Phillips Income Statement Research

PSX Stock

USD 157.79 1.05 0.66%

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 Phillips Valuation and Phillips Correlation analysis.

At this time, Phillips' Interest Expense is fairly stable compared to the past year. Gross Profit is likely to rise to about 13.7 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 1.4 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	605M	642M	928M	974.4M
Depreciation And Amortization	1.6B	1.6B	2.0B	1.4B

Interest Expense Depreciation And Amortization

Phillips income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Minority Interest	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Discontinued Operations	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.84	-0.23	-0.63	-0.27	0.53	0.26	0.35	-0.14	-0.77	0.24	-0.35	0.28	0.01	0.43	-0.37	0.07	0.25	-0.01	0.46	0.7	-0.03	-0.1	-0.86	0.85
Interest Expense	0.84		-0.27	-0.5	-0.3	0.45	0.27	0.35	-0.2	-0.76	0.23	-0.25	0.26	0.15	0.34	-0.43	0.0	0.21	-0.13	0.59	0.58	0.07	-0.23	-0.9	0.81
Total Revenue	-0.23	-0.27		0.5	1.0	0.48	0.67	0.62	0.99	0.27	0.66	0.6	0.6	0.67	0.28	-0.05	-0.43	0.53	-0.3	0.4	-0.53	0.61	0.48	0.15	0.06
Gross Profit	-0.63	-0.5	0.5		0.51	0.02	0.31	0.24	0.37	0.87	0.39	0.8	0.4	0.33	0.02	0.25	-0.43	0.34	-0.56	-0.12	-0.36	0.28	0.19	0.63	-0.46
Other Operating Expenses	-0.27	-0.3	1.0	0.51		0.43	0.62	0.58	0.99	0.29	0.62	0.59	0.56	0.64	0.24	-0.05	-0.42	0.49	-0.27	0.38	-0.56	0.58	0.49	0.18	0.03
Operating Income	0.53	0.45	0.48	0.02	0.43		0.92	0.95	0.51	-0.38	0.89	0.26	0.86	0.71	0.8	-0.15	-0.28	0.81	-0.41	0.61	0.27	0.63	0.29	-0.53	0.56
Ebit	0.26	0.27	0.67	0.31	0.62	0.92		1.0	0.66	-0.12	0.97	0.55	0.93	0.81	0.67	-0.07	-0.41	0.85	-0.56	0.56	0.05	0.7	0.28	-0.29	0.35
Ebitda	0.35	0.35	0.62	0.24	0.58	0.95	1.0		0.63	-0.2	0.96	0.5	0.93	0.78	0.69	-0.11	-0.39	0.85	-0.54	0.58	0.12	0.67	0.26	-0.37	0.42
Cost Of Revenue	-0.14	-0.2	0.99	0.37	0.99	0.51	0.66	0.63		0.14	0.64	0.51	0.58	0.66	0.29	-0.1	-0.39	0.51	-0.23	0.46	-0.5	0.6	0.48	0.05	0.14
Total Operating Expenses	-0.77	-0.76	0.27	0.87	0.29	-0.38	-0.12	-0.2	0.14		-0.05	0.53	-0.02	-0.09	-0.27	0.32	-0.2	-0.06	-0.24	-0.52	-0.38	-0.1	0.17	0.87	-0.72
Income Before Tax	0.24	0.23	0.66	0.39	0.62	0.89	0.97	0.96	0.64	-0.05		0.67	0.98	0.81	0.66	-0.11	-0.53	0.93	-0.7	0.6	0.03	0.75	0.27	-0.25	0.37
Total Other Income Expense Net	-0.35	-0.25	0.6	0.8	0.59	0.26	0.55	0.5	0.51	0.53	0.67		0.68	0.54	0.1	0.02	-0.66	0.66	-0.82	0.23	-0.32	0.53	0.07	0.35	-0.15
Net Income	0.28	0.26	0.6	0.4	0.56	0.86	0.93	0.93	0.58	-0.02	0.98	0.68		0.67	0.66	-0.09	-0.53	0.95	-0.73	0.56	0.12	0.62	0.2	-0.26	0.35
Income Tax Expense	0.01	0.15	0.67	0.33	0.64	0.71	0.81	0.78	0.66	-0.09	0.81	0.54	0.67		0.46	-0.14	-0.47	0.64	-0.49	0.63	-0.24	0.95	0.32	-0.17	0.33
Selling General Administrative	0.43	0.34	0.28	0.02	0.24	0.8	0.67	0.69	0.29	-0.27	0.66	0.1	0.66	0.46		-0.18	0.02	0.68	-0.21	0.49	0.23	0.46	0.33	-0.51	0.42
Research Development	-0.37	-0.43	-0.05	0.25	-0.05	-0.15	-0.07	-0.11	-0.1	0.32	-0.11	0.02	-0.09	-0.14	-0.18		0.01	-0.11	0.14	-0.38	-0.01	-0.17	-0.03	0.39	-0.45
Minority Interest	0.07	0.0	-0.43	-0.43	-0.42	-0.28	-0.41	-0.39	-0.39	-0.2	-0.53	-0.66	-0.53	-0.47	0.02	0.01		-0.57	0.8	-0.42	0.21	-0.5	-0.33	-0.03	-0.18
Net Income From Continuing Ops	0.25	0.21	0.53	0.34	0.49	0.81	0.85	0.85	0.51	-0.06	0.93	0.66	0.95	0.64	0.68	-0.11	-0.57		-0.73	0.61	0.04	0.67	0.22	-0.27	0.36
Non Recurring	-0.01	-0.13	-0.3	-0.56	-0.27	-0.41	-0.56	-0.54	-0.23	-0.24	-0.7	-0.82	-0.73	-0.49	-0.21	0.14	0.8	-0.73		-0.34	-0.07	-0.5	-0.01	-0.03	-0.12
Non Operating Income Net Other	0.46	0.59	0.4	-0.12	0.38	0.61	0.56	0.58	0.46	-0.52	0.6	0.23	0.56	0.63	0.49	-0.38	-0.42	0.61	-0.34		-0.1	0.65	0.18	-0.71	0.81
Discontinued Operations	0.7	0.58	-0.53	-0.36	-0.56	0.27	0.05	0.12	-0.5	-0.38	0.03	-0.32	0.12	-0.24	0.23	-0.01	0.21	0.04	-0.07	-0.1		-0.28	-0.25	-0.44	0.35
Tax Provision	-0.03	0.07	0.61	0.28	0.58	0.63	0.7	0.67	0.6	-0.1	0.75	0.53	0.62	0.95	0.46	-0.17	-0.5	0.67	-0.5	0.65	-0.28		0.35	-0.15	0.32
Interest Income	-0.1	-0.23	0.48	0.19	0.49	0.29	0.28	0.26	0.48	0.17	0.27	0.07	0.2	0.32	0.33	-0.03	-0.33	0.22	-0.01	0.18	-0.25	0.35		-0.04	0.08
Net Interest Income	-0.86	-0.9	0.15	0.63	0.18	-0.53	-0.29	-0.37	0.05	0.87	-0.25	0.35	-0.26	-0.17	-0.51	0.39	-0.03	-0.27	-0.03	-0.71	-0.44	-0.15	-0.04		-0.88
Reconciled Depreciation	0.85	0.81	0.06	-0.46	0.03	0.56	0.35	0.42	0.14	-0.72	0.37	-0.15	0.35	0.33	0.42	-0.45	-0.18	0.36	-0.12	0.81	0.35	0.32	0.08	-0.88

