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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 2,811.3 $ 50.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 360.0 331.4
Stock-based compensation 20.7 20.1
Change in fair value of catalyst obligations 0.3 (13.6)
Deferred income taxes 0.7 (15.6)
Non-cash change in inventory repurchase obligations (21.1) 46.0
Non-cash lower of cost or market inventory adjustment 0.0 (669.6)
Change in fair value of contingent consideration 130.7 23.6
Loss (gain) on extinguishment of debt 66.1 (60.3)
Pension and other post-retirement benefit costs 35.7 38.0
Loss (gain) on sale of assets 0.3 (0.4)
Changes in operating assets and liabilities:    
Accounts receivable (353.1) (549.3)
Due to/from affiliates (21.2) 11.0
Inventories (184.4) (475.6)
Prepaid and other current assets (268.6) (65.2)
Accounts payable (14.1) 34.8
Accrued expenses 938.2 1,564.4
Deferred revenue 31.6 (5.5)
Other assets and liabilities (1.8) (80.1)
Net cash provided by operating activities 3,531.3 184.9
Cash flows from investing activities:    
Expenditures for property, plant and equipment (386.9) (135.1)
Expenditures for deferred turnaround costs (240.3) (64.6)
Expenditures for other assets (51.9) (20.6)
Net cash used in investing activities (679.1) (220.3)
Cash flows from financing activities:    
Contributions from PBF LLC 50.0 28.0
Proceeds from revolver borrowings 400.0 0.0
Repayments of revolver borrowings (1,300.0) 0.0
Settlement of precious metal catalyst obligations (37.3) (18.5)
Payments on financing leases (8.5) (10.7)
Proceeds from insurance premium financing 10.5 7.0
Deferred financing costs and other, net (31.2) 0.4
Net cash used in financing activities (2,306.4) (92.9)
Net change in cash and cash equivalents 545.8 (128.3)
Cash and cash equivalents, beginning of period 1,305.7 1,570.1
Cash and cash equivalents, end of period 1,851.5 1,441.8
Non-cash activities:    
Accrued and unpaid capital expenditures 106.3 64.5
Assets acquired or remeasured under operating and financing leases 36.7 (126.5)
Cash paid during the period for:    
Interest (net of capitalized interest of $15.8 million and $5.3 million in 2022 and 2021, respectively) 183.1 173.9
Income taxes 1.1 0.8
2028 Senior Notes    
Cash flows from financing activities:    
Repayments of Long-term Debt (21.1) (69.7)
2025 Senior Notes    
Cash flows from financing activities:    
Repayments of Long-term Debt (4.8) (21.2)
2025 Senior Secured Notes    
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss (gain) on extinguishment of debt (69.9)  
Cash flows from financing activities:    
Repayments of Long-term Debt (1,307.4) 0.0
Rail Term Loan    
Cash flows from financing activities:    
Repayments of Long-term Debt 0.0 (5.5)
Members    
Cash flows from financing activities:    
Payments of Capital Distribution (56.6) (2.0)
Collins Pipeline Company and T&M Terminal Company    
Cash flows from financing activities:    
Payments of Capital Distribution $ 0.0 $ (0.7)