Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 92

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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 agreements$237.2 $185.9 Crude purchase liabilities191.9 193.9 Income and other taxes payable93.1 101.1 Consolidated Net RINs Obligation deficit (see Note 12)61.6 30.6 Employee costs31.3 43.2 Deferred revenue17.9 6.9 Short-term derivative liabilities (see Note 11)0.1 5.6 Other75.2 82.3 Total$708.3 $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 $3.9 million and $10.4 million as of March 31, 2025 and December 31, 2024, respectively. We anticipate concluding our restructuring activities by the end of fiscal year 2026. Future cost estimates for these initiatives are continuing to be developed.The detail of restructuring costs is as follows (in millions):Three Months Ended March 31, 2025Type of CostsStatement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedConsulting fees, severance costs and equity based compensationGeneral and administrative expenses$— $— $7.5 $7.5 Severance costs and equity based compensationOperating expenses0.3 — 0.6 0.9 Total$0.3 $— $8.1 $8.4 

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Notes to Condensed Consolidated Financial Statements (unaudited)

Three Months Ended March 31, 2024Type of CostsStatement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedConsulting fees and severance costsGeneral and administrative expenses$— $— $3.2 $3.2 Total$— $— $3.2 $3.2 

18. Equity-Based Compensation

 Delek US Holdings, Inc. 2006 and 2016 and Alon USA Energy, Inc. 2005 Long-Term Incentive Plans (collectively, the "Incentive Plans")Compensation expense related to equity-based awards granted under the Incentive Plans amounted to $5.9 million and $6.2 million for the three months ended March