HollyFrontier 2013 Annual Report Download - page 108

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100
NOTE 22: Significant Customers
All revenues are domestic revenues, except for refining segment sales of gasoline and diesel fuel for export into Mexico. We have
two significant customers (Sinclair and Shell Oil), each of which has historically accounted for 10% or more of our annual revenues.
Sinclair accounted for $2,134.3 million (11%), $2,106.6 million (10%) and $2,035.1 million (13%) of our revenues for the years
ended December 31, 2013, 2012 and 2011, respectively, and Shell Oil accounted for $1,830.5 million (9%), $2,323.6 million
(12%) and $1,540.6 million (10%) for the years ended December 31, 2013, 2012 and 2011, respectively. Our export sales were
to an affiliate of PEMEX and accounted for $310.0 million (2%), $429.4 million (2%) and $370.0 million (2%) of our revenues
for the years ended December 31, 2013, 2012 and 2011, respectively.
NOTE 23: Quarterly Information (Unaudited)
First
Quarter Second
Quarter Third
Quarter Fourth
Quarter Year
(In thousands, except per share data)
Year Ended December 31, 2013
Sales and other revenues $ 4,707,789 $ 5,298,848 $ 5,327,122 $ 4,826,801 $ 20,160,560
Operating costs and expenses $ 4,158,594 $ 4,838,842 $ 5,177,372 $ 4,739,678 $ 18,914,486
Income from operations $ 549,195 $ 460,006 $ 149,750 $ 87,123 $ 1,246,074
Income before income taxes $ 529,465 $ 417,792 $ 137,437 $ 74,705 $ 1,159,399
Net income attributable to
HollyFrontier stockholders $ 333,669 $ 256,981 $ 82,290 $ 62,902 $ 735,842
Net income per share attributable to
HollyFrontier stockholders - basic $ 1.64 $ 1.27 $ 0.41 $ 0.32 $ 3.66
Net income per share attributable to
HollyFrontier stockholders - diluted $ 1.63 $ 1.27 $ 0.41 $ 0.31 $ 3.64
Dividends per common share $ 0.80 $ 0.80 $ 0.80 $ 0.80 $ 3.20
Average number of shares of common
stock outstanding:
Basic 202,726 201,543 199,098 198,371 200,419
Diluted 203,428 201,905 199,509 199,311 201,234
Year Ended December 31, 2012
Sales and other revenues $ 4,931,738 $ 4,806,681 $ 5,204,798 $ 5,147,507 $ 20,090,724
Operating costs and expenses $ 4,512,174 $ 3,993,544 $ 4,226,494 $ 4,474,366 $ 17,206,578
Income from operations $ 419,564 $ 813,137 $ 978,304 $ 673,141 $ 2,884,146
Income before income taxes $ 387,426 $ 788,088 $ 960,272 $ 652,209 $ 2,787,995
Net income attributable to
HollyFrontier stockholders $ 241,696 $ 493,499 $ 600,373 $ 391,604 $ 1,727,172
Net income per share attributable to
HollyFrontier stockholders - basic $ 1.16 $ 2.40 $ 2.95 $ 1.92 $ 8.41
Net income per share attributable to
HollyFrontier stockholders - diluted $ 1.16 $ 2.39 $ 2.94 $ 1.92 $ 8.38
Dividends per common share $ 0.60 $ 0.65 $ 1.15 $ 0.70 $ 3.10
Average number of shares of common
stock outstanding:
Basic 207,681 204,787 202,655 202,480 204,379
Diluted 208,288 205,541 203,532 203,498 205,274
Table of Contents HOLLYFRONTIER CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Continued