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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net income (loss) $ (540.2) $ 2,162.0 $ 2,972.8
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 643.0 591.6 533.9
Stock-based compensation 44.3 51.5 54.3
Change in fair value of catalyst obligations 0.0 (1.1) 2.0
Deferred income taxes (239.2) 537.0 420.2
Change in Tax Receivable Agreement liability 0.0 (2.0) 290.3
Non-cash change in inventory repurchase obligations 0.0 0.0 (5.4)
Change in fair value of contingent consideration, net (3.3) (45.8) 48.3
Loss on extinguishment of debt 0.0 5.7 66.1
Pension and other post-retirement benefit costs 51.9 47.9 47.6
Loss from equity method investment 47.4 45.3 0.0
Loss (gain) on formation of SBR equity method investment 8.7 (925.1) 0.0
Loss (gain) on sale of assets 0.4 (1.3) 0.9
Changes in operating assets and liabilities:      
Accounts receivable 197.5 93.8 (178.8)
Inventories 587.9 (409.0) (258.5)
Prepaid and other current assets 19.9 (102.0) (5.4)
Accounts payable (196.7) 124.7 (95.7)
Accrued expenses (475.9) (743.5) 881.0
Deferred revenue (20.3) 23.5 (2.1)
Payment related to Tax Receivable Agreement (44.8) 0.0 0.0
Other assets and liabilities (37.2) (114.7) 0.5
Net cash provided by operating activities 43.4 1,338.5 4,772.0
Cash flows from investing activities:      
Expenditures for property, plant and equipment (390.9) (659.6) (633.3)
Expenditures for deferred turnaround costs (576.7) (473.5) (311.6)
Expenditures for other assets (40.7) (40.5) (66.0)
Equity method investment - contribution (35.0) (15.4) 0.0
Equity method investment - return of capital 1.8 846.0 0.0
Proceeds from sale of assets 0.0 4.4 0.0
Net cash used in investing activities (1,041.5) (338.6) (1,010.9)
Cash flows from financing activities:      
PBFX Merger Transaction payment 0.0 0.0 (303.7)
Dividend payments (119.0) (105.8) (24.7)
Distributions to PBFX Public Unitholders 0.0 0.0 (40.3)
Payments of capital distribution (1.6) (5.3) (8.6)
Settlements of precious metal catalyst obligations 0.0 (3.1) (56.2)
Payments on financing leases (12.2) (14.1) (11.3)
Proceeds from insurance premium financing 123.2 13.0 2.1
Payments of insurance premium financing (111.9) 0.0 0.0
Transactions in connection with stock-based compensation plans, net 1.4 38.3 67.8
Payments of contingent consideration 0.0 (80.1) (3.1)
Share repurchases of PBF Energy’s Class A common stock (329.1) (532.5) (156.4)
Deferred financing costs and other (0.1) (35.8) (31.3)
Net cash used in financing activities (249.3) (1,420.0) (2,899.0)
Net change in cash and cash equivalents (1,247.4) (420.1) 862.1
Cash and cash equivalents, beginning of period 1,783.5 2,203.6 1,341.5
Cash and cash equivalents, end of period 536.1 1,783.5 2,203.6
Non-cash activities:      
Accrued and unpaid capital expenditures 85.5 145.0 166.1
Assets acquired or remeasured under operating and financing leases 288.6 271.6 54.7
Contribution of assets to SBR equity method investment (8.7) (748.3) 0.0
Settlement of affiliate note payable to fund investment in SBR working capital 0.0 (74.9) 0.0
Cash paid during the year for:      
Interest, net of capitalized interest of $18.6, $38.2 and $25.0 in 2024, 2023 and 2022, respectively 93.1 103.6 249.7
Income taxes 17.7 299.0 148.9
2030 Senior Notes      
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 0.0 496.6 0.0
2028 Senior Notes      
Cash flows from financing activities:      
Repayments of long-term debt 0.0 0.0 (21.1)
2025 Senior Notes Redeemed      
Cash flows from financing activities:      
Repayments of long-term debt 0.0 (666.2) 0.0
2025 Senior Notes Repurchased      
Cash flows from financing activities:      
Repayments of long-term debt 0.0 0.0 (4.8)
2025 Senior Secured Notes      
Cash flows from financing activities:      
Repayments of long-term debt 0.0 0.0 (1,307.4)
PBF Energy Revolving Credit Facility      
Cash flows from financing activities:      
Proceeds from revolver borrowings 200.0 0.0 400.0
Repayments of revolver borrowings 0.0 0.0 (1,300.0)
PBFX Revolving Credit Facility      
Cash flows from financing activities:      
Repayments of revolver borrowings 0.0 0.0 (100.0)
PBFX 2023 Senior Notes      
Cash flows from financing activities:      
Repayments of short-term debt $ 0.0 $ (525.0) $ 0.0