DIVIDENDS AND DISTRIBUTIONS

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

DIVIDENDS AND DISTRIBUTIONS

DIVIDENDS AND DISTRIBUTIONS

With respect to dividends and distributions paid during the six months ended June 30, 2013, PBF Holding paid $155,802 in distributions to PBF LLC. PBF LLC used $57,952 of this amount ($0.30 per unit) to make two separate non-tax distributions to its members, of which $14,168 was distributed to PBF Energy and the balance was distributed to its other members on March 15, 2013 and June 7, 2013. PBF Energy used this $14,168 to pay two separate equivalent cash dividends of $0.30 per share of Class A common stock on March 15, 2013 and June 7, 2013. PBF LLC used the remaining $97,850 from PBF Holding's distribution to make tax distributions to its members during the six months ended June 30, 2013, with $19,689 distributed to PBF Energy, of which $567 was paid by PBF LLC directly to the applicable taxing authorities on behalf of PBF Energy.