2021 Q4 Form 10-Q Financial Statement

#000082148321000069 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $1.294B $1.310B $1.218B
YoY Change 80.78% 89.91% 136.27%
Cost Of Revenue $1.232B $1.176B $1.266B
YoY Change 58.32% 79.7% 149.09%
Gross Profit $61.02M $133.9M -$48.59M
YoY Change -196.86% 280.36% -794.2%
Gross Profit Margin 4.72% 10.22% -3.99%
Selling, General & Admin $11.54M $12.47M $12.20M
YoY Change 21.44% 27.28% 19.62%
% of Gross Profit 18.91% 9.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.19M $23.62M $23.55M
YoY Change 1.66% 3.49% 6.42%
% of Gross Profit 39.65% 17.64%
Operating Expenses $35.73M $36.09M $35.75M
YoY Change 7.63% 10.37% 10.68%
Operating Profit $25.29M $97.79M -$84.50M
YoY Change -122.16% 3456.11% 232.12%
Interest Expense -$15.78M $15.37M $17.19M
YoY Change -10.33% -12.26% 4.7%
% of Operating Profit -62.4% 15.72%
Other Income/Expense, Net -$55.00K -$15.41M -$23.85M
YoY Change -8.92% 33.74%
Pretax Income $7.914M $82.39M -$108.4M
YoY Change -106.0% -681.71% 150.37%
Income Tax -$172.0K $586.0K $607.0K
% Of Pretax Income -2.17% 0.71%
Net Earnings $8.086M $81.80M -$109.0M
YoY Change -106.13% -673.2% 168.63%
Net Earnings / Revenue 0.63% 6.24% -8.95%
Basic Earnings Per Share $1.38 -$1.84
Diluted Earnings Per Share $134.9K $1.37 -$1.84
COMMON SHARES
Basic Shares Outstanding 60.19M shares 59.44M shares 59.37M shares
Diluted Shares Outstanding 59.76M shares 59.37M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.2M $201.3M $174.3M
YoY Change 64.31% 58.13% 21.99%
Cash & Equivalents $112.2M $201.3M $174.3M
Short-Term Investments
Other Short-Term Assets $3.029M $3.566M $6.332M
YoY Change -55.98% -4.37% 41.91%
Inventory $790.3M $635.3M $624.2M
Prepaid Expenses
Receivables $195.1M $195.2M $210.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.130B $1.052B $1.031B
YoY Change 77.57% 40.37% 43.2%
LONG-TERM ASSETS
Property, Plant & Equipment $1.240B $1.269B $1.289B
YoY Change -3.84% -3.6% -3.09%
Goodwill $127.3M $127.3M $127.3M
YoY Change -0.57% -0.57% -0.57%
Intangibles $16.23M $16.90M $17.56M
YoY Change -14.07% -13.59% -13.15%
Long-Term Investments
YoY Change
Other Assets $56.26M $56.65M $59.65M
YoY Change -7.13% -5.19% 125.05%
Total Long-Term Assets $1.440B $1.469B $1.494B
YoY Change -3.83% -3.54% -0.75%
TOTAL ASSETS
Total Short-Term Assets $1.130B $1.052B $1.031B
Total Long-Term Assets $1.440B $1.469B $1.494B
Total Assets $2.570B $2.521B $2.524B
YoY Change 20.45% 10.94% 13.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $154.5M $163.7M $159.7M
YoY Change 44.51% 27.61% 43.47%
Accrued Expenses $370.4M $363.0M $403.8M
YoY Change 81.84% 173.19% 251.03%
Deferred Revenue $10.10M $16.40M $11.90M
YoY Change 146.34% 173.33% 296.67%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.84M $10.84M $10.84M
YoY Change -81.91% -81.71% -81.47%
Total Short-Term Liabilities $1.356B $1.295B $1.370B
YoY Change 54.3% 47.91% 69.82%
LONG-TERM LIABILITIES
Long-Term Debt $553.7M $555.9M $560.1M
YoY Change -14.64% -14.63% -14.35%
Other Long-Term Liabilities $52.26M $54.87M $55.31M
YoY Change 8.94% 27.41% 27.86%
Total Long-Term Liabilities $606.0M $610.8M $615.5M
YoY Change -13.01% -12.03% -11.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.356B $1.295B $1.370B
Total Long-Term Liabilities $606.0M $610.8M $615.5M
Total Liabilities $2.305B $2.267B $2.355B
YoY Change 22.09% 19.82% 28.51%
SHAREHOLDERS EQUITY
Retained Earnings -$559.1M -$566.4M -$648.2M
YoY Change 17.21% 64.12% 95.93%
Common Stock $602.0K $602.0K $602.0K
YoY Change 11.48% 11.69% 11.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $265.7M $253.5M $169.7M
YoY Change
Total Liabilities & Shareholders Equity $2.570B $2.521B $2.524B
YoY Change 20.45% 10.94% 13.47%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $8.086M $81.80M -$109.0M
YoY Change -106.13% -673.2% 168.63%
Depreciation, Depletion And Amortization $24.19M $23.62M $23.55M
YoY Change 1.66% 3.49% 6.42%
Cash From Operating Activities -$82.22M $52.78M $32.52M
YoY Change 30.09% -776.65% 68.47%
INVESTING ACTIVITIES
Capital Expenditures -$8.518M $7.008M $5.829M
YoY Change -59.44% -42.96% -61.69%
Acquisitions
YoY Change
Other Investing Activities $790.0K $517.0K -$46.00K
YoY Change 690.0%
Cash From Investing Activities -$7.728M -$6.491M -$5.853M
YoY Change -63.37% -46.8% -61.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 860.0K -17.31M -67.14M
YoY Change -96.59% -512.19% -187.54%
NET CHANGE
Cash From Operating Activities -82.22M 52.78M 32.52M
Cash From Investing Activities -7.728M -6.491M -5.853M
Cash From Financing Activities 860.0K -17.31M -67.14M
Net Change In Cash -89.08M 28.98M -40.48M
YoY Change 50.73% -283.39% -150.16%
FREE CASH FLOW
Cash From Operating Activities -$82.22M $52.78M $32.52M
Capital Expenditures -$8.518M $7.008M $5.829M
Free Cash Flow -$73.70M $45.77M $26.69M
YoY Change 74.64% -327.88% 553.59%

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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Comprehensive Income Net Of Tax
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parr Gain Losson Extinguishment Or Acquisitionof Debt
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parr Increase Decrease Obligations Under Inventory Financing Agreements
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parr Proceeds From Payments For On Deferred Payment Arrangements Discretionary Draw Facilities And Receivable Advances
