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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents (HEP: $15,013 and $2,830, respectively) $ 66,533 $ 567,985
Marketable securities 144,019 474,110
Total cash, cash equivalents and short-term marketable securities 210,552 1,042,095
Accounts receivable: Product and transportation (HEP: $41,075 and $40,129, respectively) 323,858 507,040
Crude oil resales 28,120 82,865
Accounts receivable, total 351,978 589,905
Crude oil and refined products 712,865 920,104
Materials, supplies and other (HEP: $1,972 and $1,940, respectively) 129,004 115,027
Total inventory 841,869 1,035,131
Income taxes receivable 0 11,719
Prepayments and other (HEP: $3,082 and $2,443, respectively) 43,666 104,148
Total current assets 1,448,065 2,782,998
Properties, plants and equipment, at cost (HEP: $1,388,655 and $1,307,280, respectively) 5,490,189 4,852,441
Less accumulated depreciation (HEP: ($298,282) and $(244,850), respectively) (1,374,527) (1,181,902)
Property, plant and equipment, net 4,115,662 3,670,539
Other assets: Turnaround costs 231,873 257,153
Goodwill (HEP: $288,991 and $288,991, respectively) 2,331,781 2,331,781
Intangibles and other (HEP: $128,583 and $73,335, respectively) 260,918 187,576
Other assets, total 2,824,572 2,776,510
Total assets 8,388,299 9,230,047
Current liabilities:    
Accounts payable (HEP: $22,583 and $21,623, respectively) 716,490 1,108,138
Income taxes payable 8,142 19,642
Accrued liabilities (HEP: $26,341 and $26,321, respectively) 135,983 106,214
Total current liabilities 860,615 1,233,994
Long-term debt (HEP: $1,008,752 and $866,986, respectively) 1,040,040 1,054,297
Deferred income taxes (HEP: $431 and $367, respectively) 497,906 664,279
Other long-term liabilities (HEP: $59,306 and $47,170, respectively) 179,965 176,758
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 December 31, 2015 and December 31, 2014 2,560 2,560
Additional capital 4,011,052 4,003,628
Retained earnings 3,271,189 2,778,577
Accumulated other comprehensive income (loss) (4,155) 27,894
Common stock held in treasury, at cost – 75,728,478 and 59,876,776 shares as of December 31, 2015 and December 31, 2014, respectively (2,027,231) (1,289,075)
Total HollyFrontier stockholders’ equity 5,253,415 5,523,584
Noncontrolling interest 556,358 577,135
Total equity 5,809,773 6,100,719
Total liabilities and equity 8,388,299 9,230,047
HEP    
Current assets:    
Cash and cash equivalents (HEP: $15,013 and $2,830, respectively) 15,013 2,830
Accounts receivable: Product and transportation (HEP: $41,075 and $40,129, respectively) 41,075 40,129
Materials, supplies and other (HEP: $1,972 and $1,940, respectively) 1,972 1,940
Prepayments and other (HEP: $3,082 and $2,443, respectively) 3,082 2,443
Properties, plants and equipment, at cost (HEP: $1,388,655 and $1,307,280, respectively) 1,388,655 1,307,280
Less accumulated depreciation (HEP: ($298,282) and $(244,850), respectively) (298,282) (244,850)
Goodwill (HEP: $288,991 and $288,991, respectively) 288,991 288,991
Intangibles and other (HEP: $128,583 and $73,335, respectively) 128,583 73,335
Current liabilities:    
Accounts payable (HEP: $22,583 and $21,623, respectively) 22,583 21,623
Accrued liabilities (HEP: $26,341 and $26,321, respectively) 26,341 26,321
Long-term debt (HEP: $1,008,752 and $866,986, respectively) 1,008,752 866,986
Deferred income taxes (HEP: $431 and $367, respectively) 431 367
Other long-term liabilities (HEP: $59,306 and $47,170, respectively) $ 59,306 $ 47,170