|
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDINGS (Tables)
|
9 Months Ended |
|
Sep. 30, 2013
|
| Condensed Financial Information of Subsidiary Disclosure [Abstract] |
|
| Condensed Consolidating Balance Sheet |
CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED)
| | | | | | | | | | | | | | | | | | | | | | September 30, 2013 | | Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Combining and Consolidating Adjustments | | Total | ASSETS | | | | | | | | | | Current assets: | | | | | | | | | | Cash and cash equivalents | $ | 56,808 |
| | $ | 609 |
| | $ | — |
| | $ | — |
| | $ | 57,417 |
| Accounts receivable | 531,004 |
| | 46,875 |
| | — |
| | — |
| | 577,879 |
| Inventories | 851,985 |
| | 620,652 |
| | — |
| | — |
| | 1,472,637 |
| Prepaid expense and other current assets | 43,721 |
| | 12,412 |
| | — |
| | — |
| | 56,133 |
| Due from related parties | 10,852,441 |
| | 15,714,459 |
| | — |
| | (26,566,900 | ) | | — |
| Total current assets | 12,335,959 |
| | 16,395,007 |
| | — |
| | (26,566,900 | ) | | 2,164,066 |
| | | | | | | | | | | Property, plant and equipment, net | 63,428 |
| | 1,672,332 |
| | — |
| | — |
| | 1,735,760 |
| Investment in subsidiaries | 3,814,871 |
| | — |
| | — |
| | (3,814,871 | ) | | — |
| Deferred charges and other assets, net | 29,511 |
| | 172,443 |
| | — |
| | — |
| | 201,954 |
| Total assets | $ | 16,243,769 |
| | $ | 18,239,782 |
| | $ | — |
| | $ | (30,381,771 | ) | | $ | 4,101,780 |
| | | | | | | | | | | LIABILITIES AND EQUITY | | | | | | | | | | Current liabilities: | | | | | | | | | | Accounts payable | $ | 476,299 |
| | $ | 87,623 |
| | $ | — |
| | $ | — |
| | $ | 563,922 |
| Accrued expenses | 482,446 |
| | 561,157 |
| | — |
| | — |
| | 1,043,603 |
| Deferred revenue | 1,882 |
| | — |
| | — |
| | — |
| | 1,882 |
| Due to related parties | 12,878,170 |
| | 13,688,730 |
| | — |
| | (26,566,900 | ) | | — |
| Total current liabilities | 13,838,797 |
| | 14,337,510 |
| | — |
| | (26,566,900 | ) | | 1,609,407 |
| | | | | | | | | | | Delaware Economic Development Authority loan | — |
| | 16,000 |
| | — |
| | — |
| | 16,000 |
| Long-term debt | 682,242 |
| | 40,323 |
| | — |
| | — |
| | 722,565 |
| Intercompany notes payable | 31,632 |
| | — |
| | — |
| | — |
| | 31,632 |
| Other long-term liabilities | 5,273 |
| | 31,078 |
| | — |
| | — |
| | 36,351 |
| Total liabilities | 14,557,944 |
| | 14,424,911 |
| | — |
| | (26,566,900 | ) | | 2,415,955 |
| | | | | | | | | | | Commitments and contingencies |
| |
| |
| |
| |
| | | | | | | | | | | Equity: | | | | | | | | | | Member's equity | 931,587 |
| | 664,978 |
| | — |
| | (664,978 | ) | | 931,587 |
| Retained earnings (accumulated deficit) | 762,848 |
| | 3,151,447 |
| | — |
| | (3,151,447 | ) | | 762,848 |
| Accumulated other comprehensive loss | (8,610 | ) | | (1,554 | ) | | — |
| | 1,554 |
| | (8,610 | ) | Total equity | 1,685,825 |
| | 3,814,871 |
| | — |
| | (3,814,871 | ) | | 1,685,825 |
| Total liabilities and equity | $ | 16,243,769 |
| | $ | 18,239,782 |
| | $ | — |
| | $ | (30,381,771 | ) | | $ | 4,101,780 |
|
18. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED)
| | | | | | | | | | | | | | | | | | | | | | December 31, 2012 | | Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Combining and Consolidating Adjustments | | Total | ASSETS | | | | | | | | | | Current assets: | | | | | | | | | | Cash and cash equivalents | $ | 241,926 |
