XML 76 R56.htm IDEA: XBRL DOCUMENT
v3.22.0.1

SEGMENT INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information, by Segment |
| Year Ended December 31, 2021
PBF Energy (in millions) | Refining |  | Logistics |  | Corporate |  | Eliminations |  | Consolidated Total
Revenues | $ | 27,202.0 |  |  | $ | 355.5 |  |  | $ | — |  |  | $ | (304.1) |  |  | $ | 27,253.4 |
Depreciation and amortization expense | 415.7 |  |  | 37.8 |  |  | 13.3 |  |  | — |  |  | 466.8 |
Income (loss) from operations | 673.1 |  |  | 195.4 |  |  | (271.3) |  |  | — |  |  | 597.2 |
Interest expense, net | 8.8 |  |  | 42.1 |  |  | 266.6 |  |  | — |  |  | 317.5 |
Capital expenditures | 381.8 |  |  | 8.6 |  |  | 5.3 |  |  | — |  |  | 395.7 |
| Year Ended December 31, 2020
| Refining |  | Logistics |  | Corporate |  | Eliminations |  | Consolidated Total
Revenues | $ | 15,045.0 |  |  | $ | 360.3 |  |  | $ | — |  |  | $ | (289.4) |  |  | $ | 15,115.9 |
Depreciation and amortization expense | 498.0 |  |  | 53.7 |  |  | 11.3 |  |  | — |  |  | 563.0 |
Income (loss) from operations | (1,450.4) |  |  | 195.3 |  |  | (161.7) |  |  | — |  |  | (1,416.8) |
Interest expense, net | 1.7 |  |  | 47.9 |  |  | 208.6 |  |  | — |  |  | 258.2 |
Capital expenditures (1) | 1,546.6 |  |  | 12.3 |  |  | 10.7 |  |  | — |  |  | 1,569.6 |
| Year Ended December 31, 2019
| Refining |  | Logistics |  | Corporate |  | Eliminations |  | Consolidated Total
Revenues | $ | 24,468.9 |  |  | $ | 340.2 |  |  | $ | — |  |  | $ | (300.9) |  |  | $ | 24,508.2 |
Depreciation and amortization expense | 386.7 |  |  | 38.6 |  |  | 10.8 |  |  | — |  |  | 436.1 |
Income (loss) from operations (2) (3) | 767.9 |  |  | 159.3 |  |  | (270.3) |  |  | (7.9) |  |  | 649.0 |
Interest expense, net | 1.3 |  |  | 51.1 |  |  | 107.2 |  |  | — |  |  | 159.6 |
Capital expenditures | 708.9 |  |  | 31.7 |  |  | 8.3 |  |  | — |  |  | 748.9 |
| Balance at December 31, 2021
| Refining |  | Logistics |  | Corporate |  | Eliminations |  | Consolidated Total
Total assets | $ | 10,753.3 |  |  | $ | 901.3 |  |  | $ | 48.5 |  |  | $ | (61.7) |  |  | $ | 11,641.4 |
| Balance at December 31, 2020
| Refining |  | Logistics |  | Corporate |  | Eliminations |  | Consolidated Total
Total assets | $ | 9,565.0 |  |  | $ | 933.6 |  |  | $ | 54.4 |  |  | $ | (53.2) |  |  | $ | 10,499.8 |
| Year Ended December 31, 2021
PBF LLC (in millions) | Refining |  | Logistics |  | Corporate |  | Eliminations |  | Consolidated Total
Revenues | $ | 27,202.0 |  |  | $ | 355.5 |  |  | $ | — |  |  | $ | (304.1) |  |  | $ | 27,253.4 |
Depreciation and amortization expense | 415.7 |  |  | 37.8 |  |  | 13.3 |  |  | — |  |  | 466.8 |
Income (loss) from operations | 673.1 |  |  | 195.4 |  |  | (269.2) |  |  | — |  |  | 599.3 |
Interest expense, net | 8.8 |  |  | 42.1 |  |  | 276.9 |  |  | — |  |  | 327.8 |
Capital expenditures | 381.8 |  |  | 8.6 |  |  | 5.3 |  |  | — |  |  | 395.7 |
| Year Ended December 31, 2020
| Refining |  | Logistics |  | Corporate |  | Eliminations |  | Consolidated Total
Revenues | $ | 15,045.0 |  |  | $ | 360.3 |  |  | $ | — |  |  | $ | (289.4) |  |  | $ | 15,115.9 |
Depreciation and amortization expense | 498.0 |  |  | 53.7 |  |  | 11.3 |  |  | — |  |  | 563.0 |
Income (loss) from operations | (1,450.4) |  |  | 195.3 |  |  | (160.9) |  |  | — |  |  | (1,416.0) |
Interest expense, net | 1.7 |  |  | 47.9 |  |  | 218.9 |  |  | — |  |  | 268.5 |
Capital expenditures (1) | 1,546.6 |  |  | 12.3 |  |  | 10.7 |  |  | — |  |  | 1,569.6 |
| Year Ended December 31, 2019
| Refining |  | Logistics |  | Corporate |  | Eliminations |  | Consolidated Total
Revenues | $ | 24,468.9 |  |  | $ | 340.2 |  |  | $ | — |  |  | $ | (300.9) |  |  | $ | 24,508.2 |
Depreciation and amortization expense | 386.7 |  |  | 38.6 |  |  | 10.8 |  |  | — |  |  | 436.1 |
Income (loss) from operations (2) (3) | 767.9 |  |  | 159.3 |  |  | (268.6) |  |  | (7.9) |  |  | 650.7 |
Interest expense, net | 1.3 |  |  | 51.1 |  |  | 116.7 |  |  | — |  |  | 169.1 |
Capital expenditures | 708.9 |  |  | 31.7 |  |  | 8.3 |  |  | — |  |  | 748.9 |
| Balance at December 31, 2021
| Refining |  | Logistics |  | Corporate |  | Eliminations |  | Consolidated Total
Total assets | $ | 10,753.3 |  |  | $ | 901.3 |  |  | $ | 46.8 |  |  | $ | (61.7) |  |  | $ | 11,639.7 |
| Balance at December 31, 2020
| Refining |  | Logistics |  | Corporate |  | Eliminations |  | Consolidated Total
Total assets | $ | 9,565.0 |  |  | $ | 933.6 |  |  | $ | 52.3 |  |  | $ | (53.2) |  |  | $ | 10,497.7 |
(1) The Refining segment includes capital expenditures of $1,176.2 million for the acquisition of the Martinez refinery in the first quarter of 2020. (2) On April 24, 2019, PBFX entered into a contribution agreement with PBF LLC (“the TVPC Contribution Agreement”), pursuant to which PBF LLC contributed to PBFX all of the issued and outstanding limited liability company interests of TVP Holding Company LLC (“TVP Holding”) for total consideration of $200.0 million (the “TVPC Acquisition”). Prior to the TVPC Acquisition, TVP Holding owned a 50% membership interest in Torrance Valley Pipeline Company LLC (“TVPC”). Subsequent to the closing of the TVPC Acquisition on May 31, 2019, PBFX owns 100% of the membership interests in TVPC. (3) Prior to the TVPC Contribution Agreement, the Logistics segment included 100% of the income from operations of TVPC, as TVPC was consolidated by PBFX. PBFX recorded net income attributable to noncontrolling interest for the 50% equity interest in TVPC held by PBF Holding. PBF Holding (included in the Refining segment) recorded equity income in investee related to its 50% noncontrolling ownership interest in TVPC. For 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.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration