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94
Condensed Consolidating Balance Sheet
December 31, 2012 Parent
Guarantor
Restricted
Subsidiaries
Non-
Guarantor
Restricted
Subsidiaries Eliminations
HollyFrontier
Corp. Before
Consolidation
of HEP
Non-Guarantor
Non-Restricted
Subsidiaries
(HEP Segment)
Consolidations
and
Eliminations Consolidated
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents $ 1,748,808 $ 3,652 $ 2 $ — $ 1,752,462 $ 5,237 $ — $ 1,757,699
Marketable securities 630,579 7 — — 630,586 — — 630,586
Accounts receivable, net 4,788 627,262 — — 632,050 38,097 (35,917) 634,230
Intercompany accounts receivable — 285,291 261,364 (546,655) — — — —
Inventories — 1,318,373 — — 1,318,373 1,259 — 1,319,632
Income taxes receivable 74,957 — — — 74,957 — — 74,957
Prepayments and other 21,867 34,667 — — 56,534 2,360 (5,733) 53,161
Total current assets 2,480,999 2,269,252 261,366 (546,655) 4,464,962 46,953 (41,650) 4,470,265
Properties, plants and equip, net 24,209 2,444,398 — — 2,468,607 1,014,556 (288,463) 3,194,700
Marketable securities (long-term) 5,116 — — — 5,116 — — 5,116
Investment in subsidiaries 5,251,396 74,120 — (5,325,516) — — — —
Intangibles and other assets 11,825 2,284,329 25,000 (25,000) 2,296,154 365,291 (2,529) 2,658,916
Total assets $ 7,773,545 $ 7,072,099 $ 286,366 $ (5,897,171) $ 9,234,839 $ 1,426,800 $ (332,642) $ 10,328,997
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 1,941 $ 1,336,097 $ — $ — $ 1,338,038 $ 12,030 $ (35,917) $ 1,314,151
Intercompany accounts payable 546,655 — — (546,655) — — — —
Accrued liabilities 71,226 105,298 581 — 177,105 23,705 (5,733) 195,077
Deferred income tax liabilities 145,225 — (9) — 145,216 — — 145,216
Total current liabilities 765,047 1,441,395 572 (546,655) 1,660,359 35,735 (41,650) 1,654,444
Long-term debt 460,254 36,311 — (25,000) 471,565 864,673 — 1,336,238
Liability to HEP — 257,777 — — 257,777 — (257,777) —
Deferred income tax liabilities 530,544 — 1,175 — 531,719 — 4,951 536,670
Other long-term liabilities 48,757 85,220 — — 133,977 28,683 (3,673) 158,987
Investment in HEP — — 210,499 — 210,499 — (210,499) —
Equity – HollyFrontier 5,968,943 5,251,396 74,120 (5,325,516) 5,968,943 382,207 (298,196) 6,052,954
Equity – noncontrolling interest — — — — — 115,502 474,202 589,704
Total liabilities and equity $ 7,773,545 $ 7,072,099 $ 286,366 $ (5,897,171) $ 9,234,839 $ 1,426,800 $ (332,642) $ 10,328,997
Table of Contents HOLLYFRONTIER CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Continued