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Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (Unaudited)
Quarterly Information (Unaudited)

 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Year
 
 
(In thousands, except per share data)
Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
Sales and other revenues
 
$
3,080,483

 
$
3,458,864

 
$
3,719,247

 
$
3,992,705

 
$
14,251,299

Operating costs and expenses
 
$
3,113,207

 
$
3,337,179

 
$
3,269,967

 
$
3,627,053

 
$
13,347,406

Income (loss) from operations (1,2)
 
$
(32,724
)
 
$
121,685

 
$
449,280

 
$
365,652

 
$
903,893

Income (loss) before income taxes
 
$
(54,571
)
 
$
106,069

 
$
446,103

 
$
371,262

 
$
868,863

Net income (loss) attributable to HollyFrontier stockholders
 
$
(45,468
)
 
$
57,767

 
$
272,014

 
$
521,082

 
$
805,395

Net income (loss) per share attributable to HollyFrontier stockholders - basic
 
$
(0.26
)
 
$
0.33

 
$
1.53

 
$
2.94

 
$
4.54

Net income (loss) per share attributable to HollyFrontier stockholders - diluted
 
$
(0.26
)
 
$
0.33

 
$
1.53

 
$
2.92

 
$
4.52

Dividends per common share
 
$
0.33

 
$
0.33

 
$
0.33

 
$
0.33

 
$
1.32

Average number of shares of common stock outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
176,210

 
176,147

 
176,149

 
176,265

 
176,174

Diluted
 
176,210

 
176,302

 
176,530

 
177,457

 
177,196

 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
Sales and other revenues
 
$
2,018,724

 
$
2,714,638

 
$
2,847,270

 
$
2,955,068

 
$
10,535,700

Operating costs and expenses
 
$
1,935,126

 
$
3,135,180

 
$
2,722,505

 
$
2,842,776

 
$
10,635,587

Income (loss) from operations (3) (4)
 
$
83,598

 
$
(420,542
)
 
$
124,765

 
$
112,292

 
$
(99,887
)
Income (loss) before income taxes
 
$
65,698

 
$
(430,515
)
 
$
109,867

 
$
83,416

 
$
(171,534
)
Net income (loss) attributable to HollyFrontier stockholders
 
$
21,253

 
$
(409,368
)
 
$
74,497

 
$
53,165

 
$
(260,453
)
Net income (loss) per share attributable to HollyFrontier stockholders - basic
 
$
0.12

 
$
(2.33
)
 
$
0.42

 
$
0.30

 
$
(1.48
)
Net income (loss) per share attributable to HollyFrontier stockholders - diluted
 
$
0.12

 
$
(2.33
)
 
$
0.42

 
$
0.30

 
$
(1.48
)
Dividends per common share
 
$
0.33

 
$
0.33

 
$
0.33

 
$
0.33

 
$
1.32

Average number of shares of common stock outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
176,737

 
175,865

 
175,871

 
175,936

 
176,101

Diluted
 
176,784

 
175,865

 
175,993

 
176,137

 
176,101


(1) For 2017, income from operations reflects non-cash lower of cost or market inventory valuation charges of $11.8 million and $84.0 million for the first and second quarters, respectively, and a reduction of $111.1 million and $93.4 million for the third and fourth quarters, respectively.

(2) For 2017, income from operations reflects long-lived asset impairment charges of $23.2 million in the second quarter.

(3) For 2016, income from operations reflects non-cash lower of cost or market inventory valuation reductions of $56.1 million and $138.5 million for the first and second quarters, respectively, and increases of $0.3 million for the third quarter and a reduction of $97.7 million for the fourth quarter.

(4) For 2016, income from operations reflects non-cash goodwill and long-lived asset impairment charges of $309.3 million and $344.8 million , respectively, in the second quarter.