HollyFrontier 2013 Annual Report Download - page 93
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85
NOTE 16: Other Comprehensive Income (Loss)
The components and allocated tax effects of other comprehensive income (loss) are as follows:
Before-Tax Tax Expense
(Benefit) After-Tax
(In thousands)
Year Ended December 31, 2013
Net unrealized gain on marketable securities $ 34 $ 17 $ 17
Net unrealized loss on hedging instruments (20,183) (8,669) (11,514)
Net change in pension and other post-retirement benefit obligations 37,593 14,534 23,059
Other comprehensive income 17,444 5,882 11,562
Less other comprehensive income attributable to noncontrolling interest 2,315 — 2,315
Other comprehensive income attributable to HollyFrontier stockholders $ 15,129 $ 5,882 $ 9,247
Year Ended December 31, 2012
Net unrealized loss on marketable securities $ (236) $ (95) $ (141)
Net unrealized loss on hedging instruments (191,039) (74,846) (116,193)
Net change in pension and other post-retirement benefit obligations 51,391 19,991 31,400
Other comprehensive loss (139,884) (54,950) (84,934)
Less other comprehensive income attributable to noncontrolling interest 1,364 — 1,364
Other comprehensive loss attributable to HollyFrontier stockholders $ (141,248) $ (54,950) $ (86,298)
Year Ended December 31, 2011
Net unrealized loss on marketable securities $ (516) $ (199) $ (317)
Net unrealized gain on hedging instruments 176,936 67,732 109,204
Net change in pension and other post-retirement benefit obligations (3,586) (1,395) (2,191)
Other comprehensive income 172,834 66,138 106,696
Less other comprehensive income attributable to noncontrolling interest 2,815 — 2,815
Other comprehensive income attributable to HollyFrontier stockholders $ 170,019 $ 66,138 $ 103,881
The temporary unrealized gain (loss) on marketable securities is due to changes in market prices.
Table of Contents HOLLYFRONTIER CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Continued