10-Q Filing

Delek Logistics Partners, LP CIK: 1552797 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001552797-13-000015`
Period End Date	20130331
Filing Date	20130509
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	dkl-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 35 Cash Flow Statement 66

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Common unitholders-public, units issued	`LimitedPartnersCapitalAccountUnitsIssued`	9.20M	shares	Point-in-time
Common unitholders-public, units issued	`LimitedPartnersCapitalAccountUnitsIssued`	9.20M	shares	Point-in-time
Common unitholders - Delek, units issued	`CommonUnitholdersDelekUnitsIssued`	2.80M	shares	Point-in-time
Common unitholders - Delek, units issued	`CommonUnitholdersDelekUnitsIssued`	2.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.45M	USD	Point-in-time
Subordinated unitholders - Delek, units issued	`OtherOwnershipInterestsUnitsIssued`	12.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.98M	USD	Point-in-time
Subordinated unitholders - Delek, units issued	`OtherOwnershipInterestsUnitsIssued`	12.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$37.89M	USD	Point-in-time
General partner - Delek, units issued	`GeneralPartnersCapitalAccountUnitsIssued`	489,766.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$27.73M	USD	Point-in-time
General partner - Delek, units issued	`GeneralPartnersCapitalAccountUnitsIssued`	489,766.00	shares	Point-in-time
Inventory	`InventoryNet`	$14.35M	USD	Point-in-time
Inventory	`InventoryNet`	$24.50M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$14.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$14.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$362.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$169.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$81.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.71M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$172.30M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$173.58M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$20.84M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$18.79M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$153.51M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$152.74M	USD	Point-in-time
Goodwill	`Goodwill`	$10.45M	USD	Point-in-time
Goodwill	`Goodwill`	$10.45M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.43M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.18M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.66M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.70M	USD	Point-in-time
Total assets	`Assets`	$229.88M	USD	Point-in-time
Total assets	`Assets`	$260.81M	USD	Point-in-time
Total assets	`Assets`	$245.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.85M	USD	Point-in-time
Accounts payable to related parties	`AccountsPayableRelatedPartiesCurrent`	$10.15M	USD	Point-in-time
Accounts payable to related parties	`AccountsPayableRelatedPartiesCurrent`	$2.15M	USD	Point-in-time
Fuel and other taxes payable	`TaxesPayableCurrent`	$4.65M	USD	Point-in-time
Fuel and other taxes payable	`TaxesPayableCurrent`	$5.58M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$3.62M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$7.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.26M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$90.00M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$90.00M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.44M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.48M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$17.00K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$13.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$9.21M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$9.62M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$100.70M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$101.08M	USD	Point-in-time
Common unitholders - public (9,200,000 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively )	`CommonUnitholdersPublic`	$181.25M	USD	Point-in-time
Common unitholders - public (9,200,000 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively )	`CommonUnitholdersPublic`	$178.73M	USD	Point-in-time
Common unitholders - Delek (2,799,258 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively)	`CommonUnitholdersDelek`	$-126.36M	USD	Point-in-time
Common unitholders - Delek (2,799,258 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively)	`CommonUnitholdersDelek`	$-127.13M	USD	Point-in-time
Subordinated unitholders- Delek (11,999,258 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively)	`OtherOwnershipInterestsCapitalAccount`	$56.16M	USD	Point-in-time
Subordinated unitholders- Delek (11,999,258 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively)	`OtherOwnershipInterestsCapitalAccount`	$52.88M	USD	Point-in-time
General Partner unitholders- Delek (489,766 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively)	`GeneralPartnersCapitalAccount`	$86.00K	USD	Point-in-time
General Partner unitholders- Delek (489,766 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively)	`GeneralPartnersCapitalAccount`	$-49.00K	USD	Point-in-time
Total equity	`PartnersCapital`	$111.14M	USD	Point-in-time
Total equity	`PartnersCapital`	$104.42M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$245.77M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$260.81M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$239.08M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$210.89M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$225.41M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$187.86M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$5.86M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$4.21M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.41M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.35M	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets`	$-5.00K	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$234.16M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$197.75M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.92M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.14M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$488.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$817.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.43M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.33M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.92M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$122.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.51M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.51M	USD	1 Quarter
