Hollyfrontier corp (HFC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Revenue from Contract with Customer, Excluding Assessed Tax

17,486

17,714

14,251

10,535

13,237

19,764

20,160

20,090

15,439

8,322

4,834

5,860

Operating costs and expenses:
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment)

13,918

13,940

11,467

8,766

10,239

17,228

17,392

15,840

12,680

7,367

4,238

5,280

Inventory Write-down

-119

136

-108

-291

226

397

0

0

-

-

-

-

Costs of products sold, net

13,798

14,077

11,359

8,474

10,466

17,625

17,392

-

-

-

-

-

Operating Costs and Expenses

1,394

1,285

1,296

1,021

1,060

1,144

1,090

994

748

504

356

265

Selling, General and Administrative Expense

354

290

265

125

120

114

127

128

120

70

60

55

Depreciation and amortization

509

437

409

363

346

363

303

242

159

117

98

62

Goodwill and Intangible Asset Impairment

152

0

19

654

0

0

-

-

-

-

-

-

Total operating costs and expenses

16,209

16,090

13,350

10,638

11,993

19,248

18,914

17,206

13,707

8,059

4,753

5,664

Operating Income (Loss)

1,277

1,623

900

-102

1,244

515

1,246

2,884

1,731

262

80

195

Other income (expense):
Earnings of equity method investments

5

5

12

14

-3

-2

-2

2

2

2

1

-

Interest income

22

16

3

2

3

4

5

4

1

1

5

10

Interest Expense

143

131

117

72

43

43

68

104

78

74

40

23

Gain (Loss) on Extinguishment of Debt

0

0

-12

-8

-1

-7

-22

0

0

-

-

-

Gain on foreign currency transactions

5

6

16

0

0

-

-

-

-

-

-

-

Gain (loss) on foreign currency transactions

0

0

24

-6

0

-

-

-

-

-

-

-

Remeasurement gain on pipeline interest acquisition

-

-

-

-

0

-

-

-

-

-

-

-

Other, net

5

2

4

1

9

0

0

0

-

-

-

-

Gain on sale of marketable equity securities

-

-

-

-

-

-

-

-

0

0

-

-

Merger transaction costs

-

-

-

-

-

-

-

-

-15

0

-

-

Acquisition costs - Tulsa refineries

-

-

-

-

-

-

-

-

-

-

3

-

Impairment of equity securities

-

-

-

-

-

-

-

-

-

-

-

3

Gain on sale of Holly Petroleum, Inc.

-

-

-

-

-

-

-

-

-

-

-

5

Equity in earnings of Holly Energy Partners

-

-

-

-

-

-

-

-

-

-

-

2

Other income (expense) total

-105

-99

-31

-68

-35

-48

-86

-96

-89

-70

-36

-7

Income before income taxes

1,171

1,524

868

-171

1,208

467

1,159

2,787

1,641

192

-

187

Income tax expense (benefit):
Income from continuing operations before income taxes

-

-

-

-

-

-

-

-

-

-

43

-

Current

220

270

125

-79

552

334

277

932

590

35

-30

31

Deferred Income Tax Expense (Benefit)

78

76

-137

98

-146

-193

114

95

-8

23

37

32

Income Tax Expense (Benefit)

299

347

-12

19

406

141

391

1,027

581

59

7

64

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

36

123

Income from discontinued operations, net of taxes

-

-

-

-

-

-

-

-

-

-

4

2

Gain on sale of discontinued operations, net of taxes

-

-

-

-

-

-

-

-

-

-

12

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

16

2

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

872

1,177

881

-190

802

326

767

1,760

1,059

133

53

126

Less net income attributable to noncontrolling interest

99

79

75

69

62

45

31

32

36

29

33

6

Net Income (Loss) Attributable to Parent

772

1,097

805

-260

740

281

735

1,727

1,023

103

19

120

Earnings Per Share [Abstract]
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

15

119

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

4

1

Net income

772

1,097

805

-260

740

-

-

-

-

-

-

120

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

0.15

2.37

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

0.05

0.03

Earnings Per Share, Basic

4.64

6.25

4.54

-1.48

3.91

1.42

3.66

8.41

6.46

0.98

0.20

2.40

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

0.15

2.36

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

0.05

0.02

Earnings Per Share, Diluted

4.61

6.19

4.52

-1.48

3.90

1.42

3.64

8.38

6.42

0.97

0.20

2.38

Average number of common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic

166

175

176

176

188

197

200

204

157

106

100

50

Weighted Average Number of Shares Outstanding, Diluted

167

176

177

176

188

197

201

205

158

107

101

50