55	41.82	36.22	35.84	33.39	39.59	30.54	27.23	27.71	27.87	36.12
Total Debt/Equity (%)	87.03	103.64	101.62	121.98	143.27	134.29	90.53	76.73	77.09	108.93	75.22	65.7	58.44	59.64	87.62
Total Debt/Capital (%)	46.53	50.89	50.4	54.95	58.89	57.32	47.51	43.42	43.53	52.14	42.93	39.65	36.88	37.36	46.7
Total Debt/Total Assets (%)	33.8	38.5	38.45	45.01	51.03	48.9	39.13	36.1	35.47	43.3	33.68	31.39	29.34	29.4	37.99
Net Debt to Equity	86.59	103.3	101.09	117.06	142.93	133.76	90.19	76.18	72.6	103.93	68.47	60.38	53.17	55.51	83.57
Net Debt/Capital (%)	46.41	50.81	50.27	53.93	58.84	57.22	47.42	43.24	41.07	49.8	39.87	37.11	34.27	35.36	45.15
EBITDA	1,547	1,907	2,103	2,183	1,694	1,488	1,779	2,683	2,617	1,512	2,217	2,526	2,015	1,928	2,333
EBITDA-CapEx	912	703	490	251	-385	154	755	1,049	1,436	774	1,881	2,071	1,607	1,480	1,690
Operating Income (Loss)	1,298	1,425	1,738	1,799	1,262	974	1,262	2,163	2,016	859	1,443	1,561	1,106	1,027	1,380

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.01	- -	0.01	0.08	0.01	0.01	0.01	0.02	0.01	0.01	0.07	0.07	0.09	0.07	0.07
Current Ratio	0.96	0.99	0.92	0.88	0.87	0.92	0.88	1.02	0.92	0.86	0.98	0.91	0.98	0.97	0.96
Quick Ratio	0.71	0.69	0.68	0.63	0.53	0.5	0.68	0.73	0.73	0.61	0.83	0.73	0.84	0.81	0.8
CFO/Avg Current Liab	0.54	0.26	0.37	0.39	0.33	0.18	0.54	0.65	0.59	0.33	0.38	0.4	0.5	0.5	0.59
Common Equity/Total Assets	35.43	34.5	37.54	36.64	35.36	36.18	43.23	47.05	45.55	39.16	34.86	36.06	38.1	36.94	32.6
Long-Term Debt/Equity (%)	75.66	88.44	87.17	106.26	130.68	114.84	83.8	76.18	72.56	99.6	68.2	57	55.19	56.53	83.32
Long-Term Debt/Capital (%)	40.45	43.43	43.24	47.87	53.72	49.01	43.98	43.1	40.97	47.67	38.92	34.4	34.83	35.41	44.41
Long-Term Debt/Total Assets (%)	29.39	32.86	32.98	39.21	46.55	41.82	36.22	35.84	33.39	39.59	30.54	27.23	27.71	27.87	36.12
Total Debt/Equity (%)	87.03	103.64	101.62	121.98	143.27	134.29	90.53	76.73	77.09	108.93	75.22	65.7	58.44	59.64	87.62
Total Debt/Capital (%)	46.53	50.89	50.4	54.95	58.89	57.32	47.51	43.42	43.53	52.14	42.93	39.65	36.88	37.36	46.7
Total Debt/Total Assets (%)	33.8	38.5	38.45	45.01	51.03	48.9	39.13	36.1	35.47	43.3	33.68	31.39	29.34	29.4	37.99
CFO/Total Liabilities	25.14	10.26	15.44	14.31	9.46	4.76	17.36	19.31	16.17	10.26	12.63	16.53	20.02	18.49	17.18
CFO/CapEx	3.72	1.03	1.21	1.04	0.65	0.55	2.44	1.6	2.12	2.05	5.94	5.29	6.68	5.56	4.57
Altman's Z-Score	3.66	3.37	3.6	3.34	1.75	1.9	1.98	2.5	2.09	1.31	2	2.74	2.46	2.63	2.15

