Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 264

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 264
---
 Plains All American Pipeline, L.P. to operate one of these pipeline systems and a 33% membership interest in Andeavor Logistics Rio Pipeline LLC which operates the other pipeline system. As of December 31, 2024 and December 31, 2023, Delek Logistics' investment balance in these joint ventures was $94.6 million and $100.3 million, respectively.Other InvestmentsIn addition to our pipeline joint ventures, we also have a 50% interest in a joint venture that owns asphalt terminals located in the southwestern region of the U.S., as well as a 50% interest in a joint venture that owns, operates and maintains a terminal consisting of an ethanol unit train facility with an ethanol tank in Arkansas.  As of December 31, 2024 and December 31, 2023, Delek's investment balance in these joint ventures was $75.7 million and $67.9 million, respectively.     Summarized Financial InformationCombined summarized financial information for our equity method investees on a 100% basis is shown below (in millions):As of  December 31, 2024As of  December 31, 2023Current assets$147.5 $147.5 Non-current assets$1,361.2 $1,361.2 Current liabilities$77.9 $77.9 Non-current liabilities$485.3 $485.3 Year Ended December 31,202420232022Revenues$550.0 $471.3 $441.8 Gross profit$255.9 $169.7 $165.6 Operating income$231.4 $215.8 $147.4 Net income$205.0 $189.3 $130.3 

9. Inventory

Crude oil feedstocks, refined products, blendstocks and asphalt inventory for all of our operations are stated at the lower of cost determined using the FIFO basis or net realizable value. The following table presents the components of inventory for each period presented (in millions):Titled InventoryInventory Intermediation Agreement (1)TotalDecember 31, 2024Feedstocks, raw materials and supplies$246.5 $131.5 $378.0 Refined products and blendstock243.4 271.8 515.2 Total$489.9 $403.3 $893.2 December 31,