PBF ENERGY INC. PBF Balance Sheet

Pbf energy inc. (PBF)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12
ASSETS
Current assets:
Cash and cash equivalents (PBFX: $116.0 and $35.0, respectively)
722	814	536	204	418	597	1,059	478	362	573	300	173	306	746	625	1,412	740	944	472	623	449	397	477	317	237	76	57	69	404	285
Accounts receivable
439	835	879	989	869	718	1,067	1,034	831	952	776	611	610	620	653	647	541	454	395	540	441	551	698	713	529	596	577	591	662	503
Inventories
986	2,122	2,130	2,314	2,566	1,865	2,561	2,540	2,579	2,213	2,310	1,875	2,085	1,863	1,845	1,308	1,229	1,174	1,101	1,306	1,129	1,102	1,787	1,711	1,546	1,445	1,472	1,537	1,450	1,497
Assets held for sale
58	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	180	315	353	371	262	175	226	222	11	18	12	25	27	4	5	7
Marketable securities - current (PBFX: $0 and $40,024, respectively)
-	-	-	-	-	-	-	-	-	-	0	0	40	40	59	136	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid and other current assets
103	51	56	90	125	55	61	55	87	63	58	73	82	137	182	110	156	77	71	39	49	72	30	83	40	55	56	46	28	13
Total current assets
2,309	3,823	3,602	3,599	3,979	3,236	4,749	4,107	3,861	3,802	3,445	2,733	3,125	3,407	3,547	3,931	3,021	3,022	2,303	2,685	2,295	2,346	3,005	2,843	2,365	2,200	2,191	2,248	2,551	2,307
Property, plant and equipment, net (PBFX: $850.0 and $854.6, respectively)
4,995	4,023	3,975	3,919	3,875	3,820	3,597	3,560	3,493	3,479	3,480	3,457	3,380	3,328	3,252	2,504	2,372	2,356	1,960	1,964	1,931	1,936	1,902	1,822	1,757	1,781	1,735	1,685	1,658	1,635
Deferred tax assets
324	0	0	0	0	48	0	0	47	53	268	476	398	379	217	180	188	201	297	342	358	345	418	429	310	169	200	204	107	112
Operating lease right of use assets
330	306	331	236	245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing lease right of use assets
84	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketable securities (PBFX: $0 and $234,258, respectively)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	234	234	234	234	234	234	264	299	-	0	-	-	-	-
Deferred charges and other assets, net
1,089	954	1,007	1,054	1,025	899	868	878	880	782	804	813	608	506	449	370	366	290	311	316	330	300	286	286	282	262	201	187	191	197
Total assets
9,134	9,132	8,917	8,809	9,126	8,005	9,215	8,546	8,282	8,117	7,999	7,481	7,512	7,621	7,465	6,988	6,183	6,105	5,107	5,543	5,150	5,164	5,877	5,681	4,716	4,413	4,329	4,325	4,509	4,253
LIABILITIES AND EQUITY
Liabilities
Current liabilities:
Accounts payable
437	601	521	444	556	488	483	637	666	578	447	449	380	535	369	373	388	315	212	354	313	335	377	339	246	402	563	227	476	360
Accrued expenses
1,492	1,815	1,699	1,846	1,900	1,623	2,151	1,830	1,889	1,814	1,833	1,609	1,616	1,467	1,528	1,301	1,144	1,119	819	1,140	999	1,130	1,432	1,497	1,364	1,209	1,042	1,029	1,139	1,031
Payable to related parties pursuant to tax receivable agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	57	57	56	57	69	65	75	12	12	12	12	1	1	1	1
Deferred tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	24	29	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
36	20	13	25	66	20	13	4	6	8	4	6	3	13	12	8	3	4	4	7	6	1	1	6	6	7	1	183	212	210
Current operating lease liabilities
79	72	78	80	81	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note payable
-	-	-	-	-	0	0	3	4	5	6	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current debt
0	0	0	1	2	2	1	1	11	10	0	0	0	39	59	135	-	0	-	-	-	-	0	13	12	12	-	-	-	0
Total current liabilities
2,045	2,509	2,312	2,397	2,606	2,134	2,648	2,477	2,577	2,418	2,292	2,064	2,000	2,056	2,047	1,901	1,623	1,495	1,094	1,572	1,384	1,542	1,824	1,867	1,642	1,644	1,609	1,441	1,828	1,603
Delaware Economic Development Authority loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	4	4	4	8	8	8	8	8	12	12	12	16	16	16	20
Long-term debt (PBFX: $902.5 and $802.1, respectively)
3,546	2,064	2,064	2,029	2,188	1,931	2,175	2,214	2,165	2,175	2,158	2,159	2,112	2,108	2,305	2,223	1,841	1,836	1,373	1,353	1,251	1,220	1,148	1,020	710	723	722	799	711	709
Payable to related parties pursuant to Tax Receivable Agreement
385	373	373	373	373	373	381	391	366	362	610	611	611	611	613	604	604	604	677	667	672	637	677	667	496	274	298	290	159	159
Deferred tax liabilities
44	96	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
-	-	81	60	70	40	122	58	32	33	46	50	45	45	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Long-term operating lease liabilities
249	233	252	156	165	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term lease obligations
73	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
310	250	279	279	275	277	241	233	224	225	216	225	230	229	215	78	76	68	63	69	67	62	43	49	44	43	34	36	32	38
Total liabilities
6,654	5,546	5,363	5,296	5,679	4,756	5,570	5,374	5,366	5,215	5,324	5,112	5,000	5,051	5,186	4,812	4,149	4,009	3,216	3,671	3,382	3,470	3,702	3,617	2,906	2,698	2,680	2,583	2,747	2,530
Commitments and contingencies (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity
Members' Equity
Equity:
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares outstanding at March 31, 2020 and December 31, 2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Treasury stock, at cost
