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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81559757378694439877
Cash and cash equivalents81559757374694439877
Short-term investments   40   
Receivables835718953620455551597
Inventory, net of allowances, customer advances and progress billings2,1221,8662,2141,8641,1741,1021,446
Inventory2,1221,8662,2141,8641,1741,1021,446
Deferred tax assets   37122226
Other undisclosed current assets525664137777356
Total current assets:3,8243,2373,8033,4073,0222,3472,201
Noncurrent Assets
Property, plant and equipment4,0233,8213,4793,3292,3571,9371,782
Long-term investments and receivables    234235 
Long-term investments    234235 
Intangible assets, net (including goodwill)24   001
Intangible assets, net (excluding goodwill)24   001
Regulated entity, other noncurrent assets32      
Other noncurrent assets979899782507291333262
Deferred tax assets, net4954379202345169
Other undisclosed noncurrent assets250   (0)(0)(1)
Total noncurrent assets:5,3094,7684,3154,2153,0832,8502,213
TOTAL ASSETS:9,1328,0058,1187,6226,1055,1964,414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4172,1122,3932,0041,4351,4661,612
Accounts payable601488579536316335402
Accrued liabilities1,8161,6241,8151,4681,1191,1311,210
Debt 21140  12
Deferred revenue and credits20913418
Other undisclosed current liabilities92 6 577613
Total current liabilities:2,5092,1352,4192,0571,4961,5431,645
Noncurrent Liabilities
Long-term debt and lease obligation2,0651,9312,1752,1091,8361,252724
Long-term debt, excluding current maturities2,0651,9312,1752,1091,8361,252724
Liabilities, other than long-term debt366318259275696344
Deferred tax liabilities, net97403346   
Other liabilities269277226229696344
Other undisclosed noncurrent liabilities607374362611609645287
Total noncurrent liabilities:3,0382,6222,7962,9952,5141,9601,054
Total liabilities:5,5474,7575,2155,0514,0093,5032,699
Stockholders' equity
Stockholders' equity attributable to parent, including:3,0402,6762,3372,0251,6471,218654
Treasury stock, value(166)(161)(153)(152)(151)143 
Additional paid in capital2,8122,6342,2782,2461,9051,508657
Accumulated other comprehensive loss(8)(22)(25)(24)(23)(24)(7)
Retained earnings (accumulated deficit)401226237(45)(83)(123)4
Other undisclosed stockholders' equity attributable to parent00000(285)0
Stockholders' equity attributable to noncontrolling interest5465725665464494751,061
Total stockholders' equity:3,5863,2482,9032,5712,0961,6931,715
TOTAL LIABILITIES AND EQUITY:9,1328,0058,1187,6226,1055,1964,414

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues24,50827,18621,78715,92013,12419,82819,151
Revenue, net27,18621,78715,92013,12419,82819,151
Cost of revenue(23,595)(26,583)(20,827)(13,998)(11,859)(18,794)(18,019)
Gross profit:9136039591,9221,2651,0341,133
Operating expenses   (1,423)(905)(883)(813)
Other undisclosed operating loss(264)(244)(229)    
Operating income:649358730499360151320
Interest and debt expense(160)(170)(154)(150)(106)(99)(94)
Income from continuing operations before equity method investments, income taxes:48918857634925452226
Other undisclosed income (loss) from continuing operations before income taxes(10)21223142845
Income from continuing operations before income taxes:48020979936328256231
Income tax expense (benefit)(104)(34)(316)(138)(87)22(17)
Net income:37517548322619678214
Net loss attributable to noncontrolling interest      (175)
Other undisclosed net loss attributable to parent(56)(47)(68)(55)(49)(117) 
Net income (loss) attributable to parent:319128416171146(38)40
Undistributed earnings (loss) allocated to participating securities, basic(1)(1) 
Other undisclosed net loss available to common stockholders, basic  (1)    
Net income (loss) available to common stockholders, basic:319128414171146(38)40
Dilutive securities, effect on basic earnings per share45171514  
Other undisclosed net loss available to common stockholders, diluted(1)(1)(7)(6)(6)  
Net income (loss) available to common stockholders, diluted:322131425180155(38)40

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:37517548322619678214
Other comprehensive income (loss)143(1)(3)2(12)(6)
Comprehensive income:38917848222319866208
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(56)(47)(68)(55)(49)(115)171
Other undisclosed comprehensive loss, net of tax, attributable to parent      (342)
Comprehensive income (loss), net of tax, attributable to parent:334131415168148(49)37

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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