HF SINCLAIR CORPORATION (DINO) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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HF SINCLAIR CORPORATION cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $1,543,000,000.00Accounts payable → Operating adjustments reconciliation: $608,000,000.00Accrued liabilities → Operating adjustments reconciliation: $551,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $457,000,000.00Income taxes payable → Operating adjustments reconciliation: $145,000,000.00Deferred income tax expense → Operating adjustments reconciliation: $123,000,000.00Asset impairments → Operating adjustments reconciliation: $47,000,000.00Income taxes receivable → Operating adjustments reconciliation: $45,000,000.00Equity-based compensation expense → Operating adjustments reconciliation: $15,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $424,000,000.00Operating adjustments reconciliation → Lower of cost or market inventory valuation adjustments: $642,000,000.00Operating adjustments reconciliation → Accounts receivable: $609,000,000.00Operating adjustments reconciliation → Turnaround expenditures: $175,000,000.00Operating adjustments reconciliation → Inventories: $65,000,000.00Operating adjustments reconciliation → Change in fair value – derivative instruments: $56,000,000.00Operating adjustments reconciliation → Earnings of equity method investments, net of distributions: $12,000,000.00Operating adjustments reconciliation → Prepayments and other: $7,000,000.00Operating adjustments reconciliation → Other, net: $1,000,000.00Net cash used in investing activities → investing reconciliation: $280,000,000.00investing reconciliation → Additions to properties, plants and equipment: $220,000,000.00investing reconciliation → Acquisitions, net of cash acquired: $38,000,000.00investing reconciliation → Investment in equity method investment: $22,000,000.00Net cash used in financing activities → financing reconciliation: $400,000,000.00Proceeds from financing arrangements → financing reconciliation: $71,000,000.00financing reconciliation → Purchase of treasury stock, inclusive of excise tax: $255,000,000.00financing reconciliation → Dividends: $180,000,000.00financing reconciliation → Payments on financing arrangements: $25,000,000.00financing reconciliation → Other, net: $8,000,000.00financing reconciliation → Distributions to noncontrolling interests: $3,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $978,000,000.00Net cash from operating activities → Cash sources and uses: $1,967,000,000.00Cash sources and uses → Exchange-rate effect: $3,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,262,000,000.00Cash sources and uses → Net cash used in investing activities: $280,000,000.00Cash sources and uses → Net cash used in financing activities: $400,000,000.00Net income: $1,543,000,000.00Net income+$1.54 BDepreciation and amortization: $457,000,000.00Depreciation & amortization+$457.00 MAsset impairments: $47,000,000.00Asset impairments+$47.00 MLower of cost or market inventory valuation adjustments: -$642,000,000.00Inventory write-downs−$642.00 MEarnings of equity method investments, net of distributions: -$12,000,000.00Equity-method income, net−$12.00 MLoss on early extinguishment of debt: $0.00Loss on sale of equity method investment: $0.00Deferred income tax expense: $123,000,000.00Deferred income taxes+$123.00 MEquity-based compensation expense: $15,000,000.00Stock-based compensation+$15.00 MChange in fair value – derivative instruments: -$56,000,000.00Derivative value change−$56.00 MAccounts receivable: -$609,000,000.00Accounts receivable−$609.00 MInventories: -$65,000,000.00Inventories−$65.00 MIncome taxes receivable: $45,000,000.00Income taxes receivable+$45.00 MPrepayments and other: -$7,000,000.00Prepaid & other assets−$7.00 MAccounts payable: $608,000,000.00Accounts payable+$608.00 MAccrued liabilities: $551,000,000.00Accrued liabilities+$551.00 MTurnaround expenditures: -$175,000,000.00Turnaround expenditures−$175.00 MOther, net: -$1,000,000.00Other non-cash items−$1.00 MGain on sale of assets: $0.00Income taxes payable: $145,000,000.00Income taxes payable+$145.00 MNet cash from operating activities: $1,967,000,000.00Operating cash+$1.97 BOperating adjustments reconciliation: $1,991,000,000.00Dividends: -$180,000,000.00Common dividends paid−$180.00 MPurchase of treasury stock, inclusive of excise tax: -$255,000,000.00Common stock repurchases−$255.00 MDistributions to noncontrolling interests: -$3,000,000.00Paid to noncontrolling interests−$3.00 MDeferred financing costs: $0.00Repayments under credit agreements: $0.00Proceeds from issuance of senior notes: $0.00Redemption of senior notes: $0.00Other, net: -$8,000,000.00Other financing, net−$8.00 MProceeds from financing arrangements: $71,000,000.00Financing arrangement proceeds+$71.00 MPayments on financing arrangements: -$25,000,000.00Financing arrangements paid−$25.00 MNet cash used in financing activities: -$400,000,000.00. Cash required to fund net payments.Financing cash−$400.00 Mfinancing reconciliation: $471,000,000.00Additions to properties, plants and equipment: -$220,000,000.00PP&E purchases−$220.00 MOther, net: $0.00Proceeds from sale of assets: $0.00Acquisitions, net of cash acquired: -$38,000,000.00Acquisitions, net of cash−$38.00 MInvestment in equity method investment: -$22,000,000.00Equity-method investments made−$22.00 MNet cash used in investing activities: -$280,000,000.00. Cash required to fund net payments.Investing cash−$280.00 Minvesting reconciliation: $280,000,000.00Cash sources and uses: $2,945,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $978,000,000.00Beginning cash$978.00 MEnding cash: Cash, cash equivalents, and restricted cash: $2,262,000,000.00Ending cash$2.26 BExchange-rate effect: -$3,000,000.00FX effect−$3.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.75 BOperating cash − cash spent on PP&ECash flow / Net income1.27×Operating cash flow ÷ net incomeNet cash change+$1.28 BEnding cash − beginning cash
Chart details

HF SINCLAIR CORPORATION cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
978,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,967,000,000 US dollars. Net cash provided.
Net income
1,543,000,000 US dollars
Depreciation and amortization
457,000,000 US dollars
Asset impairments
47,000,000 US dollars
Lower of cost or market inventory valuation adjustments
negative 642,000,000 US dollars
Earnings of equity method investments, net of distributions
negative 12,000,000 US dollars
Loss on early extinguishment of debt
0 US dollars
Loss on sale of equity method investment
0 US dollars
Deferred income tax expense
123,000,000 US dollars
Equity-based compensation expense
15,000,000 US dollars
Change in fair value – derivative instruments
negative 56,000,000 US dollars
Accounts receivable
negative 609,000,000 US dollars
Inventories
negative 65,000,000 US dollars
Income taxes receivable
45,000,000 US dollars
Prepayments and other
negative 7,000,000 US dollars
Accounts payable
608,000,000 US dollars
Accrued liabilities
551,000,000 US dollars
Turnaround expenditures
negative 175,000,000 US dollars
Other, net
negative 1,000,000 US dollars
Gain on sale of assets
0 US dollars
Income taxes payable
145,000,000 US dollars
Investing activities
negative 280,000,000 US dollars. Net cash used.
Additions to properties, plants and equipment
negative 220,000,000 US dollars
Other, net
0 US dollars
Proceeds from sale of assets
0 US dollars
Acquisitions, net of cash acquired
negative 38,000,000 US dollars
Investment in equity method investment
negative 22,000,000 US dollars
Financing activities
negative 400,000,000 US dollars. Net cash used.
Dividends
negative 180,000,000 US dollars
Purchase of treasury stock, inclusive of excise tax
negative 255,000,000 US dollars
Distributions to noncontrolling interests
negative 3,000,000 US dollars
Deferred financing costs
0 US dollars
Repayments under credit agreements
0 US dollars
Proceeds from issuance of senior notes
0 US dollars
Redemption of senior notes
0 US dollars
Other, net
negative 8,000,000 US dollars
Proceeds from financing arrangements
71,000,000 US dollars
Payments on financing arrangements
negative 25,000,000 US dollars
Operating adjustment reconciliation
1,991,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
471,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
280,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 3,000,000 US dollars
Ending cash on Jun 30, 2026
2,262,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,945,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,284,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.27×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,967,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
220,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,747,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $424.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,967,000,000 US dollars minus 220,000,000 US dollars equals 1,747,000,000 US dollars.
HF SINCLAIR CORPORATION (DINO) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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