Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 189

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 189
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inations and other (2)74.4 Depreciation and amortization180.1 Interest expense, net165.3 Income tax benefit(16.4)Income from discontinued operations, net of tax(10.9)Net loss attributable to Delek$(69.8)Six Months Ended June 30, 2024RefiningLogisticsCorporate,Other and Eliminations (4)ConsolidatedDepreciation and amortization$118.8 $50.7 $10.6 $180.1 Interest expense, net$19.1 $75.5 $70.7 $165.3 Income from equity method investments$(15.9)$(16.4)$(20.0)$(52.3)Capital spending (3)$68.5 $25.4 $12.2 $106.1 (1) Intercompany fees and sales for the refining segment include revenues of $102.5 million and $196.4 million during the three and six months ended June 30, 2024, respectively, to the Retail Stores, the operations of which are reported in discontinued operations.(2) Corporate expenses, eliminations and other represents corporate costs that are not allocated to the operating segments, inter-segment cost eliminations and other unallocated shared service functions. “Corporate expenses, eliminations and other” are included in the tables above to reconcile total Segment EBITDA attributable to Delek to the Company’s consolidated loss before income taxes.(3) Capital spending includes additions on an accrual basis. Capital spending excludes capital spending associated with the Retail Stores of $6.5 million and $10.6 million during the three and six months ended June 30, 2024, respectively.(4) The corporate, other and eliminations operating results for the three and six months ended June 30, 2024, have been restated to reflect the reclassification of the Retail Stores to discontinued operations.

4.  Discontinued Operations

On July 31, 2024, a wholly owned subsidiary of Delek entered into the Retail Purchase Agreement with a subsidiary of FEMSA. Under the terms of the Retail Purchase Agreement, Delek agreed to sell, and FEMSA agreed to purchase, 100% of the equity interests in four of Delek’s wholly-owned subsidiaries that owned and operated 249 Retail Stores under the Delek US Retail brand. As a result of the Retail Purchase Agreement, we met the