HollyFrontier 2014 Annual Report Download - page 99

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Table of Contents HOLLYFRONTIER CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Continued
91
Condensed Consolidating Balance Sheet
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)
ASSETS
Current assets:
Cash and cash equivalents $ 931,920 $ 1,817 $ 14 $ — $ 933,751 $ 6,352 $ — $ 940,103
Marketable securities 725,160 — — — 725,160 — — 725,160
Accounts receivable, net 6,095 698,109 8,075 — 712,279 34,736 (38,213) 708,802
Intercompany accounts receivable — 149,907 313,623 (463,530) — — — —
Inventories — 1,352,656 — — 1,352,656 1,591 — 1,354,247
Income taxes receivable 109,376 — — — 109,376 — — 109,376
Prepayments and other 21,843 45,413 — — 67,256 2,283 (10,783) 58,756
Total current assets 1,794,394 2,247,902 321,712 (463,530) 3,900,478 44,962 (48,996) 3,896,444
Properties, plants and equip, net 30,007 2,633,739 24 — 2,663,770 1,004,975 (274,149) 3,394,596
Investment in subsidiaries 5,726,976 221,638 — (5,948,614) — — — —
Intangibles and other assets 23,034 2,380,268 25,000 (25,000) 2,403,302 363,970 (1,573) 2,765,699
Total assets $ 7,574,411 $ 7,483,547 $ 346,736 $ (6,437,144) $ 8,967,550 $ 1,413,907 $ (324,718) $ 10,056,739
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 16,704 $ 1,323,603 $ 383 $ — $ 1,340,690 $ 22,898 $ (38,212) $ 1,325,376
Intercompany accounts payable 463,530 — — (463,530) — — — —
Accrued liabilities 43,254 63,181 795 — 107,230 28,668 (10,783) 125,115
Deferred income tax liabilities 223,999 — — — 223,999 — — 223,999
Total current liabilities 747,487 1,386,784 1,178 (463,530) 1,671,919 51,566 (48,995) 1,674,490
Long-term debt 180,054 34,835 — (25,000) 189,889 807,630 — 997,519
Liability to HEP — 245,536 — — 245,536 — (245,536) —
Deferred income tax liabilities 616,506 — — — 616,506 336 — 616,842
Other long-term liabilities 35,874 89,416 — — 125,290 35,918 (2,718) 158,490
Investment in HEP — — 123,920 — 123,920 — (123,920) —
Equity – HollyFrontier 5,994,490 5,726,976 221,638 (5,948,614) 5,994,490 420,969 (415,839) 5,999,620
Equity – noncontrolling interest — — — — — 97,488 512,290 609,778
Total liabilities and equity $ 7,574,411 $ 7,483,547 $ 346,736 $ (6,437,144) $ 8,967,550 $ 1,413,907 $ (324,718) $ 10,056,739