Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 72

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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 a total of $10.0 million. No common units were repurchased for the three months ended March 31, 2024.  As of March 31, 2025, there was $140.0 million of authorization remaining under the Common Unit Repurchase Agreement.Consolidated VIEDelek Logistics is a VIE, as defined under GAAP, and is consolidated into our condensed consolidated financial statements, representing our logistics segment. The assets of Delek Logistics can only be used to settle its own obligations and its creditors have no recourse to our assets. Exclusive of intercompany balances, and prior to August 5, 2024, the marketing agreement intangible asset between Delek Logistics and Delek which are eliminated in consolidation, the Delek Logistics condensed consolidated balance sheets are included in the condensed consolidated balance sheets of Delek. The Delek Logistics condensed consolidated balance sheets are presented below (in millions):As of March 31, 2025As of December 31, 2024ASSETS  Cash and cash equivalents$2.1 $5.4 Accounts receivable68.7 54.7 Accounts receivable from related parties54.9 33.3 Lease receivable - affiliate21.1 22.8 Inventory8.6 5.4 Other current assets1.5 24.2 Property, plant and equipment, net1,322.0 1,064.3 Equity method investments 317.5 317.2 Operating lease right-of-use assets17.1 16.7 Goodwill12.2 12.2 Intangible assets, net363.6 281.5 Net lease investment - affiliate189.7 193.1 Other non-current assets16.5 10.8 Total assets$2,395.5 $2,041.6 LIABILITIES AND EQUITYAccounts payable$59.9 $41.4 Current portion of operating lease liabilities5.5 5.3 Accrued expenses and other current liabilities32.0 42.1 Long-term debt, net of current portion2,145.7 1,875.4 Asset retirement obligations23.3 15.6 Operating lease liabilities, net of current portion6.2 6.0 Other non-current liabilities25.5 20.3 Equity97.4 35.5 Total liabilities and