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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 179,658 $ 279,107
Restricted cash 343 339
Total cash, cash equivalents, and restricted cash 180,001 279,446
Trade accounts receivable, net of allowances of $0.3 million and $0.2 million at June 30, 2024 and December 31, 2023, respectively 486,300 367,249
Inventories 1,258,337 1,160,395
Prepaid and other current assets 51,717 182,405
Total current assets 1,976,355 1,989,495
Property, plant, and equipment    
Property, plant, and equipment 1,642,056 1,577,801
Less accumulated depreciation and amortization (526,978) (478,413)
Property, plant, and equipment, net 1,115,078 1,099,388
Long-term assets    
Operating lease right-of-use (“ROU”) assets 349,192 346,454
Intangible assets, net 10,009 10,918
Goodwill 129,275 129,275
Other long-term assets 252,823 186,655
Total assets 3,936,947 3,863,950
Current liabilities    
Current maturities of long-term debt 4,165 4,255
Obligations under inventory financing agreements 251,058 594,362
Accounts payable 549,040 391,325
Accrued taxes 52,239 40,064
Operating lease liabilities 69,662 72,833
Other accrued liabilities 284,889 421,762
Total current liabilities 1,211,053 1,524,601
Long-term liabilities    
Long-term debt, net of current maturities 1,054,590 646,603
Finance lease liabilities 12,411 12,438
Operating lease liabilities 289,436 282,517
Other liabilities 103,677 62,367
Total liabilities 2,671,167 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 June 30, 2024 and December 31, 2023, 56,908,751 shares and 59,755,844 shares issued at June 30, 2024 and December 31, 2023, respectively 568 597
Additional paid-in capital 875,868 860,797
Accumulated earnings 381,279 465,856
Accumulated other comprehensive income 8,065 8,174
Total stockholders’ equity 1,265,780 1,335,424
Total liabilities and stockholders’ equity 3,936,947 3,863,950
Refining and logistics equity investments    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC 88,218 87,486
Investment in Laramie Energy, LLC    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC $ 15,997 $ 14,279