PBF Energy Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
PBF$65.91-5.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| December 31,2023 | December 31,2022 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,783.5 | $2,203.6 |
| Accounts receivable | 1,362.5 | 1,456.3 |
| Inventories | 3,183.1 | 2,763.6 |
| Prepaid and other current assets | 267.5 | 122.8 |
| Total current assets | 6,596.6 | 6,546.3 |
| Property, plant and equipment, net | 4,978.1 | 5,361.0 |
| Equity method investment in SBR | 881.0 | — |
| Lease right of use assets | 789.1 | 679.1 |
| Deferred charges and other assets, net | 1,143.0 | 962.7 |
| Total assets | $14,387.8 | $13,549.1 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $959.0 | $854.6 |
| Accrued expenses | 3,020.0 | 3,720.8 |
| Payable pursuant to Tax Receivable Agreement | 43.0 | — |
| Deferred revenue | 64.1 | 40.6 |
| Current operating lease liabilities | 131.2 | 60.5 |
| Current debt | — | 524.2 |
| Total current liabilities | 4,217.3 | 5,200.7 |
| Long-term debt | 1,245.9 | 1,434.9 |
| Payable pursuant to Tax Receivable Agreement | 293.6 | 338.6 |
| Deferred tax liabilities | 1,073.3 | 535.4 |
| Long-term operating lease liabilities | 608.8 | 552.7 |
| Long-term financing lease liabilities | 46.1 | 57.9 |
| Other long-term liabilities | 271.5 | 372.9 |
| Total liabilities | 7,756.5 | 8,493.1 |
| Commitments and contingencies (Note 11) | ||
| Equity: | ||
| PBF Energy Inc. equity | ||
| Class A common stock, $0.001 par value, 1,000,000,000 shares authorized, 120,440,620 shares outstanding at December 31, 2023, 129,639,307 shares outstanding at December 31, 2022 | 0.1 | 0.1 |
| Class B common stock, $0.001 par value, 1,000,000 shares authorized, 12 shares outstanding at December 31, 2023, 13 shares outstanding at December 31, 2022 | — | — |
| Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares outstanding at December 31, 2023 and December 31, 2022 | — | — |
| Treasury stock, at cost, 23,419,532 shares outstanding at December 31, 2023 and 10,937,916 shares outstanding at December 31, 2022 | (868.2) | (327.0) |
| Additional paid in capital | 3,278.8 | 3,201.6 |
| Retained earnings | 4,089.9 | 2,056.0 |
| Accumulated other comprehensive income (loss) | (12.3) | (1.5) |
| Total PBF Energy Inc. equity | 6,488.3 | 4,929.2 |
| Noncontrolling interest | 143.0 | 126.8 |
| Total equity | 6,631.3 | 5,056.0 |
| Total liabilities and equity | $14,387.8 | $13,549.1 |
F- 6
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