165	165	162	162	161	160	153	153	153	152	151	151	151	151	150	150	150	150	150	146	-143	142	-32	-	-	0	-	-	-	-
Additional paid in capital
2,825	2,812	2,806	2,800	2,722	2,633	2,631	2,308	2,294	2,277	2,259	2,255	2,251	2,245	1,967	1,930	1,907	1,904	1,558	1,552	1,552	1,508	1,505	1,496	1,198	657	659	658	418	417
Retained earnings (Accumulated deficit)
-700	401	384	350	419	225	615	471	233	236	27	-253	-108	-44	-54	-67	-141	-83	65	48	-61	-123	179	64	64	3	-15	16	6	1
Accumulated other comprehensive loss
-11	-8	-21	-21	-22	-22	-24	-25	-25	-25	-23	-23	-24	-24	-21	-22	-22	-23	-24	-24	-24	-24	-12	-12	-10	-6	-3	-3	-0	-0
Total PBF Energy Company LLC equity
1,948	3,039	3,007	2,967	2,957	2,676	3,067	2,601	2,349	2,336	2,112	1,827	1,966	2,025	1,740	1,690	1,592	1,647	1,448	1,429	1,323	1,218	1,640	1,548	1,252	654	640	670	424	419
Noncontrolling interest
531	545	546	545	489	572	577	570	565	566	563	541	545	545	539	485	441	448	442	443	444	475	534	515	557	1,061	1,008	1,071	1,336	1,303
Total equity
2,479	3,585	3,554	3,513	3,446	3,248	3,645	3,172	2,915	2,902	2,675	2,368	2,512	2,570	2,279	2,175	2,033	2,095	1,890	1,872	1,767	1,693	2,174	2,063	1,810	1,715	1,648	1,741	1,761	1,723
Total liabilities, Series B units and equity
9,134	9,132	8,917	8,809	9,126	8,005	9,215	8,546	8,282	8,117	7,999	7,481	7,512	7,621	7,465	6,988	6,183	6,105	5,107	5,543	5,150	5,164	5,877	5,681	4,716	4,413	4,329	4,325	4,509	4,253
PBF LLC [Member]
Cash and cash equivalents (PBFX: $116.0 and $35.0, respectively)
721	813	536	203	417	-	1,057	474	361	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
439	834	878	989	869	-	1,067	1,034	831	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
986	2,122	2,130	2,314	2,566	-	2,561	2,540	2,579	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets held for sale
58	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid and other current assets
103	51	56	90	125	-	61	53	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
2,309	3,821	3,601	3,598	3,978	-	4,747	4,102	3,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, plant and equipment, net (PBFX: $850.0 and $854.6, respectively)
4,995	4,023	3,975	3,919	3,875	-	3,597	3,560	3,493	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right of use assets
330	306	331	236	245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing lease right of use assets
84	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred charges and other assets, net
1,088	953	1,006	1,052	1,023	-	863	873	875	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
8,808	9,129	8,915	8,807	9,123	-	9,208	8,537	8,228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
436	601	521	444	556	-	482	637	666	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses
1,527	1,846	1,725	1,870	1,920	-	2,167	1,843	1,902	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
36	20	13	25	66	-	13	4	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current operating lease liabilities
79	72	78	80	81	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current debt
-	-	0	1	2	-	1	1	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note payable
-	-	-	-	-	-	0	3	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
2,079	2,539	2,337	2,421	2,626	-	2,665	2,490	2,590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt (PBFX: $902.5 and $802.1, respectively)
3,546	2,064	2,064	2,029	2,188	-	2,175	2,214	2,165	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Affiliate note payable
377	376	378	378	326	-	326	322	310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
45	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
-	-	32	35	33	-	27	28	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term operating lease liabilities
249	233	252	156	165	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term lease obligations
73	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
310	250	279	279	275	-	241	233	224	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
6,681	5,514	5,344	5,299	5,614	-	5,436	5,288	5,323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B Units, 1,000,000 issued and outstanding, no par or stated value
5	5	5	5	5	-	5	5	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock, at cost
165	165	162	162	161	-	153	153	153	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings (Accumulated deficit)
-354	1,142	1,114	1,058	1,196	-	1,464	1,266	925	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive loss
-8	-9	-22	-23	-23	-	-26	-26	-26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total PBF Energy Company LLC equity
1,686	3,176	3,131	3,069	3,129	-	3,307	2,788	2,445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest
434	432	433	433	374	-	459	454	455	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total equity
2,121	3,609	3,565	3,502	3,503	-	3,766	3,243	2,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities, Series B units and equity
8,808	9,129	8,915	8,807	9,123	-	9,208	8,537	8,228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class A Common Stock [Member]
Common stock, issuance value
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class B common stock [Member]
Common stock, issuance value
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-