PBF Energy Inc. (PBF) financial statements (2022 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)

12/31/2021
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 investments1,3421,610815597573786944
Cash and cash equivalents1,3421,610815597573746944
Short-term investments     40 
Receivables1,278513835718953620455
Inventory, net of allowances, customer advances and progress billings2,5051,6862,1221,8662,2141,8641,174
Inventory2,5051,6862,1221,8662,2141,8641,174
Deferred tax assets   371
Other undisclosed current assets755952566413777
Total current assets:5,1993,8673,8243,2373,8033,4073,022
Noncurrent Assets
Finance lease, right-of-use asset8180 
Operating lease, right-of-use asset636837 
Property, plant and equipment4,9024,8434,0233,8213,4793,3292,357
Long-term investments and receivables      234
Long-term investments      234
Intangible assets, net (including goodwill)  24   0
Intangible assets, net (excluding goodwill)  24   0
Regulated entity, other noncurrent assets  32    
Other noncurrent assets823872979899782507291
Deferred tax assets, net4954379202
Other undisclosed noncurrent assets  250   (0)
Total noncurrent assets:6,4426,6325,3094,7684,3154,2153,083
TOTAL ASSETS:11,64110,5009,1328,0058,1187,6226,105
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6522,3192,4172,1122,3932,0041,435
Accounts payable912407601488579536316
Accrued liabilities2,7401,9121,8161,6241,8151,4681,119
Deferred revenue4347 
Debt 7 21140 
Deferred revenue and credits209134
Other undisclosed current liabilities657892 6 57
Total current liabilities:3,7602,4522,5092,1352,4192,0571,496
Noncurrent Liabilities
Long-term debt and lease obligation4,9375,4782,0651,9312,1752,1091,836
Long-term debt, excluding current maturities4,2964,6542,0651,9312,1752,1091,836
Finance lease, liability7168 
Operating lease, liability570756 
Liabilities, other than long-term debt36436836631825927569
Deferred tax liabilities, net97403346 
Deferred income tax liabilities111100 
Other liabilities25226926927722622969
Other undisclosed noncurrent liabilities48 607374362611609
Total noncurrent liabilities:5,3495,8463,0382,6222,7962,9952,514
Total liabilities:9,1098,2985,5474,7575,2155,0514,009
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9261,6433,0402,6762,3372,0251,647
Treasury stock, value(169)(167)(166)(161)(153)(152)(151)
Additional paid in capital2,8742,8462,8122,6342,2782,2461,905
Accumulated other comprehensive income (loss)17(9)(8)(22)(25)(24)(23)
Retained earnings (accumulated deficit)(796)(1,027)401226237(45)(83)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest607560546572566546449
Total stockholders' equity:2,5332,2023,5863,2482,9032,5712,096
TOTAL LIABILITIES AND EQUITY:11,64110,5009,1328,0058,1187,6226,105

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues27,25315,11624,50827,18621,78715,92013,124
Revenue, net27,18621,78715,92013,124
Cost of revenue(26,366)(16,746)(23,595)(26,583)(20,827)(13,998)(11,859)
Cost of goods and services sold(23,827)(14,276)(436)(359)(278)299(625)
Gross profit:887(1,630)9136039591,9221,265
Operating expenses(261)(359)   (1,423)(905)
Other undisclosed operating income (loss)(29)572(264)(244)(229)  
Operating income (loss):597(1,417)649358730499360
Interest and debt expense(318)(258)(160)(170)(154)(150)(106)
Income (loss) from continuing operations before equity method investments, income taxes:280(1,675)489188576349254
Other undisclosed income (loss) from continuing operations before income taxes48344(10)212231428
Income (loss) from continuing operations before income taxes:328(1,331)480209799363282
Income tax expense(12)(2)(104)(34)(316)(138)(87)
Net income (loss):316(1,333)375175483226196
Other undisclosed net loss attributable to parent(85)(59)(56)(47)(68)(55)(49)
Net income (loss) attributable to parent:231(1,392)319128416171146
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:231(1,393)319128414171146
Dilutive securities, effect on basic earnings per share2(17)45171514
Other undisclosed net income (loss) available to common stockholders, diluted(1)5(1)(1)(7)(6)(6)
Net income (loss) available to common stockholders, diluted:233(1,405)322131425180155

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):316(1,333)375175483226196
Other comprehensive income (loss)26(1)143(1)(3)2
Comprehensive income (loss):342(1,334)389178482223198
Comprehensive loss, net of tax, attributable to noncontrolling interest(85)(59)(56)(47)(68)(55)(49)
Comprehensive income (loss), net of tax, attributable to parent:257(1,393)334131415168148

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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