Supplemental Guarantor / Non-Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Supplemental Guarantor / Non-Guarantor Financial Information [Abstract]

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

December 31, 2014	Parent		Guarantor Restricted Subsidiaries		Non-Guarantor Non-Restricted Subsidiaries		Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	2	$	2,828	$	—	$	—		$	2,830
Accounts receivable	—		34,274		6,044		(189		)	40,129
Prepaid and other current assets	212		2,856		1,315		—			4,383
Total current assets	214		39,958		7,359		(189		)	47,342
Properties and equipment, net	—		596,988		383,491		—			980,479
Investment in subsidiaries	622,100		285,247		—		(907,347		)	—
Transportation agreements, net	—		80,703		—		—			80,703
Goodwill	—		256,498		—		—			256,498
Investment in SLC Pipeline	—		24,478		—		—			24,478
Other assets	1,319		10,736		—		—			12,055
Total assets	$	623,633	$	1,294,608	$	390,850	$	(907,536	)	$	1,401,555
LIABILITIES AND PARTNERS’ EQUITY
Current liabilities:
Accounts payable	$	—	$	15,495	$	2,575	$	(189	)	$	17,881
Accrued interest	6,500		115		—		—			6,615
Deferred revenue	—		5,672		6,760		—			12,432
Accrued property taxes	—		1,902		801		—			2,703
Other current liabilities	45		4,408		118		—			4,571
Total current liabilities	6,545		27,592		10,254		(189		)	44,202
Long-term debt	296,579		571,000		—		—			867,579
Other long-term liabilities	147		17,731		267		—			18,145
Deferred revenue	—		29,392		—		—			29,392
Class B unit	—		26,793		—		—			26,793
Equity - partners	320,362		622,100		380,329		(1,002,429		)	320,362
Equity - noncontrolling interest	—		—		—		95,082			95,082
Total liabilities and partners’ equity	$	623,633	$	1,294,608	$	390,850	$	(907,536	)	$	1,401,555

Condensed Consolidating Balance Sheet

December 31, 2013	Parent		Guarantor Restricted Subsidiaries		Non-Guarantor Non-Restricted Subsidiaries		Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	2	$	1,447	$	4,903	$	—		$	6,352
Accounts receivable	—		31,107		4,543		(914		)	34,736
Intercompany accounts receivable	—		62,516		—		(62,516		)	—
Prepaid and other current assets	234		2,590		1,050		—			3,874
Total current assets	236		97,660		10,496		(63,430		)	44,962
Properties and equipment, net	—		564,847		392,967		—			957,814
Investment in subsidiaries	885,598		292,464		—		(1,178,062		)	—
Transportation agreements, net	—		87,650		—		—			87,650
Goodwill	—		256,498		—		—			256,498
Investment in SLC Pipeline	—		24,741		—		—			24,741
Other assets	1,684		9,159		—		—			10,843
Total assets	$	887,518	$	1,333,019	$	403,463	$	(1,241,492	)	$	1,382,508
LIABILITIES AND PARTNERS’ EQUITY
Current liabilities:
Accounts payable	$	—	$	18,966	$	4,846	$	(914	)	$	22,898
Intercompany accounts payable	62,516		—		—		(62,516		)	—
Accrued interest	10,198		41		—		—			10,239
Deferred revenue	—		6,406		7,575		—			13,981
Accrued property taxes	—		1,661		942		—			2,603
Other current liabilities	629		1,216		—		—			1,845
Total current liabilities	73,343		28,290		13,363		(63,430		)	51,566
Long-term debt	444,630		363,000		—		—			807,630
Other long-term liabilities	99		14,338		148		—			14,585
Deferred revenue	—		21,669		—		—			21,669
Class B unit	—		20,124		—		—			20,124
Equity - partners	369,446		885,598		389,952		(1,275,550		)	369,446
Equity - noncontrolling interest	—		—		—		97,488			97,488
Total liabilities and partners’ equity	$	887,518	$	1,333,019	$	403,463	$	(1,241,492	)	$	1,382,508

Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

Year Ended December 31, 2014	Parent			Guarantor Restricted Subsidiaries			Non-Guarantor Non-Restricted Subsidiaries		Eliminations			Consolidated
	(In thousands)
Revenues:
Affiliates	$	—		$	254,364		$	22,073	$	(1,241	)	$	275,196
Third parties	—			45,711			11,638		—			57,349
	—			300,075			33,711		(1,241		)	332,545
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)	—			93,382			12,660		(1,241		)	104,801
Depreciation and amortization	—			47,592			14,574		—			62,166
General and administrative	2,658			8,166			—		—			10,824
	2,658			149,140			27,234		(1,241		)	177,791
Operating income (loss)	(2,658		)	150,935			6,477		—			154,754
Equity in earnings of subsidiaries	138,691			4,858			—		(143,549		)	—
Equity in earnings of SLC Pipeline	—			2,987			—		—			2,987
Interest income	—			3			—		—			3
Interest expense	(22,831		)	(13,270		)	—		—			(36,101		)
Loss on early extinguishment of debt	(7,677		)	—			—		—			(7,677		)
Other	—			82			—		—			82
	108,183			(5,340		)	—		(143,549		)	(40,706		)
Income (loss) before income taxes	105,525			145,595			6,477		(143,549		)	114,048
State income tax expense	—			(235		)	—		—			(235		)
Net income (loss)	105,525			145,360			6,477		(143,549		)	113,813
Allocation of net (income) attributable to noncontrolling interests	—			—			—		(8,288		)	(8,288		)
Net income (loss) attributable to Holly Energy Partners	105,525			145,360			6,477		(151,837		)	105,525
Other comprehensive (loss)	98			98			—		(98		)	98
Comprehensive income (loss)	$	105,623		$	145,458		$	6,477	$	(151,935	)	$	105,623

Condensed Consolidating Statement of Comprehensive Income

Year Ended December 31, 2013	Parent			Guarantor Restricted Subsidiaries			Non-Guarantor Non-Restricted Subsidiaries		Eliminations			Consolidated
	(In thousands)
Revenues:
Affiliates	$	—		$	236,336		$	17,258	$	(1,226	)	$	252,368
Third parties	—			42,139			10,675		—			52,814
	—			278,475			27,933		(1,226		)	305,182
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)	—			88,614			12,056		(1,226		)	99,444
Depreciation and amortization	—			51,082			14,341		—			65,423
General and administrative	3,381			8,368			—		—			11,749
	3,381			148,064			26,397		(1,226		)	176,616
Operating income (loss)	(3,381		)	130,411			1,536		—			128,566
Equity in earnings of subsidiaries	115,850			1,231			—		(117,081		)	—
Equity in earnings of SLC Pipeline	—			2,826			—		—			2,826
Interest income	—			56			105		—			161
Interest expense	(33,020		)	(13,990		)	—		—			(47,010		)
Gain on sale of assets	—			1,810			—		—			1,810
Other	—			61			—		—			61
	82,830			(8,006		)	105		(117,081		)	(42,152		)
Income (loss) before income taxes	79,449			122,405			1,641		(117,081		)	86,414
State income tax expense	—			(333		)	—		—			(333		)
Net income (loss)	79,449			122,072			1,641		(117,081		)	86,081
Allocation of net loss attributable to noncontrolling interests	—			—			—		(6,632		)	(6,632		)
Net income (loss) attributable to Holly Energy Partners	79,449			122,072			1,641		(123,713		)	79,449
Other comprehensive income	4,135			4,135			—		(4,135		)	4,135
Comprehensive income (loss)	$	83,584		$	126,207		$	1,641	$	(127,848	)	$	83,584

Condensed Consolidating Statement of Comprehensive Income

Year Ended December 31, 2012	Parent			Guarantor Restricted Subsidiaries			Non-Guarantor Non-Restricted Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues:
Affiliates	$	—		$	232,986		$	13,754		$	(1,158	)	$	245,582
Third parties	—			41,984			4,994			—			46,978
	—			274,970			18,748			(1,158		)	292,560
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)	—			78,766			11,634			(1,158		)	89,242
Depreciation and amortization	—			43,147			14,314			—			57,461
General and administrative	3,336			4,258			—			—			7,594
	3,336			126,171			25,948			(1,158		)	154,297
Operating income (loss)	(3,336		)	148,799			(7,200		)	—			138,263
Equity in earnings (loss) of subsidiaries	130,743			(5,400		)	—			(125,343		)	—
Equity in earnings of SLC Pipeline	—			3,364			—			—			3,364
Interest expense	(31,523		)	(15,659		)	—			—			(47,182		)
Loss on early extinguishment of debt	(2,979		)	—			—			—			(2,979		)
Other	—			10			—			—			10
	96,241			(17,685		)	—			(125,343		)	(46,787		)
Income (loss) before income taxes	92,905			131,114			(7,200		)	(125,343		)	91,476
State income tax expense	—			(371		)	—			—			(371		)
Net income (loss)	92,905			130,743			(7,200		)	(125,343		)	91,105
Allocation of net loss attributable to Predecessors	4,200			—			—			—			4,200
Allocation of net loss attributable to noncontrolling interests	(2,953		)	—			—			1,800			(1,153		)
Net income (loss) attributable to Holly Energy Partners	94,152			130,743			(7,200		)	(123,543		)	94,152
Other comprehensive (loss)	2,185			2,185			—			(2,185		)	2,185
Comprehensive income (loss)	$	96,337		$	132,928		$	(7,200	)	$	(125,728	)	$	96,337

