XML 83 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 69,230 $ 285,884
Accounts receivable 591,352 503,796
Inventories 1,537,573 1,497,119
Deferred tax asset 4,682 7,717
Prepaid expense and other current assets 46,136 13,388
Total current assets 2,248,973 2,307,904
Property, plant, and equipment, net 1,685,104 1,635,587
Deferred tax assets 204,589 112,862
Deferred charges and other assets, net 187,237 197,349
Total assets 4,325,903 4,253,702
Current liabilities:    
Accounts payable 227,567 360,057
Accrued expenses 1,029,364 1,031,467
Payable to related parties pursuant to tax receivable agreement 1,007 1,007
Deferred revenue 183,949 210,543
Total current liabilities 1,441,887 1,603,074
Delaware Economic Development Authority loan 16,000 20,000
Long-term debt 799,963 709,980
Payable to related parties pursuant to tax receivable agreement 290,017 159,004
Other long-term liabilities 36,127 38,099
Total liabilities 2,583,994 2,530,157
Commitments and contingencies (Note 10)      
Equity:    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares outstanding, at June 30, 2013 and December 31, 2012 0 0
Additional paid in capital 658,355 417,835
Retained earnings 16,021 1,956
Accumulated other comprehensive loss (3,576) (61)
Total PBF Energy Inc. equity 670,840 419,754
Noncontrolling interest 1,071,069 1,303,791
Total equity 1,741,909 1,723,545
Total liabilities and equity 4,325,903 4,253,702
Class A Common Stock [Member]
   
Equity:    
Common stock, value, issued 40 24
Class B common stock [Member]
   
Equity:    
Common stock, value, issued 0 0
PBF Holding Company LLC [Member]
   
Current assets:    
Cash and cash equivalents 69,230 254,291
Accounts receivable 591,352 503,796
Due from related party 0 14,721
Inventories 1,537,573 1,497,119
Prepaid expense and other current assets 46,136 13,388
Total current assets 2,244,291 2,283,315
Property, plant, and equipment, net 1,685,104 1,635,587
Deferred charges and other assets, net 187,237 197,349
Total assets 4,116,632 4,116,251
Current liabilities:    
Accounts payable 227,567 360,057
Accrued expenses 1,028,187 1,025,918
Deferred revenue 183,949 210,543
Total current liabilities 1,439,703 1,596,518
Delaware Economic Development Authority loan 16,000 20,000
Long-term debt 799,963 709,980
Intercompany notes payable 31,632 0
Other long-term liabilities 37,297 38,099
Total liabilities 2,324,595 2,364,597
Commitments and contingencies (Note 10)      
Equity:    
Member's equity 930,808 930,098
Retained earnings 869,960 830,497
Accumulated other comprehensive loss (8,731) (8,941)
Total equity 1,792,037 1,751,654
Total liabilities and equity $ 4,116,632 $ 4,116,251