Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 18

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 18
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1 Gross margin$(92.6)$41.2 Add back (items included in cost of sales): Operating expenses (excluding depreciation and amortization)158.1 165.8 Depreciation and amortization71.9 61.4 Refining margin$137.4 $268.4 

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Management's Discussion and Analysis

Summary Financial and Other Information

The following table provides summary financial data for Delek (in millions):

Summary Statement of Operations Data (1)Three Months Ended March 31,20252024Net revenues$2,641.9 $3,128.0 Cost of sales: Cost of materials and other2,399.5 2,732.9 Operating expenses (excluding depreciation and amortization presented below)211.1 213.8 Depreciation and amortization95.0 86.4 Total cost of sales2,705.6 3,033.1 Operating expenses related to wholesale business (excluding depreciation and amortization presented below)1.3 1.1 General and administrative expenses61.5 61.0 Depreciation and amortization6.3 5.3 Other operating income, net(7.0)(1.7)Total operating costs and expenses2,767.7 3,098.8 Operating (loss) income(125.8)29.2 Interest expense, net84.1 87.7 Income from equity method investments(13.3)(21.9)Other income, net(1.6)(0.6)Total non-operating expenses, net69.2 65.2 Loss from continuing operations before income tax benefit(195.0)(36.0)Income tax benefit(36.8)(7.6)Loss from continuing operations, net of tax(158.2)(28.4)Discontinued operations:(Loss) income from discontinued operations(0.4)3.6 Income tax (benefit) expense(0.1)0.4 (Loss) income from discontinued operations, net of tax(0.3)3.2 Net loss(158.5)(25.2)Net income attributed to non-controlling interests14.2 7.4 Net loss attributable to Delek$(172.7)$(32.6)

(1) This information is presented at a summary level for your reference. See the Cond