Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 105

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 105
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 Report on Form 10-Q); as well as the possibility of obtaining other secured and unsecured debt, raising capital through equity issuance, or taking advantage of transactional financing opportunities such as sale-leasebacks or joint ventures, as otherwise contemplated and allowed under our incurrence covenants.

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Management's Discussion and Analysis

Cash Flows 

The following table sets forth a summary of our consolidated cash flows (in millions):

Consolidated Nine Months Ended September 30, 20252024Cash Flow Data:  Operating activities - continuing operations$34.4 $78.9 Operating activities - discontinued operations(1.4)17.8 Total Operating activities 33.0 96.7 Investing activities - continuing operations(581.0)(387.4)Investing activities - discontinued operations— 361.7 Total Investing activities(581.0)(25.7)Financing activities - continuing operations443.3 144.4 Total Financing activities443.3 144.4 Net (decrease) increase$(104.7)$215.4 

Cash Flows from Operating Activities 

Continuing Operations

Net cash provided by operating activities from continuing operations was $34.4 million for the nine months ended September 30, 2025, compared to net cash provided of $78.9 million for the comparable period of 2024. The decreases were a result of cash receipts from customers and cash payments to suppliers and for salaries resulting in a net $271.3 million decrease in cash provided by operating activities and an increase in cash paid for debt interest of $26.2 million.

Cash Flows from Investing Activities

Continuing Operations

Net cash used in investing activities from continuing operations was $581.0 million for the nine months ended September 30, 2025, compared to $387.4 million in the comparable period of 2024. The increase in cash flows used in investing activities was primarily due to the $300.8 million acquisition of Gravity of which $186.5 million was paid in cash, $172.3 million increase in purchases of property, plant and equipment and a reduction in insurance and settlement proceeds of $5.2 million.

Cash Flows from Financing Activities

Continuing Operations

Net cash provided by financing activities from continuing operations was $443.3 million for the nine months ended September 30, 2025, compared to cash provided of $144.4 million in the comparable 2024 period.