Delek US Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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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.
Jun 30, 2024 · Filed Aug 7, 2024
DK$62.64-3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income (unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenues | $3,421.7 | $4,195.6 | $6,649.3 | $8,119.9 |
| Cost of sales: | ||||
| Cost of materials and other | 3,099.4 | 3,766.6 | 5,896.7 | 7,206.2 |
| Operating expenses (excluding depreciation and amortization presented below) | 185.1 | 188.7 | 398.9 | 359.5 |
| Depreciation and amortization | 80.7 | 82.6 | 167.1 | 159.4 |
| Total cost of sales | 3,365.2 | 4,037.9 | 6,462.7 | 7,725.1 |
| Operating expenses related to retail and wholesale business (excluding depreciation and amortization presented below) | 26.3 | 31.1 | 52.1 | 58.1 |
| General and administrative expenses | 63.1 | 75.8 | 127.5 | 147.3 |
| Depreciation and amortization | 11.4 | 6.8 | 20.2 | 13.4 |
| Asset impairment | 22.1 | — | 22.1 | — |
| Other operating income, net | (79.9) | (6.1) | (81.5) | (16.9) |
| Total operating costs and expenses | 3,408.2 | 4,145.5 | 6,603.1 | 7,927.0 |
| Operating income | 13.5 | 50.1 | 46.2 | 192.9 |
| Interest expense, net | 77.7 | 80.4 | 165.4 | 156.9 |
| Income from equity method investments | (30.4) | (25.5) | (52.3) | (40.1) |
| Other expense (income), net | — | 0.5 | (0.7) | (6.6) |
| Total non-operating expense, net | 47.3 | 55.4 | 112.4 | 110.2 |
| (Loss) income before income tax (benefit) expense | (33.8) | (5.3) | (66.2) | 82.7 |
| Income tax (benefit) expense | (7.7) | (3.8) | (14.9) | 12.0 |
| Net (loss) income | (26.1) | (1.5) | (51.3) | 70.7 |
| Net income attributed to non-controlling interests | 11.1 | 6.8 | 18.5 | 14.7 |
| Net (loss) income attributable to Delek | $(37.2) | $(8.3) | $(69.8) | $56.0 |
| Basic (loss) income per share | $(0.58) | $(0.13) | $(1.09) | $0.84 |
| Diluted (loss) income per share | $(0.58) | $(0.13) | $(1.09) | $0.84 |
| Weighted average common shares outstanding: | ||||
| Basic | 64,213,899 | 65,773,609 | 64,117,943 | 66,359,537 |
| Diluted | 64,213,899 | 65,773,609 | 64,117,943 | 66,835,322 |
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