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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 255,600 $ 399,900
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 198,400 168,100
Stock-based compensation 15,700 9,500
Change in fair value of catalyst leases 2,600 (4,100)
Deferred income taxes (5,300) (4,700)
Non-cash change in inventory repurchase obligations 35,000 2,500
Non-cash lower of cost or market inventory adjustment (324,000) (245,700)
Pension and other post-retirement benefit costs 22,400 23,700
Income from equity method investee 7,900 8,400
Distributions from equity method investee 7,900 8,400
Loss on sale of assets 800 700
Changes in operating assets and liabilities:    
Accounts receivable (274,100) (80,400)
Due to/from affiliates 12,900 (7,700)
Inventories (124,600) (80,800)
Prepaid and other current assets (34,100) (1,800)
Accounts payable (34,300) 64,300
Accrued expenses 200,000 900
Deferred revenue 5,300 (3,900)
Other assets and liabilities (28,300) (10,000)
Net cash (used in) provided by operating activities (76,000) 230,500
Cash flows from investing activities:    
Expenditures for property, plant and equipment (190,900) (110,200)
Expenditures for deferred turnaround costs (261,900) (179,200)
Expenditures for other assets (33,900) (12,300)
Equity method investment - return of capital 600 2,800
Net cash used in investing activities (486,100) (298,900)
Cash flows from financing activities:    
Contributions from PBF LLC 202,500 22,000
Distributions to members (59,400) (26,500)
Repayments of Long-term Debt (3,500)  
Proceeds from revolver borrowings 1,250,000 0
Repayments of revolver borrowings 1,250,000 0
Repayment of note payable 0 (2,400)
Catalyst lease settlements 1,200 9,500
Payments on financing leases 200  
Proceeds from insurance premium financing 18,900 17,400
Deferred financing costs and other 100 12,700
Net cash provided by (used in) financing activities 157,200 (15,100)
Net decrease in cash and cash equivalents (404,900) (83,500)
Cash and equivalents, beginning of period 561,700 526,200
Cash and equivalents, end of period 156,800 442,700
Non-cash activities:    
Accrued and unpaid capital expenditures 39,500 20,100
Assets acquired under operating leases 999,500 0
Assets acquired under finance leases 14,600 0
Distribution of assets to PBF Energy Company LLC 169,100 0
Interest (net of capitalized interest of $7.8 and $4.0 in 2019 and 2018, respectively) 49,700 61,300
Income taxes 700 100
Interest Paid, Capitalized, Investing Activities 7,800 4,000
Rail Term Loan [Member]    
Cash flows from financing activities:    
Repayments of Long-term Debt $ (3,500) $ (3,400)