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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (HEP: $10,917 and $14,381, respectively) $ 1,665,066 $ 234,444
Accounts receivable: Product and transportation (HEP: $16,344 and $12,745, respectively) 1,626,199 1,130,485
Crude oil resales 76,950 111,403
Accounts receivable, total 1,703,149 1,241,888
Inventories: Crude oil and refined products 2,853,425 1,879,131
Materials, supplies and other (HEP: $1,246 and $1,070, respectively) 361,103 242,997
Total inventory 3,214,528 2,122,128
Income taxes receivable 53,563 97,382
Prepayments and other (HEP: $5,699 and $5,381, respectively) 112,013 66,612
Total current assets 6,748,319 3,762,454
Properties, plants and equipment, at cost (HEP: $2,173,248 and $2,037,527, respectively) 10,146,652 8,448,207
Less accumulated depreciation (HEP: $(761,210) and $(682,143)), respectively) (3,457,747) (3,033,353)
Property, plant and equipment, net 6,688,905 5,414,854
Operating lease right-of-use assets (HEP: $66,382 and $69,134, respectively) 351,068 396,191
Other assets: Turnaround costs 376,158 397,385
Goodwill (HEP: $431,985 and $312,873, respectively) 2,978,315 2,293,044
Intangibles and other (HEP: $360,768 and $214,436, respectively) 982,718 652,685
Other assets, total 4,337,191 3,343,114
Total assets 18,125,483 12,916,613
Current liabilities:    
Accounts payable (HEP: $27,199 and $28,954, respectively) 2,334,107 1,613,484
Income taxes payable 7,818 25,156
Operating lease liabilities (HEP $4,204 and $3,710, respectively) 109,926 110,606
Current debt 306,959 0
Accrued liabilities (HEP: $39,110 and $18,479, respectively) 486,719 316,218
Total current liabilities 3,245,529 2,065,464
Long-term debt (HEP: $1,556,334 and $1,333,049, respectively) 2,948,513 3,072,737
Noncurrent operating lease liabilities (HEP $62,550 and $65,799, respectively) 254,215 308,747
Deferred income taxes (HEP: $374 and $396, respectively) 1,262,165 837,401
Other long-term liabilities (HEP: $55,373 and $43,033, respectively) 397,489 337,799
Commitments and contingencies (Note 19)
HF Sinclair stockholders’ equity:    
Preferred stock, $1.00 par value – 5,000,000 shares authorized; none issued 0 0
Common stock $0.01 par value – 320,000,000 shares authorized; 223,231,546 and 256,046,051 shares issued as of December 31, 2022 and December 31, 2021, respectively 2,232 2,560
Additional capital 6,468,775 4,220,075
Retained earnings 4,130,252 4,413,836
Accumulated other comprehensive income (loss) (22,013) 2,671
Common stock held in treasury, at cost - 26,152,344 and 93,044,605 shares as of December 31, 2022 and December 31, 2021, respectively (1,335,431) (2,951,257)
Total HF Sinclair stockholders’ equity 9,243,815 5,687,885
Noncontrolling interest 773,757 606,580
Total equity 10,017,572 6,294,465
Total liabilities and equity $ 18,125,483 $ 12,916,613