2019 Q4 Form 10-K Financial Statement

#000153450420000030 Filed on February 20, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $6.302B $24.51B $6.293B
YoY Change 0.14% -9.85% -3.72%
Cost Of Revenue $5.501B $23.60B $6.035B
YoY Change -8.84% -11.24% 7.26%
Gross Profit $800.3M $913.1M $258.1M
YoY Change 210.07% 51.53% -71.63%
Gross Profit Margin 12.7% 3.73% 4.1%
Selling, General & Admin $104.0M $272.0M $85.50M
YoY Change 21.64% -1.81% 19.75%
% of Gross Profit 13.0% 29.79% 33.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $116.2M $258.1M $100.9M
YoY Change 15.16% 24.33% 18.99%
% of Gross Profit 14.52% 28.27% 39.09%
Operating Expenses $650.2M $1.782B $636.4M
YoY Change 2.17% 3.56% 11.3%
Operating Profit $123.0M $649.0M -$446.2M
YoY Change -127.57% 81.23% -275.25%
Interest Expense -$62.70M $159.6M -$109.1M
YoY Change -42.53% -6.06% -11.73%
% of Operating Profit -50.98% 24.59%
Other Income/Expense, Net $0.00 $0.00 $6.400M
YoY Change -100.0% -100.0% -97.43%
Pretax Income $81.40M $479.5M -$481.0M
YoY Change -116.92% 129.65% -203.87%
Income Tax $12.30M $104.3M -$134.3M
% Of Pretax Income 15.11% 21.75%
Net Earnings $53.00M $319.4M -$353.8M
YoY Change -114.98% 148.95% -246.26%
Net Earnings / Revenue 0.84% 1.3% -5.62%
Basic Earnings Per Share $2.66
Diluted Earnings Per Share $0.44 $2.64 -$2.97
COMMON SHARES
Basic Shares Outstanding 119.9M shares
Diluted Shares Outstanding 121.9M shares

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $815.0M $815.0M $597.0M
YoY Change 36.52% 36.52% 4.19%
Cash & Equivalents $814.9M $815.0M $597.3M
Short-Term Investments
Other Short-Term Assets $52.00M $52.00M $56.00M
YoY Change -7.14% -7.14% -12.5%
Inventory $2.122B $2.122B $1.866B
Prepaid Expenses
Receivables $835.0M $835.0M $718.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.824B $3.824B $3.237B
YoY Change 18.13% 18.13% -14.88%
LONG-TERM ASSETS
Property, Plant & Equipment $4.023B $4.354B $3.821B
YoY Change 5.29% 13.95% 9.82%
Goodwill
YoY Change
Intangibles $24.30M $25.60M
YoY Change -5.08% 4667.23%
Long-Term Investments
YoY Change
Other Assets $954.9M $931.0M $899.1M
YoY Change 6.21% 16.67% 14.95%
Total Long-Term Assets $5.309B $5.308B $4.769B
YoY Change 11.33% 11.33% 10.51%
TOTAL ASSETS
Total Short-Term Assets $3.824B $3.824B $3.237B
Total Long-Term Assets $5.309B $5.308B $4.769B
Total Assets $9.132B $9.132B $8.005B
YoY Change 14.08% 14.08% -1.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $601.4M $601.0M $488.4M
YoY Change 23.14% 9.47% -15.58%
Accrued Expenses $1.816B $1.879B $1.624B
YoY Change 11.83% 20.68% -10.54%
Deferred Revenue $20.10M $20.10M
YoY Change 0.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.000M $7.000M $2.000M
YoY Change 250.0% 250.0% -88.24%
Total Short-Term Liabilities $2.509B $2.509B $2.135B
YoY Change 17.55% 17.52% -11.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.065B $2.083B $1.931B
YoY Change 6.92% 7.87% -11.21%
Other Long-Term Liabilities $250.9M $858.0M $277.2M
YoY Change -9.49% 31.8% 22.79%
Total Long-Term Liabilities $2.316B $2.941B $2.209B
YoY Change 4.86% 13.9% -8.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.509B $2.509B $2.135B
Total Long-Term Liabilities $2.316B $2.941B $2.209B
Total Liabilities $5.547B $6.093B $4.757B
YoY Change 16.61% 14.34% -8.79%
SHAREHOLDERS EQUITY
Retained Earnings $401.2M $225.8M
YoY Change 77.68% -4.64%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $165.7M $160.8M
YoY Change 3.05% 5.38%
Treasury Stock Shares 6.425M shares 6.274M shares
Shareholders Equity $3.040B $3.040B $2.677B
YoY Change
Total Liabilities & Shareholders Equity $9.132B $9.132B $8.005B
YoY Change 14.08% 14.08% -1.39%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $53.00M $319.4M -$353.8M
YoY Change -114.98% 148.95% -246.26%
Depreciation, Depletion And Amortization $116.2M $258.1M $100.9M
YoY Change 15.16% 24.33% 18.99%
Cash From Operating Activities $501.3M $933.5M $117.6M
YoY Change 326.28% 11.4% -67.67%
INVESTING ACTIVITIES
Capital Expenditures -$119.1M $404.9M -$190.4M
YoY Change -37.45% 27.53% 146.95%
Acquisitions
YoY Change
Other Investing Activities $0.00 $36.30M -$75.40M
YoY Change -100.0% -142.66%
Cash From Investing Activities -$119.1M -$712.6M -$265.8M
YoY Change -55.19% 3.94% 244.75%
FINANCING ACTIVITIES
Cash Dividend Paid $143.5M
YoY Change 3.24%
Common Stock Issuance & Retirement, Net $4.900M
YoY Change -101.76%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -103.6M -$3.300M -313.8M
YoY Change -66.99% -97.42% 2079.17%
NET CHANGE
Cash From Operating Activities 501.3M $933.5M 117.6M
Cash From Investing Activities -119.1M -$712.6M -265.8M
Cash From Financing Activities -103.6M -$3.300M -313.8M
Net Change In Cash 278.6M $217.6M -462.0M
YoY Change -160.3% 795.47% -269.73%
FREE CASH FLOW
Cash From Operating Activities $501.3M $933.5M $117.6M
Capital Expenditures -$119.1M $404.9M -$190.4M
Free Cash Flow $620.4M $528.6M $308.0M
YoY Change 101.43% 1.56% -30.13%

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5600000 USD
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103700000 USD
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25400000 USD
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CY2019 us-gaap Gains Losses On Extinguishment Of Debt
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CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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CY2019 us-gaap Pension And Other Postretirement Benefit Expense
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0 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
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29900000 USD
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43100000 USD
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54700000 USD
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CY2018 us-gaap Increase Decrease In Other Current Assets
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CY2019 us-gaap Increase Decrease In Accounts Payable
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137500000 USD
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55200000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
