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Consolidated Statements Of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Condensed Income Statements, Captions [Line Items]        
Sales and other revenues $ 2,062,930 $ 4,782,615 $ 5,463,475 $ 8,679,862
Operating costs and expenses:        
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment) 1,576,996 3,704,884 4,270,722 6,904,089
Lower of cost or market inventory valuation adjustment (269,904) 47,801 290,560 (184,545)
Costs of products sold, net 1,307,092 3,752,685 4,561,282 6,719,544
Operating expenses (exclusive of depreciation and amortization) 303,359 333,252 631,704 664,844
Selling, general and administrative expenses (exclusive of depreciation and amortization) 75,369 85,317 163,106 173,351
Depreciation and amortization 130,178 126,908 270,753 248,329
Long-lived Asset and Goodwill, Impairments 436,908 152,712 436,908 152,712
Total operating costs and expenses 2,252,906 4,450,874 6,063,753 7,958,780
Income from operations (189,976) 331,741 (600,278) 721,082
Other income (expense):        
Earnings of equity method investments 2,156 1,783 3,870 3,883
Interest income 1,506 4,588 5,579 10,963
Interest expense (32,695) (34,264) (55,334) (70,911)
Gain on sales-type leases 33,834 0 33,834 0
Loss on early extinguishment of debt 0 0 (25,915) 0
Gain (loss) on foreign currency transactions 2,285 2,213 (1,948) 4,478
Other, net 1,572 92 3,422 649
Other income (expense) total 8,658 (25,588) (36,492) (50,938)
Income before income taxes (181,318) 306,153 (636,770) 670,144
Income tax expense (benefit):        
Current (65,607) 63,364 (77,047) 118,648
Deferred income taxes 34,696 25,972 (116,030) 58,193
Income tax expense (benefit) (30,911) 89,336 (193,077) 176,841
Net income (150,407) 216,817 (443,693) 493,303
Less net income attributable to noncontrolling interest 26,270 19,902 37,607 43,333
Net income attributable to HollyFrontier stockholders $ (176,677) $ 196,915 $ (481,300) $ 449,970
Earnings per share attributable to HollyFrontier stockholders:        
Basic $ (1.09) $ 1.16 $ (2.97) $ 2.64
Diluted $ (1.09) $ 1.15 $ (2.97) $ 2.62
Average number of common shares outstanding:        
Basic 161,889 169,356 161,882 170,100
Diluted 161,889 170,547 161,882 171,264