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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 1,819.1 $ 2,811.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 418.8 360.0
Stock-based compensation 27.7 20.7
Change in fair value of catalyst obligations (1.1) 0.3
Deferred income taxes (5.9) 0.7
Non-cash change in inventory repurchase obligations 25.1 (21.1)
Change in fair value of contingent consideration, net 32.4 130.7
Loss on extinguishment of debt 5.7 66.1
Pension and other post-retirement benefit costs 35.9 35.7
(Gain) loss on sale of assets (1.3) 0.3
Changes in operating assets and liabilities:    
Accounts receivable (102.4) (353.1)
Due to/from affiliates 1.9 (21.2)
Inventories (331.9) (184.4)
Prepaid and other current assets (128.7) (268.6)
Accounts payable 411.9 (14.1)
Accrued expenses (1,035.7) 938.2
Deferred revenue 41.6 31.6
Other assets and liabilities (60.8) (1.8)
Net cash provided by operating activities 1,152.3 3,531.3
Cash flows from investing activities:    
Expenditures for property, plant and equipment (569.5) (386.9)
Expenditures for deferred turnaround costs (322.9) (240.3)
Expenditures for other assets (39.5) (51.9)
Proceeds from sale of assets 4.4 0.0
Net cash used in investing activities (927.5) (679.1)
Cash flows from financing activities:    
Contributions from PBF LLC 1,109.6 50.0
Payment of contingent consideration (80.1) 0.0
Proceeds from revolver borrowings 0.0 400.0
Repayments of revolver borrowings 0.0 (1,300.0)
Settlement of precious metal catalyst obligations (3.1) (37.3)
Payments on financing leases (11.1) (8.5)
Proceeds from insurance premium financing 8.7 10.5
Deferred financing costs and other, net (35.7) (31.2)
Net cash used in financing activities (501.8) (2,306.4)
Net change in cash and cash equivalents (277.0) 545.8
Cash and cash equivalents, beginning of period 2,153.9 1,305.7
Cash and cash equivalents, end of period 1,876.9 1,851.5
Non-cash activities:    
Non-Cash Distribution of Assets 844.8 0.0
Accrued and unpaid capital expenditures 64.5 106.3
Assets acquired or remeasured under operating and financing leases 231.2 36.7
Cash paid during the period for:    
Interest (net of capitalized interest of $32.9 million and $15.8 million in 2023 and 2022, respectively) 98.0 183.1
Income taxes 1.5 1.1
2028 Senior Notes    
Cash flows from financing activities:    
Repayments of Long-term Debt 0.0 (21.1)
2025 Senior Notes    
Cash flows from financing activities:    
Repayments of Long-term Debt (666.2) (4.8)
2030 Senior Notes    
Cash flows from financing activities:    
Proceeds from Issuance of Long-term Debt 496.6 0.0
2025 Senior Secured Notes    
Cash flows from financing activities:    
Repayments of Long-term Debt 0.0 (1,307.4)
Members    
Cash flows from financing activities:    
Distributions to members $ (1,320.5) $ (56.6)