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Segment Information
 9 Months Ended
Sep. 30, 2013
Segment Information [Abstract]  
Segment Information
Segment Information

Our operations are organized into two reportable segments, Refining and HEP. Our operations that are not included in the Refining and HEP segments are included in Corporate and Other. Intersegment transactions are eliminated in our consolidated financial statements and are included in Consolidations and Eliminations.

The Refining segment represents the operations of the El Dorado, Tulsa, Navajo, Cheyenne and Woods Cross Refineries and NK Asphalt (aggregated as a reportable segment). Refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products, such as gasoline, diesel fuel and jet fuel. These petroleum products are primarily marketed in the Mid-Continent, Southwest and Rocky Mountain regions of the United States. Additionally, the Refining segment includes specialty lubricant products produced at our Tulsa Refineries that are marketed throughout North America and are distributed in Central and South America. NK Asphalt operates various asphalt terminals in Arizona and New Mexico.

The HEP segment includes all of the operations of HEP, a consolidated VIE, which owns and operates logistics assets consisting of petroleum product and crude oil pipelines and terminal, tankage and loading rack facilities in the Mid-Continent, Southwest and Rocky Mountain regions of the United States. The HEP segment also includes a 75% interest in UNEV (a consolidated subsidiary of HEP) and a 25% interest in the SLC Pipeline. Revenues from the HEP segment are earned through transactions with unaffiliated parties for pipeline transportation, rental and terminalling operations as well as revenues relating to pipeline transportation services provided for our refining operations. Our revaluation of HEP’s assets and liabilities at March 1, 2008 (date of reconsolidation) resulted in basis adjustments to our consolidated HEP balances. Therefore, our reported amounts for the HEP segment may not agree to amounts reported in HEP’s periodic public filings.

The accounting policies for our segments are the same as those described in the summary of significant accounting policies in our Annual Report on Form 10-K for the year ended December 31, 2012.
 
 
Refining
 
HEP
 
Corporate
and Other
 
Consolidations
and Eliminations
 
Consolidated
Total
 
 
(In thousands)
Three Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
Sales and other revenues
 
$
5,314,954

 
$
77,625

 
$
257

 
$
(65,714
)
 
$
5,327,122

Depreciation and amortization
 
$
61,553

 
$
19,042

 
$
1,739

 
$
(207
)
 
$
82,127

Income (loss) from operations
 
$
144,508

 
$
34,481

 
$
(28,701
)
 
$
(538
)
 
$
149,750

Capital expenditures
 
$
92,918

 
$
14,238

 
$
8,230

 
$
—

 
$
115,386

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
 
Sales and other revenues
 
$
5,192,649

 
$
72,570

 
$
352

 
$
(60,773
)
 
$
5,204,798

Depreciation and amortization
 
$
47,555

 
$
12,971

 
$
4,793

 
$
(207
)
 
$
65,112

Income (loss) from operations
 
$
973,837

 
$
36,876

 
$
(31,861
)
 
$
(548
)
 
$
978,304

Capital expenditures
 
$
70,069

 
$
5,683

 
$
3,765

 
$
—

 
$
79,517

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
Sales and other revenues
 
$
15,294,261

 
$
229,230

 
$
1,054

 
$
(190,786
)
 
$
15,333,759

Depreciation and amortization
 
$
172,166

 
$
48,410

 
$
4,426

 
$
(621
)
 
$
224,381

Income (loss) from operations
 
$
1,145,487

 
$
102,347

 
$
(87,319
)
 
$
(1,564
)
 
$
1,158,951

Capital expenditures
 
$
231,416

 
$
31,099

 
$
23,674

 
$
—

 
$
286,189

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
 
Sales and other revenues
 
$
14,908,033

 
$
207,250

 
$
653

 
$
(172,719
)
 
$
14,943,217

Depreciation and amortization
 
$
133,087

 
$
38,683

 
$
7,013

 
$
(621
)
 
$
178,162

Income (loss) from operations
 
$
2,200,564

 
$
100,918

 
$
(88,889
)
 
$
(1,588
)
 
$
2,211,005

Capital expenditures
 
$
171,865

 
$
29,302

 
$
6,370

 
$
—

 
$
207,537

 
 
Refining
 
HEP
 
Corporate and Other
 
Consolidations and Eliminations
 
Consolidated Total
 
 
(In thousands)
September 30, 2013
 
 
 
 
 
 
 
 
 
 
Cash, cash equivalents and investments in marketable securities
 
$
40

 
$
11,220

 
$
1,945,388

 
$
—

 
$
1,956,648

Total assets
 
$
7,285,965

 
$
1,413,368

 
$
2,129,518

 
$
(330,207
)
 
$
10,498,644

Long-term debt
 
$
—

 
$
809,391

 
$
205,943

 
$
(15,450
)
 
$
999,884

 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
Cash, cash equivalents and investments in marketable securities
 
$
2,101

 
$
5,237

 
$
2,386,063

 
$
—

 
$
2,393,401

Total assets
 
$
6,702,872

 
$
1,426,800

 
$
2,531,967

 
$
(332,642
)
 
$
10,328,997

Long-term debt
 
$
—

 
$
864,673

 
$
487,472

 
$
(15,907
)
 
$
1,336,238



HEP segment revenues from external customers were $12.2 million and $11.9 million for the three months ended September 30, 2013 and 2012, respectively, and $37.1 million and $34.7 million for the nine months ended September 30, 2013 and 2012, respectively.