Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 50

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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4Revenues (1)$36.3 $39.5 $57.4 $61.5 Cost of materials and other (2)$42.9 $48.2 $86.6 $106.0 (1)Consists primarily of asphalt sales which are recorded in the refining segment.(2)Consists primarily of pipeline throughput fees paid by the refining segment and asphalt purchases.

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Notes to Condensed Consolidated Financial Statements (unaudited)

16. Other Current Assets and Liabilities

The detail of other current assets is as follows (in millions):Other Current AssetsJune 30, 2025December 31, 2024Prepaid expenses$80.1 $69.2 Short-term derivative assets (see Note 11)8.4 8.8 Income and other tax receivables6.5 6.7 Other6.8 0.8 Total$101.8 $85.5 The detail of accrued expenses and other current liabilities is as follows (in millions):Accrued Expenses and Other Current LiabilitiesJune 30, 2025December 31, 2024Product financing agreements$335.0 $185.9 Crude purchase liabilities244.1 193.9 Consolidated Net RINs Obligation deficit (see Note 12)120.4 30.6 Income and other taxes payable90.5 101.1 Employee costs60.9 43.2 Deferred revenue10.3 6.9 Short-term derivative liabilities (see Note 11)2.5 5.6 Other92.3 82.3 Total$956.0 $649.5 

17. Restructuring and Other Charges

During the fiscal year 2022, we initiated a cost optimization plan to improve efficiencies and align our workforce with strategic activities and operations. The recorded costs include an accrual of $1.1 million and $10.4 million as of June 30, 2025, and December 31, 2024, respectively. During the second quarter of 2024, we made the decision to idle the Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi biodiesel facilities, while exploring viable and sustainable alternatives. Those alternatives could include restarting if market conditions improve, marketing for sale or permanently closing any of the facilities. Our decision to idle these facilities