HollyFrontier 2015 Annual Report Download - page 102

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Table of Contents HOLLYFRONTIER CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Continued
94
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2015
HollyFrontier
Corp. Before
Consolidation
of HEP HEP Segment Consolidations and
Eliminations Consolidated
(In thousands)
Cash flows from operating activities $ 836,858 $ 233,188 $ (90,420) $ 979,626
Cash flow from investing activities
Additions to properties, plants and equipment (581,639) — — (581,639)
Additions to properties, plants and equipment – HEP — (94,516) — (94,516)
Purchase of equity method investment — (55,032) — (55,032)
Proceeds from sale of assets 17,985 1,279 — 19,264
Purchases of marketable securities (509,338) — — (509,338)
Sales and maturities of marketable securities 839,513 — — 839,513
(233,479) (148,269) — (381,748)
Cash flows from financing activities
Net borrowings under credit agreement – HEP — 141,000 — 141,000
Redemption of senior notes - HFC (155,156) — — (155,156)
Purchase of treasury stock (742,823) — — (742,823)
Dividends (246,908) — — (246,908)
Distributions to noncontrolling interest — (173,688) 90,420 (83,268)
Distribution from HEP 62,000 (62,000) — —
Contribution from general partner (27,623) 27,623 — —
Other, net (6,504) (5,671) — (12,175)
(1,117,014) (72,736) 90,420 (1,099,330)
Cash and cash equivalents
Increase (decrease) for the period (513,635) 12,183 — (501,452)
Beginning of period 565,155 2,830 — 567,985
End of period $ 51,520 $ 15,013 $ — $ 66,533