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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Sales and other revenues $ 10,535,700 $ 13,237,920 $ 19,764,327
Operating costs and expenses:      
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment) 8,765,927 10,239,218 17,228,385
Lower of cost or market inventory valuation adjustment (291,938) 226,979 397,478
Cost of products sold (exclusive of depreciation and amortization) 8,473,989 10,466,197 17,625,863
Operating expenses (exclusive of depreciation and amortization) 1,018,839 1,060,373 1,144,940
General and administrative expenses (exclusive of depreciation and amortization) 125,648 120,846 114,609
Depreciation and amortization 363,027 346,151 363,381
Goodwill and asset impairment 654,084 0 0
Total operating costs and expenses 10,635,587 11,993,567 19,248,793
Income from operations (99,887) [1],[2] 1,244,353 [3] 515,534
Other income (expense):      
Earnings (loss) of equity method investments 14,213 (3,738) (2,007)
Interest income 2,491 3,391 4,430
Interest expense (72,192) (43,470) (43,646)
Loss on early extinguishment of debt (8,718) (1,370) (7,677)
Gain on sale of assets and other (7,441) 9,402 866
Other income (expense) total (71,647) (35,785) (48,034)
Income (loss) before income taxes (171,534) 1,208,568 467,500
Income tax provision:      
Current (79,181) 552,196 334,834
Deferred 98,592 (146,136) (193,662)
Income tax provision total 19,411 406,060 141,172
Net income (loss) (190,945) 802,508 326,328
Less net income attributable to noncontrolling interest 69,508 62,407 45,036
Net income (loss) attributable to HollyFrontier stockholders $ (260,453) $ 740,101 $ 281,292
Earnings (loss) per share attributable to HollyFrontier stockholders:      
Basic (in dollars per share) $ (1.48) $ 3.91 $ 1.42
Diluted (in dollars per share) $ (1.48) $ 3.90 $ 1.42
Average number of common shares outstanding:      
Average number of shares of common stock outstanding - Basic 176,101 188,731 197,243
Average number of shares of common stock outstanding - Diluted 176,101 188,940 197,428
[1] For 2016, income from operations reflects non-cash goodwill and long-lived asset impairment charges of $654.1 million in the second quarter.
[2] 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.
[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.