Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 57

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 57
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 secured and unsecured debt, raising capital through equity issuance, or taking advantage of transactional financing opportunities such as sale-leasebacks or joint ventures, as otherwise contemplated and allowed under our incurrence covenants.

Cash Flows 

The following table sets forth a summary of our consolidated cash flows (in millions):

Consolidated Year Ended December 31, 20242023Cash Flow Data:  Operating activities - continuing operations$(83.7)$979.0 Operating activities - discontinued operations16.9 34.6 Total Operating activities (66.8)1,013.6 Investing activities - continuing operations(603.2)(381.6)Investing activities - discontinued operations361.7 (26.4)Total Investing activities(241.5)(408.0)Financing activities - continuing operations221.7 (624.7)Financing activities - continuing operations— — Total Financing activities221.7 (624.7)Net decrease$(86.6)$(19.1)

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Management's Discussion and Analysis

Cash Flows from Operating Activities 

Continuing Operations

Net cash used by operating activities from continuing operations was $83.7 million for the year ended December 31, 2024, compared to net cash provided by of $979.0 million for the comparable period of 2023. Decreases were a result of cash receipts from customers and cash payments to suppliers and for salaries resulting in a net $1,106.2 million decrease in cash provided by operating activities, partially offset by a decrease in cash paid for debt interest of $23.4 million and a decrease in cash paid for taxes of $7.0 million.

Discontinued Operations

Net cash provided by operating activities from discontinued operations include the Retail Stores business income. 

Cash Flows from Investing Activities

Continuing Operations

Net cash used in investing activities from continuing operations was $603.2 million for the year ended December 31, 2024, compared to $381.6 million in the comparable period of 2023. The increase in cash flows used in investing activities was primarily due to $229.7 million acquisition of H2O Midstream of which $159.7 million was paid in cash, purchase of an additional 0.6% indirect investment in Wink to Webster Pipeline LLC for $18.6 million, a $35.2 million increase in purchases of property, plant and equipment, and a $22.8 million