XML 139 R118.htm IDEA: XBRL DOCUMENT v3.10.0.1
SEGMENT INFORMATION Schedule of Segment Reporting (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Apr. 17, 2017
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Aug. 31, 2016
Segment Reporting Information [Line Items]                            
Total assets   $ 8,005,415,000 [1]       $ 8,117,993,000 [2]         $ 8,005,415,000 [1] $ 8,117,993,000 [2]    
Revenues                     27,186,093,000 21,786,637,000 $ 15,920,424,000  
Revenues   6,292,874,000 $ 7,646,360,000 $ 7,444,083,000 $ 5,802,776,000 6,535,988,000 $ 5,478,951,000 $ 5,017,225,000 $ 4,754,473,000   27,186,093,000 21,786,637,000 15,920,424,000  
Depreciation and amortization expense                     369,760,000 290,956,000 222,176,000  
Income (loss) from operations   (446,236,000) 286,433,000 422,263,000 95,660,000 254,613,000 587,260,000 (111,048,000) 795,000   358,120,000 731,620,000 [3] 499,463,000  
Interest and Debt Expense                     169,911,000 154,427,000 150,045,000  
Capital Expenditures                     733,887,000 [4] 727,035,000 [5] 1,612,871,000 [1]  
Logistics Group [Member]                            
Segment Reporting Information [Line Items]                            
Revenues                     283,440,000 257,588,000 189,006,000  
Refining Group [Member]                            
Segment Reporting Information [Line Items]                            
Total assets   6,988,059,000 [1]       7,287,384,000 [2]         6,988,059,000 [1] 7,287,384,000 [2]    
Revenues                     27,162,079,000 21,769,703,000 15,906,866,000  
Revenues                     27,162,079,000 21,769,703,000 15,906,866,000  
Depreciation and amortization expense                     329,317,000 253,588,000 200,935,000  
Income (loss) from operations                     498,287,000 [3] 814,033,000 [3] 557,839,000  
Interest and Debt Expense                     7,601,000 4,695,000 2,938,000  
Capital Expenditures                     552,020,000 [4] 633,294,000 [5] 1,468,696,000 [1]  
PBF Logistics LP [Member]                            
Segment Reporting Information [Line Items]                            
Total assets   956,353,000 [1]       748,215,000 [2]         956,353,000 [1] 748,215,000 [2]    
Revenues                     283,440,000 257,588,000 189,006,000  
Depreciation and amortization expense                     29,809,000 24,404,000 15,406,000  
Income (loss) from operations                     143,870,000 [3] 143,379,000 [3] 105,240,000  
Interest and Debt Expense                     43,033,000 33,363,000 30,433,000  
Capital Expenditures                     175,696,000 [4] 90,258,000 [5] 123,946,000 [1]  
Corporate Segment [Member]                            
Segment Reporting Information [Line Items]                            
Total assets   98,055,000 [1]       123,211,000 [2]         98,055,000 [1] 123,211,000 [2]    
Revenues                     0 0 0  
Depreciation and amortization expense                     10,634,000 12,964,000 5,835,000  
Income (loss) from operations                     (266,218,000) [3] (211,227,000) [3] (157,937,000)  
Interest and Debt Expense                     119,277,000 116,369,000 116,674,000  
Capital Expenditures                     6,171,000 [4] 3,483,000 [5] 20,229,000 [1]  
Intersegment Eliminations [Member]                            
Segment Reporting Information [Line Items]                            
Total assets   (37,052,000) [1]       (40,817,000) [2]         (37,052,000) [1] (40,817,000) [2]    
Revenues                     (259,426,000) (240,654,000) (175,448,000)  
Depreciation and amortization expense                     0 0 0  
Income (loss) from operations                     (17,819,000) [3] (14,565,000) [3] (5,679,000)  
Interest and Debt Expense                     0 0 0  
Capital Expenditures                     0 [4] 0 [5] 0 [1]  
Knoxville Terminals [Member] | Logistics Group [Member]                            
Segment Reporting Information [Line Items]                            
Capital Expenditures                     58,356,000      
East Coast Storage Assets Acquisition [Member]                            
Segment Reporting Information [Line Items]                            
Revenues   5,918,000                        
East Coast Storage Assets Acquisition [Member] | Logistics Group [Member]                            
Segment Reporting Information [Line Items]                            
Capital Expenditures                     74,989,000      
Toledo Terminal Acquisition [Member] | Logistics Group [Member]                            
Segment Reporting Information [Line Items]                            
Capital Expenditures $ 10,097,000                          
Chalmette Refining L.L.C. [Member] | Refining Group [Member]                            
Segment Reporting Information [Line Items]                            
Capital Expenditures         2,659,000                  
Torrance Refinery [Member]                            
Segment Reporting Information [Line Items]                            
Revenues                   $ 1,977,204,000        
Torrance Refinery [Member] | Refining Group [Member]                            
Segment Reporting Information [Line Items]                            
Capital Expenditures         971,932,000                  
East Coast Terminals [Member] | PBF Logistics LP [Member]                            
Segment Reporting Information [Line Items]                            
