XML 63 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS (Balance Sheet) (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Sep. 30, 2016
Dec. 31, 2015
Current assets:        
Cash and cash equivalents $ 241,745 $ 626,705 $ 519,375 $ 914,749
Accounts receivable 774,907 615,881    
Accounts receivable - affiliate 19,938 7,631    
Accounts receivable - affiliate 11,600 0    
Inventories 2,310,692 1,863,560    
Prepaid expense and other current assets 44,439 40,536    
Due from related parties 0 0    
Total current assets 3,403,321 3,154,313    
Property, plant and equipment, net 2,805,149 2,728,699    
Investment in subsidiaries 0 0    
Investment in equity method investee 172,752 179,882    
Deferred charges and other assets, net 801,415 504,003    
Total assets 7,182,637 6,566,897    
Current liabilities:        
Accounts payable 441,483 530,365    
Accounts payable - affiliate 36,045 37,863    
Accrued expenses 1,809,571 1,462,729    
Deferred revenue 3,296 12,340    
Due to related parties 0 0    
Total current liabilities 2,297,226 2,043,297    
Long-term debt 1,625,201 1,576,559    
Affiliate notes payable 0 86,298    
Deferred tax liabilities 46,340 45,699    
Investment in subsidiaries 0      
Other long-term liabilities 213,344 226,111    
Total liabilities 4,182,111 3,977,964    
Commitments and contingencies    
Equity:        
Member’s equity 2,352,772 2,155,863    
Retained earnings / (accumulated deficit) 659,891 446,519    
Accumulated other comprehensive loss (25,024) (25,962)    
Total PBF Holding Company LLC equity 2,987,639 2,576,420    
Noncontrolling interest 12,887 12,513    
Total equity 3,000,526 2,588,933    
Total liabilities and equity 7,182,637 6,566,897    
Notes Payable, Current 6,831 0    
Issuer [Member]        
Current assets:        
Cash and cash equivalents 200,136 530,085 456,179 882,820
Accounts receivable 718,960 599,147    
Accounts receivable - affiliate 1,392 2,432    
Accounts receivable - affiliate 0      
Inventories 2,064,678 1,680,058    
Prepaid expense and other current assets 23,245 27,443    
Due from related parties 27,591,736 24,141,120    
Total current assets 30,600,147 26,980,285    
Property, plant and equipment, net 23,884 33,772    
Investment in subsidiaries 0 705,034    
Investment in equity method investee 0 0    
Deferred charges and other assets, net 27,934 12,317    
Total assets 30,651,965 27,731,408    
Current liabilities:        
Accounts payable 310,158 360,260    
Accounts payable - affiliate 34,815 37,077    
Accrued expenses 1,467,974 1,094,581    
Deferred revenue 3,214 10,901    
Due to related parties 23,949,841 22,027,065    
Total current liabilities 25,766,002 23,529,884    
Long-term debt 1,548,591 1,496,085    
Affiliate notes payable   86,298    
Deferred tax liabilities 0 0    
Investment in subsidiaries 308,940      
Other long-term liabilities 27,906 30,208    
Total liabilities 27,651,439 25,142,475    
Commitments and contingencies    
Equity:        
Member’s equity 2,352,772 2,155,863    
Retained earnings / (accumulated deficit) 659,891 446,519    
Accumulated other comprehensive loss (25,024) (25,962)    
Total PBF Holding Company LLC equity 2,987,639 2,576,420    
Noncontrolling interest 12,887 12,513    
Total equity 3,000,526 2,588,933    
Total liabilities and equity 30,651,965 27,731,408    
Notes Payable, Current 0      
Guarantor Subsidiaries [Member]        
Current assets:        
Cash and cash equivalents 9,124 56,717 20,531 6,236
Accounts receivable 9,781 7,999    
Accounts receivable - affiliate 17,946 4,504    
Accounts receivable - affiliate 11,600      
Inventories 0 0    
Prepaid expense and other current assets 21,194 12,933    
Due from related parties 22,923,564 21,883,569    
Total current assets 22,993,209 21,965,722    
Property, plant and equipment, net 2,543,193 2,452,877    
Investment in subsidiaries 429,035 440,377    
Investment in equity method investee 0 0    
Deferred charges and other assets, net 773,447 491,673    
Total assets 26,738,884 25,350,649    
