XML 26 R67.htm IDEA: XBRL DOCUMENT v3.2.0.727
Supplemental Guarantor/Non-Guarantor Financial Information Consolidating Statement of Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Condensed Financial Statements, Captions [Line Items]        
Sales and other revenues $ 3,701,912 $ 5,372,600 $ 6,708,538 $ 10,163,653
Cost of products sold 2,887,475 4,674,846 5,138,848 8,813,466
Lower of cost or market inventory valuation adjustment (135,480) 0 (142,026) 0
Operating Costs 246,165 271,654 509,761 545,620
General and administrative 26,117 28,365 55,686 55,288
Depreciation and amortization 87,803 101,390 167,815 181,938
Total operating costs and expenses 3,112,080 5,076,255 5,730,084 9,596,312
Income (loss) from operations 589,832 296,345 978,454 567,341
Earnings (loss) of equity method investments 631 (908) (7,176) (1,709)
Interest income (expense) (9,791) (8,952) (18,983) (19,894)
Loss on early extinguishment of debt (1,368) 0 (1,368) (7,677)
Gain on sale of assets 873 0 1,639 0
Nonoperating Income (Expense) (9,655) (9,860) (25,888) (29,280)
Income (Loss) before Income Taxes 580,177 286,485 952,566 538,061
Income tax provision 206,990 101,332 336,718 188,946
Net income 373,187 185,153 615,848 349,115
Less net income attributable to noncontrolling interest 12,363 8,724 28,148 20,625
Net income attributable to HollyFrontier stockholders 360,824 176,429 587,700 328,490
Comprehensive income attributable to HollyFrontier stockholders 357,142 197,805 572,496 403,108
Parent Company [Member]        
Condensed Financial Statements, Captions [Line Items]        
Sales and other revenues 168 179 274 280
Cost of products sold 0 0 0 0
Lower of cost or market inventory valuation adjustment 0   0  
Operating Costs 0 0 0 0
General and administrative 22,808 24,343 48,632 45,450
Depreciation and amortization 2,582 2,010 4,908 3,800
Total operating costs and expenses 25,390 26,353 53,540 49,250
Income (loss) from operations (25,222) (26,174) (53,266) (48,970)
Earnings (loss) of equity method investments 593,825 303,788 978,226 566,147
Interest income (expense) (537) (373) (839) (797)
Loss on early extinguishment of debt (1,368)   (1,368) 0
Gain on sale of assets 714   720  
Nonoperating Income (Expense) 592,634 303,415 976,739 565,350
Income (Loss) before Income Taxes 567,412 277,241 923,473 516,380
Income tax provision 207,054 101,304 336,681 188,843
Net income 360,358 175,937 586,792 327,537
Less net income attributable to noncontrolling interest 0 0 0 0
Net income attributable to HollyFrontier stockholders 360,358 175,937 586,792 327,537
Comprehensive income attributable to HollyFrontier stockholders 356,676 197,313 571,588 402,155
Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Sales and other revenues 3,686,476 5,362,277 6,675,868 10,137,400
Cost of products sold 2,954,989 4,738,586 5,277,870 8,948,308
Lower of cost or market inventory valuation adjustment (135,480)   (142,026)  
Operating Costs 220,790 247,451 456,793 498,927
General and administrative 571 1,469 986 4,095
Depreciation and amortization 74,120 87,473 141,044 154,580
Total operating costs and expenses 3,114,990 5,074,979 5,734,667 9,605,910
Income (loss) from operations 571,486 287,298 941,201 531,490
Earnings (loss) of equity method investments 20,334 14,546 32,369 30,568
Interest income (expense) 1,918 1,944 3,967 4,089
Loss on early extinguishment of debt 0   0 0
Gain on sale of assets 87   689  
Nonoperating Income (Expense) 22,339 16,490 37,025 34,657
Income (Loss) before Income Taxes 593,825 303,788 978,226 566,147
Income tax provision 0 0 0 0
Net income 593,825 303,788 978,226 566,147
Less net income attributable to noncontrolling interest 0 0 0 0
Net income attributable to HollyFrontier stockholders 593,825 303,788 978,226 566,147
Comprehensive income attributable to HollyFrontier stockholders 588,016 338,556 953,098 687,940
Non Guarantor Restricted Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Sales and other revenues 0 (36) 0 935
Cost of products sold 0 0 0 0
Lower of cost or market inventory valuation adjustment 0   0  
Operating Costs 0 0 0 0
General and administrative 42 37 82 76
Depreciation and amortization 8 0 16 0
Total operating costs and expenses 50 37 98 76
Income (loss) from operations (50) (73) (98) 859
Earnings (loss) of equity method investments 20,175 16,132 40,617 32,415
Interest income (expense) 199 143 374 273
Loss on early extinguishment of debt 0   0 0
Gain on sale of assets 0   0  
Nonoperating Income (Expense) 20,374 16,275 40,991 32,688
Income (Loss) before Income Taxes 20,324 16,202 40,893 33,547
Income tax provision 0 0 0 0
Net income 20,324 16,202 40,893 33,547
Less net income attributable to noncontrolling interest (10) 0 (17) 0
Net income attributable to HollyFrontier stockholders 20,334 16,202 40,910 33,547
Comprehensive income attributable to HollyFrontier stockholders 20,422 15,909 40,703 33,291