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	11.55	11.19	11.73	13.9	10.52	9.93	9.88	12.42	11.1	7.55	11.59	13.32	12.35	13.14	12.16
Days Sales Outstanding	31.61	32.61	31.11	26.26	34.68	36.75	36.94	29.38	32.89	48.32	31.48	27.41	29.56	27.77	30
Inventory Turnover	26.47	32.95	35.31	42.27	23.92	16.76	24.01	46.68	50.41	35.43	56.42	73.35	71.94	117.51	180.25
Days Inventory Outstanding	13.79	11.08	10.34	8.63	15.26	21.78	15.2	7.82	7.24	10.3	6.47	4.98	5.07	3.11	2.02
Accounts Payable Turnover	10.15	9.77	10.25	11.81	8.61	8.37	8.14	10.45	9.8	7.25	11.17	12.51	11.6	12.61	11.96
Accounts Payable Turnover Days	35.95	37.35	35.6	30.9	42.38	43.62	44.85	34.92	37.23	50.33	32.67	29.17	31.47	28.94	30.51
Cash Conversion Cycle	9.44	6.33	5.84	4	7.57	14.91	7.3	2.29	2.9	8.3	5.28	3.22	3.17	1.94	1.52
Inventory to Cash Days	17.82	21.53	20.77	17.62	19.42	14.97	21.74	21.56	25.65	38.02	25.01	22.43	24.49	24.66	27.98
Inventories	978	1,209	1,065	891	916	1,343	713	640	604	647	783	729	548	261	211
Raw Materials	972	1,185	1,042	860	879	1,323	696	629	592	640	778	722	537	247	193
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	483	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	-477	24	23	31	37	20	17	11	12	7	5	7	11	14	18

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	11,414	15,168	18,592	19,251	9,188	21,608	14,968	14,556	13,388	5,952	6,585	8,213	10,620	12,020	12,671
- Cash & Cash Equivalents	26	24	41	403	27	47	37	66	45	22	449	401	450	348	328
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	524	509	59	58	58	57	- -	- -	133	145	2,838	3,268	3,310	3,283	3,244
+ Total Debt	5,199	7,406	7,828	9,991	11,374	11,839	9,920	9,209	10,172	10,608	9,636	8,754	8,025	7,810	11,461
Enterprise Value	17,111	23,059	26,438	28,897	20,593	33,457	24,851	23,699	23,648	16,683	18,610	19,834	21,505	22,765	27,048
Total Capital	11,173	14,552	15,531	18,182	19,313	20,655	20,878	21,211	23,367	20,346	22,446	22,079	21,757	20,906	24,541
Total Debt/Capital (%)	46.53	50.89	50.4	54.95	58.89	57.32	47.51	43.42	43.53	52.14	42.93	39.65	36.88	37.36	46.7
Total Debt / EV	0.3	0.32	0.3	0.35	0.55	0.35	0.4	0.39	0.43	0.64	0.52	0.44	0.37	0.34	0.42
EV/Sales	0.5	0.61	0.63	0.66	0.89	1.66	0.95	0.7	0.7	0.72	0.44	0.35	0.45	0.47	0.61
EV/EBITDA	11.06	12.09	12.57	13.24	12.16	22.48	13.97	8.83	9.04	11.03	8.39	7.85	10.67	11.81	11.59