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CY2019 pbf Payments For Deferred Turnaround Costs
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379100000 USD
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44700000 USD
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36300000 USD
CY2018 us-gaap Proceeds From Sale Of Productive Assets
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48300000 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
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0 USD
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0 USD
CY2018 us-gaap Payments To Acquire Marketable Securities
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0 USD
CY2017 us-gaap Payments To Acquire Marketable Securities
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CY2019 us-gaap Proceeds From Issuance Of Common Limited Partners Units
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CY2018 us-gaap Proceeds From Issuance Of Common Limited Partners Units
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34900000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Limited Partners Units
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CY2019 us-gaap Payments Of Dividends
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62500000 USD
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48200000 USD
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2100000 USD
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1350000000.0 USD
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490000000.0 USD
CY2019 us-gaap Repayments Of Lines Of Credit
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1350000000.0 USD
CY2018 us-gaap Repayments Of Lines Of Credit
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350000000.0 USD
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490000000.0 USD
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CY2018 us-gaap Repayments Of Notes Payable
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5600000 USD
CY2017 us-gaap Repayments Of Notes Payable
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1200000 USD
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32000000.0 USD
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CY2017 us-gaap Other Payments To Acquire Businesses
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CY2019 pbf Sale Leaseback Transaction Settlements
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6500000 USD
CY2018 pbf Sale Leaseback Transaction Settlements
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9100000 USD
CY2017 pbf Sale Leaseback Transaction Settlements
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5400000 USD
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CY2018 us-gaap Proceeds From Stock Options Exercised
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14000000.0 USD
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10500000 USD
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4900000 USD
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8200000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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1000000.0 USD
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1600000 USD
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CY2017 us-gaap Proceeds From Payments For Other Financing Activities
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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597300000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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573000000.0 USD
CY2019 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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37200000 USD
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90200000 USD
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26800000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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408600000 USD
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21100000 USD
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CY2019 pbf Notepayableissuedforpurchaseofpropertyplantandequipment
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0 USD
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6800000 USD
CY2019 us-gaap Interest Paid Net
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CY2018 us-gaap Interest Paid Net
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CY2017 us-gaap Interest Paid Net
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2700000 USD
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700000 USD
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CY2019 us-gaap Number Of Reportable Segments
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<div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the related disclosures. Actual results could differ from those estimates.</span></div>
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentrations of Credit Risk</span></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For the years ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;"><span>no</span></span><span style="font-family:inherit;font-size:10pt;"> single customer amounted to greater than or equal to </span><span style="font-family:inherit;font-size:10pt;">10%</span><span style="font-family:inherit;font-size:10pt;"> of the Company’s revenues. </span></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>No</span></span><span style="font-family:inherit;font-size:10pt;"> single customer accounted for </span><span style="font-family:inherit;font-size:10pt;">10%</span><span style="font-family:inherit;font-size:10pt;"> or more of our total trade accounts receivable as of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> or </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. </span></div>
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2019 pbf Distributionto Stockholders Asa Percentof Tax Benefit Receivedfrom Increasesin Tax Basis
DistributiontoStockholdersAsaPercentofTaxBenefitReceivedfromIncreasesinTaxBasis
0.85
CY2019Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
