Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 0

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
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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)

September 30, 2025December 31, 2024ASSETS  Current assets: Cash and cash equivalents$630.9 $735.6 Accounts receivable, net667.2 617.6 Inventories, net of inventory valuation reserves769.3 893.2 Other current assets278.4 85.5 Total current assets2,345.8 2,331.9 Property, plant and equipment:  Property, plant and equipment5,458.8 4,948.4 Less: accumulated depreciation(2,227.7)(2,008.4)Property, plant and equipment, net3,231.1 2,940.0 Operating lease right-of-use assets74.5 92.2 Goodwill475.3 475.3 Other intangibles, net409.3 321.6 Equity method investments419.6 392.9 Other non-current assets125.3 111.9 Total assets$7,080.9 $6,665.8 LIABILITIES AND STOCKHOLDERS’ EQUITY  Current liabilities:  Accounts payable$1,755.2 $1,813.8 Current portion of long-term debt9.5 9.5 Current portion of operating lease liabilities30.2 43.2 Accrued expenses and other current liabilities920.3 649.5 Total current liabilities2,715.2 2,516.0 Non-current liabilities:  Long-term debt, net of current portion3,167.8 2,755.7 Obligation under Inventory Intermediation Agreement331.2 408.7 Environmental liabilities, net of current portion31.3 33.3 Asset retirement obligations33.0 24.7 Deferred tax liabilities213.9 214.8 Operating lease liabilities, net of current portion47.0 54.8 Other non-current liabilities96.7 82.6 Total non-current liabilities3,920.9 3,574.6 Stockholders’ equity:  Preferred stock, $0.01 par value, 10,000,000 shares authorized