XML 74 R114.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS (Statement of Operations) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues $ 4,816,435 $ 4,858,880 $ 4,678,293 $ 4,797,847 $ 4,950,360 [1] $ 5,395,206 $ 5,077,015 $ 4,716,106 $ 19,151,455 $ 20,138,687 $ 14,960,338
Cost and expenses:                      
Cost of sales, excluding depreciation                 17,803,314 18,269,078 13,855,163
Operating expenses, excluding depreciation                 812,652 738,824 658,831
General and administrative expenses                 104,334 120,443 86,183
Acquisition related expenses                 0 0 728
Gain on sale of asset                 (183) (2,329) 0
Depreciation and amortization expense                 111,479 92,238 53,743
Total cost and expenses                 18,831,596 19,218,254 14,654,648
Income (loss) from operations 142,326 (55,599) 133,027 100,105 284,901 [1] 220,109 579,506 (164,083) 319,859 920,433 305,690
Other income (expense)                      
Change in fair value of catalyst lease                 4,691 (3,724) 7,316
Change in fair value of contingent consideration                 0 (2,768) (5,215)
Interest expense, net                 (93,784) (108,629) (65,120)
Net income 102,097 (64,893) 107,170 69,711 264,263 [1] 186,564 555,742 (202,532) 214,085 804,037 242,671
Comprehensive income                 208,488 797,472 241,344
Issuer [Member]
                     
Revenues                 16,190,178 7,622,924 0
Cost and expenses:                      
Cost of sales, excluding depreciation                 16,486,851 8,537,996 0
Operating expenses, excluding depreciation                 (482) 0 0
General and administrative expenses                 82,284 105,135 72,667
Acquisition related expenses                     517
Gain on sale of asset                 (388) 0  
Depreciation and amortization expense                 12,856 8,051 2,047
Total cost and expenses                 16,581,121 8,651,182 75,231
Income (loss) from operations                 (390,943) (1,028,258) (75,231)
Other income (expense)                      
Equity in earnings (loss) of subsidiaries                 722,673 1,921,040 326,170
Change in fair value of catalyst lease                 0 0 0
Change in fair value of contingent consideration                   0 0
Interest expense, net                 (92,854) (87,470) (8,268)
Net income                 238,876 805,312 242,671
Comprehensive income                 233,279 798,747 241,344
Guarantors Subsidiaries [Member]
                     
Revenues                 7,641,498 16,141,408 14,960,338
Cost and expenses:                      
Cost of sales, excluding depreciation                 5,996,684 13,356,727 13,855,163
Operating expenses, excluding depreciation                 813,134 738,824 658,831
General and administrative expenses                 13,510 15,308 13,516
Acquisition related expenses                     211
Gain on sale of asset                 205 (2,329)  
Depreciation and amortization expense                 98,623 84,187 51,696
Total cost and expenses                 6,922,156 14,192,717 14,579,417
Income (loss) from operations                 719,342 1,948,691 380,921
Other income (expense)                      
Equity in earnings (loss) of subsidiaries                 0 0 0
Change in fair value of catalyst lease                 4,691 (3,724) 7,316
Change in fair value of contingent consideration                   (2,768) (5,215)
Interest expense, net                 (1,360) (21,159) (56,852)
Net income                 722,673 1,921,040 326,170
Comprehensive income                 724,930 1,921,267 326,175
Non-Guarantor Subsidiaries [Member]
                     
Revenues                 0 0 0
Cost and expenses:                      
Cost of sales, excluding depreciation                 0 0 0
Operating expenses, excluding depreciation                 0 0 0
General and administrative expenses                 0 0 0
Acquisition related expenses                     0
Gain on sale of asset                 0 0  
Depreciation and amortization expense                 0 0 0
Total cost and expenses                 0 0 0
Income (loss) from operations                 0 0 0
Other income (expense)                      
Equity in earnings (loss) of subsidiaries                 0 0 0
Change in fair value of catalyst lease                 0 0 0
Change in fair value of contingent consideration                   0 0
Interest expense, net                 0 0 0
Net income                 0 0 0
Comprehensive income                 0 0 0
Combining and Consolidated Adjustments [Member]
                     
Revenues                 (4,680,221) (3,625,645) 0
Cost and expenses:                      
Cost of sales, excluding depreciation                 (4,680,221) (3,625,645) 0
Operating expenses, excluding depreciation                 0 0 0
General and administrative expenses                 0 0 0
Acquisition related expenses                     0
Gain on sale of asset                 0 0  
Depreciation and amortization expense                 0 0 0
Total cost and expenses                 (4,680,221) (3,625,645) 0
Income (loss) from operations                 0 0 0
Other income (expense)                      
Equity in earnings (loss) of subsidiaries                 (722,673) (1,921,040) (326,170)
Change in fair value of catalyst lease                 0 0 0
Change in fair value of contingent consideration                   0 0
Interest expense, net                 0 0 0
Net income                 (722,673) (1,921,040) (326,170)
Comprehensive income                 (724,930) (1,921,267) (326,175)
PBF Holding [Member]
                     
Revenues                 19,151,455 20,138,687 14,960,338
Cost and expenses:                      
Cost of sales, excluding depreciation                 17,803,314 18,269,078 13,855,163
Operating expenses, excluding depreciation                 812,652 738,824 658,831
General and administrative expenses                 95,794 120,443 86,183
Acquisition related expenses                 0 0 728
Gain on sale of asset                 (183) (2,329) 0
Depreciation and amortization expense                 111,479 92,238 53,743
Total cost and expenses                 18,823,056 19,218,254 14,654,648
Income (loss) from operations                 328,399 920,433 305,690
Other income (expense)                      
Equity in earnings (loss) of subsidiaries                 0 0 0
Change in fair value of catalyst lease                 4,691 (3,724) 7,316
Change in fair value of contingent consideration                 0 (2,768) (5,215)
Interest expense, net                 (94,214) (108,629) (65,120)
Net income                 238,876 805,312 242,671
Comprehensive income                 $ 233,279 $ 798,747 $ 241,344
[1] On December 12, 2012, PBF Energy Inc. completed an initial public offering which closed on December 18, 2012.