DINO FY 2007 Earnings Report — HF Sinclair Corporation Revenue & Financial Results | Market Cap Arena

HF Sinclair CorporationDINO

FY 2007 Earnings

Reported December 31, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$4.8B	—	$4.0B	—	19.1%
Op. Income	$466M	—	$362M	—	28.9%
Gross Margin	12.1%	—	11.6%	—	0.5pp
Net Margin	7.0%	—	6.6%	—	0.3pp
EPS (Diluted)	$2.99	—	$2.29	—	30.6%
Free Cash Flow	$261M	—	$125M	—	109.6%

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$4.2B
GROSS PROFIT	$579M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$69M
Other Expenses	$43M
Operating Expenses	$112M
Cost & Expenses	$4.3B
OPERATING INCOME	$466M
Interest Income	$15M
Interest Expense	$1M
Other Income/Expenses	$33M
INCOME BEFORE TAX	$499M
Income Tax Expense	$165M
Net Income from Continuing Ops	$334M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$334M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$334M
D&A	$43M
EBIT	$501M
EBITDA	$544M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$4.2B
GROSS PROFIT	$579M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$69M
Other Expenses	$43M
Operating Expenses	$112M
Cost & Expenses	$4.3B
OPERATING INCOME	$466M
Interest Income	$15M
Interest Expense	$1M
Other Income/Expenses	$33M
INCOME BEFORE TAX	$499M
Income Tax Expense	$165M
Net Income from Continuing Ops	$334M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$334M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$334M
D&A	$43M
EBIT	$501M
EBITDA	$544M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$334M
Depreciation & Amortization	$43M
Stock-Based Compensation	$0
Deferred Income Tax	$23M
Other Non-Cash Items	$16M
Change in Working Capital	$12M
OPERATING CASH FLOW	$423M
Capital Expenditure	-$161M
Acquisitions (Net)	$0
Purchases of Investments	-$641M
Sales/Maturities of Investments	$509M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$293M
Net Debt Issuance	$0
Common Stock Repurchased	-$207M
Common Dividends Paid	-$23M
Other Financing Activities	$39M
NET CASH FROM FINANCING	-$189M
FREE CASH FLOW	$261M
Net Change in Cash	-$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$94M
Short-Term Investments	$158M
Net Receivables	$631M
Inventory	$141M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$531M
Goodwill	$0
Intangible Assets	$13M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$86M
TOTAL NON-CURRENT ASSETS	$629M
TOTAL ASSETS	$1.7B
Account Payables	$783M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$818M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$39M
Other Non-Current Liabilities	$205M
TOTAL NON-CURRENT LIABILITIES	$244M
TOTAL LIABILITIES	$1.1B
Common Stock	$733.0K
Additional Paid-In Capital	$109M
Retained Earnings	$1.1B
Treasury Stock	-$552M
Accum. Other Comp. Income	-$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$594M
Minority Interest	$8M
TOTAL EQUITY	$602M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$0
Net Debt	-$94M