EV/EBIT	13.18	16.18	15.21	16.06	16.32	34.35	19.69	10.96	11.73	19.42	12.9	12.71	19.44	22.17	19.6
EV/Cash Flow to Firm	6.56	15.22	11.77	12.49	11.79	28.25	8.33	7.89	8.11	8.57	7.83	7.19	6.95	7.9	7.76
EV/Free Cash Flow to Firm	5.28	8.48	6.85	6.81	5.38	13.28	6.2	5.11	5.77	6.21	6.86	6.17	6.14	6.84	6.55
Diluted Market Cap	10,982	14,839	17,757	18,937	9,148	15,047	14,820	16,012	14,712	5,999	6,687	8,244	10,590	11,990	12,644
Diluted Enterprise Value	16,679	22,730	25,603	28,583	20,553	26,896	24,703	25,155	24,972	16,730	18,712	19,865	21,475	22,735	27,021
EV per Share	55.06	68.78	73.62	77.04	51.78	50	34.27	32.63	32.48	23.1	26.4	28.4	30.68	32.35	38.34
TTM Sales	34,275	37,797	42,249	43,464	23,152	20,182	26,223	34,055	33,669	23,290	42,078	57,342	47,336	48,889	44,262
TTM EBITDA	1,547	1,907	2,103	2,183	1,694	1,488	1,779	2,683	2,617	1,512	2,217	2,526	2,015	1,928	2,333
TTM Operating Income	1,298	1,425	1,738	1,799	1,262	974	1,262	2,163	2,016	859	1,443	1,561	1,106	1,027	1,380
TTM Cash Flow to Firm	2,607	1,515	2,246	2,314	1,747	1,185	2,984	3,004	2,917	1,947	2,378	2,759	3,096	2,881	3,484
TTM Free Cash Flow to Firm	3,242	2,719	3,859	4,246	3,826	2,519	4,008	4,638	4,098	2,685	2,714	3,214	3,504	3,329	4,127

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	3.66	6.07	4.98	4.81	2.66	7.28	4.21	3.77	3.99	2.66	2.87	2.88	3.38	4.08	3.53
EV/EBIT	13.18	16.18	15.21	16.06	16.32	34.35	19.69	10.96	11.73	19.42	12.9	12.71	19.44	22.17	19.6
Enterprise Value	17,111	23,059	26,438	28,897	20,593	33,457	24,851	23,699	23,648	16,683	18,610	19,834	21,505	22,765	27,048
Low Price	27.45	34.74	45.95	43.61	17.83	14.82	18.38	19.34	16.77	3	8.07	9.1	11.28	15.03	15.58
EV/Sales	0.5	0.61	0.63	0.66	0.89	1.66	0.95	0.7	0.7	0.72	0.44	0.35	0.45	0.47	0.61
EV/EBITDA	11.06	12.09	12.57	13.24	12.16	22.48	13.97	8.83	9.04	11.03	8.39	7.85	10.67	11.81	11.59
Price/Earnings	14.94	18.63	18.29	21.31	29.26	72.73	21.05	7.21	6.78	- -	16.93	9.86	10.79	23.1	10.75
Price/Earnings Average	12.86	17.25	18.89	22.96	50.84	59.46	26.19	8.46	8.14	-2.43	17.86	9.34	9.97	23.32	10.78
Price/Earnings High	14.96	19.42	21.03	25.36	66.76	76.47	33.9	9.97	9.31	-5.06	22.44	10.69	11.44	25.93	12.57
Price/Earnings Low	11.17	14.31	16.24	18.11	22.59	33.38	18.75	6.96	6.18	-0.78	14.63	7.63	8.04	20.33	9.33
Price/Book Value	2.09	2.29	2.43	2.37	1.17	2.47	1.37	1.21	1.02	0.62	0.66	0.82	1.02	1.22	1.29
Price/Book Value Average	1.8	2.12	2.51	2.55	2.03	2.02	1.7	1.42	1.23	0.7	0.7	0.77	0.94	1.24	1.29
