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Table of Contents HOLLYFRONTIER CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Continued
90
Condensed Consolidating Balance Sheet
December 31, 2014 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)
ASSETS
Current assets:
Cash and cash equivalents $ 565,080 $ — $ 75 $ — $ 565,155 $ 2,830 $ — $ 567,985
Marketable securities 474,068 42 — — 474,110 — — 474,110
Accounts receivable, net 5,107 579,526 3,774 — 588,407 40,129 (38,631) 589,905
Intercompany accounts receivable — 171,341 397,540 (568,881) — — — —
Inventories — 1,033,191 — — 1,033,191 1,940 — 1,035,131
Income taxes receivable 11,719 — — — 11,719 — — 11,719
Prepayments and other 14,734 95,194 — — 109,928 2,443 (8,223) 104,148
Total current assets 1,070,708 1,879,294 401,389 (568,881) 2,782,510 47,342 (46,854) 2,782,998
Properties, plants and equip, net 31,808 2,873,350 902 — 2,906,060 1,024,311 (259,832) 3,670,539
Investment in subsidiaries 5,912,233 291,912 — (6,204,145) — — — —
Intangibles and other assets 30,082 2,388,844 25,000 (25,000) 2,418,926 362,919 (4,742) 2,777,103
Total assets $ 7,044,831 $ 7,433,400 $ 427,291 $ (6,798,026) $ 8,107,496 $ 1,434,572 $ (311,428) $ 9,230,640
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 11,457 $ 1,117,429 $ 2 $ — $ 1,128,888 $ 17,881 $ (38,631) $ 1,108,138
Intercompany accounts payable 568,881 — — (568,881) — — — —
Income taxes payable 19,642 — — — 19,642 — — 19,642
Accrued liabilities 41,403 45,331 1,382 — 88,116 26,321 (8,223) 106,214
Deferred income tax liabilities 17,409 — — — 17,409 — — 17,409
Total current liabilities 658,792 1,162,760 1,384 (568,881) 1,254,055 44,202 (46,854) 1,251,403
Long-term debt 179,144 33,167 — (25,000) 187,311 867,579 — 1,054,890
Liability to HEP — 233,217 — — 233,217 — (233,217) —
Deferred income tax liabilities 646,503 — — — 646,503 367 — 646,870
Other long-term liabilities 43,451 92,023 — — 135,474 47,170 (5,886) 176,758
Investment in HEP — — 133,995 — 133,995 — (133,995) —
Equity – HollyFrontier 5,516,941 5,912,233 291,912 (6,204,145) 5,516,941 380,172 (373,529) 5,523,584
Equity – noncontrolling interest — — — — — 95,082 482,053 577,135
Total liabilities and equity $ 7,044,831 $ 7,433,400 $ 427,291 $ (6,798,026) $ 8,107,496 $ 1,434,572 $ (311,428) $ 9,230,640