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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents (HEP: $3,657 and $15,013, respectively) $ 710,579 $ 66,533
Marketable securities 424,148 144,019
Total cash, cash equivalents and short-term marketable securities 1,134,727 210,552
Accounts receivable: Product and transportation (HEP: $7,846 and $8,593, respectively) 449,036 323,858
Crude oil resales 30,163 28,120
Accounts receivable, total 479,199 351,978
Crude oil and refined products 970,361 712,865
Materials, supplies and other (HEP: $1,402 and $1,972, respectively) 165,315 129,004
Total inventory 1,135,676 841,869
Income taxes receivable 68,371 0
Prepayments and other (HEP: $1,486 and $3,082, respectively) 33,036 43,666
Total current assets 2,851,009 1,448,065
Properties, plants and equipment, at cost (HEP: $1,702,703 and $1,631,845, respectively) 5,546,856 5,490,189
Less accumulated depreciation (HEP: ($337,135) and $(298,282), respectively) (1,538,408) (1,374,527)
Property, plant and equipment, net 4,008,448 4,115,662
Other assets: Turnaround costs 217,340 231,873
Goodwill (HEP: $288,991 and $288,991, respectively) 2,022,463 2,331,781
Intangibles and other (HEP: $208,975 and $128,583, respectively) 336,401 260,918
Other assets, total 2,576,204 2,824,572
Total assets 9,435,661 8,388,299
Current liabilities:    
Accounts payable (HEP: $10,518 and $10,948, respectively) 935,387 716,490
Income taxes payable 0 8,142
Accrued liabilities (HEP: $37,793 and $26,341, respectively) 147,842 135,983
Total current liabilities 1,083,229 860,615
Long-term debt (HEP: $1,243,912 and $1,008,752, respectively) 2,235,137 1,040,040
Deferred income taxes (HEP: $509 and $431, respectively) 620,414 497,906
Other long-term liabilities (HEP: $62,971 and $59,376, respectively) 194,896 179,965
HollyFrontier stockholders’ equity:    
Preferred stock, $1.00 par value – 5,000,000 shares authorized; none issued 0 0
Common stock $.01 par value – 320,000,000 shares authorized; 255,962,866 shares issued as of December 31, 2016 and December 31, 2015 2,560 2,560
Additional capital 4,026,805 4,011,052
Retained earnings 2,776,728 3,271,189
Accumulated other comprehensive income (loss) 10,612 (4,155)
Common stock held in treasury, at cost – 78,617,600 and 75,728,478 shares as of December 31, 2016 and December 31, 2015, respectively (2,135,311) (2,027,231)
Total HollyFrontier stockholders’ equity 4,681,394 5,253,415
Noncontrolling interest 620,591 556,358
Total equity 5,301,985 5,809,773
Total liabilities and equity 9,435,661 8,388,299
HEP    
Current assets:    
Cash and cash equivalents (HEP: $3,657 and $15,013, respectively) 3,657 15,013
Accounts receivable: Product and transportation (HEP: $7,846 and $8,593, respectively) 7,846 8,593
Materials, supplies and other (HEP: $1,402 and $1,972, respectively) 1,402 1,972
Prepayments and other (HEP: $1,486 and $3,082, respectively) 1,486 3,082
Properties, plants and equipment, at cost (HEP: $1,702,703 and $1,631,845, respectively) 1,702,703 1,631,845
Less accumulated depreciation (HEP: ($337,135) and $(298,282), respectively) (337,135) (298,282)
Goodwill (HEP: $288,991 and $288,991, respectively) 288,991 288,991
Intangibles and other (HEP: $208,975 and $128,583, respectively) 208,975 128,583
Current liabilities:    
Accounts payable (HEP: $10,518 and $10,948, respectively) 10,518 10,948
Accrued liabilities (HEP: $37,793 and $26,341, respectively) 37,793 26,341
Deferred income taxes (HEP: $509 and $431, respectively) 509 431
Other long-term liabilities (HEP: $62,971 and $59,376, respectively) $ 62,971 $ 59,376