Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 68

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 millions)RefiningLogisticsCorporate,Other and Eliminations (3)ConsolidatedNet revenues (excluding intercompany fees and revenues)$2,921.6 $112.5 $— $3,034.1 Inter-segment fees and revenues (1)186.7 139.6 (232.4)93.9 Total revenues$3,108.3 $252.1 $(232.4)$3,128.0 Cost of materials and other2,839.9 123.7 (230.7)2,732.9 Operating Expenses165.8 31.9 17.2 214.9 General and administrative expenses4.1 4.9 52.0 61.0 Income from equity method investments(4.0)(8.5)(9.4)(21.9)Other(2.6)0.4 7.3 5.1 Segment EBITDA attributable to Delek$105.1 $99.7 $(68.8)$136.0 Depreciation and amortization61.4 26.5 3.8 91.7 Interest expense, net12.1 40.3 35.3 87.7 Income tax benefit(7.6)Income from discontinued operations, net of tax(3.2)Net income attributable to Delek$(32.6)Capital spending (2)$21.5 $15.2 $5.1 $41.8 (1) Intercompany fees and sales for the refining segment include revenues of $93.9 million during the three months ended March 31, 2024, to the Retail Stores, the operations of which are reported in discontinued operations.(2) Capital spending includes additions on an accrual basis. Capital spending excludes capital spending associated with the Retail Stores of $4.1 million during the three months ended March 31, 2024.(3) The corporate, other and eliminations segment operating results for the three months ended March 31, 2024 have been restated to reflect the reclassification of the Retail Stores to discontinued operations.

14 |

Notes to Condensed Consolidated Financial Statements (unaudited)

4.  Discontinued Operations

On July 31, 2024, a wholly owned subsidiary of Delek, entered into the Retail Purchase Agreement with a subsidiary of FEMSA.