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v3.22.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following is a summary of the financial information of our reportable segments reconciled to the amounts reported in the consolidated financial statements.
|  | Refining |  | Renewables |  | Marketing |  | Lubricants and Specialty Products |  | HEP |  | Corporate, Other and Eliminations |  | Consolidated Total
|  | (In thousands)
Year Ended December 31, 2022
Sales and other revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 30,379,696 |  |  | $ | 654,893 |  |  | $ | 3,911,922 |  |  | $ | 3,149,128 |  |  | $ | 109,200 |  |  | $ | — |  |  | $ | 38,204,839 |
Intersegment revenues |  | 4,033,213 |  |  | 360,606 |  |  | — |  |  | 9,472 |  |  | 438,280 |  |  | (4,841,571) |  |  | — |
|  | $ | 34,412,909 |  |  | $ | 1,015,499 |  |  | $ | 3,911,922 |  |  | $ | 3,158,600 |  |  | $ | 547,480 |  |  | $ | (4,841,571) |  |  | $ | 38,204,839 |
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment) |  | $ | 28,270,195 |  |  | $ | 974,167 |  |  | $ | 3,845,625 |  |  | $ | 2,333,156 |  |  | $ | — |  |  | $ | (4,743,130) |  |  | $ | 30,680,013 |
Lower of cost or market inventory valuation adjustment |  | $ | — |  |  | $ | 52,412 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 52,412 |
Operating expenses |  | $ | 1,815,931 |  |  | $ | 111,974 |  |  | $ | — |  |  | $ | 277,522 |  |  | $ | 210,623 |  |  | $ | (81,157) |  |  | $ | 2,334,893 |
Selling, general and administrative expenses |  | $ | 146,660 |  |  | $ | 3,769 |  |  | $ | 2,954 |  |  | $ | 168,207 |  |  | $ | 17,003 |  |  | $ | 87,892 |  |  | $ | 426,485 |
Depreciation and amortization |  | $ | 405,065 |  |  | $ | 52,621 |  |  | $ | 17,819 |  |  | $ | 83,447 |  |  | $ | 96,683 |  |  | $ | 1,152 |  |  | $ | 656,787 |
Income (loss) from operations |  | $ | 3,775,058 |  |  | $ | (179,444) |  |  | $ | 45,524 |  |  | $ | 296,268 |  |  | $ | 223,171 |  |  | $ | (106,328) |  |  | $ | 4,054,249 |
Earnings of equity method investments |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (260) |  |  | $ | — |  |  | $ | (260) |
Capital expenditures |  | $ | 162,280 |  |  | $ | 225,274 |  |  | $ | 9,275 |  |  | $ | 34,887 |  |  | $ | 38,964 |  |  | $ | 53,327 |  |  | $ | 524,007 |
|  | Refining |  | Renewables |  | Lubricants and Specialty Products |  | HEP |  | Corporate, Other and Eliminations (2) |  | Consolidated Total
|  | (In thousands)
Year Ended December 31, 2021
Sales and other revenues: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 15,734,870 |  |  | $ | — |  |  | $ | 2,550,624 |  |  | $ | 103,646 |  |  | $ | 2 |  |  | $ | 18,389,142 |
Intersegment revenues |  | 623,688 |  |  | — |  |  | 9,988 |  |  | 390,849 |  |  | (1,024,525) |  |  | — |
|  | $ | 16,358,558 |  |  | $ | — |  |  | $ | 2,560,612 |  |  | $ | 494,495 |  |  | $ | (1,024,523) |  |  | $ | 18,389,142 |
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment) |  | $ | 14,673,062 |  |  | $ | — |  |  | $ | 1,815,802 |  |  | $ | — |  |  | $ | (921,812) |  |  | $ | 15,567,052 |
Lower of cost or market inventory valuation adjustment |  | $ | (318,353) |  |  | $ | 8,739 |  |  | $ | — |  |  | $ | — |  |  | $ | (509) |  |  | $ | (310,123) |
