Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 283

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 283
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urchase our stock, make new investments and incur new liens (among others). Such restrictions would generally remain in place until such a quarter that we return to compliance under the applicable incurrence based covenants. In the event that we are subject to these incremental restrictions, we believe that we have sufficient current and alternative sources of liquidity, including (but not limited to): available borrowings under our existing Delek Revolving Credit Facility, and for Delek Logistics, under its Delek Logistics Revolving Facility; the allowance to incur an additional $400.0 million of secured debt under the Delek Term Loan Credit Facility (see further discussion of these facilities in Note 10 of our condensed consolidated financial statements in Item 1. Financial Statements, of this Quarterly Report on Form 10-Q); as well as the possibility of obtaining other secured and unsecured debt, raising capital through equity issuance, or taking advantage of transactional financing opportunities such as sale-leasebacks or joint ventures, as otherwise contemplated and allowed under our incurrence covenants.

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Management's Discussion and Analysis

Cash Flows 

The following table sets forth a summary of our consolidated cash flows (in millions):

Consolidated Nine Months Ended September 30, 20252024Cash Flow Data:  Operating activities - continuing operations$34.4 $78.9 Operating activities - discontinued operations(1.4)17.8 Total Operating activities 33.0 96.7 Investing activities - continuing operations(581.0)(387.4)Investing activities - discontinued operations— 361.7 Total Investing activities(581.0)(25.7)Financing activities - continuing operations443.3 144.4 Total Financing activities443.3 144.4 Net (decrease) increase$(104.7)$215.4 

Cash Flows from Operating Activities 

Continuing Operations

Net cash provided by operating activities from continuing operations was $34.4 million for the nine months ended September 30, 2025, compared to net cash provided of $78.9 million for the comparable period of 2024. The decreases were a result of cash receipts from customers and cash payments to suppliers and for salaries resulting in a net $271.3 million decrease in cash provided by operating activities and an increase in cash paid for debt interest of $26.2 million.

Cash Flows from Investing Activities

Continuing Operations

Net cash used in investing activities from continuing operations was $581