Eliminations From Consolidation Of Restricted Subsidiaries Member        
Condensed Financial Statements, Captions [Line Items]        
Sales and other revenues 0 0 0 0
Cost of products sold 0 0 0 0
Lower of cost or market inventory valuation adjustment 0   0  
Operating Costs 0 0 0 0
General and administrative 0 0 0 0
Depreciation and amortization 0 0 0 0
Total operating costs and expenses 0 0 0 0
Income (loss) from operations 0 0 0 0
Earnings (loss) of equity method investments (614,159) (319,990) (1,019,136) (599,694)
Interest income (expense) 0 0 0 0
Loss on early extinguishment of debt 0   0 0
Gain on sale of assets 0   0  
Nonoperating Income (Expense) (614,159) (319,990) (1,019,136) (599,694)
Income (Loss) before Income Taxes (614,159) (319,990) (1,019,136) (599,694)
Income tax provision 0 0 0 0
Net income (614,159) (319,990) (1,019,136) (599,694)
Less net income attributable to noncontrolling interest 0 0 0 0
Net income attributable to HollyFrontier stockholders (614,159) (319,990) (1,019,136) (599,694)
Comprehensive income attributable to HollyFrontier stockholders (608,438) (354,465) (993,801) (721,231)
Holly Frontier Corp. Before Consolidation Of HEP [Member]        
Condensed Financial Statements, Captions [Line Items]        
Sales and other revenues 3,686,644 5,362,420 6,676,142 10,138,615
Cost of products sold 2,954,989 4,738,586 5,277,870 8,948,308
Lower of cost or market inventory valuation adjustment (135,480)   (142,026)  
Operating Costs 220,790 247,451 456,793 498,927
General and administrative 23,421 25,849 49,700 49,621
Depreciation and amortization 76,710 89,483 145,968 158,380
Total operating costs and expenses 3,140,430 5,101,369 5,788,305 9,655,236
Income (loss) from operations 546,214 261,051 887,837 483,379
Earnings (loss) of equity method investments 20,175 14,476 32,076 29,436
Interest income (expense) 1,580 1,714 3,502 3,565
Loss on early extinguishment of debt (1,368)   (1,368) 0
Gain on sale of assets 801   1,409  
Nonoperating Income (Expense) 21,188 16,190 35,619 33,001
Income (Loss) before Income Taxes 567,402 277,241 923,456 516,380
Income tax provision 207,054 101,304 336,681 188,843
Net income 360,348 175,937 586,775 327,537
Less net income attributable to noncontrolling interest (10) 0 (17) 0
Net income attributable to HollyFrontier stockholders 360,358 175,937 586,792 327,537
Comprehensive income attributable to HollyFrontier stockholders 356,676 197,313 571,588 402,155
Non-Guarantor Non-Restricted Subsidiaries (HEP Segment) [Member]        
Condensed Financial Statements, Captions [Line Items]        
Sales and other revenues 83,479 75,024 173,235 162,036
Cost of products sold 0 0 0 0
Lower of cost or market inventory valuation adjustment 0   0  
Operating Costs 25,289 24,567 53,255 47,379
General and administrative 2,696 2,516 5,986 5,667
Depreciation and amortization 14,660 15,477 28,950 30,661
Total operating costs and expenses 42,645 42,560 88,191 83,707
Income (loss) from operations 40,834 32,464 85,044 78,329
Earnings (loss) of equity method investments 631 748 1,365 1,270
Interest income (expense) (9,053) (8,329) (17,820) (18,780)
Loss on early extinguishment of debt 0   0 (7,677)
Gain on sale of assets 72   230  
Nonoperating Income (Expense) (8,350) (7,581) (16,225) (25,187)
Income (Loss) before Income Taxes 32,484 24,883 68,819 53,142
Income tax provision (64) 28 37 103
Net income 32,548 24,855 68,782 53,039
Less net income attributable to noncontrolling interest 1,743 1,416 5,770 5,053
Net income attributable to HollyFrontier stockholders 30,805 23,439 63,012 47,986
Comprehensive income attributable to HollyFrontier stockholders 30,893 23,145 62,805 47,730
Consolidation, Eliminations [Member]        
Condensed Financial Statements, Captions [Line Items]        
Sales and other revenues (68,211) (64,844) (140,839) (136,998)
Cost of products sold (67,514) (63,740) (139,022) (134,842)
Lower of cost or market inventory valuation adjustment 0   0  
Operating Costs 86 (364) (287) (686)
General and administrative 0 0 0 0
Depreciation and amortization (3,567) (3,570) (7,103) (7,103)
Total operating costs and expenses (70,995) (67,674) (146,412) (142,631)
Income (loss) from operations 2,784 2,830 5,573 5,633
Earnings (loss) of equity method investments (20,175) (16,132) (40,617) (32,415)
Interest income (expense) (2,318) (2,337) (4,665) (4,679)
Loss on early extinguishment of debt 0   0 0
Gain on sale of assets 0   0  
Nonoperating Income (Expense) (22,493) (18,469) (45,282) (37,094)
Income (Loss) before Income Taxes (19,709) (15,639) (39,709) (31,461)
Income tax provision 0 0 0 0
Net income (19,709) (15,639) (39,709) (31,461)
Less net income attributable to noncontrolling interest 10,630 7,308 22,395 15,572
Net income attributable to HollyFrontier stockholders (30,339) (22,947) (62,104) (47,033)
Comprehensive income attributable to HollyFrontier stockholders $ (30,427) $ (22,653) $ (61,897) $ (46,777)