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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 874 $ 800
Accounts receivable, net: Product and transportation 1,172 1,074
Crude oil resales 184 177
Total Accounts receivable, net 1,356 1,251
Inventories: Crude oil and refined products 2,512 2,495
Materials, supplies and other 302 303
Total inventories 2,814 2,798
Income taxes receivable 54 70
Prepayments and other 75 95
Total current assets 5,173 5,014
Properties, plants and equipment, at cost 11,140 10,931
Less: accumulated depreciation (4,622) (4,373)
Total properties, plants and equipment 6,518 6,558
Operating lease right-of-use assets 363 355
Other assets: Turnaround costs 888 777
Goodwill 2,978 2,977
Intangibles and other 923 962
Total other assets 4,789 4,716
Total assets 16,843 16,643
Current liabilities:    
Accounts payable 2,206 2,236
Income taxes payable 2 3
Operating lease liabilities 84 77
Current debt 0 350
Accrued liabilities 549 377
Total current liabilities 2,841 3,043
Long-term debt, net 2,677 2,288
Noncurrent operating lease liabilities 304 301
Deferred income taxes 1,239 1,224
Other long-term liabilities 434 441
Total liabilities 7,495 7,297
Commitments and Contingencies
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 shares issued as of June 30, 2025 and December 31, 2024, respectively 2 2
Additional capital 6,011 5,998
Retained earnings 5,184 5,170
Accumulated other comprehensive loss (20) (47)
Common stock held in treasury, at cost – 36,151,146 and 34,826,009 shares as of June 30, 2025 and December 31, 2024, respectively (1,895) (1,845)
Total HF Sinclair stockholders’ equity 9,282 9,278
Noncontrolling interest 66 68
Total equity 9,348 9,346
Total liabilities and equity $ 16,843 $ 16,643