Par Pacific Holdings, Inc. (PARR) financial statements (2022 and earlier)

Company profile

Business Address 825 TOWN & COUNTRY LANE
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and 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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments112  75118
Cash and cash equivalents112  75118
Restricted cash and investments    1
Receivables195  160122
Inventory, net of allowances, customer advances and progress billings790  322345
Inventory790  322345
Prepaid expense14  88
Derivative instruments and hedges, assets1  54
Other current assets3  135
Other undisclosed current assets14  40
Total current assets:1,130  587604
Noncurrent Assets
Finance lease, right-of-use asset12  
Operating lease, right-of-use asset384  
Property, plant and equipment153  538450
Long-term investments and receivables   137127
Long-term investments   137127
Intangible assets, net (including goodwill)143  177134
Goodwill127  153107
Intangible assets, net (excluding goodwill)16  2427
Other noncurrent assets56  2233
Other undisclosed noncurrent assets691    
Total noncurrent assets:1,440  874744
TOTAL ASSETS:2,570  1,4611,347
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities554  12798
Accounts payable155  5553
Accrued liabilities370  5527
Taxes payable29  1718
Settlement liabilities1  11
Deferred revenue10  
Debt12  0 
Customer advances and deposits10
Other undisclosed current liabilities779  380363
Total current liabilities:1,356  507471
Noncurrent Liabilities
Long-term debt and lease obligation897  399386
Long-term debt, excluding current maturities554  393385
Finance lease, liability8  
Capital lease obligations61
Operating lease, liability335  
Liabilities, other than long-term debt52  3736
Other liabilities52  3736
Other undisclosed noncurrent liabilities   57
Total noncurrent liabilities:949  441429
Total liabilities:2,305  948900
Stockholders' equity
Stockholders' equity attributable to parent266  512448
Common stock1  00
Additional paid in capital822  618593
Accumulated other comprehensive income3  32
Accumulated deficit(559)  (109)(148)
Total stockholders' equity:266  512448
TOTAL LIABILITIES AND EQUITY:2,570  1,4611,347

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,710  3,4112,443
Cost of revenue(4,427)  (3,053)(2,097)
Cost of goods and services sold(4,360)  (7)(6)
Gross profit:283  358346
Operating expenses(291)  (276)(252)
Operating income (loss):(8)  8294
Nonoperating expense(73)  (42)(23)
Interest and debt expense(66)  (40)(9)
Income (loss) from continuing operations before equity method investments, income taxes:(147)  (0)63
Other undisclosed income from continuing operations before income taxes66  409
Income (loss) from continuing operations before income taxes:(80)  4071
Income tax expense (benefit)(1)  (0)1
Net income (loss) attributable to parent:(81)  3973
Other undisclosed net loss available to common stockholders, basic   (1)(1)
Net income (loss) available to common stockholders, diluted:(81)  3972

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(81)  3973
Other comprehensive income (loss)6  1(0)
Comprehensive income (loss), net of tax, attributable to parent:(75)  4073

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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