HollyFrontier 2014 Annual Report Download - page 65

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Table of Content
57
HOLLYFRONTIER CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands)
Years Ended December 31,
2014 2013 2012
Net income $ 326,328 $ 767,823 $ 1,760,033
Other comprehensive income (loss):
Securities available-for-sale:
Unrealized gain (loss) on marketable securities (153) 73 149
Reclassification adjustments to net income on sale or maturity of marketable
securities (4) (39) (385)
Net unrealized gain (loss) on marketable securities (157) 34 (236)
Hedging instruments:
Change in fair value of cash flow hedging instruments 105,414 (7,614) (252,817)
Reclassification adjustments to net income on settlement of cash flow hedging
instruments (50,682) (14,318) 56,683
Amortization of unrealized loss attributable to discontinued cash flow hedges 1,080 1,749 5,095
Net unrealized gain (loss) on hedging instruments 55,812 (20,183) (191,039)
Pension and other post-retirement benefit obligations:
Loss on pension plan — — (3,485)
Pension plan loss reclassified to net income — 37,589 1,956
Gain (loss) on post-retirement healthcare plan (7,434) 3,301 55,402
Post-retirement healthcare plan gain reclassified to net income (4,296) (4,040) (1,952)
Gain (loss) on retirement restoration plan (615) 632 (593)
Retirement restoration plan loss reclassified to net income 920 111 63
Net change in pension and other post-retirement benefit obligations (11,425) 37,593 51,391
Other comprehensive income (loss) before income taxes 44,230 17,444 (139,884)
Income tax expense (benefit) 17,098 5,882 (54,950)
Other comprehensive income (loss) 27,132 11,562 (84,934)
Total comprehensive income 353,460 779,385 1,675,099
Less noncontrolling interest in comprehensive income 45,096 34,296 34,225
Comprehensive income attributable to HollyFrontier stockholders $ 308,364 $ 745,089 $ 1,640,874
See accompanying notes.