XML 89 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues    
Refining and distribution revenues $ 2,681,208us-gaap_RefiningAndMarketingRevenue $ 729,213us-gaap_RefiningAndMarketingRevenue
Retail revenues 231,673us-gaap_RetailRevenue 48,913us-gaap_RetailRevenue
Commodity marketing and logistics revenues 189,160parr_CommodityMarketingAndLogisticsRevenues 100,149parr_CommodityMarketingAndLogisticsRevenues
Natural gas and oil revenues 5,984us-gaap_OilAndGasSalesRevenue 7,739us-gaap_OilAndGasSalesRevenue
Total operating revenues 3,108,025us-gaap_Revenues 886,014us-gaap_Revenues
Operating expenses    
Cost of revenues 2,937,472us-gaap_CostOfRevenue 857,066us-gaap_CostOfRevenue
Operating expense, excluding depreciation, depletion and amortization expense 140,900us-gaap_OtherCostAndExpenseOperating 27,251us-gaap_OtherCostAndExpenseOperating
Lease operating expense 5,673us-gaap_LeaseOperatingExpense 5,676us-gaap_LeaseOperatingExpense
Depreciation, depletion and amortization 14,897us-gaap_DepreciationDepletionAndAmortization 5,982us-gaap_DepreciationDepletionAndAmortization
Loss (gain) on sale of assets, net 624us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges (50)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges
Trust litigation and settlements 0parr_TrustLitigationAndSettlements 6,206parr_TrustLitigationAndSettlements
General and administrative expense 34,304us-gaap_GeneralAndAdministrativeExpense 21,494us-gaap_GeneralAndAdministrativeExpense
Acquisition and integration expense 11,687us-gaap_BusinessCombinationIntegrationRelatedCosts 9,794us-gaap_BusinessCombinationIntegrationRelatedCosts
Total operating expenses 3,145,557us-gaap_CostsAndExpenses 933,419us-gaap_CostsAndExpenses
Operating loss (37,532)us-gaap_OperatingIncomeLoss (47,405)us-gaap_OperatingIncomeLoss
Other income (expense)    
Interest expense and financing costs, net (19,783)us-gaap_InterestExpense (19,426)us-gaap_InterestExpense
Other income (expense), net (312)us-gaap_OtherNonoperatingIncomeExpense 758us-gaap_OtherNonoperatingIncomeExpense
Change in value of common stock warrants 4,433us-gaap_FairValueAdjustmentOfWarrants (10,159)us-gaap_FairValueAdjustmentOfWarrants
Change in value of contingent consideration 2,849us-gaap_GainLossOnDerivativeInstrumentsNetPretax 0us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Equity earnings (losses) from Piceance Energy, LLC 2,849us-gaap_IncomeLossFromEquityMethodInvestments (2,941)us-gaap_IncomeLossFromEquityMethodInvestments
Total other income (expense), net (9,964)us-gaap_NonoperatingIncomeExpense (31,768)us-gaap_NonoperatingIncomeExpense
Loss before income taxes (47,496)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (79,173)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit (expense) 455us-gaap_IncomeTaxExpenseBenefit 0us-gaap_IncomeTaxExpenseBenefit
Net loss $ (47,041)us-gaap_NetIncomeLoss $ (79,173)us-gaap_NetIncomeLoss
Basic and diluted loss per common share (in usd per share) $ (1.44)us-gaap_EarningsPerShareBasicAndDiluted $ (4.01)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of shares outstanding:    
Basic (in shares) 32,739us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 19,740us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 32,739us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 19,740us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding