| Schedule of segment reporting information |
Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the three and six months ended June 30, 2021 and June 30, 2020 are presented below. In connection with certain contributions by PBF LLC to PBFX, the accompanying segment information is retrospectively adjusted to include the historical results of those assets in the Logistics segment for all periods presented prior to such contributions, as applicable. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2021 | PBF Energy - (in millions) | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 6,883.2 | | | $ | 89.8 | | | $ | — | | | $ | (75.1) | | | $ | 6,897.9 | | | Depreciation and amortization expense | 102.3 | | | 9.3 | | | 3.3 | | | — | | | 114.9 | | | Income (loss) from operations | 146.8 | | | 47.8 | | | (47.1) | | | — | | | 147.5 | | | Interest expense, net | 1.7 | | | 10.7 | | | 68.4 | | | — | | | 80.8 | | | Capital expenditures | 75.2 | | | 2.2 | | | 1.7 | | | — | | | 79.1 | | | | | | | | | | | | | Three Months Ended June 30, 2020 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 2,499.1 | | | $ | 89.2 | | | $ | — | | | $ | (72.5) | | | $ | 2,515.8 | | | Depreciation and amortization expense | 111.1 | | | 11.2 | | | 2.8 | | | — | | | 125.1 | | | Income (loss) from operations | 614.6 | | | 50.1 | | | (43.9) | | | — | | | 620.8 | | | Interest expense, net | 0.7 | | | 12.7 | | | 52.1 | | | — | | | 65.5 | | | Capital expenditures | 143.8 | | | 1.8 | | | 2.2 | | | — | | | 147.8 | | | | | | | | | | | | | Six Months Ended June 30, 2021 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 11,796.4 | | | $ | 177.3 | | | $ | — | | | $ | (151.0) | | | $ | 11,822.7 | | | Depreciation and amortization expense | 207.0 | | | 18.7 | | | 6.7 | | | — | | | 232.4 | | | Income (loss) from operations | 232.7 | | | 95.7 | | | (123.2) | | | — | | | 205.2 | | | Interest expense, net | 3.5 | | | 21.4 | | | 136.2 | | | — | | | 161.1 | | | Capital expenditures | 133.3 | | | 3.5 | | | 2.8 | | | — | | | 139.6 | | | | | | | | | | | | | Six Months Ended June 30, 2020 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 7,759.1 | | | $ | 182.2 | | | $ | — | | | $ | (148.0) | | | $ | 7,793.3 | | | Depreciation and amortization expense | 216.5 | | | 22.5 | | | 5.7 | | | — | | | 244.7 | | | Income (loss) from operations | (771.8) | | | 97.8 | | | (72.0) | | | — | | | (746.0) | | | Interest expense, net | 1.5 | | | 25.5 | | | 87.7 | | | — | | | 114.7 | | | Capital expenditures (1) | 1,447.9 | | | 7.9 | | | 7.2 | | | — | | | 1,463.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at June 30, 2021 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Total assets | $ | 10,741.4 | | | $ | 918.7 | | | $ | 54.4 | | | $ | (60.3) | | | $ | 11,654.2 | | | | | | | | | | | | | Balance at December 31, 2020 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Total assets | $ | 9,565.0 | | | $ | 933.6 | | | $ | 54.4 | | | $ | (53.2) | | | $ | 10,499.8 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2021 | PBF LLC - (in millions) | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 6,883.2 | | | $ | 89.8 | | | $ | — | | | $ | (75.1) | | | $ | 6,897.9 | | | Depreciation and amortization expense | 102.3 | | | 9.3 | | | 3.3 | | | — | | | 114.9 | | | Income (loss) from operations | 146.8 | | | 47.8 | | | (46.2) | | | — | | | 148.4 | | | Interest expense, net | 1.7 | | | 10.7 | | | 70.8 | | | — | | | 83.2 | | | Capital expenditures | 75.2 | | | 2.2 | | | 1.7 | | | — | | | 79.1 | | | | | | | | | | | | | Three Months Ended June 30, 2020 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 2,499.1 | | | $ | 89.2 | | | $ | — | | | $ | (72.5) | | | $ | 2,515.8 | | | Depreciation and amortization expense | 111.1 | | | 11.2 | | | 2.8 | | | — | | | 125.1 | | | Income (loss) from operations | 614.6 | | | 50.1 | | | (43.6) | | | — | | | 621.1 | | | Interest expense, net | 0.7 | | | 12.7 | | | 54.7 | | | — | | | 68.1 | | | Capital expenditures | 143.8 | | | 1.8 | | | 2.2 | | | — | | | 147.8 | | | | | | | | | | | | | Six Months Ended June 30, 2021 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 11,796.4 | | | $ | 177.3 | | | $ | — | | | $ | (151.0) | | | $ | 11,822.7 | | | Depreciation and amortization expense | 207.0 | | | 18.7 | | | 6.7 | | | — | | | 232.4 | | | Income (loss) from operations | 232.7 | | | 95.7 | | | (122.0) | | | — | | | 206.4 | | | Interest expense, net | 3.5 | | | 21.4 | | | 141.2 | | | — | | | 166.1 | | | Capital expenditures | 133.3 | | | 3.5 | | | 2.8 | | | — | | | 139.6 | | | | | | | | | | | | | Six Months Ended June 30, 2020 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 7,759.1 | | | $ | 182.2 | | | $ | — | | | $ | (148.0) | | | $ | 7,793.3 | | | Depreciation and amortization expense | 216.5 | | | 22.5 | | | 5.7 | | | — | | | 244.7 | | | Income (loss) from operations | (771.8) | | | 97.8 | | | (71.7) | | | — | | | (745.7) | | | Interest expense, net | 1.5 | | | 25.5 | | | 92.8 | | | — | | | 119.8 | | | Capital expenditures (1) | 1,447.9 | | | 7.9 | | | 7.2 | | | — | | | 1,463.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at June 30, 2021 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Total assets | $ | 10,741.4 | | | $ | 918.7 | | | $ | 52.2 | | | $ | (60.3) | | | $ | 11,652.0 | | | | | | | | | | | | | Balance at December 31, 2020 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Total assets | $ | 9,565.0 | | | $ | 933.6 | | | $ | 52.3 | | | $ | (53.2) | | | $ | 10,497.7 | |
_____________________________ (1) The Refining segment includes capital expenditures of $1,176.2 million for the acquisition of the Martinez refinery in the first quarter of 2020.
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