2020 Form 10-K Financial Statement

#000153450421000008 Filed on February 18, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $15.12B $6.302B $24.51B
YoY Change -38.32% 0.14% -9.85%
Cost Of Revenue $16.75B $5.501B $23.60B
YoY Change -29.03% -8.84% -11.24%
Gross Profit -$1.630B $800.3M $913.1M
YoY Change -278.48% 210.07% 51.53%
Gross Profit Margin -10.78% 12.7% 3.73%
Selling, General & Admin $236.0M $104.0M $272.0M
YoY Change -13.24% 21.64% -1.81%
% of Gross Profit 13.0% 29.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $325.9M $116.2M $258.1M
YoY Change 26.27% 15.16% 24.33%
% of Gross Profit 14.52% 28.27%
Operating Expenses $2.623B $650.2M $1.782B
YoY Change 47.17% 2.17% 3.56%
Operating Profit -$1.417B $123.0M $649.0M
YoY Change -318.31% -127.57% 81.23%
Interest Expense $258.2M -$62.70M $159.6M
YoY Change 61.78% -42.53% -6.06%
% of Operating Profit -50.98% 24.59%
Other Income/Expense, Net $378.0M $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income -$1.331B $81.40M $479.5M
YoY Change -377.62% -116.92% 129.65%
Income Tax $2.100M $12.30M $104.3M
% Of Pretax Income 15.11% 21.75%
Net Earnings -$1.392B $53.00M $319.4M
YoY Change -535.94% -114.98% 148.95%
Net Earnings / Revenue -9.21% 0.84% 1.3%
Basic Earnings Per Share -$11.64 $2.66
Diluted Earnings Per Share -$11.64 $0.44 $2.64
COMMON SHARES
Basic Shares Outstanding 119.6M shares 119.9M shares
Diluted Shares Outstanding 120.7M shares 121.9M shares

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.610B $815.0M $815.0M
YoY Change 97.55% 36.52% 36.52%
Cash & Equivalents $1.610B $814.9M $815.0M
Short-Term Investments
Other Short-Term Assets $59.00M $52.00M $52.00M
YoY Change 13.46% -7.14% -7.14%
Inventory $1.686B $2.122B $2.122B
Prepaid Expenses
Receivables $513.0M $835.0M $835.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.867B $3.824B $3.824B
YoY Change 1.12% 18.13% 18.13%
LONG-TERM ASSETS
Property, Plant & Equipment $5.760B $4.023B $4.354B
YoY Change 32.29% 5.29% 13.95%
Goodwill
YoY Change
Intangibles $24.30M
YoY Change -5.08%
Long-Term Investments
YoY Change
Other Assets $862.0M $954.9M $931.0M
YoY Change -7.41% 6.21% 16.67%
Total Long-Term Assets $6.633B $5.309B $5.308B
YoY Change 24.96% 11.33% 11.33%
TOTAL ASSETS
Total Short-Term Assets $3.867B $3.824B $3.824B
Total Long-Term Assets $6.633B $5.309B $5.308B
Total Assets $10.50B $9.132B $9.132B
YoY Change 14.98% 14.08% 14.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $407.0M $601.4M $601.0M
YoY Change -32.28% 23.14% 9.47%
Accrued Expenses $1.972B $1.816B $1.879B
YoY Change 4.95% 11.83% 20.68%
Deferred Revenue $20.10M
YoY Change 0.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $22.00M $7.000M $7.000M
YoY Change 214.29% 250.0% 250.0%
Total Short-Term Liabilities $2.452B $2.509B $2.509B
YoY Change -2.27% 17.55% 17.52%
LONG-TERM LIABILITIES
Long-Term Debt $4.722B $2.065B $2.083B
YoY Change 126.69% 6.92% 7.87%
Other Long-Term Liabilities $1.025B $250.9M $858.0M
YoY Change 19.46% -9.49% 31.8%
Total Long-Term Liabilities $5.747B $2.316B $2.941B
YoY Change 95.41% 4.86% 13.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.452B $2.509B $2.509B
Total Long-Term Liabilities $5.747B $2.316B $2.941B
Total Liabilities $8.857B $5.547B $6.093B
YoY Change 45.36% 16.61% 14.34%
SHAREHOLDERS EQUITY
Retained Earnings $401.2M
YoY Change 77.68%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $165.7M
YoY Change 3.05%
Treasury Stock Shares 6.425M shares
Shareholders Equity $1.643B $3.040B $3.040B
YoY Change
Total Liabilities & Shareholders Equity $10.50B $9.132B $9.132B
YoY Change 14.98% 14.08% 14.08%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$1.392B $53.00M $319.4M
YoY Change -535.94% -114.98% 148.95%
Depreciation, Depletion And Amortization $325.9M $116.2M $258.1M
YoY Change 26.27% 15.16% 24.33%
Cash From Operating Activities -$631.6M $501.3M $933.5M
YoY Change -167.66% 326.28% 11.4%
INVESTING ACTIVITIES
Capital Expenditures $196.2M -$119.1M $404.9M
YoY Change -51.54% -37.45% 27.53%
Acquisitions
YoY Change
Other Investing Activities -$633.1M $0.00 $36.30M
YoY Change -1844.08% -100.0% -142.66%
Cash From Investing Activities -$1.027B -$119.1M -$712.6M
YoY Change 44.05% -55.19% 3.94%
FINANCING ACTIVITIES
Cash Dividend Paid $143.5M
YoY Change 3.24%
Common Stock Issuance & Retirement, Net $1.600M $4.900M
YoY Change -67.35% -101.76%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.453B -103.6M -$3.300M
YoY Change -74424.24% -66.99% -97.42%
NET CHANGE
Cash From Operating Activities -$631.6M 501.3M $933.5M
Cash From Investing Activities -$1.027B -119.1M -$712.6M
Cash From Financing Activities $2.453B -103.6M -$3.300M
Net Change In Cash $794.6M 278.6M $217.6M
YoY Change 265.17% -160.3% 795.47%
FREE CASH FLOW
Cash From Operating Activities -$631.6M $501.3M $933.5M
Capital Expenditures $196.2M -$119.1M $404.9M
Free Cash Flow -$827.8M $620.4M $528.6M
YoY Change -256.6% 101.43% 1.56%

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CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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%">Reclassification</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%">As of December 31, 2020, Financing lease right of use assets, previously included in Deferred charges and other assets, net, in the Consolidated Balance Sheets, are reflected within Lease right of use assets, which is inclusive of both operating and financing lease right of use assets. Financing lease liabilities, previously included in Other long-term liabilities, in the Consolidated Balance Sheets, are presented as separate line items in the Consolidated Financial Statements. The amounts related to such balance sheet accounts have also been reclassified in their respective footnotes for prior periods to conform to the 2020 presentation.</span></div>
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<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 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>
