← PBF Energy Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $15.9b | $21.8b | $27.2b | $24.5b | $15.1b | $27.3b | $46.8b | $38.3b | $33.1b | $29.3b | |
| Cost of Goods and Services Sold | $15.2b | $20.8b | $25.0b | $23.6b | $13.9b | $26.4b | $42.2b | $35.9b | $30.4b | $26.9b | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $13.6b | $18.9b | $24.5b | $21.4b | $14.3b | $23.8b | $39.0b | $32.7b | $30.3b | $26.6b | |
| Cost of sales | $15.2b | $20.8b | $26.6b | $23.6b | $16.7b | $26.4b | $42.2b | $35.9b | $33.5b | $29.9b | |
| Gross Profit (Calculated) (derived) | $682.5m | $959.4m | $602.6m | $913.1m | ($1.6b) | $887.2m | $4.7b | $2.4b | ($372.2m) | ($571.0m) | |
| Operating expenses (excluding depreciation and amortization expense as reflected below) | $1.4b | $1.7b | $1.7b | $1.8b | $1.9b | $2.1b | $2.6b | $2.7b | $2.6b | $2.6b | |
| Operating Expenses | $1.4b | $1.7b | $1.7b | $1.8b | $1.9b | $2.1b | $2.6b | $2.7b | $2.6b | $2.6b | |
| Operating Income (Loss) | $498.9m | $730.2m | $358.1m | $649.0m | ($1.4b) | $597.2m | $4.2b | $3.0b | ($699.0m) | ($54.3m) | |
| Additional Financial Items | |||||||||||
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | ($45.3m) | ($47.4m) | ($62.2m) | |
| Interest Income, Other | — | — | — | — | — | — | — | — | $51.2m | $24.3m | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | — | $1.0m | $748k | $500k | $100k | $0 | $0 | $0 | $100k | $100k | |
| Gain on insurance recoveries, net | — | — | — | — | — | — | — | $0 | $0 | ($832.5m) | |
| Change in fair value of contingent consideration, net | — | — | $0 | ($800k) | ($93.7m) | $32.4m | $48.3m | ($45.8m) | ($3.3m) | $0 | |
| Equity loss in investee | — | — | — | — | — | $0 | $0 | $45.3m | $47.4m | $62.2m | |
| Loss (gain) on formation of SBR equity method investment | — | — | — | — | — | $0 | $0 | ($925.1m) | $8.7m | $0 | |
| (Gain) loss on sale of assets | $11.4m | $1.5m | ($43.1m) | ($29.9m) | ($477.8m) | ($3.0m) | $900k | ($1.3m) | $400k | ($93.1m) | |
| Income (loss) from operations | $498.9m | $730.2m | $358.1m | $649.0m | ($1.4b) | $597.2m | $4.2b | $3.0b | ($699.0m) | ($54.3m) | |
| Change in Tax Receivable Agreement liability | $12.9m | $250.9m | $13.9m | $0 | $373.5m | ($48.3m) | ($290.3m) | $2.0m | $0 | $0 | |
| Change in fair value of catalyst obligations | — | ($2.2m) | $5.6m | ($9.7m) | ($11.8m) | $8.5m | ($2.0m) | $1.1m | $0 | $0 | |
| Loss on extinguishment of debt | $0 | ($25.5m) | $0 | $0 | ($22.2m) | $79.9m | ($66.1m) | ($5.7m) | $0 | $0 | |
| Income (loss) before income taxes | $363.2m | $799.0m | $208.8m | $479.5m | ($1.3b) | $327.6m | $3.6b | $2.9b | ($768.6m) | ($234.6m) | |
| Basic (in shares) | $98.3m | $109.8m | $115.2m | $119.9m | $119.6m | $120.2m | $122.6m | $125.0m | $116.2m | $114.1m | |
| Diluted (in shares) | $103.6m | $113.9m | $118.8m | $121.9m | $120.7m | $122.6m | $126.9m | $130.5m | $117.1m | $114.9m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $363.2m | $799.0m | $208.8m | $479.5m | ($1.3b) | $327.6m | $3.6b | $2.9b | ($768.6m) | ($234.6m) | |
