Delek Logistics Partners L.P. (DKL) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
310 SEVEN SPRINGS WAY BRENTWOOD, TN 37027 |
| State of Incorp. | TN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,755 | 7,970 | 4,292 | 4,243 | 5,545 | 4,522 | |||
| Cash and cash equivalents | 3,755 | 7,970 | 4,292 | 4,243 | 5,545 | 4,522 | |||
| Receivables | 53,314 | 15,384 | 21,608 | 13,204 | 21,586 | ||||
| Inventory, net of allowances, customer advances and progress billings | 2,264 | 1,483 | 2,406 | 3,127 | 12,617 | 5,491 | |||
| Inventory | 2,264 | 1,483 | 2,406 | 3,127 | 12,617 | 5,491 | |||
| Other current assets | 676 | 2,463 | 951 | 331 | 2,204 | 969 | |||
| Other undisclosed current assets | 69,574 | ||||||||
| Total current assets: | 76,269 | 65,230 | 23,033 | 29,309 | 33,570 | 32,568 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 19,043 | 24,788 | 20,933 | 24,199 | 3,745 | ✕ | |||
| Net investment in lease, before allowance for credit loss | ✕ | ||||||||
| Property, plant and equipment | 936,151 | 924,004 | 449,388 | 464,812 | 295,044 | 312,562 | |||
| Long-term investments and receivables | 241,337 | 257,022 | 250,030 | 253,675 | 246,984 | 104,770 | |||
| Long-term investments | 241,337 | 257,022 | 250,030 | 253,675 | 246,984 | 104,770 | |||
| Intangible assets, net (including goodwill) | 355,230 | 391,847 | 166,060 | 172,307 | 12,203 | 166,241 | |||
| Goodwill | 12,203 | 27,051 | 12,203 | 12,203 | 12,203 | 12,203 | |||
| Intangible assets, net (excluding goodwill) | 343,027 | 364,796 | 153,857 | 160,104 | 154,038 | ||||
| Other noncurrent assets | 14,216 | 16,408 | 25,627 | 12,115 | 21,902 | 8,452 | |||
| Other undisclosed noncurrent assets | 130,999 | ||||||||
| Total noncurrent assets: | 1,565,977 | 1,614,069 | 912,038 | 927,108 | 710,877 | 592,025 | |||
| TOTAL ASSETS: | 1,642,246 | 1,679,299 | 935,071 | 956,417 | 744,447 | 624,593 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 16,126 | 70,941 | 18,464 | 14,080 | 24,749 | 18,295 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 5,024 | 2,452 | 2,572 | |||
| Taxes payable | ✕ | ✕ | ✕ | 5,280 | 4,969 | 3,941 | 4,069 | ||
| Accounts payable | 57,403 | 8,160 | 6,659 | 12,471 | 14,226 | ||||
| Accrued liabilities | 16,126 | 13,538 | 5,765 | ||||||
| Debt | 30,000 | 15,000 | 1,435 | ||||||
| Other liabilities | 11,477 | 6,202 | 7,117 | 5,529 | 5,056 | ||||
| Due to related parties | ✕ | ✕ | 6,055 | 64,423 | 8,898 | 7,833 | |||
| Other undisclosed current liabilities | 32,987 | 8,020 | 6,811 | 8,691 | 5,321 | ||||
| Total current liabilities: | 90,590 | 106,218 | 96,815 | 28,300 | 35,082 | 36,505 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,673,789 | 1,646,567 | 913,041 | 1,007,709 | 835,420 | 700,430 | |||
| Long-term debt, excluding current maturities | 1,673,789 | 1,646,567 | 898,970 | 992,291 | 833,110 | 700,430 | |||
| Liabilities, other than long-term debt | 39,736 | 37,214 | 29,207 | 28,709 | 25,064 | 22,481 | |||
| Asset retirement obligations | 10,038 | 9,333 | 6,476 | 6,015 | 5,588 | 5,191 | |||
| Deferred income tax liabilities | 616 | 215 | ✕ | ||||||
| Other liabilities | 21,363 | 15,767 | 22,731 | 22,078 | 19,261 | 17,290 | |||
| Operating lease, liability | 8,335 | 12,114 | 14,071 | 15,418 | 2,310 | ✕ | |||
| Total noncurrent liabilities: | 1,713,525 | 1,683,781 | 942,248 | 1,036,418 | 860,484 | 722,911 | |||
| Total liabilities: | 1,804,115 | 1,789,999 | 1,039,063 | 1,064,718 | 895,566 | 759,416 | |||
| Temporary equity, carrying amount | |||||||||
| Equity | |||||||||
| Other undisclosed liabilities and equity | (161,869) | (110,700) | (103,992) | (108,301) | (151,119) | (134,823) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,642,246 | 1,679,299 | 935,071 | 956,417 | 744,447 | 624,593 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,020,409 | 1,036,407 | 700,902 | 563,418 | 583,992 | 657,609 | ||
| Operating lease, lease income | 193,865 | ✕ | ||||||
| Revenue from related parties | ✕ | ✕ | 479,411 | 418,826 | 382,666 | 261,014 | 240,809 | |
| Cost of revenue | (735,445) | (787,011) | (483,752) | (356,677) | (432,707) | (509,093) | ||
| Cost of goods and services sold | (735,445) | (787,011) | (483,752) | (356,677) | (432,707) | (24,108) | ||
| Gross profit: | 284,964 | 249,396 | 217,150 | 206,741 | 151,285 | 148,516 | ||
| Other operating income (expense), net | 1,266 | 114 | 59 | 66 | (34) | |||
| Other undisclosed operating loss | (47,281) | (39,828) | (26,707) | (27,014) | (25,439) | (22,759) | ||
| Operating income: | 238,949 | 209,682 | 190,502 | 179,793 | 125,812 | 125,757 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 303 | 373 | 119 | (133) | (600) | (8) | ||
| Interest and debt expense | (143,244) | (82,304) | (50,221) | (42,874) | (47,328) | (41,263) | ||
| Income from continuing operations before equity method investments, income taxes: | 96,008 | 127,751 | 140,400 | 136,786 | 77,884 | 84,486 | ||
| Income from equity method investments | 31,433 | 31,683 | 24,575 | 22,693 | 19,832 | 6,230 | ||
| Other undisclosed income from continuing operations before income taxes | ||||||||
| Income from continuing operations before income taxes: | 127,441 | 159,434 | 164,975 | 159,479 | 97,716 | 90,716 | ||
| Income tax expense | (1,205) | (382) | (153) | (223) | (967) | (534) | ||
| Income from continuing operations: | 126,236 | 159,052 | 164,822 | 159,256 | 96,749 | 90,182 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 164,822 | 159,256 | 96,749 | 90,182 | |
| Net income attributable to parent: | 126,236 | 159,052 | 164,822 | 159,256 | 96,749 | 90,182 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | 13,881 | (338) | (13,568) | 20,616 | 11,708 | |||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net income available to common stockholders, diluted: | 126,236 | 172,933 | 164,484 | 145,688 | 117,365 | 101,890 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 126,236 | 159,052 | 164,822 | 159,256 | 96,749 | 90,182 | ||
| Comprehensive income, net of tax, attributable to parent: | 126,236 | 159,052 | 164,822 | 159,256 | 96,749 | 90,182 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.