DINO FY 2008 Earnings Report — HF Sinclair Corporation Revenue & Financial Results | Market Cap Arena

HF Sinclair CorporationDINO

FY 2008 Earnings

Reported December 31, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$5.9B	—	$4.8B	—	22.5%
Op. Income	$200M	—	$466M	—	-57.0%
Gross Margin	10.0%	—	12.1%	—	-2.1pp
Net Margin	2.1%	—	7.0%	—	-4.9pp
EPS (Diluted)	$1.19	—	$2.99	—	-60.2%
Free Cash Flow	-$263M	—	$261M	—	-200.4%

Revenue Flow

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$5.3B
GROSS PROFIT	$587M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$55M
Other Expenses	$332M
Operating Expenses	$387M
Cost & Expenses	$5.7B
OPERATING INCOME	$200M
Interest Income	$11M
Interest Expense	$24M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$185M
Income Tax Expense	$65M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$64M
EBIT	$212M
EBITDA	$275M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$5.3B
GROSS PROFIT	$587M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$55M
Other Expenses	$332M
Operating Expenses	$387M
Cost & Expenses	$5.7B
OPERATING INCOME	$200M
Interest Income	$11M
Interest Expense	$24M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$185M
Income Tax Expense	$65M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$64M
EBIT	$212M
EBITDA	$275M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$121M
Depreciation & Amortization	$64M
Stock-Based Compensation	$7M
Deferred Income Tax	$33M
Other Non-Cash Items	-$32M
Change in Working Capital	-$37M
OPERATING CASH FLOW	$155M
Capital Expenditure	-$418M
Acquisitions (Net)	$13M
Purchases of Investments	-$769M
Sales/Maturities of Investments	$945M
Other Investing Activities	$171M
NET CASH FROM INVESTING	-$58M
Net Debt Issuance	$29M
Common Stock Repurchased	-$151M
Common Dividends Paid	-$29M
Other Financing Activities	$21M
NET CASH FROM FINANCING	-$151M
FREE CASH FLOW	-$263M
Net Change in Cash	-$54M

Balance Sheet

Item	Amount
Cash & Equivalents	$41M
Short-Term Investments	$49M
Net Receivables	$296M
Inventory	$126M
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$531M
PP&E (Net)	$1.2B
Goodwill	$28M
Intangible Assets	$70M
Long-Term Investments	$6M
Tax Assets	$0
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.9B
Account Payables	$390M
Short-Term Debt	$29M
Deferred Revenue	$0
Other Current Liabilities	$935.0K
TOTAL CURRENT LIABILITIES	$462M
Long-Term Debt	$342M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$69M
Other Non-Current Liabilities	$64M
TOTAL NON-CURRENT LIABILITIES	$476M
TOTAL LIABILITIES	$1.3B
Common Stock	$735.0K
Additional Paid-In Capital	$121M
Retained Earnings	$1.1B
Treasury Stock	-$691M
Accum. Other Comp. Income	-$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$542M
Minority Interest	$395M
TOTAL EQUITY	$936M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$342M
Net Debt	$301M