Supplemental Guarantor/Non-Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Supplemental Guarantor / Non-Guarantor Financial Information [Abstract]

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet
December 31, 2012	Parent			Guarantor Restricted Subsidiaries		Non- Guarantor Restricted Subsidiaries			Eliminations			HollyFrontier Corp. Before Consolidation of HEP		Non-Guarantor Non-Restricted Subsidiaries (HEP Segment)		Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	1,748,808		$	3,652	$	2		$	—		$	1,752,462	$	5,237	$	—		$	1,757,699
Marketable securities	630,579			7		—			—			630,586		—		—			630,586
Accounts receivable, net	4,788			627,262		—			—			632,050		38,097		(35,917		)	634,230
Intercompany accounts receivable (payable)	(546,655		)	285,291		261,364			—			—		—		—			—
Inventories	—			1,318,373		—			—			1,318,373		1,259		—			1,319,632
Income taxes receivable	74,957			—		—			—			74,957		—		—			74,957
Prepayments and other	21,867			34,667		—			—			56,534		2,360		(5,733		)	53,161
Total current assets	1,934,344			2,269,252		261,366			—			4,464,962		46,953		(41,650		)	4,470,265
Properties, plants and equip, net	24,209			2,444,398		—			—			2,468,607		1,014,556		(288,463		)	3,194,700
Marketable securities (long-term)	5,116			—		—			—			5,116		—		—			5,116
Investment in subsidiaries	5,251,396			74,120		—			(5,325,516		)	—		—		—			—
Intangibles and other assets	11,825			2,284,329		25,000			(25,000		)	2,296,154		365,291		(2,529		)	2,658,916
Total assets	$	7,226,890		$	7,072,099	$	286,366		$	(5,350,516	)	$	9,234,839	$	1,426,800	$	(332,642	)	$	10,328,997
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	1,941		$	1,336,097	$	—		$	—		$	1,338,038	$	12,030	$	(35,917	)	$	1,314,151
Income taxes payable	—			—		—			—			—		—		—			—
Accrued liabilities	71,226			105,298		581			—			177,105		23,705		(5,733		)	195,077
Deferred income tax liabilities	145,225			—		(9		)	—			145,216		—		—			145,216
Total current liabilities	218,392			1,441,395		572			—			1,660,359		35,735		(41,650		)	1,654,444
Long-term debt	460,254			36,311		—			(25,000		)	471,565		864,673		—			1,336,238
Liability to HEP	—			257,777					—			257,777		—		(257,777		)	—
Deferred income tax liabilities	530,544			—		1,175			—			531,719		—		4,951			536,670
Other long-term liabilities	48,757			85,220		—			—			133,977		28,683		(3,673		)	158,987
Investment in HEP	—			—		210,499			—			210,499		—		(210,499		)	—
Equity – HollyFrontier	5,968,943			5,251,396		74,120			(5,325,516		)	5,968,943		382,207		(298,196		)	6,052,954
Equity – noncontrolling interest	—			—		—			—			—		115,502		474,202			589,704
Total liabilities and equity	$	7,226,890		$	7,072,099	$	286,366		$	(5,350,516	)	$	9,234,839	$	1,426,800	$	(332,642	)	$	10,328,997

