Plains All American Pipeline LP (PAA) — Financial Flexibility Index
Plains All American Pipeline LP (PAA) has a Financial Flexibility Index of 0.03x as of March 2026. Free cash flow of $548.00 Million (operating CF $418.00 Million minus capex $130.00 Million) represents 0% of total liabilities ($18.82 Billion). Check PAA strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Plains All American Pipeline LP Financial Flexibility Index (1997–2025)
Historical Financial Flexibility Index trend for Plains All American Pipeline LP across 29 annual periods. See Plains All American Pipeline LP (PAA) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Plains All American Pipeline LP (1997–2025)
Year-by-year free cash flow to debt coverage for Plains All American Pipeline LP. For the full company profile including market capitalisation, see PAA stock market capitalisation.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.21x | $3.58 Billion | $2.94 Billion | $17.09 Billion | ▼ -9.3% |
| 2024 | 0.23x | $3.11 Billion | $2.49 Billion | $13.47 Billion | ▼ -4.3% |
| 2023 | 0.24x | $3.29 Billion | $2.73 Billion | $13.62 Billion | ▲ +22.7% |
| 2022 | 0.20x | $2.86 Billion | $2.41 Billion | $14.57 Billion | ▲ +33.2% |
| 2021 | 0.15x | $2.33 Billion | $2.00 Billion | $15.80 Billion | ▼ -3.3% |
| 2020 | 0.15x | $2.25 Billion | $1.51 Billion | $14.76 Billion | ▼ -35.9% |
| 2019 | 0.24x | $3.69 Billion | $2.50 Billion | $15.48 Billion | ▼ -24.2% |
| 2018 | 0.31x | $4.24 Billion | $2.61 Billion | $13.51 Billion | ▲ +28.3% |
| 2017 | 0.24x | $3.52 Billion | $2.50 Billion | $14.39 Billion | ▲ +82.9% |
| 2016 | 0.13x | $2.06 Billion | $726.00 Million | $15.39 Billion | ▼ -43.9% |
| 2015 | 0.24x | $3.42 Billion | $1.34 Billion | $14.35 Billion | ▼ -14.8% |
| 2014 | 0.28x | $3.94 Billion | $2.00 Billion | $14.06 Billion | ▼ -0.7% |
| 2013 | 0.28x | $3.57 Billion | $1.95 Billion | $12.66 Billion | ▲ +39.4% |
| 2012 | 0.20x | $2.44 Billion | $1.24 Billion | $12.09 Billion | ▼ -36.9% |
| 2011 | 0.32x | $3.02 Billion | $2.37 Billion | $9.43 Billion | ▲ +325.9% |
| 2010 | 0.08x | $710.00 Million | $259.00 Million | $9.43 Billion | ▼ -25.9% |
| 2009 | 0.10x | $834.00 Million | $365.00 Million | $8.21 Billion | ▼ -54.5% |
| 2008 | 0.22x | $1.45 Billion | $857.00 Million | $6.48 Billion | ▲ +7.6% |
| 2007 | 0.21x | $1.34 Billion | $796.00 Million | $6.48 Billion | ▲ +1710.9% |
| 2006 | 0.01x | $65.70 Million | $-275.30 Million | $5.74 Billion | ▼ -83.0% |
| 2005 | 0.07x | $188.20 Million | $24.10 Million | $2.79 Billion | ▼ -36.2% |
| 2004 | 0.11x | $220.91 Million | $103.97 Million | $2.09 Billion | ▲ +6.4% |
| 2003 | 0.10x | $133.93 Million | $68.52 Million | $1.35 Billion | ▼ -46.5% |
| 2002 | 0.19x | $214.48 Million | $173.89 Million | $1.15 Billion | ▲ +1894.5% |
| 2001 | -0.01x | $-8.88 Million | $-29.95 Million | $858.45 Million | ▲ +66.7% |
| 2000 | -0.03x | $-20.91 Million | $-33.51 Million | $671.80 Million | ▼ -138.4% |
| 1999 | 0.08x | $83.50 Million | $-106.20 Million | $1.03 Billion | ▲ +138.6% |
| 1998 | 0.03x | $11.30 Million | $8.40 Million | $332.60 Million | ▲ +140.0% |
| 1997 | -0.08x | $-12.19 Million | $-12.87 Million | $143.64 Million | — |