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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14221338415
Cash and cash equivalents14221338415
Receivables69636859645041
Contract with customer, asset7662
Other undisclosed current assets4322235
Total current assets:94948966745761
Noncurrent Assets
Finance lease, right-of-use asset2  
Operating lease, right-of-use asset233
Net investment in lease309166135
Property, plant and equipment 1,4511,4671,5391,5691,3281,050
Long-term investments and receivables116121120848516679
Long-term investments116121120848516679
Intangible assets, net (including goodwill)297322372386396323330
Goodwill224235270270267256256
Intangible assets, net (excluding goodwill)73871011151296774
Other noncurrent assets18111328291014
Other undisclosed noncurrent assets1,327      
Total noncurrent assets:2,0722,0742,1102,0362,0801,8271,473
TOTAL ASSETS:2,1662,1682,1992,1032,1541,8841,534
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56615246405033
Accounts payable40463531222723
Taxes payable5442554
Interest and dividends payable1111131313187
Deferred revenue151110
Debt444    
Deferred revenue and credits101112
Contract with customer, liability9
Other liabilities2323634
Other undisclosed current liabilities11     
Total current liabilities:77806958556549
Noncurrent Liabilities
Long-term debt and lease obligation1,4001,4761,5351,4191,5071,2441,009
Long-term debt, excluding current maturities1,3331,4061,4621,4191,5071,2441,009
Finance lease, liability656870
Operating lease, liability222
Liabilities, other than long-term debt42536268686966
Deferred revenue and credits474739
Deferred revenue304146
Contract with customer, liability49
Accrued environmental loss contingencies  44556
Other liabilities13131315161621
Other undisclosed noncurrent liabilities 53464238(1,296)(1,054)
Total noncurrent liabilities:1,4421,5821,6431,5291,6141621
Other undisclosed liabilities     1,3311,082
Total liabilities:1,5191,6621,7111,5871,6691,4121,151
Temporary equity, carrying amount57      
Stockholders' equity
Stockholders' equity attributable to parent     00
Accumulated other comprehensive income     00
Stockholders' equity attributable to noncontrolling interest14812610788919494
Other undisclosed stockholders' equity443379381427394378288
Total stockholders' equity:591505488516485472383
TOTAL LIABILITIES AND EQUITY:2,1662,1682,1992,1032,1541,8841,534

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues494498533506454402359
Revenue, net454402359
Operating lease, lease income3363612
Operating leases, income statement, lease revenue279
Gross profit:494498533506454402359
Operating expenses(288)(293)(269)(256)(231)(207)(179)
Operating income:207205264250223195180
Nonoperating income (expense)19(26)(31)(64)(21)(37)(32)
Other nonoperating income6900010
Interest and debt expense(54)(26)(77)(72)12(53)(37)
Income from continuing operations before equity method investments, income taxes:172153156115214105111
Other undisclosed income (loss) from continuing operations before income taxes54267772(12)5337
Income from continuing operations before income taxes:226179233186202158149
Income tax expense(0)(0)(0)(0)(0)(0)(0)
Net income:226179233186202158148
Net loss attributable to noncontrolling interest(11)(9)(8)(8)(7)(10)(11)
Other undisclosed net income attributable to parent     11 
Net income attributable to parent:215170225179195158137
Preferred stock dividends and other adjustments    (2)(4)(4)
Undistributed earnings (loss) allocated to participating securities, basic(1)(0)   
Net income available to common stockholders, diluted:214170225179193154134

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:226179233186202158148
Other comprehensive income (loss)    (0)(0)0
Comprehensive income:226179233186202157149
Comprehensive loss, net of tax, attributable to noncontrolling interest(11)(9)(8)(8)(7)(10)(11)
Other undisclosed comprehensive income, net of tax, attributable to parent     11 
Comprehensive income, net of tax, attributable to parent:215170225179195158137

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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