278100000 USD
CY2019 pbf Tax Credit Carryforward Expiration Period
TaxCreditCarryforwardExpirationPeriod
P10Y
CY2019Q4 pbf Corporate Federal Tax Rate
CorporateFederalTaxRate
0.21
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
250000000.0 USD
CY2019Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6585500 shares
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
135000000.0 USD
CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
11600000 USD
CY2018 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2900000 USD
CY2017 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1000000.0 USD
CY2019Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
1074100000 USD
CY2019Q4 pbf Energy Related Inventory Refined Products And Blendstocks
EnergyRelatedInventoryRefinedProductsAndBlendstocks
1328900000 USD
CY2019Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
120800000 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
2523800000 USD
CY2019Q4 us-gaap Inventory Adjustments
InventoryAdjustments
401600000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
2122200000 USD
CY2018Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
1044800000 USD
CY2018Q4 pbf Energy Related Inventory Refined Products And Blendstocks
EnergyRelatedInventoryRefinedProductsAndBlendstocks
1361700000 USD
CY2018Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
111100000 USD
CY2018Q4 us-gaap Inventory Gross
InventoryGross
2517600000 USD
CY2018Q4 us-gaap Inventory Adjustments
InventoryAdjustments
651800000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
1865800000 USD
CY2018Q4 us-gaap Inventory Adjustments
InventoryAdjustments
651800000 USD
CY2019Q4 us-gaap Inventory Adjustments
InventoryAdjustments
401600000 USD
CY2017Q4 us-gaap Inventory Adjustments
InventoryAdjustments
300500000 USD
CY2018Q4 us-gaap Inventory Adjustments
InventoryAdjustments
651800000 USD
CY2019 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
4900000 USD
CY2018 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
21900000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4988800000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4605900000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
965600000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
785000000.0 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4023200000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3820900000 USD
CY2019 us-gaap Depreciation
Depreciation
178000000.0 USD
CY2018 us-gaap Depreciation
Depreciation
162200000 USD
CY2017 us-gaap Depreciation
Depreciation
147000000.0 USD
CY2019Q4 pbf Deferred Restructuring Charges
DeferredRestructuringCharges
722700000 USD
CY2018Q4 pbf Deferred Restructuring Charges
DeferredRestructuringCharges
673100000 USD
CY2019Q4 pbf Financing Arrangement Transaction Asset Portionof Transaction
FinancingArrangementTransactionAssetPortionofTransaction
132700000 USD
CY2018Q4 pbf Financing Arrangement Transaction Asset Portionof Transaction
FinancingArrangementTransactionAssetPortionofTransaction
124300000 USD
CY2019Q4 pbf Environmental Credits
EnvironmentalCredits
37800000 USD
CY2018Q4 pbf Environmental Credits
EnvironmentalCredits
37800000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
24300000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
25600000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
24200000 USD
CY2018Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
0 USD
CY2019Q4 pbf Oil And Gas Property Indefinite Lived Tangible Asset
OilAndGasPropertyIndefiniteLivedTangibleAsset
19500000 USD
CY2018Q4 pbf Oil And Gas Property Indefinite Lived Tangible Asset
OilAndGasPropertyIndefiniteLivedTangibleAsset
19500000 USD
CY2019Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
10300000 USD
CY2018Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
9700000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
7600000 USD
CY2018Q4 us-gaap Other Assets
OtherAssets
9100000 USD
CY2019Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
979100000 USD
CY2018Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
899100000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
258100000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
207600000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
144000000.0 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29500000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29500000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5200000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3900000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24300000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25600000 USD
CY2019Q4 pbf Inventory Related Accruals
InventoryRelatedAccruals
1103200000 USD
CY2018Q4 pbf Inventory Related Accruals
InventoryRelatedAccruals
846300000 USD
CY2019Q4 pbf Inventory Supply And Offtake Arrangements
InventorySupplyAndOfftakeArrangements
278100000 USD
CY2018Q4 pbf Inventory Supply And Offtake Arrangements
InventorySupplyAndOfftakeArrangements
249400000 USD
CY2019Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
98600000 USD
CY2018Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
149400000 USD
CY2019Q4 pbf Accrued Transportation Costs
AccruedTransportationCosts
88700000 USD
CY2018Q4 pbf Accrued Transportation Costs
AccruedTransportationCosts
53600000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
81100000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
89800000 USD
CY2019Q4 us-gaap Accrued Utilities Current And Noncurrent
AccruedUtilitiesCurrentAndNoncurrent
40100000 USD
CY2018Q4 us-gaap Accrued Utilities Current And Noncurrent
AccruedUtilitiesCurrentAndNoncurrent
49800000 USD
CY2019Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
32200000 USD
CY2018Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
60600000 USD
CY2019Q4 pbf Renewable Energy Credit Obligations
RenewableEnergyCreditObligations
17700000 USD
CY2018Q4 pbf Renewable Energy Credit Obligations
RenewableEnergyCreditObligations
27100000 USD
CY2019Q4 pbf Accruedrefinerymaintenanceandsupportcosts
Accruedrefinerymaintenanceandsupportcosts
16900000 USD
