PBF Logistics LP (PBFX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
ONE SYLVAN WAY, SECOND FLOOR PARSIPPANY, NJ 07054 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 33,904 | 36,284 | 34,966 | 19,908 | 19,664 | 104,245 | |||
| Cash and cash equivalents | 33,904 | 36,284 | 34,966 | 19,908 | 19,664 | 64,221 | |||
| Short-term investments | 40,024 | ||||||||
| Receivables | 67,273 | 64,602 | 55,407 | 44,563 | 42,240 | 42,157 | |||
| Other undisclosed current assets | 3,476 | 2,590 | 3,828 | 4,598 | 1,793 | 1,657 | |||
| Total current assets: | 104,653 | 103,476 | 94,201 | 69,069 | 63,697 | 148,059 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 787,338 | 820,174 | 854,610 | 862,117 | 673,823 | 600,071 | |||
| Intangible assets, net (including goodwill) | 6,332 | 6,332 | 6,332 | 6,332 | |||||
| Goodwill | 6,332 | 6,332 | 6,332 | 6,332 | |||||
| Other noncurrent assets | 2,974 | 3,570 | 17,859 | 18,835 | 30 | ||||
| Total noncurrent assets: | 796,644 | 830,076 | 878,801 | 887,284 | 673,853 | 600,071 | |||
| TOTAL ASSETS: | 901,297 | 933,552 | 973,002 | 956,353 | 737,550 | 748,130 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 22,206 | 36,826 | 27,839 | 50,972 | 19,794 | 18,371 | |||
| Accounts payable | 5,394 | 4,602 | 10,224 | ||||||
| Accrued liabilities | 16,812 | 32,224 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 17,615 | 50,972 | 19,794 | 18,371 | |||||
| Deferred revenue | 2,372 | 2,117 | ✕ | ✕ | ✕ | ||||
| Debt | 39,664 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2,960 | 1,438 | 952 | ||
| Due to related parties | 4,096 | 4,940 | 6,454 | 12,047 | 8,352 | 7,631 | |||
| Other undisclosed current liabilities | 13,413 | ||||||||
| Total current liabilities: | 28,674 | 43,883 | 47,706 | 65,979 | 29,584 | 66,618 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 622,544 | 720,845 | 802,104 | 673,324 | 548,793 | 532,011 | |||
| Long-term debt, excluding current maturities | 622,544 | 720,845 | 802,104 | 673,324 | 548,793 | 532,011 | |||
| Liabilities, other than long-term debt, including: | 1,383 | 1,607 | 18,109 | 23,860 | 2,078 | 3,161 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 952 | |||
| Other undisclosed liabilities, other than long-term debt | 1,383 | 1,607 | 18,109 | 23,860 | 2,078 | 2,209 | |||
| Total noncurrent liabilities: | 623,927 | 722,452 | 820,213 | 697,184 | 550,871 | 535,172 | |||
| Total liabilities: | 652,601 | 766,335 | 867,919 | 763,163 | 580,455 | 601,790 | |||
| Equity | |||||||||
| Other undisclosed equity | 248,696 | 167,217 | 105,083 | 193,190 | 157,095 | 146,340 | |||
| Total equity: | 248,696 | 167,217 | 105,083 | 193,190 | 157,095 | 146,340 | |||
| TOTAL LIABILITIES AND EQUITY: | 901,297 | 933,552 | 973,002 | 956,353 | 737,550 | 748,130 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 355,535 | 360,255 | 340,212 | 283,440 | 254,813 | 11,887 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 283,440 | 254,813 | 187,335 | |
| Revenue from related parties | 304,100 | 289,406 | 300,877 | ✕ | ✕ | |||
| Cost of revenue | (144,231) | (139,169) | (156,425) | (114,133) | (89,781) | (58,318) | ||
| Cost of goods and services sold | (103,438) | (99,852) | (118,614) | (88,390) | (66,483) | (44,162) | ||
| Gross profit: | 211,304 | 221,086 | 183,787 | 169,307 | 165,032 | (46,431) | ||
| Operating expenses | (15,940) | (25,748) | (24,515) | (25,437) | (16,817) | (16,962) | ||
| Other undisclosed operating income | 175,448 | |||||||
| Operating income: | 195,364 | 195,338 | 159,272 | 143,870 | 148,215 | 112,055 | ||
| Income from continuing operations: | 195,364 | 195,338 | 159,272 | 143,870 | 148,215 | 112,055 | ||
| Income before gain (loss) on sale of properties: | ✕ | 195,364 | 195,338 | 159,272 | 143,870 | 148,215 | 112,055 | |
| Other undisclosed net loss | (42,077) | (47,906) | (51,103) | (40,590) | (33,213) | |||
| Net income: | 153,287 | 147,432 | 108,169 | 103,280 | 115,002 | 112,055 | ||
| Other undisclosed net loss attributable to parent | (2,443) | (150) | (30,433) | |||||
| Net income available to common stockholders, diluted: | 153,287 | 147,432 | 108,169 | 100,837 | 114,852 | 81,622 | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 153,287 | 147,432 | 108,169 | 103,280 | 115,002 | 112,055 | ||
| Comprehensive income, net of tax, attributable to parent: | 153,287 | 147,432 | 108,169 | 103,280 | 115,002 | 112,055 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.