HollyFrontier 2015 Annual Report Download - page 59

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Table of Content
51
Reconciliation of average cost of products per produced barrel sold to cost of products sold (exclusive of lower of cost or
market inventory valuation adjustment)
Years Ended December 31,
2015 2014 2013
(Dollars in thousands, except per barrel amounts)
Consolidated
Average cost of products per produced barrel sold $ 55.25 $ 96.21 $ 99.61
Times sales of produced refined products (BPD) 438,000 420,990 410,730
Times number of days in period 365 365 365
Cost of products for produced products sold $ 8,832,818 $ 14,783,758 $ 14,933,178
Total cost of products for produced products sold $ 8,832,818 $ 14,783,758 $ 14,933,178
Add refined product costs from purchased products and rounding (1) 1,245,451 1,572,944 1,553,476
Total cost of refined products sold 10,078,269 16,356,702 16,486,654
Add crude oil cost of direct sales of excess crude oil (2) 348,362 1,030,235 1,048,224
Add other refining segment cost of products sold (4) 98,979 113,664 106,241
Total refining segment cost of products sold 10,525,610 17,500,601 17,641,119
Subtract consolidations and eliminations (286,392) (272,216) (248,892)
Costs of products sold (exclusive of lower of cost or market inventory
valuation adjustment and depreciation and amortization) $ 10,239,218 $ 17,228,385 $ 17,392,227
Reconciliation of average refinery operating expenses per produced barrel sold to total operating expenses
Years Ended December 31,
2015 2014 2013
(Dollars in thousands, except per barrel amounts)
Consolidated
Average refinery operating expenses per produced barrel sold $ 5.71 $ 6.38 $ 6.15
Times sales of produced refined products (BPD) 438,000 420,990 410,730
Times number of days in period 365 365 365
Refinery operating expenses for produced products sold $ 912,858 $ 980,359 $ 921,986
Total refinery operating expenses for produced products sold $ 912,858 $ 980,359 $ 921,986
Add refining segment pension settlement costs — — 31,657
Add other refining segment operating expenses and rounding (5) 44,062 42,810 39,812
Total refining segment operating expenses 956,920 1,023,169 993,455
Add HEP segment operating expenses 103,305 104,801 97,081
Add corporate and other costs 3,433 18,402 1,739
Subtract consolidations and eliminations (3,285) (1,432) (1,425)
Operating expenses (exclusive of depreciation and amortization) $ 1,060,373 $ 1,144,940 $ 1,090,850