PBFX · Pbf Logistics LP - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $355.54M | $360.25M | $257.59M | $283.44M | $254.81M | $187.34M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $18.73M | $18.75M | $24.52M | $21.37M | $16.28M | $16.96M |
| Total Operating Expenses | $160.17M | $164.92M | $180.94M | $139.57M | $106.60M | $75.28M |
| D&A | $37.80M | $53.71M | $38.60M | $29.81M | $23.83M | $14.16M |
| Operating Income | $195.36M | $195.34M | $159.27M | $143.87M | $148.22M | $112.06M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - |
| Net Income | $153.29M | $147.43M | $108.17M | $100.84M | $114.85M | $81.62M |
| EPS - Basic | $2.44 | $2.36 | $1.73 | - | - | - |
| EPS - Diluted | $2.44 | $2.36 | $1.73 | - | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $33.90M | $36.28M | $34.97M | $19.91M | $19.66M | $64.22M |
| Accounts Receivable | $5.55M | $11.38M | $7.35M | $7.51M | $1.42M | $4.29M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $5.39M | $4.60M | $10.22M | - | - | - |
| Current Assets | $104.65M | $103.48M | $94.20M | $69.07M | $63.70M | $148.06M |
| Total Assets | $901.30M | $933.55M | $973.00M | $956.35M | $737.55M | $748.13M |
| Current Liabilities | $28.67M | $43.88M | $47.71M | $65.98M | $29.58M | $66.62M |
| Long-term Debt | $622.54M | $720.85M | $802.10M | $673.32M | $548.79M | $532.01M |
| Total Liabilities | $652.60M | $766.34M | $867.92M | $763.16M | $580.46M | $601.79M |
| Stockholders' Equity | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $187.77M | $186.64M | $138.18M | $133.14M | $142.44M | $99.62M |
| Investing Cash Flow | ($1.41M) | ($12.31M) | ($50.23M) | ($175.70M) | ($49.52M) | $79.56M |
| Financing Cash Flow | ($188.74M) | ($173.02M) | ($132.50M) | $42.80M | ($137.49M) | ($133.64M) |
| CapEx | $8.62M | $12.31M | $31.75M | $42.35M | $79.44M | $16.31M |
| Free Cash Flow | $179.15M | $174.33M | $106.44M | $90.79M | $63.00M | $83.31M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 54.9% | 54.2% | 61.8% | 50.8% | 58.2% | 59.8% |
| EBITDA margin | 65.6% | 69.1% | 76.8% | 61.3% | 67.5% | 67.4% |
| Net margin | 43.1% | 40.9% | 42.0% | 35.6% | 45.1% | 43.6% |
| Free cash flow margin | 50.4% | 48.4% | 41.3% | 32.0% | 24.7% | 44.5% |
| FCF / Net income | 1.17 | 1.18 | 0.98 | 0.90 | 0.55 | 1.02 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 5.3% | 5.2% | 9.5% | 7.5% | 6.4% | 9.1% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 17.0% | 15.8% | 11.1% | 10.5% | 15.6% | 10.9% |
| Return on equity | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 3.65 | 2.36 | 1.97 | 1.05 | 2.15 | 2.22 |
| Quick ratio | 3.65 | 2.36 | 1.97 | 1.05 | 2.15 | 2.22 |
| Cash ratio | 1.18 | 0.83 | 0.73 | 0.30 | 0.66 | 0.96 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | 0.69 | 0.77 | 0.82 | 0.70 | 0.74 | 0.71 |
| Debt / EBITDA | 2.67 | 2.89 | 4.05 | 3.88 | 3.19 | 4.22 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | - | - | - | - | - | - |
| Liabilities / Assets | 0.72 | 0.82 | 0.89 | 0.80 | 0.79 | 0.80 |
| Efficiency | ||||||
| Asset turnover | 0.39 | 0.39 | 0.26 | 0.30 | 0.35 | 0.25 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 6d | 12d | 10d | 10d | 2d | 8d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -1.3% | 39.9% | -9.1% | 11.2% | 36.0% | 31.8% |
| Revenue CAGR (3y) | 7.8% | 12.2% | 11.2% | 25.9% | 226.8% | - |
| Revenue CAGR (5y) | 13.7% | 20.4% | 103.9% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 0.0% | 22.6% | 10.7% | -2.9% | 32.3% | 16.3% |
| Net income growth (YoY) | 4.0% | 36.3% | 7.3% | -12.2% | 40.7% | 8.7% |
| EPS growth (YoY) | 3.4% | 36.4% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 2.8% | 63.8% | 17.2% | 44.1% | -24.4% | 8.9% |
| FCF CAGR (5y) | 16.5% | 17.9% | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$355.54M totalTransportation And Terminaling Segment$284.82M · 80.1%
Storage Segment$70.72M · 19.9%
Product / service
$341.08M totalTerminaling Service$155.83M · 45.7%
Pipeline Service$83.37M · 24.4%
Storage Service$56.26M · 16.5%
Other Services$45.61M · 13.4%
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- -No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Pipe Lines (No Natural Gas)
Comparing PBF Logistics LP against the 5 most active filers in the same SIC group.