Price/Book Value High	2.1	2.38	2.8	2.82	2.66	2.59	2.2	1.68	1.41	1.46	0.88	0.89	1.08	1.37	1.51
Price/Book Value Low	1.57	1.75	2.16	2.01	0.9	1.13	1.22	1.17	0.93	0.23	0.57	0.63	0.76	1.08	1.12
Price/Tangible Book Value	3.61	4.18	3.94	3.62	1.77	3.5	1.98	1.67	1.36	0.68	0.82	1.04	1.24	1.48	1.57
Price/Tangible Book Value Average	3.1	3.87	4.07	3.9	3.07	2.86	2.47	1.96	1.64	0.76	0.87	0.98	1.15	1.49	1.57
Price/Tangible Book Value High	3.61	4.36	4.53	4.3	4.04	3.68	3.19	2.31	1.87	1.59	1.09	1.13	1.32	1.66	1.83
Price/Tangible Book Value Low	2.69	3.21	3.5	3.07	1.37	1.61	1.77	1.61	1.24	0.25	0.71	0.8	0.93	1.3	1.36
Price/Sales	0.32	0.39	0.42	0.43	0.39	0.74	0.56	0.43	0.4	0.26	0.16	0.14	0.22	0.25	0.29
Price/Sales Average	0.27	0.36	0.43	0.47	0.68	0.61	0.7	0.5	0.48	0.29	0.17	0.14	0.21	0.25	0.29
Price/Sales High	0.32	0.41	0.48	0.52	0.9	0.78	0.91	0.59	0.55	0.61	0.21	0.16	0.24	0.28	0.33
Price/Sales Low	0.24	0.3	0.37	0.37	0.3	0.34	0.5	0.41	0.36	0.09	0.14	0.11	0.17	0.22	0.25
Price/Cash Flow	4.61	11.86	9.03	9.4	6.7	20.44	5.92	5.58	5.34	3.96	3.35	3.42	3.88	4.82	4.31
Price/Cash Flow Average	3.97	10.98	9.33	10.13	11.64	16.71	7.37	6.55	6.42	4.47	3.54	3.24	3.59	4.86	4.32
Price/Cash Flow High	4.62	12.36	10.39	11.19	15.29	21.49	9.54	7.71	7.34	9.32	4.44	3.71	4.11	5.4	5.04
Price/Cash Flow Low	3.45	9.11	8.02	7.99	5.17	9.38	5.27	5.38	4.87	1.44	2.89	2.65	2.89	4.24	3.74
Price/Free Cash Flow Average	3.15	5.62	5.14	5.19	4.62	5.95	5.23	4.43	4.8	3	3.03	2.73	3.12	4.12	3.54
Price/Free Cash Flow High	3.67	6.33	5.72	5.73	6.07	7.65	6.77	5.22	5.49	6.27	3.8	3.12	3.58	4.58	4.13
Price/Free Cash Flow Low	2.74	4.66	4.42	4.09	2.05	3.34	3.75	3.64	3.64	0.97	2.48	2.23	2.52	3.59	3.06
EV/Sales Average	0.45	0.58	0.64	0.7	1.18	1.46	1.09	0.77	0.78	0.75	0.45	0.34	0.44	0.47	0.61
EV/Sales High	0.5	0.63	0.69	0.75	1.4	1.71	1.3	0.86	0.85	1.06	0.49	0.36	0.47	0.5	0.66
EV/Sales Low	0.42	0.52	0.58	0.6	0.8	1.08	0.89	0.68	0.67	0.55	0.42	0.31	0.4	0.44	0.57
EV/EBITDA Average	10.03	11.5	12.86	13.92	16.15	19.84	16.02	9.78	10.07	11.53	8.56	7.68	10.27	11.87	11.61
EV/EBITDA High	11.07	12.43	13.9	14.92	19.11	23.23	19.11	10.91	10.95	16.36	9.36	8.13	10.99	12.57	12.51
EV/EBITDA Low	9.2	10.25	11.58	11.91	10.92	14.63	13.05	8.64	8.59	8.53	7.99	7.12	9.33	11.06	10.87
EV/EBIT Average	11.96	15.39	15.56	16.89	21.68	30.3	22.59	12.13	13.07	20.3	13.15	12.43	18.71	22.28	19.62
