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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 29 Months Ended
Sep. 30, 2018
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Cash flows from operating activities:        
Net income $ 362,132 $ 1,013,907 $ 324,008  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation and amortization 108,885 323,605 304,206  
Long-lived asset impairment 0 0 19,247  
Lower of cost or market inventory valuation adjustment 17,837 (192,927) (15,323)  
Earnings of equity method investments, inclusive of distributions   463 816  
(Gain) loss on sale of assets   (52) 540  
Loss on early extinguishment of debt attributable to unamortized discount   0 2,475  
Deferred income taxes 45,663 102,213 93,351  
Equity-based compensation expense   26,096 26,430  
Change in fair value - derivative instruments   (3,007) 2,073  
(Increase) decrease in current assets:        
Accounts receivable   (136,764) (116,986)  
Inventories   (33,856) (43,822)  
Income taxes receivable   27,792 68,371  
Prepayments and other   (14,089) (5,268)  
Increase (decrease) in current liabilities:        
Accounts payable   (37,160) 88,010  
Income taxes payable   76,277 60,661  
Accrued liabilities   84,328 83,918  
Turnaround expenditures   (114,593) (111,513)  
Other, net   7,664 4,219  
Net cash provided by (used for) operating activities   1,129,897 785,413  
Cash flows from investing activities:        
Additions to properties, plants and equipment   (167,967) (162,442)  
Purchases of marketable securities   0 (41,565)  
Sales and maturities of marketable securities   0 465,716  
Other, net   3,999 2,297  
Net cash used for investing activities   (259,167) (637,296)  
Cash flows from financing activities:        
Borrowings under credit agreement   256,000 654,000  
Repayments under credit agreement   (347,000) (457,000)  
Proceeds from Issuance of Senior Long-term Debt   0 101,750  
Redemption of senior notes - HEP   0 (309,750)  
Proceeds from issuance of common units - HEP   114,887 52,285 $ 82,300
Purchase of treasury stock   (177,710) 0  
Dividends   (175,921) (176,519)  
Distributions to noncontrolling interest   (93,128)    
Shares withheld for tax withholding obligations   (544) (290)  
Other, net   0 (13,131)  
Net cash used for financing activities   (423,416) (230,452)  
Effect of exchange rate on cash flow   (2,394) 2,498  
Cash and cash equivalents:        
Increase (decrease) for the period   444,920 (79,837)  
Beginning of period   630,757 710,579  
End of period 1,075,677 1,075,677   1,075,677
Cash paid during the period for:        
Interest   (89,553) (84,380)  
Income taxes, net   (112,520) 50,957  
PCLI        
Cash flows from investing activities:        
Purchase of business, net of cash acquired   0 (870,627)  
Red Giant Oil        
Cash flows from investing activities:        
Purchase of business, net of cash acquired   (54,088) 0  
HEP        
Cash flows from investing activities:        
Additions to properties, plants and equipment   (41,111) (30,675)  
Cash flows from financing activities:        
Distributions to noncontrolling interest   (93,128) $ (81,797)  
Cash and cash equivalents:        
Beginning of period   7,776    
End of period $ 6,375 $ 6,375   $ 6,375