PBF Energy 2013 Annual Report Download - page 107

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See notes to consolidated financial statements.
F- 11
PBF HOLDING COMPANY LLC
CONSOLIDATED BALANCE SHEETS
(in thousands)
December 31,
2013
December 31,
2012
ASSETS
Current assets:
Cash and cash equivalents $ 76,970 $ 254,291
Accounts receivable 596,647 503,796
Due from related party — 14,721
Inventories 1,445,517 1,497,119
Prepaid expense and other current assets 55,843 13,388
Total current assets 2,174,977 2,283,315
Property, plant and equipment, net 1,781,589 1,635,587
Deferred charges and other assets, net 262,479 197,349
Total assets $ 4,219,045 $ 4,116,251
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 402,293 $ 360,057
Accrued expenses 1,210,945 1,025,918
Current portion of long-term debt 12,029 —
Deferred revenue 7,766 210,543
Total current liabilities 1,633,033 1,596,518
Delaware Economic Development Authority loan 12,000 20,000
Long-term debt 723,547 709,980
Intercompany notes payable 31,835 —
Other long-term liabilities 46,477 38,099
Total liabilities 2,446,892 2,364,597
Commitments and contingencies (Note 14)
Equity:
Member's equity 933,164 930,098
Retained earnings 853,527 830,497
Accumulated other comprehensive loss (14,538)(8,941)
Total equity 1,772,153 1,751,654
Total liabilities and equity $ 4,219,045 $ 4,116,251