Holly Energy Partners, L.P. (HEP) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14132020221819
Cash and cash equivalents14132020221819
Receivables69546163636065
Contract with customer, asset7776666
Other undisclosed current assets4233302
Total current assets:94759092948592
Noncurrent Assets
Finance lease, right-of-use asset2333 3 
Operating lease, right-of-use asset2333333
Net investment in lease309306212206166167168
Property, plant and equipment    1,4511,4481,459
Long-term investments and receivables116117117118121122123
Long-term investments116117117118121122123
Intangible assets, net (including goodwill)297300304307322326365
Goodwill224224224224235235270
Intangible assets, net (excluding goodwill)73778084879194
Other noncurrent assets18171711111112
Other undisclosed noncurrent assets1,3271,3321,4281,430 (3) 
Total noncurrent assets:2,0722,0782,0832,0782,0742,0772,130
TOTAL ASSETS:2,1662,1532,1732,1712,1682,1622,222
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56545650614238
Accounts payable40404140462822
Taxes payable5955496
Interest and dividends payable11511511511
Deferred revenue15111114111111
Debt4444455
Other liabilities2333333
Other undisclosed current liabilities11111  
Total current liabilities:77717572806057
Noncurrent Liabilities
Long-term debt and lease obligation1,4001,4011,4311,4581,4761,5111,559
Long-term debt, excluding current maturities1,3331,3331,3631,3881,4061,4401,487
Finance lease, liability65666667686970
Operating lease, liability2222223
Liabilities, other than long-term debt42434547535960
Deferred revenue30313335414143
Accrued environmental loss contingencies     44
Other liabilities13121212131414
Other undisclosed noncurrent liabilities   5453(1,556)(1,605)
Total noncurrent liabilities:1,4421,4441,4761,5591,5821414
Other undisclosed liabilities     1,6051,653
Total liabilities:1,5191,5161,5501,6311,6621,6791,723
Temporary equity, carrying amount575655    
Stockholders' equity
Stockholders' equity attributable to noncontrolling interest148143143134126118118
Other undisclosed stockholders' equity443438425406379365381
Total stockholders' equity:591581568540505483499
TOTAL LIABILITIES AND EQUITY:2,1662,1532,1732,1712,1682,1622,222

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues118123126127(78)194115
Operating lease, lease income77848788 90 
Revenue from related parties     10196
Gross profit:118123126127(78)194115
Operating expenses(69)(68)(70)(80)(65)(104)(62)
Other operating income, net     7 
Other undisclosed operating income (loss)    205(74) 
Operating income:49545647632453
Nonoperating income (expense)0(3)220(9)(3)25
Other nonoperating income00510  
Interest and debt expense(13)(13)(14)(13) (14)(14)
Income from continuing operations before equity method investments, income taxes:3738445453764
Other undisclosed income from continuing operations before income taxes13131413 1414
Income from continuing operations before income taxes:50515867532178
Income tax expense (benefit)00(0)(0)   
Other undisclosed loss from continuing operations    (0)(0)(0)
Net income:50515867532178
Net loss attributable to noncontrolling interest(4)(2)(2)(3)(2)(3)(1)
Net income attributable to parent:46495664511876
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)   
Other undisclosed net loss available to common stockholders, basic    (0)  
Net income available to common stockholders, diluted:45495664511876

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:50515867532178
Comprehensive income:50515867532178
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(2)(2)(3)(2)(3)(1)
Comprehensive income, net of tax, attributable to parent:46495664511876

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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