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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents (HEP: $18,913 and $13,287, respectively) $ 902,509 $ 885,162
Accounts receivable: Product and transportation (HEP: $14,929 and $18,732, respectively) 540,818 834,771
Crude oil resales 52,567 44,914
Accounts receivable, total 593,385 879,685
Inventories: Crude oil and refined products 977,851 1,282,789
Materials, supplies and other (HEP: $935 and $833, respectively) 195,850 191,413
Inventories, total 1,173,701 1,474,202
Income taxes receivable 77,729 5,478
Prepayments and other (HEP: $6,970 and $6,795, respectively) 56,210 61,662
Total current assets 2,803,534 3,306,189
Properties, plants and equipment, at cost (HEP: $2,053,174 and $2,047,674, respectively) 7,052,866 7,237,297
Less accumulated depreciation (HEP: $(584,651) and $(552,786), respectively) (2,567,686) (2,414,585)
Operating lease right-of-use assets (HEP: $3,377 and $2,652, respectively) 390,497 467,109
Properties, plants and equipment, net 4,485,180 4,822,712
Other assets: Turnaround costs 359,203 521,278
Goodwill (HEP: $312,873 and $312,873, respectively) 2,373,912 2,373,907
Intangibles and other (HEP: $350,056 and $319,569, respectively) 651,494 673,646
Other assets, total 3,384,609 3,568,831
Total assets 11,063,820 12,164,841
Current liabilities:    
Accounts payable (HEP $14,888 and $18,050, respectively) 870,695 1,215,555
Income taxes payable 18,759 27,965
Operating lease liabilities (HEP $3,766 and $3,608, respectively) 102,336 104,415
Accrued liabilities (HEP: $30,886 and $30,418, respectively) 341,252 337,993
Total current liabilities 1,333,042 1,685,928
Long-term debt (HEP: $1,486,648 and $1,462,031, respectively) 2,480,746 2,455,640
Noncurrent operating lease liability (HEP: $70,167 and $72,000, respectively) 318,955 364,420
Deferred income taxes (HEP: $432 and $424, respectively) 765,572 889,270
Other long-term liabilities (HEP: $58,351 and $59,021, respectively) 250,994 260,157
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 June 30, 2020 and December 31, 2019 2,560 2,560
Additional capital 4,215,894 4,204,547
Retained earnings 4,148,390 4,744,120
Accumulated other comprehensive income 2,225 14,774
Common stock held in treasury, at cost - 94,144,334 and 94,196,029 shares as of June 30, 2020 and December 31, 2019, respectively (2,986,487) (2,987,808)
Total HollyFrontier stockholders' equity 5,382,582 5,978,193
Noncontrolling interest 531,929 531,233
Total equity 5,914,511 6,509,426
Total liabilities and equity $ 11,063,820 $ 12,164,841