| | $ | 12,365 |
| | $ | — |
| | $ | — |
| | $ | 254,291 |
| Accounts receivable | 306,999 |
| | 196,797 |
| | — |
| | — |
| | 503,796 |
| Inventories | 664,225 |
| | 832,894 |
| | — |
| | — |
| | 1,497,119 |
| Prepaid expense and other current assets | 8,835 |
| | 4,553 |
| | — |
| | — |
| | 13,388 |
| Due from related parties | 6,770,893 |
| | 10,015,340 |
| | — |
| | (16,771,512 | ) | | 14,721 |
| Total current assets | 7,992,878 |
| | 11,061,949 |
| | — |
| | (16,771,512 | ) | | 2,283,315 |
| | | | | | | | | | | Property, plant and equipment, net | 28,200 |
| | 1,607,387 |
| | — |
| | — |
| | 1,635,587 |
| Investment in subsidiaries | 2,855,598 |
| | — |
| | — |
| | (2,855,598 | ) | | — |
| Deferred charges and other assets, net | 31,081 |
| | 166,268 |
| | — |
| | — |
| | 197,349 |
| Total assets | $ | 10,907,757 |
| | $ | 12,835,604 |
| | $ | — |
| | $ | (19,627,110 | ) | | $ | 4,116,251 |
| | | | | | | | | | | LIABILITIES AND EQUITY | | | | | | | | | | Current liabilities: | | | | | | | | | | Accounts payable | $ | 197,624 |
| | $ | 162,433 |
| | $ | — |
| | $ | — |
| | $ | 360,057 |
| Accrued expenses | 363,536 |
| | 662,382 |
| | — |
| | — |
| | 1,025,918 |
| Deferred revenue | — |
| | 210,543 |
| | — |
| | — |
| | 210,543 |
| Due to related parties | 7,926,481 |
| | 8,845,031 |
| | — |
| | (16,771,512 | ) | | — |
| Total current liabilities | 8,487,641 |
| | 9,880,389 |
| | — |
| | (16,771,512 | ) | | 1,596,518 |
| | | | | | | | | | | Delaware Economic Development Authority loan | — |
| | 20,000 |
| | — |
| | — |
| | 20,000 |
| Long-term debt | 666,538 |
| | 43,442 |
| | — |
| | — |
| | 709,980 |
| Other long-term liabilities | 1,924 |
| | 36,175 |
| | — |
| | — |
| | 38,099 |
| Total liabilities | 9,156,103 |
| | 9,980,006 |
| | — |
| | (16,771,512 | ) | | 2,364,597 |
| | | | | | | | | | | Commitments and contingencies |
| |
| |
| |
| |
| | | | | | | | | | | Equity: | | | | | | | | | | Member's equity | 930,098 |
| | 664,108 |
| | — |
| | (664,108 | ) | | 930,098 |
| Retained earnings | 830,497 |
| | 2,193,052 |
| | — |
| | (2,193,052 | ) | | 830,497 |
| Accumulated other comprehensive loss | (8,941 | ) | | (1,562 | ) | | — |
| | 1,562 |
| | (8,941 | ) | Total equity | 1,751,654 |
| | 2,855,598 |
| | — |
| | (2,855,598 | ) | | 1,751,654 |
| Total liabilities and equity | $ | 10,907,757 |
| | $ | 12,835,604 |
| | $ | — |
| | $ | (19,627,110 | ) | | $ | 4,116,251 |
|
|
| Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2013 | | Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Combining and Consolidating Adjustments | | Total | | | | | | | | | | | Revenues | $ | 4,813,737 |
| | $ | 745,102 |
| | $ | — |
| | $ | (699,959 | ) | | $ | 4,858,880 |
| | | | | | | | | | | Costs and expenses: | | | | | | | | | | Cost of sales, excluding depreciation | 4,624,531 |
| | 739,125 |
| | — |
| | (699,959 | ) | | 4,663,697 |
| Operating expenses, excluding depreciation | (168 | ) | | 192,815 |
| | — |
| | — |
| | 192,647 |
| General and administrative expenses | 19,567 |
| | 3,086 |
| | — |
| | — |
| | 22,653 |
| (Gain) loss on sale of asset | (254 | ) | | 206 |
| | — |
| | — |
| | (48 | ) | Depreciation and amortization expense | 3,317 |
| | 24,118 |
| | — |
| | — |
| | 27,435 |
| | 4,646,993 |
| | 959,350 |
| | — |
| | (699,959 | ) | | 4,906,384 |
| | | | | | | | | | | Income (loss) from operations | 166,744 |
