Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 201

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 201
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56.7)Income from discontinued operations, net of tax(78.2)Net loss attributable to Delek$(146.6)Nine Months Ended September 30, 2024RefiningLogisticsCorporate,Other and EliminationsConsolidatedDepreciation and amortization$194.8 $74.9 $8.5 $278.2 Interest expense, net$47.1 $89.1 $107.9 $244.1 Income from equity method investments$(25.8)$(32.0)$(19.6)$(77.4)Capital spending (2)$126.2 $90.6 $17.8 $234.6 (1) Corporate expenses, eliminations and other represents corporate costs that are not allocated to the operating segments, inter-segment cost eliminations, and other unallocated shared service functions. “Corporate expenses, eliminations and other” are included in the tables above to reconcile total Segment EBITDA attributable to Delek to the Company’s consolidated loss before income taxes.(2) Capital spending includes additions on an accrual basis. Capital spending excludes capital spending associated with the Retail Stores of $3.4 million and $14.0 million during the three and nine months ended September 30, 2024, respectively.(3) Other segment items include asset impairment, other operating (income) expense, net, and other (income) expense, net.(4) Other segment items for the three and nine months ended September 30, 2024, includes a $22.1 million impairment charge related to the idling of the biodiesel facilities for the Refining segment. Refer to Note 17- Restructuring and Other Charges for further information.

4.  Discontinued Operations

On July 31, 2024, a wholly-owned subsidiary of Delek entered into the Retail Purchase Agreement with a subsidiary of FEMSA. Under the terms of the Retail Purchase Agreement, Delek agreed to sell, and FEMSA agreed to purchase, 100% of the equity interests in four of Delek’s wholly-owned subsidiaries that owned and operated 249 Retail Stores under the Delek US Retail brand. As a result of the Retail Purchase Agreement, we met the requirements of ASC 205-20 and ASC 360, to report the results of the Retail Stores as discontinued operations and to classify the Retail Stores as a group of discontinued operations assets. The fair value assessment of the Retail Stores as