XML 63 R52.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS (Statement of Operations) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues $ 4,508,613 $ 3,217,640 $ 11,164,571 $ 9,763,440
Cost and expenses:        
Cost of sales, excluding depreciation 3,904,258 2,858,409 9,634,989 8,414,423
Operating expenses, excluding depreciation 404,045 200,014 972,223 625,542
General and administrative expenses 39,912 47,802 111,272 116,115
Equity (income) loss in investee (1,621) 0 (1,621) 0
Gain on sale of asset 8,159 (142) 11,381 (1,133)
Depreciation and amortization expense 52,678 46,484 155,890 139,757
Total cost and expenses 4,407,431 3,152,567 10,884,134 9,294,704
Income from operations 101,182 65,073 280,437 468,736
Other income (expenses)        
Equity in earnings of subsidiaries 0 0 0 0
Change in fair value of catalyst leases 77 4,994 (4,556) 8,982
Interest expense, net (33,896) (21,888) (98,446) (65,915)
Income before income taxes 67,363 48,179 177,435 411,803
Income tax expense 2,291 0 29,287 0
Net income 65,072 48,179 148,148 411,803
Less: net income attributable to noncontrolling interests 45 0 438 0
Net income attributable to PBF Holding Company LLC 65,027 48,179 147,710 411,803
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 65,453 48,698 149,173 413,118
Guarantor Subsidiaries [Member]        
Revenues 441,554 132,000 586,336 668,576
Cost and expenses:        
Cost of sales, excluding depreciation 428,587 176,823 532,040 749,706
Operating expenses, excluding depreciation 385,761 200,384 948,403 629,846
General and administrative expenses 4,312 6,827 20,372 15,987
Equity (income) loss in investee 0 0 0 0
Gain on sale of asset 73 1 97 (232)
Depreciation and amortization expense 47,472 43,820 143,994 130,496
Total cost and expenses 866,205 427,855 1,644,906 1,525,803
Income from operations (424,651) (295,855) (1,058,570) (857,227)
Other income (expenses)        
Equity in earnings of subsidiaries 0 0 0 0
Change in fair value of catalyst leases 77 4,994 (4,556) 8,982
Interest expense, net (447) (1,277) (1,289) (4,342)
Income before income taxes (425,021) (292,138) (1,064,415) (852,587)
Income tax expense 0 0 0 0
Net income (425,021) (292,138) (1,064,415) (852,587)
Less: net income attributable to noncontrolling interests 45 0 438 0
Net income attributable to PBF Holding Company LLC (425,066) (292,138) (1,064,853) (852,587)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent (425,066) (292,138) (1,064,853) (852,587)
Non-Guarantor Subsidiaries [Member]        
Revenues 345,215 422,306 1,005,656 1,250,957
Cost and expenses:        
Cost of sales, excluding depreciation 328,734 390,112 995,726 1,187,259
Operating expenses, excluding depreciation 18,259 (275) 24,195 (490)
General and administrative expenses 780 973 (1,226) 1,798
Equity (income) loss in investee (1,621) 0 (1,621) 0
Gain on sale of asset 5,668 (73) 8,866 (650)
Depreciation and amortization expense 3,865 547 7,479 1,597
Total cost and expenses 355,685 391,284 1,033,419 1,189,514
Income from operations (10,470) 31,022 (27,763) 61,443
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 (467) (884) (1,589) (2,462)
Income before income taxes (10,937) 30,138 (29,352) 58,981
Income tax expense 2,291 0 29,287 0
Net income (13,228) 30,138 (58,639) 58,981
Less: net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to PBF Holding Company LLC (13,228) 30,138 (58,639) 58,981
Comprehensive Income (Loss), Net of Tax, Attributable to Parent (13,228) 30,138 (58,639) 58,981
Issuer [Member]        
Revenues 4,488,925 3,215,163 11,119,301 9,737,169
Cost and expenses:        
Cost of sales, excluding depreciation 3,914,018 2,843,303 9,653,945 8,370,720
Operating expenses, excluding depreciation 25 (95) (375) (3,814)
General and administrative expenses 34,820 40,002 92,126 98,330
Equity (income) loss in investee 0 0 0 0
Gain on sale of asset 2,418 (70) 2,418 (251)
Depreciation and amortization expense 1,341 2,117 4,417 7,664
Total cost and expenses 3,952,622 2,885,257 9,752,531 8,472,649
Income from operations 536,303 329,906 1,366,770 1,264,520
Other income (expenses)        
Equity in earnings of subsidiaries (438,249) (262,000) (1,123,054) (793,606)
Change in fair value of catalyst leases 0 0 0 0
Interest expense, net (32,982) (19,727) (95,568) (59,111)
Income before income taxes 65,072 48,179 148,148 411,803
Income tax expense 0 0 0 0
Net income 65,072 48,179 148,148 411,803
Less: net income attributable to noncontrolling interests 45 0 438 0
Net income attributable to PBF Holding Company LLC 65,027 48,179 147,710 411,803
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 65,453 48,698 149,173 413,118
Combining and Consolidated Adjustments [Member]        
Revenues (767,081) (551,829) (1,546,722) (1,893,262)
Cost and expenses:        
Cost of sales, excluding depreciation (767,081) (551,829) (1,546,722) (1,893,262)
Operating expenses, excluding depreciation 0 0 0 0
General and administrative expenses 0 0 0 0
Equity (income) loss in investee 0 0 0 0
Gain on sale of asset 0 0 0 0
Depreciation and amortization expense 0 0 0 0
Total cost and expenses (767,081) (551,829) (1,546,722) (1,893,262)
Income from operations 0 0 0 0
Other income (expenses)        
Equity in earnings of subsidiaries 438,249 262,000 1,123,054 793,606
Change in fair value of catalyst leases 0 0 0 0
Interest expense, net 0 0 0 0
Income before income taxes 438,249 262,000 1,123,054 793,606
Income tax expense 0 0 0 0
Net income 438,249 262,000 1,123,054 793,606
Less: net income attributable to noncontrolling interests (45) 0 (438) 0
Net income attributable to PBF Holding Company LLC 438,294 262,000 1,123,492 793,606
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 438,294 $ 262,000 $ 1,123,492 $ 793,606