| | (214,248 | ) | | — |
| | — |
| | (47,504 | ) | | | | | | | | | | | Other income (expense): | | | | | | | | | | Equity in earnings of subsidiaries | (218,232 | ) | | — |
| | — |
| | 218,232 |
| | — |
| Change in fair value of catalyst lease | — |
| | (2,363 | ) | | — |
| | — |
| | (2,363 | ) | Interest expense, net | (24,742 | ) | | (1,621 | ) | | — |
| | — |
| | (26,363 | ) | Net (loss) income | $ | (76,230 | ) | | $ | (218,232 | ) | | $ | — |
| | $ | 218,232 |
| | $ | (76,230 | ) | | | | | | | | | | | Comprehensive (Loss) Income | $ | (76,109 | ) | | $ | (218,232 | ) | | $ | — |
| | $ | 218,232 |
| | $ | (76,109 | ) |
18. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2012 | | Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Combining and Consolidating Adjustments | | Total | | | | | | | | | | | Revenues | $ | 2,191,427 |
| | $ | 4,133,729 |
| | $ | — |
| | $ | (929,950 | ) | | $ | 5,395,206 |
| | | | | | | | | | | Costs and expenses: | | | | | | | | | | Cost of sales, excluding depreciation | 2,428,649 |
| | 3,433,946 |
| | — |
| | (929,950 | ) | | 4,932,645 |
| Operating expenses, excluding depreciation | — |
| | 179,035 |
| | — |
| | — |
| | 179,035 |
| General and administrative expenses | 38,150 |
| | 792 |
| | — |
| | — |
| | 38,942 |
| Loss on sale of asset | — |
| | 20 |
| | — |
| | — |
| | 20 |
| Depreciation and amortization expense | 2,183 |
| | 22,272 |
| | — |
| | — |
| | 24,455 |
| | 2,468,982 |
| | 3,636,065 |
| | — |
| | (929,950 | ) | | 5,175,097 |
| | | | | | | | | | | (Loss) income from operations | (277,555 | ) | | 497,664 |
| | — |
| | — |
| | 220,109 |
| | | | | | | | | | | Other income (expense): | | | | | | | | | | Equity in earnings (loss) of subsidiaries | 483,690 |
| | — |
| | — |
| | (483,690 | ) | | — |
| Change in fair value of contingent consideration | — |
| | (692 | ) | | — |
| | — |
| | (692 | ) | Change in fair value of catalyst lease | — |
| | (5,952 | ) | | — |
| | — |
| | (5,952 | ) | Interest expense, net | (19,552 | ) | | (7,349 | ) | | — |
| | — |
| | (26,901 | ) | Net income | $ | 186,583 |
| | $ | 483,671 |
| | $ | — |
| | $ | (483,690 | ) | | $ | 186,564 |
| | | | | | | | | | | Comprehensive Income | $ | 186,566 |
| | $ | 483,690 |
| | $ | — |
| | $ | (483,690 | ) | | $ | 186,566 |
|
18. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2013 | | Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Combining and Consolidating Adjustments | | Total | | | | | | | | | | | Revenues | $ | 11,375,513 |
| | $ | 7,060,883 |
| | $ | — |
| | $ | (4,101,376 | ) | | $ | 14,335,020 |
| | | | | | | | | | | Costs and expenses: | | | | | | | | | | Cost of sales, excluding depreciation | 12,078,314 |
| | 5,417,839 |
| | — |
| | (4,101,376 | ) | | 13,394,777 |
| Operating expenses, excluding depreciation | (310 | ) | | 601,555 |
| | — |
| | — |
| | 601,245 |
| General and administrative expenses | 61,607 |
| | 10,281 |
| | — |
| | — |
| | 71,888 |
| (Gain) loss on sale of asset | (254 | ) | | 206 |
| | — |
| | — |
| | (48 | ) | Depreciation and amortization expense | 9,457 |
| | 72,073 |
| | — |
| | — |
| | 81,530 |
| | 12,148,814 |
| | 6,101,954 |
| | — |
| | (4,101,376 | ) | | 14,149,392 |
| | | | | | | | | | | (Loss) income from operations | (773,301 | ) | | 958,929 |
| | — |
| | — |
| | 185,628 |
| | | | | | | | | | | Other income (expense): | | | | | | | | | | Equity in earnings (loss) of subsidiaries | 958,402 |