Condensed Consolidating Balance Sheet
December 31, 2011 (1)	Parent			Guarantor Restricted Subsidiaries			Non- Guarantor Restricted Subsidiaries		Eliminations			HollyFrontier Corp. Before Consolidation of HEP		Non-Guarantor Non-Restricted Subsidiaries (HEP Segment)		Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	1,575,891		$	(3,358	)	$	2	$	—		$	1,572,535	$	6,369	$	—		$	1,578,904
Marketable securities	210,886			753			—		—			211,639		—		—			211,639
Accounts receivable, net	8,317			698,911			—		—			707,228		37,290		(35,661		)	708,857
Intercompany accounts receivable (payable)	(629,712		)	331,431			298,281		—			—		—		—			—
Inventories	—			1,113,136			—		—			1,113,136		1,483		—			1,114,619
Income taxes receivable	87,277			—			—		—			87,277		—		—			87,277
Prepayments and other	19,379			202,428			4		—			221,811		2,246		(4,607		)	219,450
Total current assets	1,272,038			2,343,301			298,287		—			3,913,626		47,388		(40,268		)	3,920,746
Properties, plants and equip, net	26,702			2,322,645			—		—			2,349,347		1,006,379		(302,821		)	3,052,905
Marketable securities (long-term)	50,067			—			—		—			50,067		—		—			50,067
Investment in subsidiaries	5,280,403			331,413			35,511		(5,611,816		)	35,511		—		(35,511		)	—
Intangibles and other assets	19,329			2,242,197			—		—			2,261,526		364,893		(73,894		)	2,552,525
Total assets	$	6,648,539		$	7,239,556		$	333,798	$	(5,611,816	)	$	8,610,077	$	1,418,660	$	(452,494	)	$	9,576,243
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	23,497		$	1,494,790		$	359	$	—		$	1,518,646	$	21,709	$	(35,661	)	$	1,504,694
Income taxes payable	40,366			—			—		—			40,366		—		—			40,366
Accrued liabilities	53,390			103,981			1,170		—			158,541		16,006		(4,607		)	169,940
Deferred income tax liabilities	175,683			—			—		—			175,683		—		—			175,683
Total current liabilities	292,936			1,598,771			1,529		—			1,893,236		37,715		(40,268		)	1,890,683
Long-term debt	651,261			37,620			—		—			688,881		598,761		(72,900		)	1,214,742
Liability to HEP	—			269,870			—		—			269,870		—		(269,870		)	—
Deferred income tax liabilities	457,914			—			856		—			458,770		—		4,951			463,721
Other long-term liabilities	116,443			52,892			—		—			169,335		4,000		(2,138		)	171,197
Equity – HollyFrontier	5,129,985			5,280,403			331,413		(5,611,816		)	5,129,985		679,182		(605,157		)	5,204,010
Equity – noncontrolling interest	—			—			—		—			—		99,002		532,888			631,890
Total liabilities and equity	$	6,648,539		$	7,239,556		$	333,798	$	(5,611,816	)	$	8,610,077	$	1,418,660	$	(452,494	)	$	9,576,243

Condensed Consolidating Statement of Income and Comprehensive Income

Condensed Consolidating Statement of Income and Comprehensive Income
Year Ended December 31, 2012	Parent			Guarantor Restricted Subsidiaries			Non- Guarantor Restricted Subsidiaries		Eliminations			HollyFrontier Corp. Before Consolidation of HEP			Non-Guarantor Non-Restricted Subsidiaries (HEP Segment)			Eliminations			Consolidated
	(In thousands)
Sales and other revenues	$	494		$	20,043,335		$	174	$	—		$	20,044,003		$	288,501		$	(241,780	)	$	20,090,724
Operating costs and expenses:
Cost of products sold	—			16,078,948			—		—			16,078,948			—			(238,305		)	15,840,643
Operating expenses	—			906,098			—		—			906,098			89,395			(527		)	994,966
General and administrative	118,860			1,519			128		—			120,507			7,594			—			128,101
Depreciation and amortization	4,172			181,735			—		—			185,907			57,789			(828		)	242,868
Total operating costs and expenses	123,032			17,168,300			128		—			17,291,460			154,778			(239,660		)	17,206,578
Income (loss) from operations	(122,538		)	2,875,035			46		—			2,752,543			133,723			(2,120		)	2,884,146
Other income (expense):
Earnings of equity method investments	2,921,077			49,347			49,066		(2,970,865		)	48,625			3,364			(49,066		)	2,923
Interest income (expense)	(41,564		)	(3,631		)	676		—			(44,519		)	(57,219		)	2,338			(99,400		)
Gain on sale of marketable securities	—			326			—		—			326			—			—			326
	2,879,513			46,042			49,742		(2,970,865		)	4,432			(53,855		)	(46,728		)	(96,151		)
Income before income taxes	2,756,975			2,921,077			49,788		(2,970,865		)	2,756,975			79,868			(48,848		)	2,787,995
Income tax provision	1,027,591			—			—		—			1,027,591			371			—			1,027,962
Net income	1,729,384			2,921,077			49,788		(2,970,865		)	1,729,384			79,497			(48,848		)	1,760,033
Less net income attributable to noncontrolling interest	—			—			—		—			—			32,861			—			32,861
Net income attributable to HollyFrontier stockholders	$	1,729,384		$	2,921,077		$	49,788	$	(2,970,865	)	$	1,729,384		$	46,636		$	(48,848	)	$	1,727,172
Comprehensive income attributable to HollyFrontier stockholders	$	1,835,488		$	2,727,854		$	49,788	$	(2,970,865	)	$	1,642,265		$	47,457		$	(48,848	)	$	1,640,874

