XML 31 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]              
Revenues $ 2,499.1 $ 6,551.9 $ 7,759.1 $ 11,760.6 $ 24,468.9 $ 27,164.0 $ 21,772.4
Cost and expenses:              
Cost of products and other 1,820.8 6,025.4 7,854.2 10,301.6 21,667.7 24,744.6 19,095.8
Operating expenses (excluding depreciation and amortization expense as reflected below) 423.7 409.7 931.2 863.1 1,684.3 1,654.8 1,626.4
Depreciation and amortization expense 111.1 95.3 216.5 189.6 386.7 329.7 254.3
Cost of sales 2,355.6 6,530.4 9,001.9 11,354.3 23,738.7 26,729.1 20,976.5
General and administrative expenses (excluding depreciation and amortization expense as reflected below) 53.3 46.6 131.5 97.8 258.7 253.8 197.9
Depreciation and amortization expense 2.8 2.9 5.7 5.7 10.8 10.6 13.0
Change in fair value of contingent consideration (12.4) 0.0 (65.4) 0.0 (250.2) 351.3 (295.5)
Equity income in investee 0.0 (3.2) 0.0 (7.9) (7.9) (17.8) (14.6)
(Gain) loss on sale of assets (471.1) 0.8 (471.1) 0.8 (29.9) (43.1) 1.5
Total cost and expenses 1,928.2 6,577.5 8,602.6 11,450.7 23,970.4 26,932.6 21,174.3
Income (loss) from operations 570.9 (25.6) (843.5) 309.9 (498.5) (231.4) (598.1)
Other income (expense):              
Interest expense, net (52.8) (29.6) (89.3) (57.0) (108.7) (127.1) (122.6)
Change in fair value of catalyst obligations (5.1) 0.5 6.6 (2.6) (9.7) 5.6 (2.2)
Debt extinguishment costs 0.0 0.0 (22.2) 0.0     (25.5)
Other non-service components of net periodic benefit cost 1.1 0.0 2.1 (0.1) (0.2) 1.1 (1.4)
Income (loss) before income taxes 514.1 (54.7) (946.3) 250.2 379.9 111.0 446.4
Income tax (benefit) expense (4.4) 1.8 9.8 (5.4) (8.3) 8.0 (10.8)
Net income (loss) 518.5 (56.5) (956.1) 255.6 388.2 103.0 457.2
Less: net income attributable to noncontrolling interests 0.0 0.1 0.0 0.1   0.1 0.1
Net income (loss) attributable to PBF Holding Company LLC $ 518.5 $ (56.6) $ (956.1) $ 255.5 $ 388.2 $ 102.9 $ 457.1