| | — |
| | — |
| | (958,402 | ) | | — |
| Change in fair value of catalyst lease | — |
| | 3,118 |
| | — |
| | — |
| | 3,118 |
| Interest expense, net | (66,067 | ) | | (3,645 | ) | | — |
| | — |
| | (69,712 | ) | Net income | $ | 119,034 |
| | $ | 958,402 |
| | $ | — |
| | $ | (958,402 | ) | | $ | 119,034 |
| | | | | | | | | | | Comprehensive Income | $ | 119,365 |
| | $ | 958,402 |
| | $ | — |
| | $ | (958,402 | ) | | $ | 119,365 |
|
18. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2012 | | Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Combining and Consolidating Adjustments | | Total | | | | | | | | | | | Revenues | $ | 5,036,947 |
| | $ | 12,767,276 |
| | $ | — |
| | $ | (2,615,896 | ) | | $ | 15,188,327 |
| | | | | | | | | | | Costs and expenses: | | | | | | | | | | Cost of sales, excluding depreciation | 6,010,490 |
| | 10,477,290 |
| | — |
| | (2,615,896 | ) | | 13,871,884 |
| Operating expenses, excluding depreciation | — |
| | 537,880 |
| | — |
| | — |
| | 537,880 |
| General and administrative expenses | 72,706 |
| | 5,336 |
| | — |
| | — |
| | 78,042 |
| Gain on sale of asset | — |
| | (2,430 | ) | | — |
| | — |
| | (2,430 | ) | Depreciation and amortization expense | 5,123 |
| | 62,296 |
| | — |
| | — |
| | 67,419 |
| | 6,088,319 |
| | 11,080,372 |
| | — |
| | (2,615,896 | ) | | 14,552,795 |
| | | | | | | | | | | (Loss) income from operations | (1,051,372 | ) | | 1,686,904 |
| | — |
| | — |
| | 635,532 |
| | | | | | | | | | | Other income (expense): | | | | | | | | | | Equity in earnings (loss) of subsidiaries | 1,654,329 |
| | — |
| | — |
| | (1,654,329 | ) | | — |
| Change in fair value of contingent consideration | — |
| | (2,076 | ) | | — |
| | — |
| | (2,076 | ) | Change in fair value of catalyst lease | — |
| | (6,929 | ) | | — |
| | — |
| | (6,929 | ) | Interest expense, net | (63,164 | ) | | (23,589 | ) | | — |
| | — |
| | (86,753 | ) | Net income | $ | 539,793 |
| | $ | 1,654,310 |
| | $ | — |
| | $ | (1,654,329 | ) | | $ | 539,774 |
| | | | | | | | | | | Comprehensive Income | $ | 539,793 |
| | $ | 1,654,329 |
| | $ | — |
| | $ | (1,654,329 | ) | | $ | 539,793 |
|
|
| Condensed Consolidating Statement of Cash Flow |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOW (UNAUDITED) | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2013 | | Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Combining and Consolidating Adjustments | | Total | Cash flows from operating activities: | | | | | | | | | | Net income | $ | 119,034 |
| | $ | 958,402 |
| | $ | — |
| | $ | (958,402 | ) | | $ | 119,034 |
| Adjustments to reconcile net income to net | | | | | | | | | | cash provided by operating activities: | | | | | | | | | | Depreciation and amortization | 14,273 |
| | 72,144 |
| | — |
| | — |
| | 86,417 |
| Stock-based compensation | — |
| | 2,750 |
| | — |
| | — |
| | 2,750 |
| Change in fair value of catalyst lease obligation | — |
| | (3,118 | ) | | — |
| | — |
| | (3,118 | ) | Change in fair value of contingent consideration | — |
| | — |
| | — |
| | — |
| | — |
| Non-cash change in inventory repurchase obligations | — |
| | (13,362 | ) | | — |
| | — |
| | (13,362 | ) | Write-off of unamortized deferred financing fees | — |
| | — |
| | — |
| | — |
| | — |
| Pension and other post retirement benefit costs | 3,541 |
| | 9,113 |
| | — |
