$4.8 B

PBF Mkt cap, 18-Jul-2018

$5.8 B

PBF Energy Revenue Q1, 2018
PBF Energy Gross profit (Q1, 2018)161.3 M
PBF Energy Gross profit margin (Q1, 2018), %2.8%
PBF Energy Net income (Q1, 2018)41.8 M
PBF Energy EBIT (Q1, 2018)95.7 M
PBF Energy Cash, 31-Mar-2018363 M
PBF Energy EV6.6 B

PBF Energy Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

19.2 b19.8 b13.1 b15.9 b

Revenue growth, %

4%(34%)21%

EBIT

319.9 m150.7 m360.1 m498.9 m

EBIT margin, %

2%1%3%3%

Interest expense

93.8 m98.8 m106.2 m150 m

Interest income

93.8 m98.8 m106.2 m150 m

Pre tax profit

230.8 m55.9 m282.3 m363.2 m

Income tax expense

16.7 m(22.4 m)86.7 m137.7 m

Net Income

214.1 m78.3 m195.5 m225.5 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

4.9 b4.7 b5.3 b5.3 b3 b3.6 b3.2 b2.8 b3.9 b4.5 b4.8 b5 b5.5 b5.8 b

Cost of goods sold

4.8 b5.6 b

Gross profit

648 m161.3 m

Gross profit Margin, %

12%3%

General and administrative expense

30.7 m36.6 m33 m34.3 m36 m39.2 m53.3 m37.6 m43.4 m44 m43.8 m41.1 m58.3 m62.8 m

Operating expense total

30.7 m36.6 m33 m34.3 m36 m39.2 m53.3 m37.6 m43.4 m44 m43.8 m41.1 m58.3 m62.8 m

EBIT

(55.6 m)260.2 m87.9 m284.1 m172.4 m273.8 m90.1 m(5.4 m)234.8 m129.7 m694 k(111.1 m)587.2 m95.7 m

EBIT margin, %

(1%)5%2%5%6%8%3%0%6%3%0%(2%)11%2%

Interest expense

26.2 m25.3 m26.2 m24.4 m22.2 m26.9 m28 m37.5 m35.9 m38.5 m37.2 m40.7 m37 m43.2 m

Pre tax profit

(84.2 m)233 m59.3 m265.3 m152.3 m248.9 m67 m(45.8 m)197.1 m88.1 m(39.1 m)(176.2 m)551.2 m52.8 m

Income tax expense

(19.3 m)49.7 m13.5 m95.3 m49.1 m90.4 m11.5 m(22.5 m)76.4 m31.7 m(19 m)(72 m)204 m10.9 m

Net Income

(64.9 m)183.3 m45.8 m170 m103.1 m158.5 m55.5 m(23.3 m)120.6 m56.4 m(20 m)(104.2 m)347.2 m41.8 m

PBF Energy Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

77 m397.9 m944.3 m746.3 m

Accounts Receivable

596.6 m551.3 m454.8 m620.2 m

Inventories

1.4 b1.1 b1.2 b1.9 b

Current Assets

2.2 b2.3 b3 b3.4 b

PP&E

1.8 b1.9 b2.4 b3.3 b

Total Assets

4.4 b5.2 b6.1 b7.6 b

Accounts Payable

402.3 m335.3 m315.7 m535.9 m

Short-term debt

12 m39.7 m

Current Liabilities

1.6 b1.5 b1.5 b2.1 b

Long-term debt

723.5 m1.3 b1.8 b2.1 b

Total Debt

735.6 m1.3 b1.8 b2.1 b

Additional Paid-in Capital

657.5 m1.5 b1.9 b2.2 b

Retained Earnings

3.6 m(123.3 m)(83.5 m)(44.9 m)

Total Equity

1.7 b1.7 b2.1 b2.6 b

Debt to Equity Ratio

0.4 x0.7 x0.9 x0.8 x

Debt to Assets Ratio

0.2 x0.2 x0.3 x0.3 x

Financial Leverage

2.6 x3.1 x2.9 x3 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

57.4 m237.1 m317.5 m477.4 m449.5 m623.8 m472.8 m740.3 m1.4 b625.4 m306.1 m173 m300.9 m363 m

Accounts Receivable

577.9 m529.6 m713.2 m698.4 m441.2 m540.2 m395.6 m541.5 m647.9 m653.6 m610.2 m611.6 m776 m831.1 m