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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%">Concentrations of Credit Risk</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%">For the year ended December 31, 2020, only one customer, Royal Dutch Shell, accounted for 10% or more of the Company’s revenues (approximately 13%). For the years ended December 31, 2019, and 2018 no single customer amounted to greater than or equal to 10% of the Company’s revenues. </span></div>As of December 31, 2020, only one customer, Royal Dutch Shell, accounted for 10% or more of the Company’s total trade accounts receivable (approximately 16%). No single customer accounted for 10% or more of the Company’s total trade accounts receivable as of December 31, 2019.
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
250000000.0 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
250000000.0 USD
CY2020 pbf Accelerated Amortization Deferred Turnaround Costs
AcceleratedAmortizationDeferredTurnaroundCosts
56200000 USD
CY2020 pbf Distributionto Stockholders Asa Percentof Tax Benefit Receivedfrom Increasesin Tax Basis
DistributiontoStockholdersAsaPercentofTaxBenefitReceivedfromIncreasesinTaxBasis
0.85
CY2020Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
155200000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
358400000 USD
CY2020Q4 pbf Payable To Related Parties Tax Receivable Agreement Noncurrent
PayableToRelatedPartiesTaxReceivableAgreementNoncurrent
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
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
12500000 USD
CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
11600000 USD
CY2018 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2900000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2020Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
1018900000 USD
CY2020Q4 pbf Energy Related Inventory Refined Products And Blendstocks
EnergyRelatedInventoryRefinedProductsAndBlendstocks
1200200000 USD
CY2020Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
136700000 USD
CY2020Q4 us-gaap Inventory Gross
InventoryGross
2355800000 USD
CY2020Q4 us-gaap Inventory Adjustments
InventoryAdjustments
669600000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1686200000 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
CY2019Q4 us-gaap Inventory Adjustments
InventoryAdjustments
401600000 USD
CY2020Q4 us-gaap Inventory Adjustments
InventoryAdjustments
669600000 USD
CY2018Q4 us-gaap Inventory Adjustments
InventoryAdjustments
651800000 USD
CY2019Q4 us-gaap Inventory Adjustments
InventoryAdjustments
401600000 USD
CY2020 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
83000000.0 USD
CY2019 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
4900000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6051400000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4988800000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1208100000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
965600000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4843300000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4023200000 USD
CY2020 us-gaap Depreciation
Depreciation
223000000.0 USD
CY2019 us-gaap Depreciation
Depreciation
178000000.0 USD
CY2018 us-gaap Depreciation
Depreciation
162200000 USD
CY2020Q2 pbf Number Of Hydrogen Plants Sold
NumberOfHydrogenPlantsSold
5 hydrogenPlants
CY2020Q4 pbf Deferred Restructuring Charges
DeferredRestructuringCharges
598200000 USD
CY2019Q4 pbf Deferred Restructuring Charges
DeferredRestructuringCharges
722700000 USD
CY2020Q4 pbf Financing Arrangement Transaction Asset Portionof Transaction
FinancingArrangementTransactionAssetPortionofTransaction
155200000 USD
CY2019Q4 pbf Financing Arrangement Transaction Asset Portionof Transaction
FinancingArrangementTransactionAssetPortionofTransaction
132700000 USD
CY2020Q4 pbf Environmental Credits
EnvironmentalCredits
39600000 USD
CY2019Q4 pbf Environmental Credits
EnvironmentalCredits
37800000 USD
CY2020Q4 pbf Oil And Gas Property Indefinite Lived Tangible Asset
OilAndGasPropertyIndefiniteLivedTangibleAsset
27400000 USD
CY2019Q4 pbf Oil And Gas Property Indefinite Lived Tangible Asset
OilAndGasPropertyIndefiniteLivedTangibleAsset
19500000 USD
CY2020Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
21200000 USD
CY2019Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
10300000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10100000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
24300000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
20500000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
7600000 USD
CY2020Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
872200000 USD
CY2019Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
954900000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
325900000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
258100000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
207600000 USD
CY2020 pbf Accelerated Amortization Deferred Turnaround Costs
AcceleratedAmortizationDeferredTurnaroundCosts
56200000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
25500000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15400000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5200000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10100000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24300000 USD
CY2020Q4 pbf Inventory Related Accruals
InventoryRelatedAccruals
695000000.0 USD
CY2019Q4 pbf Inventory Related Accruals
InventoryRelatedAccruals
1103200000 USD
CY2020Q4 pbf Renewable Energy Credit Obligations
RenewableEnergyCreditObligations
528100000 USD
CY2019Q4 pbf Renewable Energy Credit Obligations
RenewableEnergyCreditObligations
17700000 USD
CY2020Q4 pbf Inventory Supply And Offtake Arrangements
InventorySupplyAndOfftakeArrangements
225800000 USD
CY2019Q4 pbf Inventory Supply And Offtake Arrangements
InventorySupplyAndOfftakeArrangements
278100000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
120100000 USD
CY2019Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
98600000 USD
CY2020Q4 pbf Accrued Transportation Costs
AccruedTransportationCosts
