XML 45 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
 
Purchase Price
Gross purchase price
$
537,500

Working capital
450,582

Post close purchase price adjustments
(16,150
)
Total consideration
$
971,932


The following table summarizes the amounts recognized for assets acquired and liabilities assumed as of the acquisition date.
 
Fair Value Allocation
Inventories
$
404,542

Prepaid and other current assets
982

Property, plant and equipment
704,633

Deferred charges and other assets, net
68,053

Accounts payable
(2,688
)
Accrued expenses
(64,137
)
Other long-term liabilities
(139,453
)
Fair value of net assets acquired
$
971,932
Business Acquisition, Pro Forma Information
 
 
Year ended December 31,
(Unaudited)
 
2015
Pro forma revenues
 
$
16,811,922

Pro forma net income attributable to PBF Holding Company LLC
 
397,108

 
 
Year ended December 31,
(Unaudited)
 
2016
 
2015
Pro forma revenues
 
$
16,987,548

 
$
16,252,729

Pro forma net income (loss) attributable to PBF Holding Company LLC
 
$
31,565

 
$
(176,410
)