PBF LOGISTICS LP PBFX Income Statement

Pbf logistics lp (PBFX)

Income statement / Quarterly

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
Revenue:
Affiliate
75,543	76,863	78,026	74,656	71,332	68,637	66,140	63,785	60,864	63,738	62,359	58,355	56,202	55,676	43,842	37,965	37,965	37,306	37,082	34,868	32,846	29,993	17,060	10,168	2,182
Third-party
17,486	15,377	8,351	8,094	7,513	11,408	4,416	4,314	3,876	4,849	3,836	3,974	4,275	3,579	4,591	2,694	2,694	-	0	0	-	-	-	-	-
Total revenue
93,029	92,240	86,377	82,750	78,845	80,045	70,556	68,099	64,740	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue, Net
-	-	-	-	-	-	-	-	-	-	66,195	62,329	60,477	59,255	48,433	40,659	40,659	-	37,082	34,868	-	-	-	-	-
Costs and expenses:
Operating and maintenance expenses
29,501	31,789	28,356	28,553	29,916	26,983	20,803	20,724	19,880	24,544	17,704	15,504	15,769	22,710	12,903	7,890	7,890	12,565	4,963	4,768	8,434	12,192	7,219	4,817	4,848
General and administrative expenses
4,387	6,373	4,552	7,580	6,010	5,867	4,725	6,488	4,291	3,337	3,534	6,098	3,315	-1,273	4,420	6,910	6,910	4,100	3,007	3,729	3,062	3,081	2,722	1,609	797
Depreciation and amortization
11,282	11,947	9,079	8,854	8,721	8,624	7,451	7,091	6,643	7,586	5,756	5,710	5,352	5,361	5,347	2,349	2,349	2,887	1,649	1,637	1,633	1,802	1,177	868	861
Change in contingent consideration
206	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
45,376	49,319	41,987	44,987	44,647	41,474	32,979	34,303	30,814	35,467	26,994	27,312	24,436	26,798	22,670	17,149	17,149	19,552	9,619	10,134	13,129	17,075	11,118	7,294	6,506
Income from operations
47,653	42,921	44,390	37,763	34,198	38,571	37,577	33,796	33,926	33,120	39,201	35,017	36,041	32,457	25,763	23,510	23,510	18,348	27,463	24,734	19,717	12,918	5,942	2,874	-4,324
Other expense:
Interest expense, net
-11,849	-12,196	-12,230	-11,216	-10,913	-10,857	-10,070	-10,029	-9,585	-9,382	-7,416	-7,509	-7,568	-7,051	-7,280	-7,212	-7,212	-6,765	-6,757	-4,624	-1,793	-1,339	-685	-285	2
Amortization of loan fees and debt premium
439	441	444	446	449	461	497	396	363	363	332	377	416	418	416	422	422	424	423	306	162	150	142	73	0
Accretion on discounted liabilities
552	513	722	773	760	775	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
34,813	-	-	-	22,076	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) Attributable to Parent, before Tax
-	-	30,994	25,328	-	26,478	27,010	23,371	23,978	23,375	31,453	27,131	28,057	24,988	18,067	15,876	15,876	11,159	20,283	19,804	17,762	11,429	5,115	2,516	-4,322
Net Income (Loss) Attributable To Predecessors
-	-	0	0	-	-2,558	-80	-1,084	1,279	-6,355	1,219	0	150	6,648	4,428	378	378	6,114	0	-221	-1,053	-26,642	4,193	2,901	4,322
Less: Net income attributable to noncontrolling interest
0	0	0	3,162	4,719	4,709	4,725	4,363	4,022	3,347	3,799	3,820	3,599	4,058	1,621	0	0	-	0	-	-	-	-	-	-
Net income attributable to the partners
-	-	30,994	22,166	-	21,769	22,365	20,092	21,235	23,645	28,873	23,311	24,608	27,578	20,874	16,254	16,254	-	-	-	-	-	-	-	-
Less: Net income attributable to the IDR holder
-	-	0	0	-	-12,744	-3,641	3,415	2,959	-7,788	2,526	-2,107	-1,686	-1,142	-1,125	-882	-882	-	-	-	-	-	-	-	-
Net income attributable to PBF Logistics LP unitholders
34,813	-	-	-	17,357	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Allocated to Limited Partners
-	-	30,994	22,166	-	21,773	18,724	16,677	18,276	20,909	26,347	21,204	22,922	26,436	19,749	15,372	15,372	17,273	20,283	19,583	16,709	15,239	9,308	5,417	0
Weighted-average limited partner units outstanding:
Cash distributions paid per unit (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.48	0.47	0.46	-	0.44	0.43	0.42	-	0.39	0.37	0.35	-	0.30	-	-
Common Units [Member]
Net income attributable to the partners
-	-	30,994	22,166	-	21,773	18,724	16,677	18,276	20,909	26,347	15,759	14,204	-	-	-	-	-	-	-	-	-	-	-	-
Common - basic (in dollars per share)
0.56	0.49	0.50	0.37	0.35	0.49	0.42	0.39	0.43	0.50	0.63	0.49	0.55	-	-	-	-	-	-	-	-	-	-	-	-
Common - diluted (in dollars per share)
0.56	0.49	0.50	0.37	0.35	0.49	0.42	0.39	0.43	0.50	0.63	0.49	0.55	-	-	-	-	-	-	-	-	-	-	-	-
Common - basic (in shares)
62,370	62,539	62,361	60,279	49,151	45,709	44,518	42,231	42,129	42,423	42,127	31,428	26,042	-	-	-	-	-	-	-	-	-	-	-	-
Common - diluted (in shares)
62,473	62,608	62,460	60,364	49,318	45,781	44,612	42,294	42,236	42,501	42,161	31,485	26,127	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated Units [Member]
Subordinated - basic and diluted (In dollars per share)
-	-	-	-	-	-	-	-	-	1.08	0.00	0.52	0.55	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated - basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-246	0	10,649	15,886	-	-	-	-	-	-	-	-	-	-	-	-