Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 31

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 31
---
 of discontinued operations105.9 35.2 32.6 Income tax expense28.7 8.1 7.5 Income from discontinued operations, net of tax77.2 27.1 25.1 Net (loss) income(520.9)46.7 290.5 Non-controlling interests39.5 26.9 33.4 Net (loss) income attributable to Delek$(560.4)$19.8 $257.1 

(1) This information is presented at a summary level for your reference. See the Consolidated Statements of Income included in item 8. Financial Statements and Supplementary Data, of this Annual Report on Form 10-K for more detail regarding our results of operations and net income per share.

We report operating results in two reportable segments:

•Refining

•Logistics                                                                       

Decisions concerning the allocation of resources and assessment of operating performance are made based on this segmentation. Management measures the operating performance of each of its reportable segments based on the segment EBITDA.    

71 |

Management's Discussion and Analysis

Results of Operations

Consolidated Results of Operations — Comparison of the Year Ended December 31, 2024 versus the Year Ended December 31, 2023 and the Year Ended December 31, 2023 versus the Year Ended  December 31, 2022

Net (Loss) Income 

2024 vs. 2023

Consolidated net loss for the year ended December 31, 2024 was $520.9 million compared to a net income of $46.7 million for the year ended December 31, 2023. Consolidated net loss attributable to Delek for the year ended December 31, 2024 was $560.4 million, or $(8.77) per basic share, compared to income of $19.8 million, or $0.30 per basic share, for the year ended December 31, 2023. Explanations for significant drivers impacting net (loss) income as compared to the comparable period of the prior year are discussed in the sections below.

2023 vs. 2022

Consolidated net income for the year ended December 31, 2023 was $46.7 million compared to  $290.5 million for the year ended December 31, 2022. Consolidated net income attributable to Delek for the year ended December 31,