Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 153

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 153
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 — (15.7)Equity-based compensation expense— — 7.0 — — — — 0.2 7.2 Distributions to non-controlling interests— — — — — — — (9.8)(9.8)Taxes paid due to the net settlement of equity-based compensation— — (0.5)— — — — (0.3)(0.8)Exercise of equity-based awards44,374 — — — — — — — — Equity attributable to issuance of Delek Logistic common limited partner units, net of tax— — 50.5 — — — — 68.4 118.9 Other41,771 — 1.2 — (0.2)— — (0.2)0.8 Balance at March 31, 202481,626,016 $0.8 $1,171.8 $(4.8)$381.5 (17,575,527)$(694.1)$179.9 $1,035.1 

See accompanying notes to the condensed consolidated financial statements

6 |

Financial Statements

Delek US Holdings, Inc.

Condensed Consolidated Statements of Cash Flows (unaudited)

(In millions)

Three Months Ended March 31,20252024Cash flows from operating activities:Net loss$(158.5)$(25.2)Adjustments to reconcile net loss to net cash (used in) provided by operating activities:Depreciation and amortization101.3 91.7 Non-cash lease expense6.5 12.9 Deferred income taxes(36.9)(8.1)Income from equity method investments(13.3)(21.9)Dividends from equity method investments7.3 9.5 Non-cash lower of cost or market/net realizable value adjustment0.2 (8.8)Loss on extinguishment of debt— 3.6 Equity-based compensation expense6.9 7.2 (Loss) income from discontinued operations0.3 (3.2)Other (2.1)(0.2)Changes in assets and liabilities:Accounts receivable(17.9)(48.0)Inventories and other current assets12.