PLAINS GP HOLDINGS LP

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

About 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 28, 2025

PAGP$25.41-1.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

9. Intangible Assets, Net F-

Note 9—Intangible Assets, Net

Intangible assets, net of accumulated amortization, consisted of the following (in millions):

December 31, 2024 · December 31, 2023
	Estimated UsefulLives (Years)	Cost	AccumulatedAmortization	Net	Cost	AccumulatedAmortization	Net
Customer contracts and relationships	1 – 29	$2,767	$(1,105)	$1,662	$2,789	$(932)	$1,857
Other agreements	15 – 70	28	(13)	15	30	(12)	18
Intangible assets (1)		$2,795	$(1,118)	$1,677	$2,819	$(944)	$1,875

(1)We include rights-of-way, which are intangible assets, within property and equipment. See Note 6 for a discussion of property and equipment.

Intangible assets that have finite lives are tested for impairment when events or circumstances indicate that the carrying value may not be recoverable. We did not recognize any impairments of finite-lived intangible assets during the three years ended December 31, 2024.

The majority of our finite-lived intangible assets are amortized under the declining balance method. Amortization expense for finite-lived intangible assets for the years ended December 31, 2024, 2023 and 2022 was $266 million, $308 million and $254 million, respectively. We estimate that our amortization expense related to finite-lived intangible assets for the next five years will be as follows (in millions):

2025	$255
2026	$218
2027	$194
2028	$172
2029	$154

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.