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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenues $ 27,186,093 $ 21,786,637 $ 15,920,424
Cost and expenses:      
Cost of products and other 24,503,393 18,863,621 13,598,341
Operating expenses (excluding depreciation and amortization expense as reflected below) 1,720,959 1,684,435 1,422,751
Depreciation and amortization expense 359,126 277,992 216,341
Cost of sales 26,583,478 20,826,048 15,237,433
General and administrative expenses (excluding depreciation and amortization expense as reflected below) 276,955 214,547 166,319
Depreciation and amortization expense 10,634 12,964 5,835
(Gain) loss on sale of assets (43,094) 1,458 11,374
Total cost and expenses 26,827,973 21,055,017 15,420,961
Income from operations 358,120 731,620 [1] 499,463
Other income (expense):      
Change in Tax Receivable Agreement liability 13,893 250,922 12,908
Change in fair value of catalyst leases 5,587 (2,247) 1,422
Debt extinguishment costs 0 (25,451) 0
Interest expense, net (169,911) (154,427) (150,045)
Other non-service component of net periodic benefit costs 1,109 (1,402) (580)
Income before income taxes 208,798 799,015 363,168
Income tax expense 33,507 315,584 137,650
Net income 175,291 483,431 225,518
Less: net income attributable to noncontrolling interests 46,976 67,914 54,707
Net income attributable to PBF Energy Inc. stockholders $ 128,315 $ 415,517 $ 170,811
Weighted-average shares of Class A common stock outstanding      
Basic (in shares) [2] 115,190,262 109,779,407 98,334,302
Diluted (in shares) 118,773,606 113,898,845 103,606,709
Net income available to Class A common stock per share:      
Basic (in usd per share) $ 1.11 $ 3.78 $ 1.74
Diluted (in usd per share) $ 1.10 $ 3.73 $ 1.74
[1] (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.
[2] The net income attributable to PBF Energy, used in the numerator of the diluted earnings per share calculation is adjusted to reflect the net income, as well as the corresponding income tax (based on a 26.0%, 39.6% and 39.1% annualized statutory corporate tax rate for the years ended December 31, 2018, 2017 and 2016) attributable to the converted units.