HOLLYFRONTIER CORP HFC Cash Flow

Hollyfrontier corp (HFC)

CashFlow / TTM

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
302,580	872,352	954,600	1,018,752	1,164,848	1,177,224	1,571,141	1,496,726	1,207,886	881,242	394,472	194,426	-272,117	-190,945	-285,356	-162,420	603,237	802,508	616,110	593,061	405,027	326,328	606,467	507,818	588,414	767,823	1,098,022	1,619,763	1,856,384	1,760,033	1,595,889	1,516,250	1,215,713	1,059,704	848,104	376,483	247,316	133,051	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
529,079	509,925	489,064	470,933	454,404	437,324	429,336	423,335	418,238	409,937	397,800	386,046	371,187	363,027	360,005	356,639	354,019	346,151	356,077	349,258	362,845	363,381	341,948	343,130	312,232	303,446	289,087	272,072	258,528	242,868	231,489	209,617	184,501	159,707	138,190	124,088	121,080	117,529	0	0	0
Lower of cost or market inventory valuation adjustment
0	-	178,749	162,524	7,797	136,305	0	0	-224,346	-	-112,979	-1,539	-223,994	-291,938	-50,728	174,411	177,404	226,979	480,903	255,452	390,932	397,478	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings of equity method investments, inclusive of distributions
-840	213	-34	-79	-205	149	-1,803	-1,816	-1,480	-1,450	168	714	-953	-961	-644	-955	209	-8,613	-8,271	-10,914	-12,451	-5,257	-7,282	-5,687	-5,933	-5,198	-3,716	-3,398	-1,295	-701	-358	-365	-786	-387	-274	-300	-598	-482	0	0	0
Loss on early extinguishment of debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt attributable to unamortized discount
-	-	-	-	-	-	-	-	-	2,475	0	0	0	-	-	-	-	-	-	-	-	1,489	1,489	1,489	9,437	7,948	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of assets
353	50	1,917	1,991	2,000	2,171	1,100	1,294	623	508	-719	-812	-30	-72	-17,189	-10,255	-9,420	-8,677	10,041	2,505	1,632	866	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-104,281	78,666	77,715	78,612	81,804	76,969	-128,660	-88,244	-117,663	-137,522	153,212	79,235	59,457	98,592	-44,233	-161,650	-90,004	-146,136	-254,665	-138,001	-197,453	-193,662	65,182	112,815	129,258	114,404	119,733	86,162	77,339	95,408	9,348	-7,975	-10,846	-8,860	22,848	37,212	45,395	23,840	0	0	0
Equity-based compensation expense
39,225	42,269	46,711	46,428	42,749	42,172	42,003	43,086	43,724	42,337	35,295	32,344	29,745	25,561	25,135	25,919	26,368	30,367	30,798	29,974	30,637	29,598	31,264	32,429	33,381	35,775	39,043	38,904	38,298	39,203	36,689	38,754	34,556	26,825	19,219	11,620	10,345	11,498	0	0	0
Change in fair value - derivative instruments
99,438	36,888	8,628	-17,746	-7,490	31,515	9,345	16,475	16,935	4,265	-2,237	-412	20,770	12,155	-8,345	-14,520	-39,491	-38,525	-52,728	-28,023	-35,437	-22,668	-80,731	-110,863	-96,384	-53,185	81,103	119,816	118,202	52,335	4,751	-3,440	-11,336	-306	5,920	-7,155	-1,092	-1,464	0	0	0
(Increase) decrease in current assets:
Accounts receivable
-466,204	150,437	-55,764	-84,637	142,472	-35,793	135,100	230,921	251,963	115,322	200,248	4,495	48,485	127,221	-126,412	-145,858	-95,939	-238,392	49,385	63,214	63,237	108,876	-187,764	-110,308	-109,004	-68,832	152,555	298,176	68,674	71,627	151,854	-515,282	-417,696	-373,591	-495,424	-5,734	-95,170	-43,437	0	0	0
Inventories
146,034	91,599	-122,998	-108,588	-291,969	-136,551	239,975	80,079	299,743	162,297	-96,596	78,363	23,150	1,869	3,042	5,425	-47,560	33,717	-61,538	-58,982	-83,202	78,842	13,086	-64,297	100,806	15,929	62,723	240,624	125,645	205,013	232,084	157,095	214,275	56,828	181,927	74,154	52,434	96,854	0	0	0
