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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 3,708.9 $ 239.1 $ (1,857.5)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 495.6 444.3 523.8
Impairment expense 0.0 0.0 91.8
Stock-based compensation 44.1 30.3 29.3
Change in fair value of catalyst obligations 2.0 (8.5) 11.8
Deferred income taxes (3.2) (14.5) 7.3
Non-cash change in inventory repurchase obligations (5.4) (8.4) (12.6)
Non-cash lower of cost or market inventory adjustment 0.0 (669.6) 268.0
Change in fair value of contingent consideration, net 48.1 29.4 (79.3)
Loss (gain) on extinguishment of debt 66.1 (79.9) 22.2
Pension and other post-retirement benefit costs 47.6 50.8 55.7
Loss (gain) on sale of assets 0.9 (0.2) (477.8)
Changes in operating assets and liabilities:      
Accounts receivable (179.6) (770.5) 325.1
Due to/from affiliates (25.7) 9.3 6.7
Inventories (258.5) (149.3) 392.2
Prepaid and other current assets (5.0) (15.3) (3.0)
Accounts payable (97.7) 480.1 (200.6)
Accrued expenses 860.8 806.9 111.5
Deferred revenue (2.8) (4.8) 28.2
Other assets and liabilities 0.0 (76.9) (62.8)
Net cash provided by (used in) operating activities 4,696.2 292.3 (820.0)
Cash flows from investing activities:      
Expenditures for property, plant and equipment (625.4) (240.5) (183.9)
Expenditures for deferred turnaround costs (311.6) (117.7) (188.1)
Expenditures for other assets (66.0) (28.9) (9.1)
Acquisition of Martinez refinery 0.0 0.0 (1,176.2)
Proceeds from sale of assets 0.0 0.0 543.1
Net cash used in investing activities (1,003.0) (387.1) (1,014.2)
Cash flows from financing activities:      
Contributions from PBF LLC 56.4 37.0 42.4
Proceeds from revolver borrowings 400.0 0.0 1,450.0
Repayments of revolver borrowings (1,300.0) 0.0 (550.0)
Settlements of precious metal catalyst obligations (56.2) (31.7) (8.8)
Proceeds from catalyst financing arrangements 0.0 0.0 51.9
Payments on financing leases (11.3) (17.8) (12.4)
Proceeds from insurance premium financing 2.1 0.0 0.0
Deferred financing costs and other (31.3) 0.5 (34.7)
Net cash (used in) provided by financing activities (2,845.0) (169.6) 2,641.2
Net change in cash and cash equivalents 848.2 (264.4) 807.0
Cash and cash equivalents, beginning of period 1,305.7 1,570.1 763.1
Cash and cash equivalents, end of period 2,153.9 1,305.7 1,570.1
Non-cash activities:      
Accrued and unpaid capital expenditures 165.2 103.2 31.1
Assets acquired or remeasured under operating and financing leases 82.8 (106.6) 702.0
Fair value of the Martinez Contingent Consideration at acquisition 0.0 0.0 77.3
Cash paid during the year for:      
Interest (net of capitalized interest of $24.8, $8.9 and $11.9 in 2022, 2021 and 2020, respectively) 211.5 265.4 162.9
Capitalized interest 24.8 8.9 11.9
Income taxes 0.8 1.0 1.0
Collins Pipeline Company And T&M Terminal Company      
Cash flows from financing activities:      
Payments of capital distribution 0.0 (0.7) 0.0
Members      
Cash flows from financing activities:      
Payments of capital distribution (571.4) (2.7) (23.1)
2025 Senior Secured Notes      
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Loss (gain) on extinguishment of debt (69.9)    
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 0.0 0.0 1,250.6
Repayments of long-term debt (1,307.4) 0.0 0.0
2028 Senior Notes      
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Loss (gain) on extinguishment of debt (3.6) (62.4)  
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 0.0 0.0 1,000.0
Repayments of long-term debt (21.1) (109.3) 0.0
2025 Senior Notes      
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Loss (gain) on extinguishment of debt (0.2) (17.5)  
Cash flows from financing activities:      
Repayments of long-term debt (4.8) (37.5) 0.0
2023 Senior Notes      
Cash flows from financing activities:      
Repayments of long-term debt 0.0 0.0 (517.5)
Rail Term Loan      
Cash flows from financing activities:      
Repayments of long-term debt $ 0.0 $ (7.4) $ (7.2)