PBF Energy 2013 Annual Report Download - page 52

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45
PBF Holding not included in this Annual Report on Form 10-K. As a result of the Paulsboro and Toledo acquisitions,
the historical consolidated financial results of PBF LLC and PBF Holding only include the results of operations
for Paulsboro and Toledo from December 17, 2010 and March 1, 2011 forward, respectively.
The historical consolidated financial data and other statistical data presented below should be read in
conjunction with “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations.” and our consolidated financial statements and the related notes thereto, included in “Item 8. Financial
Statements and Supplementary Data.”
The historical financial information for all periods prior to PBF Energy's initial public offering included in
this report were derived from the consolidated financial statements of PBF LLC and does not reflect what our
financial position, results of operations, and cash flows would have been had we been a public company during
those periods. We were not operated as a public company for historical periods presented prior to our initial public
offering. The consolidated financial information may not be indicative of our future financial condition, results of
operations or cash flows.
The following tables reflect our financial and operating highlights (amounts in thousands, except per share
data) except for income taxes, net income attributable to noncontrolling interest and earnings per share for the
years ended December 2013 and 2012, each of which apply only to the financial results of PBF Energy. In addition,
general and administrative expenses for PBF Energy for the year ended December 31, 2013 include a charge of
$8.5 million associated with a change in the tax receivable agreement liability. Total assets for PBF Energy include
deferred tax assets which do not apply to PBF Holding. PBF Holding's interest expense also includes interest
related to an intercompany note with PBF Energy, which is eliminated in consolidation.