Delek Logistics Partners LP
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
DKL$51.77+1.0%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except unit and per unit data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $7,317 | $3,755 |
| Accounts receivable | 48,173 | 41,131 |
| Accounts receivable from related parties | — | 28,443 |
| Lease receivable - affiliate | 23,852 | — |
| Inventory | 4,632 | 2,264 |
| Other current assets | 1,967 | 676 |
| Total current assets | 85,941 | 76,269 |
| Property, plant and equipment: | ||
| Property, plant and equipment | 1,480,553 | 1,320,510 |
| Less: accumulated depreciation | (440,557) | (384,359) |
| Property, plant and equipment, net | 1,039,996 | 936,151 |
| Equity method investments | 322,745 | 241,337 |
| Customer relationship intangible, net | 191,655 | 181,336 |
| Marketing contract intangible, net | — | 102,155 |
| Other intangibles, net | 95,538 | 59,536 |
| Goodwill | 12,203 | 12,203 |
| Operating lease right-of-use assets | 15,222 | 19,043 |
| Net lease investment - affiliate | 186,361 | — |
| Other non-current assets | 11,062 | 14,216 |
| Total assets | $1,960,723 | $1,642,246 |
| LIABILITIES AND DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $35,683 | $26,290 |
| Accounts payable to related parties | 442 | — |
| Current portion of long-term debt | — | 30,000 |
| Interest payable | 15,559 | 5,805 |
| Excise and other taxes payable | 7,641 | 10,321 |
| Current portion of operating lease liabilities | 5,371 | 6,697 |
| Accrued expenses and other current liabilities | 4,886 | 11,477 |
| Total current liabilities | 69,582 | 90,590 |
| Non-current liabilities: | ||
| Long-term debt, net of current portion | 1,894,257 | 1,673,789 |
| Operating lease liabilities, net of current portion | 5,820 | 8,335 |
| Asset retirement obligations | 15,453 | 10,038 |
| Other non-current liabilities | 20,719 | 21,363 |
| Total non-current liabilities | 1,936,249 | 1,713,525 |
| Preferred units - 70,000 units issued and outstanding at September 30, 2024 | 70,000 | — |
| Equity (Deficit): | ||
| Common unitholders - public; 12,932,311 units issued and outstanding at September 30, 2024 (9,299,763 at December 31, 2023) | 282,458 | 160,402 |
| Common unitholders - Delek Holdings; 34,111,278 units issued and outstanding at September 30, 2024 (34,311,278 at December 31, 2023) | (397,566) | (322,271) |
| Total deficit | (115,108) | (161,869) |
| Total liabilities, preferred units and deficit | $1,960,723 | $1,642,246 |
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