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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information
 
 
Refining
 
Lubricants and Specialty Products (1)
 
HEP
 
Corporate, Other
and Eliminations
 
Consolidated
Total
 
 
(In thousands)
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Sales and other revenues:
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
3,987,115

 
$
459,405

 
$
24,746

 
$
(30
)
 
$
4,471,236

Intersegment revenues
 
91,866

 
8,284

 
94,014

 
(194,164
)
 
—

 
 
$
4,078,981

 
$
467,689

 
$
118,760

 
$
(194,194
)
 
$
4,471,236

Cost of products sold (exclusive of lower of cost or market inventory)
 
$
3,394,853

 
$
373,141

 
$
—

 
$
(172,078
)
 
$
3,595,916

Lower of cost or market inventory valuation adjustment
 
$
(106,926
)
 
$
—

 
$
—

 
$
—

 
$
(106,926
)
Operating expenses
 
$
262,558

 
$
19,905

 
$
34,533

 
$
(20,781
)
 
$
296,215

Selling, general and administrative expenses
 
$
26,201

 
$
35,257

 
$
2,673

 
$
4,544

 
$
68,675

Depreciation and amortization
 
$
72,989

 
$
10,020

 
$
24,609

 
$
2,761

 
$
110,379

Income (loss) from operations
 
$
429,306

 
$
29,366

 
$
56,945

 
$
(8,640
)
 
$
506,977

Earnings of equity method investments
 
$
—

 
$
—

 
$
1,734

 
$
—

 
$
1,734

Capital expenditures
 
$
42,188

 
$
16,842

 
$
18,957

 
$
1,950

 
$
79,937

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2017
 
 
 
 
 
 
 
 
Sales and other revenues:
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
2,999,054

 
$
444,000

 
$
15,990

 
$
(180
)
 
$
3,458,864

Intersegment revenues
 
$
105,545

 
$
—

 
$
93,153

 
$
(198,698
)
 
$
—

 
 
$
3,104,599

 
$
444,000

 
$
109,143

 
$
(198,878
)
 
$
3,458,864

Cost of products sold (exclusive of lower of cost or market inventory)
 
$
2,615,937

 
$
317,921

 
$
—

 
$
(180,399
)
 
$
2,753,459

Lower of cost or market inventory valuation adjustment
 
$
82,794

 
$
1,188

 
$
—

 
$
—

 
$
83,982

Operating expenses
 
$
242,713

 
$
55,750

 
$
34,160

 
$
(16,362
)
 
$
316,261

Selling, general and administrative expenses
 
$
22,654

 
$
27,769

 
$
2,618

 
$
6,762

 
$
59,803

Depreciation and amortization
 
$
75,426

 
$
7,532

 
$
19,541

 
$
2,783

 
$
105,282

Asset impairment
 
$
19,247

 
$
—

 
$
—

 
$
—

 
$
19,247

Income (loss) from operations
 
$
45,828

 
$
33,840

 
$
52,824

 
$
(11,662
)
 
$
120,830

Earnings of equity method investments
 
$
—

 
$
—

 
$
4,053

 
$
—

 
$
4,053

Capital expenditures
 
$
51,825

 
$
9,122

 
$
12,259

 
$
4,087

 
$
77,293


(1) During the three months ended June 30, 2018, we recognized an adjustment in our Lubricants and Specialty Products segment to correct an expense misclassification related to the three months ended March 31, 2018, whereby $24 million of inventory transportation costs were classified as operating expenses, which should have been included in cost of products sold.
 
 
Refining
 
Lubricants and Specialty Products
 
HEP
 
Corporate, Other
and Eliminations
 
Consolidated
Total
 
 
(In thousands)
Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Sales and other revenues:
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
7,645,262

 
$
902,271

 
$
52,203

 
$
(73
)
 
$
8,599,663

Intersegment revenues
 
$
182,904

 
$
10,258

 
$
195,441

 
$
(388,603
)
 
$
—

 
 
$
7,828,166

 
$
912,529

 
$
247,644

 
$
(388,676
)
 
$
8,599,663

Cost of products sold (exclusive of lower of cost or market inventory)
 
$
6,606,557

 
$
680,672

 
$
—

 
$
(344,188
)
 
$
6,943,041

Lower of cost or market inventory valuation adjustment
 
$
(210,764
)
 
$
—

 
$
—

 
$
—

 
$
(210,764
)
Operating expenses
 
$
502,405

 
$
84,813

 
$
70,736

 
$
(41,451
)
 
$
616,503

Selling, general and administrative expenses
 
$
52,572

 
$
65,911

 
$
5,795

 
$
9,061

 
$
133,339

Depreciation and amortization
 
$
140,164

 
$
18,884

 
$
49,750

 
$
5,922

 
$
214,720

Income (loss) from operations
 
$
737,232

 
$
62,249

 
$
121,363

 
$
(18,020
)
 
$
902,824

Earnings of equity method investments
 
$
—

 
$
—

 
$
3,013

 
$
—

 
$
3,013

Capital expenditures
 
$
84,962

 
$
25,380

 
$
31,570

 
$
7,565

 
$
149,477

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2017
 
 
 
 
 
 
 
 
Sales and other revenues:
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
5,741,781

 
$
765,269

 
$
32,599

 
$
(302
)
 
$
6,539,347

Intersegment revenues
 
$
185,453

 
$
—

 
$
182,178

 
$
(367,631
)
 
$
—

 
 
$
5,927,234

 
$
765,269

 
$
214,777

 
$
(367,933
)
 
$
6,539,347

Cost of products sold (exclusive of lower of cost or market inventory)
 
$
5,175,091

 
$
548,702

 
$
—

 
$
(329,159
)
 
$
5,394,634

Lower of cost or market inventory valuation adjustment
 
$
94,325

 
$
1,480

 
$
—

 
$
—

 
$
95,805

Operating expenses
 
$
497,084

 
$
95,069

 
$
66,712

 
$
(34,878
)
 
$
623,987

Selling, general and administrative expenses
 
$
45,019

 
$
41,082

 
$
5,255

 
$
25,695

 
$
117,051

Depreciation and amortization
 
$
144,864

 
$
12,836

 
$
37,914

 
$
5,708

 
$
201,322

Asset impairment
 
$
19,247

 
$
—

 
$
—

 
$
—

 
$
19,247

Income (loss) from operations
 
$
(48,396
)
 
$
66,100

 
$
104,896

 
$
(35,299
)
 
$
87,301

Earnings of equity method investments
 
$
—

 
$
—

 
$
5,893

 
$
—

 
$
5,893

Capital expenditures
 
$
99,259

 
$
10,957

 
$
20,524

 
$
6,310

 
$
137,050


 
 
Refining
 
Lubricants and Specialty Products
 
HEP
 
Corporate, Other
and Eliminations
 
Consolidated
Total
 
 
(In thousands)
June 30, 2018
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
8,223

 
$
92,483

 
$
6,656

 
$
872,510

 
$
979,872

Total assets
 
$
7,020,880

 
$
1,402,189

 
$
2,154,741

 
$
703,542

 
$
11,281,352

Long-term debt
 
$
—

 
$
—

 
$
1,395,599

 
$
992,160

 
$
2,387,759

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
7,488

 
$
41,756

 
$
7,776

 
$
573,737

 
$
630,757

Total assets
 
$
6,474,666

 
$
1,610,472

 
$
2,191,984

 
$
415,032

 
$
10,692,154

Long-term debt
 
$
—

 
$
—

 
$
1,507,308

 
$
991,685

 
$
2,498,993