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Table of Contents HOLLYFRONTIER CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Continued
90
Condensed Consolidating Balance Sheet
December 31, 2014
HollyFrontier
Corp. Before
Consolidation
of HEP HEP Segment Consolidations and
Eliminations Consolidated
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents $ 565,155 $ 2,830 $ — $ 567,985
Marketable securities 474,110 — — 474,110
Accounts receivable, net 588,407 40,129 (38,631) 589,905
Inventories 1,033,191 1,940 — 1,035,131
Income tax receivable 11,719 — — 11,719
Prepayments and other 109,928 2,443 (8,223) 104,148
Total current assets 2,782,510 47,342 (46,854) 2,782,998
Properties, plants and equipment, net 2,867,941 1,062,430 (259,832) 3,670,539
Intangibles and other assets 2,418,926 362,326 (4,742) 2,776,510
Total assets $ 8,069,377 $ 1,472,098 $ (311,428) $ 9,230,047
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 1,125,146 $ 21,623 $ (38,631) $ 1,108,138
Income tax payable 19,642 — — 19,642
Accrued liabilities 88,116 26,321 (8,223) 106,214
Total current liabilities 1,232,904 47,944 (46,854) 1,233,994
Long-term debt 187,311 866,986 — 1,054,297
Liability to HEP 233,217 — (233,217) —
Deferred income tax liabilities 663,912 367 — 664,279
Other long-term liabilities 135,474 47,170 (5,886) 176,758
Investment in HEP 99,618 — (99,618) —
Equity – HollyFrontier 5,516,941 414,549 (407,906) 5,523,584
Equity – noncontrolling interest — 95,082 482,053 577,135
Total liabilities and equity $ 8,069,377 $ 1,472,098 $ (311,428) $ 9,230,047