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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 335,100 $ 624,600
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 301,100 255,600
Stock-based compensation 22,800 14,100
Change in fair value of catalyst leases 6,400 (5,800)
Deferred income taxes (7,500) (5,500)
Non-cash change in inventory repurchase obligations 11,400 10,700
Non-cash lower of cost or market inventory adjustment (277,000) (300,500)
Pension and other post-retirement benefit costs 33,600 35,500
Income from equity method investee 7,900 13,100
Distributions from equity method investee 7,900 13,100
Gain on sale of assets (31,800) (43,100)
Changes in operating assets and liabilities:    
Accounts receivable (162,900) (113,600)
Due to/from affiliates 29,200 (16,700)
Inventories 10,600 (46,900)
Prepaid and other current assets 900 (8,600)
Accounts payable 54,900 (106,100)
Accrued expenses 74,600 302,600
Deferred revenue (7,000) 4,500
Other assets and liabilities (50,200) (6,400)
Net cash provided by operating activities 344,200 594,400
Cash flows from investing activities:    
Expenditures for property, plant and equipment (285,800) (165,700)
Expenditures for deferred turnaround costs (282,600) (201,000)
Expenditures for other assets (38,200) (16,900)
Proceeds from sale of assets 36,300 48,300
Equity method investment - return of capital 600 3,100
Net cash (used in) provided by investing activities (569,700) (332,200)
Cash flows from financing activities:    
Contributions from PBF LLC 228,500 287,000
Distributions to members (95,700) (36,100)
Repayments of Long-term Debt (5,200)  
Proceeds from revolver borrowings 1,350,000 0
Repayments of revolver borrowings 1,350,000 0
Repayment of note payable 0 (5,600)
Catalyst lease settlements 3,500 9,500
Proceeds from insurance premium financing 7,500 7,000
Deferred financing costs and other 500 12,700
Net cash provided by financing activities 131,100 225,000
Net (decrease) increase in cash and cash equivalents (94,400) 487,200
Cash and equivalents, beginning of period 561,700 526,200
Cash and equivalents, end of period 467,300 1,013,400
Non-cash activities:    
Accrued and unpaid capital expenditures 34,500 48,500
Assets acquired under operating leases 1,125,400 0
Assets acquired under finance leases 14,600 0
Distribution of assets to PBF Energy Company LLC 169,100 12,600
Interest (net of capitalized interest of $13.4 and $6.4 in 2019 and 2018, respectively) 56,200 74,800
Income taxes 1,000 300
Capitalized interest 13,400 6,400
Rail Term Loan [Member]    
Cash flows from financing activities:    
Repayments of Long-term Debt $ (5,200) $ (5,100)