Income taxes receivable
31,892	32,368	6,336	43,595	14,651	-7,752	-10,022	-8,170	-90,310	-50,601	-42,683	-48,571	54,156	68,371	42,683	41,648	32,813	-11,719	-29,468	-7,104	-9,011	-94,237	-41,399	-43,556	-25,473	34,419	33,739	-31,217	-55,744	-19,056	33,963	87,063	85,021	36,394	-24,241	2,028	-26,178	14,990	0	0	0
Prepayments and other
3,831	3,633	42,139	30,413	11,586	10,340	-12,604	-8,572	9,707	6,753	6,949	1,803	-3,626	-16,555	-39,839	-11,686	-46,080	-13,291	31,545	-9,006	30,727	-1,486	-7,113	5,492	-7,521	-1,377	7,073	17,254	3,669	9,366	5,302	-16,802	23,023	14,214	-8,451	-4,109	-37,767	-369	0	0	0
Current assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Increase (decrease) in current liabilities:
Accounts payable
-286,230	312,794	32,667	-94,562	-75,293	-326,030	239,825	250,895	86,296	188,975	274,364	457,247	372,748	247,603	-724,399	-676,926	-574,579	-406,339	-124,164	-464,566	-312,536	-217,541	-186,936	93,035	303,866	2,068	201,128	441,392	-359,250	-194,051	56,071	-831,125	-218,452	-251,428	-402,513	196,176	-18,760	70,279	0	0	0
Income taxes payable
-75,659	-9,048	-90,750	-80,277	6,573	-15,281	34,141	69,007	51,938	18,525	76,945	38,624	18,985	8,142	-16,536	15,431	-91,429	11,500	39,536	7,569	112,016	19,642	0	0	0	-	-	-	-809	-40,366	156	170,988	183,937	72,091	0	0	0	-	-	-	-
Accrued liabilities
-12,840	13,748	23,732	56,123	61,783	53,281	57,637	52,247	50,524	57,227	60,533	37,378	49,304	16,142	19,100	9,806	4,654	-6,924	-5,777	-10,643	1,928	8,047	-6,014	-12,776	-28,323	-41,229	-41,573	-12,569	-3,339	-39,851	25,302	8,885	-46	60,467	33,442	33,685	28,979	22,414	0	0	0
Turnaround expenditures
278,471	318,415	255,066	251,117	238,992	217,228	138,184	125,452	143,960	135,104	132,543	138,881	136,237	125,254	137,684	123,658	97,259	89,365	184,944	144,627	121,611	96,803	-8,784	24,401	128,377	193,920	255,563	272,523	207,780	159,707	78,650	59,194	36,861	32,023	51,498	46,067	44,633	34,966	0	0	0
Other, net
63,072	18,601	-29,833	-11,662	-19,400	-18,855	-18,673	-26,192	-32,283	-22,118	7,922	5,837	8,844	-5,881	19,724	27,036	18,553	24,231	-14,574	-14,235	1,239	-13,159	9,264	-3,059	-30,809	-21,878	-91,213	-78,670	-29,051	-49,660	21,347	21,658	-7,802	8,891	-14,936	-18,217	-11,883	-5,702	0	0	0
Net cash provided by (used for) operating activities
1,521,893	1,548,611	1,835,923	1,795,821	1,437,448	1,554,416	1,295,874	1,206,137	1,324,558	951,390	948,087	770,020	560,928	606,948	526,801	726,254	745,612	985,868	856,004	607,057	610,559	758,596	872,944	1,139,138	1,015,540	869,174	1,293,062	1,684,699	1,657,345	1,662,687	1,420,976	1,309,898	1,461,754	1,338,391	1,136,490	702,905	503,821	283,255	0	0	0
Cash flows from investing activities:
Additions to properties, plants and equipment
275,441	263,651	260,150	241,698	252,978	256,888	232,974	228,830	232,884	227,449	243,275	274,061	316,298	372,195	383,811	450,624	469,531	483,034	449,244	407,218	383,350	366,135	420,900	420,559	405,240	368,514	367,189	339,875	310,152	290,334	237,833	129,022	142,596	158,026	82,265	165,084	137,098	103,722	0	0	0
Purchase of business, net of cash acquired
-720	662,665	716,844	716,844	717,564	54,179	0	0	0	-	-	870,627	840,432	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in equity company - HEP
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,708	19,264	0	0	0	-	-	-	-	7,802	5,802	5,802	2,290	0	0	0	0	-	-	-	-	-	-	-	-
