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Phillips 66 PSX Impairment Charges

Impairment Charges at other companies

Travel + Leisure logo
Travel + LeisureTNL
$19M
Cousins Properties logo
Cousins PropertiesCUZ
$258.5K
Atkore logo
AtkoreATKR
$11.55M-91.0%
Wingstop logo
WingstopWING
$0
Acadia Realty Trust logo
Acadia Realty TrustAKR
$0-100%
Sunbelt Rentals Holdings
 logo
Sunbelt Rentals Holdings SUNB
$0

Segments

By segment

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Midstream$4M
Refining$2M+100%
Renewable Fuels$2M
Chemicals$0
M&S$0

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×

Questions, answered.

What does impairment charges mean?
Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.