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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Preliminary Fair Value of Assets Acquired and Liabilities Assumed | A summary of the fair value of the assets acquired and liabilities assumed is as follows (in thousands):
Trade accounts receivable | $ | 2,387 |
Inventories | 299,176 |
Property, plant, and equipment | 259,088 |
Operating lease right-of-use assets | 3,562 |
Investment in refining and logistics subsidiaries | 86,600 |
Other long-term assets | 4,094 |
Total assets (1) | 654,907 |
Current operating lease liabilities | 2,081 |
Other current liabilities | 7,056 |
Environmental liabilities | 18,869 |
Long-term operating lease liabilities | 1,481 |
Total liabilities | 29,487 |
Total | $ | 625,420 |
_______________________________________________________ (1)We allocated $538.7 million and $116.2 million of total assets to our refining and logistics segments, respectively.
Schedule of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information presents our consolidated revenues and net income as if the Billings Acquisition had been completed on January 1, 2022 (in thousands):
|  |  |  |  | Nine Months Ended
|  |  |  |  | September 30, 2023
Revenues |  |  |  |  | $ | 6,989,310 |
Net income |  |  |  |  | 592,970 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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