Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 149

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 149
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ITEM 1. FINANCIAL STATEMENTS

Delek US Holdings, Inc.

Condensed Consolidated Balance Sheets (unaudited)

(In millions, except share and per share data)

March 31, 2025December 31, 2024ASSETS  Current assets: Cash and cash equivalents$623.8 $735.6 Accounts receivable, net648.8 617.6 Inventories, net of inventory valuation reserves852.5 893.2 Other current assets89.8 85.5 Total current assets2,214.9 2,331.9 Property, plant and equipment:  Property, plant and equipment5,283.6 4,948.4 Less: accumulated depreciation(2,096.5)(2,008.4)Property, plant and equipment, net3,187.1 2,940.0 Operating lease right-of-use assets89.3 92.2 Goodwill475.3 475.3 Other intangibles, net402.6 321.6 Equity method investments396.8 392.9 Other non-current assets116.1 111.9 Total assets$6,882.1 $6,665.8 LIABILITIES AND STOCKHOLDERS’ EQUITY  Current liabilities:  Accounts payable$1,833.9 $1,813.8 Current portion of long-term debt9.5 9.5 Current portion of operating lease liabilities40.2 43.2 Accrued expenses and other current liabilities708.3 649.5 Total current liabilities2,591.9 2,516.0 Non-current liabilities:  Long-term debt, net of current portion3,025.8 2,755.7 Obligation under Inventory Intermediation Agreement433.6 408.7 Environmental liabilities, net of current portion32.3 33.3 Asset retirement obligations32.5 24.7 Deferred tax liabilities191.0 214.8 Operating lease liabilities, net of current portion54.2 54.8 Other non-current liabilities91.4 82.6 Total non-current liabilities3,860.8 3,574.6 Stockholders’ equity:  Preferred stock, $0.01 par value, 10,000,000 shares authorized