Delek US Holdings, Inc. (DK) Financial Statements (2024 and earlier)

Company Profile

Business Address 310 SEVEN SPRINGS WAY
BRENTWOOD, TN 37027
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2911 - Petroleum Refining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8418577889551,079932
Cash and cash equivalents8418577889551,079932
Receivables1,234777528793514582
Inventory, net of allowances, customer advances and progress billings1,5191,176728947691808
Inventory1,5191,176728947691808
Disposal group, including discontinued operation      160
Other current assets123126256269136130
Total current assets:3,7172,9352,3002,9632,4202,612
Noncurrent Assets
Operating lease, right-of-use asset180209182184
Property, plant and equipment2,7762,3072,3672,4282,1952,141
Long-term investments and receivables360344364407130138
Long-term investments360344364407130138
Intangible assets, net (including goodwill)1,060832838966962918
Goodwill744730730856858817
Intangible assets, net (excluding goodwill)316103108110104101
Other noncurrent assets100101846853127
Total noncurrent assets:4,4763,7933,8354,0533,3403,323
TOTAL ASSETS:8,1936,7286,1347,0165,7615,935
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7461,6951,1441,6001,010973
Accounts payable1,7461,6951,1441,6001,010973
Debt7592337732590
Accrued environmental loss contingencies335   
Disposal group, including discontinued operation      106
Due to related parties    22
Other liabilities1,167798546347308565
Other undisclosed current liabilities96539174333313436
Total current liabilities:3,0863,1271,9032,3561,6642,672
Noncurrent Liabilities
Long-term debt and lease obligation2,9792,2782,4472,1751,751875
Long-term debt, excluding current maturities2,9792,1262,3152,0311,751875
Liabilities, other than long-term debt566376434505278224
Asset retirement obligations423838697672
Deferred income tax liabilities267196256268
Accrued environmental loss contingencies11211010713814069
Other liabilities243234316383
Operating lease, liability122152132144
Other undisclosed noncurrent liabilities492 225145260200
Total noncurrent liabilities:4,0372,6543,1062,8252,2891,299
Total liabilities:7,1235,7815,0095,1813,9533,971
Equity
Equity, attributable to parent, including:9448281,0071,6661,6331,964
Common stock111111
Treasury stock, value(694)(694)(694)(692)(514)(25)
Additional paid in capital1,1341,2071,1851,1521,135900
Accumulated other comprehensive income (loss)(5)(4)(7)0297
Retained earnings5083185221,206982768
Other undisclosed equity, attributable to parent      314
Equity, attributable to noncontrolling interest126120118169176 
Total equity:1,0709481,1251,8351,8081,964
TOTAL LIABILITIES AND EQUITY:8,1936,7286,1347,0165,7615,935

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues20,24610,6487,3029,29810,2337,267
Revenue, net7,267
Cost of revenue(19,321)(10,476)(7,545)(8,408)(9,260)(6,482)
Cost of goods and services sold(18,619)(9,979)(7,083)(7,828)(161)(6,328)
Gross profit:925172(243)890973785
Operating expenses(341)(229)(248)  (599)
Other operating income (expense), net135113331(1)
Other undisclosed operating income (loss)(107)(123)(250)(400)(392)1
Operating income (loss):490(130)(728)492612186
Nonoperating income (expense)(135)(103)(35)(90)(126)113
Other nonoperating income (expense)3164(4)7 
Interest and debt expense (137)(129)(131)(9)(94)
Income (loss) from continuing operations before equity method investments, income taxes:354(370)(892)272476206
Other undisclosed income from continuing operations before income taxes 137129131994
Income (loss) from continuing operations before income taxes:354(233)(763)403486299
Income tax expense (benefit)(64)63193(72)(102)29
Income (loss) from continuing operations:291(171)(570)331384329
Income (loss) before gain (loss) on sale of properties:(171)(570)336375323
Income (loss) from discontinued operations    5(9)(6)
Net income (loss):291(171)(570)336375323
Net loss attributable to noncontrolling interest(33)(33)(38)(26)(35)(34)
Net income (loss) available to common stockholders, basic:257(204)(608)311340289
Interest on convertible debt     3 
Net income (loss) available to common stockholders, diluted:257(204)(608)311343289

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):291(171)(570)336375323
Other comprehensive income (loss)(1)3(7)(29)(5) 
Comprehensive income (loss):289(167)(578)308370323
Comprehensive loss, net of tax, attributable to noncontrolling interest(33)(33)(38)(26)(35)(34)
Other undisclosed comprehensive income, net of tax, attributable to parent     2528
Comprehensive income (loss), net of tax, attributable to parent:256(200)(615)282360317

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.

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