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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 802,508 $ 326,328 $ 767,823
Adjustments to reconcile net income to net cash provided by operating activities:      
Lower of cost or market inventory valuation adjustment 226,979 397,478 0
Depreciation and amortization 346,151 363,381 303,446
Net loss of equity method investments, inclusive of distributions 8,613 5,257 5,198
(Gain) Loss on Early Extinguishment of Debt Due to Unamortized Premium/Discount (3,788) 1,489 7,948
Gain on sale of assets (8,677) (866) 0
Deferred income taxes (146,136) (193,662) 114,404
Equity-based compensation expense 30,367 29,598 35,775
Change in fair value – derivative instruments 38,525 (22,668) (53,185)
Loss on settlement of retirement benefit obligations, net of contributions 0 0 16,771
(Increase) decrease in current assets:      
Accounts receivable 238,392 108,876 (68,832)
Inventories (33,717) (78,842) (15,929)
Income taxes receivable 11,719 94,237 (34,419)
Prepayments and other 13,291 1,486 1,377
Increase (decrease) in current liabilities:      
Accounts payable (406,339) (217,541) 2,068
Income taxes payable (11,500) 19,642 0
Accrued liabilities (6,924) 8,047 (41,229)
Turnaround expenditures (89,365) (96,803) (193,920)
Other, net (30,473) 13,159 21,878
Net cash provided by operating activities 979,626 758,596 869,174
Cash flows from investing activities:      
Additions to properties, plants and equipment (581,639) (455,128) (368,514)
Payments to Acquire Interest in Joint Venture (55,032)    
Proceeds from sale of assets 19,264 16,633 7,802
Acquisition of trucking operations 0 0 (11,301)
Purchases of marketable securities (509,338) (1,025,602) (935,512)
Sales and maturities of marketable securities 839,513 1,276,447 846,143
Other, net 0 5,021 (8,740)
Net cash used for investing activities (381,748) (292,322) (526,735)
Cash flows from financing activities:      
Redemption of senior notes (155,156) 0 (300,973)
Redemption of senior notes - HEP 155,156 156,188  
Proceeds from sale of HEP common units 0 0 73,444
Proceeds from common unit offerings – HEP     73,444
Purchase of treasury stock (742,823) (158,847) (225,023)
Dividends (246,908) (647,197) (645,920)
Distributions to noncontrolling interest (83,268) (78,202) (71,201)
Excess tax benefit from equity-based compensation 0 2,040 2,562
Other, net (12,175) (7,998) (8,368)
Net cash used for financing activities (1,099,330) (838,392) (1,160,035)
Cash and cash equivalents:      
Increase (decrease) for the period (501,452) (372,118) (817,596)
Beginning of period 567,985 940,103 1,757,699
End of period 66,533 567,985 940,103
Cash paid during the period for:      
Interest 46,442 55,716 76,647
Income taxes 586,447 237,907 372,846
HEP      
Cash flows from investing activities:      
Additions to properties, plants and equipment (94,516) (109,693) (56,613)
Payments to Acquire Interest in Joint Venture (55,032) 0 0
Cash flows from financing activities:      
Borrowings under credit agreement – HEP 973,900 642,300 310,600
Repayments under credit agreement – HEP (832,900) (434,300) (368,600)
Redemption of senior notes - HEP 0 (156,188) 0
Proceeds from common unit offerings – HEP 0 0 $ 73,444
Cash and cash equivalents:      
Beginning of period 2,830    
End of period $ 15,013 $ 2,830