HollyFrontier 2015 Annual Report Download - page 103

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Table of Contents HOLLYFRONTIER CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Continued
95
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2014
HollyFrontier
Corp. Before
Consolidation
of HEP HEP Segment Consolidations and
Eliminations Consolidated
(In thousands)
Cash flows from operating activities $ 652,186 $ 186,903 $ (80,493) $ 758,596
Cash flows from investing activities:
Additions to properties, plants and equipment (455,128) — — (455,128)
Additions to properties, plants and equipment – HEP — (109,693) — (109,693)
Proceeds from sale of assets 16,633 — — 16,633
Purchases of marketable securities (1,025,602) — — (1,025,602)
Sales and maturities of marketable securities 1,276,447 — — 1,276,447
Other, net 5,021 — — 5,021
(182,629) (109,693) — (292,322)
Cash flows from financing activities:
Net borrowings under credit agreement – HEP — 208,000 — 208,000
Redemption of senior notes - HEP — (156,188) — (156,188)
Purchase of treasury stock (158,847) — — (158,847)
Dividends (647,197) — — (647,197)
Distributions to noncontrolling interest — (158,695) 80,493 (78,202)
Contribution from general partner (29,734) 29,734 — —
Excess tax benefit from equity-based compensation 2,040 — — 2,040
Other, net (4,415) (3,583) — (7,998)
(838,153) (80,732) 80,493 (838,392)
Cash and cash equivalents
Increase (decrease) for the period: (368,596) (3,522) — (372,118)
Beginning of period 933,751 6,352 — 940,103
End of period $ 565,155 $ 2,830 $ — $ 567,985