Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

Our operations are organized into two reportable segments, Refining and HEP. Our operations that are not included in the Refining and HEP segments are included in Corporate and Other. Intersegment transactions are eliminated in our consolidated financial statements and are included in Consolidations and Eliminations.

The Refining segment represents the operations of the El Dorado, Tulsa, Navajo, Cheyenne and Woods Cross Refineries and HFC Asphalt (aggregated as a reportable segment). Refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products, such as gasoline, diesel fuel and jet fuel. These petroleum products are primarily marketed in the Mid-Continent, Southwest and Rocky Mountain regions of the United States. Additionally, the Refining segment includes specialty lubricant products produced at our Tulsa Refineries that are marketed throughout North America and are distributed in Central and South America. HFC Asphalt operates various asphalt terminals in Arizona, New Mexico and Oklahoma.

The HEP segment includes all of the operations of HEP, which owns and operates logistics and refinery assets consisting of petroleum product and crude oil pipelines, terminals, tankage, loading rack facilities and processing units in the Mid-Continent, Southwest and Rocky Mountain regions of the United States. The HEP segment also includes a 75% ownership interest in UNEV (a consolidated subsidiary of HEP) and a 50% and 25% ownership interest in the Frontier Pipeline and the SLC Pipeline, respectively. Revenues from the HEP segment are earned through transactions with unaffiliated parties for pipeline transportation, rental and terminalling operations as well as revenues relating to pipeline transportation services provided for our refining operations. Due to certain basis differences, our reported amounts for the HEP segment may not agree to amounts reported in HEP’s periodic public filings.

The accounting policies for our segments are the same as those described in the summary of significant accounting policies (see Note 1).

	Refining		HEP (1)		Corporate and Other			Consolidations and Eliminations			Consolidated Total
	(In thousands)
Year Ended December 31, 2015
Sales and other revenues	$	13,171,183	$	358,875	$	663		$	(292,801	)	$	13,237,920
Depreciation and amortization	$	273,799	$	61,236	$	11,944		$	(828	)	$	346,151
Income (loss) from operations	$	1,187,875	$	181,778	$	(123,004	)	$	(2,296	)	$	1,244,353
Capital expenditures	$	567,616	$	94,516	$	14,023		$	—		$	676,155
Total assets	$	6,840,545	$	1,569,089	$	289,225		$	(310,560	)	$	8,388,299
Year Ended December 31, 2014
Sales and other revenues	$	19,706,225	$	332,626	$	2,103		$	(276,627	)	$	19,764,327
Depreciation and amortization	$	293,871	$	60,548	$	9,790		$	(828	)	$	363,381
Income (loss) from operations	$	491,106	$	156,453	$	(129,874	)	$	(2,151	)	$	515,534
Capital expenditures	$	435,598	$	109,693	$	19,530		$	—		$	564,821
Total assets	$	6,927,126	$	1,472,098	$	1,150,865		$	(320,042	)	$	9,230,047
Year Ended December 31, 2013
Sales and other revenues	$	20,105,443	$	307,053	$	1,314		$	(253,250	)	$	20,160,560
Depreciation and amortization	$	233,182	$	64,701	$	6,391		$	(828	)	$	303,446
Income (loss) from operations	$	1,237,687	$	133,522	$	(123,030	)	$	(2,105	)	$	1,246,074
Capital expenditures	$	339,356	$	56,613	$	29,158		$	—		$	425,127
Total assets	$	7,094,558	$	1,412,931	$	1,881,121		$	(332,847	)	$	10,055,763

(1) HEP acquired newly constructed naphtha fractionation and hydrogen generation units at our El Dorado Refinery in November 2015. As a result, we have recast our HEP segment information to include these assets and related capital expenditures that were previously presented under the Refining segment.

HEP segment revenues from external customers were $66.7 million, $57.3 million and $53.4 million for the years ended December 31, 2015, 2014 and 2013, respectively.