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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 469.5 $ (18.0)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 140.5 114.7
Stock-based compensation 9.2 7.1
Change in fair value of catalyst obligations (0.7) 4.9
Deferred income taxes 0.3 (8.1)
Non-cash change in inventory repurchase obligations (4.2) (40.7)
Change in fair value of contingent consideration, net (16.3) 50.1
Pension and other post-retirement benefit costs 12.0 11.9
(Gain) loss on sale of assets (1.6) 0.1
Changes in operating assets and liabilities:    
Accounts receivable 275.3 (538.0)
Due to/from affiliates (1.7) (10.2)
Inventories (91.3) (388.4)
Prepaid and other current assets (94.6) (161.5)
Accounts payable (104.0) 682.3
Accrued expenses (227.2) 537.1
Deferred revenue 36.0 12.9
Other assets and liabilities (8.4) (13.3)
Net cash provided by operating activities 392.8 242.9
Cash flows from investing activities:    
Expenditures for property, plant and equipment (237.1) (116.9)
Expenditures for deferred turnaround costs (127.7) (82.2)
Expenditures for other assets (15.6) (25.0)
Proceeds from sale of assets 4.4 0.0
Net cash used in investing activities (376.0) (224.1)
Cash flows from financing activities:    
Contributions from PBF LLC 25.0 16.0
Payments on financing leases (2.9) (3.0)
Proceeds from insurance premium financing 61.2 47.3
Deferred financing costs and other, net (0.5) (0.1)
Net cash (used in) provided by financing activities (575.4) 56.3
Net change in cash and cash equivalents (558.6) 75.1
Cash and cash equivalents, beginning of period 2,153.9 1,305.7
Cash and cash equivalents, end of period 1,595.3 1,380.8
Non-cash activities:    
Accrued and unpaid capital expenditures 170.7 119.7
Assets acquired or remeasured under operating and financing leases 51.8 23.9
Cash paid during the period for:    
Interest (net of capitalized interest of $12.7 million and $4.1 million in 2023 and 2022, respectively) 24.0 33.9
Income taxes 0.1 0.1
Members    
Cash flows from financing activities:    
Distributions to members $ (658.2) $ (3.9)