Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

A summary of the fair value of the assets acquired and liabilities assumed is as follows (in thousands):


Cash	$	16,146
Accounts receivable	34,954
Inventories	98,367
Prepaid and other assets	5,320
Property, plant, and equipment	412,766
Operating lease right-of-use assets	62,337
Goodwill (1)	42,522


Total assets (2)	672,412
Obligations under inventory financing agreements	(116,873)
Accounts payable	(55,357)
Current operating lease liabilities	(21,571)
Other current liabilities	(18,411)

Long-term operating lease liabilities	(40,766)
Deferred tax liability	(92,103)
Other non-current liabilities	(804)
Total liabilities	(345,885)
Total	$	326,527

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(1)We allocated $24.7 million and $17.8 million of goodwill to our refining and logistics segments, respectively.

(2)We allocated $403.9 million and $268.5 million of total assets to our refining and logistics segments, respectively.

A summary of the fair value of the assets acquired and liabilities assumed is as follows (in thousands):


Cash	$	200

Inventories	4,138
Prepaid and other current assets	243
Property, plant, and equipment	30,230

Goodwill (1)	46,210


Accounts payable and other current liabilities	(759)
Long-term capital lease obligations	(5,244)

Other non-current liabilities	(487)
Total	$	74,531

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(1) The total goodwill balance of $46.2 million was allocated to our retail segment.

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information presents our consolidated revenues and net income (loss) as if the Washington Acquisition had been completed on January 1, 2018 (in thousands except per share information):


	Year Ended December 31,
		2019		2018
Revenues		$	5,429,530	$	4,709,850
Net income (loss)		(4,547)		88,174

Income (loss) per share
Basic		$	(0.09)	$	1.81
Diluted		$	(0.09)	$	1.79