PBF Energy Inc. (PBF) financial statements (2021 and earlier)

Company profile

Business Address 1 SYLVAN WAY
PARSIPPANY, NJ 07054
State of Incorp. DE
Fiscal Year End December 31
SIC 2911 - Petroleum Refining (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,610815597573786944398
Cash and cash equivalents1,610815597573746944398
Short-term investments    40  
Receivables513835718953620455551
Inventory, net of allowances, customer advances and progress billings1,6862,1221,8662,2141,8641,1741,102
Inventory1,6862,1221,8662,2141,8641,1741,102
Deferred tax assets   371222
Other undisclosed current assets595256641377773
Total current assets:3,8673,8243,2373,8033,4073,0222,347
Noncurrent Assets
Finance lease, right-of-use asset80 
Operating lease, right-of-use asset837 
Property, plant and equipment4,8434,0233,8213,4793,3292,3571,937
Long-term investments and receivables     234235
Long-term investments     234235
Intangible assets, net (including goodwill) 24   00
Intangible assets, net (excluding goodwill) 24   00
Regulated entity, other noncurrent assets 32     
Other noncurrent assets872979899782507291333
Deferred tax assets, net4954379202345
Other undisclosed noncurrent assets 250   (0)(0)
Total noncurrent assets:6,6325,3094,7684,3154,2153,0832,850
TOTAL ASSETS:10,5009,1328,0058,1187,6226,1055,196
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3192,4172,1122,3932,0041,4351,466
Accounts payable407601488579536316335
Accrued liabilities1,9121,8161,6241,8151,4681,1191,131
Deferred revenue47 
Debt7 21140  
Deferred revenue and credits2091341
Other undisclosed current liabilities7892 6 5776
Total current liabilities:2,4522,5092,1352,4192,0571,4961,543
Noncurrent Liabilities
Long-term debt and lease obligation5,4782,0651,9312,1752,1091,8361,252
Long-term debt, excluding current maturities4,6542,0651,9312,1752,1091,8361,252
Finance lease, liability68 
Operating lease, liability756 
Liabilities, other than long-term debt3683663182592756963
Deferred tax liabilities, net97403346  
Deferred income tax liabilities100 
Other liabilities2692692772262296963
Other undisclosed noncurrent liabilities 607374362611609645
Total noncurrent liabilities:5,8463,0382,6222,7962,9952,5141,960
Total liabilities:8,2985,5474,7575,2155,0514,0093,503
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6433,0402,6762,3372,0251,6471,218
Treasury stock, value(167)(166)(161)(153)(152)(151)143
Additional paid in capital2,8462,8122,6342,2782,2461,9051,508
Accumulated other comprehensive loss(9)(8)(22)(25)(24)(23)(24)
Retained earnings (accumulated deficit)(1,027)401226237(45)(83)(123)
Other undisclosed stockholders' equity attributable to parent000000(285)
Stockholders' equity attributable to noncontrolling interest560546572566546449475
Total stockholders' equity:2,2023,5863,2482,9032,5712,0961,693
TOTAL LIABILITIES AND EQUITY:10,5009,1328,0058,1187,6226,1055,196

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues15,11624,50827,18621,78715,92013,12419,828
Revenue, net27,18621,78715,92013,12419,828
Cost of revenue(16,746)(23,595)(26,583)(20,827)(13,998)(11,859)(18,794)
Cost of goods and services sold(14,276)(436)(359)(278)299(625)(870)
Gross profit:(1,630)9136039591,9221,2651,034
Operating expenses(359)   (1,423)(905)(883)
Other undisclosed operating income (loss)572(264)(244)(229)   
Operating income (loss):(1,417)649358730499360151
Interest and debt expense(258)(160)(170)(154)(150)(106)(99)
Income (loss) from continuing operations before equity method investments, income taxes:(1,675)48918857634925452
Other undisclosed income (loss) from continuing operations before income taxes344(10)2122314284
Income (loss) from continuing operations before income taxes:(1,331)48020979936328256
Income tax expense (benefit)(2)(104)(34)(316)(138)(87)22
Net income (loss):(1,333)37517548322619678
Other undisclosed net loss attributable to parent(59)(56)(47)(68)(55)(49)(117)
Net income (loss) attributable to parent:(1,392)319128416171146(38)
Undistributed earnings (loss) allocated to participating securities, basic(0)(1)(1) 
Other undisclosed net loss available to common stockholders, basic   (1)   
Net income (loss) available to common stockholders, basic:(1,393)319128414171146(38)
Dilutive securities, effect on basic earnings per share(17)45171514 
Other undisclosed net income (loss) available to common stockholders, diluted5(1)(1)(7)(6)(6) 
Net income (loss) available to common stockholders, diluted:(1,405)322131425180155(38)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,333)37517548322619678
Other comprehensive income (loss)(1)143(1)(3)2(12)
Comprehensive income (loss):(1,334)38917848222319866
Comprehensive loss, net of tax, attributable to noncontrolling interest(59)(56)(47)(68)(55)(49)(115)
Comprehensive income (loss), net of tax, attributable to parent:(1,393)334131415168148(49)

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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