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Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information
Quarterly Information (Unaudited)

 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Year
 
 
(In thousands, except per share data)
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
Sales and other revenues
 
$
2,018,724

 
$
2,714,638

 
$
2,847,270

 
$
2,955,068

 
$
10,535,700

Operating costs and expenses
 
$
1,935,126

 
$
3,135,180

 
$
2,722,505

 
$
2,842,776

 
$
10,635,587

Income (loss) from operations (1,2)
 
$
83,598

 
$
(420,542
)
 
$
124,765

 
$
112,292

 
$
(99,887
)
Income (loss) before income taxes
 
$
65,698

 
$
(430,515
)
 
$
109,867

 
$
83,416

 
$
(171,534
)
Net income (loss) attributable to HollyFrontier stockholders
 
$
21,253

 
$
(409,368
)
 
$
74,497

 
$
53,165

 
$
(260,453
)
Net income (loss) per share attributable to HollyFrontier stockholders - basic
 
$
0.12

 
$
(2.33
)
 
$
0.42

 
$
0.30

 
$
(1.48
)
Net income (loss) per share attributable to HollyFrontier stockholders - diluted
 
$
0.12

 
$
(2.33
)
 
$
0.42

 
$
0.30

 
$
(1.48
)
Dividends per common share
 
$
0.33

 
$
0.33

 
$
0.33

 
$
0.33

 
$
1.32

Average number of shares of common stock outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
176,737

 
175,865

 
175,871

 
175,936

 
176,101

Diluted
 
176,784

 
175,865

 
175,993

 
176,137

 
176,101

 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
Sales and other revenues
 
$
3,006,626

 
$
3,701,912

 
$
3,585,823

 
$
2,943,559

 
$
13,237,920

Operating costs and expenses
 
$
2,618,004

 
$
3,112,080

 
$
3,263,218

 
$
3,000,265

 
$
11,993,567

Income (loss) from operations (3)
 
$
388,622

 
$
589,832

 
$
322,605

 
$
(56,706
)
 
$
1,244,353

Income (loss) before income taxes
 
$
372,389

 
$
580,177

 
$
320,673

 
$
(64,671
)
 
$
1,208,568

Net income (loss) attributable to HollyFrontier stockholders
 
$
226,876

 
$
360,824

 
$
196,322

 
$
(43,921
)
 
$
740,101

Net income (loss) per share attributable to HollyFrontier stockholders - basic
 
$
1.16

 
$
1.88

 
$
1.05

 
$
(0.24
)
 
$
3.91

Net income (loss) per share attributable to HollyFrontier stockholders - diluted
 
$
1.16

 
$
1.88

 
$
1.04

 
$
(0.24
)
 
$
3.90

Dividends per common share
 
$
0.32

 
$
0.33

 
$
0.33

 
$
0.33

 
$
1.31

Average number of shares of common stock outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
195,069

 
191,355

 
187,208

 
181,460

 
188,731

Diluted
 
195,121

 
191,454

 
187,344

 
181,460

 
188,940


(1) For 2016, income from operations reflects non-cash lower of cost or market inventory valuation reductions of $56.1 million and $138.5 million for the first and second quarters, respectively, and a charge of $0.3 million for the third quarter and a reduction of $97.7 million for the fourth quarter.
(2) For 2016, income from operations reflects non-cash goodwill and long-lived asset impairment charges of $654.1 million in the second quarter.

(3) For 2015, income from operations reflects non-cash lower of cost or market inventory valuation reductions of $6.5 million and $135.5 million for the first and second quarters, respectively, and increases of $225.5 million and $143.6 million for the third and fourth quarters, respectively.