Quarterly Information (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year
	(In thousands, except per share data)
Year Ended December 31, 2020
Sales and other revenues	$	3,400,545	$	2,062,930	$	2,819,400	$	2,900,768	$	11,183,643
Operating costs and expenses	$	3,810,847	$	2,252,906	$	2,846,618	$	3,007,015	$	11,917,386
Loss from operations (1) (2)	$	(410,302)	$	(189,976)	$	(27,218)	$	(106,247)	$	(733,743)
Income (loss) before income taxes	$	(455,452)	$	(181,318)	$	27,918	$	(138,194)	$	(747,046)
Net loss attributable to HollyFrontier stockholders	$	(304,623)	$	(176,677)	$	(2,401)	$	(117,747)	$	(601,448)

Net loss per share - basic	$	(1.88)	$	(1.09)	$	(0.01)	$	(0.73)	$	(3.72)
Net loss per share - diluted	$	(1.88)	$	(1.09)	$	(0.01)	$	(0.73)	$	(3.72)
Dividends per common share	$	0.35	$	0.35	$	0.35	$	0.35	$	1.40
Average number of shares of common stock outstanding:
Basic	161,873		161,889		162,015		162,151		161,983
Diluted	161,873		161,889		162,015		162,151		161,983

Year Ended December 31, 2019
Sales and other revenues	$	3,897,247	$	4,782,615	$	4,424,828	$	4,381,888	$	17,486,578
Operating costs and expenses	$	3,507,906	$	4,450,874	$	3,998,049	$	4,252,705	$	16,209,534
Income from operations (3)(4)	$	389,341	$	331,741	$	426,779	$	129,183	$	1,277,044
Income before income taxes	$	363,991	$	306,153	$	401,001	$	100,359	$	1,171,504

Net income attributable to HollyFrontier stockholders	$	253,055	$	196,915	$	261,813	$	60,605	$	772,388
Net income per share - basic	$	1.48	$	1.16	$	1.60	$	0.38	$	4.64
Net income per share - diluted	$	1.47	$	1.15	$	1.58	$	0.37	$	4.61
Dividends per common share	$	0.33	$	0.33	$	0.33	$	0.35	$	1.34
Average number of shares of common stock outstanding:
Basic	170,851		169,356		163,676		161,398		166,287
Diluted	172,239		170,547		165,011		162,898		167,385

(1) For 2020, loss from operations reflects non-cash lower of cost or market inventory valuation charges of $560.5 million for the first quarter, and benefits of $269.9 million, $62.8 million and $149.2 million for the second, third and fourth quarters, respectively.

(2) For 2020, loss from operations reflects non-cash long-lived asset impairment charges of $436.9 million in the second quarter and goodwill and long-lived asset impairment charges of $108.4 million in the fourth quarter.

(3) For 2019, income from operations reflects non-cash lower of cost or market inventory valuation benefits of $232.3 million for the first quarter, and charges of $47.8 million, $34.1 million and $30.7 million for the second, third and fourth quarters, respectively.

(4) For 2019, income from operations reflects goodwill impairment charges of $152.7 million in the second quarter.