PBF Energy 2013 Annual Report Download - page 158

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PBF ENERGY INC. AND
PBF HOLDING COMPANY LLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(IN THOUSANDS, EXCEPT SHARE, UNIT, PER SHARE, PER UNIT AND BARREL DATA)
F- 62
23. CONSOLIDATING FINANCIAL STATEMENTS OF PBF HOLDING
CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
Year Ended December 31, 2013
Issuer
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Combining and
Consolidating
Adjustments Total
Revenues $16,190,178 $ 7,641,498 $ — $ (4,680,221) $ 19,151,455
Costs and expenses:
Cost of sales, excluding
depreciation 16,486,851 5,996,684 — (4,680,221) 17,803,314
Operating expenses,
excluding depreciation (482) 813,134 — — 812,652
General and administrative
expenses 82,284 13,510 — — 95,794
(Gain) loss on sale of asset (388) 205 — — (183)
Depreciation and amortization
expense 12,856 98,623 — — 111,479
16,581,121 6,922,156 — (4,680,221) 18,823,056
Income (loss) from
operations (390,943) 719,342 — — 328,399
Other income (expense):
Equity in earnings of
subsidiaries 722,673 — — (722,673)—
Change in fair value of
catalyst lease — 4,691 — — 4,691
Interest expense, net (92,854) (1,360) — — (94,214)
Net income (loss) $ 238,876 $ 722,673 $ — $ (722,673) $ 238,876
Comprehensive Income (Loss) $ 233,279 $ 724,930 $ — $ (724,930) $ 233,279