PBF Energy 2012 Annual Report Download - page 122
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PBF ENERGY INC. AND SUBSIDIARIES
(COMBINED AND CONSOLIDATED WITH PBF ENERGY COMPANY LLC AND SUBSIDIARIES)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(IN THOUSANDS, EXCEPT SHARE, UNIT AND BARREL DATA)
9 - CREDIT FACILITY AND LONG-TERM DEBT (Continued)
Debt Maturities
Debt maturing in the next five years and thereafter is as follows:
Year Ending
December 31,
2013 ............................................ $ 26,741
2014 ............................................ 16,701
2015 ............................................ —
2016 ............................................ —
2017 ............................................ —
Thereafter ........................................ 666,538
$709,980
10 - OTHER LONG-TERM LIABILITIES
Other long-term liabilities consisted of the following:
December 31,
2012
December 31,
2011
Defined benefit pension plan liabilities ............ $19,983 $ 6,651
Post retiree medical plan ....................... 9,730 8,912
Environmental liabilities ....................... 7,303 10,398
Noncurrent portion of fair value of contingent
consideration for refinery acquisition ........... — 21,852
Other ...................................... 1,083 1,400
$38,099 $49,213
The fair value of contingent consideration for refinery acquisition was reclassified to current liabilities, at
December 31, 2012, as the obligation is expected to be settled within the next twelve months.
11 - STOCKHOLDERS’ AND MEMBERS’ EQUITY STRUCTURE
Class A Common Stock
Holders of Class A common stock are entitled to receive dividends when and if declared by the Board of
Directors out of funds legally available therefore, subject to any statutory or contractual restrictions on the
payment of dividends and to any restrictions on the payment of dividends imposed by the terms of any
outstanding preferred stock. Upon the Company’s dissolution or liquidation or the sale of all or substantially all
of the assets, after payment in full of all amounts required to be paid to creditors and to the holders of preferred
stock having liquidation preferences, if any, the holders of shares of Class A common stock will be entitled to
receive pro rata remaining assets available for distribution. Holders of shares of Class A common stock do not
have preemptive, subscription, redemption or conversion rights.
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