MPLX LP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
20. Supplemental Cash Flow Information
- Supplemental Cash Flow Information
| (In millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net cash provided by operating activities included: | |||
| Interest paid (net of amounts capitalized) | $940 | $893 | $813 |
| Income taxes paid | 6 | 7 | 3 |
| Cash paid for amounts included in the measurement of lease liabilities: | |||
| Payments on operating leases | 71 | 71 | 73 |
| Net cash provided by financing activities included: | |||
| Principal payments under finance lease obligations | 1 | 1 | 2 |
| Non-cash investing and financing activities: | |||
| Net transfers of property, plant and equipment (to)/from materials and supplies inventories | — | (8) | (1) |
| ROU assets obtained in exchange for new operating lease obligations | 47 | 21 | 78 |
| ROU assets obtained in exchange for new finance lease obligations | 1 | — | 1 |
| Book value of equity method investment(1) | 4 | 311 | — |
(1)Represents the book value of MPLX’s equity method investment in OCC in 2024 and Torñado in 2023 prior to MPLX buying out the remaining interest in these entities. See Note 4 for additional information.
The Consolidated Statements of Cash Flows exclude changes to the Consolidated Balance Sheets that did not affect cash. The following is a reconciliation of additions to property, plant and equipment to total capital expenditures:
| (In millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Additions to property, plant and equipment | $1,056 | $937 | $806 |
| (Decrease)/Increase in capital accruals | (6) | 82 | 47 |
| Total capital expenditures | $1,050 | $1,019 | $853 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.