HF Sinclair Corp
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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
(In millions, except share and per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Sales and other revenues (Note 4) | $28,580 | $31,964 | $38,205 |
| Operating costs and expenses: | |||
| Cost of sales: (1) | |||
| Cost of materials and other (2) | 24,582 | 25,784 | 30,680 |
| Lower of cost or market inventory valuation adjustments (Note 9) | (43) | 271 | 52 |
| Operating expenses | 2,484 | 2,438 | 2,335 |
| 27,023 | 28,493 | 33,067 | |
| Selling, general and administrative expenses (1) | 447 | 497 | 427 |
| Depreciation and amortization | 832 | 771 | 657 |
| Asset impairments | 17 | — | — |
| Total operating costs and expenses | 28,319 | 29,761 | 34,151 |
| Income from operations | 261 | 2,203 | 4,054 |
| Other income (expense): | |||
| Earnings of equity method investments | 32 | 17 | — |
| Interest income | 75 | 94 | 30 |
| Interest expense | (165) | (191) | (176) |
| Other income, net (Note 5) | 15 | 30 | 28 |
| (43) | (50) | (118) | |
| Income before income taxes | 218 | 2,153 | 3,936 |
| Income tax expense (benefit) (Note 16): | |||
| Current | 83 | 249 | 842 |
| Deferred | (49) | 193 | 53 |
| 34 | 442 | 895 | |
| Net income | 184 | 1,711 | 3,041 |
| Less: net income attributable to noncontrolling interest | 7 | 121 | 118 |
| Net income attributable to HF Sinclair stockholders | $177 | $1,590 | $2,923 |
| Earnings per share attributable to HF Sinclair stockholders: | |||
| Basic | $0.91 | $8.29 | $14.28 |
| Diluted | $0.91 | $8.29 | $14.28 |
| Average number of common shares outstanding (in thousands): | |||
| Basic | 192,073 | 190,035 | 202,566 |
| Diluted | 192,073 | 190,035 | 202,566 |
(1)Exclusive of Depreciation and amortization.
(2)Exclusive of Lower of cost or market inventory valuation adjustments.
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