Plains GP Holdings LP (Plains GP Holdings LP) Cash, Cash Equivalents, Marketable Securities

: $453 Mil (As of Dec. 2023)

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Plains GP Holdings LP's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($936.00 Mil) to Sep. 2023 ($262.00 Mil) but then increased from Sep. 2023 ($262.00 Mil) to Dec. 2023 ($453.00 Mil).

Plains GP Holdings LP's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($452.00 Mil) to Dec. 2022 ($404.00 Mil) but then increased from Dec. 2022 ($404.00 Mil) to Dec. 2023 ($453.00 Mil).

Plains GP Holdings LP Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Plains GP Holdings LP's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Plains GP Holdings LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

47.00

25.00

452.00

404.00

453.00

Plains GP Holdings LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities																404.00	529.00	936.00	262.00	453.00

Plains GP Holdings LP Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Plains GP Holdings LP (NAS:PAGP) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Plains GP Holdings LP Cash, Cash Equivalents, Marketable Securities Related Terms

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Plains GP Holdings LP (Plains GP Holdings LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plains GP Holdings LP (NAS:PAGP) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

N/A

Address

333 Clay Street, Suite 1600, Houston, TX, USA, 77002

Website

https://www.plains.com

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Executives

Willie Cw Chiang	director, officer: Chairman & CEO	370 17TH STREET, SUITE 2775, DENVER CO 80202
Jeremy L. Goebel	officer: EVP & CCO	333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Ellen Desanctis	director	12326 OLD OAKS, HOUSTON TX 77024
Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Gary R Petersen	director	210 HEDWIG, HOUSTON TX 77019
Victor Burk	director	C/O ENERVEST MANAGEMENT PARTNERS LTD, 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Lawrence Michael Ziemba	director	600 NORTH DAIRY ASHFORD, HOUSTON TX 77079
John T Raymond	director	THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002
Alexandra Pruner	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Bobby S Shackouls	director	5051 WESTHEIMER, STE 1400, HOUSTON TX 77056-5604
Chris Temple	director	3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219
Emg Investment, Llc	director, See Remarks	1401 MCKINNEY STREET, SUITE 1025, HOUSTON TX 77010
Robert V Sinnott	director	1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067
Greg L Armstrong	director, 10 percent owner, officer: Chairman & CEO
Harry N Pefanis	officer: President & COO	333 CLAY STREET, STE 1600, HOUSTON TX 77002