HollyFrontier Corp (HFC) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Refining	16,358.6	9,539.2	15,596.8	16,176.6	12,579.7	10,320.7	13,039.1	19,706.2
Holly Energy Partners	494.5	497.8	532.8	506.2	77.2	402.0	358.9	332.6
Corporate & Other		1.6			0.4			2.1
Other	1,536.1	1,145.0	1,357.0	1,031.9	1,594.0	20,240.2
Total revenues	18,389.1	11,183.6	17,486.6	17,714.7	14,251.3	30,962.9	13,237.9	19,764.3
Revenue growth [+]	64.4%	-36.0%	-1.3%	24.3%	-54.0%	133.9%	-33.0%	-2.0%
Refining	71.5%	-38.8%	-3.6%	28.6%	21.9%	-20.8%	-33.8%	-2.0%
Holly Energy Partners	-0.7%	-6.6%	5.2%	555.5%	-80.8%	12.0%	7.9%
Corporate & Other								60.0%
Cost of goods sold [+]	32,651.6	19,617.9	29,230.8	29,167.4	24,123.7	18,261.3	21,765.8	35,999.2
Maintenance and operations costs	1,517.5	1,300.3	1,394.1	1,285.8	1,296.7	1,021.2	1,060.4	1,144.9
Refining and marketing costs							10,239.2	17,228.4
Gross profit	-14,262.4	-8,434.2	-11,744.2	-11,452.7	-9,872.4	12,701.7	-8,527.9	-16,234.9
Gross margin	-77.6%	-75.4%	-67.2%	-64.7%	-69.3%	41.0%	-64.4%	-82.1%
Selling, general and administrative [+]	362.0	313.6	354.2	290.4	265.7	125.9	120.8	114.6
General and administrative				290.4	265.7	125.9	120.8	114.6
Equity in earnings	12.4	6.6	5.2	5.8	12.5	14.2	-3.7	-2.0
Other operating expenses	-15,975.3	-9,169.1	-14,043.2	-13,804.5	-11,472.1	11,659.4	-10,248.6	-17,228.4
EBITDA [+]	1,363.3	427.9	1,949.9	2,067.1	1,346.4	930.5	1,596.2	876.9
EBITDA growth	218.6%	-78.1%	-5.7%	53.5%	44.7%	-41.7%	82.0%	-44.7%
EBITDA margin	7.4%	3.8%	11.2%	11.7%	9.4%	3.0%	12.1%	4.4%
Depreciation and amortization	503.5	520.9	509.9	437.3	409.9	363.0	346.2	363.4
EBIT [+]	859.7	-93.0	1,439.9	1,629.8	936.5	567.5	1,250.0	513.5
EBIT growth	-1024.7%	-106.5%	-11.6%	74.0%	65.0%	-54.6%	143.4%	-59.9%
EBIT margin	4.7%	-0.8%	8.2%	9.2%	6.6%	1.8%	9.4%	2.6%
Non-recurring items [+]	98.1	634.1	157.7		23.4	655.9	9.4
Asset impairment		545.3	152.7		19.2	654.1
Loss (gain) on sale of assets	98.1	7.8	5.0		4.2	1.8	9.4
Interest expense, net [+]	121.2	118.9	121.2	114.5	113.9	69.7	40.1	39.2
Interest expense	125.2	126.5	143.3	131.4	117.6	72.2	43.5	43.6
Interest income	4.0	7.6	22.1	16.9	3.7	2.5	3.4	4.4
Other income (expense), net [+]	146.7	98.9	10.5	9.1	69.7	-13.5	8.0	-6.8
Gain (loss) on sale of assets				2.9				0.9
Gain (loss) on debt retirement		-25.9			-12.2	-8.7	-1.4	-7.7
Gain (loss) on foreign currency transactions	-2.9	2.2	5.4	6.2	16.9
Other	7.8	7.1	11.2	14.8	13.1	6.6	14.7
Pre-tax income	787.2	-747.0	1,171.5	1,524.5	868.9	-171.5	1,208.6	467.5
Income taxes	123.9	-232.1	299.2	347.2	-12.4	19.4	406.1	141.2
Tax rate	15.7%	31.1%	25.5%	22.8%			33.6%	30.2%
Minority interest	104.9	86.5	100.0	79.3	75.8	69.5	62.4	45.0
Net income	558.3	-601.4	772.4	1,098.0	805.4	-260.5	740.1	281.3
Net margin	3.0%	-5.4%	4.4%	6.2%	5.7%	-0.8%	5.6%	1.4%

Basic EPS [+]	$3.43	($3.71)	$4.64	$6.27	$4.57	($1.48)	$3.92	$1.43
Growth	-192.5%	-179.9%	-26.0%	37.2%	-409.1%	-137.7%	175.0%	-61.2%
Diluted EPS [+]	$3.43	($3.71)	$4.61	$6.22	$4.55	($1.48)	$3.92	$1.42
Growth	-192.5%	-180.5%	-25.8%	36.7%	-407.3%	-137.8%	174.9%	-61.0%

Dividends per share [+]	$0.35	$1.40	$1.34	$1.32	$1.34	$1.33	$1.31	$3.28
Growth	-75.0%	4.5%	1.5%	-1.3%	0.6%	1.6%	-60.1%	1.8%

Shares outstanding (basic) [+]	162.6	162.0	166.3	175.0	176.2	176.1	188.7	197.2
Growth	0.4%	-2.6%	-5.0%	-0.7%	0.0%	-6.7%	-4.3%	-1.6%
Shares outstanding (diluted) [+]	162.6	162.0	167.4	176.7	177.2	176.1	188.9	197.4
Growth	0.4%	-3.2%	-5.3%	-0.3%	0.6%	-6.8%	-4.3%	-1.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.