PBF Energy Inc. (PBF) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
PBF LLC	27,253.4	15,115.9	24,508.2	27,186.1	21,786.6	15,920.4
Refining Group	27,202.0	15,045.0	24,468.9	27,162.1	21,769.7	15,906.9	13,123.9	19,828.2
PBF Logistics LP					257.6	189.0	142.1	59.4
Logistics Group	355.5	360.3	340.2	283.4	257.6	189.0
Total revenues	27,253.4	15,115.9	24,508.2	27,186.1	21,786.6	15,920.4	13,123.9	19,828.2
Revenue growth [+]	80.3%	-38.3%	-9.9%	24.8%	36.8%	21.3%	-33.8%	3.5%
PBF LLC	80.3%	-38.3%	-9.9%	24.8%	36.8%
Refining Group	80.8%	-38.5%	-9.9%	24.8%	36.9%	21.2%	-33.8%	3.5%
PBF Logistics LP					36.3%	33.0%	139.2%	597.8%
Logistics Group	-1.3%	5.9%	20.0%	10.0%	36.3%
Cost of goods sold [+]	26,366.2	16,745.6	23,595.1	26,583.5	20,826.0	15,237.4	12,573.9	18,797.4
Cost of product sales					18,863.6	13,598.3	11,481.6
Depreciation and amortization	453.5	551.7	425.3	359.1	278.0	216.3	187.7
Gross profit	887.2	-1,629.7	913.1	602.6	960.6	683.0	550.1	1,030.8
Gross margin	3.3%	-10.8%	3.7%	2.2%	4.4%	4.3%	4.2%	5.2%
Selling, general and administrative [+]	247.3	248.5	284.0	277.0	214.5	166.3	181.3	146.7
General and administrative	247.3	248.5	284.0	277.0	214.5	166.3	181.3	146.7
Other operating expenses								736.5
EBITDA [+]	1,110.4	-1,308.4	1,065.8	693.6	1,033.0	743.8	566.1	335.9
EBITDA growth	-184.9%	-222.8%	53.7%	-32.9%	38.9%	31.4%	68.5%	-24.8%
EBITDA margin	4.1%	-8.7%	4.3%	2.6%	4.7%	4.7%	4.3%	1.7%
Depreciation and amortization	483.8	581.1	447.5	378.6	299.9	232.9	207.0	188.2
EBIT [+]	626.6	-1,889.5	618.3	315.0	733.1	510.8	359.1	147.7
EBIT growth	-133.2%	-405.6%	96.3%	-57.0%	43.5%	42.3%	143.2%	-55.0%
EBIT margin	2.3%	-12.5%	2.5%	1.2%	3.4%	3.2%	2.7%	0.7%
Non-recurring items [+]	29.4	-472.7	-30.7	-43.1	1.5	11.4	-1.0
Loss (gain) on sale of assets	-3.0	-477.8	-29.9	-43.1	1.5	11.4	-1.0	-0.9
Interest expense	317.5	258.2	159.6	169.9	154.4	150.0	106.2	98.8
Interest expense	317.5	258.2	159.6	169.9	154.4	150.0	106.2	98.8
Other income (expense), net [+]	47.9	343.8	-9.9	20.6	221.8	13.8	28.3	7.0
Gain (loss) on sale of assets								-0.9
Gain (loss) on debt retirement	79.9	-22.2			-25.5
Pre-tax income	327.6	-1,331.2	479.5	208.8	799.0	363.2	282.3	55.9
Income taxes	12.1	2.1	104.3	33.5	315.6	137.7	86.7	-22.4
Tax rate	3.7%		21.8%	16.0%	39.5%	37.9%	30.7%
Minority interest	84.5	59.1	55.8	47.0	67.8	54.7	49.1	116.5
Net income	231.0	-1,392.4	319.4	128.3	415.6	170.8	146.4	-38.2
Net margin	0.8%	-9.2%	1.3%	0.5%	1.9%	1.1%	1.1%	-0.2%

Basic EPS [+]	$1.92	($11.64)	$2.66	$1.11	$3.79	$1.74	$1.66	($0.51)
Growth	-116.5%	-536.9%	139.2%	-70.6%	117.9%	4.5%	-423.6%	-142.2%
Diluted EPS [+]	$1.88	($11.54)	$2.62	$1.08	$3.65	$1.65	$1.56	($0.51)
Growth	-116.3%	-540.3%	142.7%	-70.4%	121.3%	6.0%	-402.9%	-142.9%

Dividends per share [+]		$0.30	$1.22	$1.22	$1.24	$1.42	$1.20	$1.20
Growth	-100.0%	-75.2%	-0.1%	-1.3%	-12.5%	18.2%	0.0%	0.0%

Shares outstanding (basic) [+]	120.2	119.6	119.9	115.2	109.8	98.3	88.1	74.5
Growth	0.5%	-0.2%	4.1%	4.9%	11.6%	11.6%	18.3%	129.2%
Shares outstanding (diluted) [+]	122.6	120.7	121.9	118.8	113.9	103.6	94.1	74.5
Growth	1.6%	-1.0%	2.6%	4.3%	9.9%	10.1%	26.4%	125.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.