PBF Energy 2013 Annual Report Download - page 101
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See notes to consolidated financial statements.
F- 5
PBF ENERGY INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
December 31,
2013
December 31,
2012
ASSETS
Current assets:
Cash and cash equivalents $ 76,970 $ 285,884
Accounts receivable 596,647 503,796
Inventories 1,445,517 1,497,119
Deferred tax asset 25,529 7,717
Prepaid expense and other current assets 55,843 13,388
Total current assets 2,200,506 2,307,904
Property, plant and equipment, net 1,781,589 1,635,587
Deferred tax assets 169,234 112,862
Deferred charges and other assets, net 262,479 197,349
Total assets $ 4,413,808 $ 4,253,702
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 402,293 $ 360,057
Accrued expenses 1,209,881 1,031,467
Payable to related parties pursuant to tax receivable agreement 12,541 1,007
Current portion of long-term debt 12,029 —
Deferred revenue 7,766 210,543
Total current liabilities 1,644,510 1,603,074
Delaware Economic Development Authority loan 12,000 20,000
Long-term debt 723,547 709,980
Payable to related parties pursuant to tax receivable agreement 274,775 159,004
Other long-term liabilities 43,720 38,099
Total liabilities 2,698,552 2,530,157
Commitments and contingencies (Note 14)
Equity:
Class A common stock, $0.001 par value, 1,000,000,000 shares authorized, 39,665,473 shares
outstanding at December 31, 2013, 23,571,221 shares outstanding at December 31, 2012 40 24
Class B common stock, $0.001 par value, 1,000,000 shares authorized, 40 shares outstanding at
December 31, 2013, 41 shares outstanding at December 31, 2012 — —
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares outstanding at
December 31, 2013 and 2012 ——
Additional paid in capital 657,499 417,835
Retained earnings 3,579 1,956
Accumulated other comprehensive loss (6,988) (61)
Total PBF Energy Inc. equity 654,130 419,754
Noncontrolling interest 1,061,126 1,303,791
Total equity 1,715,256 1,723,545
Total liabilities and equity $ 4,413,808 $ 4,253,702