Financing

Plains All American Pipeline, L.P.·Cash Flow Statement·26 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Net cash from financing activities	-$272M	—	-$747M	$590M	—	$318M	$299M	-$339M
Net change in commercial paper	-$540M	—	—	$71M	$0	-$462M	$970M	$116M
Proceeds from (repayments of) short-term borrowings, net	-$540M	—	—	$71M	$0	-$462M	$970M	$116M
Distributions to noncontrolling interests	$98M	$112M	$115M	$132M	$97M	$110M	$108M	$103M
Other, net	-$11M	-$32M	-$5M	-$17M	-$5M	-$42M	-$20M	-$4M
Payment of Deferred Purchase Consideration	-$11M	-$32M	-$5M	-$17M	-$5M	-$42M	-$20M	-$4M
Noncontrolling interest transactions and other	-$11M	-$32M	-$5M	-$17M	-$5M	-$42M	-$20M	-$4M
Other financing activities	-$11M	-$32M	-$5M	-$17M	-$5M	-$42M	-$20M	-$4M
Noncontrolling Interests Activity and Other	-$11M	-$32M	-$5M	-$17M	-$5M	-$42M	-$20M	-$4M
Repayments of Lines of Credit	$0	$0	$0	$278.5M	$278.5M	$278.5M	$278.5M	—
Proceeds from minority shareholders	$12M	$16M	$17M	$4M	$25M	$5M	$41M	—
Contributions from noncontrolling interests	$12M	$16M	$17M	$4M	$25M	$5M	$41M	—
Proceeds from issuance of debt	$162.5M	$162.5M	$162.5M	$998M	$0	$1.2B	$752M	—
Payments for Repurchase of Preferred Stock and Preference Stock	—	—	$0	$333M	—	—	—	—
Proceeds From Issuance Of Senior Long Term Debt	$162.5M	$162.5M	$162.5M	$998M	$0	$1.2B	$752M	—
Net proceeds from sales of subsidiary shares	$12M	$16M	$17M	$4M	$25M	$5M	$41M	—
Proceeds from related party debt	$157.3M	$157.3M	$157.3M	$330M	—	—	—	—
Repayments of Lines of Credit	$0	$0	$0	$278.5M	$278.5M	$278.5M	$278.5M	—
Proceeds from Minority Shareholders	$12M	$16M	$17M	$4M	$25M	$5M	$41M	—
Proceeds from Sale of Noncontrolling Interests	$12M	$16M	$17M	$4M	$25M	$5M	$41M	—
Proceeds from Minority Shareholders	$12M	$16M	$17M	$4M	$25M	$5M	$41M	—
Repayments of Acquisition Credit Facilities	$0	$0	$0	$278.5M	$278.5M	$278.5M	$278.5M	—
Redemption of preferred stock	—	—	$0	$333M	—	—	—	—
Proceeds from Minority Shareholders	$12M	$16M	$17M	$4M	$25M	$5M	$41M	—
Repayments of lines of credit	$0	$0	$0	$278.5M	$278.5M	$278.5M	$278.5M	—

Metrics

Financing

Breakdown

Metrics

Repayments of Lines of Credit

Proceeds from minority shareholders

Net change in commercial paper

Contributions from noncontrolling interests

Proceeds from issuance of debt

Distributions to noncontrolling interests

Distribution Made to Limited Partner, Cash Distributions Paid

Payments for Repurchase of Preferred Stock and Preference Stock

Proceeds From Issuance Of Senior Long Term Debt

Other, net

Proceeds from (repayments of) short-term borrowings, net

Net proceeds from sales of subsidiary shares

Payment of Deferred Purchase Consideration

Noncontrolling interest transactions and other

Proceeds from related party debt

Repayments of Lines of Credit

Proceeds from Minority Shareholders

Proceeds from Sale of Noncontrolling Interests

Net cash from financing activities

Other financing activities

Noncontrolling Interests Activity and Other

Proceeds from Minority Shareholders

Repayments of Acquisition Credit Facilities

Redemption of preferred stock

Proceeds from Minority Shareholders

Repayments of lines of credit