2021 Q4 Form 10-K Financial Statement

#000153450422000007 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $8.244B $27.25B $3.655B
YoY Change 125.55% 80.3% -42.0%
Cost Of Revenue $7.160B $26.37B $3.181B
YoY Change 125.13% 57.45% -42.18%
Gross Profit $1.084B $887.2M $474.5M
YoY Change 128.37% -154.44% -40.71%
Gross Profit Margin 13.14% 3.26% 12.98%
Selling, General & Admin $80.40M $247.3M $60.00M
YoY Change 34.0% 4.79% -42.31%
% of Gross Profit 7.42% 27.87% 12.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $122.6M $221.1M $189.2M
YoY Change -35.2% -32.16% 62.82%
% of Gross Profit 11.31% 24.92% 39.87%
Operating Expenses $795.1M $2.832B $717.7M
YoY Change 10.78% 7.98% 10.38%
Operating Profit $288.5M $597.2M -$243.2M
YoY Change -218.63% -142.15% -297.72%
Interest Expense -$79.50M $317.5M -$89.10M
YoY Change -10.77% 22.97% 42.11%
% of Operating Profit -27.56% 53.16%
Other Income/Expense, Net -$46.40M -$40.50M $134.0M
YoY Change -134.63% -110.71%
Pretax Income $184.8M $327.6M -$283.2M
YoY Change -165.25% -124.61% -447.91%
Income Tax -$4.300M $12.10M $2.800M
% Of Pretax Income -2.33% 3.69%
Net Earnings $165.3M $231.0M -$298.4M
YoY Change -155.4% -116.59% -663.02%
Net Earnings / Revenue 2.01% 0.85% -8.16%
Basic Earnings Per Share $1.92
Diluted Earnings Per Share $1.315M $1.90 -$2.491M
COMMON SHARES
Basic Shares Outstanding 120.2M shares
Diluted Shares Outstanding 122.6M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.342B $1.342B $1.610B
YoY Change -16.68% -16.68% 97.55%
Cash & Equivalents $1.342B $1.342B $1.610B
Short-Term Investments
Other Short-Term Assets $75.00M $75.00M $59.00M
YoY Change 27.12% 27.12% 13.46%
Inventory $2.505B $2.505B $1.686B
Prepaid Expenses
Receivables $1.278B $1.278B $513.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.199B $5.199B $3.867B
YoY Change 34.44% 34.45% 1.14%
LONG-TERM ASSETS
Property, Plant & Equipment $4.902B $5.619B $4.843B
YoY Change 1.22% -2.44% 20.38%
Goodwill
YoY Change
Intangibles $9.600M $10.10M
YoY Change -4.95% -58.44%
Long-Term Investments
YoY Change
Other Assets $822.9M $813.3M $872.2M
YoY Change -5.65% -5.65% -8.66%
Total Long-Term Assets $6.442B $6.442B $6.632B
YoY Change -2.87% -2.88% 24.93%
TOTAL ASSETS
Total Short-Term Assets $5.199B $5.199B $3.867B
Total Long-Term Assets $6.442B $6.442B $6.632B
Total Assets $11.64B $11.64B $10.50B
YoY Change 10.87% 10.87% 14.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $911.7M $911.7M $407.0M
YoY Change 124.0% 124.0% -32.32%
Accrued Expenses $2.740B $2.791B $1.912B
YoY Change 43.36% 41.52% 5.28%
Deferred Revenue $42.70M $47.20M
YoY Change -9.53% 134.83%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $11.10M $11.10M $22.00M
YoY Change -49.55% -49.55% 214.29%
Total Short-Term Liabilities $3.760B $3.760B $2.452B
YoY Change 53.36% 53.33% -2.3%
LONG-TERM LIABILITIES
Long-Term Debt $4.296B $4.366B $4.654B
YoY Change -7.69% -7.53% 125.37%
Other Long-Term Liabilities $252.4M $871.1M $268.5M
YoY Change -6.0% -15.01% 7.01%
Total Long-Term Liabilities $4.548B $5.238B $4.922B
YoY Change -7.6% -8.87% 112.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.760B $3.760B $2.452B
Total Long-Term Liabilities $4.548B $5.238B $4.922B
Total Liabilities $9.109B $9.715B $8.298B
YoY Change 9.78% 9.69% 49.59%
SHAREHOLDERS EQUITY
Retained Earnings -$796.1M -$1.027B
YoY Change -22.49% -356.01%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $169.1M $167.3M
YoY Change 1.08% 0.97%
Treasury Stock Shares 6.677M shares 6.549M shares
Shareholders Equity $1.926B $1.926B $1.643B
YoY Change
Total Liabilities & Shareholders Equity $11.64B $11.64B $10.50B
YoY Change 10.87% 10.87% 14.97%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $165.3M $231.0M -$298.4M
YoY Change -155.4% -116.59% -663.02%
Depreciation, Depletion And Amortization $122.6M $221.1M $189.2M
YoY Change -35.2% -32.16% 62.82%
Cash From Operating Activities $151.6M $477.3M $161.0M
YoY Change -5.84% -175.57% -67.88%
INVESTING ACTIVITIES
Capital Expenditures -$168.5M $249.1M -$49.90M
YoY Change 237.68% 26.96% -58.1%
Acquisitions
YoY Change
Other Investing Activities $7.200M $7.200M $13.70M
YoY Change -47.45% -101.14%
Cash From Investing Activities -$161.3M -$388.5M -$36.20M
YoY Change 345.58% -62.15% -69.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -121.3M -$356.8M 202.1M
YoY Change -160.02% -114.55% -295.08%
NET CHANGE
Cash From Operating Activities 151.6M $477.3M 161.0M
Cash From Investing Activities -161.3M -$388.5M -36.20M
Cash From Financing Activities -121.3M -$356.8M 202.1M
Net Change In Cash -131.0M -$268.0M 326.9M
YoY Change -140.07% -133.73% 17.34%
FREE CASH FLOW
Cash From Operating Activities $151.6M $477.3M $161.0M
Capital Expenditures -$168.5M $249.1M -$49.90M
Free Cash Flow $320.1M $228.2M $210.9M
YoY Change 51.78% -127.57% -66.01%

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CY2021 us-gaap Interest Paid Net
InterestPaidNet
307000000.0 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
206900000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
154000000.0 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5700000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2100000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2700000 USD
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 reportable_segment
CY2021 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, 2021, Transactions in connection with stock-based compensation plans, previously disclosed as either Exercise of warrants and options or Taxes paid for net settlement of equity-based compensation, in the Consolidated Statements of Changes in Equity, are now disclosed together within one line item in the Consolidated Statements of Changes in Equity. Certain of these amounts previously reported in the Company's Consolidated Financial Statements and the respective notes for prior periods have been reclassified to conform to the 2021 presentation.</span></div>
CY2021 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>
CY2021 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">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, 2021 and December 31, 2020, only one customer, Shell plc (“Shell”), accounted for 10% or more of the Company’s revenues (approximately 15% and 13%, respectively). For the year ended December 31, 2019 no single customer amounted to greater than or equal to 10% of the Company’s revenues. </span></div>As of December 31, 2021 and December 31, 2020, only one customer, Shell, accounted for 10% or more of the Company’s total trade accounts receivable (approximately 26% and 16%, respectively).