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<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    The preparation of our condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and the related disclosures. Actual amounts could differ from these estimates.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    The worldwide spread and severity of the COVID-19 coronavirus and certain developments in the global crude oil markets have impacted our businesses, people, and operations. We are continuing to actively respond to these ongoing matters and many uncertainties remain. Due to the rapid development and fluidity of the situation, the full magnitude of the COVID-19 pandemic’s impact on our estimates and assumptions, financial condition, future results of operations, and future cash flows and liquidity is uncertain and has been and may continue to be material.</span></div>
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19568000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
14916000 USD
CY2021Q3 parr Environmental Credit Obligation
EnvironmentalCreditObligation
297495000 USD
CY2020Q4 parr Environmental Credit Obligation
EnvironmentalCreditObligation
150482000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
45913000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
38313000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
362976000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
203711000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
583000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
731523000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
16216000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
22930000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
566784000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
708593000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
10839000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
59933000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
555945000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
648660000 USD
CY2019Q1 parr Debt Instruments Initial Offering Price
DebtInstrumentsInitialOfferingPrice
750000000 USD
us-gaap Derivative Nonmonetary Notional Amount Volume
DerivativeNonmonetaryNotionalAmountVolume
1150000 bbl
CY2020Q4 us-gaap Derivative Average Fixed Interest Rate
DerivativeAverageFixedInterestRate
0.0391
CY2020Q1 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
3900000 USD
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-36364000 USD
CY2020Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-66098000 USD
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-30958000 USD
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-22750000 USD
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-5682000 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-10247000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-61194000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
36432000 USD
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-14641000 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
50556000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-75559000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
53887000 USD
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-45323000 USD
CY2020Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-5295000 USD
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-45323000 USD
CY2020Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-5295000 USD
CY2021Q3 parr Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
20556000 USD
CY2020Q4 parr Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
14998000 USD
CY2021Q3 parr Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
7925000 USD
CY2020Q4 parr Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
6486000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
12631000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
8512000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
404210000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
357166000 USD
CY2021Q3 parr Lease Rightof Use Asset
LeaseRightofUseAsset
416841000 USD
CY2020Q4 parr Lease Rightof Use Asset
LeaseRightofUseAsset
365678000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1567000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1491000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
57377000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
56965000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8069000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7925000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
353366000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
304355000 USD
CY2021Q3 parr Lease Liability
LeaseLiability
420379000 USD
CY2020Q4 parr Lease Liability
LeaseLiability
370736000 USD
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y5M15D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y11M19D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y2M8D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y6M7D
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0745
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0793
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0679
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0759
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
489000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
518000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1439000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1532000 USD
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
166000 USD
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
156000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
489000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
487000 USD
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
23325000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
26514000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
69069000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
80644000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1527000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
