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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information
 
 
Refining
 
Lubricants and Specialty Products
 
HEP
 
Corporate, Other
and Eliminations
 
Consolidated
Total
 
 
(In thousands)
Three Months Ended June 30, 2019
 
 
 
 
 
 
 
 
Sales and other revenues:
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
4,208,776

 
$
545,346

 
$
28,382

 
$
111

 
$
4,782,615

Intersegment revenues
 
88,484

 
—

 
102,369

 
(190,853
)
 
—

 
 
$
4,297,260

 
$
545,346

 
$
130,751

 
$
(190,742
)
 
$
4,782,615

Cost of products sold (exclusive of lower of cost or market inventory)
 
$
3,458,832

 
$
415,353

 
$
—

 
$
(169,301
)
 
$
3,704,884

Lower of cost or market inventory valuation adjustment
 
$
47,801

 
$
—

 
$
—

 
$
—

 
$
47,801

Operating expenses
 
$
252,715

 
$
59,122

 
$
40,608

 
$
(19,193
)
 
$
333,252

Selling, general and administrative expenses
 
$
29,638

 
$
42,087

 
$
1,988

 
$
11,604

 
$
85,317

Depreciation and amortization
 
$
76,225

 
$
23,020

 
$
24,241

 
$
3,422

 
$
126,908

Goodwill impairment
 
$
—

 
$
152,712

 
$
—

 
$
—

 
$
152,712

Income (loss) from operations
 
$
432,049

 
$
(146,948
)
 
$
63,914

 
$
(17,274
)
 
$
331,741

Earnings of equity method investments
 
$
—

 
$
—

 
$
1,783

 
$
—

 
$
1,783

Capital expenditures
 
$
33,899

 
$
9,331

 
$
7,034

 
$
6,470

 
$
56,734

 
 
 
 
 
 
 
 
 
 
 
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) (1)
 
$
3,394,853

 
$
373,141

 
$
—

 
$
(172,078
)
 
$
3,595,916

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

 
$
—

 
$
—

 
$
(106,926
)
Operating expenses (1)
 
$
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


(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, 2019
 
 
 
 
 
 
 
 
Sales and other revenues:
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
7,581,442

 
$
1,038,680

 
$
59,520

 
$
220

 
$
8,679,862

Intersegment revenues
 
163,228

 
—

 
205,728

 
(368,956
)
 
—

 
 
$
7,744,670

 
$
1,038,680

 
$
265,248

 
$
(368,736
)
 
$
8,679,862

Cost of products sold (exclusive of lower of cost or market inventory)
 
$
6,421,372

 
$
804,370

 
$
—

 
$
(321,653
)
 
$
6,904,089

Lower of cost or market inventory valuation adjustment
 
$
(184,545
)
 
$
—

 
$
—

 
$
—

 
$
(184,545
)
Operating expenses
 
$
517,212

 
$
112,681

 
$
78,121

 
$
(43,170
)
 
$
664,844

Selling, general and administrative expenses
 
$
56,615

 
$
81,806

 
$
4,608

 
$
30,322

 
$
173,351

Depreciation and amortization
 
$
150,640

 
$
43,191

 
$
48,071

 
$
6,427

 
$
248,329

Goodwill impairment
 
$
—

 
$
152,712

 
$
—

 
$
—

 
$
152,712

Income (loss) from operations
 
$
783,376

 
$
(156,080
)
 
$
134,448

 
$
(40,662
)
 
$
721,082

Earnings of equity method investments
 
$
—

 
$
—

 
$
3,883

 
$
—

 
$
3,883

Capital expenditures
 
$
75,662

 
$
17,190

 
$
17,752

 
$
9,865

 
$
120,469

 
 
 
 
 
 
 
 
 
 
 
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



 
 
Refining
 
Lubricants and Specialty Products
 
HEP
 
Corporate, Other
and Eliminations
 
Consolidated
Total
 
 
(In thousands)
June 30, 2019
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
7,213

 
$
170,593

 
$
6,941

 
$
729,897

 
$
914,644

Total assets
 
$
7,075,770

 
$
2,247,858

 
$
2,188,139

 
$
592,724

 
$
12,104,491

Long-term debt
 
$
—

 
$
—

 
$
1,437,710

 
$
993,122

 
$
2,430,832

 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
7,236

 
$
80,931

 
$
3,045

 
$
1,063,540

 
$
1,154,752

Total assets
 
$
6,465,155

 
$
1,506,209

 
$
2,142,027

 
$
881,210

 
$
10,994,601

Long-term debt
 
$
—

 
$
—

 
$
1,418,900

 
$
992,640

 
$
2,411,540