XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 228,298 $ 279,107
Restricted cash 341 339
Total cash, cash equivalents, and restricted cash 228,639 279,446
Trade accounts receivable, net of allowances of $0.2 million and $0.2 million at March 31, 2024 and December 31, 2023, respectively 448,479 367,249
Inventories 1,133,069 1,160,395
Prepaid and other current assets 48,320 182,405
Total current assets 1,858,507 1,989,495
Property, plant, and equipment    
Property, plant, and equipment 1,608,311 1,577,801
Less accumulated depreciation and amortization (503,775) (478,413)
Property, plant, and equipment, net 1,104,536 1,099,388
Long-term assets    
Operating lease right-of-use (“ROU”) assets 341,405 346,454
Intangible assets, net 10,254 10,918
Goodwill 129,275 129,275
Other long-term assets 220,542 186,655
Total assets 3,771,676 3,863,950
Current liabilities    
Current maturities of long-term debt 4,226 4,255
Obligations under inventory financing agreements 662,688 594,362
Accounts payable 436,188 391,325
Accrued taxes 36,792 40,064
Operating lease liabilities 68,841 72,833
Other accrued liabilities 239,027 421,762
Total current liabilities 1,447,762 1,524,601
Long-term liabilities    
Long-term debt, net of current maturities 635,283 646,603
Finance lease liabilities 13,375 12,438
Operating lease liabilities 283,099 282,517
Other liabilities 80,818 62,367
Total liabilities 2,460,337 2,528,526
Commitments and contingencies (Note 15)
Stockholders’ equity    
Preferred stock, $0.01 par value: 3,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized at March 31, 2024 and December 31, 2023, 59,070,467 shares and 59,755,844 shares issued at March 31, 2024 and December 31, 2023, respectively 590 597
Additional paid-in capital 872,954 860,797
Accumulated earnings 429,675 465,856
Accumulated other comprehensive income 8,120 8,174
Total stockholders’ equity 1,311,339 1,335,424
Total liabilities and stockholders’ equity 3,771,676 3,863,950
Refining And Logistics Investments    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC 88,315 87,486
Laramie Energy Company    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC $ 18,842 $ 14,279