2185000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
4932000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
7842000 USD
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
138000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
820000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
341000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1662000 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
25645000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
30193000 USD
us-gaap Lease Cost
LeaseCost
76270000 USD
us-gaap Lease Cost
LeaseCost
92167000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2223000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1508000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
492000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
493000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
65439000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
76536000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2658000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1992000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
95229000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11974000 USD
parr Right Of Use Assets Terminated In Exchange For Release From Operating Lease Liabilities
RightOfUseAssetsTerminatedInExchangeForReleaseFromOperatingLeaseLiabilities
800000 USD
parr Right Of Use Assets Terminated In Exchange For Release From Operating Lease Liabilities
RightOfUseAssetsTerminatedInExchangeForReleaseFromOperatingLeaseLiabilities
7738000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
573000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
22530000 USD
CY2021Q3 parr Lessee Liability Payments Remainder Of Fiscal Year
LesseeLiabilityPaymentsRemainderOfFiscalYear
23103000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2139000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
81740000 USD
CY2021Q3 parr Lessee Liability Payments Due Year One
LesseeLiabilityPaymentsDueYearOne
83879000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2161000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
63708000 USD
CY2021Q3 parr Lessee Liability Payments Due Year Two
LesseeLiabilityPaymentsDueYearTwo
65869000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1857000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
52019000 USD
CY2021Q3 parr Lessee Liability Payments Due Year Three
LesseeLiabilityPaymentsDueYearThree
53876000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1702000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
50910000 USD
CY2021Q3 parr Lessee Liability Payments Due Year Four
LesseeLiabilityPaymentsDueYearFour
52612000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1235000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
46406000 USD
CY2021Q3 parr Lessee Liability Payments Due Year Five
LesseeLiabilityPaymentsDueYearFive
47641000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
2657000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
236665000 USD
CY2021Q3 parr Lessee Liability Payments Due After Year Five
LesseeLiabilityPaymentsDueAfterYearFive
239322000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
12324000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
553978000 USD
CY2021Q3 parr Lessee Liability Payments Due
LesseeLiabilityPaymentsDue
566302000 USD
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2688000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
143235000 USD
CY2021Q3 parr Lessee Liability Undiscounted Excess Amount
LesseeLiabilityUndiscountedExcessAmount
145923000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
9636000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
410743000 USD
CY2021Q3 parr Lease Liability
LeaseLiability
420379000 USD
CY2021Q3 parr Lessee Finance Lease Lease Not Yet Commenced Undiscounted Amount
LesseeFinanceLeaseLeaseNotYetCommencedUndiscountedAmount
2800000 USD
CY2021Q3 parr Lessee Operating Lease Lease Not Yet Commenced Undiscounted Amount
LesseeOperatingLeaseLeaseNotYetCommencedUndiscountedAmount
15200000 USD
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
22 retail_site
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
22 retail_site
CY2021Q1 parr Sale Leaseback Transaction Aggregate Purchase Price
SaleLeasebackTransactionAggregatePurchasePrice
112800000 USD
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
21 retail_site
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
21 retail_site
CY2021Q1 parr Sale Leaseback Transaction Aggregate Purchase Price
SaleLeasebackTransactionAggregatePurchasePrice
107000000 USD
CY2021Q1 parr Number Of Properties
NumberOfProperties
1 Property
CY2021Q1 parr Sale Leaseback Transaction Aggregate Purchase Price
SaleLeasebackTransactionAggregatePurchasePrice
5800000 USD
CY2021Q1 parr Sale Leaseback Transaction Term Of Contract
SaleLeasebackTransactionTermOfContract
P15Y
CY2021Q1 parr Sale Leaseback Transaction Number Of Renewal Terms
SaleLeasebackTransactionNumberOfRenewalTerms
4 Option
CY2021Q1 parr Sale Leaseback Transaction Renewal Terms
SaleLeasebackTransactionRenewalTerms
P5Y
CY2021Q3 parr Bankruptcy Claims Number Of Claims To Be Settled
BankruptcyClaimsNumberOfClaimsToBeSettled
2 claim
CY2021Q3 parr Bankruptcy Claims Amount Of Claims To Be Settled
BankruptcyClaimsAmountOfClaimsToBeSettled
22400000 USD
CY2021Q3 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
500000 USD
CY2021Q3 parr Bankruptcy Claims Number Of Claims To Be Settled
BankruptcyClaimsNumberOfClaimsToBeSettled
2 claim
CY2021Q3 parr Maximum Bankruptcy Claims Remaining
MaximumBankruptcyClaimsRemaining
22400000 USD
CY2021Q3 parr Predecessor Working Ownership Percentage