| Net Income (Loss) Attributable to Parent | $170.8m | $415.5m | $128.3m | $319.4m | ($1.4b) | $231.0m | $2.9b | $2.1b | ($533.8m) | ($158.5m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | $170.8m | $414.5m | $127.6m | $318.9m | ($1.4b) | $231.0m | $2.9b | $2.1b | ($533.9m) | ($158.6m) | |
| Less: net income (loss) attributable to noncontrolling interests | $54.7m | $67.9m | $47.0m | $55.8m | $59.1m | $84.5m | $96.0m | $21.5m | ($6.4m) | ($2.0m) | |
| Earnings Per Share, Basic | $1.74 | $3.78 | $1.11 | $2.66 | ($11.64) | $1.92 | $23.47 | $17.13 | ($4.59) | ($1.39) | |
| Earnings Per Share, Diluted | $1.74 | $3.73 | $1.10 | $2.64 | ($11.64) | $1.90 | $22.84 | $16.52 | ($4.60) | ($1.39) | |
| Weighted Average Number of Shares Outstanding, Basic | 98.3m | 109.8m | 115.2m | 119.9m | 119.6m | 120.2m | 122.6m | 125.0m | 116.2m | 114.1m | |
| Weighted Average Number of Shares Outstanding, Diluted | 103.6m | 113.9m | 118.8m | 121.9m | 120.7m | 122.6m | 126.9m | 130.5m | 117.1m | 114.9m | |
| General and Administrative Expense | $166.5m | $214.8m | $277.0m | $284.0m | $248.5m | $247.3m | $468.7m | $362.5m | $260.4m | $332.3m | |
| General and administrative expenses (excluding depreciation and amortization expense as reflected below) | $166.5m | $214.8m | $277.0m | $284.0m | $248.5m | $247.3m | $468.7m | $362.5m | $260.4m | $332.3m | |
| Operating Lease, Expense | — | — | $52.3m | — | — | — | — | — | — | — | |
| Business Combination, Acquisition Related Costs | $17.5m | $1.0m | $2.9m | $11.6m | $12.5m | $0 | — | — | — | — | |
| Cost, Depreciation and Amortization | — | $278.0m | $359.1m | $425.3m | $551.7m | $453.5m | $503.6m | $560.0m | $614.6m | $630.3m | |
| Cost of products and other | $13.6b | $18.9b | $24.5b | $21.4b | $14.3b | $23.8b | $39.0b | $32.7b | $30.3b | $26.6b | |
| Depreciation and amortization expense | $222.2m | $13.0m | $10.6m | $10.8m | $11.3m | $13.3m | $7.5m | $11.5m | $13.2m | $14.4m | |
| Other non-service components of net periodic benefit cost | ($580k) | ($1.4m) | $1.1m | ($200k) | $4.3m | $7.8m | $8.8m | $700k | $2.4m | $1.3m | |
| Interest Expense | — | — | — | — | $258.2m | $317.5m | $246.0m | $63.8m | $72.0m | $181.6m | |
| Interest expense (net of interest income of $24.3, $51.2, and $75.0, respectively) | — | — | ($169.9m) | ($159.6m) | ($258.2m) | ($317.5m) | ($246.0m) | ($63.8m) | ($72.0m) | ($181.6m) | |
| Current Income Tax Expense (Benefit) | ($107.1m) | $1.8m | $766k | $600k | $500k | $400k | $164.6m | $186.8m | $10.8m | $3.8m | |
| Income tax (benefit) expense | $137.7m | $315.6m | $33.5m | $104.3m | $2.1m | $12.1m | $584.8m | $723.8m | ($228.4m) | ($74.1m) | |
| Total cost and expenses | $15.4b | $21.1b | $26.8b | $23.9b | $16.5b | $26.7b | $42.7b | $35.4b | $33.8b | $29.4b | |
| Income Tax Expense (Benefit) | $137.7m | $315.6m | $33.5m | $104.3m | $2.1m | $12.1m | $584.8m | $723.8m | ($228.4m) | ($74.1m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.