XML 46 R36.htm IDEA: XBRL DOCUMENT
v3.24.3

Investment in Unconsolidated Subsidiary (Tables) | 9 Months Ended
--- | ---
Sep. 28, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | Selected financial information for the Company’s DGD Joint Venture is as follows:
(in thousands) |  | September 30, 2024 | December 31, 2023
Assets: |  |  |
Cash |  | $ | 195,666 |  | $ | 236,794 |
Total other current assets |  | 1,472,709 |  | 1,640,636 |
Property, plant and equipment, net |  | 3,886,783 |  | 3,838,800 |
Other assets |  | 104,317 |  | 89,697 |
Total assets |  | $ | 5,659,475 |  | $ | 5,805,927 |
Liabilities and members' equity: |  |  |
Revolver |  | $ | — |  | $ | 250,000 |
Total other current portion of long term debt |  | 29,496 |  | 28,639 |
Total other current liabilities |  | 384,496 |  | 417,918 |
Total long term debt |  | 714,783 |  | 737,097 |
Total other long term liabilities |  | 17,043 |  | 16,996 |
Total members' equity |  | 4,513,657 |  | 4,355,277 |
Total liabilities and members' equity |  | $ | 5,659,475 |  | $ | 5,805,927 |
|  | Three Months Ended |  | Nine Months Ended
(in thousands) |  | September 30, 2024 | September 30, 2023 |  | September 30, 2024 | September 30, 2023
Revenues: |  |  |  |  |  |
Operating revenues |  | $ | 1,224,679 |  | $ | 1,430,666 |  |  | $ | 3,819,870 |  | $ | 5,356,827 |
Expenses: |  |  |  |  |  |
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense |  | 1,126,200 |  | 1,257,766 |  |  | 3,300,483 |  | 4,430,485 |
Lower of cost or market (LCM) inventory valuation adjustment |  | 20,310 |  | — |  |  | 57,814 |  | — |
Depreciation, amortization and accretion expense |  | 68,303 |  | 55,118 |  |  | 195,503 |  | 172,040 |
Total costs and expenses |  | 1,214,813 |  | 1,312,884 |  |  | 3,553,800 |  | 4,602,525 |
Operating income |  | 9,866 |  | 117,782 |  |  | 266,070 |  | 754,302 |
Other income |  | 5,058 |  | 2,701 |  |  | 14,336 |  | 6,863 |
Interest and debt expense, net |  | (10,093) |  | (11,705) |  |  | (30,372) |  | (37,785) |
Income before income tax expense |  | 4,831 |  | 108,778 |  |  | $ | 250,034 |  | $ | 723,380 |
Income tax benefit |  | (29) |  | — |  |  | (58) |  | — |
Net income |  | $ | 4,860 |  | $ | 108,778 |  |  | $ | 250,092 |  | $ | 723,380 |

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration