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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net income (loss) $ (1,333.3) $ 375.2 $ 175.3
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation and amortization 581.1 447.5 378.6
Impairment expense 98.8 0.0 0.0
Stock-based compensation 34.2 37.3 26.0
Change in fair value of catalyst obligations 11.8 9.7 (5.6)
Deferred income taxes 1.6 103.7 32.7
Change in Tax Receivable Agreement liability (373.5) 0.0 (13.9)
Non-cash change in inventory repurchase obligations (12.6) 25.4 (31.8)
Non-cash lower of cost or market inventory adjustment 268.0 (250.2) 351.3
Change in contingent consideration (93.7) (0.8) 0.0
Debt extinguishment costs 22.2 0.0 0.0
Pension and other post-retirement benefit costs 55.7 44.8 47.4
Gain on sale of assets (477.8) (29.9) (43.1)
Changes in operating assets and liabilities:      
Accounts receivable 322.1 (116.1) 234.3
Inventories 392.2 (6.3) (3.3)
Prepaid and other current assets (1.8) 2.7 10.1
Accounts payable (206.6) 137.5 (111.6)
Accrued expenses 116.0 208.1 (227.1)
Deferred revenue 27.1 0.1 11.2
Other assets and liabilities (63.1) (55.2) 7.5
Net cash (used in) provided by operating activities (631.6) 933.5 838.0
Cash flows from investing activities:      
Expenditures for property, plant and equipment (196.2) (404.9) (317.5)
Expenditures for deferred turnaround costs (188.1) (299.3) (266.0)
Expenditures for other assets (9.1) (44.7) (17.0)
Proceeds from sale of assets 543.1 36.3 48.3
Net cash used in investing activities (1,026.5) (712.6) (685.6)
Cash flows from financing activities:      
Net proceeds from issuance of PBF Energy Class A common stock 0.0 0.0 287.3
Net proceeds from issuance of PBFX common units 0.0 132.5 34.9
Dividend payments (35.9) (143.5) (139.0)
Distributions to PBFX public unitholders (45.9) (62.5) (48.2)
Distributions to PBF Energy Company LLC members other than PBF Energy (0.4) (3.2) (2.1)
Proceeds from Lines of Credit 1,450.0 1,350.0 0.0
Repayments of Lines of Credit (550.0) (1,350.0) (350.0)
Repayments of note payable 0.0 0.0 (5.6)
Deferred payment for the East Coast Storage Assets Acquisition 0.0 (32.0) 0.0
Settlements of catalyst obligations (8.8) (6.5) (9.1)
Proceeds from catalyst financing arrangements 51.9 0.0 0.0
Payments on financing leases (12.4) 0.0 0.0
Taxes paid for net settlement of equity-based compensation (2.1) (4.8) (5.4)
Proceeds from stock options exercised 0.0 0.0 14.0
Purchases of treasury stock (1.6) (4.9) (8.2)
Deferred financing costs and other (35.0) 1.6 (16.2)
Net cash provided by (used in) financing activities 2,452.7 (3.3) (128.1)
Net increase in cash and cash equivalents 794.6 217.6 24.3
Cash and equivalents, beginning of period 814.9 597.3 573.0
Cash and equivalents, end of period 1,609.5 814.9 597.3
Non-cash activities:      
Accrued and unpaid capital expenditures 32.1 37.2 90.2
Assets acquired under operating and financing leases 702.0 434.9 0.0
Cash paid during year for:      
Interest, net of capitalized interest of $12.6, $18.1 and $9.5 in 2020, 2019 and 2018, respectively 206.9 154.0 164.4
Capitalized interest 12.6 18.1 9.5
Income taxes 2.1 2.7 0.7
PBFX Revolving Credit Facility [Member]      
Cash flows from financing activities:      
Proceeds from Lines of Credit 100.0 228.0 170.0
Repayments of Lines of Credit (183.0) (101.0) (43.7)
2023 Senior Notes [Member]      
Cash flows from financing activities:      
Repayments of Long-term Debt (517.5) 0.0 0.0
Rail Term Loan [Member]      
Cash flows from financing activities:      
Repayments of Long-term Debt (7.2) (7.0) (6.8)
2025 Senior Secured Notes [Member]      
Cash flows from financing activities:      
Proceeds from Issuance of Long-term Debt 1,250.6 0.0 0.0
2028 Senior Notes [Member]      
Cash flows from financing activities:      
Proceeds from Issuance of Long-term Debt 1,000.0 0.0 0.0
Martinez Acquisition      
Cash flows from investing activities:      
Payments to Acquire Businesses, Gross (1,176.2) 0.0 0.0
Non-cash activities:      
Fair value of the Martinez Contingent Consideration at acquisition 77.3 0.0 0.0
Knoxville Terminals Purchase [Member]      
Cash flows from investing activities:      
Payments to Acquire Businesses, Gross 0.0 0.0 (58.4)
East Coast Storage Assets Acquisition [Member]      
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Change in contingent consideration 16.4    
Cash flows from investing activities:      
Payments to Acquire Businesses, Gross 0.0 0.0 (75.0)
Non-cash activities:      
Deferred payment for PBFX East Coast Storage Assets Acquisition 0.0 0.0 30.9
East Coast Storage Assets Contingent Consideration at acquisition $ 0.0 $ 0.0 $ 21.1