v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (HEP:$15,551 and $14,381, respectively) $ 1,447,359 $ 234,444
Accounts receivable: Product, transportation and other (HEP: $14,828 and $12,745, respectively) 1,742,907 1,130,485
Crude oil resales 63,039 111,403
Accounts receivable, total 1,805,946 1,241,888
Inventories: Crude oil and refined products 3,077,652 1,879,131
Materials, supplies and other (HEP: $1,345 and $1,070, respectively) 359,500 242,997
Total inventory 3,437,152 2,122,128
Income taxes receivable 30,873 97,382
Prepayments and other (HEP: $2,759 and $5,381, respectively) 106,136 66,612
Total current assets 6,827,466 3,762,454
Properties, plants and equipment, at cost (HEP: $2,182,763 and $2,037,527, respectively) 10,061,476 8,448,207
Less accumulated depreciation (HEP: $(741,614) and $(682,143), respectively) (3,328,444) (3,033,353)
Properties, plants and equipment, net 6,733,032 5,414,854
Operating lease right-of-use assets (HEP: $67,235 and $69,134, respectively) 358,337 396,191
Other assets: Turnaround costs 361,652 397,385
Goodwill (HEP: $411,231 and $312,873, respectively) 2,968,711 2,293,044
Intangibles and other (HEP: $358,895 and $214,436, respectively) 977,087 652,685
Other assets, total 4,307,450 3,343,114
Total assets 18,226,285 12,916,613
Current liabilities:    
Accounts payable (HEP: $26,977 and $28,954, respectively) 2,415,332 1,613,484
Income taxes payable 183,433 25,156
Operating lease liabilities (HEP: $4,165 and $3,710, respectively) 110,165 110,606
Accrued liabilities (HEP: $32,011 and $18,479, respectively) 533,361 316,218
Total current liabilities 3,242,291 2,065,464
Long-term debt (HEP: $1,593,797 and $1,333,049, respectively) 3,334,200 3,072,737
Noncurrent operating lease liabilities (HEP: $63,528 and $65,799, respectively) 263,447 308,747
Deferred income taxes (HEP: $386 and $396, respectively) 1,228,855 837,401
Other long-term liabilities (HEP: $51,151 and $43,033, respectively) 378,967 337,799
HF Sinclair stockholders’ equity:    
Preferred stock, $1.00 par value – 5,000,000 shares authorized; none issued 0 0
Common stock $.01 par value – 320,000,000 shares authorized; 223,231,546 and 256,046,051 shares issued as of September 30, 2022 and December 31, 2021, respectively 2,232 2,560
Additional capital 6,498,093 4,220,075
Retained earnings 3,623,721 4,413,836
Accumulated other comprehensive income (loss) (36,348) 2,671
Common stock held in treasury, at cost – 21,555,009 and 93,044,605 shares as of September 30, 2022 and December 31, 2021, respectively (1,072,417) (2,951,257)
Total HF Sinclair stockholders’ equity 9,015,281 5,687,885
Noncontrolling interest 763,244 606,580
Total equity 9,778,525 6,294,465
Total liabilities and equity $ 18,226,285 $ 12,916,613