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	41,565	433,106	501,399	584,115	546,632	261,445	350,128	394,604	509,338	666,362	773,530	900,388	1,025,602	1,025,035	1,034,438	1,001,291	935,512	1,107,938	904,277	743,230	671,552	428,172	570,546	569,535	561,899	0	0	0	-	-	-	-
Investment in Sabine Biofuels
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,000	2,000	10,325	9,125	0	0	0	-	-	-	-
Net repayment of advances to Sabine Biofuels
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Sales and maturities of marketable securities
-	-	-	-	-	-	-	-	-	465,716	544,961	582,720	584,115	266,603	536,620	661,802	809,193	839,513	902,929	1,060,153	1,201,295	1,276,447	1,063,611	990,985	956,539	846,143	731,796	544,477	340,511	297,711	318,850	384,866	369,575	301,020	0	0	0	-	-	-	-
Equity Company Distributions in Excess of Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
811	1,206	-1,453	-986	-1,475	1,588	4,836	3,516	3,570	3,134	0	0	0	-	-	-	-	-	-	-	-	5,021	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Investing Activities
-332,283	-972,914	-958,117	-996,751	-1,021,164	-360,520	-581,541	-525,239	-552,735	-959,670	-1,041,739	-1,112,770	-1,269,420	-801,597	-353,462	-417,705	-274,844	-381,748	-469,906	-331,477	-291,370	-292,322	-442,463	-539,866	-535,139	-526,735	-809,596	-747,744	-747,069	-711,104	-418,296	339,103	300,864	228,494	327,861	-391,764	-323,184	-213,232	0	0	0
Cash flows from financing activities:
Borrowings under credit agreement
373,500	365,500	350,500	206,500	214,000	337,000	597,000	795,500	816,000	995,000	897,500	820,000	438,000	869,000	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	310,000	0	0	0
Repayments under credit agreement
305,000	323,000	336,000	165,000	167,500	426,000	426,000	738,500	767,500	536,000	527,500	763,000	356,000	1,028,000	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	310,000	0	0	0
Proceeds from issuance of senior notes - HEP
0	-	-	-	0	-	-	-	-	-	-	-	-	992,550	246,690	246,690	246,690	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of senior notes - HEP
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Other Long-term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	350,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from issuance of common units - HEP
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common units - HEP
-	-	-	-	-	114,759	114,712	114,307	129,076	52,110	155,364	164,814	163,433	125,870	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Inventory repurchase obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of HEP common units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73,444	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from common unit offerings HEP
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73,444	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Purchase of treasury stock
456,320	533,083	657,703	576,690	415,615	363,437	193,636	69,669	41,573	15,926	4,677	4,677	4,677	138,107	394,487	556,121	821,188	742,823	507,463	458,844	199,924	158,847	173,226	85,726	232,401	225,023	204,240	179,261	153,678	209,600	194,147	235,562	103,276	42,795	39,015	-2,936	2,364	1,368	0	0	0
Contribution from joint venture partner
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	23,000	30,500	33,500	41,500	35,000	30,750	23,500	0	0	0
Dividends
