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Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
Our operations are organized into three reportable segments: Refining, Lubricants and Specialty Products and HEP. Our operations that are not included in the Refining, Lubricants and Specialty Products and HEP segments are included in Corporate and Other. Intersegment transactions are eliminated on our consolidated financial statements and are included in Eliminations. Corporate and Other and Eliminations are aggregated and presented under the Corporate, Other and Eliminations column.

The Refining segment represents the operations of our El Dorado, Tulsa, Navajo and Woods Cross refineries, HollyFrontier Asphalt Company LLC (“HFC Asphalt”) and also our recently acquired Puget Sound Refinery from the closing date on November 1, 2021 (aggregated as a reportable segment). Refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products, such as gasoline, diesel fuel and jet fuel. These petroleum products are primarily marketed in the Mid-Continent, Southwest and Rocky Mountains extending into the Pacific Northwest geographic regions of the United States. HFC Asphalt operates various asphalt terminals in Arizona, New Mexico and Oklahoma. The Refining segment also included the operations of our Cheyenne refinery until it permanently ceased petroleum refining operations during the third quarter of 2020.

Beginning in the fourth quarter of 2020, activities associated with the conversion of our Cheyenne refinery to renewable diesel production, along with the construction of renewable diesel and pre-treatment units in Artesia, New Mexico were reported in Corporate and Other. The Cheyenne renewable diesel unit was mechanically complete in the fourth quarter of 2021. The pre-treatment unit is expected to be completed in the first quarter of 2022, and the Artesia renewable diesel unit is expected to be completed in the second quarter of 2022. Beginning in the first quarter of 2022, renewable diesel operations will cease to be reported in Corporate and Other and will be reported under a new Renewables segment.

The Lubricants and Specialty Products segment involves Petro-Canada Lubricants Inc.’s (“PCLI”) production operations, located in Mississauga, Ontario, that includes lubricant products such as base oils, white oils, specialty products and finished lubricants, and the operations of our Petro-Canada Lubricants business that includes the marketing of products to both retail and wholesale outlets through a global sales network with locations in Canada, the United States, Europe and China. Additionally, the Lubricants and Specialty Products segment includes specialty lubricant products produced at our Tulsa refineries that are marketed throughout North America and are distributed in Central and South America and the operations of Red Giant Oil, one of the largest suppliers of locomotive engine oil in North America. Also, effective with our acquisition that closed February 1, 2019, the Lubricants and Specialty Products segment includes Sonneborn, a producer of specialty hydrocarbon chemicals such as white oils, petrolatums and waxes with manufacturing facilities in the United States and Europe.

The HEP segment includes all of the operations of HEP, which owns and operates logistics and refinery assets consisting of petroleum product and crude oil pipelines, terminals, tankage, loading rack facilities and refinery processing units in the Mid-Continent, Southwest and Rocky Mountains geographic regions of the United States. The HEP segment also includes a 75% ownership interest in UNEV (a consolidated subsidiary of HEP) and 50% ownership interest in each of the Osage Pipeline, the Cheyenne Pipeline and Cushing Connect. Revenues from the HEP segment are earned through transactions with unaffiliated parties for pipeline transportation, rental and terminalling operations as well as revenues relating to pipeline transportation services provided for our refining operations. Due to certain basis differences, our reported amounts for the HEP segment may not agree to amounts reported in HEP’s periodic public filings.

The accounting policies for our segments are the same as those described in the summary of significant accounting policies, except that our Refining segment balance sheet excluded intercompany ROU assets and liabilities for operating leases prior to December 31, 2021 (see Note 1).
The following is a summary of the financial information of our reportable segments reconciled to the amounts reported in the consolidated financial statements.

