Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Provision For Income Taxes

The provision for income taxes is comprised of the following:

	Years Ended December 31,
	2014			2013		2012
	(In thousands)
Current
Federal	$	294,509		$	270,024	$	797,406
State	40,325			7,148		135,148
Deferred
Federal	(168,756		)	94,896		70,671
State	(24,906		)	19,508		24,737
	$	141,172		$	391,576	$	1,027,962

Reconciliation Of Effective Tax Rate

The statutory federal income tax rate applied to pre-tax book income reconciles to income tax expense as follows:

	Years Ended December 31,
	2014			2013			2012
	(In thousands)
Tax computed at statutory rate	$	163,625		$	405,790		$	975,798
State income taxes, net of federal tax benefit	13,641			21,363			110,739
Domestic production activities deduction	(20,998		)	(22,101		)	(54,745		)
Noncontrolling interest in net income	(17,431		)	(12,378		)	(12,783		)
Uncertain tax positions	—			(193		)	7,309
Other	2,335			(905		)	1,644
	$	141,172		$	391,576		$	1,027,962

Deferred Tax Assets And Liabilities

Our deferred income tax assets and liabilities as of December 31, 2014 and 2013 are as follows:

	December 31, 2014
	Assets		Liabilities			Total
	(In thousands)
Deferred income taxes
Accrued employee benefits	$	6,854	$	—		$	6,854
Accrued environmental costs	5,930		—			5,930
Hedging instruments	—		(21,185		)	(21,185		)
Inventory differences	—		(7,375		)	(7,375		)
Prepaid insurance	—		(4,793		)	(4,793		)
Prepayments and other	3,160		—			3,160
Total current	15,944		(33,353		)	(17,409		)
Properties, plants and equipment (due primarily to tax in excess of book depreciation)	—		(581,017		)	(581,017		)
Accrued employee benefits	16,120		—			16,120
Accrued post-retirement benefits	9,716		—			9,716
Accrued environmental costs	24,814		—			24,814
Hedging instruments	9,584		—			9,584
Deferred turnaround costs	—		(110,827		)	(110,827		)
Net operating loss and tax credit carryforwards	10,119		—			10,119
Investment in HEP	—		(25,244		)	(25,244		)
Other	—		(135		)	(135		)
Total noncurrent	70,353		(717,223		)	(646,870		)
Total	$	86,297	$	(750,576	)	$	(664,279	)

	December 31, 2013
	Assets		Liabilities			Total
	(In thousands)
Deferred income taxes
Accrued employee benefits	$	3,138	$	—		$	3,138
Accrued environmental costs	5,010		—			5,010
Hedging instruments	12,417		—			12,417
Inventory differences	—		(235,823		)	(235,823		)
Prepaid insurance	—		(7,222		)	(7,222		)
Prepayments and other	—		(1,519		)	(1,519		)
Total current	20,565		(244,564		)	(223,999		)
Properties, plants and equipment (due primarily to tax in excess of book depreciation)	—		(578,958		)	(578,958		)
Accrued employee benefits	41,997		—			41,997
Accrued post-retirement benefits	—		(8,071		)	(8,071		)
Accrued environmental costs	20,431		—			20,431
Hedging instruments	3,744		—			3,744
Deferred turnaround costs	—		(101,158		)	(101,158		)
Net operating loss and tax credit carryforwards	24,086		—			24,086
Investment in HEP	—		(29,771		)	(29,771		)
Other	10,858		—			10,858
Total noncurrent	101,116		(717,958		)	(616,842		)
Total	$	121,681	$	(962,522	)	$	(840,841	)

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	Years Ended December 31,
	2014			2013			2012
	(In thousands)
Balance at January 1	$	9,006		$	12,641		$	2,425
Additions for tax positions of prior years	—			25,728			10,305
Reductions for tax positions of prior years	—			(5,092		)	(89		)
Settlements	(9,006		)	(24,271		)	—
Balance at December 31	$	—		$	9,006		$	12,641