| | — |
| | 12,654 |
| Gain on disposition of property, plant and equipment | (254 | ) | | 206 |
| | — |
| | — |
| | (48 | ) | Equity in earnings of subsidiaries | (958,402 | ) | | — |
| | — |
| | 958,402 |
| | — |
| Changes in current assets and current liabilities: | | | | | | | | | | Accounts receivable | (224,005 | ) | | 149,922 |
| | — |
| | — |
| | (74,083 | ) | Amounts due to/from related parties | 870,141 |
| | (855,420 | ) | | — |
| | — |
| | 14,721 |
| Inventories | (187,760 | ) | | 218,925 |
| | — |
| | — |
| | 31,165 |
| Other current assets | (34,886 | ) | | (7,859 | ) | | — |
| | — |
| | (42,745 | ) | Accounts payable | 278,675 |
| | (74,810 | ) | | — |
| | — |
| | 203,865 |
| Accrued expenses | 118,507 |
| | (65,994 | ) | | — |
| | — |
| | 52,513 |
| Deferred revenue | 1,882 |
| | (210,543 | ) | | — |
| | — |
| | (208,661 | ) | Other assets and liabilities | 122 |
| | (18,497 | ) | | — |
| | — |
| | (18,375 | ) | Net cash provided by operating activities | 868 |
| | 161,859 |
| | — |
| | — |
| | 162,727 |
| | | | | | | | | | | Cash flows from investing activities: | | | | | | | | | | Expenditures for property, plant and equipment | (75,099 | ) | | (126,807 | ) | | — |
| | — |
| | (201,906 | ) | Expenditures for refinery turnarounds costs | — |
| | (15,859 | ) | | — |
| | — |
| | (15,859 | ) | Expenditures for other assets | — |
| | (10,584 | ) | | — |
| | — |
| | (10,584 | ) | Proceeds from sale of assets | 30,826 |
| | — |
| | — |
| | — |
| | 30,826 |
| Net cash used in investing activities | (44,273 | ) | | (153,250 | ) | | — |
| | — |
| | (197,523 | ) | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | Proceeds from revolver borrowings | 745,000 |
| | — |
| | — |
| | — |
| | 745,000 |
| Proceeds from intercompany notes payable | 31,632 |
| | — |
| | — |
| | — |
| | 31,632 |
| Distribution to members | (186,684 | ) | | — |
| | — |
| | — |
| | (186,684 | ) | Repayments of revolver borrowings | (730,000 | ) | | — |
| | — |
| | — |
| | (730,000 | ) | Payment of contingent consideration related to acquisition of Toledo refinery | — |
| | (21,357 | ) | | — |
| | — |
| | (21,357 | ) | Deferred financing costs and other | (1,661 | ) | | 992 |
| | — |
| | — |
| | (669 | ) | Net cash used in financing activities | (141,713 | ) | | (20,365 | ) | | — |
| | — |
| | (162,078 | ) | | | | | | | | | | | Net decrease in cash and cash equivalents | (185,118 | ) | | (11,756 | ) | | — |
| | — |
| | (196,874 | ) | Cash and equivalents, beginning of period | 241,926 |
| | 12,365 |
| | — |
| | — |
| | 254,291 |
| Cash and equivalents, end of period | $ | 56,808 |
| | $ | 609 |
| | $ | — |
| | $ | — |
| | $ | 57,417 |
|
18. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING CONDENSED CONSOLIDATING STATEMENT OF CASH FLOW (UNAUDITED) | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2012 | | Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Combining and Consolidating Adjustments | | Total | Cash flows from operating activities: | | | | | | | | | | Net income | $ | 539,793 |
| | $ | 1,654,310 |
| | $ | — |
| | $ | (1,654,329 | ) | | $ | 539,774 |
| Adjustments to reconcile net income to net | | | | | | | | | | cash provided by operating activities: | | | | | | | | | | Depreciation and amortization | 8,847 |
| | 62,297 |
| | — |
| | — |
| | 71,144 |
| Stock-based compensation | — |
| | 1,707 |
| | — |
| | — |
