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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 2,210.4 $ 2,316.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 448.3 388.9
Stock-based compensation 27.7 24.9
Change in fair value of catalyst obligations (1.1) 0.3
Deferred income taxes 416.3 165.5
Change in Tax Receivable Agreement liability 0.0 288.2
Non-cash change in inventory repurchase obligations 25.1 (21.1)
Change in fair value of contingent consideration, net 32.4 130.9
Loss on extinguishment of debt 5.7 66.1
Pension and other post-retirement benefit costs 35.9 35.7
Income from equity method investment (14.6) 0.0
Gain on formation of SBR equity method investment (965.7) 0.0
(Gain) loss on sale of assets (1.3) 0.3
Changes in operating assets and liabilities:    
Accounts receivable (127.1) (352.6)
Inventories (406.8) (184.4)
Prepaid and other current assets (131.1) (268.6)
Accounts payable 410.4 (15.4)
Accrued expenses (911.9) 1,041.2
Deferred revenue 39.1 32.1
Other assets and liabilities (59.1) 0.2
Net cash provided by operating activities 1,032.6 3,648.9 Close
Cash flows from investing activities:    
Expenditures for property, plant and equipment (577.9) (391.5)
Expenditures for deferred turnaround costs (322.9) (240.3)
Expenditures for other assets (39.5) (51.9)
Proceeds from sale of assets 4.4 0.0
Equity method investment - contribution (15.4) 0.0
Equity method investment - return of capital 845.5 0.0
Net cash used in investing activities (105.8) (683.7) Close
Cash flows from financing activities:    
Dividend payments (75.5) 0.0
Distributions to PBFX public unitholders 0.0 (29.5)
Distributions to PBF Energy Company LLC members other than PBF Energy (5.0) 0.0
Settlement of precious metal catalyst obligations (3.1) (37.3)
Payments on financing leases (11.1) (8.5)
Proceeds from insurance premium financing 8.7 10.5
Payments of contingent consideration (80.1) (2.7)
Transactions in connection with stock-based compensation plans, net 41.2 0.0
Purchase of treasury stock (382.6) 0.0
Deferred financing costs and other, net (35.8) 2.7
Net cash used in financing activities (1,237.9) (2,398.1) Close
Net change in cash and cash equivalents (311.1) 567.1 Close
Cash and cash equivalents, beginning of period 2,203.6 1,341.5
Cash and cash equivalents, end of period 1,892.5 1,908.6
Non-cash activities:    
Accrued and unpaid capital expenditures 66.6 106.8
Assets acquired or remeasured under operating and financing leases 230.5 36.1
SBR Contribution Receivable 15.0 0.0
Contribution of assets to SBR equity method investment (739.8) 0.0
Settlement of affiliate note payable to fund investment in SBR working capital (74.9) 0.0
Cash paid during the period for:    
Interest (net of capitalized interest of $33.1 million and $15.9 million in 2023 and 2022, respectively) 106.2 202.8
Income taxes 211.2 63.3
2030 Senior Notes    
Cash flows from financing activities:    
Proceeds from 2030 7.875% Senior Notes 496.6 0.0
2028 Senior Notes    
Cash flows from financing activities:    
Repayments of Long-Term Debt 0.0 (21.1)
2025 Senior Notes    
Cash flows from financing activities:    
Repayments of Long-Term Debt (666.2) (4.8)
2025 Senior Secured Notes    
Cash flows from financing activities:    
Repayments of Long-Term Debt 0.0 (1,307.4)
Revolving Credit Facility    
Cash flows from financing activities:    
Proceeds from revolver borrowings 0.0 400.0
Repayments of Lines of Credit 0.0 (1,300.0)
PBFX Revolving Credit Facility    
Cash flows from financing activities:    
Repayments of Lines of Credit 0.0 (100.0)
PBFX 2023 Senior Notes    
Cash flows from financing activities:    
Repayments of Long-Term Debt $ (525.0) $ 0.0