HF Sinclair Corp
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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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.
Sep 30, 2026 · Filed Oct 28, 2026
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 Cash Flows (Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in millions)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $3,560 | $613 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 735 | 681 |
| Asset impairments | 75 | 1 |
| Lower of cost or market inventory valuation adjustments | (672) | 97 |
| Earnings of equity method investments, net of distributions | — | (6) |
| Loss on early extinguishment of debt | — | 24 |
| Loss (gain) on sale of assets | 1 | (1) |
| Loss on sale of equity method investment | — | 40 |
| Deferred income tax expense | 133 | 54 |
| Equity-based compensation expense | 26 | 20 |
| Change in fair value – derivative instruments | (39) | 41 |
| (Increase) decrease in current assets: | ||
| Accounts receivable | (999) | (73) |
| Inventories | (193) | (65) |
| Income taxes receivable | 44 | 53 |
| Prepayments and other | — | 18 |
| Increase (decrease) in current liabilities: | ||
| Accounts payable | 699 | (16) |
| Income taxes payable | 441 | 9 |
| Accrued liabilities | 205 | 157 |
| Turnaround expenditures | (289) | (315) |
| Other, net | 24 | (25) |
| Net cash provided by operating activities | 3,751 | 1,307 |
| Cash flows from investing activities: | ||
| Additions to properties, plants and equipment | (357) | (318) |
| Acquisitions, net of cash acquired | (38) | — |
| Investment in equity method investment | (24) | — |
| Proceeds from sale of assets | — | 5 |
| Other, net | 3 | (28) |
| Net cash used for investing activities | (416) | (341) |
| Cash flows from financing activities: | ||
| Purchase of treasury stock, inclusive of excise tax | (734) | (216) |
| Dividends | (273) | (284) |
| Payments on financing arrangements | (25) | — |
| Payments on finance leases | (10) | (12) |
| Distributions to noncontrolling interests | (6) | (9) |
| Proceeds from financing arrangements | 71 | 103 |
| Redemption of senior notes | — | (1,416) |
| Repayments under credit agreements | — | (350) |
| Proceeds from issuance of senior notes | — | 1,890 |
| Deferred financing costs | — | (25) |
| Other, net | — | (4) |
| Net cash used for financing activities | (977) | (323) |
| Effect of exchange rate on cash flow | (3) | 8 |
| Cash and cash equivalents: | ||
| Net change for the period | 2,355 | 651 |
| Cash and cash equivalents at beginning of period | 978 | 800 |
| Cash and cash equivalents at end of period | $3,333 | $1,451 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $(154) | $(127) |
| Decrease in accrued and unpaid capital expenditures | $(6) | $— |
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