Condensed Consolidating Statement of Income and Comprehensive Income
Year Ended December 31, 2011	Parent			Guarantor Restricted Subsidiaries			Non- Guarantor Restricted Subsidiaries			Eliminations			HollyFrontier Corp. Before Consolidation of HEP			Non-Guarantor Non-Restricted Subsidiaries (HEP Segment)			Eliminations			Consolidated
	(In thousands)
Sales and other revenues	$	1,008		$	15,392,446		$	74		$	—		$	15,393,528		$	212,995		$	(166,995	)	$	15,439,528
Operating costs and expenses:
Cost of products sold	—			12,844,333			—			—			12,844,333			—			(164,255		)	12,680,078
Operating expenses	—			687,381			(362		)	—			687,019			63,029			(1,967		)	748,081
General and administrative	111,093			2,445			—			—			113,538			6,576			—			120,114
Depreciation and amortization	4,165			123,082			—			—			127,247			33,288			(828		)	159,707
Total operating costs and expenses	115,258			13,657,241			(362		)	—			13,772,137			102,893			(167,050		)	13,707,980
Income (loss) from operations	(114,250		)	1,735,205			436			—			1,621,391			110,102			55			1,731,548
Other income (expense):
Earnings of equity method investments	1,771,022			38,546			38,308			(1,809,820		)	38,056			2,552			(38,308		)	2,300
Interest income (expense)	(38,619		)	(2,729		)	54			—			(41,294		)	(38,209		)	2,464			(77,039		)
Merger transaction costs	(15,114		)	—			—			—			(15,114		)	—			—			(15,114		)
	1,717,289			35,817			38,362			(1,809,820		)	(18,352		)	(35,657		)	(35,844		)	(89,853		)
Income before income taxes	1,603,039			1,771,022			38,798			(1,809,820		)	1,603,039			74,445			(35,789		)	1,641,695
Income tax provision	581,757			—			—			—			581,757			234			—			581,991
Net income	1,021,282			1,771,022			38,798			(1,809,820		)	1,021,282			74,211			(35,789		)	1,059,704
Less net income attributable to noncontrolling interest	—			—			—			—			—			36,307			—			36,307
Net income attributable to HollyFrontier stockholders	$	1,021,282		$	1,771,022		$	38,798		$	(1,809,820	)	$	1,021,282		$	37,904		$	(35,789	)	$	1,023,397
Comprehensive income attributable to HollyFrontier stockholders	$	1,018,650		$	1,876,788		$	38,798		$	(1,809,820	)	$	1,124,416		$	38,651		$	(35,789	)	$	1,127,278

Condensed Consolidating Statement of Income and Comprehensive Income
Year Ended December 31, 2010	Parent			Guarantor Restricted Subsidiaries			Non- Guarantor Restricted Subsidiaries			Eliminations			HollyFrontier Corp. Before Consolidation of HEP			Non-Guarantor Non-Restricted Subsidiaries (HEP Segment)			Eliminations			Consolidated
	(In thousands)
Sales and other revenues	$	412		$	8,287,000		$	—		$	—		$	8,287,412		$	182,093		$	(146,576	)	$	8,322,929
Operating costs and expenses:
Cost of products sold	—			7,510,357			—			—			7,510,357			—			(143,208		)	7,367,149
Operating expenses	2,411			449,349			2			—			451,762			53,138			(486		)	504,414
General and administrative	62,130			990			—			—			63,120			7,719			—			70,839
Depreciation and amortization	3,745			85,517			—			—			89,262			28,949			(682		)	117,529
Total operating costs and expenses	68,286			8,046,213			2			—			8,114,501			89,806			(144,376		)	8,059,931
Income (loss) from operations	(67,874		)	240,787			(2		)	—			172,911			92,287			(2,200		)	262,998
Other income (expense):
Earnings of equity method investments	265,367			30,036			29,998			(295,403		)	29,998			2,393			(29,998		)	2,393
Interest income (expense)	(33,838		)	(5,456		)	40			—			(39,254		)	(36,240		)	2,466			(73,028		)
	231,529			24,580			30,038			(295,403		)	(9,256		)	(33,847		)	(27,532		)	(70,635		)
Income before income taxes	163,655			265,367			30,036			(295,403		)	163,655			58,440			(29,732		)	192,363
Income tax provision	59,016			—			—			—			59,016			296			—			59,312
Net income	104,639			265,367			30,036			(295,403		)	104,639			58,144			(29,732		)	133,051
Less net income attributable to noncontrolling interest	—			—			—			—			—			29,087			—			29,087
Net income attributable to HollyFrontier stockholders	$	104,639		$	265,367		$	30,036		$	(295,403	)	$	104,639		$	29,057		$	(29,732	)	$	103,964
Comprehensive income attributable to HollyFrontier stockholders	$	103,279		$	265,443		$	30,036		$	(295,403	)	$	103,355		$	29,795		$	(29,732	)	$	103,418

