2015 Q3 Form 10-Q Financial Statement

#000153450415000088 Filed on November 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q4 2014 Q3
Revenue $3.218B $4.520B $5.260B
YoY Change -38.83% -6.15% 8.26%
Cost Of Revenue $2.791B $4.761B $4.742B
YoY Change -41.13% 9.97% 2.21%
Gross Profit $426.2M -$241.3M $518.5M
YoY Change -17.8% -149.55% 135.79%
Gross Profit Margin 13.25% -5.34% 9.86%
Selling, General & Admin $53.30M $42.70M $34.30M
YoY Change 55.39% 75.0% 11.73%
% of Gross Profit 12.51% 6.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.70M $46.70M $70.10M
YoY Change -27.67% 47.78% 141.72%
% of Gross Profit 11.9% 13.52%
Operating Expenses $203.9M $288.0M $202.6M
YoY Change 0.61% 8.43% 5.18%
Operating Profit $92.27M -$481.5M $281.1M
YoY Change -67.18% -438.31% -605.61%
Interest Expense -$54.00M $23.90M $51.80M
YoY Change -204.25% -123.48% -197.19%
% of Operating Profit -58.53% 18.43%
Other Income/Expense, Net
YoY Change
Pretax Income $67.02M -$501.7M $265.3M
YoY Change -74.74% -519.13% -415.03%
Income Tax $11.53M -$180.8M $95.26M
% Of Pretax Income 17.2% 35.91%
Net Earnings $42.80M -$277.6M $141.0M
YoY Change -69.64% -991.04% -810.25%
Net Earnings / Revenue 1.33% -6.14% 2.68%
Basic Earnings Per Share $0.50 $1.61
Diluted Earnings Per Share $0.49 -$3.34 $1.60
COMMON SHARES
Basic Shares Outstanding 85.85M shares 87.66M shares
Diluted Shares Outstanding 91.50M shares 97.34M shares

Balance Sheet

Concept 2015 Q3 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $707.1M $632.8M $742.3M
YoY Change -4.75% 721.82% 1202.29%
Cash & Equivalents $472.8M $397.9M $477.4M
Short-Term Investments $234.2M $234.9M $264.9M
Other Short-Term Assets $334.0M $295.0M $43.00M
YoY Change 676.74% 259.76% -48.19%
Inventory $1.101B $1.102B $1.787B
Prepaid Expenses
Receivables $396.0M $551.0M $698.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.304B $2.347B $3.006B
YoY Change -23.36% 6.64% 37.16%
LONG-TERM ASSETS
Property, Plant & Equipment $1.960B $1.937B $1.902B
YoY Change 3.06% 8.71% 9.58%
Goodwill
YoY Change
Intangibles $231.0K $357.0K $424.0K
YoY Change -45.52% -45.33% -44.28%
Long-Term Investments $234.0M $235.0M $265.0M
YoY Change -11.7%
Other Assets $311.4M $300.4M $286.5M
YoY Change 8.69% 14.44% 41.87%
Total Long-Term Assets $2.804B $2.817B $2.872B
YoY Change -2.37% 27.29% 34.31%
TOTAL ASSETS
Total Short-Term Assets $2.304B $2.347B $3.006B
Total Long-Term Assets $2.804B $2.817B $2.872B
Total Assets $5.107B $5.164B $5.877B
YoY Change -13.1% 17.0% 35.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $212.8M $335.3M $377.3M
YoY Change -43.61% -16.66% -33.09%
Accrued Expenses $819.7M $1.131B $1.433B
YoY Change -42.79% -6.54% 37.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $1.094B $1.543B $1.824B
YoY Change -40.01% -6.18% 13.37%
LONG-TERM LIABILITIES
Long-Term Debt $1.373B $1.220B $1.149B
YoY Change 19.56% 68.62% 58.95%
Other Long-Term Liabilities $63.03M $62.61M $43.89M
YoY Change 43.61% 43.2% 27.3%
Total Long-Term Liabilities $1.436B $1.283B $1.192B
YoY Change 20.44% 67.17% 57.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.094B $1.543B $1.824B
Total Long-Term Liabilities $1.436B $1.283B $1.192B
Total Liabilities $3.216B $3.471B $3.703B
YoY Change -13.14% 28.61% 38.13%
SHAREHOLDERS EQUITY
Retained Earnings $65.37M -$123.3M $179.3M
YoY Change -63.55% -3544.29% -1242.05%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $150.8M $142.7M -$32.59M
YoY Change -562.69%
Treasury Stock Shares
Shareholders Equity $1.449B $1.218B $1.640B
YoY Change
Total Liabilities & Shareholders Equity $5.107B $5.164B $5.877B
YoY Change -13.1% 17.0% 35.75%

