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Consolidated Statements Of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Sales and other revenues $ 2,714,638 $ 3,701,912 $ 4,733,362 $ 6,708,538
Operating costs and expenses:        
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment) 2,248,155 2,887,475 3,873,318 5,138,848
Lower of cost or market inventory valuation adjustment (138,473) (135,480) (194,594) (142,026)
Costs of products sold, net 2,109,682 2,751,995 3,678,724 4,996,822
Operating expenses (exclusive of depreciation and amortization) 251,336 246,165 503,919 509,761
General and administrative expenses (exclusive of depreciation and amortization) 29,655 26,117 55,276 55,686
Depreciation and amortization 90,423 87,803 178,303 167,815
Goodwill and asset impairment 654,084 0 654,084 0
Total operating costs and expenses 3,135,180 3,112,080 5,070,306 5,730,084
Income from operations (420,542) 589,832 (336,944) 978,454
Other income (expense):        
Earnings (loss) of equity method investments 3,623 631 6,388 (7,176)
Interest income 527 768 602 1,730
Interest expense (14,251) (10,559) (26,338) (20,713)
Loss on early extinguishment of debt 0 (1,368) (8,718) (1,368)
Gain on sale of assets and other 128 873 193 1,639
Other income (expense) total (9,973) (9,655) (27,873) (25,888)
Income (loss) before income taxes (430,515) 580,177 (364,817) 952,566
Income tax expense (benefit):        
Current (18,012) 155,377 (42,366) 294,575
Deferred (20,033) 51,613 26,629 42,143
Income tax expense (benefit) total (38,045) 206,990 (15,737) 336,718
Net income (loss) (392,470) 373,187 (349,080) 615,848
Less net income attributable to noncontrolling interest 16,898 12,363 39,035 28,148
Net income (loss) attributable to HollyFrontier stockholders $ (409,368) $ 360,824 $ (388,115) $ 587,700
Earnings (loss) per share attributable to HollyFrontier stockholders:        
Basic $ (2.33) $ 1.88 $ (2.20) $ 3.03
Diluted (2.33) 1.88 (2.20) 3.03
Cash dividends declared per common share $ 0.33 $ 0.33 $ 0.66 $ 0.65
Average number of common shares outstanding:        
Basic 175,865 191,355 176,301 193,202
Diluted 175,865 191,454 176,301 193,279