UNITED REFINING CO (UNRF) financial statements (2020 and earlier)

Company profile

Business Address 15 BRADLEY ST
WARREN, PA 16365
State of Incorp. PA
Fiscal Year End August 31
SIC 2911 - Petroleum Refining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

8/31/2016
8/31/2014
8/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5999159
Cash and cash equivalents4899159
Short-term investments10  
Receivables7598125
Inventory, net of allowances, customer advances and progress billings167151131
Inventory167151131
Prepaid expense414 
Income taxes receivable21
Deferred tax assets 30
Other undisclosed current assets226442
Total current assets:327430478
Noncurrent Assets
Property, plant and equipment404318289
Intangible assets, net (including goodwill)1322
Goodwill111
Intangible assets, net (excluding goodwill)1111
Deferred costs 45
Deferred tax assets, net 4429
Other undisclosed noncurrent assets13773(7)
Total noncurrent assets:553441319
TOTAL ASSETS:880870796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities105148118
Accounts payable629254
Accrued liabilities211919
Employee-related liabilities 1717
Taxes payable222128
Interest and dividends payable 0 
Debt000
Due to related parties12 
Deferred tax liabilities 30
Other undisclosed current liabilities28(16)(15)
Total current liabilities:134137103
Noncurrent Liabilities
Long-term debt and lease obligation, including:433
Long-term debt, excluding current maturities260238237
Other undisclosed long-term debt and lease obligation(256)(235)(234)
Liabilities, other than long-term debt14311199
Pension and other postretirement defined benefit plans, liabilities70
Deferred tax liabilities, net484429
Liability, pension and other postretirement and postemployment benefits9567
Other undisclosed noncurrent liabilities256235234
Total noncurrent liabilities:403349336
Total liabilities:536486439
Stockholders' equity
Stockholders' equity attributable to parent, including:344384357
Preferred stock14 14
Additional paid in capital157157160
Accumulated other comprehensive loss(36)(9)(7)
Retained earnings208222190
Other undisclosed stockholders' equity attributable to parent 14 
Total stockholders' equity:344384357
TOTAL LIABILITIES AND EQUITY:880870796

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

8/31/2016
8/31/2014
8/31/2013
Revenues
(Revenue, Net)
2,0873,4393,681
Cost of revenue(1,839)(3,339)(3,385)
Cost of goods and services sold(259)(3,339)(3,385)
Gross profit:247100297
Operating expenses(222)(196)(192)
Other undisclosed operating income 240224
Operating income:26144329
Nonoperating expense(36)(29)(62)
Interest and debt expense(19)(26)(58)
Other undisclosed income from continuing operations before equity method investments, income taxes 2658
Income (loss) from continuing operations before equity method investments, income taxes:(29)115267
Other undisclosed income from continuing operations before income taxes19  
Income (loss) from continuing operations before income taxes:(10)115267
Income tax expense (benefit)4(44)(98)
Net income (loss) available to common stockholders, diluted:(6)71169

Comprehensive Income ($ in millions)

8/31/2016
8/31/2014
8/31/2013
Net income (loss):(6)71169
Other comprehensive income (loss)(20)(2)12
Comprehensive income (loss), net of tax, attributable to parent:(26)69181

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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