Cashflow Statement

Concept 2015 Q3 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $42.80M -$277.6M $141.0M
YoY Change -69.64% -991.04% -810.25%
Depreciation, Depletion And Amortization $50.70M $46.70M $70.10M
YoY Change -27.67% 47.78% 141.72%
Cash From Operating Activities -$77.30M $103.3M $186.9M
YoY Change -141.36% -30.53% 2.24%
INVESTING ACTIVITIES
Capital Expenditures -$83.50M -$300.6M -$157.8M
YoY Change -47.08% 60.41% 36.51%
Acquisitions
YoY Change
Other Investing Activities $30.20M $158.3M $71.70M
YoY Change -57.88% 121.09% 132.79%
Cash From Investing Activities -$53.30M -$142.3M -$86.20M
YoY Change -38.17% 22.88% 1.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.30M -40.60M 59.10M
YoY Change -134.35% 200.74% -153.83%
NET CHANGE
Cash From Operating Activities -77.30M 103.3M 186.9M
Cash From Investing Activities -53.30M -142.3M -86.20M
Cash From Financing Activities -20.30M -40.60M 59.10M
Net Change In Cash -150.9M -79.60M 159.8M
YoY Change -194.43% -510.31% -1454.24%
FREE CASH FLOW
Cash From Operating Activities -$77.30M $103.3M $186.9M
Capital Expenditures -$83.50M -$300.6M -$157.8M
Free Cash Flow $6.200M $403.9M $344.7M
YoY Change -98.2% 20.17% 15.52%

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us-gaap Depreciation Amortization And Accretion Net
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CY2014Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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24408000 USD
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3315000 USD
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us-gaap Earnings Per Share Diluted
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2014Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2015Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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us-gaap Gain Loss On Disposition Of Assets
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162000 USD
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1133000 USD
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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0 USD
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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us-gaap Income Tax Reconciliation Other Adjustments
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CY2015Q3 us-gaap Income Tax Reconciliation Other Adjustments
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288000 USD
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us-gaap Income Tax Reconciliation State And Local Income Taxes
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20505000 USD
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2830000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
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21726000 USD
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
74343000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
168270000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
170012000 USD
us-gaap Profit Loss
ProfitLoss
399120000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
55495000 USD
us-gaap Profit Loss
ProfitLoss
317074000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1936839000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1960149000 USD
CY2014Q3 us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
5260003000 USD
us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
15308155000 USD
CY2015Q3 us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
3217640000 USD
us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
9763440000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
410000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
35100000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
700000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1521000 USD
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1500000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-123271000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
65372000 USD
CY2014Q3 us-gaap Revenues
Revenues
5260003000 USD
us-gaap Revenues
Revenues
15308155000 USD
CY2015Q3 us-gaap Revenues
Revenues
3217640000 USD
us-gaap Revenues
Revenues
9763440000 USD
CY2014Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
40444000 USD
CY2015Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
20430000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5377000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8757000 USD
CY2014Q4 us-gaap Shares Outstanding
SharesOutstanding
91151815 shares
CY2015Q3 us-gaap Shares Outstanding
SharesOutstanding
91005208 shares
CY2015Q1 us-gaap Shares Outstanding
SharesOutstanding
91134120 shares
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
59000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1420000 USD
CY2015Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
149196000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
1218213000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
1448845000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1715256000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1890970000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
142731000 USD
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
150804000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-32593000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8073000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97344515 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72071903 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91496283 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91557371 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87656611 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71544080 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85845583 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85401028 shares

Files In Submission

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0001534504-15-000088-index-headers.html Edgar Link pending
0001534504-15-000088-index.html Edgar Link pending
0001534504-15-000088.txt Edgar Link pending
0001534504-15-000088-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
pbf-20150930.xml Edgar Link completed
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pbf-20150930_cal.xml Edgar Link unprocessable
pbf-20150930_def.xml Edgar Link unprocessable
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pbfenergy-9302015.htm Edgar Link pending
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