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2012	Parent			Guarantor Restricted Subsidiaries			Non- Guarantor Restricted Subsidiaries			HollyFrontier Corp. Before Consolidation of HEP			Non-Guarantor Non-Restricted Subsidiaries (HEP Segment)			Eliminations			Consolidated
	(In thousands)
Cash flows from operating activities	$	1,596,358		$	(33,004	)	$	1,286		$	1,564,640		$	162,036		$	(63,989	)	$	1,662,687
Cash flows from investing activities
Additions to properties, plants and equip	(7,965		)	(282,369		)	—			(290,334		)	—			—			(290,334		)
Additions to properties, plants and equip – HEP	—			—			—			—			(44,929		)	—			(44,929		)
Investment in Sabine Biofuels	—			(2,000		)	—			(2,000		)	—			—			(2,000		)
Purchases of marketable securities	(671,552		)	—			—			(671,552		)	—			—			(671,552		)
Sales and maturities of marketable securities	296,780			931			—			297,711			—			—			297,711
	(382,737		)	(283,438		)	—			(666,175		)	(44,929		)	—			(711,104		)
Cash flows from financing activities
Net borrowings under credit agreement – HEP	—			—			—			—			221,000			—			221,000
Repayment of promissory notes	—			72,900			—			72,900			(72,900		)	—			—
Net proceeds from issuance of senior notes - HEP	—			—			—			—			294,750			—			294,750
Principal tender on senior notes	(205,000		)	—			—			(205,000		)	—			—			(205,000		)
Principal tender on senior notes - HEP	—			—			—			—			(185,000		)	—			(185,000		)
Purchase of treasury stock	(209,600		)	—			—			(209,600		)	—			—			(209,600		)
Structured stock repurchase agreement	8,620			—			—			8,620			—			—			8,620
Contribution from joint venture partner	—			—			—			—			6,000			—			6,000
Contribution from general partner	—			(9,000		)	(1,286		)	(10,286		)	10,286			—			—
Distribution from HEP upon UNEV transfer	—			260,922			—			260,922			(260,922		)	—			—
Dividends	(658,085		)	—			—			(658,085		)	—			—			(658,085		)
Distributions to noncontrolling interest	—			—			—			—			(122,777		)	63,989			(58,788		)
Excess tax benefit from equity-based compensation	23,361			—			—			23,361			—			—			23,361
Purchase of units for incentive grants - HEP	—			—			—			—			(5,240		)	—			(5,240		)
Deferred financing costs	—			(67		)	—			(67		)	(3,238		)	—			(3,305		)
Other	—			(1,303		)	—			(1,303		)	(198		)	—			(1,501		)
	(1,040,704		)	323,452			(1,286		)	(718,538		)	(118,239		)	63,989			(772,788		)
Cash and cash equivalents
Increase (decrease) for the period	172,917			7,010			—			179,927			(1,132		)	—			178,795
Beginning of period	1,575,891			(3,358		)	2			1,572,535			6,369			—			1,578,904
End of period	$	1,748,808		$	3,652		$	2		$	1,752,462		$	5,237		$	—		$	1,757,699