EV/EBIT High	13.19	16.63	16.81	18.1	25.65	35.49	26.93	13.53	14.21	28.8	14.38	13.15	20.01	23.6	21.15
EV/EBIT Low	10.96	13.71	14.01	14.45	14.66	22.35	18.39	10.72	11.15	15.02	12.28	11.52	16.99	20.76	18.38
Last Price	36.73	45.24	51.77	51.32	23.1	32.29	20.64	20.04	18.39	8.24	9.34	11.76	15.15	17.08	17.96
High Price	36.78	47.14	59.52	61.09	52.7	33.95	33.24	27.7	25.27	19.39	12.38	12.75	16.05	19.17	21
Enterprise Value Average	15,522	21,933	27,049	30,394	27,365	29,516	28,505	26,232	26,347	17,441	18,973	19,404	20,697	22,877	27,079
Enterprise Value High	17,127	23,696	29,222	32,561	32,365	34,568	33,988	29,263	28,657	24,738	20,753	20,525	22,136	24,236	29,193
Enterprise Value Low	14,227	19,539	24,348	26,004	18,496	21,766	23,212	23,191	22,469	12,898	17,714	17,976	18,792	21,323	25,369

Shares Outstanding	311	335	359	375	398	669	725	726	728	722	705	698	701	704	706
Diluted Weighted Avg Shares	299	328	343	369	396	466	718	799	800	728	716	701	699	702	704
Basic Weighted Avg Shares	297	325	341	367	394	464	717	726	727	728	716	701	699	702	704
Revenue per Share	115.4	116.3	123.9	118.43	58.76	43.5	36.57	46.91	46.31	31.99	58.77	81.8	67.72	69.64	62.87
EBITDA per Share	5.21	5.87	6.17	5.95	4.3	3.21	2.48	3.7	3.6	2.08	3.1	3.6	2.88	2.75	3.31
Operating Income per Share	4.37	4.38	5.1	4.9	3.2	2.1	1.76	2.98	2.77	1.18	2.02	2.23	1.58	1.46	1.96
Basic EPS, GAAP	2.46	2.43	2.83	2.41	0.79	0.44	0.98	2.78	2.71	-3.83	0.55	1.19	1.4	0.74	1.67
Basic EPS from Cont Ops	3.35	3.47	4.08	3.78	2.3	1.57	1.2	3.05	3	-3.54	0.91	1.75	1.87	1.26	1.97
Diluted EPS, GAAP	2.44	2.41	2.81	2.4	0.79	0.44	0.98	2.53	2.47	-3.83	0.55	1.19	1.4	0.74	1.67
Diluted EPS from Cont Ops	3.32	3.44	4.06	3.76	2.29	1.57	1.19	2.77	2.72	-3.54	0.91	1.75	1.87	1.26	1.97
Dividend per Share	1.94	2.1	2.32	2.54	2.74	2.29	1.94	1.42	1.65	1.17	1	1.12	1.41	1.63	1.84
Cash Flow per Share	7.96	3.82	5.73	5.46	3.45	1.58	3.49	3.59	3.44	2.08	2.79	3.44	3.9	3.55	4.17
Free Cash Flow per Basic Share	5.82	0.11	1	0.2	-1.83	-1.3	2.06	1.34	1.82	1.07	2.32	2.79	3.32	2.91	3.26
Cash & Equivalents per Share	0.08	0.07	0.11	1.07	0.07	0.07	0.05	0.09	0.06	0.03	0.64	0.57	0.64	0.49	0.46
Book Value per Share	17.54	19.8	21.28	21.68	19.82	13.09	15.11	16.52	17.94	13.28	14.14	14.4	14.87	13.94	13.94
Tangible Book Value per Share	10.19	10.82	13.15	14.19	13.06	9.22	10.41	11.99	13.48	12.17	11.36	11.33	12.19	11.56	11.46

Plains All American Pipeline, L.P.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)