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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments133841536
Cash and cash equivalents133841536
Receivables68596450414035
Contract with customer, asset62
Other undisclosed current assets2223544
Total current assets:89667457614745
Noncurrent Assets
Operating lease, right-of-use asset3
Net investment in lease135
Property, plant and equipment1,4671,5391,5691,3281,050980958
Long-term investments and receivables1208485166792425
Long-term investments1208485166792425
Intangible assets, net (including goodwill)372386396323330337344
Goodwill270270267256256256256
Intangible assets, net (excluding goodwill)10111512967748188
Other noncurrent assets13282910141211
Total noncurrent assets:2,1102,0362,0801,8271,4731,3541,338
TOTAL ASSETS:2,1992,1032,1541,8841,5341,4021,383
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities52464050332726
Accounts payable35312227231823
Taxes payable4255433
Interest and dividends payable1313131877 
Deferred revenue10
Debt4      
Due to related parties     5 
Deferred revenue and credits1011121214
Contract with customer, liability9
Other liabilities2363452
Other undisclosed current liabilities     (5)10
Total current liabilities:69585565494452
Noncurrent Liabilities
Long-term debt and lease obligation1,5351,4191,5071,2441,009868808
Long-term debt, excluding current maturities1,4621,4191,5071,2441,009868808
Finance lease, liability70
Operating lease, liability2
Liabilities, other than long-term debt62686869664836
Deferred revenue and credits4747392922
Deferred revenue46
Contract with customer, liability49
Accrued environmental loss contingencies44556  
Other liabilities13151616211815
Other undisclosed noncurrent liabilities464238(1,296)(1,054)(897)(829)
Total noncurrent liabilities:1,6431,5291,61416211815
Other undisclosed liabilities   1,3311,082924849
Total liabilities:1,7111,5871,6691,4121,151986916
Stockholders' equity
Stockholders' equity attributable to parent   00(0)(0)
Accumulated other comprehensive income (loss)   00(0)(0)
Stockholders' equity attributable to noncontrolling interest107889194949597
Other undisclosed stockholders' equity381427394378288320370
Total stockholders' equity:488516485472383415467
TOTAL LIABILITIES AND EQUITY:2,1992,1032,1541,8841,5341,4021,383

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenue, net454402359333305
Operating leases, income statement, lease revenue279
Gross profit:533506454402359333305
Operating expenses(269)(256)(231)(207)(179)(178)(177)
Operating income:264250223195180155129
Nonoperating expense(31)(64)(21)(37)(32)(41)(42)
Interest and debt expense(77)(72)12(53)(37)(44)(47)
Other undisclosed income from continuing operations before equity method investments, income taxes      47
Income from continuing operations before equity method investments, income taxes:1561152141051117086
Income from equity method investments      3
Other undisclosed income (loss) from continuing operations before income taxes7772(12)533744 
Income from continuing operations before income taxes:23318620215814911489
Income tax expense(0)(0)(0)(0)(0)(0) 
Other undisclosed loss from continuing operations      (3)
Net income:23318620215814811486
Net loss attributable to noncontrolling interest(8)(8)(7)(10)(11)(8)(7)
Other undisclosed net income attributable to parent   11   
Net income attributable to parent:22517919515813710679
Preferred stock dividends and other adjustments  (2)(4)(4)(3)(3)
Net income available to common stockholders, diluted:22517919315413410276

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:23318620215814811486
Other comprehensive income (loss)  (0)(0)004
Comprehensive income:23318620215714911490
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(8)(7)(10)(11)(8)7
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   11  (13)
Comprehensive income, net of tax, attributable to parent:22517919515813710684

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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