HollyFrontier Corporation (HFC) 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 2911 - Petroleum Refining (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 investments1,3688851,1556311,1352111,042
Cash and cash equivalents1,3688851,15563171167568
Short-term investments    424144474
Receivables721885714791548352602
Inventory, net of allowances, customer advances and progress billings1,1731,4741,3541,6301,1368421,035
Inventory1,1731,4741,3541,6301,1368421,035
Deferred costs 521340231   
Deferred tax assets    (17)
Other current assets486282373344104
Other undisclosed current assets (521)(348)(257)  17
Total current assets:3,3113,3063,2963,0632,8511,4482,783
Noncurrent Assets
Finance lease, right-of-use asset19 
Operating lease, right-of-use asset351467
Property, plant and equipment 4,8234,6834,7134,0084,1163,671
Intangible assets, net (including goodwill)      2,332
Goodwill      2,332
Other noncurrent assets3,2723,5693,0162,9162,5762,8252,777
Deferred tax assets, net    (647)
Other undisclosed noncurrent assets4,555     (1,685)
Total noncurrent assets:8,1968,8597,6987,6296,5856,9406,448
TOTAL ASSETS:11,50712,16510,99510,6929,4368,3889,231
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2771,5821,1681,4231,0838611,234
Accounts payable1,0011,2168731,2219357161,108
Accrued liabilities274338278199148136106
Taxes payable228183 820
Debt2104     
Deferred tax liabilities    17
Other undisclosed current liabilities96      
Total current liabilities:1,3751,6861,1681,4231,0838611,251
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1432,4562,4122,4992,2351,0401,055
Long-term debt, excluding current maturities3,1432,4562,4122,4992,2351,0401,055
Finance lease, liability55
Operating lease, liability286364
Other undisclosed long-term debt and lease obligation(291)(370)     
Liabilities, other than long-term debt9811,179233874815678824
Deferred tax liabilities, net 648620498647
Deferred income tax liabilities714889
Liability, pension and other postretirement and postemployment benefits 29     
Other liabilities267260233226195180177
Other undisclosed noncurrent liabilities286335723    
Total noncurrent liabilities:4,4103,9693,3673,3733,0501,7181,879
Total liabilities:5,7855,6554,5364,7954,1342,5793,130
Stockholders' equity
Stockholders' equity attributable to parent5,1685,9785,9195,3714,6815,2535,524
Common stock3333333
Treasury stock, value(2,969)(2,988)(2,491)(2,141)(2,135)(2,027)(1,289)
Additional paid in capital4,2084,2054,1964,1334,0274,0114,004
Accumulated other comprehensive income (loss)1315143011(4)28
Retained earnings3,9134,7444,1973,3472,7773,2712,779
Stockholders' equity attributable to noncontrolling interest554531540526621556577
Total stockholders' equity:5,7226,5096,4595,8975,3025,8106,101
TOTAL LIABILITIES AND EQUITY:11,50712,16510,99510,6929,4368,3889,231

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
Revenues11,18417,48717,71514,2516913,23819,764
Revenue, net14,25110,53613,23819,764
Cost of revenue(10,617)(14,815)(14,805)(12,053)(9,491)(10,822)(35,252)
Cost of goods and services sold(9,159)(13,918)(13,941)(11,359)292(10,466)(35,252)
Gross profit:5672,6712,9102,198(9,422)2,416(15,487)
Operating expenses(1,300)(1,394)(1,286)(1,294)(1,144)(1,172)(1,259)
Other undisclosed operating income    10,467 17,262
Operating income (loss):(734)1,2771,624904(100)1,244516
Nonoperating income (expense)(13)(106)(100)35(72)(36)(48)
Investment income, nonoperating8221742352
Foreign currency transaction gain, before tax25617   
Interest and debt expense(26)(143)(131)(12)(9)(1)(51)
Income (loss) from continuing operations before equity method investments, income taxes:(773)1,0281,393927(180)1,207416
Loss from equity method investments      (2)
Other undisclosed income (loss) from continuing operations before income taxes26143131(58)9153
Income (loss) from continuing operations before income taxes:(747)1,1721,524869(172)1,209468
Income tax expense (benefit)232(299)(347)12(19)(406)(141)
Net income (loss):(515)8721,177881(191)803326
Net loss attributable to noncontrolling interest(87)(100)(79)(76)(70)(62)(45)
Net income (loss) attributable to parent:(601)7721,098805(260)740281
Undistributed earnings (loss) allocated to participating securities, basic(2)(1)(4)(5)
Other undisclosed net loss available to common stockholders, basic    (1)(2)(1)
Net income (loss) available to common stockholders, diluted:(603)7711,094800(261)738280

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 (loss):(515)8721,177881(191)803326
Other comprehensive income (loss)(1)1(23)1915(32)27
Comprehensive income (loss):(516)8741,154901(176)771353
Comprehensive loss, net of tax, attributable to noncontrolling interest(87)(100)(79)(76)(69)(63)(45)
Comprehensive income (loss), net of tax, attributable to parent:(603)7741,075825(246)708308

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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