Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, Net

v3.6.0.2
Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment, Net [Abstract]  
Property, Plant and Equipment, Net
Property, Plant and Equipment, Net
Property, plant and equipment, net consisted of the following:
 
As of December 31,
 
2016
 
2015
Refining facilities
$
2,005,015

 
$
1,915,924

Pipelines and terminals
43,538

 
43,443

Retail
214,596

 
209,921

Other
26,657

 
23,377

Property, plant and equipment, gross
2,289,806

 
2,192,665

Accumulated depreciation
(922,911
)
 
(812,463
)
Property, plant and equipment, net
$
1,366,895

 
$
1,380,202


Depreciation expense for the years ended December 31, 2016, 2015 and 2014 was $111,863, $103,358 and $106,623, respectively.
Acquisition of Assets
In March 2016, we acquired control of the California renewable fuels facility, as discussed in Note 3. Property, plant and equipment related to our California renewable fuels facility is included in refining facilities in the table above.
In August 2015, we acquired 14 retail stores in the Albuquerque, New Mexico area, which increased our Retail property, plant and equipment balance by $10,210.
Disposition of Assets
In January 2014, we sold our Willbridge, Oregon asphalt terminal for $40,000. The terminal was included in our asphalt segment and allocated goodwill of $4,030. For the year ended December 31, 2014, a pre-tax gain of $1,943 was recognized and has been included in gain on disposition of assets in our consolidated statements of operations.