Inventories

1.5 b1.5 b1.7 b1.8 b1.1 b1.3 b1.1 b1.2 b1.3 b1.8 b2.1 b1.9 b2.3 b2.6 b

Current Assets

2.2 b2.4 b2.8 b3 b2.3 b2.7 b2.3 b3 b3.9 b3.5 b3.1 b2.7 b3.4 b3.9 b

PP&E

1.7 b1.8 b1.8 b1.9 b1.9 b2 b2 b2.4 b2.5 b3.3 b3.4 b3.5 b3.5 b3.5 b

Total Assets

4.3 b4.7 b5.7 b5.9 b5.2 b5.5 b5.1 b6.2 b7 b7.5 b7.5 b7.5 b8 b8.3 b

Accounts Payable

563.9 m246.8 m339.2 m377.3 m313.2 m354.6 m212.8 m388.2 m373.8 m369.7 m380.6 m449.2 m447.6 m666.8 m

Short-term debt

13 m135.9 m59.7 m4.4 m

Current Liabilities

1.6 b1.6 b1.9 b1.8 b1.4 b1.6 b1.1 b1.6 b1.9 b2 b2 b2.1 b2.3 b2.6 b

Long-term debt

722.6 m710.3 m1 b1.1 b1.3 b1.4 b1.4 b1.8 b2.2 b2.3 b2.1 b2.2 b2.2 b2.2 b

Total Debt

722.6 m710.3 m1 b1.1 b1.3 b1.4 b1.4 b1.8 b2.4 b2.4 b2.1 b2.2 b2.2 b2.2 b

Total Liabilities

2.7 b2.9 b3.6 b3.7 b3.4 b3.7 b3.2 b4.1 b4.8 b5.2 b5 b5.1 b5.3 b5.4 b

Common Stock

88 k92 k92 k92 k93 k93 k93 k94 k94 k94 k

Additional Paid-in Capital

659.7 m1.2 b1.5 b1.5 b1.6 b1.6 b1.6 b1.9 b1.9 b2 b2.3 b2.3 b2.3 b2.3 b

Retained Earnings

64.6 m64.7 m179.3 m233.8 m

Total Equity

1.6 b1.8 b2.1 b2.2 b1.8 b1.9 b1.9 b2 b2.2 b2.3 b2.5 b2.4 b2.7 b2.9 b

Debt to Equity Ratio

0.7 x

Debt to Assets Ratio

0.3 x

Financial Leverage

2.6 x2.6 x2.8 x2.7 x2.9 x3 x2.7 x3 x3.2 x3.3 x3 x3.2 x3 x2.8 x

PBF Energy Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

214.1 m78.3 m195.5 m225.5 m

Accounts Receivable

(92.9 m)45.4 m97.6 m(165.4 m)

Inventories

46 m(394 m)(271.9 m)236.6 m

Accounts Payable

42.2 m(67 m)(24.3 m)217.6 m

Cash From Operating Activities

291.3 m456.3 m560.4 m651.9 m

Purchases of PP&E

(318.4 m)(476.4 m)(354 m)(298.7 m)

Cash From Investing Activities

(313.3 m)(663.6 m)(812.1 m)(1.4 b)

Long-term Borrowings

Dividends Paid

(37.9 m)(88.6 m)(106.6 m)(117.5 m)

Cash From Financing Activities

(187 m)528.2 m798.1 m544 m

Interest Paid

92.8 m98.5 m100.4 m146.1 m

Income Taxes Paid

1.1 m65.5 m124 m3.8 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2017Q3, 2017Q1, 2018

Net Income

(64.9 m)183.3 m45.8 m170 m103.1 m(124.2 m)223 m41.8 m

Depreciation and Amortization

27.4 m33.2 m34.7 m68 m47.7 m134.6 m215.1 m88 m

Accounts Receivable

8.5 m(155.8 m)121.5 m

Inventories

(178.7 m)(349.2 m)(278.3 m)

Accounts Payable

(138.8 m)(102.5 m)31.9 m

Cash From Operating Activities

322.2 m

Purchases of PP&E

(220.4 m)(267.2 m)(24.9 m)

Cash From Investing Activities

(428.6 m)(609.9 m)(93.3 m)

Dividends Paid

(65.8 m)(98.7 m)(33.2 m)

Cash From Financing Activities

(109.9 m)(157.7 m)(31.3 m)

PBF Energy Ratios

USDY, 2018

EV/EBIT

69.2 x

Revenue/Employee

1.8 m

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.8 x
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