HollyFrontier 2013 Annual Report Download - page 41

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33
Item 6. Selected Financial Data
The following table shows our selected financial information as of the dates or for the periods indicated. This table should be read
in conjunction with Item 7, “Management's Discussion and Analysis of Financial Condition and Results of Operations” and our
consolidated financial statements and related notes thereto included elsewhere in this Annual Report on Form 10-K.
Years Ended December 31,
2013 2012 2011 2010 2009
(In thousands, except per share data)
FINANCIAL DATA (1)
For the period
Sales and other revenues $ 20,160,560 $ 20,090,724 $ 15,439,528 $ 8,322,929 $ 4,834,268
Income from continuing operations before income taxes 1,159,399 2,787,995 1,641,695 192,363 43,803
Income tax provision 391,576 1,027,962 581,991 59,312 7,460
Income from continuing operations 767,823 1,760,033 1,059,704 133,051 36,343
Income from discontinued operations, net of taxes (2) — — — — 16,926
Net income 767,823 1,760,033 1,059,704 133,051 53,269
Less net income attributable to noncontrolling interest 31,981 32,861 36,307 29,087 33,736
Net income attributable to HollyFrontier stockholders $ 735,842 $ 1,727,172 $ 1,023,397 $ 103,964 $ 19,533
Earnings per share attributable to HollyFrontier
stockholders - basic $ 3.66 $ 8.41 $ 6.46 $ 0.98 $ 0.20
Earnings per share attributable to HollyFrontier
stockholders - diluted $ 3.64 $ 8.38 $ 6.42 $ 0.97 $ 0.20
Cash dividends declared per common share $ 3.20 $ 3.10 $ 1.34 $ 0.30 $ 0.30
Average number of common shares outstanding:
Basic 200,419 204,379 157,948 106,436 100,836
Diluted 201,234 205,274 158,756 107,218 101,206
Net cash provided by operating activities $ 869,174 $ 1,662,687 $ 1,338,391 $ 283,255 $ 211,545
Net cash provided by (used for) investing activities $ (526,735) $ (711,104) $ 228,494 $ (213,232) $ (534,603)
Net cash provided by (used for) financing activities $ (1,160,035) $ (772,788) $ (217,082) $ 34,482 $ 406,849
At end of period
Cash, cash equivalents and investments in marketable
securities $ 1,665,263 $ 2,393,401 $ 1,840,610 $ 230,444 $ 125,819
Working capital $ 2,221,954 $ 2,815,821 $ 2,030,063 $ 313,580 $ 257,899
Total assets $ 10,056,739 $ 10,328,997 $ 9,576,243 $ 3,049,951 $ 2,766,318
Total debt (3) $ 997,519 $ 1,336,238 $ 1,214,742 $ 810,561 $ 707,458
Total equity $ 6,609,398 $ 6,642,658 $ 5,835,900 $ 1,288,139 $ 1,207,781
(1) We merged with Frontier on July 1, 2011. Our consolidated financial and operating results reflect the operations of the merged Frontier
businesses beginning July 1, 2011. See “Company Overview” under Items 1 and 2, “Business and Properties” for information on our
merger.
(2) On December 1, 2009, HEP sold its 70% interest in Rio Grande. Results of operations of Rio Grande are presented in discontinued
operations.
(3) Includes total HEP debt of $807.6 million, $864.7 million, $525.9 million, $482.3 million and $379.2 million, respectively, which is
non-recourse to HollyFrontier.
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