Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 167

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 167
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31,20252024Net revenues$— $193.5 Cost of material and other0.5 (158.3)Operating expenses— (24.7)General and administrative expenses(0.8)(3.4)Depreciation and amortization— (3.5)Other operating loss, net(0.1)(0.1)Other income, net— 0.1 (Loss) income from discontinued operations before taxes(0.4)3.6 Income tax (benefit) expense(0.1)0.4 (Loss) income from discontinued operations, net of tax$(0.3)$3.2 

5. Earnings (Loss) Per Share

Basic earnings (loss) per share (or "EPS") is computed by dividing net income (loss) by the weighted average common shares outstanding. Diluted earnings (loss) per share is computed by dividing net income (loss), as adjusted for changes to income that would result from the assumed settlement of the dilutive equity instruments included in diluted weighted average common shares outstanding, by the diluted weighted average common shares outstanding. For all periods presented, we have outstanding various equity-based compensation awards that are considered in our diluted EPS calculation (when to do so would be dilutive), and is inclusive of awards disclosed in Note 18 to these condensed consolidated financial statements. For those instruments that are indexed to our common stock, they are generally dilutive when the market price of the underlying indexed share of common stock is in excess of the exercise price.

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Notes to Condensed Consolidated Financial Statements (unaudited)

The following table sets forth the computation of basic and diluted earnings per share.(In millions, except share and per share data)Three Months Ended March 31,20252024Numerator:Numerator for EPS - continuing operationsNet loss from continuing operations$(158.2)$(28.4)Less: Income from continuing operations attributed to non-controlling interests14.2 7.4 Numerator for basic and diluted EPS from continuing operations attributable to Delek$(172.4)$(35.8)Numerator for EPS - discontinued operations(Loss) income from discontinued operations, including gain on sale of discontinued operations$(0.4)$3.6 Less: Income tax (benefit) expense(0.1)0.4 (Loss) income from discontinued operations, net of tax$(0.3)$3.2 Denominator:Weighted