Operating
Increase (Decrease) In Taxes And Other Accruals
Phillips 66 Increase (Decrease) In Taxes And Other Accruals increased by 724.6% to $470.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 323.4%, from $111.00M to $470.00M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryLiquidity
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026Apr 29, 2026
How to read this metric
An increase in accruals acts as a source of cash, whereas a decrease indicates cash outflows to settle these obligations.
Detailed definition
Represents the net change in accrued liabilities, including taxes payable and other short-term obligations. This reflect...
Peer comparison
Standard line item in operating cash flow; highly dependent on tax payment schedules and regulatory environments.
Metric ID:
operating_increase_decrease_in_taxes_and_other_accrualsHistorical Data
14 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q4 '23 | Q1 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $482.00M | $112.00M | -$369.00M | $119.00M | $585.00M | $461.00M | -$653.00M | -$422.00M | -$590.00M | -$447.00M | $111.00M | $543.00M | $57.00M | $470.00M |
| QoQ Change | — | -76.8% | -429.5% | +132.2% | +391.6% | -21.2% | -241.6% | +35.4% | -39.8% | +24.2% | +124.8% | +389.2% | -89.5% | +724.6% |
| YoY Change | — | — | — | — | +21.4% | +311.6% | -648.7% | — | +9.6% | -5.9% | +118.8% | — | — | +323.4% |
Range-$653.00M – $585.00M
CAGR-0.8%
Avg YoY Growth+18.6%
Median YoY Growth+21.4%
Increase (Decrease) In Taxes And Other Accruals at Other Companies
Frequently Asked Questions
- What is Phillips 66's increase (decrease) in taxes and other accruals?
- Phillips 66 (PSX) reported increase (decrease) in taxes and other accruals of $470.00M in Q1 2026.
- How has Phillips 66's increase (decrease) in taxes and other accruals changed year-over-year?
- Phillips 66's increase (decrease) in taxes and other accruals increased by 323.4% year-over-year, from $111.00M to $470.00M.
- What does increase (decrease) in taxes and other accruals mean?
- The net change in accrued expenses and tax liabilities.