Pbf energy inc. (PBF)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Jun'12Mar'12
Income Statement [Abstract]
Revenues

5,277

6,301

6,430

6,560

5,216

6,292

7,646

7,444

5,802

6,535

5,478

5,017

4,754

4,748

4,513

3,858

2,800

3,360

3,217

3,550

2,995

4,520

5,260

5,301

4,746

4,816

4,858

4,678

4,797

5,077

4,716

Cost and expenses:
Cost of products and other

5,963

5,522

5,700

5,955

4,209

6,102

6,816

6,452

5,132

5,709

4,352

4,605

4,196

-

3,862

3,249

2,412

3,162

2,822

2,994

2,502

4,717

4,670

4,935

4,147

4,408

4,663

4,295

4,435

4,279

4,660

Operating expenses (excluding depreciation and amortization expense as reflected below)

531

433

436

433

479

452

424

417

426

417

402

412

451

433

412

276

299

268

203

194

237

200

202

210

268

211

192

202

206

170

188

Depreciation and amortization expense

116

110

107

104

103

95

90

89

83

80

75

62

59

-

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales

6,611

6,066

6,244

6,493

4,791

6,650

7,331

6,959

5,641

6,206

4,830

5,081

4,707

-

4,329

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses (excluding depreciation and amortization expense as reflected below)

82

108

64

53

57

85

69

58

62

71

58

41

43

41

44

43

37

54

51

39

36

42

34

33

36

15

30

19

30

25

13

Depreciation and amortization expense

2

3

2

2

2

2

2

2

2

2

2

6

1

-102

1

51

55

-134

48

48

47

44

68

34

33

29

27

27

26

22

20

Change in fair value of contingent consideration

-52

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-0

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

-

-

32

-0

-

0

43

-0

-0

-0

-0

-0

-0

0

-8

-3

0

-0

0

0

0

0

-0

-0

0

0

0

0

0

-0

2

Total cost and expenses

6,644

6,178

6,278

6,550

4,851

6,739

7,360

7,021

5,707

6,281

4,891

5,128

4,753

4,608

4,383

3,623

2,805

3,538

3,125

3,276

2,822

5,004

4,975

5,213

4,486

4,665

4,914

4,545

4,697

4,497

4,880

Income (loss) from operations

-1,366

123

151

9

364

-446

286

422

95

254

587

-111

0

140

129

234

-5

-178

92

273

172

-484

284

87

260

150

-55

133

100

579

-164

Other income (expense):
Interest expense, net

49

-

-

-

39

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Tax Receivable Agreement liability

11

-

0

-

0

-

-7

-

-

-

-0

-

-

-

3

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

Other Income and Expenses [Abstract]
Change in fair value of catalyst obligations

-11

3

3

-0

3

0

-1

-4

0

1

-0

-1

2

-5

-0

1

2

-1

-4

-1

-2

-2

-5

2

2

-1

2

-6

1

-5

6

Debt extinguishment costs

-22

-

-

-

0

-

-

-

-

-

0

-25

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-

-

39

42

-

41

42

43

43

39

36

40

37

38

38

35

37

29

28

26

22

22

24

26

25

24

26

21

21

28

31

Other non-service components of net periodic benefit cost

1

0

-0

0

-0

0

0

0

0

-1

-0

-0

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-1,437

81

108

-32

321

-481

253

383

52

463

551

-176

-39

123

88

197

-45

-185

67

248

152

-501

265

59

232

119

-84

118

77

555

-202

Income tax (benefit) expense

-374

12

22

-10

80

-134

61

95

11

202

203

-72

-19

52

31

76

-22

-64

11

90

49

-180

95

13

49

17

-19

10

7

0

0

Net income (loss)

