HOLLYFRONTIER CORP HFC Income Statement

Hollyfrontier corp (HFC)

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue from Contract with Customer, Excluding Assessed Tax
3,400	4,381	4,424	4,782	3,897	4,344	4,770	4,471	4,128	3,992	3,719	3,458	3,080	2,955	2,847	2,714	2,018	2,943	3,585	3,701	3,006	4,283	5,317	5,372	4,791	4,826	5,327	5,298	4,707	5,147	5,204	4,806	4,931	4,972	5,173	2,967	2,326	2,211	2,090	2,145	1,874	1,488	1,035
Operating costs and expenses:
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment)
2,693	3,610	3,403	3,704	3,199	3,245	3,752	3,595	3,347	3,184	2,888	2,753	2,641	2,550	2,341	2,248	1,625	2,446	2,653	2,887	2,251	3,789	4,625	4,674	4,138	4,332	4,809	4,456	3,792	4,073	3,898	3,681	4,186	4,258	3,989	2,447	1,984	1,988	1,807	1,848	1,723	1,295	879
Lower of cost or market inventory valuation adjustment
560	-	34	47	-232	-	17	-106	-103	-	-111	83	11	-	0	-138	-56	-	225	-135	-6	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs of products sold, net
3,254	3,641	3,437	3,752	2,966	3,574	3,770	3,488	3,243	3,091	2,777	2,837	2,652	2,453	2,342	2,109	1,569	2,590	2,879	2,751	2,244	4,186	4,625	4,674	4,138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Costs and Expenses
328	383	345	333	331	352	317	296	320	350	322	316	307	261	256	251	252	285	265	246	263	318	280	271	273	291	256	277	265	296	233	222	241	246	227	139	134	125	130	120	127	96	78
Selling, General and Administrative Expense
87	93	87	85	88	85	71	68	64	80	68	59	57	37	32	29	25	34	30	26	29	32	27	28	26	35	28	34	29	39	28	32	27	41	43	18	16	20	16	15	17	16	15
Depreciation and amortization
140	134	127	126	121	113	108	110	104	105	102	105	96	93	91	90	87	90	87	87	80	100	80	101	80	79	82	70	71	64	65	56	56	53	43	31	31	31	29	28	27	24	25
Goodwill, Impairment Loss
-	-	0	152	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and Intangible Asset Impairment
-	-	-	-	-	-	-	-	-	-	0	19	-	-	0	654	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs and expenses
3,810	4,252	3,998	4,450	3,507	4,126	4,267	3,964	3,732	3,627	3,270	3,338	3,114	2,845	2,722	3,135	1,935	3,000	3,263	3,112	2,618	4,637	5,014	5,076	4,520	4,739	5,177	4,838	4,158	4,474	4,226	3,993	4,512	4,599	4,304	2,636	2,167	2,165	1,983	2,013	1,897	1,432	998
Operating Income (Loss)
-410	129	426	331	389	217	503	506	395	364	448	120	-33	109	124	-420	83	-56	322	589	388	-354	302	296	270	87	149	460	549	673	978	813	419	373	869	330	159	45	107	132	-22	55	37
Other income (expense):
Earnings of equity method investments
1	-0	1	1	2	1	1	1	1	1	5	4	1	4	3	3	2	2	1	0	-7	0	-1	-0	-0	-1	0	-1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest income
4	5	6	4	6	6	5	2	2	1	1	0	0	1	0	0	0	0	0	0	0	0	1	1	1	1	1	0	1	1	2	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense
22	36	36	34	36	33	32	32	32	32	28	29	27	26	19	14	12	11	11	10	10	10	11	10	12	12	13	19	21	22	21	26	33	21	25	15	16	18	17	21	17	12	7
Gain (Loss) on Extinguishment of Debt
-25	-	-	-	0	-	-	-	-	-24	0	0	12	-17	0	0	8	-2	0	1	0	0	0	0	-7	0	0	-22	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Gain on foreign currency swap contracts
-	-	-	-	-	-	-	-	-	-	0	0	24	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on foreign currency transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on foreign currency transactions
-4	-4	0	2	2	-5	0	-0	5	5	19	10	-9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
1	2	2	0	0	-0	0	1	1	1	1	0	1	1	0	0	0	0	7	0	0	1	-0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of marketable equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-
