PBF Energy 2013 Annual Report Download - page 53
Download and view the complete annual report
Please find page 53 of the 2013 PBF Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43 -
44 -
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
 |
 |
46
Year Ended December 31,
2013 2012 2011 2010 2009 (3)
Statement of operations data:
Revenues (1) $19,151,455 $ 20,138,687 $ 14,960,338 $ 210,671 $ 228
Costs and expenses:
Cost of sales, excluding
depreciation 17,803,314 18,269,078 13,855,163 203,971 —
Operating expenses, excluding
depreciation 812,652 738,824 658,831 25,140 —
General and administrative
expenses 104,334 120,443 86,183 15,859 6,294
Gain on sale of asset (183) (2,329)———
Acquisition-related expenses (2) — — 728 6,051 —
Depreciation and amortization
expense 111,479 92,238 53,743 1,402 44
Income (loss) from operations 319,859 920,433 305,690 (41,752)(6,110)
Other (expense) income:
Change in fair value of catalyst
lease obligation —(2,768)(5,215)(1,217)—
Change in fair value of contingent
consideration 4,691 (3,724) 7,316 — —
Interest income (expense), net (93,784) (108,629)(65,120)(1,388)10
Income before income taxes 230,766 805,312 242,671 (44,357)(6,100)
Income tax expense 16,681 1,275 — — —
Net income (loss) 214,085 804,037 $ 242,671 $ (44,357)$
(6,100)
Less: net income attributable to
noncontrolling interest 174,545 802,081
Net income attributable to PBF
Energy Inc. $ 39,540 $ 1,956
Weighted-average shares of Class A
common stock outstanding:
Basic 32,488,369 23,570,240
Diluted 33,061,081 97,230,904
Net income available to Class A
common stock per share:
Basic $ 1.22 $ 0.08
Diluted $ 1.20 $ 0.08
Balance sheet data (at end of
period) :
Total assets $ 4,413,808 $ 4,253,702 $ 3,621,109 $1,274,393 $19,150
Total long-term debt (4) 747,576 729,980 804,865 325,064 —
Total equity 1,715,256 1,723,545 1,110,918 458,661 18,694
Other financial data :
Capital expenditures (5) $ 415,702 $ 222,688 $ 574,883 $ 72,118 $ 70