HollyFrontier Corporation (HFC) Financial Statements (2024 and earlier)

Company Profile

Business Address 2828 N. HARWOOD
DALLAS, TX 75201
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2911 - Petroleum Refining (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 investments 1,4821,3981,1931,3681,525903
Cash and cash equivalents 1,4821,3981,1931,3681,525903
Receivables 948996844721622671
Inventory, net of allowances, customer advances and progress billings 1,8871,7011,6171,1731,1381,174
Inventory 1,8871,7011,6171,1731,1381,174
Other current assets 394946483456
Total current assets: 4,3554,1443,7003,3113,3192,804
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    19  
Operating lease, right-of-use asset 396404341351365390
Property, plant and equipment     4,5284,485
Other noncurrent assets 3,2803,2523,2523,2723,3683,385
Other undisclosed noncurrent assets 4,8674,7604,6424,555  
Total noncurrent assets: 8,5428,4168,2358,1968,2618,260
TOTAL ASSETS: 12,89712,56011,93511,50711,58011,064
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,9381,9081,6611,2771,1381,231
Taxes payable 206122719
Accounts payable 1,4611,4811,2671,001825871
Accrued liabilities 457421382274306341
Debt    299102
Other undisclosed current liabilities 1071059696  
Total current liabilities: 2,0442,0131,7571,3751,2371,333
Noncurrent Liabilities
Long-term debt and lease obligation, including: 3,0723,1013,1263,1433,4772,800
Long-term debt, excluding current maturities 3,0723,1013,1263,1433,1762,481
Finance lease, liability    5  
Other undisclosed long-term debt and lease obligation (315)(328)(275)(291)  
Liabilities, other than long-term debt 1,1361,0789389819901,017
Deferred income tax liabilities 871806671714729766
Other liabilities 266272267267261251
Operating lease, liability 315328275286300319
Other undisclosed noncurrent liabilities 315328275286  
Total noncurrent liabilities: 4,5234,5074,3394,4104,4663,816
Total liabilities: 6,5686,5206,0975,7855,7035,149
Equity
Equity, attributable to parent 5,7275,4435,2595,1685,3365,383
Common stock 333333
Treasury stock, value (2,966)(2,966)(2,969)(2,969)(2,982)(2,986)
Additional paid in capital 4,2334,2254,2174,2084,2174,216
Accumulated other comprehensive income 410513102
Retained earnings 4,4534,1734,0043,9134,0894,148
Equity, attributable to noncontrolling interest 603597579554540532
Total equity: 6,3306,0405,8385,7225,8775,915
TOTAL LIABILITIES AND EQUITY: 12,89712,56011,93511,50711,58011,064

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
Revenues4,6854,5773,5042,9012,8192,063
Cost of revenue (4,035)(3,909)(2,966)(2,874)(2,440)(1,908)
Cost of goods and services sold (3,823)(3,826)(2,960)(2,511)(2,377)(1,577)
Gross profit: 65066853826380155
Operating expenses (353)(334)(400)(133)(407)(345)
Operating income (loss): 297334138(106)(27)(190)
Nonoperating income (expense) 60(16)16(32)559
Investment income, nonoperating 111 12
Gain (loss), foreign currency transaction, before tax (3)1(1) 12
Other nonoperating income  82 12
Interest and debt expense (27)(29)(38)(52)(31)(33)
Income (loss) from continuing operations before equity method investments, income taxes: 331289116(190)(3)(214)
Other undisclosed income from continuing operations before income taxes 272938523133
Income (loss) from continuing operations before income taxes: 358318155(138)28(181)
Income tax expense (benefit) (55)(123)2844(5)31
Income (loss) from continuing operations: 303195183(95)23(150)
Income (loss) before gain (loss) on sale of properties:303195183(95)23(150)
Net income (loss): 303195183(95)23(150)
Net loss attributable to noncontrolling interest (22)(26)(35)(23)(26)(26)
Net income (loss) attributable to parent: 281169148(118)(2)(177)
Other undisclosed net loss available to common stockholders, basic (4)(2)(2)(2)  
Net income (loss) available to common stockholders, diluted: 277167146(120)(2)(177)

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 (loss): 303195183(95)23(150)
Other comprehensive income (loss) (5)5(9)3814
Comprehensive income (loss): 298200174(91)31(136)
Comprehensive loss, net of tax, attributable to noncontrolling interest (22)(26)(35)(23)(26)(26)
Comprehensive income (loss), net of tax, attributable to parent: 276174139(114)5(162)

Statements Sources

The financial statements are based on the Company's filings with 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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