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Consolidated Statements of Cash Flows PBF LLC STATEMENT OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net Cash Provided by (Used in) Operating Activities [Abstract]      
Net income (loss) $ (1,333.3) $ 375.2 $ 175.3
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
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 fair value of 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:      
Proceeds from Issuance of Common Stock 0.0 0.0 287.3
Dividend payments (35.9) (143.5) (139.0)
Distributions to PBFX public unitholders (45.9) (62.5) (48.2)
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
PBF LLC [Member]      
Net Cash Provided by (Used in) Operating Activities [Abstract]      
Net income (loss) (1,720.3) 480.0 180.1
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
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 7.3 (8.8) 7.2
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 fair value of 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 321.0 (115.1) 234.3
Inventories 392.2 (6.3) (3.3)
Prepaid and other current assets (1.8) 2.2 (1.1)
Accounts payable (206.6) 137.5 (111.6)
Accrued expenses 124.9 219.5 (226.3)
Deferred revenue 27.1 0.1 11.2
Other assets and liabilities (63.7) (56.0) 7.4
Net cash (used in) provided by operating activities (632.2) 936.9 820.7
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:      
Proceeds from Issuance of Common Stock 0.0 0.0 287.3
Dividend payments (36.3) (146.7) (141.1)
Distributions to PBFX public unitholders (45.9) (62.5) (48.2)
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)
Affiliate note payable with PBF Energy Inc. (0.1) (3.1) 44.1
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) (8.7)
Proceeds from stock options exercised 0.0 0.0 0.2
Purchases of treasury stock (1.6) (4.9) (8.2)
Deferred financing costs and other (35.3) 1.4 (16.2)
Net cash provided by (used in) financing activities 2,452.3 (6.6) (101.1)
Net increase in cash and cash equivalents 793.6 217.7 34.0
Cash and equivalents, beginning of period 813.7 596.0 562.0
Cash and equivalents, end of period 1,607.3 813.7 596.0
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 1.0 1.2 0.6
PBF Logistics LP [Member]      
Cash flows from financing activities:      
Proceeds from Issuance of Common Stock 0.0 132.5 34.9
Knoxville Terminals Purchase [Member]      
Cash flows from investing activities:      
Payments to Acquire Businesses, Gross 0.0 0.0 (58.4)
Knoxville Terminals Purchase [Member] | PBF LLC [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 Cash Provided by (Used in) Operating Activities [Abstract]      
Change in fair value of contingent consideration 16.4    
Cash flows from investing activities:      
Payments to Acquire Businesses, Gross 0.0 0.0 (75.0)
Non-cash activities:      
Other Payments to Acquire Businesses 0.0 0.0 (30.9)
East Coast Storage Assets Acquisition contingent consideration 0.0 0.0 21.1
East Coast Storage Assets Acquisition [Member] | PBF LLC [Member]      
Cash flows from investing activities:      
Payments to Acquire Businesses, Gross 0.0 0.0 (75.0)
Non-cash activities:      
Other Payments to Acquire Businesses 0.0 0.0 (30.9)
East Coast Storage Assets Acquisition contingent consideration 0.0 0.0 21.1
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
Martinez Acquisition | PBF LLC [Member]      
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
Rail Term Loan [Member]      
Cash flows from financing activities:      
Repayments of Long-term Debt (7.2) (7.0) (6.8)
Rail Term Loan [Member] | PBF LLC [Member]      
Cash flows from financing activities:      
Repayments of Long-term Debt (7.2) (7.0) (6.8)
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)
PBFX Revolving Credit Facility [Member] | PBF LLC [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)
2025 Senior Secured Notes [Member]      
Cash flows from financing activities:      
Proceeds from Issuance of Long-term Debt 1,250.6 0.0 0.0
2025 Senior Secured Notes [Member] | PBF LLC [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
2028 Senior Notes [Member] | PBF LLC [Member]      
Cash flows from financing activities:      
Proceeds from Issuance of Long-term Debt 1,000.0 0.0 0.0
2023 Senior Notes [Member]      
Cash flows from financing activities:      
Repayments of Long-term Debt (517.5) 0.0 0.0
2023 Senior Notes [Member] | PBF LLC [Member]      
Cash flows from financing activities:      
Repayments of Long-term Debt $ (517.5) $ 0.0 $ 0.0