-1,062

69

86

-21

241

-346

192

287

41

260

347

-104

-20

71

56

120

-23

-121

55

158

103

-320

170

45

183

102

-64

107

69

555

-202

Less: net income attributable to noncontrolling interests

3

-

16

10

12

-

12

15

11

-

32

5

11

-

14

17

6

-2

12

22

15

-43

29

24

105

70

-45

90

58

0

0

Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest

-

-

-

10

-

-

-

15

11

18

32

5

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to PBF Energy Inc. stockholders

-1,065

52

69

-32

229

-353

179

272

30

241

314

-109

-31

54

42

103

-29

-119

42

135

87

-277

140

20

77

31

-19

16

11

-

-

Weighted-average shares of Class A common stock outstanding
Basic (in shares)

119

-

119

119

119

-

117

112

110

-

109

108

108

-

97

97

97

96

85

86

84

83

87

72

54

39

39

26

23

-

-

Diluted (in shares)

119

-

121

119

122

-

120

116

115

-

113

108

108

-

103

103

97

101

91

91

91

72

97

73

54

-32

39

27

97

-

-

Net income (loss) available to Class A common stock per share:
Basic (in dollars per share)

-8.93

-

0.58

-0.27

1.91

-

1.53

2.41

0.27

-

2.86

-1.01

-0.29

-

0.43

1.06

-0.30

-1.46

0.50

1.58

1.04

-3.84

1.61

0.29

1.43

0.62

-0.50

0.62

0.48

-

-

Diluted (in dollars per share)

-8.93

-

0.57

-0.27

1.89

-

1.50

2.37

0.27

-

2.85

-1.01

-0.29

-

0.43

1.06

-0.30

-1.41

0.49

1.57

1.00

-3.82

1.60

0.29

1.42

0.61

-0.50

0.61

0.48

-

-

Dividends per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.30

0.30

0.30

-

0.30

0.30

0.30

0.30

0.30

0.30

0.30

0.30

0.30

0.30

0.30

0.30

0.30

0.30

0.30

-

-

PBF LLC [Member]
Revenues

5,277

6,301

6,430

6,560

5,216

6,292

7,646

7,444

5,802

6,535

5,478

5,017

4,754

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of products and other

5,963

-

-

-

4,209

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses (excluding depreciation and amortization expense as reflected below)

531

-

-

-

479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of products and other

-

-

5,700

5,955

-

6,102

6,816

6,452

5,132

5,709

4,352

4,605

4,196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Expenses

-

-

436

433

-

452

424

417

426

417

402

412

451

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

116

110

107

104

103

95

90

89

83

80

75

62

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales

6,611

6,066

6,244

6,493

4,791

6,650

7,331

6,959

5,641

6,206

4,830

5,081

4,707

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses (excluding depreciation and amortization expense as reflected below)

82

107

64

53

57

84

69

58

62

71

58

40

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

2

3

2

2

2

2

2

2

2

2

2

6

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of contingent consideration

-52

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

-

-

32

-0

-

0

43

-0

-0

-0

-0

-0

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost and expenses

6,644

6,177

6,278

6,550

4,851

6,738

7,359

7,021

5,706

6,281

4,891

5,128

4,753

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from operations

-1,366

123

152

9

364

-445

286

422

95

254

587

-110

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

51

-

-

-

41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of catalyst obligations

-11

3

3

-0

3

0

-1

-4

0

1

-0

-1

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt extinguishment costs

-22

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt extinguishment costs

-

-

-

-

-

-

-

-

-

-

0

-25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-

-

42

44

-

43

44

45

45

41

38

42

39

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-service components of net periodic benefit cost

1

0

-0

0

-0

0

0

0

0

-1

-0

-0

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-1,428

79

106

-34

320

-488

244

381

51

211

548

-177

-41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax (benefit) expense

14

-0

-2

1

-7

13

-0

-4

-0

-12

-4

5

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-1,442

80

108

-35

327

-502

244

385

51

223

553

-183

-41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest

-

-

-

11

-

-

-

9

10

11

14

12

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to PBF Energy Inc. stockholders

-1,460

65

92

-47

318

-514

234

376

41

212

538

-195

-54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-