CY2021 pbf Distributionto Stockholders Asa Percentof Tax Benefit Receivedfrom Increasesin Tax Basis
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0.85
CY2021Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
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141200000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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308500000 USD
CY2021Q4 pbf Payable To Related Parties Tax Receivable Agreement Noncurrent
PayableToRelatedPartiesTaxReceivableAgreementNoncurrent
48300000 USD
CY2021 us-gaap Business Combination Acquisition Related Costs
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0 USD
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
12500000 USD
CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
11600000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q4 us-gaap Crude Oil And Natural Gas Liquids
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1104900000 USD
CY2021Q4 pbf Energy Related Inventory Refined Products And Blendstocks
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1258400000 USD
CY2021Q4 us-gaap Other Inventory Supplies
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141800000 USD
CY2021Q4 us-gaap Inventory Gross
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2505100000 USD
CY2021Q4 us-gaap Inventory Adjustments
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CY2021Q4 us-gaap Inventory Net
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2505100000 USD
CY2020Q4 us-gaap Crude Oil And Natural Gas Liquids
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1018900000 USD
CY2020Q4 pbf Energy Related Inventory Refined Products And Blendstocks
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1200200000 USD
CY2020Q4 us-gaap Other Inventory Supplies
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136700000 USD
CY2020Q4 us-gaap Inventory Gross
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2355800000 USD
CY2020Q4 us-gaap Inventory Adjustments
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669600000 USD
CY2020Q4 us-gaap Inventory Net
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1686200000 USD
CY2021Q4 us-gaap Inventory Adjustments
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0 USD
CY2020Q4 us-gaap Inventory Adjustments
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669600000 USD
CY2019Q4 us-gaap Inventory Adjustments
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401600000 USD
CY2020Q4 us-gaap Inventory Adjustments
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669600000 USD
CY2020 us-gaap Inventory Lifo Reserve Effect On Income Net
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83000000 USD
CY2021 us-gaap Inventory Lifo Reserve Effect On Income Net
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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6335700000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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6051400000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1433500000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1208100000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Property Plant And Equipment Net
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4843300000 USD
CY2021 us-gaap Depreciation
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229600000 USD
CY2020 us-gaap Depreciation
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223000000 USD
CY2019 us-gaap Depreciation
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178000000 USD
CY2020Q2 pbf Number Of Hydrogen Plants Sold
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5 hydrogenPlants
CY2021Q4 pbf Deferred Restructuring Charges
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537000000.0 USD
CY2020Q4 pbf Deferred Restructuring Charges
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598200000 USD
CY2021Q4 pbf Financing Arrangement Transaction Asset Portionof Transaction
FinancingArrangementTransactionAssetPortionofTransaction
166800000 USD
CY2020Q4 pbf Financing Arrangement Transaction Asset Portionof Transaction
FinancingArrangementTransactionAssetPortionofTransaction
155200000 USD
CY2021Q4 pbf Environmental Credits
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41300000 USD
CY2020Q4 pbf Environmental Credits
EnvironmentalCredits
39600000 USD
CY2021Q4 pbf Oil And Gas Property Indefinite Lived Tangible Asset
OilAndGasPropertyIndefiniteLivedTangibleAsset
27400000 USD
CY2020Q4 pbf Oil And Gas Property Indefinite Lived Tangible Asset
OilAndGasPropertyIndefiniteLivedTangibleAsset
27400000 USD
CY2021Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
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20700000 USD
CY2020Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
21200000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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9600000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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10100000 USD
CY2021Q4 us-gaap Other Assets
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20100000 USD
CY2020Q4 us-gaap Other Assets
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20500000 USD
CY2021Q4 us-gaap Deferred Costs And Other Assets
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822900000 USD
CY2020Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
872200000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
221100000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
325900000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
258100000 USD
CY2020 pbf Accelerated Amortization Deferred Turnaround Costs
AcceleratedAmortizationDeferredTurnaroundCosts
