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Phillips 66 PSX Allowance for doubtful accounts

Allowance for doubtful accounts at other companies

KEE
Keel Infrastructure Corp. Common StockKEEL
$66K+4.8%
Trupanion logo
TrupanionTRUP
$2.42M+131%
Stewart Information Services logo
Stewart Information ServicesSTC
$9.16M+9.0%
OGS
ONE GASOGS
$14.6M-12.6%
Phillips 66 logo
Phillips 66PSX
$66M-5.7%
3M logo
3MMMM
$45M-13.5%

Other financials

Income statement

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Revenue$32.5B+6.9%
Gross profit$3.3B+20.0%
Net income$207.0M-57.5%
EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%
Total debt$21.7B+0.7%
Total equity$28.5B+4.6%
Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$68.86B+35.5%
P/E16.7×-10.7×
P/S0.5×+0.1×

Profitability

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Gross margin12.5%+3.4pp
Net margin3.1%+1.7pp

Returns & leverage

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Return on equity14.8%+8.3pp
Debt / equity0.7×0.0×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent.

The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phillips 66's allowance for doubtful accounts?
Phillips 66 (PSX) reported allowance for doubtful accounts of $66M in Q1 2026.
How has Phillips 66's allowance for doubtful accounts changed year-over-year?
Phillips 66's allowance for doubtful accounts decreased by 5.7% year-over-year, from $70M to $66M.
What is the long-term trend for Phillips 66's allowance for doubtful accounts?
Over 5 years (2020 to 2025), Phillips 66's allowance for doubtful accounts has grown at a 12.9% compound annual growth rate (CAGR), from $37M to $68M.
What does allowance for doubtful accounts mean?
This is a contra-asset account representing the portion of accounts receivable that the company estimates will not be collected from customers. It reflects management's assessment of credit risk and potential bad debt within the current trade receivables portfolio. Changes in this balance provide insight into the credit quality of the company's customer base and overall economic conditions.