Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 257

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 257
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 31, 2023December 31, 2022Net revenues$612.0 $882.7 $956.9 Cost of material and other(498.7)(719.2)(796.3)Operating expenses(81.3)(102.1)(98.2)General and administrative expenses(15.6)(14.4)(18.8)Depreciation and amortization(9.0)(12.1)(12.0)Other operating income, net1.0 0.3 0.4 Interest (expense) income, net(0.1)(0.2)0.5 Other income, net0.1 0.2 0.1 Gain on sale of Retail Stores97.5 — — Income from discontinued operations before taxes105.9 35.2 32.6 Income tax expense28.7 8.1 7.5 Income from discontinued operations, net of tax$77.2 $27.1 $25.1 

6. 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 outstanding, by the diluted weighted average common shares outstanding. For all periods presented, we have outstanding various equity-based compensation awards that are considered in our diluted EPS calculation (when to do so would be dilutive), and is inclusive of awards disclosed in Note 21 to these consolidated financial statements. For those instruments that are indexed to our common stock, they are generally dilutive when the market price of the underlying indexed share of common stock is in excess of the exercise price.

F-28 |

The following table sets forth the computation of basic and diluted earnings per share.(In millions, except share and per share data)Year Ended December 31,202420232022Numerator:Numerator for EPS - continuing operationsNet (loss) income from continuing operations$(598.1)$19.6 $265.4 Less: Income from continuing operations attributed to non-controlling interests39.5 26.9 33.4 Numerator for basic and diluted EPS from continuing operations attributable to Delek$(637.6)