72100000 USD
CY2019Q4 pbf Accrued Transportation Costs
AccruedTransportationCosts
88700000 USD
CY2020Q4 us-gaap Accrued Utilities Current And Noncurrent
AccruedUtilitiesCurrentAndNoncurrent
58600000 USD
CY2019Q4 us-gaap Accrued Utilities Current And Noncurrent
AccruedUtilitiesCurrentAndNoncurrent
40100000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
46100000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
12100000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
42200000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
81100000 USD
CY2020Q4 pbf Accruedrefinerymaintenanceandsupportcosts
Accruedrefinerymaintenanceandsupportcosts
35700000 USD
CY2019Q4 pbf Accruedrefinerymaintenanceandsupportcosts
Accruedrefinerymaintenanceandsupportcosts
16900000 USD
CY2020Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
15000000.0 USD
CY2019Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
32200000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
14400000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6500000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
12100000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
10000000.0 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
11800000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
12800000 USD
CY2020Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
4000000.0 USD
CY2019Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
1800000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
30500000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
15800000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1911500000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1815600000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4712100000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2097300000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
7400000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
0 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
51100000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
32400000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4653600000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2064900000 USD
CY2020Q1 pbf Uncommitted Receivables Purchase Facility Maximum Borrowing
UncommittedReceivablesPurchaseFacilityMaximumBorrowing
300000000.0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
86300000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
23600000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1626600000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1975600000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1000000000.0 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4712100000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
141900000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
121800000 USD
CY2020Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
73500000 USD
CY2019Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
73800000 USD
CY2020Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
22000000.0 USD
CY2019Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
17500000 USD
CY2020Q4 pbf Railcar Liability
RailcarLiability
13900000 USD
CY2019Q4 pbf Railcar Liability
RailcarLiability
17600000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
0 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
16100000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
17200000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
153700000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
4100000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
268500000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
250900000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
43600000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
16800000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
16800000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
12500000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
12500000 USD
CY2020Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
42900000 USD
CY2020Q4 us-gaap Contractual Obligation
ContractualObligation
145100000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
134600000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
141900000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
121800000 USD
CY2014Q1 pbf Public Utilities Regulatory Liabilities Maximum Amount Of Sulfur Allowed In Heating Oil
PublicUtilitiesRegulatoryLiabilitiesMaximumAmountOfSulfurAllowedInHeatingOil
10 ppm
CY2020 pbf Public Utilities Regulatory Liabilities Maximum Amount Of Sulfur Allowed In Heating Oil
PublicUtilitiesRegulatoryLiabilitiesMaximumAmountOfSulfurAllowedInHeatingOil
80 ppm
CY2020 pbf Distributionto Stockholders Asa Percentof Tax Benefit Receivedfrom Increasesin Tax Basis
DistributiontoStockholdersAsaPercentofTaxBenefitReceivedfromIncreasesinTaxBasis
0.85
CY2020Q4 pbf Payableto Related Parties Tax Receivable Agreement
PayabletoRelatedPartiesTaxReceivableAgreement
0 USD
CY2019Q4 pbf Payableto Related Parties Tax Receivable Agreement
PayabletoRelatedPartiesTaxReceivableAgreement
373500000 USD
CY2020Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P20Y
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
836500000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
306400000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
80400000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
14000000.0 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
24200000 USD
CY2020Q4 pbf Lease Rightof Use Asset
LeaseRightofUseAsset
916900000 USD
CY2019Q4 pbf Lease Rightof Use Asset
LeaseRightofUseAsset
330600000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
78400000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
72100000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
14400000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6500000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
756000000.0 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
233100000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