RefiningLubricants and Specialty ProductsHEP
Corporate, Other and Eliminations (2)
Consolidated
Total
 (In thousands)
Year Ended December 31, 2021
Sales and other revenues:
Revenues from external customers$15,734,870 $2,550,624 $103,646 $2 $18,389,142 
Intersegment revenues623,688 9,988 390,849 (1,024,525)— 
$16,358,558 $2,560,612 $494,495 $(1,024,523)$18,389,142 
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment)
$14,673,062 $1,815,802 $— $(921,812)$15,567,052 
Lower of cost or market inventory valuation adjustment
$(318,353)$— $— $8,230 $(310,123)
Operating expenses$1,090,424 $252,456 $170,524 $4,074 $1,517,478 
Selling, general and administrative expenses$127,563 $170,155 $12,637 $51,655 $362,010 
Depreciation and amortization$334,365 $79,767 $86,998 $2,409 $503,539 
Income (loss) from operations$451,497 $242,432 $224,336 $(169,079)$749,186 
Earnings of equity method investments
$— $— $12,432 $— $12,432 
Capital expenditures$160,431 $30,878 $88,336 $533,764 $813,409 
Year Ended December 31, 2020
Sales and other revenues:
Revenues from external customers$9,286,658 $1,792,745 $98,039 $6,201 $11,183,643 
Intersegment revenues252,531 10,465 399,809 (662,805)— 
$9,539,189 $1,803,210 $497,848 $(656,604)$11,183,643 
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment)
$8,439,680 $1,271,287 $— $(552,162)$9,158,805 
Lower of cost or market inventory valuation adjustment
$82,214 $— $— $(3,715)$78,499 
Operating expenses$988,045 $216,068 $147,692 $(51,528)$1,300,277 
Selling, general and administrative expenses$127,298 $157,816 $9,989 $18,497 $313,600 
Depreciation and amortization$324,617 $80,656 $95,445 $20,194 $520,912 
Goodwill and long-lived asset impairment (1)
$241,760 $286,575 $16,958 $— $545,293 
Income (loss) from operations
$(664,425)$(209,192)$227,764 $(87,890)$(733,743)
Earnings of equity method investments
$— $— $6,647 $— $6,647 
Capital expenditures$152,726 $32,473 $59,283 $85,678 $330,160 
Year Ended December 31, 2019
Sales and other revenues:
Revenues from external customers$15,284,110 $2,081,221 $121,027 $220 $17,486,578 
Intersegment revenues312,678 11,307 411,750 (735,735)— 
$15,596,788 $2,092,528 $532,777 $(735,515)$17,486,578 
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment)$12,980,506 $1,580,036 $— $(642,158)$13,918,384 
Lower of cost or market inventory valuation adjustment$(119,775)$— $— $— $(119,775)
Operating expenses$1,095,488 $231,523 $161,996 $(94,955)$1,394,052 
Selling, general and administrative expenses$120,518 $168,595 $10,251 $54,872 $354,236 
Depreciation and amortization$309,932 $88,781 $96,706 $14,506 $509,925 
Goodwill impairment$— $152,712 $— $— $152,712 
Income (loss) from operations$1,210,119 $(129,119)$263,824 $(67,780)$1,277,044 
Earnings of equity method investments$— $— $5,180 $— $5,180 
Capital expenditures$199,002 $40,997 $30,112 $23,652 $293,763 
(1)The results of our HEP reportable segment for the year ended December 31, 2020 include a long-lived asset impairment charge attributed to HEP’s logistics assets at our Cheyenne Refinery.
(2)For the year ended December 31, 2021, Corporate and Other includes $55.4 million of operating expenses and $510.8 million of capital expenditures related to the construction of our renewable diesel units. For the year ended December 31, 2020, Corporate and Other includes $3.9 million of operating expenses and $65.1 million of capital expenditures related to the construction of our renewable diesel units. Also, for the year ended December 31, 2020, Corporate and Other includes $14.0 million of decommissioning and other shutdown costs related to our Cheyenne Refinery. In addition, for the year ended December 31, 2020, Corporate and Other includes $11.4 million in other operating costs related to our Cheyenne facility.

RefiningLubricants and Specialty ProductsHEPCorporate, Other and EliminationsConsolidated
Total
(In thousands)
December 31, 2021
Cash and cash equivalents$— $113,474 $14,381 $106,589 $234,444 
Total assets$9,736,851 $2,073,638 $2,250,115 $(1,143,991)$12,916,613 
Long-term debt$— $— $1,333,049 $1,739,688 $3,072,737 
December 31, 2020
Cash and cash equivalents$3,106 $163,729 $21,990 $1,179,493 $1,368,318 
Total assets$6,203,847 $1,864,313 $2,198,478 $1,240,226 $11,506,864 
Long-term debt$— $— $1,405,603 $1,737,115 $3,142,718