56200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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25500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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25500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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15900000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15400000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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9600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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10100000 USD
CY2021Q4 pbf Inventory Related Accruals
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959900000 USD
CY2020Q4 pbf Inventory Related Accruals
InventoryRelatedAccruals
695000000.0 USD
CY2021Q4 pbf Renewable Energy Credit Obligations
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953900000 USD
CY2020Q4 pbf Renewable Energy Credit Obligations
RenewableEnergyCreditObligations
528100000 USD
CY2021Q4 pbf Inventory Supply And Offtake Arrangements
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280100000 USD
CY2020Q4 pbf Inventory Supply And Offtake Arrangements
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225800000 USD
CY2021Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
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112700000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
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120100000 USD
CY2021Q4 pbf Accrued Transportation Costs
AccruedTransportationCosts
91000000.0 USD
CY2020Q4 pbf Accrued Transportation Costs
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72100000 USD
CY2021Q4 us-gaap Accrued Utilities Current And Noncurrent
AccruedUtilitiesCurrentAndNoncurrent
73000000.0 USD
CY2020Q4 us-gaap Accrued Utilities Current And Noncurrent
AccruedUtilitiesCurrentAndNoncurrent
58600000 USD
CY2021Q4 us-gaap Construction Payable Current
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62800000 USD
CY2020Q4 us-gaap Construction Payable Current
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15000000.0 USD
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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59500000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
42200000 USD
CY2021Q4 pbf Accruedrefinerymaintenanceandsupportcosts
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55800000 USD
CY2020Q4 pbf Accruedrefinerymaintenanceandsupportcosts
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35700000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
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37700000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
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46100000 USD
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Current
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14900000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
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CY2021Q4 us-gaap Finance Lease Liability Current
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CY2020Q4 us-gaap Finance Lease Liability Current
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14400000 USD
CY2021Q4 us-gaap Contract With Customer Refund Liability Current
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3500000 USD
CY2020Q4 us-gaap Contract With Customer Refund Liability Current
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4000000.0 USD
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Current
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2900000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
12100000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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CY2020Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
30500000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
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2740400000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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1911500000 USD
CY2021Q4 pbf Forward Purchase Commitments For Renewable Energy Credit Obligations
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520000000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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CY2020Q4 us-gaap Debt Instrument Carrying Amount
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4709900000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2021Q4 us-gaap Debt Instrument Unamortized Premium
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CY2021Q4 us-gaap Unamortized Debt Issuance Expense
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35000000.0 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
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51100000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
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4295800000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
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4653600000 USD
CY2020Q1 pbf Uncommitted Receivables Purchase Facility Maximum Borrowing
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300000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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58400000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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1525000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1919500000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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826500000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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4329400000 USD
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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142100000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
141900000 USD
CY2021Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
47000000.0 USD
CY2020Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
73500000 USD
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
29400000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
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CY2021Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
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18200000 USD
CY2020Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
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22000000.0 USD
CY2021Q4 pbf Railcar Liability
