Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 0

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
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ITEM 1. FINANCIAL STATEMENTS

Delek US Holdings, Inc.

Condensed Consolidated Balance Sheets (unaudited)

(In millions, except share and per share data)

June 30, 2025December 31, 2024ASSETS  Current assets: Cash and cash equivalents$615.5 $735.6 Accounts receivable, net743.4 617.6 Inventories, net of inventory valuation reserves860.9 893.2 Other current assets101.8 85.5 Total current assets2,321.6 2,331.9 Property, plant and equipment:  Property, plant and equipment5,399.9 4,948.4 Less: accumulated depreciation(2,151.0)(2,008.4)Property, plant and equipment, net3,248.9 2,940.0 Operating lease right-of-use assets81.9 92.2 Goodwill475.3 475.3 Other intangibles, net415.9 321.6 Equity method investments409.3 392.9 Other non-current assets115.9 111.9 Total assets$7,068.8 $6,665.8 LIABILITIES AND STOCKHOLDERS’ EQUITY  Current liabilities:  Accounts payable$1,904.9 $1,813.8 Current portion of long-term debt9.5 9.5 Current portion of operating lease liabilities35.4 43.2 Accrued expenses and other current liabilities956.0 649.5 Total current liabilities2,905.8 2,516.0 Non-current liabilities:  Long-term debt, net of current portion3,091.2 2,755.7 Obligation under Inventory Intermediation Agreement388.4 408.7 Environmental liabilities, net of current portion31.8 33.3 Asset retirement obligations34.7 24.7 Deferred tax liabilities176.5 214.8 Operating lease liabilities, net of current portion51.0 54.8 Other non-current liabilities94.5 82.6 Total non-current liabilities3,868.1 3,574.6 Stockholders’ equity:  Preferred stock, $0.01 par value, 10,000,000 shares authorized