Less: General partner's interest in net income (2%)	`NetIncomeLossAllocatedToGeneralPartners`	$244.00K	USD	1 Quarter
Limited partner's interest in net income	`NetIncomeLossAllocatedToLimitedPartners`	$11.96M	USD	1 Quarter
Common units - (basic and diluted)	`NetIncomePerLimitedPartnerUnitBasicAndDiluted`	0.50	USD/Partner_Unit	1 Quarter
Subordinated units - Delek (basic and diluted)	`NetIncomeLossPerSubordinatedUnitBasicAndDiluted`	0.50	USD/Partner_Unit	1 Quarter
Common units - (basic)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	12.00M	shares	1 Quarter
Common units - (diluted)	`WeightedAverageLimitedPartnershipUnitsOutstandingDiluted`	12.09M	shares	1 Quarter
Subordinated units - Delek (basic and diluted)	`WeightedAverageLimitedPartnerUnitsOutstandingSubordinatedUnitsBasicAndDiluted`	12.00M	shares	1 Quarter
Cash distribution per unit	`DistributionsPerLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasic`	$0.38	USD	1 Quarter
Cash distribution per unit	`DistributionsPerLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasic`	$0.39	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.35M	USD	1 Quarter
Amortization of unfavorable contract liability to revenue	`OtherAmortizationOfDeferredCharges`	-	USD	1 Quarter
Amortization of unfavorable contract liability to revenue	`OtherAmortizationOfDeferredCharges`	$-667.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$47.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$188.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$25.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$35.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.73M	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets`	$-5.00K	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Unit-based compensation expense	`ShareBasedCompensation`	$16.00K	USD	1 Quarter
Unit-based compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.46M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.16M	USD	1 Quarter
Inventories and other current assets	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$10.34M	USD	1 Quarter
Inventories and other current assets	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$-1.16M	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.70M	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.62M	USD	1 Quarter
Accounts receivable from related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-244.00K	USD	1 Quarter
Accounts receivable from related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-8.00M	USD	1 Quarter
Non-current assets and liabilities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$331.00K	USD	1 Quarter
Non-current assets and liabilities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$1.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.54M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.98M	USD	1 Quarter
Business combinations- Nettleton and Big Sandy	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Business combinations- Nettleton and Big Sandy	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$23.27M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.28M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.01M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.29M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.28M	USD	1 Quarter
Distributions to general partner	`GeneralPartnerDistributions`	-	USD	1 Quarter
Distributions to general partner	`GeneralPartnerDistributions`	$-109.00K	USD	1 Quarter
Distributions to common unitholders- Public	`DistributionsToCommonUnitholdersPublic`	$-2.06M	USD	1 Quarter
Distributions to common unitholders- Public	`DistributionsToCommonUnitholdersPublic`	-	USD	1 Quarter
Distributions to common unitholders - Delek	`DistributionsToCommonUnitholdersDelek`	$-627.00K	USD	1 Quarter
Distributions to common unitholders - Delek	`DistributionsToCommonUnitholdersDelek`	-	USD	1 Quarter
Distributions to subordinated unitholders	`DistributionsToSubordinatedUnitholders`	-	USD	1 Quarter
Distributions to subordinated unitholders	`DistributionsToSubordinatedUnitholders`	$-2.69M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$83.10M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Payments of revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Payments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$64.30M	USD	1 Quarter
Tax benefit from exercise of stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Tax benefit from exercise of stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.00K	USD	1 Quarter
Capital contributions (distributions)	`ProceedsFromContributionsFromParent`	$-1.06M	USD	1 Quarter
Capital contributions (distributions)	`ProceedsFromContributionsFromParent`	-	USD	1 Quarter
Reimbursement of capital expenditures by sponsor	`ReimbursementOfCapitalExpendituresBySponsor`	$-310.00K	USD	1 Quarter
Reimbursement of capital expenditures by sponsor	`ReimbursementOfCapitalExpendituresBySponsor`	-	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.74M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.18M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.47M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.00K	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.00K	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$23.45M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$18.98M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.00K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.00K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$23.45M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$18.98M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$528.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$436.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.