

PBF Energy	Year Ended December 31, 2018
	Refining		Logistics		Corporate			Eliminations			Consolidated Total
Revenues	$	27,162,079	$	283,440	$	—		$	(259,426	)	$	27,186,093
Depreciation and amortization expense	329,317		29,809		10,634			—			369,760
Income (loss) from operations ⁽¹⁾	498,287		143,870		(266,218		)	(17,819		)	358,120
Interest expense, net	7,601		43,033		119,277			—			169,911
Capital expenditures ⁽²⁾	552,020		175,696		6,171			—			733,887



	Year Ended December 31, 2017
	Refining		Logistics		Corporate			Eliminations			Consolidated Total
Revenues	$	21,769,703	$	257,588	$	—		$	(240,654	)	$	21,786,637
Depreciation and amortization expense	253,588		24,404		12,964			—			290,956
Income (loss) from operations ⁽¹⁾	814,033		143,379		(211,227		)	(14,565		)	731,620
Interest expense, net	4,695		33,363		116,369			—			154,427
Capital expenditures ⁽³⁾	633,294		90,258		3,483			—			727,035



	Year Ended December 31, 2016
	Refining		Logistics		Corporate			Eliminations			Consolidated Total
Revenues	$	15,906,866	$	189,006	$	—		$	(175,448	)	$	15,920,424
Depreciation and amortization expense	200,935		15,406		5,835			—			222,176
Income (loss) from operations	557,839		105,240		(157,937		)	(5,679		)	499,463
Interest expense, net	2,938		30,433		116,674			—			150,045
Capital expenditures ⁽⁴⁾	1,468,696		123,946		20,229			—			1,612,871



	Balance at December 31, 2018
	Refining		Logistics		Corporate		Eliminations			Consolidated Total
Total assets ⁽⁵⁾	$	6,988,059	$	956,353	$	98,055	$	(37,052	)	$	8,005,415



	Balance at December 31, 2017
	Refining		Logistics		Corporate		Eliminations			Consolidated Total
Total assets ⁽⁵⁾	$	7,287,384	$	748,215	$	123,211	$	(40,817	)	$	8,117,993



PBF LLC	Year Ended December 31, 2018
	Refining		Logistics		Corporate			Eliminations			Consolidated Total
Revenues	$	27,162,079	$	283,440	$	—		$	(259,426	)	$	27,186,093
Depreciation and amortization expense	329,317		29,809		10,634			—			369,760
Income (loss) from operations ⁽¹⁾	498,287		143,870		(264,468		)	(17,819		)	359,870
Interest expense, net	7,601		43,033		127,787			—			178,421
Capital expenditures ⁽²⁾	552,020		175,696		6,171			—			733,887



	Year Ended December 31, 2017
	Refining		Logistics		Corporate			Eliminations			Consolidated Total
Revenues	$	21,769,703	$	257,588	$	—		$	(240,654	)	$	21,786,637
Depreciation and amortization expense	253,588		24,404		12,964			—			290,956
Income (loss) from operations ⁽¹⁾	814,033		143,379		(210,902		)	(14,565		)	731,945
Interest expense, net	4,695		33,363		124,325			—			162,383
Capital expenditures ⁽³⁾	633,294		90,258		3,483			—			727,035



	Year Ended December 31, 2016
	Refining		Logistics		Corporate			Eliminations			Consolidated Total
Revenues	$	15,906,866	$	189,006	$	—		$	(175,448	)	$	15,920,424
Depreciation and amortization expense	200,935		15,406		5,835			—			222,176
Income (loss) from operations	557,839		105,240		(157,737		)	(5,679		)	499,663
Interest expense, net	2,938		30,433		122,448			—			155,819
Capital expenditures ⁽⁴⁾	1,468,696		123,946		20,229			—			1,612,871



	Balance at December 31, 2018
	Refining		Logistics		Corporate		Eliminations			Consolidated Total
Total assets ⁽⁵⁾	$	6,988,059	$	956,353	$	45,676	$	(37,052	)	$	7,953,036



	Balance at December 31, 2017
	Refining		Logistics		Corporate		Eliminations			Consolidated Total
Total assets ⁽⁵⁾	$	7,287,384	$	748,215	$	44,203	$	(40,817	)	$	8,038,985

(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 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.


(3)	The Logistics segment includes capital expenditures of $10,097 for the PBFX acquisition of the Toledo Products Terminal on April 17, 2017.

(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.

(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.