Millions of Dollars | |||||||||||
Year Ended December 31, 2013 | |||||||||||
Statement of Income | Phillips 66 | Phillips 66 Company | All Other Subsidiaries | Consolidating Adjustments | Total Consolidated | ||||||
Revenues and Other Income | |||||||||||
Sales and other operating revenues | $ | — | 113,499 | 58,097 | — | 171,596 | |||||
Equity in earnings of affiliates | 3,905 | 3,723 | 509 | (5,064 | ) | 3,073 | |||||
Net gain on dispositions | — | 50 | 5 | — | 55 | ||||||
Other income (loss) | (3 | ) | 53 | 35 | — | 85 | |||||
Intercompany revenues | — | 1,436 | 20,316 | (21,752 | ) | — | |||||
Total Revenues and Other Income | 3,902 | 118,761 | 78,962 | (26,816 | ) | 174,809 | |||||
Costs and Expenses | |||||||||||
Purchased crude oil and products | — | 102,781 | 66,745 | (21,281 | ) | 148,245 | |||||
Operating expenses | — | 3,442 | 790 | (26 | ) | 4,206 | |||||
Selling, general and administrative expenses | 6 | 1,024 | 541 | (93 | ) | 1,478 | |||||
Depreciation and amortization | — | 730 | 217 | — | 947 | ||||||
Impairments | — | — | 29 | — | 29 | ||||||
Taxes other than income taxes | — | 5,148 | 8,972 | (1 | ) | 14,119 | |||||
Accretion on discounted liabilities | — | 19 | 5 | — | 24 | ||||||
Interest and debt expense | 266 | 13 | 347 | (351 | ) | 275 | |||||
Foreign currency transaction gains | — | — | (40 | ) | — | (40 | ) | ||||
Total Costs and Expenses | 272 | 113,157 | 77,606 | (21,752 | ) | 169,283 | |||||
Income from continuing operations before income taxes | 3,630 | 5,604 | 1,356 | (5,064 | ) | 5,526 | |||||
Provision (benefit) for income taxes | (96 | ) | 1,699 | 241 | — | 1,844 | |||||
Income From Continuing Operations | 3,726 | 3,905 | 1,115 | (5,064 | ) | 3,682 | |||||
Income from discontinued operations* | — | — | 61 | — | 61 | ||||||
Net income | 3,726 | 3,905 | 1,176 | (5,064 | ) | 3,743 | |||||
Less: net income attributable to noncontrolling interests | — | — | 17 | — | 17 | ||||||
Net Income Attributable to Phillips 66 | $ | 3,726 | 3,905 | 1,159 | (5,064 | ) | 3,726 | ||||
Comprehensive Income | $ | 4,077 | 4,256 | 1,199 | (5,438 | ) | 4,094 | ||||
*Net of provision for income taxes on discontinued operations: | $ | — | — | 34 | — | 34 | |||||
Millions of Dollars | |||||||||||
Year Ended December 31, 2012 | |||||||||||
Statement of Income | Phillips 66 | Phillips 66 Company | All Other Subsidiaries | Consolidating Adjustments | Total Consolidated | ||||||
Revenues and Other Income | |||||||||||
Sales and other operating revenues | $ | — | 117,574 | 61,716 | — | 179,290 | |||||
Equity in earnings of affiliates | 4,284 | 3,269 | 445 | (4,864 | ) | 3,134 | |||||
Net gain on dispositions | — | 192 | 1 | — | 193 | ||||||
Other income (loss) | 2 | (15 | ) | 148 | — | 135 | |||||
Intercompany revenues | 1 | 2,739 | 23,346 | (26,086 | ) | — | |||||
Total Revenues and Other Income | 4,287 | 123,759 | 85,656 | (30,950 | ) | 182,752 | |||||
Costs and Expenses | |||||||||||
Purchased crude oil and products | — | 106,687 | 73,715 | (25,989 | ) | 154,413 | |||||
Operating expenses | — | 3,329 | 760 | (56 | ) | 4,033 | |||||
Selling, general and administrative expenses | 4 | 1,312 | 428 | (41 | ) | 1,703 | |||||
Depreciation and amortization | — | 668 | 238 | — | 906 | ||||||
Impairments | — | 71 | 1,087 | — | 1,158 | ||||||
