Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Provision For Income Taxes

The provision for income taxes is comprised of the following:

	Years Ended December 31,
	2013		2012		2011
	(In thousands)
Current
Federal	$	270,024	$	797,406	$	499,535
State	7,148		135,148		91,316
Deferred
Federal	94,896		70,671		(9,679		)
State	19,508		24,737		819
	$	391,576	$	1,027,962	$	581,991

Reconciliation Of Effective Tax Rate

The statutory federal income tax rate applied to pre-tax book income reconciles to income tax expense as follows:

	Years Ended December 31,
	2013			2012			2011
	(In thousands)
Tax computed at statutory rate	$	405,790		$	975,798		$	574,682
State income taxes, net of federal tax benefit	21,363			110,739			64,284
Domestic production activities deduction	(22,101		)	(54,745		)	(32,194		)
Noncontrolling interest in net income	(12,378		)	(12,783		)	(14,221		)
Uncertain tax positions	(193		)	7,309			(12,125		)
Other	(905		)	1,644			1,565
	$	391,576		$	1,027,962		$	581,991

Deferred Tax Assets And Liabilities

Our deferred income tax assets and liabilities as of December 31, 2013 and 2012 are as follows:

	December 31, 2013
	Assets		Liabilities			Total
	(In thousands)
Deferred income taxes
Accrued employee benefits	$	3,138	$	—		$	3,138
Accrued environmental costs	5,010		—			5,010
Hedging instruments	12,417		—			12,417
Inventory differences	—		(235,823		)	(235,823		)
Prepaid insurance	—		(7,222		)	(7,222		)
Prepayments and other	—		(1,519		)	(1,519		)
Total current	20,565		(244,564		)	(223,999		)
Properties, plants and equipment (due primarily to tax in excess of book depreciation)	—		(578,958		)	(578,958		)
Accrued employee benefits	41,997		—			41,997
Accrued post-retirement benefits	—		(8,071		)	(8,071		)
Accrued environmental costs	20,431		—			20,431
Hedging instruments	3,744		—			3,744
Deferred turnaround costs	—		(101,158		)	(101,158		)
Net operating loss and tax credit carryforwards	24,086		—			24,086
Investment in HEP	—		(29,771		)	(29,771		)
Other	10,858		—			10,858
Total noncurrent	101,116		(717,958		)	(616,842		)
Total	$	121,681	$	(962,522	)	$	(840,841	)

	December 31, 2012
	Assets		Liabilities			Total
	(In thousands)
Deferred income taxes
Accrued employee benefits	$	13,285	$	—		$	13,285
Accrued post-retirement benefits	—		(563		)	(563		)
Accrued environmental costs	5,096		—			5,096
Hedging instruments	23,927		—			23,927
Inventory differences	—		(181,634		)	(181,634		)
Prepayments and other	—		(5,327		)	(5,327		)
Total current	42,308		(187,524		)	(145,216		)
Properties, plants and equipment (due primarily to tax in excess of book depreciation)	—		(536,430		)	(536,430		)
Accrued post-retirement benefits	15,628		—			15,628
Accrued environmental costs	18,963		—			18,963
Hedging instruments	3,802		—			3,802
Deferred turnaround costs	—		(60,167		)	(60,167		)
Net operating loss and tax credit carryforwards	21,863		—			21,863
Investment in HEP	—		(15,915		)	(15,915		)
Debt fair value premium	8,820		—			8,820
Other	6,766		—			6,766
Total noncurrent	75,842		(612,512		)	(536,670		)
Total	$	118,150	$	(800,036	)	$	(681,886	)

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	Years Ended December 31,
	2013			2012			2011
	(In thousands)
Balance at January 1	$	12,641		$	2,425		$	1,864
Additions due to merger with Frontier	—			—			22,577
Additions for tax positions of prior years	25,728			10,305			73
Reductions for tax positions of prior years	(5,092		)	(89		)	(204		)
Settlements	(24,271		)	—			(21,679		)
Reductions for statute limitations	—			—			(206		)
Balance at December 31	$	9,006		$	12,641		$	2,425