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Consolidated Balance Sheets PBF LLC BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents (PBFX: $19,908 and $19,664, respectively) $ 597,286 $ 573,021
Accounts receivable 718,207 952,552
Inventories 1,865,831 2,213,797
Prepaid and other current assets 55,608 63,589
Total current assets 3,236,932 3,802,959
Property, plant and equipment, net (PBFX: $862,117 and $684,488, respectively) 3,820,892 3,479,213
Deferred charges and other assets, net 899,091 782,183
Total assets 8,005,415 [1] 8,117,993 [2]
Current liabilities:    
Accounts payable 488,432 578,551
Accrued expenses 1,623,619 1,814,854
Deferred revenue 20,086 8,933
Note payable 0 5,621
Current debt 2,378 10,987
Total current liabilities 2,134,515 2,418,946
Long-term debt (PBFX: $673,324 and $548,793, respectively) 1,931,316 2,175,042
Deferred tax liabilities 40,365 33,155
Other long-term liabilities 277,228 225,759
Total liabilities 4,756,936 5,215,044
Members' Equity    
Treasury Stock, Value (160,800) (152,585)
Retained earnings 225,838 236,786
Accumulated other comprehensive loss (22,428) (25,381)
Total PBF Energy Company LLC equity 2,676,465 2,336,654
Noncontrolling interest 572,014 566,295
Total equity 3,248,479 2,902,949
Total liabilities and equity 8,005,415 8,117,993
PBF LLC [Member]    
Current assets:    
Cash and cash equivalents (PBFX: $19,908 and $19,664, respectively) 596,021 562,036
Accounts receivable 718,207 952,552
Inventories 1,865,831 2,213,797
Prepaid and other current assets 55,069 51,799
Total current assets 3,235,128 3,780,184
Property, plant and equipment, net (PBFX: $862,117 and $684,488, respectively) 3,820,892 3,479,213
Deferred charges and other assets, net 897,016 779,588
Total assets [2] 7,953,036 8,038,985
Current liabilities:    
Accounts payable 488,432 578,551
Accrued expenses 1,642,790 1,824,394
Deferred revenue 20,086 8,933
Note payable 0 5,621
Current debt 2,378 10,987
Total current liabilities 2,153,686 2,428,486
Long-term debt (PBFX: $673,324 and $548,793, respectively) 1,931,316 2,175,042
Affiliate note payable 326,082 292,844
Deferred tax liabilities 40,365 33,155
Other long-term liabilities 277,228 225,845
Total liabilities 4,728,677 5,155,372
Commitments and contingencies (Note 13)
Temporary Equity    
Temporary Equity, Carrying Amount, Attributable to Parent 5,110 5,110
Members' Equity    
Treasury Stock, Value (160,800) (152,585)
Retained earnings 914,285 906,875
Accumulated other comprehensive loss (23,953) (26,936)
Total PBF Energy Company LLC equity 2,759,482 2,422,411
Noncontrolling interest 459,767 456,092
Total equity 3,219,249 2,878,503
Total liabilities and equity 7,953,036 8,038,985
PBF LLC [Member] | Series A Units [Member]    
Members' Equity    
Series A Units, 1,206,325 and 3,767,464 issued and outstanding at December 31, 2018 and 2017, no par or stated value 20,162 40,058
PBF LLC [Member] | Series C Units [Member]    
Members' Equity    
Series A Units, 1,206,325 and 3,767,464 issued and outstanding at December 31, 2018 and 2017, no par or stated value $ 2,009,788 $ 1,654,999
[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.