HollyFrontier Corporation (HFC) 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 2911 - Petroleum Refining (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 investments2341,3688851,1556311,135211
Cash and cash equivalents2341,3688851,15563171167
Short-term investments     424144
Receivables1,339721885714791548352
Inventory, net of allowances, customer advances and progress billings2,1221,1731,4741,3541,6301,136842
Inventory2,1221,1731,4741,3541,6301,136842
Deferred costs  521340231  
Other current assets67486282373344
Other undisclosed current assets  (521)(348)(257)  
Total current assets:3,7623,3113,3063,2963,0632,8511,448
Noncurrent Assets
Finance lease, right-of-use asset6719 
Operating lease, right-of-use asset396351467
Property, plant and equipment  4,8234,6834,7134,0084,116
Intangible assets, net (including goodwill)299      
Intangible assets, net (excluding goodwill)299      
Other noncurrent assets3,3433,2723,5693,0162,9162,5762,825
Other undisclosed noncurrent assets5,0494,555     
Total noncurrent assets:9,1548,1968,8597,6987,6296,5856,940
TOTAL ASSETS:12,91711,50712,16510,99510,6929,4368,388
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9551,2771,5821,1681,4231,083861
Accounts payable1,6131,0011,2168731,221935716
Accrued liabilities316274338278199148136
Taxes payable25228183 8
Debt112104    
Other undisclosed current liabilities10096     
Total current liabilities:2,0651,3751,6861,1681,4231,083861
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,0733,1432,4562,4122,4992,2351,040
Long-term debt, excluding current maturities3,0733,1432,4562,4122,4992,2351,040
Finance lease, liability5755
Operating lease, liability309286364
Other undisclosed long-term debt and lease obligation(365)(291)(370)    
Liabilities, other than long-term debt1,1759811,179233874815678
Deferred tax liabilities, net 648620498
Deferred income tax liabilities837714889
Liability, pension and other postretirement and postemployment benefits  29    
Other liabilities338267260233226195180
Other undisclosed noncurrent liabilities309286335723   
Total noncurrent liabilities:4,5574,4103,9693,3673,3733,0501,718
Total liabilities:6,6225,7855,6554,5364,7954,1342,579
Stockholders' equity
Stockholders' equity attributable to parent5,6885,1685,9785,9195,3714,6815,253
Common stock3333333
Treasury stock, value(2,951)(2,969)(2,988)(2,491)(2,141)(2,135)(2,027)
Additional paid in capital4,2204,2084,2054,1964,1334,0274,011
Accumulated other comprehensive income (loss)31315143011(4)
Retained earnings4,4143,9134,7444,1973,3472,7773,271
Stockholders' equity attributable to noncontrolling interest607554531540526621556
Total stockholders' equity:6,2945,7226,5096,4595,8975,3025,810
TOTAL LIABILITIES AND EQUITY:12,91711,50712,16510,99510,6929,4368,388

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
Revenues18,38911,18417,48717,71514,2516913,238
Revenue, net14,25110,53613,238
Cost of revenue(16,122)(10,617)(14,815)(14,805)(12,053)(9,491)(10,822)
Cost of goods and services sold(15,567)(9,159)(13,918)(13,941)(11,359)292(10,466)
Gross profit:2,2675672,6712,9102,198(9,422)2,416
Operating expenses(1,517)(1,300)(1,394)(1,286)(1,294)(1,144)(1,172)
Other undisclosed operating income     10,467 
Operating income (loss):749(734)1,2771,624904(100)1,244
Nonoperating income (expense)38(13)(106)(100)35(72)(36)
Investment income, nonoperating482217423
Foreign currency transaction gain (loss), before tax(3)25617  
Interest and debt expense(125)(26)(143)(131)(12)(9)(1)
Income (loss) from continuing operations before equity method investments, income taxes:662(773)1,0281,393927(180)1,207
Other undisclosed income (loss) from continuing operations before income taxes12526143131(58)91
Income (loss) from continuing operations before income taxes:787(747)1,1721,524869(172)1,209
Income tax expense (benefit)(124)232(299)(347)12(19)(406)
Net income (loss):663(515)8721,177881(191)803
Net loss attributable to noncontrolling interest(105)(87)(100)(79)(76)(70)(62)
Net income (loss) attributable to parent:558(601)7721,098805(260)740
Undistributed earnings (loss) allocated to participating securities, basic (2)(1)(4)(5)
Other undisclosed net loss available to common stockholders, basic(7)    (1)(2)
Net income (loss) available to common stockholders, diluted:551(603)7711,094800(261)738

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 (loss):663(515)8721,177881(191)803
Other comprehensive income (loss)(11)(1)1(23)1915(32)
Comprehensive income (loss):652(516)8741,154901(176)771
Comprehensive loss, net of tax, attributable to noncontrolling interest(105)(87)(100)(79)(76)(69)(63)
Comprehensive income (loss), net of tax, attributable to parent:548(603)7741,075825(246)708

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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