HollyFrontier 2014 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, 2013 Parent
Guarantor
Restricted
Subsidiaries
Non-
Guarantor
Restricted
Subsidiaries Eliminations
HollyFrontier
Corp. Before
Consolidation
of HEP
Non-Guarantor
Non-Restricted
Subsidiaries
(HEP Segment)
Consolidations
and
Eliminations Consolidated
(In thousands)
Cash flows from operating
activities (1) $ 448,297 $ 1,044,492 $ 70,977 $ (805,981) $ 757,785 $ 182,799 $ (71,410) $ 869,174
Cash flows from investing
activities:
Additions to properties, plants
and equipment (11,727) (361,520) (24) — (373,271) — — (373,271)
Additions to properties, plants
and equipment – HEP — — — — — (51,856) — (51,856)
Proceeds from sale of assets — 5,071 — — 5,071 2,731 — 7,802
Acquisition of trucking
operations — (11,301) — — (11,301) — — (11,301)
Purchases of marketable
securities (935,512) — — — (935,512) — — (935,512)
Sales and maturities of
marketable securities 846,135 8 — — 846,143 — — 846,143
Other, net — (8,740) — — (8,740) — — (8,740)
Net intercompany advances — 137,613 (69,442) (68,171) — — — —
(101,104) (238,869) (69,466) (68,171) (477,610) (49,125) — (526,735)
Cash flows from financing
activities:
Net borrowings under credit
agreement – HEP — — — — — (58,000) — (58,000)
Redemption of senior notes (300,973) — — — (300,973) — — (300,973)
Proceeds from common unit
offerings - HEP 73,444 — — — 73,444 73,444 — 146,888
Purchase of treasury stock (225,023) — — — (225,023) — — (225,023)
Contribution from general
partner — — (1,499) — (1,499) 1,499 — —
Dividends (645,920) — — — (645,920) — — (645,920)
Distributions to noncontrolling
interest — — — — — (142,611) 71,410 (71,201)
Excess tax benefit from equity-
based compensation 2,562 — — — 2,562 — — 2,562
Other, net — (1,477) — — (1,477) (6,891) — (8,368)
Net repayment of intercompany
advances (68,171) — — 68,171 — — — —
Distributions to Parent (1) — (805,981) — 805,981 — — — —
(1,164,081) (807,458) (1,499) 874,152 (1,098,886) (132,559) 71,410 (1,160,035)
Cash and cash equivalents
Increase (decrease) for the
period: (816,888) (1,835) 12 — (818,711) 1,115 — (817,596)
Beginning of period 1,748,808 3,652 2 — 1,752,462 5,237 — 1,757,699
End of period $ 931,920 $ 1,817 $ 14 $ — $ 933,751 $ 6,352 $ — $ 940,103