Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 27

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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each such repurchase, a “Repurchase”). The purchase price per common unit in each Repurchase will be the 30-day volume weighted average price of the common units at the close of trading on the day prior to the closing date, subject to certain limitations set forth in the Common Unit Purchase Agreement.  During the six months ended June 30, 2025, 243,075 common units were repurchased from us and cancelled at the time of the transaction for a total of $10.0 million.  No common units were repurchased for the six months ended June 30, 2024.  As of June 30, 2025, there was $140.0 million of authorization remaining under the Common Unit Repurchase Agreement.

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Notes to Condensed Consolidated Financial Statements (unaudited)

Consolidated VIEDelek Logistics is a VIE, as defined under GAAP, and is consolidated into our condensed consolidated financial statements, representing our logistics segment. The assets of Delek Logistics can only be used to settle its own obligations, and its creditors have no recourse to our assets. Exclusive of intercompany balances, and prior to August 5, 2024, the marketing agreement intangible asset between Delek Logistics and Delek which are eliminated in consolidation, the Delek Logistics condensed consolidated balance sheets are included in the condensed consolidated balance sheets of Delek. The Delek Logistics condensed consolidated balance sheets are presented below (in millions):As of June 30, 2025As of December 31, 2024ASSETS  Cash and cash equivalents$1.4 $5.4 Accounts receivable97.5 54.7 Accounts receivable from related parties272.5 33.3 Lease receivable - affiliate19.6 22.8 Inventory17.1 5.4 Other current assets1.7 24.2 Property, plant and equipment, net1,403.8 1,064.3 Equity method investments 320.2 317.2 Operating lease right-of-use assets14.3 16.7 Goodwill12.2 12.2 Intangible assets, net378.2 281.5 Net lease investment - affiliate188.1 193.1 Other non-current assets26.3 10.8 Total assets$2,752.9 $2,041.6 LIABILITIES AND EQUITYAccounts