XML 15 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents (HEP: $7,007 and $3,657, respectively) $ 129,512 $ 710,579
Marketable securities 0 424,148
Total cash, cash equivalents and short-term marketable securities 129,512 1,134,727
Accounts receivable: Product and transportation (HEP: $10,111 and $7,846, respectively) 540,585 449,036
Crude oil resales 60,532 30,163
Accounts receivable, total 601,117 479,199
Inventories: Crude oil and refined products 1,168,589 970,361
Materials and supplies (HEP: $1,454 and $1,402, respectively) 148,908 165,315
Inventories, total 1,317,497 1,135,676
Income taxes receivable 87,384 68,371
Prepayments and other (HEP: $1,716 and $1,486, respectively) 33,329 33,036
Total current assets 2,168,839 2,851,009
Properties, plants and equipment, at cost (HEP: $1,711,865 and $1,702,703, respectively) 6,059,216 5,546,856
Less accumulated depreciation (HEP: $(354,543) and $(337,135), respectively) (1,605,541) (1,538,408)
Properties, plants and equipment, net 4,453,675 4,008,448
Other assets: Turnaround costs 265,959 217,340
Goodwill (HEP: $288,991 and $288,991, respectively) 2,198,330 2,022,463
Intangibles and other (HEP: $204,556 and $208,975, respectively) 455,549 336,401
Other assets, total 2,919,838 2,576,204
Total assets 9,542,352 9,435,661
Current liabilities:    
Accounts payable (HEP: $11,459 and $10,518, respectively) 953,928 935,387
Income taxes payable 288 0
Accrued liabilities (HEP: $24,511 and $37,793, respectively) 187,440 147,842
Total current liabilities 1,141,656 1,083,229
Long-term debt (HEP: $1,240,565 and $1,243,912, respectively) 2,231,542 2,235,137
Deferred income taxes (HEP: $574 and $509, respectively) 737,173 620,414
Other long-term liabilities (HEP: $62,828 and $62,971, respectively) 208,787 194,896
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 March 31, 2017 and December 31, 2016 2,560 2,560
Additional capital 4,045,513 4,026,805
Retained earnings 2,672,269 2,776,728
Accumulated other comprehensive income 8,124 10,612
Common stock held in treasury, at cost - 78,603,277 and 78,617,000 shares as of March 31, 2017 and December 31, 2016, respectively (2,134,995) (2,135,311)
Total HollyFrontier stockholders' equity 4,593,471 4,681,394
Noncontrolling interest 629,723 620,591
Total equity 5,223,194 5,301,985
Total liabilities and equity $ 9,542,352 $ 9,435,661