Merger transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-9	-2	-3	-	-	-	-	-	-
Acquisition costs - Tulsa refineries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1
Other income (expense) total
-45	-28	-25	-25	-25	-25	-25	-26	-21	6	-2	-14	-21	-26	-14	-9	-17	-7	-1	-9	-16	-6	-11	-9	-19	-12	-12	-42	-19	-20	-18	-25	-32	-20	-33	-16	-19	-16	-16	-19	-17	-11	-8
Income before income taxes
-455	100	401	306	363	191	478	480	373	371	446	106	-54	83	109	-430	65	-64	320	580	372	-361	290	286	251	74	137	417	529	652	960	788	387	352	835	313	140	29	90	112	-39	43	29
Income tax expense (benefit):
Current
-11	43	58	63	55	53	70	88	57	44	72	32	-24	-46	10	-18	-24	42	215	155	139	40	91	109	93	-62	-10	143	206	179	324	285	142	129	296	115	49	-13	9	34	5	6	-6
Deferred Income Tax Expense (Benefit)
-150	-24	44	25	32	-25	45	29	27	-230	86	-0	7	59	12	-20	46	-82	-105	51	-9	-191	11	-7	-5	67	58	8	-20	72	25	-0	-2	-13	8	-3	-0	18	22	5	-22	7	16
Income Tax Expense (Benefit)
-162	19	103	89	87	28	116	117	85	-185	158	31	-16	12	22	-38	22	-40	110	206	129	-150	103	101	87	4	48	152	186	252	349	285	140	116	304	111	49	4	31	39	-16	13	9
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	19
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-293	81	297	216	276	163	362	362	288	557	287	74	-37	70	87	-392	43	-23	210	373	242	-210	187	185	163	69	88	265	343	399	610	502	247	235	531	201	91	24	59	72	-23	31	21
Less net income attributable to noncontrolling interest
11	20	36	19	23	21	19	17	20	36	15	16	7	17	13	16	22	19	14	12	15	11	12	8	11	6	6	8	9	8	10	8	5	12	7	9	6	9	8	6	4	7	6
Net Income (Loss) Attributable to Parent
-304	60	261	196	253	141	342	345	268	521	272	57	-45	53	74	-409	21	-43	196	360	226	-222	175	176	152	62	82	256	333	391	600	493	241	223	523	192	84	14	51	66	-28	23	14
Earnings Per Share [Abstract]
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	14
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income
-304	60	261	196	253	141	342	345	268	521	272	57	-45	-	74	-409	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	14
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46	0.28
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.01
Earnings Per Share, Basic
-1.88	0.40	1.60	1.16	1.48	0.83	1.95	1.96	1.51	2.94	1.53	0.33	-0.26	0.31	0.42	-2.33	0.12	-0.18	1.05	1.88	1.16	-1.11	0.88	0.89	0.76	0.34	0.41	1.27	1.64	1.90	2.95	2.40	1.16	1.37	2.50	1.80	0.79	-0.21	0.48	1.24	-0.53	0.47	0.29
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46	0.28
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.01
Earnings Per Share, Diluted
-1.88	0.41	1.58	1.15	1.47	0.82	1.93	1.94	1.50	2.92	1.53	0.33	-0.26	0.31	0.42	-2.33	0.12	-0.18	1.04	1.88	1.16	-1.11	0.88	0.89	0.76	0.33	0.41	1.27	1.63	1.89	2.94	2.39	1.16	1.36	2.48	1.79	0.79	-0.22	0.48	1.24	-0.53	0.47	0.29
Cash dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.33	0.33	0.33	-	0.33	0.33	0.33	-	0.33	0.33	0.32	-	0.82	0.82	0.80	-	0.80	0.80	0.80	-	1.15	0.65	0.60	-	0.59	0.07	0.07	-	0.08	0.15	0.15	0.15	0.15
Average number of common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
161	161	163	169	170	172	175	175	176	176	176	176	176	175	175	175	176	181	187	191	195	195	197	198	198	198	199	201	202	200	202	205	208	208	209	106	106	213	106	53	53	50	50
Weighted Average Number of Shares Outstanding, Diluted
161	161	165	170	172	174	176	177	177	179	176	176	176	175	175	175	176	181	187	191	195	194	197	198	198	200	199	201	203	201	203	206	209	209	210	107	107	215	107	53	53	50	50