CY2018Q4 pbf Accruedrefinerymaintenanceandsupportcosts
Accruedrefinerymaintenanceandsupportcosts
19000000.0 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
12800000 USD
CY2018Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
7000000.0 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
12100000 USD
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
12100000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
10000000.0 USD
CY2018Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
0 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6500000 USD
CY2018Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
0 USD
CY2019Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
1800000 USD
CY2018Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
5600000 USD
CY2019Q4 pbf Deferredpayment East Coast Storage Assets Acquisition
DeferredpaymentEastCoastStorageAssetsAcquisition
0 USD
CY2018Q4 pbf Deferredpayment East Coast Storage Assets Acquisition
DeferredpaymentEastCoastStorageAssetsAcquisition
30900000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
15800000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
23000000.0 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1815600000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1623600000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2097300000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1974700000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
0 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
2400000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
32400000 USD
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
41000000.0 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2064900000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1931300000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
21400000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
19800000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
20900000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2097300000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1310200000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
725000000.0 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
121800000 USD
CY2018Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
137200000 USD
CY2019Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
73800000 USD
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
75000000.0 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
18400000 USD
CY2018Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 USD
CY2019Q4 pbf Railcar Liability
RailcarLiability
17600000 USD
CY2018Q4 pbf Railcar Liability
RailcarLiability
23300000 USD
CY2019Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
17500000 USD
CY2018Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
19300000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
16100000 USD
CY2018Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
21600000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
4100000 USD
CY2018Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
800000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
269300000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
277200000 USD
CY2019 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
65000000.0 USD
CY2018 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
68600000 USD
CY2017 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
64100000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
30500000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
26300000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
20400000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
20400000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
20400000 USD
CY2019Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
96100000 USD
CY2019Q4 us-gaap Contractual Obligation
ContractualObligation
214100000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
134600000 USD
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
144200000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
121800000 USD
CY2018Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
137200000 USD
CY2014Q1 pbf Public Utilities Regulatory Liabilities Maximum Amount Of Sulfur Allowed In Heating Oil
PublicUtilitiesRegulatoryLiabilitiesMaximumAmountOfSulfurAllowedInHeatingOil
10
CY2019 pbf Public Utilities Regulatory Liabilities Maximum Amount Of Sulfur Allowed In Heating Oil
PublicUtilitiesRegulatoryLiabilitiesMaximumAmountOfSulfurAllowedInHeatingOil
80
CY2019 pbf Distributionto Stockholders Asa Percentof Tax Benefit Receivedfrom Increasesin Tax Basis
DistributiontoStockholdersAsaPercentofTaxBenefitReceivedfromIncreasesinTaxBasis
0.85
CY2019Q4 pbf Payableto Related Parties Tax Receivable Agreement
PayabletoRelatedPartiesTaxReceivableAgreement
373500000 USD
CY2019Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P20Y
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1400000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
306400000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
24200000 USD
CY2019Q4 pbf Lease Rightof Use Asset
LeaseRightofUseAsset
330600000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
72100000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6500000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
233100000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
18400000 USD
CY2019Q4 pbf Lease Liability
LeaseLiability
330100000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2000000.0 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
800000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
109800000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
89200000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
8300000 USD
CY2019 us-gaap Lease Cost
LeaseCost
210100000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
110300000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
800000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y9M18D
CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0748
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0598