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2014	Parent			Guarantor Restricted Subsidiaries			Non-Guarantor Non-Restricted Subsidiaries			Eliminations			Consolidated
	(In thousands)
Cash flows from operating activities	$	(25,339	)	$	193,273		$	19,398		$	(692	)	$	186,640
Cash flows from investing activities
Additions to properties and equipment	—			(71,758		)	(8,201		)	—			(79,959		)
Distributions from UNEV	—			11,383			—			(11,383		)	—
Distributions in excess of equity in earnings in SLC Pipeline	—			263			—			—			263
	—			(60,112		)	(8,201		)	(11,383		)	(79,696		)
Cash flows from financing activities
Net borrowings under credit agreement	—			208,000			—			—			208,000
Net intercompany financing activities	339,771			(339,771		)	—			—			—
Repayments of senior notes	(156,188		)	—			—			—			(156,188		)
Distributions to HEP unitholders	(154,670		)	—			—			—			(154,670		)
Distributions to noncontrolling interests	—			—			(16,100		)	12,075			(4,025		)
Purchase of units for incentive grants	(3,577		)	—			—			—			(3,577		)
Other	3			(9		)	—			—			(6		)
	25,339			(131,780		)	(16,100		)	12,075			(110,466		)
Cash and cash equivalents
Increase (decrease) for the period	—			1,381			(4,903		)	—			(3,522		)
Beginning of period	2			1,447			4,903			—			6,352
End of period	$	2		$	2,828		$	—		$	—		$	2,830

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2013	Parent			Guarantor Restricted Subsidiaries			Non-Guarantor Non-Restricted Subsidiaries			Eliminations			Consolidated
	(In thousands)
Cash flows from operating activities	$	(34,605	)	$	197,678		$	20,007		$	—		$	183,080
Cash flows from investing activities
Additions to properties and equipment	—			(45,085		)	(7,016		)	—			(52,101		)
Proceeds from the sale of assets	—			2,731			—			—			2,731
Distributions from UNEV	—			9,375			—			(9,375		)	—
Distribution in excess of equity in earnings in SLC Pipeline	—			300			—			—			300
	—			(32,679		)	(7,016		)	(9,375		)	(49,070		)
Cash flows from financing activities
Net repayments under credit agreement	—			(58,000		)	—			—			(58,000		)
Net intercompany financing activities	105,031			(105,031		)	—			—			—
Proceeds from issuance of common units	73,444			—			—			—			73,444
Distributions to noncontrolling interests	—			—			(12,500		)	9,375			(3,125		)
Contributions from general partner	1,499			—			—			—			1,499
Distributions to HEP unitholders	(139,486		)	—			—			—			(139,486		)
Purchase of units for restricted grants	(5,634		)	—			—			—			(5,634		)
Deferred financing costs	—			(1,344		)	—			—			(1,344		)
Other	(249		)	—			—			—			(249		)
	34,605			(164,375		)	(12,500		)	9,375			(132,895		)
Cash and cash equivalents
Increase for the period	—			624			491			—			1,115
Beginning of period	2			823			4,412			—			5,237
End of period	$	2		$	1,447		$	4,903		$	—		$	6,352

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2012	Parent			Guarantor Restricted Subsidiaries			Non-Guarantor Non-Restricted Subsidiaries			Eliminations		Consolidated
	(In thousands)
Cash flows from operating activities	$	(34,557	)	$	194,667		$	1,039		$	—	$	161,149
Cash flows from investing activities
Additions to properties and equipment	—			(28,134		)	(14,727		)	—		(42,861		)
Distributions in excess of equity in earnings in SLC Pipeline	—			262			—			—		262
	—			(27,872		)	(14,727		)	—		(42,599		)
Cash flows from financing activities
Net borrowings under credit agreement	—			221,000			—			—		221,000
Proceeds from issuance of senior notes	294,750			—			—			—		294,750
Net intercompany financing activities	51,989			(51,989		)	—			—		—
Cash distribution to HFC for UNEV acquisition	—			(260,922		)	—			—		(260,922		)
Redemption of senior notes	(185,000		)	(75,235		)	—			—		(260,235		)
Contributions from UNEV joint venture partners	—			—			15,000			—		15,000
Contributions from general partner	1,748			—			—			—		1,748
Distributions to HEP unitholders	(122,777		)	—			—			—		(122,777		)
Purchase of units for restricted grants	(5,240		)	321			—			—		(4,919		)
Deferred financing costs	(913		)	(2,325		)	—			—		(3,238		)
Other	—			(89		)	—			—		(89		)
	34,557			(169,239		)	15,000			—		(119,682		)
Cash and cash equivalents
Increase (decrease) for the period	—			(2,444		)	1,312			—		(1,132		)
Beginning of period	2			3,267			3,100			—		6,369
End of period	$	2		$	823		$	4,412		$	—	$	5,237