Stock Analysis on Net
Stock Analysis on Net

Phillips 66 (NYSE:PSX)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 21, 2020.

Adjustments to Financial Statements

Microsoft Excel

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Adjustments to Current Assets

Phillips 66, adjusted current assets

US$ in millions

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Current assets
Adjustments
Add: Allowances
Add: Estimated excess of current replacement cost over LIFO cost of inventories1
After Adjustment
Adjusted current assets

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 Estimated excess of current replacement cost over LIFO cost of inventories. See details »

Adjustments to Total Assets

Phillips 66, adjusted total assets

US$ in millions

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowances
Add: Estimated excess of current replacement cost over LIFO cost of inventories2
Less: Deferred tax assets (included in Other assets)3
After Adjustment
Adjusted total assets

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Estimated excess of current replacement cost over LIFO cost of inventories. See details »

3 Deferred tax assets (included in Other assets). See details »

Adjustments to Total Liabilities

Phillips 66, adjusted total liabilities

US$ in millions

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Deferred tax liabilities2
After Adjustment
Adjusted total liabilities

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred tax liabilities. See details »

Adjustments to Stockholders’ Equity

Phillips 66, adjusted stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Stockholders’ equity
Adjustments
Less: Net deferred tax assets (liabilities)1
Add: Allowances
Add: Estimated excess of current replacement cost over LIFO cost of inventories2
Add: Noncontrolling interests
After Adjustment
Adjusted total equity

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 Net deferred tax assets (liabilities). See details »

2 Estimated excess of current replacement cost over LIFO cost of inventories. See details »

Adjustments to Capitalization Table

Phillips 66, adjusted capitalization table

US$ in millions

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Short-term debt
Long-term debt
Total reported debt
Stockholders’ equity
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Operating lease liabilities (included in Other accruals)2
Add: Operating lease liabilities (included in Other liabilities and deferred credits)3
Adjusted total debt
Adjustments to Equity
Less: Net deferred tax assets (liabilities)4
Add: Allowances
Add: Estimated excess of current replacement cost over LIFO cost of inventories5
Add: Noncontrolling interests
Adjusted total equity
After Adjustment
Adjusted total capital

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Operating lease liabilities (included in Other accruals). See details »

3 Operating lease liabilities (included in Other liabilities and deferred credits). See details »

4 Net deferred tax assets (liabilities). See details »

5 Estimated excess of current replacement cost over LIFO cost of inventories. See details »

Adjustments to Reported Income

Phillips 66, adjusted net income attributable to Phillips 66

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Net income attributable to Phillips 66
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in allowances
Add: Increase (decrease) in LIFO reserve2
Add: Other comprehensive income (loss), net of income taxes
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest
After Adjustment
Adjusted net income

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 Deferred income tax expense (benefit). See details »

2 Increase (decrease) in LIFO reserve. See details »