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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 182,977 $ 279,107
Restricted cash 345 339
Total cash, cash equivalents, and restricted cash 183,322 279,446
Trade accounts receivable, net of allowances of $0.4 million and $0.2 million at September 30, 2024 and December 31, 2023, respectively 429,740 367,249
Inventories 1,071,923 1,160,395
Prepaid and other current assets 82,198 182,405
Total current assets 1,767,183 1,989,495
Property, plant, and equipment    
Property, plant, and equipment 1,686,003 1,577,801
Less accumulated depreciation and amortization (552,046) (478,413)
Property, plant, and equipment, net 1,133,957 1,099,388
Long-term assets    
Operating lease right-of-use (“ROU”) assets 435,048 346,454
Intangible assets, net 9,764 10,918
Goodwill 129,275 129,275
Other long-term assets 272,218 186,655
Total assets 3,853,277 3,863,950
Current liabilities    
Current maturities of long-term debt 4,133 4,255
Obligations under inventory financing agreements 165,168 594,362
Accounts payable 464,766 391,325
Accrued taxes 51,182 40,064
Operating lease liabilities 75,401 72,833
Other accrued liabilities 284,999 421,762
Total current liabilities 1,045,649 1,524,601
Long-term liabilities    
Long-term debt, net of current maturities 1,039,573 646,603
Finance lease liabilities 11,899 12,438
Operating lease liabilities 370,979 282,517
Other liabilities 131,151 62,367
Total liabilities 2,599,251 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 September 30, 2024 and December 31, 2023, 55,987,335 shares and 59,755,844 shares issued at September 30, 2024 and December 31, 2023, respectively 559 597
Additional paid-in capital 878,789 860,797
Accumulated earnings 366,667 465,856
Accumulated other comprehensive income 8,011 8,174
Total stockholders’ equity 1,254,026 1,335,424
Total liabilities and stockholders’ equity 3,853,277 3,863,950
Refining and logistics equity investments    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC 90,171 87,486
Investment in Laramie Energy, LLC    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC $ 15,661 $ 14,279