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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2213384153
Cash and cash equivalents2213384153
Receivables63685964504140
Contract with customer, asset662
Other undisclosed current assets3222354
Total current assets:94896674576147
Noncurrent Assets
Operating lease, right-of-use asset33
Net investment in lease166135
Property, plant and equipment1,4511,4671,5391,5691,3281,050980
Long-term investments and receivables12112084851667924
Long-term investments12112084851667924
Intangible assets, net (including goodwill)322372386396323330337
Goodwill235270270267256256256
Intangible assets, net (excluding goodwill)87101115129677481
Other noncurrent assets11132829101412
Total noncurrent assets:2,0742,1102,0362,0801,8271,4731,354
TOTAL ASSETS:2,1682,1992,1032,1541,8841,5341,402
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities61524640503327
Accounts payable46353122272318
Taxes payable4425543
Interest and dividends payable111313131877
Deferred revenue1110
Debt44     
Due to related parties      5
Deferred revenue and credits10111212
Contract with customer, liability9
Other liabilities3236345
Other undisclosed current liabilities1     (5)
Total current liabilities:80695855654944
Noncurrent Liabilities
Long-term debt and lease obligation1,4761,5351,4191,5071,2441,009868
Long-term debt, excluding current maturities1,4061,4621,4191,5071,2441,009868
Finance lease, liability6870
Operating lease, liability22
Liabilities, other than long-term debt53626868696648
Deferred revenue and credits47473929
Deferred revenue4146
Contract with customer, liability49
Accrued environmental loss contingencies 44556 
Other liabilities13131516162118
Other undisclosed noncurrent liabilities53464238(1,296)(1,054)(897)
Total noncurrent liabilities:1,5821,6431,5291,614162118
Other undisclosed liabilities    1,3311,082924
Total liabilities:1,6621,7111,5871,6691,4121,151986
Stockholders' equity
Stockholders' equity attributable to parent    00(0)
Accumulated other comprehensive income (loss)    00(0)
Stockholders' equity attributable to noncontrolling interest1261078891949495
Other undisclosed stockholders' equity379381427394378288320
Total stockholders' equity:505488516485472383415
TOTAL LIABILITIES AND EQUITY:2,1682,1992,1032,1541,8841,5341,402

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenue, net454402359333
Operating lease, lease income3612
Operating leases, income statement, lease revenue279
Gross profit:498533506454402359333
Operating expenses(293)(269)(256)(231)(207)(179)(178)
Operating income:205264250223195180155
Nonoperating expense(26)(31)(64)(21)(37)(32)(41)
Other nonoperating income9000100
Interest and debt expense(26)(77)(72)12(53)(37)(44)
Income from continuing operations before equity method investments, income taxes:15315611521410511170
Other undisclosed income (loss) from continuing operations before income taxes267772(12)533744
Income from continuing operations before income taxes:179233186202158149114
Income tax expense(0)(0)(0)(0)(0)(0)(0)
Net income:179233186202158148114
Net loss attributable to noncontrolling interest(9)(8)(8)(7)(10)(11)(8)
Other undisclosed net income attributable to parent    11  
Net income attributable to parent:170225179195158137106
Preferred stock dividends and other adjustments   (2)(4)(4)(3)
Undistributed earnings (loss) allocated to participating securities, basic(0)   
Net income available to common stockholders, diluted:170225179193154134102

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:179233186202158148114
Other comprehensive income (loss)   (0)(0)00
Comprehensive income:179233186202157149114
Comprehensive loss, net of tax, attributable to noncontrolling interest(9)(8)(8)(7)(10)(11)(8)
Other undisclosed comprehensive income, net of tax, attributable to parent    11  
Comprehensive income, net of tax, attributable to parent:170225179195158137106

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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