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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 35 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Cash flows from operating activities:      
Net income $ 276,486 $ 288,862  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 121,421 104,341  
Lower of cost or market inventory valuation adjustment (232,346) (103,838)  
Earnings of equity method investments, inclusive of distributions (111) 243  
(Gain) loss on sale of assets (9) (180)  
Deferred income taxes 32,221 27,386  
Equity-based compensation expense 9,374 8,797  
Change in fair value - derivative instruments 20,909 (18,096)  
(Increase) decrease in current assets:      
Accounts receivable (315,106) (136,841)  
Inventories 3,967 151,451  
Income taxes receivable (1,292) 21,111  
Prepayments and other 6,543 (5,297)  
Increase (decrease) in current liabilities:      
Accounts payable 270,802 (20,065)  
Income taxes payable 55,555 33,701  
Accrued liabilities 43,480 34,978  
Turnaround expenditures (78,597) (56,833)  
Other, net 3,519 4,064  
Net cash provided by (used for) operating activities 216,816 333,784  
Cash flows from investing activities:      
Additions to properties, plants and equipment (53,017) (56,927)  
Purchase of business, net of cash acquired (663,385) 0  
Other, net 395 3,458  
Net cash used for investing activities (726,725) (66,081)  
Cash flows from financing activities:      
Borrowings under credit agreement 104,000 227,000  
Repayments under credit agreement (85,000) (343,500)  
Proceeds from issuance of common units - HEP 0 114,529 $ 82,300
Purchase of treasury stock (77,825) (25,647)  
Dividends (56,849) (58,856)  
Distributions to noncontrolling interest (33,673) (29,237)  
Shares withheld for tax withholding obligations (408) 0  
Proceeds from (Payments for) Other Financing Activities (373) 0  
Net cash used for financing activities (150,128) (115,711)  
Effect of exchange rate on cash flow 1,424 (1,282)  
Cash and cash equivalents:      
Increase (decrease) for the period (658,613) 150,710  
Beginning of period 1,154,752    
End of period 496,139   496,139
Cash paid during the period for:      
Interest (26,743) (17,293)  
Income taxes, net (2,686) (2,857)  
HEP      
Cash flows from investing activities:      
Additions to properties, plants and equipment (10,718) (12,612)  
Cash flows from financing activities:      
Distributions to noncontrolling interest (33,673) $ (29,237)  
Cash and cash equivalents:      
Beginning of period 3,045    
End of period $ 11,540   $ 11,540