HOLLY ENERGY PARTNERS LP HEP Income Statement

Holly energy partners lp (HEP)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Affiliates
101,428	99,995	106,027	102,369	103,359	102,179	100,188	94,013	101,428	99,821	95,138	93,152	89,025	60,649	77,398	79,179	82,846	77,953	73,716	68,297	72,255	71,434	67,450	64,480	71,832	62,146	65,523	63,187	61,512	69,162	62,115	57,774	56,531	56,301	40,714	37,139	34,107	37,313	37,079
Revenues
127,854	131,634	135,895	130,751	134,497	132,792	125,784	118,760	128,884	-	110,364	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,236	8,404
Total revenues
-	-	29,868	28,382	-	-	25,596	24,747	27,456	-	15,226	109,143	105,634	-	92,610	94,897	102,010	97,251	88,389	83,479	89,756	88,413	82,130	74,998	87,004	77,876	77,723	75,285	74,298	81,431	74,054	68,660	68,415	69,275	49,036	50,940	45,017	46,549	45,483
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)
34,981	38,951	44,924	40,602	37,519	39,699	35,996	34,533	36,202	35,021	35,998	34,097	32,489	34,818	32,101	29,212	27,855	27,895	24,196	25,400	28,065	33,350	25,456	24,567	22,812	27,355	21,686	24,538	25,865	24,128	22,732	21,907	20,475	20,961	16,398	14,366	12,796	13,632	13,495
Depreciation and amortization
23,978	24,513	24,121	24,247	23,824	24,375	24,367	24,608	25,142	21,549	19,007	19,945	18,777	19,245	18,920	15,712	16,551	16,885	16,444	15,179	14,798	15,576	15,483	15,882	15,588	16,693	19,449	15,127	14,154	14,660	14,351	14,150	14,300	12,689	8,916	7,713	7,640	7,237	7,591
General and administrative
2,702	2,929	2,714	1,988	2,620	2,747	2,498	2,673	3,122	5,451	3,623	2,615	2,634	3,914	2,664	2,863	3,091	2,897	3,673	2,696	3,290	2,891	2,266	2,516	3,151	3,002	2,415	3,100	3,232	1,669	1,399	2,487	2,039	1,628	2,012	1,573	1,363	1,508	1,913
Operating Expenses
61,661	66,393	71,759	66,837	63,963	66,821	62,861	61,814	64,466	62,021	58,628	56,657	53,900	57,977	53,685	47,787	47,497	47,677	44,313	43,275	46,153	51,817	43,205	42,965	41,551	47,050	43,550	42,765	43,251	40,457	38,482	38,544	36,814	35,278	27,326	23,652	21,799	22,377	22,999
Operating Income (Loss)
66,193	65,241	64,136	63,914	70,534	65,971	62,923	56,946	64,418	67,200	51,736	52,486	51,734	54,549	38,925	47,110	54,513	49,574	44,076	40,204	43,603	36,596	38,925	32,033	45,453	30,826	34,173	32,520	31,047	40,974	35,572	30,116	31,601	33,997	21,710	27,288	23,218	24,172	22,484
Other income (expense):
Equity in earnings of equity method investments
1,714	-37	1,334	1,783	2,100	1,698	1,114	1,734	1,279	1,545	5,072	4,053	1,840	4,058	3,767	3,623	2,765	2,169	1,269	631	734	837	880	748	522	588	835	746	657	-2,502	877	794	831	704	641	467	740	570	544
Interest expense
17,767	19,764	18,807	19,230	19,022	18,650	18,042	17,626	17,581	17,089	14,072	13,748	13,539	16,294	14,447	11,276	10,535	10,108	9,486	9,056	8,768	8,733	8,585	8,329	10,454	11,081	11,816	11,629	12,484	12,913	12,540	11,324	10,405	9,858	8,828	8,724	8,549	8,417	9,549
Interest income
2,218	2,195	2,243	551	528	527	540	526	515	185	101	103	102	108	108	112	112	142	381	3	0	0	0	0	3	51	3	4	103	0	0	0	0	-	-	-	-	1	2
Gain on sales-type lease
-	-	35,166	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-25,915	-	-	-	0	-	-	-	-	0	0	0	-12,225	0	0	0	0	-	-	-	-	0	0	0	-7,677	0	0	0	0	0	0	-383	-2,596	0	0	0	0	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,022	-	0	0	0	9	20	0	-12	-	-
Gain on sale of assets and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	0	37	11	26	8	0	61	0	0	23,093	0	-10,913	-12,170	-	-8,167	-8,257	-7,821	9	-
