Overview Financials News + Filings IR Vault Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Refining | | | | 6,005.1 | 6,070.8 | 4,632.5 | 1,678.2 | 878.5 |
| Retail | | | | 1,871.4 | 1,877.8 | 1,859.4 | 1,592.3 | 1,421.5 |
| Corporate, Other and Eliminations | | | | 0.5 | 2.2 | | 0.8 | 7.5 |
| Other | | | | 829.8 | 775.9 | 706.3 | 484.3 | 359.2 |
| Total revenues | 4,197.9 | 4,782.0 | 7,019.2 | 8,706.8 | 8,726.7 | 7,198.2 | 3,755.6 | 2,666.7 |
| Revenue growth [+] | -12.2% | -31.9% | -19.4% | -0.2% | 21.2% | 91.7% | 40.8% | -43.5% |
| Refining | | | | -1.1% | 31.0% | 176.0% | 91.0% | -58.3% |
| Retail | | | | -0.3% | 1.0% | 16.8% | 12.0% | -24.6% |
| Corporate, Other and Eliminations | | | | -77.3% | | | -89.3% | 971.4% |
| Unit growth | | | 1.1% | -3.2% | | | | |
| Cost of goods sold [+] | 4,062.2 | 4,507.2 | 6,472.0 | 8,268.1 | 8,071.5 | 6,750.8 | 3,642.4 | 2,613.1 |
| Cost of product sales | 3,812.9 | 4,236.9 | 6,213.3 | 7,880.7 | 7,708.2 | 6,429.9 | 3,412.9 | 2,394.1 |
| Maintenance and operations costs | 249.3 | 270.3 | 258.7 | 387.4 | 363.3 | 320.9 | 229.5 | 219.0 |
| Gross profit | 135.7 | 274.8 | 547.2 | 438.7 | 655.2 | 447.4 | 113.2 | 53.6 |
| Gross margin | 3.2% | 5.7% | 7.8% | 5.0% | 7.5% | 6.2% | 3.0% | 2.0% |
| Selling, general and administrative [+] | 106.1 | 100.6 | 105.2 | 111.2 | 99.7 | 81.4 | 59.0 | 64.3 |
| General and administrative | | | | | | 81.4 | 59.0 | 64.3 |
| Equity in earnings | -43.4 | 2.0 | | | | | | |
| Other operating expenses | 4.8 | -0.5 | 0.1 | | -0.1 | 3.6 | -4.0 | -40.3 |
| EBITDA [+] | -18.6 | 176.7 | 441.9 | 327.5 | 555.6 | 362.4 | 58.2 | 29.6 |
| EBITDA growth | -110.5% | -60.0% | 34.9% | -41.1% | 53.3% | 522.7% | 96.6% | -74.9% |
| EBITDA margin | -0.4% | 3.7% | 6.3% | 3.8% | 6.4% | 5.0% | 1.5% | 1.1% |
| Depreciation | 116.4 | 106.0 | 83.2 | 89.8 | 82.5 | 70.8 | 59.7 | 52.4 |
| EBITA | -135.0 | 70.7 | 358.7 | 237.7 | 473.1 | 291.6 | -1.5 | -22.8 |
| EBITA margin | -3.2% | 1.5% | 5.1% | 2.7% | 5.4% | 4.1% | 0.0% | -0.9% |
| Amortization of intangibles | | | | | | 3.3 | 1.4 | |
| EBIT [+] | -135.0 | 70.7 | 358.7 | 237.7 | 473.1 | 288.3 | -2.9 | -22.8 |
| EBIT growth | -290.9% | -80.3% | 50.9% | -49.8% | 64.1% | -10041.4% | -87.3% | -129.8% |
| EBIT margin | -3.2% | 1.5% | 5.1% | 2.7% | 5.4% | 4.0% | -0.1% | -0.9% |
| Non-recurring items [+] | -42.4 | | | | | 2.2 | -12.1 | -54.2 |
| Asset impairment | | | | | | 2.2 | | 7.0 |
| Loss (gain) on sale of assets | | | | | | | 0.7 | 2.9 |
| Unusual expense | -42.4 | | | | | | -12.8 | -64.1 |
| Interest expense, net [+] | 52.9 | 51.0 | 32.7 | 37.4 | 45.5 | 51.2 | 34.1 | 25.4 |
| Interest expense | 54.4 | 52.1 | 33.5 | 37.7 | 45.7 | 51.2 | 34.1 | 25.5 |
| Interest income | 1.5 | 1.1 | 0.8 | 0.3 | 0.2 | | | 0.1 |
| Other income (expense), net [+] | -245.7 | 1.6 | 0.9 | 6.3 | | 12.9 | -60.0 | -0.6 |
| Impairment of equity method investments | 245.3 | | | | | | | |
| Other | -0.4 | 1.6 | 0.9 | -6.3 | | | 94.1 | 26.0 |
| Pre-tax income | -391.2 | 21.3 | 326.9 | 206.6 | 427.6 | 247.8 | -84.9 | 5.4 |
| Income taxes | -171.5 | -15.8 | 101.6 | 70.9 | 151.6 | 84.7 | -5.0 | 3.1 |
| Tax rate | 43.8% | | 31.1% | 34.3% | 35.5% | 34.2% | 5.9% | 57.4% |
| Minority interest | 20.3 | 24.3 | 27.4 | 18.0 | 3.2 | 4.8 | | |
| Earnings from continuing ops | -459.7 | 12.8 | 197.9 | 117.7 | 272.8 | 158.3 | -79.9 | 4.6 |
| Earnings from discontinued ops | 86.3 | 6.6 | 0.7 | | | | | -1.6 |
| Net income | -373.4 | 19.4 | 198.6 | 117.7 | 272.8 | 158.3 | -79.9 | 3.0 |
| Net margin | -8.9% | 0.4% | 2.8% | 1.4% | 3.1% | 2.2% | -2.1% | 0.1% |
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| Basic EPS [+] | ($7.42) | $0.21 | $3.37 | $1.99 | $4.65 | $2.80 | ($1.47) | $0.09 |
| Growth | -3627.5% | -93.7% | 69.3% | -57.2% | 65.9% | -290.1% | -1818.7% | -81.3% |
| Diluted EPS [+] | ($7.42) | $0.21 | $3.33 | $1.96 | $4.57 | $2.78 | ($1.47) | $0.08 |
| Growth | -3656.5% | -93.7% | 70.1% | -57.1% | 64.8% | -288.5% | -1844.0% | -81.3% |
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| Dividends per share [+] | $0.60 | $0.60 | $1.00 | $0.95 | $0.60 | $0.33 | $0.15 | $0.15 |
| Growth | 0.0% | -40.0% | 5.3% | 58.3% | 81.8% | 120.0% | 0.0% | |
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| Shares outstanding (basic) [+] | 61.9 | 60.8 | 58.8 | 59.2 | 58.7 | 56.5 | 54.3 | 53.7 |
| Growth | 1.8% | 3.5% | -0.7% | 0.8% | 3.8% | 4.2% | 1.1% | 0.0% |
| Shares outstanding (diluted) [+] | 61.9 | 61.3 | 59.4 | 60.0 | 59.6 | 57.0 | 54.3 | 54.5 |
| Growth | 1.0% | 3.3% | -1.2% | 0.7% | 4.6% | 5.1% | -0.4% | 0.2% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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