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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents (HEP: $14,381 and $21,990, respectively) $ 234,444 $ 1,368,318
Accounts receivable: Product and transportation (HEP: $12,745 and $14,543, respectively) 1,130,485 590,526
Crude oil resales 111,403 39,510
Accounts receivable, total 1,241,888 630,036
Inventories: Crude oil and refined products 1,879,131 989,296
Materials, supplies and other (HEP: $1,070 and $895, respectively) 242,997 184,180
Total inventory 2,122,128 1,173,476
Income taxes receivable 97,382 91,348
Prepayments and other (HEP: $5,381 and $8,591, respectively) 66,612 47,583
Total current assets 3,762,454 3,310,761
Properties, plants and equipment, at cost (HEP: $2,037,527 and $2,119,295, respectively) 8,448,207 7,299,517
Less accumulated depreciation (HEP: $(682,143) and $(644,149)), respectively) (3,033,353) (2,726,378)
Property, plant and equipment, net 5,414,854 4,573,139
Operating lease right-of-use assets (HEP: $69,134 and $72,480, respectively) 396,191 350,548
Other assets: Turnaround costs 397,385 314,816
Goodwill (HEP: $312,873 and $312,873, respectively) 2,293,044 2,293,935
Intangibles and other (HEP: $214,436 and $224,430, respectively) 652,685 663,665
Other assets, total 3,343,114 3,272,416
Total assets 12,916,613 11,506,864
Current liabilities:    
Accounts payable (HEP: $28,954 and $28,565, respectively) 1,613,484 1,000,959
Income taxes payable 25,156 1,801
Operating lease liabilities (HEP $3,710 and $3,827, respectively) 110,606 97,937
Accrued liabilities (HEP: $18,479 and $29,518, respectively) 316,218 274,459
Total current liabilities 2,065,464 1,375,156
Long-term debt (HEP: $1,333,049 and $1,405,603, respectively) 3,072,737 3,142,718
Noncurrent operating lease liabilities (HEP $65,799 and $68,454, respectively) 308,747 285,785
Deferred income taxes (HEP: $396 and $449, respectively) 837,401 713,703
Other long-term liabilities (HEP: $43,033 and $55,105, respectively) 337,799 267,299
Commitments and contingencies (Note 19)
HollyFrontier stockholders’ equity:    
Preferred stock, $1.00 par value – 5,000,000 shares authorized; none issued 0 0
Common stock $0.01 par value – 320,000,000 shares authorized; 256,046,051 shares issued as of December 31, 2021 and December 31, 2020 2,560 2,560
Additional capital 4,220,075 4,207,672
Retained earnings 4,413,836 3,913,179
Accumulated other comprehensive income 2,671 13,462
Common stock held in treasury, at cost - 93,044,605 and 93,632,391 shares as of December 31, 2021 and December 31, 2020, respectively (2,951,257) (2,968,512)
Total HollyFrontier stockholders’ equity 5,687,885 5,168,361
Noncontrolling interest 606,580 553,842
Total equity 6,294,465 5,722,203
Total liabilities and equity $ 12,916,613 $ 11,506,864