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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2020
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, 2020
 
 
 
 
 
 
 
 
Sales and other revenues:
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
1,690,042

 
$
353,644

 
$
19,244

 
$
—

 
$
2,062,930

Intersegment revenues
 
37,462

 
3,643

 
95,563

 
(136,668
)
 
—

 
 
$
1,727,504

 
$
357,287

 
$
114,807

 
$
(136,668
)
 
$
2,062,930

Cost of products sold (exclusive of lower of cost or market inventory)
 
$
1,433,437

 
$
258,347

 
$
—

 
$
(114,788
)
 
$
1,576,996

Lower of cost or market inventory valuation adjustment
 
$
(269,904
)
 
$
—

 
$
—

 
$
—

 
$
(269,904
)
Operating expenses
 
$
239,359

 
$
47,840

 
$
34,737

 
$
(18,577
)
 
$
303,359

Selling, general and administrative expenses
 
$
32,811

 
$
35,919

 
$
2,535

 
$
4,104

 
$
75,369

Depreciation and amortization
 
$
81,694

 
$
19,779

 
$
24,008

 
$
4,697

 
$
130,178

Long-lived asset impairment (1)
 
$
215,242

 
$
204,708

 
$
16,958

 
$
—

 
$
436,908

Income (loss) from operations
 
$
(5,135
)
 
$
(209,306
)
 
$
36,569

 
$
(12,104
)
 
$
(189,976
)
Earnings of equity method investments
 
$
—

 
$
—

 
$
2,156

 
$
—

 
$
2,156

Capital expenditures
 
$
12,102

 
$
4,311

 
$
11,798

 
$
17,776

 
$
45,987

 
 
 
 
 
 
 
 
 
 
 
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


 
 
Refining
 
Lubricants and Specialty Products
 
HEP
 
Corporate, Other
and Eliminations
 
Consolidated
Total
 
 
(In thousands)
Six Months Ended June 30, 2020
 
 
 
 
 
 
 
 
Sales and other revenues:
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
4,540,662

 
$
877,143

 
$
45,670

 
$
—

 
$
5,463,475

Intersegment revenues
 
121,708

 
6,747

 
196,991

 
(325,446
)
 
—

 
 
$
4,662,370

 
$
883,890

 
$
242,661

 
$
(325,446
)
 
$
5,463,475

Cost of products sold (exclusive of lower of cost or market inventory)
 
$
3,902,188

 
$
649,727

 
$
—

 
$
(281,193
)
 
$
4,270,722

Lower of cost or market inventory valuation adjustment
 
$
290,560

 
$
—

 
$
—

 
$
—

 
$
290,560

Operating expenses
 
$
498,533

 
$
101,971

 
$
69,718

 
$
(38,518
)
 
$
631,704

Selling, general and administrative expenses
 
$
63,811

 
$
84,881

 
$
5,237

 
$
9,177

 
$
163,106

Depreciation and amortization
 
$
171,873

 
$
41,828

 
$
47,986

 
$
9,066

 
$
270,753

Long-lived asset impairment (1)
 
$
215,242

 
$
204,708

 
$
16,958

 
$
—

 
$
436,908

Income (loss) from operations
 
$
(479,837
)
 
$
(199,225
)
 
$
102,762

 
$
(23,978
)
 
$
(600,278
)
Earnings of equity method investments
 
$
—

 
$
—

 
$
3,870

 
$
—

 
$
3,870

Capital expenditures
 
$
65,116

 
$
13,392

 
$
30,740

 
$
20,488

 
$
129,736

 
 
 
 
 
 
 
 
 
 
 
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


(1) The results of our HEP reportable segment for the three and six months ended June 30, 2020 include a long-lived asset impairment charge attributed to HEP’s logistics assets at our Cheyenne Refinery.

 
 
Refining
 
Lubricants and Specialty Products
 
HEP
 
Corporate, Other
and Eliminations
 
Consolidated
Total
 
 
(In thousands)
June 30, 2020
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
15,652

 
$
189,571

 
$
18,913

 
$
678,373

 
$
902,509

Total assets
 
$
6,327,809

 
$
1,910,431

 
$
2,215,053

 
$
610,527

 
$
11,063,820

Long-term debt
 
$
—

 
$
—

 
$
1,486,648

 
$
994,098

 
$
2,480,746

 
 
 
 
 
 
 
 
 
 
 
December 31, 2019
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
9,755

 
$
169,277

 
$
13,287

 
$
692,843

 
$
885,162

Total assets
 
$
7,189,094

 
$
2,223,418

 
$
2,205,437

 
$
546,892

 
$
12,164,841

Long-term debt
 
$
—

 
$
—

 
$
1,462,031

 
$
993,609

 
$
2,455,640