PBF Logistics LP (PBFX) financial statements (2023 and earlier)

Company profile

Business Address ONE SYLVAN WAY, SECOND FLOOR
PARSIPPANY, NJ 07054
State of Incorp. DE
Fiscal Year End December 31
SIC 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,90436,28434,96619,90819,664104,24518,678
Cash and cash equivalents33,90436,28434,96619,90819,66464,22118,678
Short-term investments     40,024 
Receivables67,27364,60255,40744,56342,24042,15723,949
Other undisclosed current assets3,4762,5903,8284,5981,7931,657469
Total current assets:104,653103,47694,20169,06963,697148,05943,096
Noncurrent Assets
Property, plant and equipment787,338820,174854,610862,117673,823600,071145,548
Long-term investments and receivables      234,258
Long-term investments      234,258
Intangible assets, net (including goodwill)6,3326,3326,3326,332   
Goodwill6,3326,3326,3326,332   
Other noncurrent assets2,9743,57017,85918,83530  
Total noncurrent assets:796,644830,076878,801887,284673,853600,071379,806
TOTAL ASSETS:901,297933,552973,002956,353737,550748,130422,902
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:22,20636,82627,83950,97219,79418,3715,504
Accounts payable5,3944,60210,224    
Accrued liabilities16,81232,224     
Other undisclosed accounts payable and accrued liabilities  17,61550,97219,79418,3715,504
Deferred revenue2,3722,117 
Debt     39,664 
Due to related parties4,0964,9406,45412,0478,3527,6313,438
Deferred revenue and credits2,9601,438952 
Other undisclosed current liabilities  13,413    
Total current liabilities:28,67443,88347,70665,97929,58466,6188,942
Noncurrent Liabilities
Long-term debt and lease obligation622,544720,845802,104673,324548,793532,011599,635
Long-term debt, excluding current maturities622,544720,845802,104673,324548,793532,011599,635
Liabilities, other than long-term debt, including:1,3831,60718,10923,8602,0783,161 
Deferred revenue and credits 952 
Other undisclosed liabilities, other than long-term debt1,3831,60718,10923,8602,0782,209 
Total noncurrent liabilities:623,927722,452820,213697,184550,871535,172599,635
Total liabilities:652,601766,335867,919763,163580,455601,790608,577
Stockholders' equity
Other undisclosed stockholders' equity248,696167,217105,083193,190157,095146,340(185,675)
Total stockholders' equity:248,696167,217105,083193,190157,095146,340(185,675)
TOTAL LIABILITIES AND EQUITY:901,297933,552973,002956,353737,550748,130422,902

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues355,535360,255340,212283,440254,81311,887142,102
Revenue, net283,440254,813187,335142,102
Revenue from related parties304,100289,406300,877 
Cost of revenue(144,231)(139,169)(156,425)(114,133)(89,781)(58,318)(31,837)
Cost of goods and services sold(103,438)(99,852)(118,614)(88,390)(66,483)(44,162)(25,255)
Gross profit:211,304221,086183,787169,307165,032(46,431)110,265
Operating expenses(15,940)(25,748)(24,515)(25,437)(16,817)(16,962)(13,889)
Other undisclosed operating income     175,448 
Operating income:195,364195,338159,272143,870148,215112,05596,376
Income before gain (loss) on sale of properties:195,364195,338159,272143,870148,215112,05596,376
Other undisclosed net loss(42,077)(47,906)(51,103)(40,590)(33,213)  
Net income:153,287147,432108,169103,280115,002112,05596,376
Other undisclosed net loss attributable to parent   (2,443)(150)(30,433)(21,254)
Net income available to common stockholders, diluted:153,287147,432108,169100,837114,85281,62275,122

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:153,287147,432108,169103,280115,002112,05596,376
Comprehensive income, net of tax, attributable to parent:153,287147,432108,169103,280115,002112,05596,376

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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