Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 202

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 202
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 of July 31, 2024, did not result in an impairment. We ceased depreciation of these assets as of July 31, 2024. The Retail Transaction closed on September 30, 2024. 

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Notes to Condensed Consolidated Financial Statements (unaudited)

Once the Retail Stores were identified as assets held for sale, the operations associated with these properties qualified for reporting as discontinued operations. Accordingly, the operating results, net of tax, from discontinued operations are presented separately in Delek’s condensed consolidated statements of income and the notes to the condensed consolidated financial statements have been adjusted to exclude the discontinued operations. Components of amounts reflected in income from discontinued operations are as follows (in millions):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net revenues$— $202.4 $— $612.0 Cost of material and other— (164.0)0.5 (498.7)Operating expenses— (30.6)— (80.7)General and administrative expenses1.2 (8.8)— (15.1)Depreciation and amortization— (1.8)— (9.0)Other operating (expense) income, net(1.6)(0.2)(2.3)0.9 Interest (expense) income, net— — — (0.1)Other income, net— — — 0.1 Gain on sale of Retail Stores— 98.4 — 98.4 (Loss) income from discontinued operations before taxes(0.4)95.4 (1.8)107.8 Income tax (benefit) expense(0.1)28.1 (0.4)29.6 (Loss) income  from discontinued operations, net of tax$(0.3)$67.3 $(1.4)$78.2 

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Notes to Condensed Consolidated Financial Statements (unaudited)

5. Earnings (Loss) Per Share

Basic earnings (loss) per share (or "EPS") is computed by dividing net income (loss) by the weighted average common shares outstanding. Diluted earnings (loss) per share is computed by dividing net income (loss), as adjusted for changes to income that would result from the assumed settlement of the dilutive equity instruments included in diluted weighted average common shares