10-Q Filing

Delek Logistics Partners, LP CIK: 1552797 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001552797-14-000013`
Period End Date	20140331
Filing Date	20140508
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	dkl-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 46 Cash Flow Statement 64

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Common unitholders - public, units issued	`Commonunitholderspublicunitsissued`	9.35M	shares	Point-in-time
Common unitholders - public, units issued	`Commonunitholderspublicunitsissued`	9.35M	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`	$4.13M	USD	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
Subordinated unitholders - Delek, units issued	`OtherOwnershipInterestsUnitsIssued`	12.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$924.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.45M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$28.98M	USD	Point-in-time
General partner - Delek, units issued	`GeneralPartnersCapitalAccountUnitsIssued`	492,893.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$31.53M	USD	Point-in-time
General partner - Delek, units issued	`GeneralPartnersCapitalAccountUnitsIssued`	492,893.00	shares	Point-in-time
Accounts receivable from related parties	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Common unitholders - public, units outstanding	`Commonunitholderspublicunitsoustanding`	9.35M	shares	Point-in-time
Accounts receivable from related parties	`DueFromRelatedPartiesCurrent`	$651.00K	USD	Point-in-time
Common unitholders - public, units outstanding	`Commonunitholderspublicunitsoustanding`	9.35M	shares	Point-in-time
Inventory	`InventoryNet`	$17.51M	USD	Point-in-time
Common unitholders - Delek US, units outstanding	`CommonUnitholdersDelekUnitsOutstanding`	2.80M	shares	Point-in-time
Inventory	`InventoryNet`	$14.05M	USD	Point-in-time
Common unitholders - Delek US, units outstanding	`CommonUnitholdersDelekUnitsOutstanding`	2.80M	shares	Point-in-time
Subordinated unitholders - Delek US, units outstanding	`OtherOwnershipInterestsUnitsOutstanding`	12.00M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$12.00K	USD	Point-in-time
Subordinated unitholders - Delek US, units outstanding	`OtherOwnershipInterestsUnitsOutstanding`	12.00M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$12.00K	USD	Point-in-time
General partner - Delek US, units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	492,893.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$341.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$220.00K	USD	Point-in-time
General partner - Delek US, units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	492,893.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$47.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.59M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$266.21M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$265.39M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$39.57M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$42.63M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$223.57M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$225.82M	USD	Point-in-time
Goodwill	`Goodwill`	$10.45M	USD	Point-in-time
Goodwill	`Goodwill`	$10.45M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$11.99M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.26M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.71M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.04M	USD	Point-in-time
Total assets	`Assets`	$301.31M	USD	Point-in-time
Total assets	`Assets`	$301.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.05M	USD	Point-in-time
Accounts payable to related parties	`DueToRelatedPartiesCurrent`	$1.51M	USD	Point-in-time
Accounts payable to related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Fuel and other taxes payable	`TaxesPayableCurrent`	$5.70M	USD	Point-in-time
Fuel and other taxes payable	`TaxesPayableCurrent`	$5.83M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$5.40M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$6.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.80M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$260.50M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$164.80M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$3.09M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$3.11M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$319.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$324.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$6.22M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$5.71M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$174.43M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$269.64M	USD	Point-in-time
Predecessors division equity	`PredecessorDivisionEquity`	-	USD	Point-in-time
Predecessors division equity	`PredecessorDivisionEquity`	$25.16M	USD	Point-in-time
Common unitholders - public; 9,353,240 units issued and outstanding at March 31, 2014 (9,353,240 at December 31, 2013)	`CommonUnitholdersPublic`	$183.84M	USD	Point-in-time
Common unitholders - public; 9,353,240 units issued and outstanding at March 31, 2014 (9,353,240 at December 31, 2013)	`CommonUnitholdersPublic`	$185.67M	USD	Point-in-time
Common unitholders - Delek; 2,799,258 units issued and outstanding at March 31, 2014 (2,799,258 at December 31, 2013)	`CommonUnitholdersDelek`	$-176.68M	USD	Point-in-time
Common unitholders - Delek; 2,799,258 units issued and outstanding at March 31, 2014 (2,799,258 at December 31, 2013)	`CommonUnitholdersDelek`	$-245.39M	USD	Point-in-time
Subordinated unitholders - Delek; 11,999,258 units issued and outstanding at March 31, 2014 (11,999,258 at December 31, 2013)	`OtherOwnershipInterestsCapitalAccount`	$61.74M	USD	Point-in-time
Subordinated unitholders - Delek; 11,999,258 units issued and outstanding at March 31, 2014 (11,999,258 at December 31, 2013)	`OtherOwnershipInterestsCapitalAccount`	$59.39M	USD	Point-in-time
General partner - Delek; 492,893 units issued and outstanding at March 31, 2014 (492,893 at December 31, 2013)	`GeneralPartnersCapitalAccount`	$-6.15M	USD	Point-in-time
General partner - Delek; 492,893 units issued and outstanding at March 31, 2014 (492,893 at December 31, 2013)	`GeneralPartnersCapitalAccount`	$-4.50M	USD	Point-in-time
Total equity	`PartnersCapital`	$87.20M	USD	Point-in-time
Total equity	`PartnersCapital`	$-4.13M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$301.31M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$301.34M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$210.89M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$203.53M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$172.21M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$187.86M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$9.32M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$9.08M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.20M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.54M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$202.68M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$187.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$8.21M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.98M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-817.00K	USD	1 Quarter