Taxes other than income taxes | — | 5,155 | 8,586 | (1 | ) | 13,740 | |||||
Accretion on discounted liabilities | — | 18 | 7 | — | 25 | ||||||
Interest and debt expense | 212 | 29 | 4 | 1 | 246 | ||||||
Foreign currency transaction gains | — | — | (28 | ) | — | (28 | ) | ||||
Total Costs and Expenses | 216 | 117,269 | 84,797 | (26,086 | ) | 176,196 | |||||
Income from continuing operations before income taxes | 4,071 | 6,490 | 859 | (4,864 | ) | 6,556 | |||||
Provision (benefit) for income taxes | (53 | ) | 2,206 | 320 | — | 2,473 | |||||
Income From Continuing Operations | 4,124 | 4,284 | 539 | (4,864 | ) | 4,083 | |||||
Income from discontinued operations* | — | — | 48 | — | 48 | ||||||
Net income | 4,124 | 4,284 | 587 | (4,864 | ) | 4,131 | |||||
Less: net income attributable to noncontrolling interests | — | — | 7 | — | 7 | ||||||
Net Income Attributable to Phillips 66 | $ | 4,124 | 4,284 | 580 | (4,864 | ) | 4,124 | ||||
Comprehensive Income | $ | 4,228 | 4,388 | 623 | (5,004 | ) | 4,235 | ||||
*Net of provision for income taxes on discontinued operations: | $ | — | — | 27 | — | 27 | |||||
Millions of Dollars | |||||||||||
Year Ended December 31, 2011 | |||||||||||
Statement of Income | Phillips 66 | Phillips 66 Company | All Other Subsidiaries | Consolidating Adjustments | Total Consolidated | ||||||
Revenues and Other Income | |||||||||||
Sales and other operating revenues | $ | — | 131,761 | 64,170 | — | 195,931 | |||||
Equity in earnings of affiliates | 4,775 | 2,835 | 723 | (5,490 | ) | 2,843 | |||||
Net gain (loss) on dispositions | — | 1,867 | (229 | ) | — | 1,638 | |||||
Other income | — | 10 | 35 | — | 45 | ||||||
Intercompany revenues | — | 4,887 | 27,249 | (32,136 | ) | — | |||||
Total Revenues and Other Income | 4,775 | 141,360 | 91,948 | (37,626 | ) | 200,457 | |||||
Costs and Expenses | |||||||||||
Purchased crude oil and products | — | 124,772 | 80,088 | (32,092 | ) | 172,768 | |||||
Operating expenses | — | 3,278 | 837 | (44 | ) | 4,071 | |||||
Selling, general and administrative expenses | — | 995 | 399 | — | 1,394 | ||||||
Depreciation and amortization | — | 655 | 247 | — | 902 | ||||||
Impairments | — | 468 | 4 | — | 472 | ||||||
Taxes other than income taxes | — | 4,801 | 9,486 | — | 14,287 | ||||||
Accretion on discounted liabilities | — | 13 | 8 | — | 21 | ||||||
Interest and debt expense | — | 16 | 1 | — | 17 | ||||||
Foreign currency transaction gains | — | (1 | ) | (33 | ) | — | (34 | ) | |||
Total Costs and Expenses | — | 134,997 | 91,037 | (32,136 | ) | 193,898 | |||||
Income from continuing operations before income taxes | 4,775 | 6,363 | 911 | (5,490 | ) | 6,559 | |||||
Provision for income taxes | — | 1,588 | 234 | — | 1,822 | ||||||
Income From Continuing Operations | 4,775 | 4,775 | 677 | (5,490 | ) | 4,737 | |||||
Income from discontinued operations* | — | — | 43 | — | 43 | ||||||
Net income | 4,775 | 4,775 | 720 | (5,490 | ) | 4,780 | |||||
Less: net income attributable to noncontrolling interests | — | — | 5 | — | 5 | ||||||
Net Income Attributable to Phillips 66 | $ | 4,775 | 4,775 | 715 | (5,490 | ) | 4,775 | ||||
Comprehensive Income | $ | 4,683 | 4,683 | 747 | (5,425 | ) | 4,688 | ||||
*Net of provision for income taxes on discontinued operations: | $ | — | — | 22 | — | 22 | |||||