HollyFrontier 2013 Annual Report Download - page 94

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86
The following table presents the income statement line item effects for reclassifications out of accumulated other comprehensive
income (“AOCI”):
AOCI Component Gain (Loss) Reclassified From AOCI Income Statement Line Item
(In thousands)
Years Ended December 31,
2013 2012 2011
Marketable securities $ 39 $ 59 $ (14) Interest income
— 326 — Gain on sale of marketable equity securities
39 385 (14)
15 150 (5) Income tax expense (benefit)
24 235 (9) Net of tax
Hedging instruments:
Commodity price swaps (20,060) (98,750) — Sales and other revenues
38,949 43,575 — Cost of products sold
(3,379) — (166) Operating expenses
Interest rate swaps (2,941) (6,603) (5,518) Interest expense
12,569 (61,778) (5,684)
5,554 (22,590) (961) Income tax expense (benefit)
7,015 (39,188) (4,723) Net of tax
1,783 3,753 3,214 Noncontrolling interest
8,798 (35,435) (1,509) Net of tax and noncontrolling interest
Pension and other post-retirement
benefit obligations:
Pension obligation (3,226) (226) (155) Cost of products sold
(30,127) (1,486) (1,056) Operating expenses
(4,236) (244) (1,091) General and administrative expenses
(37,589) (1,956) (2,302)
(14,547) (761) (895) Income tax benefit
(23,042) (1,195) (1,407) Net of tax
Post-retirement healthcare
obligation 646 — (16) Cost of products sold
2,868 1,913 (125) Operating expenses
526 39 (17) General and administrative expenses
4,040 1,952 (158)
1,563 759 (61) Income tax expense (benefit)
2,477 1,193 (97) Net of tax
Retirement restoration plan (111) (63) (99) General and administrative expenses
(43) (25) (39) Income tax benefit
(68) (38) (60) Net of tax
Total reclassifications for the period $ (11,811) $ (35,240) $ (3,082)
Accumulated other comprehensive income (loss) in the equity section of our consolidated balance sheets includes:
December 31,
2013 2012
(In thousands)
Unrealized gain on post-retirement benefit obligations $ 27,691 $ 4,632
Unrealized gain (loss) on marketable securities 10 (7)
Unrealized loss on hedging instruments, net of noncontrolling interest (26,879) (13,050)
Accumulated other comprehensive income (loss) $ 822 $ (8,425)
Table of Contents HOLLYFRONTIER CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Continued