Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 100

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 100
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202480,127,994 $0.8 $1,215.9 $(4.1)$(205.7)(17,575,527)$(694.1)$262.4 $575.2 $— 

See accompanying notes to the consolidated financial statements

F-10 |

Financial Statements

Delek US Holdings, Inc.

Consolidated Statements of Cash Flows

(In millions)

Year Ended December 31,202420232022Cash flows from operating activities:Net (loss) income$(520.9)$46.7 $290.5 Adjustments to reconcile net (loss) income to net cash provided by operating activities:Depreciation and amortization374.5 339.5 275.0 Non-cash lease expense46.1 60.3 63.7 Deferred income taxes(103.6)(1.6)61.6 Asset impairment 243.5 37.9 — Income from equity method investments(92.2)(86.2)(57.7)Dividends from equity method investments74.1 61.0 32.3 Non-cash lower of cost or market/net realizable value adjustment(10.7)0.4 1.9 Loss on extinguishment of debt3.6 — — Equity-based compensation expense33.8 27.5 29.1 Income from discontinued operations, including gain on sale of discontinued operations, net(77.2)(27.1)(25.1)Other 0.5 5.0 15.1 Changes in assets and liabilities:Accounts receivable179.8 460.0 (429.1)Inventories and other current assets84.6 559.4 (251.1)Fair value of derivatives(5.5)4.0 (4.6)Accounts payable and other current liabilities(220.8)(299.7)300.9 Obligation under Inventory Intermediation Agreements1.1 (192.1)102.3 Non-current assets and liabilities, net(94.4)(16.0)(11.1)Cash (used in) provided by operating activities - continuing operations(83.7)979.0 393.7 Cash provided by operating activities - discontinued operations16.9 34.6 31.6 Net cash (used in)