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Consolidated Statements Of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating costs and expenses:        
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment) $ 3,704,884 $ 3,595,916 $ 6,904,089 $ 6,943,041
Lower of cost or market inventory valuation adjustment 47,801 (106,926) (184,545) (210,764)
Costs of products sold, net 3,752,685 3,488,990 6,719,544 6,732,277
Operating expenses (exclusive of depreciation and amortization) 333,252 296,215 664,844 616,503
Selling, general and administrative expenses (exclusive of depreciation and amortization) 85,317 68,675 173,351 133,339
Depreciation and amortization 126,908 110,379 248,329 214,720
Goodwill, Impairment Loss 152,712 0 152,712 0
Total operating costs and expenses 4,450,874 3,964,259 7,958,780 7,696,839
Sales and other revenues 4,782,615 4,471,236 8,679,862 8,599,663
Income from operations 331,741 506,977 721,082 902,824
Other income (expense):        
Income before income taxes 306,153 480,360 670,144 854,259
Earnings of equity method investments 1,783 1,734 3,883 3,013
Interest income 4,588 2,934 10,963 5,524
Interest expense (34,264) (32,324) (70,911) (65,047)
Gain (loss) on foreign currency transactions 2,213 (325) 4,478 5,235
Other, net 92 1,364 649 2,710
Other income (expense) total (25,588) (26,617) (50,938) (48,565)
Income tax expense (benefit):        
Current 63,364 88,283 118,648 145,934
Deferred 25,972 29,164 58,193 56,550
Income tax expense (benefit) 89,336 117,447 176,841 202,484
Net income 216,817 362,913 493,303 651,775
Less net income attributable to noncontrolling interest 19,902 17,406 43,333 38,177
Net income attributable to HollyFrontier stockholders $ 196,915 $ 345,507 $ 449,970 $ 613,598
Earnings per share attributable to HollyFrontier stockholders:        
Basic $ 1.16 $ 1.96 $ 2.64 $ 3.47
Diluted $ 1.15 $ 1.94 $ 2.62 $ 3.44
Average number of common shares outstanding:        
Basic 169,356 175,899 170,100 176,256
Diluted 170,547 177,586 171,264 177,820