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CY2020Q4 pbf Railcar Liability
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13900000 USD
CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
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CY2020Q4 us-gaap Other Sundry Liabilities Noncurrent
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17200000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
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252400000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
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CY2021 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
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CY2020 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
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CY2019 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
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CY2021Q4 us-gaap Contractual Obligation Due In Next Twelve Months
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54400000 USD
CY2021Q4 us-gaap Contractual Obligation Due In Second Year
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36100000 USD
CY2021Q4 us-gaap Contractual Obligation Due In Third Year
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24800000 USD
CY2021Q4 us-gaap Contractual Obligation Due In Fourth Year
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21400000 USD
CY2021Q4 us-gaap Contractual Obligation Due In Fifth Year
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21400000 USD
CY2021Q4 us-gaap Contractual Obligation Due After Fifth Year
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205000000.0 USD
CY2021Q4 us-gaap Contractual Obligation
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363100000 USD
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
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157000000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
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153700000 USD
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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142100000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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141900000 USD
CY2021 pbf Distributionto Stockholders Asa Percentof Tax Benefit Receivedfrom Increasesin Tax Basis
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0.85
CY2021Q4 pbf Payableto Related Parties Tax Receivable Agreement
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48300000 USD
CY2020Q4 pbf Payableto Related Parties Tax Receivable Agreement
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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CY2021Q4 pbf Lease Rightof Use Asset
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CY2020Q4 pbf Lease Rightof Use Asset
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916900000 USD
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68300000 USD
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11600000 USD
CY2021 us-gaap Lease Cost
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260400000 USD
CY2020 us-gaap Lease Cost
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284500000 USD
CY2020Q2 pbf Number Of Hydrogen Plants Sold
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5 hydrogenPlants
CY2021 us-gaap Sale And Leaseback Transaction Gain Loss Net
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CY2021 pbf Right Of Use Asset Obtained In Exchange For Operating Or Lease Liability
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P13Y4M24D
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P6Y6M
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CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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153400000 USD
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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20500000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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812600000 USD
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IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfStock
988730 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
CY2021 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1409415 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
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122638154 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120660665 shares
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.90
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121853299 shares
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.64
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.64
CY2021 pbf Statutorytaxrate
Statutorytaxrate
0.259
CY2020 pbf Statutorytaxrate
Statutorytaxrate
0.266
CY2019 pbf Statutorytaxrate
Statutorytaxrate
0.249
CY2021 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
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4329400000 USD
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3761600000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4709900000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3983600000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
0 USD
CY2021Q4 pbf Long Term Debt And Capital Lease Obligations Current Fair Value Disclosure
LongTermDebtAndCapitalLeaseObligationsCurrentFairValueDisclosure
0 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
CY2021Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
1400000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
2200000 USD
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
35000000.0 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
51100000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4295800000 USD
CY2021Q4 pbf Long Term Debt Excluding Current Maturities Fair Value
LongTermDebtExcludingCurrentMaturitiesFairValue
3761600000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4653600000 USD
CY2020Q4 pbf Long Term Debt Excluding Current Maturities Fair Value
LongTermDebtExcludingCurrentMaturitiesFairValue
3976200000 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
CY2021 us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
0 USD

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