Operating expenses |  | $ | 1,090,424 |  |  | $ | 55,353 |  |  | $ | 252,456 |  |  | $ | 170,524 |  |  | $ | (51,279) |  |  | $ | 1,517,478 |
Selling, general and administrative expenses |  | $ | 127,563 |  |  | $ | — |  |  | $ | 170,155 |  |  | $ | 12,637 |  |  | $ | 51,655 |  |  | $ | 362,010 |
Depreciation and amortization |  | $ | 334,365 |  |  | $ | 1,672 |  |  | $ | 79,767 |  |  | $ | 86,998 |  |  | $ | 737 |  |  | $ | 503,539 |
Income (loss) from operations |  | $ | 451,497 |  |  | $ | (65,764) |  |  | $ | 242,432 |  |  | $ | 224,336 |  |  | $ | (103,315) |  |  | $ | 749,186 |
Earnings of equity method investments |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 12,432 |  |  | $ | — |  |  | $ | 12,432 |
Capital expenditures |  | $ | 160,431 |  |  | $ | 510,836 |  |  | $ | 30,878 |  |  | $ | 88,336 |  |  | $ | 22,928 |  |  | $ | 813,409 |
Year Ended December 31, 2020
Sales and other revenues: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 9,286,658 |  |  | $ | — |  |  | $ | 1,792,745 |  |  | $ | 98,039 |  |  | $ | 6,201 |  |  | $ | 11,183,643 |
Intersegment revenues |  | 252,531 |  |  | — |  |  | 10,465 |  |  | 399,809 |  |  | (662,805) |  |  | — |
|  | $ | 9,539,189 |  |  | $ | — |  |  | $ | 1,803,210 |  |  | $ | 497,848 |  |  | $ | (656,604) |  |  | $ | 11,183,643 |
Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment) |  | $ | 8,439,680 |  |  | $ | — |  |  | $ | 1,271,287 |  |  | $ | — |  |  | $ | (552,162) |  |  | $ | 9,158,805 |
Lower of cost or market inventory valuation adjustment |  | $ | 82,214 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (3,715) |  |  | $ | 78,499 |
Operating expenses |  | $ | 988,045 |  |  | $ | 3,861 |  |  | $ | 216,068 |  |  | $ | 147,692 |  |  | $ | (55,389) |  |  | $ | 1,300,277 |
Selling, general and administrative expenses |  | $ | 127,298 |  |  | $ | — |  |  | $ | 157,816 |  |  | $ | 9,989 |  |  | $ | 18,497 |  |  | $ | 313,600 |
Depreciation and amortization |  | $ | 324,617 |  |  | $ | — |  |  | $ | 80,656 |  |  | $ | 95,445 |  |  | $ | 20,194 |  |  | $ | 520,912 |
Goodwill and long-lived asset impairment (1) |  | $ | 241,760 |  |  | $ | — |  |  | $ | 286,575 |  |  | $ | 16,958 |  |  | $ | — |  |  | $ | 545,293 |
Income (loss) from operations |  | $ | (664,425) |  |  | $ | (3,861) |  |  | $ | (209,192) |  |  | $ | 227,764 |  |  | $ | (84,029) |  |  | $ | (733,743) |
Earnings of equity method investments |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6,647 |  |  | $ | — |  |  | $ | 6,647 |
Capital expenditures |  | $ | 152,726 |  |  | $ | 65,147 |  |  | $ | 32,473 |  |  | $ | 59,283 |  |  | $ | 20,531 |  |  | $ | 330,160 |
(1)The results of our HEP reportable segment for the year ended December 31, 2020 include a long-lived asset impairment charge attributed to HEP’s logistics assets at our Cheyenne Refinery. (2)For the year ended December 31, 2020, Corporate and Other includes $14.0 million of decommissioning and other shutdown costs related to our Cheyenne Refinery. In addition, for the year ended December 31, 2020, Corporate and Other includes $11.4 million in other operating costs related to our Cheyenne facility.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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