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Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information
Quarterly Information (Unaudited)

 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Year
 
 
(In thousands, except per share data)
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
Sales and other revenues
 
$
3,006,626

 
$
3,701,912

 
$
3,585,823

 
$
2,943,559

 
$
13,237,920

Operating costs and expenses
 
$
2,618,004

 
$
3,112,080

 
$
3,263,218

 
$
3,000,265

 
$
11,993,567

Income (loss) from operations (1)
 
$
388,622

 
$
589,832

 
$
322,605

 
$
(56,706
)
 
$
1,244,353

Income (loss) before income taxes
 
$
372,389

 
$
580,177

 
$
320,673

 
$
(64,671
)
 
$
1,208,568

Net income (loss) attributable to HollyFrontier stockholders
 
$
226,876

 
$
360,824

 
$
196,322

 
$
(43,921
)
 
$
740,101

Net income (loss) per share attributable to HollyFrontier stockholders - basic
 
$
1.16

 
$
1.88

 
$
1.05

 
$
(0.24
)
 
$
3.91

Net income (loss) per share attributable to HollyFrontier stockholders - diluted
 
$
1.16

 
$
1.88

 
$
1.04

 
$
(0.24
)
 
$
3.90

Dividends per common share
 
$
0.32

 
$
0.33

 
$
0.33

 
$
0.33

 
$
1.31

Average number of shares of common stock outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
195,069

 
191,355

 
187,208

 
181,460

 
188,731

Diluted
 
195,121

 
191,454

 
187,344

 
181,460

 
188,940

 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
Sales and other revenues
 
$
4,791,053

 
$
5,372,600

 
$
5,317,555

 
$
4,283,119

 
$
19,764,327

Operating costs and expenses
 
$
4,520,057

 
$
5,076,255

 
$
5,014,944

 
$
4,637,537

 
$
19,248,793

Income from operations (2)
 
$
270,996

 
$
296,345

 
$
302,611

 
$
(354,418
)
 
$
515,534

Income before income taxes
 
$
251,576

 
$
286,485

 
$
290,774

 
$
(361,335
)
 
$
467,500

Net income attributable to HollyFrontier stockholders
 
$
152,061

 
$
176,429

 
$
175,006

 
$
(222,204
)
 
$
281,292

Net income per share attributable to HollyFrontier stockholders - basic
 
$
0.76

 
$
0.89

 
$
0.88

 
$
(1.13
)
 
$
1.42

Net income per share attributable to HollyFrontier stockholders - diluted
 
$
0.76

 
$
0.89

 
$
0.88

 
$
(1.13
)
 
$
1.42

Dividends per common share
 
$
0.80

 
$
0.82

 
$
0.82

 
$
0.82

 
$
3.26

Average number of shares of common stock outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
198,297

 
198,139

 
197,261

 
195,310

 
197,243

Diluted
 
198,924

 
198,380

 
197,535

 
195,310

 
197,428


(1) For 2015, income from operations reflects non-cash lower of cost or market inventory valuation reductions of $6.5 million and $135.5 million for the first and second quarters, respectively, and charges of $225.5 million and $143.6 million for the third and fourth quarters, respectively.

(2) Loss from operations for the fourth quarter of 2014 reflects a non-cash lower of cost or market inventory valuation charge of $397.5 million.