Delek US Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenues | $3,042.4 | $4,628.8 | $9,478.5 | $12,525.1 |
| Cost of sales: | ||||
| Cost of materials and other | 2,788.7 | 4,049.4 | 8,547.1 | 11,111.2 |
| Operating expenses (excluding depreciation and amortization presented below) | 181.4 | 217.7 | 580.3 | 577.2 |
| Depreciation and amortization | 92.5 | 83.7 | 259.6 | 243.1 |
| Total cost of sales | 3,062.6 | 4,350.8 | 9,387.0 | 11,931.5 |
| Operating expenses related to wholesale business (excluding depreciation and amortization presented below) | 3.7 | (3.7) | 5.7 | 3.9 |
| General and administrative expenses | 70.4 | 67.7 | 191.6 | 208.0 |
| Depreciation and amortization | 5.6 | 4.0 | 18.6 | 12.1 |
| Asset impairment | 9.2 | — | 31.3 | — |
| Other operating expense (income), net | 12.8 | (2.1) | (67.6) | (19.0) |
| Total operating costs and expenses | 3,164.3 | 4,416.7 | 9,566.6 | 12,136.5 |
| Operating (loss) income | (121.9) | 212.1 | (88.1) | 388.6 |
| Interest expense, net | 78.8 | 82.4 | 244.1 | 239.1 |
| Income from equity method investments | (25.1) | (27.0) | (77.4) | (67.1) |
| Other (income) expense, net | (0.5) | 2.0 | (1.1) | (4.6) |
| Total non-operating expense, net | 53.2 | 57.4 | 165.6 | 167.4 |
| (Loss) income from continuing operations before income tax (benefit) expense | (175.1) | 154.7 | (253.7) | 221.2 |
| Income tax (benefit) expense | (40.3) | 29.1 | (56.7) | 38.3 |
| (Loss) income from continuing operations, net of tax | (134.8) | 125.6 | (197.0) | 182.9 |
| Discontinued operations: | ||||
| Income from discontinued operations, including gain on sale of discontinued operations | 95.4 | 12.9 | 107.8 | 29.1 |
| Income tax expense | 28.1 | 2.4 | 29.6 | 5.2 |
| Income from discontinued operations, net of tax | 67.3 | 10.5 | 78.2 | 23.9 |
| Net (loss) income | (67.5) | 136.1 | (118.8) | 206.8 |
| Net income attributable to: | ||||
| Non-controlling interests | 9.3 | 7.4 | 27.8 | 22.1 |
| Net (loss) income attributable to Delek | $(76.8) | $128.7 | $(146.6) | $184.7 |
| Basic (loss) income per share: | ||||
| (Loss) income from continuing operations | $(2.25) | $1.82 | $(3.51) | $2.44 |
| Income from discontinued operations | 1.05 | 0.16 | 1.22 | 0.36 |
| Total basic (loss) income per share | $(1.20) | $1.98 | $(2.29) | $2.80 |
| Diluted (loss) income per share: | ||||
| (Loss) income from continuing operations | $(2.25) | $1.81 | $(3.51) | $2.42 |
| Income from discontinued operations | 1.05 | 0.16 | 1.22 | 0.36 |
| Total diluted (loss) income per share | $(1.20) | $1.97 | $(2.29) | $2.78 |
| Weighted average common shares outstanding: | ||||
| Basic | 64,063,609 | 64,889,504 | 64,099,700 | 65,864,141 |
| Diluted | 64,063,609 | 65,464,970 | 64,099,700 | 66,372,335 |
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