HollyFrontier Corp

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2021 10-K, filed Feb 23, 2022.

The sections below describe the company as of the FY2021 annual report.

How Did They Make Money?

FY2021 revenue by product or service (Sales and other revenues) revenue

Segment	Share	Revenue
Transportation fuels	73% FY2018: 75%
Specialty lubricant products	13% FY2018: 9.2%
Asphalt, fuel oil and other products	5.2% FY2018: 5.6%
Refined Product	91% FY2018: 90%
Excess crude oil revenues	8.4% FY2018: 9.0%
Transportation and logistic services	0.6% FY2018: 0.6%
Other revenues	0.3% FY2018: 0.3%

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2021, but spent more cash than it brought in: free cash flow was −$318.4M.

Operating income, FY2021

4% of revenue

▲ Now profitable vs FY2020 (−$733.7M, −7%)

Net income, FY2021

3% of revenue

▲ Now profitable vs FY2020 (−$601.4M, −5%)

Free cash flow, FY2021

−2% of revenue

▼ Now a loss vs FY2020 ($187.1M, 2%)

How Were They Changing?

Grew. Revenue grew 29% in 4 years, from $14.3B in FY2017 to $18.4B in FY2021, about 7% a year.

Revenue over time

Transportation fuels Specialty lubricant products Asphalt, fuel oil and other products Refined Product Excess crude oil revenues Transportation and logistic services Other revenues

$20B$10B$0

FY2017 FY2018 FY2019 FY2020 FY2021

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