XML 14 R3.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenues $ 12,752.3 $ 7,173.3 $ 35,944.5 $ 18,969.7
Cost and expenses:        
Cost of products and other 10,490.2 6,445.8 30,223.5 16,880.7
Operating expenses (excluding depreciation and amortization expense as reflected below) 620.1 507.6 1,829.5 1,430.1
Depreciation and amortization expense 119.1 103.0 338.9 310.0
Cost of sales 11,229.4 7,056.4 32,391.9 18,620.8
General and administrative expenses (excluding depreciation and amortization expense as reflected below) 161.7 59.7 356.9 150.5
Depreciation and amortization expense 2.0 3.4 5.8 10.1
Change in fair value of contingent consideration 3.0 (0.7) 130.7 23.6
Loss (gain) on sale of assets 0.0 0.2 0.3 (0.4)
Total cost and expenses 11,396.1 7,119.0 32,885.6 18,804.6
Income from operations 1,356.2 54.3 3,058.9 165.1
Other income (expense):        
Interest expense, net (43.1) (71.5) (186.7) (211.0)
Change in fair value of catalyst obligations (2.6) 17.8 (0.3) 13.6
(Loss) gain on extinguishment of debt (69.9) 60.3 (66.1) 60.3
Other non-service components of net periodic benefit cost 2.2 2.0 6.6 5.9
Income before income taxes 1,242.8 62.9 2,812.4 33.9
Income tax expense (benefit) 10.4 (2.0) 1.1 (16.9)
Net income 1,232.4 64.9 2,811.3 50.8
Less: net income (loss) attributable to noncontrolling interests 0.3 (0.1) (1.4) 2.3
Net income attributable to PBF Holding Company LLC $ 1,232.1 $ 65.0 $ 2,812.7 $ 48.5