Net income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.88M	USD	1 Quarter
Net income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.39M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$122.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$147.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.73M	USD	1 Quarter
Less: Loss attributable to Predecessors	`NetIncomeLossAttributableToPredecessors`	$-4.93M	USD	1 Quarter
Less: Loss attributable to Predecessors	`NetIncomeLossAttributableToPredecessors`	$-943.00K	USD	1 Quarter
Net income attributable to partners	`NetIncomeLossAttributableToPartners`	$12.20M	USD	1 Quarter
Net income attributable to partners	`NetIncomeLossAttributableToPartners`	$14.67M	USD	1 Quarter
Comprehensive income attributable to partners	`Comprehensiveincomeattributabletopartners`	$14.67M	USD	1 Quarter
Comprehensive income attributable to partners	`Comprehensiveincomeattributabletopartners`	$12.20M	USD	1 Quarter
Less: General partner's interest in net income	`NetIncomeLossAllocatedToGeneralPartners`	$244.00K	USD	1 Quarter
Less: General partner's interest in net income	`NetIncomeLossAllocatedToGeneralPartners`	$293.00K	USD	1 Quarter
Limited partners' interest in net income	`NetIncomeLossAllocatedToLimitedPartners`	$11.96M	USD	1 Quarter
Limited partners' interest in net income	`NetIncomeLossAllocatedToLimitedPartners`	$14.38M	USD	1 Quarter
Common units - (basic)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.60	USD	1 Quarter
Common units - (basic)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.50	USD	1 Quarter
Common units - (diluted)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.50	USD	1 Quarter
Common units - (diluted)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.59	USD	1 Quarter
Subordinated units - Delek (basic and diluted)	`NetIncomeLossperSubordinatedunitbasicanddiluted`	$0.50	USD	1 Quarter
Subordinated units - Delek (basic and diluted)	`NetIncomeLossperSubordinatedunitbasicanddiluted`	$0.60	USD	1 Quarter
Common units - (basic)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	12.00M	shares	1 Quarter
Common units - (basic)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	12.15M	shares	1 Quarter
Common units - (diluted)	`WeightedAverageLimitedPartnershipUnitsOutstandingDiluted`	12.28M	shares	1 Quarter
Common units - (diluted)	`WeightedAverageLimitedPartnershipUnitsOutstandingDiluted`	12.09M	shares	1 Quarter
Subordinated units - Delek (basic and diluted)	`WeightedAverageLimitedPartnerUnitsOutstandingSubordinatedUnitsBasicAndDiluted`	12.00M	shares	1 Quarter
Subordinated units - Delek (basic and diluted)	`WeightedAverageLimitedPartnerUnitsOutstandingSubordinatedUnitsBasicAndDiluted`	12.00M	shares	1 Quarter
Cash distributions per unit	`DistributionsPerLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasic`	$0.39	USD	1 Quarter
Cash distributions per unit	`DistributionsPerLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasic`	$0.42	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.54M	USD	1 Quarter
Amortization of unfavorable contract liability to revenue	`RecognitionOfDeferredRevenue`	$667.00K	USD	1 Quarter
Amortization of unfavorable contract liability to revenue	`RecognitionOfDeferredRevenue`	$667.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$317.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$188.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$120.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$61.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.00K	USD	1 Quarter
Unit-based compensation expense	`ShareBasedCompensation`	$58.00K	USD	1 Quarter
Unit-based compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.55M	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`	$-3.58M	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.51M	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.39M	USD	1 Quarter
Accounts payable - related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$2.16M	USD	1 Quarter
Accounts payable - related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$8.00M	USD	1 Quarter
Non-current assets and liabilities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$424.00K	USD	1 Quarter
Non-current assets and liabilities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-83.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.59M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.02M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$965.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.71M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.71M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-965.00K	USD	1 Quarter
Distributions to general partner	`DistributionstoGeneralPartner`	$204.00K	USD	1 Quarter
Distributions to general partner	`DistributionstoGeneralPartner`	$109.00K	USD	1 Quarter
Distributions to common unitholders - Public	`DistributionstocommonunitholdersPublic`	$2.06M	USD	1 Quarter
Distributions to common unitholders - Public	`DistributionstocommonunitholdersPublic`	$3.88M	USD	1 Quarter
Distributions to common unitholders - Delek	`DistributionstocommonunitholdersDelek`	$1.16M	USD	1 Quarter
Distributions to common unitholders - Delek	`DistributionstocommonunitholdersDelek`	$627.00K	USD	1 Quarter
Distributions to subordinated unitholders	`Distributionstosubordinatedunitholders`	$2.69M	USD	1 Quarter
Distributions to subordinated unitholders	`Distributionstosubordinatedunitholders`	$4.98M	USD	1 Quarter
Distributions to Delek for contribution of El Dorado Terminal and Tank Assets	`GeneralPartnerDistributionsOther`	$95.90M	USD	1 Quarter
Distributions to Delek for contribution of El Dorado Terminal and Tank Assets	`GeneralPartnerDistributionsOther`	-	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$185.20M	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`	$89.50M	USD	1 Quarter
Predecessor division equity contribution	`Predecessordivisionequitycashdistributioncontribution`	$1.01M	USD	1 Quarter
Predecessor division equity contribution	`Predecessordivisionequitycashdistributioncontribution`	$6.44M	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`	$-9.42M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.26M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.20M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.47M	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.13M	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`	$924.00K	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.13M	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`	$924.00K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$23.45M	USD	Point-in-time
Interest	`InterestPaid`	$1.52M	USD	1 Quarter
Interest	`InterestPaid`	$639.00K	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	$15.00K	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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