| | 1,707 |
| Change in fair value of catalyst lease obligation | — |
| | 6,929 |
| | — |
| | — |
| | 6,929 |
| Change in fair value of contingent consideration | — |
| | 2,076 |
| | — |
| | — |
| | 2,076 |
| Non-cash change in inventory repurchase obligations | — |
| | 5,126 |
| | — |
| | — |
| | 5,126 |
| Write-off of unamortized deferred financing fees | 4,391 |
| | — |
| | — |
| | — |
| | 4,391 |
| Pension and other post retirement benefit costs | 1,594 |
| | 7,919 |
| | — |
| | — |
| | 9,513 |
| Gain on disposition of property, plant and equipment | — |
| | (2,430 | ) | | — |
| | — |
| | (2,430 | ) | Equity in earnings of subsidiaries | (1,654,329 | ) | | — |
| | — |
| | 1,654,329 |
| | — |
| Changes in current assets and current liabilities: | | | | | | | | | | Accounts receivable | (410,412 | ) | | 230,423 |
| | — |
| | — |
| | (179,989 | ) | Amounts due to/from related parties | 1,710,567 |
| | (1,710,567 | ) | | — |
| | — |
| | — |
| Inventories | (540,547 | ) | | 625,726 |
| | — |
| | — |
| | 85,179 |
| Other current assets | (8,501 | ) | | 45,472 |
| | — |
| | — |
| | 36,971 |
| Accounts payable | 63,779 |
| | (77,121 | ) | | — |
| | (25,811 | ) | | (39,153 | ) | Accrued expenses | 347,790 |
| | (404,194 | ) | | — |
| | — |
| | (56,404 | ) | Deferred revenue | 3,912 |
| | 9,807 |
| | — |
| | — |
| | 13,719 |
| Other assets and liabilities | (2,723 | ) | | (27,008 | ) | | — |
| | — |
| | (29,731 | ) | Net cash (used in) provided by operating activities | 64,161 |
| | 430,472 |
| | — |
| | (25,811 | ) | | 468,822 |
| | | | | | | | | | | Cash flows from investing activities: | | | | | | | | | | Expenditures for property, plant and equipment | (13,859 | ) | | (88,145 | ) | | — |
| | — |
| | (102,004 | ) | Expenditures for refinery turnarounds costs | — |
| | (27,501 | ) | | — |
| | — |
| | (27,501 | ) | Expenditures for other assets | — |
| | (7,731 | ) | | — |
| | — |
| | (7,731 | ) | Proceeds from sale of assets | — |
| | 3,381 |
| | — |
| | — |
| | 3,381 |
| Net cash used in investing activities | (13,859 | ) | | (119,996 | ) | | — |
| | — |
| | (133,855 | ) | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | Proceeds from member's capital contributions | 250 |
| | — |
| | — |
| | — |
| | 250 |
| Proceeds from 8.25% senior secured notes | 665,806 |
| | — |
| | — |
| | — |
| | 665,806 |
| Proceeds from long-term debt | 430,000 |
| | — |
| | — |
| | — |
| | 430,000 |
| Proceeds from catalyst lease | — |
| | 9,452 |
| | — |
| | — |
| | 9,452 |
| Distributions to members | (15,081 | ) | | — |
| | — |
| | — |
| | (15,081 | ) | Repayments of long-term debt | (823,749 | ) | | (360,848 | ) | | — |
| | — |
| | (1,184,597 | ) | Payment of contingent consideration related to acquisition of Toledo refinery | (103,642 | ) | | — |
| | — |
| | — |
| | (103,642 | ) | Deferred financing costs and other | (17,273 | ) | | — |
| | — |
| | — |
| | (17,273 | ) | Net cash provided by (used in) financing activities | 136,311 |
| | (351,396 | ) | | — |
| | — |
| | (215,085 | ) | | | | | | | | | | | Net increase (decrease) in cash and cash equivalents | 186,613 |
| | (40,920 | ) | | — |
| | (25,811 | ) | | 119,882 |
| Cash and equivalents, beginning of period | 3,124 |
| | 47,042 |
| | — |
| | — |
| | 50,166 |
| Cash and equivalents, end of period | $ | 189,737 |
| | $ | 6,122 |
| | $ | — |
| | $ | (25,811 | ) | | $ | 170,048 |
|
|