$PBF Cashflow Statement | Understand Stock

$PBF

$73.63 -$6.92 (8.59%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Net income (loss)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization
Impairment expense
Stock-based compensation expense
Change in fair value of catalyst obligations
Deferred income taxes
Change in Tax Receivable Agreement liability
Non-cash change in inventory repurchase obligations
Non-cash lower of cost or market inventory adjustment
Change in fair value of contingent consideration, net
(Gain) loss on extinguishment of debt
Loss on extinguishment of debt
2028 Senior Notes
2025 Senior Notes
2025 Senior Secured Notes
Total loss on extinguishment of debt

Pension and other post-retirement benefit costs
Gain on insurance recoveries, net
Insurance proceeds
Loss from equity method investment
Loss (gain) on formation of SBR equity method investment
(Gain) loss on sale of assets
Changes in operating assets and liabilities:
Accounts receivable
Inventories
Prepaid and other current assets
Accounts payable
Accrued expenses
Deferred revenue
Payment related to Tax Receivable Agreement
Other assets and liabilities
Net cash (used in) provided by operating activities

Cash flows from investing activities:
Expenditures for property, plant and equipment
Expenditures for deferred turnaround costs
Expenditures for other assets
Acquisition of Martinez refinery
Equity method investment - contribution
Equity method investment - return of capital
Proceeds from sale of assets
Insurance proceeds
Net cash used in investing activities

Cash flows from financing activities:
Net proceeds from issuance of PBFX common units
PBFX Merger Transaction payment
Dividend payments
Distributions to PBFX Public Unitholders
Distributions to PBF Energy Company LLC members other than PBF Energy
Collins Pipeline Company And T&M Terminal Company
Total distributions to PBF Energy Company LLC members other than PBF Energy
Proceeds from issuance of long-term debt
2030 Senior Notes
2028 Senior Notes
2025 Senior Secured Notes
2030 9.875% Senior Notes
2030 7.875% Senior Notes

Redemption of 2025 7.25% Senior Notes
2028 Senior Notes
2025 Senior Notes
2023 Senior Notes
2025 Senior Notes Redeemed
2025 Senior Notes Repurchased
2025 Senior Secured Notes
Rail Term Loan
Total redemption of 2025 7.25% Senior Notes

Proceeds from revolver borrowings
PBF Energy Revolving Credit Facility
PBFX Revolving Credit Facility
Total proceeds from revolver borrowings

Repayments of revolver borrowings
PBF Energy Revolving Credit Facility
PBFX Revolving Credit Facility
Total repayments of revolver borrowings
Deferred payment for the East Coast Storage Assets Acquisition
Redemption of PBFX 2023 Senior Notes
PBFX 2023 Senior Notes
Total redemption of PBFX 2023 Senior Notes
Settlements of precious metal catalyst obligations
Proceeds from catalyst financing arrangements
Payments on financing leases
Taxes paid for net settlement of equity-based compensation
Proceeds from insurance premium financing
Payments of insurance premium financing
Transactions in connection with stock-based compensation plans, net
Payments of contingent consideration
Share repurchases of PBF Energy’s Class A common stock
Deferred financing costs and other

Net cash provided by (used in) financing activities
Net change in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Non-cash activities:
Accrued and unpaid capital expenditures
Fair value of the Martinez Contingent Consideration at acquisition
Assets acquired or remeasured under operating and financing leases
Contribution of assets to SBR equity method investment
Settlement of affiliate note payable to fund investment in SBR working capital

Cash paid during the year for:
Interest, net of capitalized interest of $30.0, $18.6 and $38.2 in 2025, 2024 and 2023, respectively
Capitalized interest
Income taxes

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