Attached files
| file | filename |
|---|---|
| 8-K - 8-K - HollyFrontier Corp | a8-kattachingclosingitemsh.htm |
| EX-4.2 - EXHIBIT 4.2 - HollyFrontier Corp | exhibit42-supplementalinde.htm |
| EX-5.1 - EXHIBIT 5.1 - HollyFrontier Corp | a51opinionhfc2016debt.htm |
| EX-4.1 - EXHIBIT 4.1 - HollyFrontier Corp | exhibit41-2015hfcshelfxind.htm |
Exhibit 12.1
HollyFrontier Corporation
Computation of Ratios of Earnings to Fixed Charges
Years Ended December 31, | |||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||
(In thousands) | |||||||||
Income from continuing operations before income tax expense, excluding earnings/loss in equity method investments | 1,212,306 | 469,507 | 1,161,471 | 2,785,072 | 1,639,395 | ||||
Share of distributed income of 50%-or-less-owned affiliates | 4,681 | 2,987 | 2,826 | 3,364 | 2,552 | ||||
Fixed charges | 84,775 | 85,385 | 104,292 | 135,575 | 114,739 | ||||
Interest capitalized | (5,546) | (11,822) | (12,055) | (9,108) | (17,225) | ||||
Amortization of capitalized interest | 2,687 | 2,465 | 1,992 | 1,510 | 1,146 | ||||
Earnings | 1,298,903 | 548,522 | 1,258,526 | 2,916,413 | 1,740,607 | ||||
FIXED CHARGES | |||||||||
Interest expense | 43,470 | 43,646 | 68,050 | 104,186 | 78,323 | ||||
Capitalized interest | 5,546 | 11,822 | 12,055 | 9,108 | 17,225 | ||||
Interest component of leases (1) | 35,759 | 29,917 | 24,187 | 22,281 | 19,191 | ||||
Total fixed charges | 84,775 | 85,385 | 104,292 | 135,575 | 114,739 | ||||
Ratio of Earnings to Fixed Charges | 15.3 | 6.4 | 12.1 | 21.5 | 15.2 | ||||
(1) Calculation of interest component of leases | |||||||||
Consolidated HFC rental expense | 107,279 | 89,752 | 72,563 | 66,845 | 57,575 | ||||
Times 33.33% | 35,759 | 29,917 | 24,187 | 22,281 | 19,191 | ||||