← PAR PACIFIC HOLDINGS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($45.8m) | $72.6m | $39.4m | $40.8m | ($409.1m) | ($81.3m) | $364.2m | $728.6m | ($33.3m) | $369.4m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($45.8m) | $71.7m | $38.9m | $40.4m | ($409.1m) | ($81.3m) | $364.2m | $728.6m | ($33.3m) | $367.1m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $367.1m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | ($2.3m) | |
| Depreciation, Depletion and Amortization | $31.6m | $46.0m | $52.6m | $86.1m | $90.0m | $94.2m | $99.8m | $119.8m | $131.6m | $144.3m | |
| Amortization of Debt Issuance Costs and Discounts | $18.1m | $7.3m | $7.1m | $9.1m | $6.9m | $5.7m | $4.2m | $4.6m | $5.7m | $6.9m | |
| Amortization of Intangible Assets | $4.5m | $3.3m | $2.7m | $2.7m | $2.7m | $2.7m | $2.7m | $2.7m | $1.4m | $1.0m | |
| Depreciation | $31.6m | $46.0m | $39.0m | $75.2m | $81.8m | $77.2m | $75.0m | $94.0m | $106.5m | $104.3m | |
| Deferred Income Tax Expense (Benefit) | ($7.9m) | ($1.3m) | $661k | ($66.9m) | ($20.9m) | ($260k) | $274k | ($126.3m) | ($2.6m) | $100.4m | |
| Share-based Payment Arrangement, Noncash Expense | $6.6m | $7.2m | $6.2m | $6.4m | $7.3m | $8.2m | $9.4m | $11.6m | $25.7m | $16.6m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | $0 | — | — | — | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | $64.7m | $169k | $59k | ($222k) | — | |
| Gain (Loss) on Extinguishment of Debt | — | ($8.6m) | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | ($22.4m) | $18.4m | $9.5m | ($89.8m) | ($46.9m) | $0 | $0 | $25.0m | ($296k) | $23.3m | |
| Income Tax Expense (Benefit) | ($7.9m) | ($1.3m) | $333k | ($69.7m) | ($20.7m) | $1.0m | $710k | ($115.3m) | ($5.7m) | $110.8m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $82.8m | $82.4m | |
| Operating Lease, Lease Income | — | — | — | — | — | — | $11.0m | $14.9m | $6.0m | $2.2m | |
| Other Nonoperating Income (Expense) | ($98k) | $914k | $1.0m | $2.5m | $1.0m | ($52k) | $613k | ($53k) | ($1.9m) | ($665k) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $17.2m | $19.1m | $35.8m | $36.7m | ($117.8m) | $84.0m | $57.4m | $112.4m | $26.0m | ($84.7m) | |
| Increase (Decrease) in Inventories | ($49.0m) | $146.5m | ($31.8m) | $195.4m | ($171.9m) | $350.7m | $254.4m | ($180.2m) | ($62.9m) | $144.1m | |
| Asset Retirement Obligation, Accretion Expense | $362k | $369k | $395k | $331k | $490k | $873k | $934k | $965k | $1.4m | $1.2m | |
| General and Administrative Expense | $42.1m | $46.1m | $47.4m | $46.2m | $41.3m | $48.1m | $62.4m | $91.4m | $108.8m | $98.5m | |
| Goodwill | $105.7m | $107.2m | $153.4m | $195.9m | $128.0m | $127.3m | $129.3m | $129.3m | $129.3m | $127.3m | |
| Inventory Write-down | — | — | — | — | $10.6m | ($10.1m) | ($463k) | — | — | — | |
| Nonoperating Income (Expense) | ($37.3m) | ($22.7m) | ($42.2m) | ($176.9m) | ($111.8m) | ($72.7m) | ($73.0m) | ($66.7m) | ($86.6m) | ($60.9m) | |
| Proceeds from Stock Options Exercised | — | — | — | $8.2m | $0 | $0 | — | $17.1m | $1.5m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $3.4b | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | $15.5m | $989k | ($2.1m) | ($9.3m) | $3.3m | $1.4m | ($9.3m) | $49.7m | ($42.5m) | $26.3m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | $3.1m | — | — | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | — | $7.2m | |
| Net Cash Provided by (Used in) Operating Activities | ($23.9m) | $106.5m | $90.6m | $105.6m | ($37.2m) | ($27.6m) | $452.6m | $579.2m | $83.8m | $445.3m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $24.8m | $31.7m | $48.4m | $83.9m | $63.5m | $29.5m | $53.0m | $82.3m | $135.5m | $148.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $209.2m | $0 | $128.2m | $273.4m | $0 | $0 | $35.5m | $595.4m | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | ($864k) | ($58k) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($286.2m) | ($31.2m) | ($175.8m) | ($353.2m) | ($63.5m) | $74.6m | ($87.3m) | ($659.0m) | ($134.0m) | ($142.8m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | $49.0m | $0 | $19.3m | $0 | $0 | $87.2m | $0 | $0 | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $7.8m | $67.8m | $142.0m | $124.8m | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | — | $100.0m | |
| Proceeds from (Payments for) Other Financing Activities | ($598k) | ($993k) | ($860k) | $582k | ($428k) | ($879k) | $6.0m | $1.6m | $2.3m | $2.4m | |
| Net Cash Provided by (Used in) Financing Activities | $190.1m | ($4.8m) | $41.9m | $300.2m | $42.6m | ($1.1m) | $13.4m | ($135.6m) | ($37.0m) | ($330.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($43.3m) | $52.6m | ($58.1m) | $45.9m | $378.7m | ($215.5m) | ($87.2m) | ($27.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($119.5m) | $70.1m | $75.8m | $128.4m | $70.3m | $116.2m | $494.9m | $279.4m | $192.3m | $164.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $28.2m | $58.2m | $54.3m | $65.2m | $63.3m | $77.4m | $67.8m | $80.5m | |
| Income Taxes Paid, Net | ($589k) | — | ($49k) | $136k | ($190k) | $795k | $51k | $6.1m | $12.0m | ($4.5m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.