XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents (HEP:$12,816 and $21,990, respectively) $ 1,481,562 $ 1,368,318
Accounts receivable: Product and transportation (HEP: $12,121 and $14,543, respectively) 772,769 590,526
Crude oil resales 76,392 39,510
Accounts receivable, total 849,161 630,036
Inventories: Crude oil and refined products 1,698,706 989,296
Materials, supplies and other (HEP: $1,054 and $895, respectively) 188,374 184,180
Total inventory 1,887,080 1,173,476
Income taxes receivable 98,404 91,348
Prepayments and other (HEP: $2,571 and $8,591, respectively) 38,816 47,583
Total current assets 4,355,023 3,310,761
Properties, plants and equipment, at cost (HEP: $2,194,659 and $2,119,295, respectively) 7,812,670 7,299,517
Less accumulated depreciation (HEP: $(695,124) and $(644,149), respectively) (2,946,119) (2,726,378)
Properties, plants and equipment, net 4,866,551 4,573,139
Operating lease right-of-use assets (HEP: $70,034 and $72,480, respectively) 395,947 350,548
Other assets: Turnaround costs 345,314 314,816
Goodwill (HEP: $312,873 and $312,873, respectively) 2,293,305 2,293,935
Intangibles and other (HEP: $218,012 and $224,430, respectively) 641,041 663,665
Other assets, total 3,279,660 3,272,416
Total assets 12,897,181 11,506,864
Current liabilities:    
Accounts payable (HEP: $26,008 and $28,565, respectively) 1,460,769 1,000,959
Income taxes payable 19,887 1,801
Operating lease liabilities (HEP: $3,761 and $3,827, respectively) 106,686 97,937
Accrued liabilities (HEP: $16,931 and $29,518, respectively) 456,866 274,459
Total current liabilities 2,044,208 1,375,156
Long-term debt (HEP: $1,333,309 and $1,405,603, respectively) 3,072,352 3,142,718
Noncurrent operating lease liabilities (HEP: $66,648 and $68,454, respectively) 314,650 285,785
Deferred income taxes (HEP: $397 and $449, respectively) 870,610 713,703
Other long-term liabilities (HEP: $44,277 and $55,105, respectively) 265,822 267,299
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; 256,046,051 shares issued as of September 30, 2021 and December 31, 2020 2,560 2,560
Additional capital 4,232,504 4,207,672
Retained earnings 4,453,366 3,913,179
Accumulated other comprehensive income 4,460 13,462
Common stock held in treasury, at cost – 93,553,647 and 93,632,391 shares as of September 30, 2021 and December 31, 2020, respectively (2,966,150) (2,968,512)
Total HollyFrontier stockholders’ equity 5,726,740 5,168,361
Noncontrolling interest 602,799 553,842
Total equity 6,329,539 5,722,203
Total liabilities and equity $ 12,897,181 $ 11,506,864