XML 52 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents (HEP: $1,993 and $6,369, respectively) $ 2,057,408,000 $ 1,578,904,000
Marketable securities 280,409,000 211,639,000
Accounts receivable: Product and transportation (HEP: $42,832 and $37,290, respectively) 734,662,000 703,691,000
Crude oil resales 2,212,000 5,166,000
Accounts receivable, total 736,874,000 708,857,000
Inventories: Crude oil and refined products 1,406,147,000 1,052,084,000
Materials and supplies (HEP: $1,233 and $1,483, respectively) 79,303,000 62,535,000
Inventories, total 1,485,450,000 1,114,619,000
Income taxes receivable 40,548,000 87,277,000
Prepayments and other (HEP: $3,080 and $2,246, respectively) 31,232,000 219,450,000
Total current assets 4,631,921,000 3,920,746,000
Properties, plants and equipment, at cost (HEP: $1,122,334 and $1,099,579, respectively) 3,823,731,000 3,631,787,000
Less accumulated depreciation (HEP: $(127,408) and $(93,200), respectively) (703,799,000) (578,882,000)
Property, plant and equipment, net 3,119,932,000 3,052,905,000
Marketable securities (long-term) 5,519,000 50,067,000
Other assets: Turnaround costs 83,585,000 57,060,000
Goodwill (HEP: $288,991 and $288,991, respectively) 2,338,302,000 2,336,510,000
Intangibles and other (HEP: $76,096 and $75,902, respectively) 166,677,000 158,955,000
Other assets, total 2,588,564,000 2,552,525,000
Total assets 10,345,936,000 9,576,243,000
Current liabilities:    
Accounts payable (HEP: $11,303 and $21,709, respectively) 1,530,714,000 1,504,694,000
Income taxes payable 150,899,000 40,366,000
Accrued liabilities (HEP: $19,315 and $16,006, respectively) 219,980,000 169,940,000
Deferred income tax liabilities 175,567,000 175,683,000
Total current liabilities 2,077,160,000 1,890,683,000
Long-term debt (HEP: $874,434 and $598,761, respectively) 1,346,227,000 1,214,742,000
Deferred income taxes 399,205,000 463,721,000
Other long-term liabilities (HEP: $7,574 and $4,000, respectively) 163,848,000 171,197,000
HollyFrontier stockholders' equity:    
Preferred stock, $1.00 par value - 5,000,000 shares authorized; none issued 0 0
Common stock $.01 par value - 320,000,000 shares authorized; 255,962,866 shares issued as of June 30, 2012 and December 31, 2011 2,560,000 2,563,000
Additional capital 3,904,379,000 3,859,367,000
Retained earnings 2,806,117,000 1,964,656,000
Accumulated other comprehensive income (loss) (62,521,000) 77,873,000
Common stock held in treasury, at cost - 52,417,146 and 46,630,220 shares as of September 30, 2012 and December 31, 2011, respectively (886,259,000) (700,449,000)
Total HollyFrontier stockholders' equity 5,764,276,000 5,204,010,000
Noncontrolling interest 595,220,000 631,890,000
Total equity 6,359,496,000 5,835,900,000
Total liabilities and equity 10,345,936,000 9,576,243,000
HEP [Member]
   
Current assets:    
Cash and cash equivalents (HEP: $1,993 and $6,369, respectively) 1,993,000 6,369,000
Accounts receivable: Product and transportation (HEP: $42,832 and $37,290, respectively) 42,832,000 37,290,000
Materials and supplies (HEP: $1,233 and $1,483, respectively) 1,233,000 1,483,000
Prepayments and other (HEP: $3,080 and $2,246, respectively) 3,080,000 2,246,000
Properties, plants and equipment, at cost (HEP: $1,122,334 and $1,099,579, respectively) 1,122,334,000 1,099,579,000
Less accumulated depreciation (HEP: $(127,408) and $(93,200), respectively) (127,408,000) (93,200,000)
Goodwill (HEP: $288,991 and $288,991, respectively) 288,991,000 288,991,000
Intangibles and other (HEP: $76,096 and $75,902, respectively) 76,096,000 75,902,000
Total assets 1,409,151,000 [1] 1,418,660,000 [1]
Current liabilities:    
Accounts payable (HEP: $11,303 and $21,709, respectively) 11,303,000 21,709,000
Accrued liabilities (HEP: $19,315 and $16,006, respectively) 19,315,000 16,006,000
Long-term debt (HEP: $874,434 and $598,761, respectively) 874,434,000 598,761,000
Other long-term liabilities (HEP: $7,574 and $4,000, respectively) $ 7,574,000 $ 4,000,000
[1] HEP acquired our 75% interest in UNEV in July 2012. As a result, we have recast our HEP segment information to include the UNEV Pipeline operations as a consolidated subsidiary of HEP for all periods presented. For the three and nine months ended September 30, 2012, UNEV Pipeline revenues were $3.0 million and $10.8 million, respectively. The UNEV Pipeline was previously presented under Corporate and Other.