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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Revenues $ 21,786,637 $ 15,920,424 $ 13,123,929
Cost and expenses:      
Cost of products and other 18,863,621 13,598,341 11,481,614
Operating expenses (excluding depreciation and amortization expense as reflected below) 1,685,611 1,423,198 904,525
Depreciation and amortization expense 277,992 216,341 187,729
Cost of sales 20,827,224 15,237,880 12,573,868
General and administrative expenses (excluding depreciation and amortization expense as reflected below) 214,773 166,452 181,266
Depreciation and amortization expense 12,964 5,835 9,688
Loss (gain) on sale of assets 1,458 11,374 (1,004)
Total cost and expenses 21,056,419 15,421,541 12,763,818
Income from operations 730,218 [1] 498,883 [1] 360,111
Other income (expense):      
Change in tax receivable agreement liability 250,922 12,908 18,150
Change in fair value of catalyst leases (2,247) 1,422 10,184
Debt extinguishment costs (25,451) 0 0
Interest expense, net (154,427) (150,045) (106,187)
Income before income taxes 799,015 363,168 282,258
Income tax expense 315,584 137,650 86,725
Net income 483,431 225,518 195,533
Less: net income attributable to noncontrolling interests 67,914 54,707 49,132
Net income attributable to PBF Energy Inc. stockholders $ 415,517 $ 170,811 $ 146,401
Weighted-average shares of Class A common stock outstanding      
Basic (in shares) [2] 109,779,407 98,334,302 88,106,999
Diluted (in shares) 113,898,845 103,606,709 94,138,850
Net income available to Class A common stock per share:      
Basic (in usd per share) $ 3.78 $ 1.74 $ 1.66
Diluted (in usd per share) 3.73 1.74 1.65
Dividends per common share (in usd per share) $ 1.20 $ 1.20 $ 1.20
[1] (1)The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For the purposes of the consolidated PBF Energy financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation. As the acquisition of PBFX’s 50% interest in TVPC was completed in the third quarter of 2016, there was no impact on comparative 2015 disclosures.
[2] The net income attributable to PBF Energy, used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income, as well as the corresponding income tax (based on a 39.6%, 39.1% and 39.6% statutory tax rate for the years ended December 31, 2017, 2016 and 2015) attributable to the converted units.