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)

12/31/2019
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 investments8851,1556311,1352111,0421,665
Cash and cash equivalents8851,15563171167568940
Short-term investments   424144474725
Receivables885714791548352602709
Inventory, net of allowances, customer advances and progress billings1,4741,3541,6301,1368421,0351,354
Inventory1,4741,3541,6301,1368421,0351,354
Deferred costs521340231    
Income taxes receivable109
Deferred tax assets    (17)(224)
Other current assets628237334410459
Other undisclosed current assets(521)(348)(257)  17224
Total current assets:3,3063,2963,0632,8511,4482,7833,896
Noncurrent Assets
Operating lease, right-of-use asset467
Property, plant and equipment4,8234,6834,7134,0084,1163,6713,395
Intangible assets, net (including goodwill)     2,3322,332
Goodwill     2,3322,332
Other noncurrent assets3,5693,0162,9162,5762,8252,7772,766
Deferred tax assets, net    (647)(617)
Other undisclosed noncurrent assets     (1,685)(1,715)
Total noncurrent assets:8,8597,6987,6296,5856,9406,4486,160
TOTAL ASSETS:12,16510,99510,6929,4368,3889,23110,057
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5821,1681,4231,0838611,2341,450
Accounts payable1,2168731,2219357161,1081,325
Accrued liabilities338278199148136106125
Taxes payable28183 820 
Debt104      
Derivative instruments and hedges, liabilities      27
Deferred tax liabilities    17224
Other undisclosed current liabilities      (27)
Total current liabilities:1,6861,1681,4231,0838611,2511,674
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,4562,4122,4992,2351,0401,055998
Long-term debt, excluding current maturities2,4562,4122,4992,2351,0401,055998
Finance lease, liability5
Operating lease, liability364
Other undisclosed long-term debt and lease obligation(370)      
Liabilities, other than long-term debt1,179233874815678824801
Deferred tax liabilities, net 648620498647617
Deferred income tax liabilities889
Liability, pension and other postretirement and postemployment benefits29     
Other liabilities260233226195180177158
Derivative instruments and hedges, liabilities      26
Other undisclosed noncurrent liabilities335723    (26)
Total noncurrent liabilities:3,9693,3673,3733,0501,7181,8791,773
Total liabilities:5,6554,5364,7954,1342,5793,1303,447
Stockholders' equity
Stockholders' equity attributable to parent5,9785,9195,3714,6815,2535,5246,000
Common stock3333333
Treasury stock, value(2,988)(2,491)(2,141)(2,135)(2,027)(1,289)(1,139)
Additional paid in capital4,2054,1964,1334,0274,0114,0043,991
Accumulated other comprehensive income (loss)15143011(4)281
Retained earnings4,7444,1973,3472,7773,2712,7793,144
Stockholders' equity attributable to noncontrolling interest531540526621556577610
Total stockholders' equity:6,5096,4595,8975,3025,8106,1016,609
TOTAL LIABILITIES AND EQUITY:12,16510,99510,6929,4368,3889,23110,057

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
Revenues17,48717,71514,2516913,23819,76420,161
Revenue, net14,25110,53613,23819,76420,161
Cost of revenue(14,815)(14,805)(12,053)(9,491)(10,822)(35,252)(17,696)
Cost of goods and services sold(13,918)(13,941)(11,359)292(10,466)(35,252)(17,392)
Gross profit:2,6712,9102,198(9,422)2,416(15,487)2,465
Operating expenses(1,394)(1,286)(1,294)(1,144)(1,172)(1,259)(1,219)
Other undisclosed operating income   10,467 17,262 
Operating income (loss):1,2771,624904(100)1,2445161,246
Nonoperating income (expense)(106)(100)35(72)(36)(48)(87)
Investment income, nonoperating22174235218
Foreign currency transaction gain, before tax5617    
Interest and debt expense(143)(131)(12)(9)(1)(51)(90)
Other undisclosed income from continuing operations before equity method investments, income taxes      90
Income (loss) from continuing operations before equity method investments, income taxes:1,0281,393927(180)1,2074161,159
Loss from equity method investments     (2)(2)
Other undisclosed income (loss) from continuing operations before income taxes143131(58)91532
Income (loss) from continuing operations before income taxes:1,1721,524869(172)1,2094681,159
Income tax expense (benefit)(299)(347)12(19)(406)(141)(392)
Net income (loss):8721,177881(191)803326768
Net loss attributable to noncontrolling interest(100)(79)(76)(70)(62)(45)(32)
Net income (loss) attributable to parent:7721,098805(260)740281736
Undistributed earnings (loss) allocated to participating securities, basic(1)(4)(5)
Other undisclosed net loss available to common stockholders, basic   (1)(2)(1)(3)
Net income (loss) available to common stockholders, diluted:7711,094800(261)738280733

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 (loss):8721,177881(191)803326768
Other comprehensive income (loss)1(23)1915(32)2712
Comprehensive income (loss):8741,154901(176)771353779
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(100)(79)(76)(69)(63)(45)34
Other undisclosed comprehensive loss, net of tax, attributable to parent      (69)
Comprehensive income (loss), net of tax, attributable to parent:7741,075825(246)708308745

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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