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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents (HEP: $19,282 and $13,287, respectively) $ 909,126 $ 885,162
Accounts receivable: Product and transportation (HEP: $15,638 and $18,732, respectively) 518,931 834,771
Crude oil resales 50,251 44,914
Accounts receivable, total 569,182 879,685
Inventories: Crude oil and refined products 762,654 1,282,789
Materials, supplies and other (HEP: $937 and $833, respectively) 180,981 191,413
Inventories, total 943,635 1,474,202
Income taxes receivable 6,213 5,478
Prepayments and other (HEP: $6,610 and $6,795, respectively) 80,982 61,662
Total current assets 2,509,138 3,306,189
Properties, plants and equipment, at cost (HEP: $2,054,740 and $2,047,674, respectively) 7,256,717 7,237,297
Less accumulated depreciation (HEP: $(562,596) and $(552,786), respectively) (2,487,350) (2,414,585)
Operating lease right-of-use assets (HEP: $3,587 and $2,652, respectively) 435,435 467,109
Properties, plants and equipment, net 4,769,367 4,822,712
Other assets: Turnaround costs 491,146 521,278
Goodwill (HEP: $312,873 and $312,873, respectively) 2,373,400 2,373,907
Intangibles and other (HEP: $319,143 and $319,569, respectively) 643,308 673,646
Other assets, total 3,507,854 3,568,831
Total assets 11,221,794 12,164,841
Current liabilities:    
Accounts payable (HEP $20,092 and $18,050, respectively) 841,383 1,215,555
Income taxes payable 17,054 27,965
Operating lease liabilities (HEP $3,753 and $3,608, respectively) 102,600 104,415
Accrued liabilities (HEP: $24,940 and $30,418, respectively) 347,843 337,993
Total current liabilities 1,308,880 1,685,928
Long-term debt (HEP: $1,502,154 and $1,462,031, respectively) 2,496,006 2,455,640
Noncurrent operating lease liability (HEP: $72,163 and $72,000, respectively) 334,588 364,420
Deferred income taxes (HEP: $428 and $424, respectively) 723,581 889,270
Other long-term liabilities (HEP: $41,842 and $59,021, respectively) 248,261 260,157
HollyFrontier stockholders' equity:    
Preferred stock, $1.00 par value - 5,000,000 shares authorized; none issued 0 0
Common stock $.01 par value - 320,000,000 shares authorized; 256,042,554 shares issued as of March 31, 2020 and December 31, 2019 2,560 2,560
Additional capital 4,208,334 4,204,547
Retained earnings 4,382,249 4,744,120
Accumulated other comprehensive income (12,149) 14,774
Common stock held in treasury, at cost - 94,158,259 and 94,196,029 shares as of March 31, 2020 and December 31, 2019, respectively (2,986,833) (2,987,808)
Total HollyFrontier stockholders' equity 5,594,161 5,978,193
Noncontrolling interest 516,317 531,233
Total equity 6,110,478 6,509,426
Total liabilities and equity $ 11,221,794 $ 12,164,841