Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 101

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 101
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 otherwise contemplated and allowed under our incurrence covenants.

67 |

Management's Discussion and Analysis

Cash Flows 

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

Consolidated Six Months Ended June 30, 20252024Cash Flow Data:  Operating activities - continuing operations$(9.9)$101.0 Operating activities - discontinued operations(1.1)17.3 Total Operating activities (11.0)118.3 Investing activities - continuing operations(477.6)(89.0)Investing activities - discontinued operations— (15.1)Total Investing activities(477.6)(104.1)Financing activities - continuing operations368.5 (178.5)Total Financing activities368.5 (178.5)Net decrease$(120.1)$(164.3)

Cash Flows from Operating Activities 

Continuing Operations

Net cash used by operating activities from continuing operations was $9.9 million for the six months ended June 30, 2025, compared to net cash provided by of $101.0 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 $90.2 million decrease in cash provided by operating activities and an increase in cash paid for debt interest of $18.4 million.

Cash Flows from Investing Activities

Continuing Operations

Net cash used in investing activities from continuing operations was $477.6 million for the six months ended June 30, 2025, compared to $89.0 million in the comparable period of 2024. The increase in cash flows used in investing activities was primarily due to the $300.8 million acquisition of Gravity of which $186.5 million was paid in cash, $183.3 million increase in purchases of property, plant and equipment and a reduction in insurance and settlement proceeds of $11.8 million.

Cash Flows from Financing Activities

Continuing Operations

Net cash provided by financing activities from continuing operations was $368.5 million for the six months ended June 30, 2025, compared to cash used of $178.5 million in the comparable 2024 period. The decrease in cash used was primarily due to net payments on long-term revolvers of $354.6 million for the six months ended June 30, 2025 compared to net payments of $450.3 million in the comparable