Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 29

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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As of September 30, 2025As of December 31, 2024ASSETS  Cash and cash equivalents$6.9 $5.4 Accounts receivable91.8 54.7 Accounts receivable from related parties242.4 33.3 Lease receivable - affiliate21.6 22.8 Inventory18.6 5.4 Other current assets1.4 24.2 Property, plant and equipment, net1,418.8 1,064.3 Equity method investments 325.8 317.2 Operating lease right-of-use assets12.8 16.7 Goodwill12.2 12.2 Intangible assets, net372.8 281.5 Net lease investment - affiliate186.6 193.1 Other non-current assets35.5 10.8 Total assets$2,747.2 $2,041.6 LIABILITIES AND EQUITYAccounts payable$308.4 $41.4 Current portion of operating lease liabilities3.5 5.3 Accrued expenses and other current liabilities58.3 42.1 Long-term debt, net of current portion2,288.3 1,875.4 Asset retirement obligations23.4 15.6 Operating lease liabilities, net of current portion4.1 6.0 Other non-current liabilities43.7 20.3 Equity17.5 35.5 Total liabilities and equity$2,747.2 $2,041.6 

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Notes to Condensed Consolidated Financial Statements (unaudited)

7.  Equity Method Investments 

Delek Logistics InvestmentsDelek Logistics has a 50% investment in HoldCo which includes a 15.6% indirect interest in the WWP joint venture and related joint venture indebtedness. HoldCo was originally formed by Delek and MPLX Operations LLC ("MPLX") to obtain financing and fund capital calls associated with our collective and contributed interests in the WWP joint venture. We had previously determined that HoldCo is a VIE. While we have the ability to exert significant influence through participation in board and management committees, we are not the primary beneficiary since we do not have a controlling financial interest in HoldCo, and no single party has the power to direct the activities that most significantly impact HoldCo's economic performance. D