Holly Energy Partners, L.P. (HEP) financial statements (2021 and earlier)

Company profile

Business Address 2828 N. HARWOOD
DALLAS, TX 75201
State of Incorp. DE
Fiscal Year End December 31
SIC 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments137712367
Cash and cash equivalents137712367
Receivables68526151595750
Contract with customer, asset6   22 
Other undisclosed current assets2544213
Total current assets:89647266666660
Noncurrent Assets
Operating lease, right-of-use asset3377 
Net investment in lease135136  
Property, plant and equipment1,4671,4791,5081,5231,5391,5411,552
Long-term investments and receivables120838384848485
Long-term investments120838384848485
Intangible assets, net (including goodwill)372375379382386389392
Goodwill270270270270270270270
Intangible assets, net (excluding goodwill)101105108112115119122
Other noncurrent assets13133030282727
Other undisclosed noncurrent assets   77   
Total noncurrent assets:2,1102,0902,0762,0962,0362,0412,056
TOTAL ASSETS:2,1992,1542,1482,1622,1032,1072,116
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities52353728463039
Accounts payable35191817311620
Taxes payable4956276
Interest and dividends payable13613613613
Deferred revenue10108 
Debt466    
Deferred revenue and credits11
Contract with customer, liability8912 
Other liabilities2333344
Other undisclosed current liabilities   6   
Total current liabilities:69535444584654
Noncurrent Liabilities
Long-term debt and lease obligation1,5351,5041,5101,4381,4191,4171,396
Long-term debt, excluding current maturities1,4621,4321,4381,4381,4191,4171,396
Finance lease, liability70691 
Operating lease, liability2372 
Liabilities, other than long-term debt62646565686869
Deferred revenue and credits48
Deferred revenue464748 
Contract with customer, liability484948 
Accrued environmental loss contingencies4444445
Other liabilities13131313151516
Other undisclosed noncurrent liabilities46(1,555)(1,562)(1,490)42(1,469)(1,449)
Total noncurrent liabilities:1,6431313131,5291516
Other undisclosed liabilities 1,5991,6051,605 1,5111,489
Total liabilities:1,7111,6661,6721,6631,5871,5711,558
Stockholders' equity
Stockholders' equity attributable to noncontrolling interest107848587888990
Other undisclosed stockholders' equity381405390412427447468
Total stockholders' equity:488488475499516536558
TOTAL LIABILITIES AND EQUITY:2,1992,1542,1482,1622,1032,1072,116

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues44330283142826119
Revenue, net119
Operating lease, lease income 9895 
Operating leases, income statement, lease revenue 71 
Revenue from related parties 106102103 100 
Cost of revenue
(Cost of Goods and Services Sold)
   (14)   
Other undisclosed gross profit14      
Gross profit:45730281742826119
Operating expenses(66)(72)(67)(64)(67)(63)(62)
Other undisclosed operating income (loss)(326)106102117(296)100 
Operating income:65646471666357
Nonoperating income (expense)(17)20(17)(17)(16)(16)(15)
Other nonoperating income (expense)(35)35     
Interest and debt expense(20)(19)(19)(19)(19)(18)(18)
Income from continuing operations before equity method investments, income taxes:28652835312924
Other undisclosed income from continuing operations before income taxes20191919191818
Income from continuing operations before income taxes:48844754504742
Other undisclosed income (loss) from continuing operations(0)(0)0(0)0(0)(0)
Net income:48844754504741
Net loss attributable to noncontrolling interest(2)(2)(1)(3)(2)(2)(1)
Net income available to common stockholders, diluted:46824651484540

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:48844754504741
Comprehensive income:48844754504741
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(1)(3)(2)(2)(1)
Comprehensive income, net of tax, attributable to parent:46824651484540

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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