Current liabilities:        
Accounts payable 112,773 157,277    
Accounts payable - affiliate 1,327 786    
Accrued expenses 125,490 201,935    
Deferred revenue 74 1,438    
Due to related parties 26,558,885 24,031,520    
Total current liabilities 26,805,380 24,392,956    
Long-term debt 46,938 45,908    
Affiliate notes payable   0    
Deferred tax liabilities 0 0    
Investment in subsidiaries 0      
Other long-term liabilities 181,293 192,204    
Total liabilities 27,033,611 24,631,068    
Commitments and contingencies    
Equity:        
Member’s equity 1,723,480 1,714,997    
Retained earnings / (accumulated deficit) (2,022,858) (999,693)    
Accumulated other comprehensive loss (8,236) (8,236)    
Total PBF Holding Company LLC equity (307,614) 707,068    
Noncontrolling interest 12,887 12,513    
Total equity (294,727) 719,581    
Total liabilities and equity 26,738,884 25,350,649    
Notes Payable, Current 6,831      
Non-Guarantor Subsidiaries [Member]        
Current assets:        
Cash and cash equivalents 32,485 41,366 44,534 28,968
Accounts receivable 46,166 8,735    
Accounts receivable - affiliate 600 695    
Accounts receivable - affiliate 0      
Inventories 246,014 183,502    
Prepaid expense and other current assets 0 160    
Due from related parties 6,144,950 4,692,799    
Total current assets 6,470,215 4,927,257    
Property, plant and equipment, net 238,072 242,050    
Investment in subsidiaries 0 0    
Investment in equity method investee 172,752 179,882    
Deferred charges and other assets, net 34 13    
Total assets 6,881,073 5,349,202    
Current liabilities:        
Accounts payable 18,552 14,291    
Accounts payable - affiliate (97) 0    
Accrued expenses 216,107 166,213    
Deferred revenue 8 1    
Due to related parties 6,151,524 4,658,903    
Total current liabilities 6,386,094 4,839,408    
Long-term debt 29,672 34,566    
Affiliate notes payable   0    
Deferred tax liabilities 46,340 45,699    
Investment in subsidiaries 0      
Other long-term liabilities 4,145 3,699    
Total liabilities 6,466,251 4,923,372    
Commitments and contingencies    
Equity:        
Member’s equity 357,332 374,067    
Retained earnings / (accumulated deficit) 57,490 51,763    
Accumulated other comprehensive loss 0 0    
Total PBF Holding Company LLC equity 414,822 425,830    
Noncontrolling interest 0 0    
Total equity 414,822 425,830    
Total liabilities and equity 6,881,073 5,349,202    
Notes Payable, Current 0      
Consolidation, Eliminations [Member]        
Current assets:        
Cash and cash equivalents 0 (1,463) $ (1,869) $ (3,275)
Accounts receivable 0 0    
Accounts receivable - affiliate 0 0    
Accounts receivable - affiliate 0      
Inventories 0 0    
Prepaid expense and other current assets 0 0    
Due from related parties (56,660,250) (50,717,488)    
Total current assets (56,660,250) (50,718,951)    
Property, plant and equipment, net 0 0    
Investment in subsidiaries (429,035) (1,145,411)    
Investment in equity method investee 0 0    
Deferred charges and other assets, net 0 0    
Total assets (57,089,285) (51,864,362)    
Current liabilities:        
Accounts payable 0 (1,463)    
Accounts payable - affiliate 0 0    
Accrued expenses 0 0    
Deferred revenue 0 0    
Due to related parties (56,660,250) (50,717,488)    
Total current liabilities (56,660,250) (50,718,951)    
Long-term debt 0 0    
Affiliate notes payable   0    
Deferred tax liabilities 0 0    
Investment in subsidiaries (308,940)      
Other long-term liabilities 0 0    
Total liabilities (56,969,190) (50,718,951)    
Commitments and contingencies    
Equity:        
Member’s equity (2,080,812) (2,089,064)    
Retained earnings / (accumulated deficit) 1,965,368 947,930    
Accumulated other comprehensive loss 8,236 8,236    
Total PBF Holding Company LLC equity (107,208) (1,132,898)    
Noncontrolling interest (12,887) (12,513)    
Total equity (120,095) (1,145,411)    
Total liabilities and equity (57,089,285) $ (51,864,362)    
Notes Payable, Current $ 0