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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents (PBFX: $19,664 and $64,221, respectively) $ 573,021 $ 746,274
Accounts receivable 952,552 620,175
Inventories 2,213,797 1,863,560
Marketable securities - current (PBFX: $0 and $40,024, respectively) 0 40,024
Prepaid and other current assets 63,589 137,222
Total current assets 3,802,959 3,407,255
Property, plant and equipment, net (PBFX: $673,823 and $608,802, respectively) 3,479,213 3,328,770
Deferred tax assets 53,638 379,306
Deferred charges and other assets, net 782,183 506,596
Total assets 8,117,993 [1] 7,621,927 [2]
Current liabilities:    
Accounts payable 578,551 535,907
Accrued expenses 1,814,854 1,467,684
Deferred revenue 8,933 13,292
Note payable 5,621 0
Current debt (PBFX: $0 and $39,664, respectively) 10,987 39,664
Total current liabilities 2,418,946 2,056,547
Long-term debt (PBFX: $548,793 and $532,011, respectively) 2,175,042 2,108,570
Deferred tax liabilities 33,155 45,699
Payable to related parties pursuant to tax receivable agreement 362,142 611,392
Other long-term liabilities 225,759 229,035
Total liabilities 5,215,044 5,051,243
Commitments and contingencies (Note 13)
Equity:    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares outstanding at December 31, 2017 and 2016 0 0
Treasury stock, at cost, 6,132,884 shares outstanding at December 31, 2017 and 6,087,963 shares outstanding at December 31, 2016 (152,585) (151,547)
Additional paid in capital 2,277,739 2,245,788
Retained earnings / (Accumulated deficit) 236,786 (44,852)
Accumulated other comprehensive loss (25,381) (24,439)
Total PBF Energy Inc. equity 2,336,654 2,025,044
Noncontrolling interest 566,295 545,640
Total equity 2,902,949 2,570,684
Total liabilities and equity 8,117,993 7,621,927
Class A Common Stock [Member]    
Equity:    
Common stock, value, issued 95 94
Class B Common Stock [Member]    
Equity:    
Common stock, value, issued $ 0 $ 0
[1] (4)The Refining segment includes capital expenditures of $565,304 for the acquisition of the Chalmette refinery on November 1, 2015, excluding the working capital settlement of $2,659 that was finalized in the first quarter of 2016.
[2] (5)The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For the purposes of the consolidated PBF Energy financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.