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2011	Parent			Guarantor Restricted Subsidiaries			Non- Guarantor Restricted Subsidiaries			HollyFrontier Corp. Before Consolidation of HEP			Non-Guarantor Non-Restricted Subsidiaries (HEP Segment)			Eliminations			Consolidated
	(In thousands)
Cash flows from operating activities	$	1,933,208		$	(669,379	)	$	5,887		$	1,269,716		$	108,948		$	(40,273	)	$	1,338,391
Cash flows from investing activities:
Additions to properties, plants and equip	(7,585		)	(150,441		)	—			(158,026		)	—			—			(158,026		)
Additions to properties, plants and equip – HEP	—			—			—			—			(216,215		)	—			(216,215		)
Increase in cash due to merger with Frontier	182			872,557			—			872,739			—			—			872,739
Investment in Sabine Biofuels	(9,125		)	—			—			(9,125		)	—			—			(9,125		)
Purchases of marketable securities	(561,899		)	—			—			(561,899		)	—			—			(561,899		)
Sales and maturities of marketable securities	301,020			—			—			301,020			—			—			301,020
	(277,407		)	722,116			—			444,709			(216,215		)	—			228,494
Cash flows from financing activities:
Net borrowings under credit agreement – HEP	—			—			—			—			41,000			—			41,000
Repayments of promissory notes	—			77,100			—			77,100			(77,100		)	—			—
Proceeds from issuance of common units – HEP	—			—			—			—			75,815			—			75,815
Purchase of treasury stock	(42,795		)	—			—			(42,795		)	—			—			(42,795		)
Principal tender on senior notes – HFC	(8,203		)	—			—			(8,203		)	—			—			(8,203		)
Contribution to HEP	—			(123,000		)	(5,887		)	(128,887		)	128,887			—			—
Contribution from UNEV joint venture partner	—			—			—			—			33,500			—			33,500
Dividends	(252,133		)	—			—			(252,133		)	—			—			(252,133		)
Distributions to noncontrolling interest	—			—			—			—			(91,506		)	40,632			(50,874		)
Excess tax benefit from equity-based compensation	1,804			—			—			1,804			—			—			1,804
Purchase of units for restricted grants - HEP	—			—			—			—			(1,641		)	—			(1,641		)
Deferred financing costs	(8,665		)	—			—			(8,665		)	(3,150		)	—			(11,815		)
Other	—			(1,160		)	—			(1,160		)	(221		)	(359		)	(1,740		)
	(309,992		)	(47,060		)	(5,887		)	(362,939		)	105,584			40,273			(217,082		)
Cash and cash equivalents
Increase (decrease) for the period:	1,345,809			5,677			—			1,351,486			(1,683		)	—			1,349,803
Beginning of period	230,082			(9,035		)	2			221,049			8,052			—			229,101
End of period	$	1,575,891		$	(3,358	)	$	2		$	1,572,535		$	6,369		$	—		$	1,578,904

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2010	Parent			Guarantor Restricted Subsidiaries			Non- Guarantor Restricted Subsidiaries		HollyFrontier Corp. Before Consolidation of HEP			Non-Guarantor Non-Restricted Subsidiaries (HEP Segment)			Eliminations			Consolidated
	(In thousands)
Cash flows from operating activities	$	140,934		$	70,949		$	—	$	211,883		$	107,721		$	(36,349	)	$	283,255
Cash flows from investing activities:
Additions to properties, plants and equip	(1,573		)	(102,149		)	—		(103,722		)	—			—			(103,722		)
Additions to properties, plants and equip – HEP	—			—			—		—			(109,510		)	—			(109,510		)
Proceeds from sale of assets	—			39,040			—		39,040			(39,040		)	—			—
	(1,573		)	(63,109		)	—		(64,682		)	(148,550		)	—			(213,232		)
Cash flows from financing activities:
Net repayments under credit agreement – HEP	—			—			—		—			(47,000		)	—			(47,000		)
Proceeds from issuance of senior notes – HEP	—			—			—		—			147,540			—			147,540
Purchase of treasury stock	(1,368		)	—			—		(1,368		)	—			—			(1,368		)
Contribution to HEP	—			(57,000		)	—		(57,000		)	57,000			—			—
Contribution from UNEV joint venture partner	—			—			—		—			23,500			—			23,500
Dividends	(31,868		)	—			—		(31,868		)	—			—			(31,868		)
Purchase price in excess of transferred basis in assets	—			54,046			—		54,046			(54,046		)	—			—
Distributions to noncontrolling interest	—			—			—		—			(84,426		)	35,933			(48,493		)
Excess tax benefit from equity-based compensation	(1,094		)	—			—		(1,094		)	—			—			(1,094		)
Purchase of units for restricted grants - HEP	—			—			—		—			(2,704		)	—			(2,704		)
Deferred financing costs	(2,627		)	—			—		(2,627		)	(494		)	—			(3,121		)
Other	118			(1,444		)	—		(1,326		)	—			416			(910		)
	(36,839		)	(4,398		)	—		(41,237		)	39,370			36,349			34,482
Cash and cash equivalents
Increase (decrease) for the period:	102,522			3,442			—		105,964			(1,459		)	—			104,505
Beginning of period	127,560			(12,477		)	2		115,085			9,511			—			124,596
End of period	$	230,082		$	(9,035	)	$	2	$	221,049		$	8,052		$	—		$	229,101