68300000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
18400000 USD
CY2020Q4 pbf Lease Liability
LeaseLiability
917100000 USD
CY2019Q4 pbf Lease Liability
LeaseLiability
330100000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2000000.0 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4300000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
800000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
162300000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
109800000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
92300000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
89200000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
11600000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
8300000 USD
CY2020 us-gaap Lease Cost
LeaseCost
284500000 USD
CY2019 us-gaap Lease Cost
LeaseCost
210100000 USD
CY2020Q2 pbf Number Of Hydrogen Plants Sold
NumberOfHydrogenPlantsSold
5 hydrogenPlants
CY2020Q2 us-gaap Sale Leaseback Transaction Gross Proceeds Investing Activities
SaleLeasebackTransactionGrossProceedsInvestingActivities
530000000.0 USD
CY2020 us-gaap Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
0 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
163100000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
110300000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
4300000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
800000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
12400000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1400000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
702000000.0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
184900000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y9M18D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.096
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.055
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
18600000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
153000000.0 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
12800000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
134100000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
12800000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
111800000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
12800000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
111400000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
11400000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
98000000.0 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
31700000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
907300000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
100100000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1515600000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
17400000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
681200000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
82700000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
834400000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
14400000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
78400000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
68300000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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756000000.0 USD
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1405000000.0 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
322200000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
131000000.0 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119617998 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119887646 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115190262 shares
CY2020 pbf Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfStock
1042667 shares
CY2019 pbf Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfStock
1207581 shares
CY2018 pbf Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfStock
1938089 shares
CY2020 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
758072 shares
CY2018 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1645255 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120660665 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121853299 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118773606 shares
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.64
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.64
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.10
CY2020 pbf Statutorytaxrate
Statutorytaxrate
0.266
CY2019 pbf Statutorytaxrate
Statutorytaxrate
0.249
CY2018 pbf Statutorytaxrate
Statutorytaxrate
0.260
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4712100000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3983600000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2097300000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2184300000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
7400000 USD
CY2020Q4 pbf Long Term Debt And Capital Lease Obligations Current Fair Value Disclosure
LongTermDebtAndCapitalLeaseObligationsCurrentFairValueDisclosure
7400000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
0 USD
CY2019Q4 pbf Long Term Debt And Capital Lease Obligations Current Fair Value Disclosure
LongTermDebtAndCapitalLeaseObligationsCurrentFairValueDisclosure
0 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
51100000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
32400000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4653600000 USD
CY2020Q4 pbf Long Term Debt Excluding Current Maturities Fair Value
LongTermDebtExcludingCurrentMaturitiesFairValue
3976200000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2064900000 USD
CY2019Q4 pbf Long Term Debt Excluding Current Maturities Fair Value
LongTermDebtExcludingCurrentMaturitiesFairValue
2184300000 USD
CY2020 us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
0 USD
CY2019 us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
0 USD
CY2018 us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
0 USD

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