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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | A summary of the fair value of the assets acquired and liabilities assumed is as follows (in thousands):
Cash | $ | 16,146 |
Accounts receivable | 34,954 |
Inventories | 98,367 |
Prepaid and other assets | 5,320 |
Property, plant, and equipment | 412,766 |
Operating lease right-of-use assets | 62,337 |
Goodwill (1) | 42,522 |
Total assets (2) | 672,412 |
Obligations under inventory financing agreements | (116,873) |
Accounts payable | (55,357) |
Current operating lease liabilities | (21,571) |
Other current liabilities | (18,411) |
Long-term operating lease liabilities | (40,766) |
Deferred tax liability | (92,103) |
Other non-current liabilities | (804) |
Total liabilities | (345,885) |
Total | $ | 326,527 |
______________________________________________ (1)We allocated $24.7 million and $17.8 million of goodwill to our refining and logistics segments, respectively. (2)We allocated $403.9 million and $268.5 million of total assets to our refining and logistics segments, respectively.
Business Acquisition, Pro Forma Information | The following unaudited pro forma financial information presents our consolidated revenues and net income (loss) as if the Washington Acquisition had been completed on January 1, 2018 (in thousands except per share information):
|  |  |  | Year Ended December 31,
|  |  |  |  |  | 2019 |  | 2018
Revenues |  |  |  |  |  | $ | 5,429,530 |  |  | $ | 4,709,850 |
Net income (loss) |  |  |  |  |  | (4,547) |  |  | 88,174 |
Income (loss) per share |  |  |  |  |  |  |  |
Basic |  |  |  |  |  | $ | (0.09) |  |  | $ | 1.81 |
Diluted |  |  |  |  |  | $ | (0.09) |  |  | $ | 1.79 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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