XML 76 R3.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues $ 19,828,155us-gaap_RefiningAndMarketingRevenue $ 19,151,455us-gaap_RefiningAndMarketingRevenue $ 20,138,687us-gaap_RefiningAndMarketingRevenue
Cost and expenses:      
Cost of sales, excluding depreciation 18,514,054pbf_CostOfSalesExcludingDepreciation 17,803,314pbf_CostOfSalesExcludingDepreciation 18,269,078pbf_CostOfSalesExcludingDepreciation
Operating expenses, excluding depreciation 880,701us-gaap_OperatingExpenses 812,652us-gaap_OperatingExpenses 738,824us-gaap_OperatingExpenses
General and administrative expenses 140,150us-gaap_GeneralAndAdministrativeExpense 95,794us-gaap_GeneralAndAdministrativeExpense 120,443us-gaap_GeneralAndAdministrativeExpense
(Gain) loss on sale of assets (895)us-gaap_GainLossOnDispositionOfAssets (183)us-gaap_GainLossOnDispositionOfAssets (2,329)us-gaap_GainLossOnDispositionOfAssets
Depreciation and amortization expense 178,996us-gaap_CostOfServicesDepreciationAndAmortization 111,479us-gaap_CostOfServicesDepreciationAndAmortization 92,238us-gaap_CostOfServicesDepreciationAndAmortization
Total cost and expenses 19,713,006us-gaap_CostsAndExpenses 18,823,056us-gaap_CostsAndExpenses 19,218,254us-gaap_CostsAndExpenses
Income from operations 115,149us-gaap_OperatingIncomeLoss 328,399us-gaap_OperatingIncomeLoss 920,433us-gaap_OperatingIncomeLoss
Other income (expense)      
Change in fair value of contingent consideration 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 (2,768)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Change in fair value of catalyst lease 3,969pbf_SaleLeasebackTransactionChangeInFairValue 4,691pbf_SaleLeasebackTransactionChangeInFairValue (3,724)pbf_SaleLeasebackTransactionChangeInFairValue
Interest expense, net (98,001)us-gaap_InterestAndDebtExpense (94,214)us-gaap_InterestAndDebtExpense (108,629)us-gaap_InterestAndDebtExpense
Net Income $ 21,117us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $ 238,876us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $ 805,312us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest