Business and Properties61A. Risk Factors231B. Unresolved Staff Comments403. "BPD" means the number of barrels per calendar day of crude oil or petroleum products. " "Biodiesel" means a clean alternative fuel produced from renewable biological resources. The acquisition closed on February 1, 2019. Cash consideration paid was $662.7 million. Jet fuel is sold for commercial airline use. Sonneborn has manufacturing facilities in Petrolia, Pennsylvania and the Netherlands. Human CapitalOur PeopleOur people differentiate us from our peers. We focus on integrity and doing the right thing. The Climate Act also establishes that the government must prepare a Climate Plan. Additionally, there is growing concern over the reliability of water sources. There are also increasing risks of litigation related to climate change effects. New laws, regulations or policy changes sometimes arise from unexpected sources. in model year 2025 on an average industry fleet-wide basis. This in turn could cause us to be unable to operate our refineries at desired capacity. Notices of Violations were issued by the WDEQ in late 2016 and 2018. It is too soon to predict the outcome of this matter. We cooperated with the FTC in its investigation. The second lawsuit is before the Tenth Circuit. The matter is fully briefed and remains pending before that court. This program may be discontinued at any time by the Board of Directors. EBITDA is not necessarily comparable to similarly titled measures of other companies. The leases mature on February 1, 2022. Cash and cash equivalents increased $483.2 million for the year ended December 31, 2020. These assumptions have a significant effect on the fair value estimates. Therefore, HEP consolidates these two entities. At inception, we determine if an arrangement is or contains a lease. We use the implicit rate when readily determinable. Leases with a term of 12 months or less are not recorded on our balance sheet. Shipping and handling costs incurred are reported as cost of products sold. We purchase crude oil that at times exceeds the supply needs of our refineries. Other repairs and maintenance costs are expensed when incurred. This goodwill is deductible for income tax purposes. HEP's creditors have no recourse to our assets. That cost is expected to be recognized over a weighted-average period of 1.7 years. These fair value measurements involve significant unobservable inputs (Level 3 inputs). See Note 6 for additional information on Level 2 inputs. We expect to contribute $3.5 million to the PCLI and Sonneborn pensions plans in 2021. We also partially match our employees' contributions. 1-32225).4.5*Description of Capital Stock pursuant to Item 601(b)(4) of Reg. In no event may you, directly or indirectly, designate the calendar year of a payment. "Beneficial Owner" has the meaning provided in Rule 13d-3 under the Exchange Act. 5.Expiration of Restrictions and Risk of Forfeiture. 333-211557) of HollyFrontier Corporation, (2)Registration Statement (Form S-8 No. 7\\ "2" 8 =,+D- "7!(67, $SE M !, Y0%USO"5 $ATE$051XG.W800D , S P/HWW9H8#,*=@KPS"P !
