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 investments | 33,904 | 36,284 | 34,966 | 19,908 | 19,664 | 104,245 | 18,678 | ||
| Cash and cash equivalents | 33,904 | 36,284 | 34,966 | 19,908 | 19,664 | 64,221 | 18,678 | ||
| Short-term investments | 40,024 | ||||||||
| Receivables | 67,273 | 64,602 | 55,407 | 44,563 | 42,240 | 42,157 | 23,949 | ||
| Other undisclosed current assets | 3,476 | 2,590 | 3,828 | 4,598 | 1,793 | 1,657 | 469 | ||
| Total current assets: | 104,653 | 103,476 | 94,201 | 69,069 | 63,697 | 148,059 | 43,096 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 787,338 | 820,174 | 854,610 | 862,117 | 673,823 | 600,071 | 145,548 | ||
| Long-term investments and receivables | 234,258 | ||||||||
| Long-term investments | 234,258 | ||||||||
| 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 | 379,806 | ||
| TOTAL ASSETS: | 901,297 | 933,552 | 973,002 | 956,353 | 737,550 | 748,130 | 422,902 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 22,206 | 36,826 | 27,839 | 50,972 | 19,794 | 18,371 | 5,504 | ||
| 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 | 5,504 | ||||
| Deferred revenue | 2,372 | 2,117 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 39,664 | ||||||||
| Due to related parties | 4,096 | 4,940 | 6,454 | 12,047 | 8,352 | 7,631 | 3,438 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 2,960 | 1,438 | 952 | |||
| Other undisclosed current liabilities | 13,413 | ||||||||
| Total current liabilities: | 28,674 | 43,883 | 47,706 | 65,979 | 29,584 | 66,618 | 8,942 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 622,544 | 720,845 | 802,104 | 673,324 | 548,793 | 532,011 | 599,635 | ||
| Long-term debt, excluding current maturities | 622,544 | 720,845 | 802,104 | 673,324 | 548,793 | 532,011 | 599,635 | ||
| 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 | 599,635 | ||
| Total liabilities: | 652,601 | 766,335 | 867,919 | 763,163 | 580,455 | 601,790 | 608,577 | ||
| Stockholders' equity | |||||||||
| Other undisclosed stockholders' equity | 248,696 | 167,217 | 105,083 | 193,190 | 157,095 | 146,340 | (185,675) | ||
| Total stockholders' equity: | 248,696 | 167,217 | 105,083 | 193,190 | 157,095 | 146,340 | (185,675) | ||
| TOTAL LIABILITIES AND EQUITY: | 901,297 | 933,552 | 973,002 | 956,353 | 737,550 | 748,130 | 422,902 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 355,535 | 360,255 | 340,212 | 283,440 | 254,813 | 11,887 | 142,102 | |
| Revenue, net | ✕ | ✕ | ✕ | 283,440 | 254,813 | 187,335 | 142,102 | |
| 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) | (31,837) | |
| Cost of goods and services sold | (103,438) | (99,852) | (118,614) | (88,390) | (66,483) | (44,162) | (25,255) | |
| Gross profit: | 211,304 | 221,086 | 183,787 | 169,307 | 165,032 | (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: | 195,364 | 195,338 | 159,272 | 143,870 | 148,215 | 112,055 | 96,376 | |
| Income before gain (loss) on sale of properties: | 195,364 | 195,338 | 159,272 | 143,870 | 148,215 | 112,055 | 96,376 | |
| 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 | 96,376 | |
| Other undisclosed net loss attributable to parent | (2,443) | (150) | (30,433) | (21,254) | ||||
| Net income available to common stockholders, diluted: | 153,287 | 147,432 | 108,169 | 100,837 | 114,852 | 81,622 | 75,122 | |
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: | 153,287 | 147,432 | 108,169 | 103,280 | 115,002 | 112,055 | 96,376 | |
| Comprehensive income, net of tax, attributable to parent: | 153,287 | 147,432 | 108,169 | 103,280 | 115,002 | 112,055 | 96,376 | |
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.