Gain (Loss) on Disposition of Assets
506	-	142	111	-310	-	38	-53	86	-	155	89	73	-	112	0	-8	-	176	50	159	-	-	-	0	-	-159	0	-	-	-	-	-	-	-	-	-	-	-
Nonoperating Income (Expense)
-39,244	-17,277	20,078	-16,785	-16,704	-16,375	-16,350	-15,419	-15,701	21,000	-8,744	-9,503	-23,749	-11,555	-10,460	-7,541	-7,666	-7,717	-7,660	-8,351	-7,875	-7,859	-7,694	-7,555	-17,598	-10,495	-11,076	-10,879	-9,702	-	-11,663	-	-	-	-	-	-	-7,837	-9,003
Income before income taxes
26,949	47,964	84,214	47,129	53,830	49,596	46,573	41,527	48,717	88,200	42,992	42,983	27,985	42,994	28,465	39,569	46,847	41,857	36,416	31,853	35,728	28,737	31,231	24,478	27,855	20,331	23,097	21,641	21,345	28,933	23,909	19,203	19,431	24,852	13,543	19,031	15,397	16,335	13,481
State income tax benefit (expense)
37	5	30	-30	36	-123	39	28	82	85	-69	127	106	75	61	54	95	122	69	-64	101	90	42	28	75	-107	40	344	56	84	137	75	75	65	-77	18	228	76	46
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
26,912	47,959	84,184	47,159	53,794	49,719	46,534	41,499	48,635	88,115	43,061	42,856	27,879	42,919	28,404	39,515	46,752	41,735	36,347	31,917	35,627	28,647	31,189	24,450	27,780	20,438	23,057	21,297	21,289	28,849	23,772	19,128	19,356	-	13,620	-	-	-	-
Allocation of net loss attributable to Predecessor
-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,547	1,960	1,150	-	-	-	-	-	-	-	-	-	-	-	-	1	146	2,192	1,861	-	3,000	-	-	-	-
Allocation of net income attributable to noncontrolling interests
2,051	2,292	1,839	1,469	2,612	2,186	1,531	1,356	2,467	2,044	990	1,521	2,316	1,558	1,166	2,355	4,927	3,269	2,081	1,743	4,027	1,726	1,509	1,416	3,637	1,440	1,172	1,130	2,890	1,811	582	-683	-557	-	-124	-	-	-	-
Net Income (Loss) Attributable to Parent
24,861	45,667	82,345	45,690	51,182	47,533	45,003	40,143	46,168	86,071	42,071	41,335	25,563	41,361	34,785	39,120	42,975	41,168	34,266	30,174	31,600	28,668	29,680	23,034	24,143	18,998	21,885	20,167	18,399	27,039	23,336	22,003	21,774	28,873	16,744	19,013	15,169	16,259	13,435
General partner interest in net income attributable to the Partnership, including incentive distributions
-	-	-	-	-	-	-	-	-	0	419	-18,328	-17,138	-17,171	-15,222	-12,677	-12,103	-12,150	-10,611	-9,969	-9,607	-9,333	-8,940	-8,393	-8,001	-7,484	-7,128	-6,680	-6,231	-5,777	-5,276	-5,894	-5,503	-12,512	-4,009	-3,847	3,562	-3,172	2,909
Limited partners’ interest in net income
-	-	-	-	-	-	-	-	-	86,071	42,490	23,007	8,425	24,190	19,563	26,443	30,872	29,018	23,655	20,205	21,993	19,335	20,740	14,641	16,142	11,514	14,757	13,487	12,168	21,262	18,060	16,109	16,271	23,485	12,735	15,166	11,607	13,087	10,526
Net Income (Loss) Per Outstanding Limited Partnership Unit Basic and Diluted
0.24	0.43	0.78	0.43	0.49	0.45	0.43	0.38	0.44	1.13	0.66	0.36	0.13	0.39	0.33	0.45	0.52	0.49	0.40	0.34	0.37	0.33	0.35	0.25	0.27	0.19	0.25	0.23	0.21	0.38	0.32	0.29	0.30	-0.42	0.58	0.69	0.53	0.59	0.48
Weighted Average Number of Shares Outstanding, Basic and Diluted
105,440	105,440	105,440	105,440	105,440	105,463	105,440	105,429	103,836	89,646	64,319	64,086	63,113	62,743	59,223	58,865	58,657	58,657	58,657	58,657	58,657	58,657	58,657	58,657	58,657	58,680	58,657	58,657	56,990	56,804	56,536	54,722	54,722	116,451	22,079	22,079	22,079	22,079	22,079
Third parties
Revenues
26,426	-	-	-	31,138	-	-	-	-	-	-	15,991	16,609	18,833	15,212	15,718	19,164	19,298	14,673	15,182	17,501	16,979	14,680	10,518	15,172	15,730	12,200	12,098	12,786	12,269	11,939	10,886	11,884	12,974	8,322	13,801	10,910	-	-