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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents (HEP: $7,776 and $3,657, respectively) $ 630,757 $ 710,579
Marketable securities 0 424,148
Total cash, cash equivalents and short-term marketable securities 630,757 1,134,727
Accounts receivable: Product and transportation (HEP: $12,803 and $7,846, respectively) 659,530 449,036
Crude oil resales 61,203 30,163
Accounts receivable, total 720,733 479,199
Crude oil and refined products 1,409,538 970,361
Materials, supplies and other (HEP: $916 and $1,402, respectively) 220,554 165,315
Total inventory 1,630,092 1,135,676
Income taxes receivable 44,337 68,371
Prepayments and other (HEP: $1,395 and $1,486, respectively) 36,909 33,036
Total current assets 3,062,828 2,851,009
Properties, plants and equipment, at cost (HEP: $2,009,960 and $1,702,703, respectively) 6,523,789 5,546,856
Less accumulated depreciation (HEP: ($408,599) and ($337,135), respectively) (1,810,515) (1,538,408)
Property, plant and equipment, net 4,713,274 4,008,448
Other assets: Turnaround costs 231,319 217,340
Goodwill (HEP: $296,164 and $288,991, respectively) 2,244,744 2,022,463
Intangibles and other (HEP: $220,068 and $208,975, respectively) 439,989 336,401
Other assets, total 2,916,052 2,576,204
Total assets 10,692,154 9,435,661
Current liabilities:    
Accounts payable (HEP: $14,637 and $10,518, respectively) 1,220,795 935,387
Income taxes payable 3,159 0
Accrued liabilities (HEP: $33,214 and $37,793, respectively) 198,756 147,842
Total current liabilities 1,422,710 1,083,229
Long-term debt (HEP: $1,507,308 and $1,243,912, respectively) 2,498,993 2,235,137
Deferred income taxes (HEP: $525 and $509, respectively) 647,785 620,414
Other long-term liabilities (HEP: $62,590 and $62,971, respectively) 225,726 194,896
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; 256,015,550 and 255,962,866 shares issued as of December 31, 2017 and December 31, 2016 2,560 2,560
Additional capital 4,132,696 4,026,805
Retained earnings 3,346,615 2,776,728
Accumulated other comprehensive income (loss) 29,869 10,612
Common stock held in treasury, at cost – 78,607,928 and 78,617,600 shares as of December 31, 2017 and December 31, 2016, respectively (2,140,911) (2,135,311)
Total HollyFrontier stockholders’ equity 5,370,829 4,681,394
Noncontrolling interest 526,111 620,591
Total equity 5,896,940 5,301,985
Total liabilities and equity 10,692,154 9,435,661
HEP    
Current assets:    
Cash and cash equivalents (HEP: $7,776 and $3,657, respectively) 7,776 3,657
Accounts receivable: Product and transportation (HEP: $12,803 and $7,846, respectively) 12,803 7,846
Materials, supplies and other (HEP: $916 and $1,402, respectively) 916 1,402
Prepayments and other (HEP: $1,395 and $1,486, respectively) 1,395 1,486
Properties, plants and equipment, at cost (HEP: $2,009,960 and $1,702,703, respectively) 2,011,915 1,702,703
Less accumulated depreciation (HEP: ($408,599) and ($337,135), respectively) (408,599) (337,135)
Goodwill (HEP: $296,164 and $288,991, respectively) 310,610 288,991
Intangibles and other (HEP: $220,068 and $208,975, respectively) 206,167 208,975
Current liabilities:    
Accounts payable (HEP: $14,637 and $10,518, respectively) 14,637 10,518
Accrued liabilities (HEP: $33,214 and $37,793, respectively) 33,214 37,793
Deferred income taxes (HEP: $525 and $509, respectively) 525 509
Other long-term liabilities (HEP: $62,590 and $62,971, respectively) $ 62,590 $ 62,971