XML 114 R97.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Information (Unaudited) (Schedule Of Quarterly Information) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]                      
Sales and other revenues $ 4,344,204 $ 4,770,799 $ 4,471,236 $ 4,128,427 $ 3,992,705 $ 3,719,247 $ 3,458,864 $ 3,080,483 $ 17,714,666 $ 14,251,299 $ 10,535,700
Operating costs and expenses 4,126,552 4,267,282 3,964,259 3,732,580 3,627,875 3,270,834 3,338,034 3,114,019 16,090,673 13,350,762 10,638,282
Income (loss) from operations 217,652 [1] 503,517 [1] 506,977 [1] 395,847 [1] 364,830 [2],[3] 448,413 [2],[3] 120,830 [2],[3] (33,536) [2],[3] 1,623,993 [1] 900,537 [2],[3] (102,582)
Income (loss) before income taxes 191,818 478,390 480,360 373,899 371,262 446,103 106,069 (54,571) 1,524,467 868,863 (171,534)
Net Income (Loss) Attributable to Parent $ 141,896 $ 342,466 $ 345,507 $ 268,091 $ 521,082 $ 272,014 $ 57,767 $ (45,468) $ 1,097,960 $ 805,395 $ (260,453)
Net income (loss) per share attributable to HollyFrontier stockholders - basic (in dollars per share) $ 0.82 $ 1.95 $ 1.96 $ 1.51 $ 2.94 $ 1.53 $ 0.33 $ (0.26) $ 6.25 $ 4.54 $ (1.48)
Net income (loss) per share attributable to HollyFrontier stockholders - diluted (in dollars per share) 0.81 1.93 1.94 1.50 2.92 1.53 0.33 (0.26) 6.19 4.52 $ (1.48)
Dividends per common share (in dollars per share) $ 0.33 $ 0.33 $ 0.33 $ 0.33 $ 0.33 $ 0.33 $ 0.33 $ 0.33 $ 1.32 $ 1.32  
Basic 172,485 175,097 175,899 176,617 176,265 176,149 176,147 176,210 175,009 176,174 176,101
Diluted 174,259 176,927 177,586 177,954 177,457 176,530 176,302 176,210 176,661 177,196 176,101
Lower of cost or market inventory valuation adjustment     $ (106,900) $ (103,800)   $ (111,100)     $ (136,305) $ 108,685 $ 291,938
Lower of cost or market inventory valuation adjustment $ (329,200) $ (17,800)     $ (93,400)   $ 84,000 $ 11,800 (136,305) 108,685 291,938
Asset Impairment Charges                   23,200  
Refining                      
Condensed Financial Statements, Captions [Line Items]                      
Sales and other revenues                 15,806,304 12,579,672 10,002,831
Income (loss) from operations                 1,336,120 595,336 (335,171)
Lower of cost or market inventory valuation adjustment                 $ (136,305) $ 107,479 $ 287,848
[1] For 2018, income from operations reflects non-cash lower of cost or market inventory valuation reductions of $103.8 million and $106.9 million for the first and second quarters, respectively, and a charge of $17.8 million and $329.2 million for the third and fourth quarters, respectively.
[2] For 2017, income from operations reflects long-lived asset impairment charges of $23.2 million in the second quarter.
[3] For 2017, income from operations reflects non-cash lower of cost or market inventory valuation charges of $11.8 million and $84.0 million for the first and second quarters, respectively, and a reduction of $111.1 million and $93.4 million for the third and fourth quarters, respectively.