CY2019Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
7800000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
92400000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
7800000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
58500000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
2000000.0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
41500000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2000000.0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
31900000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
2000000.0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
33200000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
8800000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
231600000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
30400000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
489100000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
5500000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
183900000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
24900000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
305200000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6500000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
72100000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
18400000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
233100000 USD
CY2016Q4 us-gaap Shares Outstanding
SharesOutstanding
113124949 shares
CY2016Q4 pbf Ownership Percentage Of Equity Held
OwnershipPercentageOfEquityHeld
1.000
CY2017Q4 us-gaap Shares Outstanding
SharesOutstanding
114332995 shares
CY2017Q4 pbf Ownership Percentage Of Equity Held
OwnershipPercentageOfEquityHeld
1.000
CY2018Q3 us-gaap Shares Outstanding
SharesOutstanding
121059199 shares
CY2018Q4 us-gaap Shares Outstanding
SharesOutstanding
121080516 shares
CY2018Q3 pbf Ownership Percentage Of Equity Held
OwnershipPercentageOfEquityHeld
1.000
CY2018Q4 pbf Ownership Percentage Of Equity Held
OwnershipPercentageOfEquityHeld
1.000
CY2019Q4 us-gaap Shares Outstanding
SharesOutstanding
121020288 shares
CY2019Q4 pbf Ownership Percentage Of Equity Held
OwnershipPercentageOfEquityHeld
1.000
CY2016Q4 pbf Limited Partners Capital Account Ownership Percentage
LimitedPartnersCapitalAccountOwnershipPercentage
1.000
CY2017Q4 pbf Limited Partners Capital Account Ownership Percentage
LimitedPartnersCapitalAccountOwnershipPercentage
1.000
CY2018Q3 pbf Limited Partners Capital Account Ownership Percentage
LimitedPartnersCapitalAccountOwnershipPercentage
1.000
CY2018Q3 pbf Limited Partners Capital Account Ownership Percentage
LimitedPartnersCapitalAccountOwnershipPercentage
1.000
CY2018Q4 pbf Limited Partners Capital Account Ownership Percentage
LimitedPartnersCapitalAccountOwnershipPercentage
1.000
CY2019Q2 pbf Limited Partners Capital Account Ownership Percentage
LimitedPartnersCapitalAccountOwnershipPercentage
1.000
CY2019Q4 pbf Limited Partners Capital Account Ownership Percentage
LimitedPartnersCapitalAccountOwnershipPercentage
1.000
CY2018Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6000000 shares
CY2018Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
287300000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3248500000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
389400000 USD
CY2019 pbf Dividendsand Distributions
DividendsandDistributions
211100000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-1300000 USD
CY2019 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
-132500000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
34000000.0 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
300000 USD
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CY2019Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
374800000 USD
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
401600000 USD
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5802800000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7444100000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7646300000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6292900000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
95700000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
422300000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
286300000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-446200000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
41800000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
287700000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
192500000 USD
CY2018Q4 us-gaap Profit Loss
ProfitLoss
-346700000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
30400000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
272100000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
179600000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-353800000 USD
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.37
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.50
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.97
CY2019 us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
0 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5216200000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6560000000.0 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6430500000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6301500000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
364600000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9500000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
151900000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
123000000.0 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
241400000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-21600000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
86300000 USD
CY2019Q4 us-gaap Profit Loss
ProfitLoss
69100000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
229200000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-32200000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
69400000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
53000000.0 USD
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.89

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