HF Sinclair Corp
For the period ended Jun 30, 2024. Filed Aug 1, 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.
Jun 30, 2024 · Filed Aug 1, 2024
DINO$98.76-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income (Unaudited)
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Sales and other revenues | $7,845,831 | $7,833,646 | $14,872,976 | $15,398,788 |
| Operating costs and expenses: | ||||
| Cost of sales (exclusive of depreciation and amortization): | ||||
| Cost of materials and other (exclusive of lower of cost or market inventory valuation adjustment) | 6,750,525 | 6,273,605 | 12,677,025 | 12,377,662 |
| Lower of cost or market inventory valuation adjustment | (3,123) | (7,863) | (222,493) | 39,734 |
| Operating expenses (exclusive of depreciation and amortization) | 591,317 | 546,800 | 1,198,429 | 1,186,183 |
| 7,338,719 | 6,812,542 | 13,652,961 | 13,603,579 | |
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | 104,858 | 127,388 | 208,232 | 223,301 |
| Depreciation and amortization | 205,320 | 189,360 | 404,049 | 363,343 |
| Total operating costs and expenses | 7,648,897 | 7,129,290 | 14,265,242 | 14,190,223 |
| Income from operations | 196,934 | 704,356 | 607,734 | 1,208,565 |
| Other income (expense): | ||||
| Earnings of equity method investments | 8,115 | 3,545 | 15,461 | 7,427 |
| Interest income | 18,495 | 17,591 | 40,674 | 37,526 |
| Interest expense | (45,449) | (46,982) | (86,140) | (92,804) |
| Gain (loss) on foreign currency transactions | (369) | 748 | 74 | 1,618 |
| Gain (loss) on sale of assets and other | (264) | 1,152 | 1,755 | 2,783 |
| (19,472) | (23,946) | (28,176) | (43,450) | |
| Income before income taxes: | 177,462 | 680,410 | 579,558 | 1,165,115 |
| Income tax expense: | ||||
| Current | 28,166 | 100,429 | 98,871 | 184,824 |
| Deferred | (4,184) | 45,496 | 10,585 | 60,801 |
| 23,982 | 145,925 | 109,456 | 245,625 | |
| Net income | 153,480 | 534,485 | 470,102 | 919,490 |
| Less: net income attributable to noncontrolling interest | 1,692 | 26,824 | 3,650 | 58,563 |
| Net income attributable to HF Sinclair stockholders | $151,788 | $507,661 | $466,452 | $860,927 |
| Earnings per share: | ||||
| Basic | $0.79 | $2.62 | $2.38 | $4.40 |
| Diluted | $0.79 | $2.62 | $2.38 | $4.40 |
| Average number of common shares outstanding: | ||||
| Basic | 191,510 | 192,348 | 195,110 | 193,888 |
| Diluted | 191,510 | 192,348 | 195,110 | 193,888 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.