225,569	225,170	225,631	229,552	231,537	233,544	234,910	235,254	235,372	235,508	235,329	234,963	234,394	234,004	234,730	238,511	243,175	246,908	348,803	449,301	550,918	647,197	646,275	704,141	702,371	645,920	760,886	672,994	634,229	658,085	505,366	486,107	370,168	252,133	137,356	31,951	31,926	31,868	0	0	0
Contribution from Joint Venture Partner
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from equity-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,040	4,305	5,303	6,974	2,562	10,079	19,636	20,313	23,361	16,426	6,068	5,335	1,804	1,618	717	212	-1,094	0	0	0
Payments of Ordinary Dividends, Noncontrolling Interest
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,015	48,493	0	0	0
Shares withheld for tax withholding obligations
1,553	1,551	1,158	783	408	0	-290	-274	-274	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	11,724	3,755	6,109	3,121	0	0	0
Issuance of common stock upon exercise of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from (Payments for) Other Financing Activities
1,665	1,893	56	-170	373	0	1,368	9,953	9,581	13,955	37,756	21,401	18,263	10,507	1,552	7,938	10,043	12,175	9,562	6,726	7,407	7,998	-14,095	-11,391	-12,000	-8,368	9,696	7,591	8,059	4,574	-17,152	-13,825	-13,790	-13,555	0	0	0	-	-	-	-
Net cash used for financing activities
-769,584	-848,255	-970,249	-864,477	-698,745	-664,328	-265,594	-158,879	-119,978	-72,630	355,575	350,762	727,287	838,695	-46,749	-89,918	-953,839	-1,105,572	-1,002,393	-1,160,523	-799,732	-838,392	-868,939	-830,390	-1,278,208	-1,160,035	-1,246,390	-959,733	-697,384	-772,788	-528,131	-703,492	-327,182	-217,082	-153,412	-24,664	-49,812	34,482	0	0	0
Effect of exchange rate on cash flow
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate on cash flow
-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents:
Increase (decrease) for the period
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) for the period
-	-	-	-	-	523,995	444,935	519,546	651,955	-79,822	264,421	8,336	18,491	644,046	126,590	218,631	-483,071	-501,452	-616,295	-884,943	-480,543	-372,118	-438,458	-231,118	-797,807	-817,596	-762,924	-22,778	212,892	178,795	474,549	945,509	1,435,436	1,349,803	1,310,939	286,477	130,825	104,505	0	0	0
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Interest
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period for:
Interest
-	-	-	-	-	-	-	124,881	114,557	124,375	98,783	95,067	65,924	54,074	45,505	44,042	47,181	46,442	50,652	50,626	49,769	55,716	54,497	60,783	76,291	76,647	92,347	99,347	98,112	101,709	105,097	93,147	90,303	78,483	68,193	69,489	91,155	66,674	0	0	0
Income taxes, net
177,482	178,967	303,356	342,670	252,473	252,644	256,749	222,181	93,616	93,272	-34,278	-61,538	23,583	40,236	125,488	297,756	566,628	586,447	499,935	429,882	276,659	237,907	258,746	154,889	355,699	372,846	697,892	1,017,863	973,992	983,618	949,302	764,406	579,485	552,487	0	0	0	-	-	-	-
HEP
Depreciation and amortization
96,854	96,706	96,567	96,813	97,181	98,492	95,262	89,496	84,428	77,660	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lower of cost or market inventory valuation adjustment
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to properties, plants and equipment
38,336	30,112	36,858	40,323	52,247	54,141	55,246	55,856	49,157	44,810	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Noncontrolling Interests
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Ordinary Dividends, Noncontrolling Interest
-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-