PredecessorWorkingOwnershipPercentage
0.034
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
81802000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-14271000 USD
us-gaap Net Income Loss
NetIncomeLoss
-89383000 USD
us-gaap Net Income Loss
NetIncomeLoss
-277168000 USD
CY2021Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 USD
CY2020Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
81802000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14271000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-89383000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-277168000 USD
CY2021Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2020Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
us-gaap Dilutive Securities
DilutiveSecurities
0 USD
us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
81802000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-14271000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-89383000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-277168000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59437000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53374000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57713000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53265000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
324000 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59761000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53374000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57713000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53265000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.38
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.20
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.37
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.20
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2020Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1700000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1310368000 USD
CY2021Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
1098422000 USD
CY2021Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
78059000 USD
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23618000 USD
CY2021Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-2000 USD
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12473000 USD
CY2021Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
97793000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
15374000 USD
CY2021Q3 parr Debt Extinguishmentand Commitment Costs
DebtExtinguishmentandCommitmentCosts
9000 USD
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-22000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
82388000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
586000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
81802000 USD
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7008000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
689981000 USD
CY2020Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
585289000 USD
CY2020Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
69458000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22821000 USD
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9818000 USD
CY2020Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-155000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2750000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
17523000 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
610000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-14163000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
108000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-14271000 USD
CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12286000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3416573000 USD
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
3184583000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
221068000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
70046000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
64400000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
36559000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
87000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-31370000 USD
us-gaap Interest Expense
InterestExpense
50711000 USD
parr Debt Extinguishmentand Commitment Costs
DebtExtinguishmentandCommitmentCosts
8144000 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
2032000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-88190000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1193000 USD
us-gaap Net Income Loss
NetIncomeLoss
-89383000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21015000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2409365000 USD
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
2236778000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
209876000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
66232000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
67922000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31823000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
600000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-203866000 USD
us-gaap Interest Expense
InterestExpense
52611000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1089000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4270000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-46905000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-298023000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-20855000 USD
us-gaap Net Income Loss
NetIncomeLoss
-277168000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
42451000 USD
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
50000 USD

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