PAR PACIFIC HOLDINGS INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
PARR$68.61+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(in thousands, except share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| 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 |
| Refining and logistics equity investments | 90,171 | 87,486 |
| Investment in Laramie Energy, LLC | 15,661 | 14,279 |
| 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 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| 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 | — | — |
| 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 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.