Capital Expenditures       98,373,000                    
Torrance Valley Pipeline Company LLC [Member]                            
Segment Reporting Information [Line Items]                            
Subsidiary, Consolidation Percentage                           100.00%
PBF LLC [Member]                            
Segment Reporting Information [Line Items]                            
Total assets [2]   7,953,036,000       8,038,985,000         7,953,036,000 8,038,985,000    
Revenues                     27,186,093,000 21,786,637,000 15,920,424,000  
Revenues   6,292,874,000 7,646,360,000 7,444,083,000 5,802,776,000 6,535,988,000 5,478,951,000 5,017,225,000 4,754,473,000   27,186,093,000 21,786,637,000 15,920,424,000  
Depreciation and amortization expense                     369,760,000 290,956,000 222,176,000  
Income (loss) from operations   (445,505,000) $ 286,759,000 $ 422,704,000 $ 95,912,000 254,782,000 $ 587,308,000 $ (110,976,000) $ 831,000   359,870,000 [3] 731,945,000 [3] 499,663,000  
Interest and Debt Expense                     178,421,000 162,383,000 155,819,000  
Capital Expenditures                     733,887,000 [4] 727,035,000 [5] 1,612,871,000 [1]  
PBF LLC [Member] | Refining Group [Member]                            
Segment Reporting Information [Line Items]                            
Total assets [2]   6,988,059,000       7,287,384,000         6,988,059,000 7,287,384,000    
Revenues                     27,162,079,000 21,769,703,000 15,906,866,000  
Depreciation and amortization expense                     329,317,000 253,588,000 200,935,000  
Income (loss) from operations                     498,287,000 [3] 814,033,000 [3] 557,839,000  
Interest and Debt Expense                     7,601,000 4,695,000 2,938,000  
Capital Expenditures                     552,020,000 [4] 633,294,000 [5] 1,468,696,000 [1]  
PBF LLC [Member] | PBF Logistics LP [Member]                            
Segment Reporting Information [Line Items]                            
Total assets [2]   956,353,000       748,215,000         956,353,000 748,215,000    
Revenues                     283,440,000 257,588,000 189,006,000  
Depreciation and amortization expense                     29,809,000 24,404,000 15,406,000  
Income (loss) from operations                     143,870,000 [3] 143,379,000 [3] 105,240,000  
Interest and Debt Expense                     43,033,000 33,363,000 30,433,000  
Capital Expenditures                     175,696,000 [4] 90,258,000 [5] 123,946,000 [1]  
PBF LLC [Member] | Corporate Segment [Member]                            
Segment Reporting Information [Line Items]                            
Total assets [2]   45,676,000       44,203,000         45,676,000 44,203,000    
Revenues                     0 0 0  
Depreciation and amortization expense                     10,634,000 12,964,000 5,835,000  
Income (loss) from operations                     (264,468,000) [3] (210,902,000) [3] (157,737,000)  
Interest and Debt Expense                     127,787,000 124,325,000 122,448,000  
Capital Expenditures                     6,171,000 [4] 3,483,000 [5] 20,229,000 [1]  
PBF LLC [Member] | Intersegment Eliminations [Member]                            
Segment Reporting Information [Line Items]                            
Total assets [2]   $ (37,052,000)       $ (40,817,000)         (37,052,000) (40,817,000)    
Revenues                     $ (259,426,000) $ (240,654,000) $ (175,448,000)  
PBFX [Member] | Torrance Valley Pipeline Company LLC [Member]                            
Segment Reporting Information [Line Items]                            
Noncontrolling Interest in Variable Interest Entity                           $ 0.50
[1] (4)The Refining segment includes capital expenditures of $971,932 related to the acquisition of the Torrance refinery and related logistics assets that was completed in the third quarter of 2016. Additionally, the Refining segment includes capital expenditures of $2,659 for the working capital settlement related to the acquisition of the Chalmette refinery that was finalized in the first quarter of 2016. The Logistics segment includes $98,373 for the PBFX Plains Asset Purchase that was completed in the second quarter of 2016.
[2] (5)The Logistics segment includes 100% of the assets of TVPC as TVPC is consolidated by PBFX. PBFX records a noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records an equity investment in TVPC reflecting its noncontrolling ownership interest. For the purposes of the Company’s consolidated financial statements, PBFX’s noncontrolling interest in TVPC and PBF Holding’s equity investment in TVPC eliminate in consolidation.
[3] (1)The Logistics segment includes 100% of the income from operations of TVPC as TVPC is consolidated by PBFX. PBFX records net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) records equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For the purposes of the Company’s consolidated financial statements, PBF Holding’s equity income in investee and PBFX’s net income attributable to noncontrolling interest eliminate in consolidation.
[4] (2)The Logistics segment includes capital expenditures of $58,356 for the PBFX acquisition of the Knoxville Terminals on April 16, 2018 and $74,989 for the PBFX acquisition of the East Coast Storage Assets on October 1, 2018.
[5] (3)The Logistics segment includes capital expenditures of $10,097 for the PBFX acquisition of the Toledo Products Terminal on April 17, 2017.