Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 150

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 150
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, no shares issued and outstanding— — Common stock, $0.01 par value, 110,000,000 shares authorized, 78,208,023 shares and 80,127,994 shares issued at March 31, 2025 and December 31, 2024, respectively0.8 0.8 Additional paid-in capital1,248.2 1,215.9 Accumulated other comprehensive loss(4.1)(4.1)Treasury stock, 17,575,527 shares, at cost, at March 31, 2025 and December 31, 2024, respectively(694.1)(694.1)Retained earnings(395.4)(205.7)Non-controlling interests in subsidiaries274.0 262.4 Total stockholders’ equity429.4 575.2 Total liabilities and stockholders’ equity$6,882.1 $6,665.8 

See accompanying notes to the condensed consolidated financial statements

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Financial Statements

Delek US Holdings, Inc.

Condensed Consolidated Statements of Income (unaudited)

(In millions, except share and per share data)

Three Months Ended March 31, 20252024Net revenues$2,641.9 $3,128.0 Cost of sales: Cost of materials and other2,399.5 2,732.9 Operating expenses (excluding depreciation and amortization presented below)211.1 213.8 Depreciation and amortization95.0 86.4 Total cost of sales2,705.6 3,033.1 Operating expenses related to wholesale business (excluding depreciation and amortization presented below)1.3 1.1 General and administrative expenses61.5 61.0 Depreciation and amortization6.3 5.3 Other operating income, net(7.0)(1.7)Total operating costs and expenses2,767.7 3,098.8 Operating (loss) income(125.8)29.2 Interest expense, net84.1 87.7 Income from equity method investments(13.3)(21.9)Other income, net(1.6)(0.6)Total non-operating expense, net69.2 65.2 Loss from continuing operations before income tax benefit(195.0)(36.0)