XML 20 R50.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS (Statement of Operations) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues $ 5,301,709 $ 4,678,293 $ 10,048,152 $ 9,476,141
Cost and expenses:        
Cost of sales, excluding depreciation 4,943,238 4,295,979 9,090,922 8,731,081
Operating expenses, excluding depreciation 209,781 202,583 478,680 408,599
General and administrative expenses 32,095 19,141 68,719 49,235
Gain on sale of asset 6 0 (180) 0
Depreciation and amortization expense 34,516 27,563 67,731 54,093
Total cost and expenses 5,219,636 4,545,266 9,705,872 9,243,008
Income from operations 82,073 133,027 342,280 233,133
Other income (expenses)        
Equity in earnings of subsidiaries 0 0 0 0
Change in fair value of catalyst leases (2,338) 6,820 (4,339) 5,481
Interest expense, net (26,217) (21,738) (51,673) (43,349)
Net income 53,518 118,109 286,268 195,265
Comprehensive income 53,816 118,427 286,812 195,475
Combining and Consolidated Adjustments [Member]
       
Revenues (359,367) (1,631,982) (738,330) (3,401,417)
Cost and expenses:        
Cost of sales, excluding depreciation (359,367) (1,631,982) (738,330) (3,401,417)
Operating expenses, excluding depreciation 0 0 0 0
General and administrative expenses 0 0 0 0
Gain on sale of asset 0   0  
Depreciation and amortization expense 0 0 0 0
Total cost and expenses (359,367) (1,631,982) (738,330) (3,401,417)
Income from operations 0 0 0 0
Other income (expenses)        
Equity in earnings of subsidiaries 246,687 (695,768) 551,516 (1,176,634)
Change in fair value of catalyst leases 0 0 0 0
Interest expense, net 0 0 0 0
Net income 246,687 (695,768) 551,516 (1,176,634)
Comprehensive income 246,616 (695,768) 551,421 (1,176,634)
Guarantors Subsidiaries [Member]
       
Revenues 359,660 2,802,291 739,071 6,315,781
Cost and expenses:        
Cost of sales, excluding depreciation 358,907 1,881,712 737,870 4,678,714
Operating expenses, excluding depreciation 209,885 202,725 478,645 408,740
General and administrative expenses 3,551 3,546 8,399 7,195
Gain on sale of asset 6   6  
Depreciation and amortization expense 31,132 24,246 60,866 47,955
Total cost and expenses 603,481 2,112,229 1,285,786 5,142,604
Income from operations (243,821) 690,062 (546,715) 1,173,177
Other income (expenses)        
Equity in earnings of subsidiaries 0 0 0 0
Change in fair value of catalyst leases (2,338) 6,820 (4,339) 5,481
Interest expense, net 311 (1,114) 377 (2,024)
Net income (245,848) 695,768 (550,677) 1,176,634
Comprehensive income (245,777) 695,768 (550,582) 1,176,634
Non-Guarantor Subsidiaries [Member]
       
Revenues 460 0 460 0
Cost and expenses:        
Cost of sales, excluding depreciation 761 0 761 0
Operating expenses, excluding depreciation 0 0 0 0
General and administrative expenses 0 0 0 0
Gain on sale of asset 0   0  
Depreciation and amortization expense 42 0 42 0
Total cost and expenses 803 0 803 0
Income from operations (343) 0 (343) 0
Other income (expenses)        
Equity in earnings of subsidiaries 0 0 0 0
Change in fair value of catalyst leases 0 0 0 0
Interest expense, net (496) 0 (496) 0
Net income (839) 0 (839) 0
Comprehensive income (839) 0 (839) 0
Issuer [Member]
       
Revenues 5,300,956 3,507,984 10,046,951 6,561,777
Cost and expenses:        
Cost of sales, excluding depreciation 4,942,937 4,046,249 9,090,621 7,453,784
Operating expenses, excluding depreciation (104) (142) 35 (141)
General and administrative expenses 28,544 15,595 60,320 42,040
Gain on sale of asset 0   (186)  
Depreciation and amortization expense 3,342 3,317 6,823 6,138
Total cost and expenses 4,974,719 4,065,019 9,157,613 7,501,821
Income from operations 326,237 (557,035) 889,338 (940,044)
Other income (expenses)        
Equity in earnings of subsidiaries (246,687) 695,768 (551,516) 1,176,634
Change in fair value of catalyst leases 0 0 0 0
Interest expense, net (26,032) (20,624) (51,554) (41,325)
Net income 53,518 118,109 286,268 195,265
Comprehensive income $ 53,816 $ 118,427 $ 286,812 $ 195,475