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Phillips Account Relationship Matchups

Phillips income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	481M	521M	605M	642M	928M	974.4M
Total Revenue	107.3B	64.1B	111.5B	170.0B	147.4B	104.9B
Gross Profit	10.4B	5.0B	7.8B	18.4B	11.2B	13.7B
Operating Income	5.5B	(287M)	3.8B	12.7B	7.9B	4.3B
Ebit	5.5B	(287M)	3.8B	12.7B	7.9B	5.9B
Ebitda	6.8B	1.1B	5.4B	14.4B	9.9B	7.3B
Cost Of Revenue	96.9B	59.1B	103.7B	151.6B	136.2B	91.2B
Income Before Tax	4.2B	(5.0B)	1.7B	14.6B	9.5B	5.2B
Net Income	3.1B	(3.7B)	1.3B	11.0B	7.0B	3.9B
Income Tax Expense	801M	(1.3B)	146M	3.2B	2.2B	2.3B
Research Development	54M	48M	47M	42M	27M	41.5M
Minority Interest	301M	2.5B	(277M)	367M	(224M)	(212.8M)
Non Recurring	861M	4.3B	1.5B	60M	69M	65.6M
Tax Provision	801M	(1.3B)	146M	3.2B	2.2B	2.3B
Interest Income	43M	14M	2.7B	2.0B	269M	255.6M
Net Interest Income	(415M)	(499M)	(605M)	(642M)	(657M)	(689.9M)

Phillips Investors Sentiment

The influence of Phillips' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Phillips. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Phillips' public news can be used to forecast risks associated with an investment in Phillips. The trend in average sentiment can be used to explain how an investor holding Phillips can time the market purely based on public headlines and social activities around Phillips 66. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Phillips' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Phillips' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Phillips' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Phillips.

Phillips Implied Volatility

54.55

Phillips' implied volatility exposes the market's sentiment of Phillips 66 stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Phillips' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Phillips stock will not fluctuate a lot when Phillips' options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Phillips in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Phillips' short interest history, or implied volatility extrapolated from Phillips options trading.

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When determining whether Phillips 66 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Phillips' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Phillips 66 Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Phillips 66 Stock:

How To Invest In Phillips

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Is Phillips Stock a good investment?

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What is Phillips' Net Worth?

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Check out Phillips Valuation and Phillips Correlation analysis.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Phillips Stock analysis

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.

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Is Phillips' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Phillips. If investors know Phillips will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Phillips listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.28)

Dividend Share

4.2

Earnings Share

15.49

Revenue Per Share

327.454

Quarterly Revenue Growth

(0.05)

The market value of Phillips 66 is measured differently than its book value, which is the value of Phillips that is recorded on the company's balance sheet. Investors also form their own opinion of Phillips' value that differs from its market value or its book value, called intrinsic value, which is Phillips' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Phillips' market value can be influenced by many factors that don't directly affect Phillips' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Phillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phillips' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Phillips Income Statement Research

Phillips income statement Correlations

Phillips Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Phillips income statement Accounts

Phillips Investors Sentiment

Phillips Implied Volatility

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Phillips Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Ebitda	+ 1.0	Ebit
Cost Of Revenue	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Other Operating Expenses
Net Income	+ 0.98	Income Before Tax
Income Before Tax	+ 0.97	Ebit

Net Interest Income	- 0.9	Interest Expense
Reconciled Depreciation	- 0.88	Net Interest Income
Net Interest Income	- 0.86	Depreciation And Amortization
Non Recurring	- 0.82	Total Other Income Expense Net
Total Operating Expenses	- 0.77	Depreciation And Amortization
Total Operating Expenses	- 0.76	Interest Expense