Delek US Holdings, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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, 2026 · Filed Nov 6, 2026
DK$62.64-3.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $1,141.6 | $(53.8) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 330.4 | 296.7 |
| Non-cash lease expense | 17.8 | 31.9 |
| Deferred income taxes | 133.5 | (13.7) |
| Asset impairment | — | 16.3 |
| Income from equity method investments | (59.2) | (66.7) |
| Dividends from equity method investments | 34.2 | 27.9 |
| Non-cash lower of cost or market/net realizable value adjustment | (8.1) | 39.2 |
| Loss on extinguishment of debt | 23.5 | — |
| Equity-based and non-cash compensation expense | 21.5 | 65.6 |
| Loss (income) from discontinued operations | 0.2 | 1.4 |
| Other | 16.5 | 13.7 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (352.1) | (39.6) |
| Inventories and other current assets | (345.1) | 58.7 |
| Fair value of derivatives | 69.0 | (15.2) |
| Accounts payable and other current liabilities | 272.4 | (235.9) |
| Obligation under Inventory Intermediation Agreements | 10.0 | (77.5) |
| Non-current assets and liabilities, net | (14.5) | (14.6) |
| Cash provided by (used in) operating activities - continuing operations | 1,291.6 | 34.4 |
| Cash (used in) provided by operating activities - discontinued operations | (0.2) | (1.4) |
| Net cash provided by (used in) operating activities | 1,291.4 | 33.0 |
| Cash flows from investing activities: | ||
| Business combination, net of cash acquired | — | (181.2) |
| Distributions from equity method investments | 8.3 | 12.1 |
| Purchases of property, plant and equipment | (472.8) | (409.5) |
| Purchases of intangible assets | (12.2) | (9.0) |
| Proceeds from sale of property, plant and equipment | 0.2 | 5.1 |
| Insurance and settlement proceeds | — | 10.3 |
| Other | (6.5) | (8.8) |
| Net cash used in investing activities | (483.0) | (581.0) |
| Cash flows from financing activities: | ||
| Proceeds from long-term revolvers | 6,833.3 | 7,526.7 |
| Payments on long-term revolvers | (7,045.2) | (7,805.3) |
| Proceeds from term debt | 2,110.0 | 700.0 |
| Payments on term debt | (1,723.6) | (7.1) |
| Proceeds from product and other financing agreements | 749.1 | 1,703.7 |
| Repayments of product and other financing agreements | (926.1) | (1,486.9) |
| Repurchase of common stock | (70.0) | (59.4) |
| Distribution to non-controlling interest | (66.7) | (65.2) |
| Purchase of capped call transactions | (34.3) | — |
| Delek Logistics equity offerings and related adjustments | 220.2 | — |
| Dividends paid | (46.8) | (46.7) |
| Deferred financing costs paid | (44.7) | (10.9) |
| Other | (54.3) | (5.6) |
| Net cash (used in) provided by financing activities | (99.1) | 443.3 |
| Net increase (decrease) in cash and cash equivalents | 709.3 | (104.7) |
| Cash and cash equivalents at the beginning of the period | 625.8 | 735.6 |
| Cash and cash equivalents at the end of the period | 1,335.1 | 630.9 |
Condensed Consolidated Statements of Cash Flows (unaudited) (Continued)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosures of cash flow information: | ||
| Cash paid (received) during the period for: | ||
| Interest, net of capitalized interest of $9.3 million and $9.6 million in the 2026 and 2025 periods, respectively | $234.5 | 259.7 |
| Income taxes, net of refunds | $67.3 | $1.0 |
| Non-cash investing activities: | ||
| Delek Logistics common units issued in connection with Gravity Acquisition | $— | $91.5 |
| Increase (decrease) in accrued capital expenditures | $(17.6) | $(22.3) |
| Non-cash financing activities: | ||
| Non-cash lease liability arising from obtaining right-of-use assets during the period | $18.1 | $47.3 |
| Non-cash right of use asset decrease due to lease termination during the period | $— | $(1.7) |
8 |
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