HF Sinclair Corp
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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.
Mar 31, 2024 · Filed May 8, 2024
DINO$98.76-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Unaudited)
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Sales and other revenues | $7,027,145 | $7,565,142 |
| Operating costs and expenses: | ||
| Cost of products sold (exclusive of depreciation and amortization): | ||
| Cost of products sold (exclusive of lower of cost or market inventory valuation adjustment) | 5,926,500 | 6,104,057 |
| Lower of cost or market inventory valuation adjustment | (219,370) | 47,597 |
| 5,707,130 | 6,151,654 | |
| Operating expenses (exclusive of depreciation and amortization) | 607,112 | 639,383 |
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | 103,374 | 95,913 |
| Depreciation and amortization | 198,729 | 173,983 |
| Total operating costs and expenses | 6,616,345 | 7,060,933 |
| Income from operations | 410,800 | 504,209 |
| Other income (expense): | ||
| Earnings of equity method investments | 7,346 | 3,882 |
| Interest income | 22,179 | 19,935 |
| Interest expense | (40,691) | (45,822) |
| Gain on foreign currency transactions | 443 | 870 |
| Gain on sale of assets and other | 2,019 | 1,631 |
| (8,704) | (19,504) | |
| Income before income taxes: | 402,096 | 484,705 |
| Income tax expense: | ||
| Current | 70,705 | 84,395 |
| Deferred | 14,769 | 15,305 |
| 85,474 | 99,700 | |
| Net income | 316,622 | 385,005 |
| Less: net income attributable to noncontrolling interest | 1,958 | 31,739 |
| Net income attributable to HF Sinclair stockholders | $314,664 | $353,266 |
| Earnings per share: | ||
| Basic | $1.57 | $1.79 |
| Diluted | $1.57 | $1.79 |
| Average number of common shares outstanding: | ||
| Basic | 198,710 | 195,445 |
| Diluted | 198,710 | 195,445 |
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