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Consolidated Statements Of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Sales and other revenues $ 4,770,799 $ 3,719,247 $ 13,370,462 $ 10,258,594
Operating costs and expenses:        
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment) 3,752,234 [1] 2,888,549 10,695,275 8,283,183
Lower of cost or market inventory valuation adjustment 17,837 (111,128) (192,927) (15,323)
Costs of products sold, net 3,770,071 2,777,421 10,502,348 8,267,860
Operating expenses (exclusive of depreciation and amortization) 317,196 [1] 322,277 933,699 946,264
Selling, general and administrative expenses (exclusive of depreciation and amortization) 71,130 68,252 204,469 185,303
Depreciation and amortization 108,885 102,884 323,605 304,206
Long-lived asset impairment 0 0 0 19,247
Total operating costs and expenses 4,267,282 3,270,834 11,964,121 9,722,880
Income from operations 503,517 448,413 1,406,341 535,714
Other income (expense):        
Earnings of equity method investments 1,114 5,072 4,127 10,965
Interest income 5,136 1,074 10,660 2,069
Interest expense (32,399) (28,731) (97,446) (85,534)
Loss on early extinguishment of debt 0 0 0 (12,225)
Gain (loss) on foreign currency transactions 281 19,122 5,516 19,517
Gain on foreign currency swap contracts 0 0 0 24,545
Other, net 741 1,153 3,451 2,550
Other income (expense) total (25,127) (2,310) (73,692) (38,113)
Income before income taxes 478,390 446,103 1,332,649 497,601
Income tax expense (benefit):        
Current 70,595 72,307 216,529 80,242
Deferred 45,663 86,079 102,213 93,351
Income tax expense (benefit) 116,258 158,386 318,742 173,593
Net income 362,132 287,717 1,013,907 324,008
Less net income attributable to noncontrolling interest 19,666 15,703 57,843 39,695
Net income attributable to HollyFrontier stockholders $ 342,466 $ 272,014 $ 956,064 $ 284,313
Earnings per share attributable to HollyFrontier stockholders:        
Basic $ 1.95 $ 1.53 $ 5.42 $ 1.60
Diluted 1.93 1.53 5.37 1.60
Cash dividends declared per common share $ 0.33 $ 0.33 $ 0.99 $ 0.99
Average number of common shares outstanding:        
Basic 175,097 176,149 175,865 176,143
Diluted 176,927 176,530 177,557 176,616
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