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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents (HEP:$18,091 and $13,287, respectively) $ 1,524,888 $ 885,162
Accounts receivable: Product and transportation (HEP: $13,856 and $18,732, respectively) 525,247 834,771
Crude oil resales 26,667 44,914
Accounts receivable, total 551,914 879,685
Inventories: Crude oil and refined products 933,683 1,282,789
Materials, supplies and other (HEP: $828 and $833, respectively) 203,981 191,413
Inventories, total 1,137,664 1,474,202
Income taxes receivable 70,008 5,478
Prepayments and other (HEP: $5,454 and $6,795, respectively) 34,354 61,662
Total current assets 3,318,828 3,306,189
Properties, plants and equipment, at cost (HEP: $2,067,282 and $2,047,674, respectively) 7,173,262 7,237,297
Less accumulated depreciation (HEP: $(608,520) and $(552,786), respectively) (2,645,390) (2,414,585)
Properties, plants and equipment, net 4,527,872 4,822,712
Operating lease right-of-use assets (HEP: $3,164 and $2,652, respectively) 365,045 467,109
Other assets: Turnaround costs 349,185 521,278
Goodwill (HEP: $312,873 and $312,873, respectively) 2,374,930 2,373,907
Intangibles and other (HEP: $351,225 and $319,569, respectively) 643,881 673,646
Other assets, total 3,367,996 3,568,831
Total assets 11,579,741 12,164,841
Current liabilities:    
Accounts payable (HEP: $21,221 and $18,050, respectively) 825,021 1,215,555
Income taxes payable 6,698 27,965
Operating lease liabilities (HEP: $3,787 and $3,608, respectively) 98,790 104,415
Accrued liabilities (HEP: $28,372 and $30,418, respectively) 306,341 337,993
Total current liabilities 1,236,850 1,685,928
Long-term debt (HEP: $1,439,874 and $1,462,031, respectively) 3,176,349 2,455,640
Noncurrent operating lease liabilities (HEP: $68,681 and $72,000, respectively) 300,468 364,420
Deferred income taxes (HEP: $432 and $424, respectively) 728,899 889,270
Other long-term liabilities (HEP: $57,638 and $59,021, respectively) 260,606 260,157
HollyFrontier stockholders' equity:    
Preferred stock, $1.00 par value – 5,000,000 shares authorized; none issued 0 0
Common stock $.01 par value – 320,000,000 shares authorized; 256,042,554 shares issued as of September 30, 2020 and December 31, 2019 2,560 2,560
Additional capital 4,217,128 4,204,547
Retained earnings 4,088,816 4,744,120
Accumulated other comprehensive income 10,102 14,774
Common stock held in treasury, at cost – 94,026,587 and 94,196,029 shares as of September 30, 2020 and December 31, 2019, respectively (2,982,463) (2,987,808)
Total HollyFrontier stockholders' equity 5,336,143 5,978,193
Noncontrolling interest 540,426 531,233
Total equity 5,876,569 6,509,426
Total liabilities and equity $ 11,579,741 $ 12,164,841