HollyFrontier 2014 Annual Report Download - page 41

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Table of Content
33
Item 6. Selected Financial Data
The following table shows our selected financial information as of the dates or for the periods indicated. This table should be read
in conjunction with Item 7, “Management's Discussion and Analysis of Financial Condition and Results of Operations” and our
consolidated financial statements and related notes thereto included elsewhere in this Annual Report on Form 10-K.
Years Ended December 31,
2014 2013 2012 2011 2010
(In thousands, except per share data)
FINANCIAL DATA (1)
For the period
Sales and other revenues $ 19,764,327 $ 20,160,560 $ 20,090,724 $ 15,439,528 $ 8,322,929
Income before income taxes (2) 467,500 1,159,399 2,787,995 1,641,695 192,363
Income tax provision 141,172 391,576 1,027,962 581,991 59,312
Net income 326,328 767,823 1,760,033 1,059,704 133,051
Less net income attributable to noncontrolling interest 45,036 31,981 32,861 36,307 29,087
Net income attributable to HollyFrontier stockholders $ 281,292 $ 735,842 $ 1,727,172 $ 1,023,397 $ 103,964
Earnings per share attributable to HollyFrontier
stockholders - basic $ 1.42 $ 3.66 $ 8.41 $ 6.46 $ 0.98
Earnings per share attributable to HollyFrontier
stockholders - diluted $ 1.42 $ 3.64 $ 8.38 $ 6.42 $ 0.97
Cash dividends declared per common share $ 3.26 $ 3.20 $ 3.10 $ 1.34 $ 0.30
Average number of common shares outstanding:
Basic 197,243 200,419 204,379 157,948 106,436
Diluted 197,428 201,234 205,274 158,756 107,218
Net cash provided by operating activities $ 758,596 $ 869,174 $ 1,662,687 $ 1,338,391 $ 283,255
Net cash provided by (used for) investing activities $ (292,322) $ (526,735) $ (711,104) $ 228,494 $ (213,232)
Net cash provided by (used for) financing activities $ (838,392) $ (1,160,035) $ (772,788) $ (217,082) $ 34,482
At end of period
Cash, cash equivalents and investments in marketable
securities $ 1,042,095 $ 1,665,263 $ 2,393,401 $ 1,840,610 $ 230,444
Working capital $ 1,531,595 $ 2,221,954 $ 2,815,821 $ 2,030,063 $ 313,580
Total assets $ 9,230,640 $ 10,056,739 $ 10,328,997 $ 9,576,243 $ 3,049,951
Total debt (3) $ 1,054,890 $ 997,519 $ 1,336,238 $ 1,214,742 $ 810,561
Total equity $ 6,100,719 $ 6,609,398 $ 6,642,658 $ 5,835,900 $ 1,288,139
(1) We merged with Frontier on July 1, 2011. Our consolidated financial and operating results reflect the operations of the merged Frontier
businesses beginning July 1, 2011. See “Company Overview” under Items 1 and 2, “Business and Properties” for information on our
merger.
(2) Reflects a non-cash lower of cost or market inventory valuation adjustment charge of $397.5 million for the year ended December 31,
2014.
(3) Includes total HEP debt of $867.6 million, $807.6 million, $864.7 million, $525.9 million and $482.3 million, respectively, which is
non-recourse to HollyFrontier.