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10-Q Filing

Delek Logistics Partners, LP CIK: 1552797 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001552797-16-000122
Period End Date 20160331
Filing Date 20160506
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance dkl-20160331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 line items
Line Item Tag Value Unit Period
General partner - Delek, units issued GeneralPartnersCapitalAccountUnitsIssued 495,445.00 shares Point-in-time
General partner - Delek, units issued GeneralPartnersCapitalAccountUnitsIssued 495,445.00 shares Point-in-time
General partner - Delek, units outstanding GeneralPartnersCapitalAccountUnitsOutstanding 495,445.00 shares Point-in-time
General partner - Delek, units outstanding GeneralPartnersCapitalAccountUnitsOutstanding 495,445.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.86M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $204.00K USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $29.17M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $35.05M USD Point-in-time
Accounts receivable from related parties DueFromRelatedPartiesCurrent - USD Point-in-time
Accounts receivable from related parties DueFromRelatedPartiesCurrent $3.32M USD Point-in-time
Inventory InventoryNet $6.71M USD Point-in-time
Inventory InventoryNet $10.45M USD Point-in-time
Other current assets OtherAssetsCurrent $1.54M USD Point-in-time
Other current assets OtherAssetsCurrent $717.00K USD Point-in-time
Total current assets AssetsCurrent $47.04M USD Point-in-time
Total current assets AssetsCurrent $40.12M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $325.65M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $327.21M USD Point-in-time
Less: accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $71.80M USD Point-in-time
Less: accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $76.49M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $250.72M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $253.85M USD Point-in-time
Equity method investments EquityMethodInvestments $55.27M USD Point-in-time
Equity method investments EquityMethodInvestments $40.68M USD Point-in-time
Goodwill Goodwill $12.20M USD Point-in-time
Goodwill Goodwill $12.20M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $15.22M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $15.48M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $6.04M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $5.67M USD Point-in-time
Total assets Assets $379.20M USD Point-in-time
Total assets Assets $375.29M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.85M USD Point-in-time
Accounts payable AccountsPayableCurrent $8.16M USD Point-in-time
Accounts payable to related parties DueToRelatedPartiesCurrent - USD Point-in-time
Accounts payable to related parties DueToRelatedPartiesCurrent $3.99M USD Point-in-time
Excise and other taxes payable TaxesPayableCurrent $4.87M USD Point-in-time
Excise and other taxes payable TaxesPayableCurrent $4.38M USD Point-in-time
Tank inspection liabilities Tankinspectionliabilitiescurrent $1.72M USD Point-in-time
Tank inspection liabilities Tankinspectionliabilitiescurrent $1.89M USD Point-in-time
Pipeline release liabilities Pipelinereleaseliabilitiescurrent $1.39M USD Point-in-time
Pipeline release liabilities Pipelinereleaseliabilitiescurrent $1.29M USD Point-in-time
Accrued expenses and other current liabilities OtherLiabilitiesCurrent $2.47M USD Point-in-time
Accrued expenses and other current liabilities OtherLiabilitiesCurrent $1.69M USD Point-in-time
Total current liabilities LiabilitiesCurrent $18.02M USD Point-in-time
Total current liabilities LiabilitiesCurrent $20.69M USD Point-in-time
Revolving credit facility LongTermLineOfCredit $351.60M USD Point-in-time
Revolving credit facility LongTermLineOfCredit $357.90M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $3.51M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $3.57M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $10.68M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $10.51M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $372.15M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $365.62M USD Point-in-time
Total deficit PartnersCapital $-10.98M USD Point-in-time
Total deficit PartnersCapital $-11.02M USD Point-in-time
Total liabilities and deficit LiabilitiesAndStockholdersEquity $379.20M USD Point-in-time
Total liabilities and deficit LiabilitiesAndStockholdersEquity $375.29M USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Affiliate RevenueFromRelatedParties $32.28M USD 1 Quarter
Affiliate RevenueFromRelatedParties $38.76M USD 1 Quarter
Third-Party SalesRevenueServicesNet $65.30M USD 1 Quarter
Third-Party SalesRevenueServicesNet $111.23M USD 1 Quarter
Net sales SalesRevenueNet $104.06M USD 1 Quarter
Net sales SalesRevenueNet $143.51M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $108.41M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $66.75M USD 1 Quarter
Operating expenses OperatingCostsAndExpenses $10.46M USD 1 Quarter
Operating expenses OperatingCostsAndExpenses $10.78M USD 1 Quarter
General and administrative expenses SellingGeneralAndAdministrativeExpense $3.41M USD 1 Quarter
General and administrative expenses SellingGeneralAndAdministrativeExpense $2.91M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $5.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $4.50M USD 1 Quarter
(Gain) loss on asset disposals GainLossOnDispositionOfAssets $44.00K USD 1 Quarter
(Gain) loss on asset disposals GainLossOnDispositionOfAssets $-5.00K USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $127.10M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $85.08M USD 1 Quarter
Operating income OperatingIncomeLoss $16.41M USD 1 Quarter
Operating income OperatingIncomeLoss $18.97M USD 1 Quarter
Interest expense, net InterestExpense $3.20M USD 1 Quarter
Interest expense, net InterestExpense $2.16M USD 1 Quarter
Loss on equity method investments IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Loss on equity method investments IncomeLossFromEquityMethodInvestments $-229.00K USD 1 Quarter
Total non-operating expenses Totalnonoperatingincomeexpenses $3.43M USD 1 Quarter
Total non-operating expenses Totalnonoperatingincomeexpenses $2.16M USD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $14.26M USD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $15.55M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $254.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $98.00K USD 1 Quarter
Net income NetIncomeLoss $15.45M USD 1 Quarter
Net income NetIncomeLoss $14.00M USD 1 Quarter
Less: loss attributable to the Logistics Assets Predecessor NetIncomeLossAttributableToPredecessors $-637.00K USD 1 Quarter
Less: loss attributable to the Logistics Assets Predecessor NetIncomeLossAttributableToPredecessors - USD 1 Quarter
Net income attributable to partners NetIncomeLossAttributableToPartners $15.45M USD 1 Quarter
Net income attributable to partners NetIncomeLossAttributableToPartners $14.64M USD 1 Quarter
Comprehensive income attributable to partners Comprehensiveincomeattributabletopartners $15.45M USD 1 Quarter
Comprehensive income attributable to partners Comprehensiveincomeattributabletopartners $14.64M USD 1 Quarter
Less: General partner's interest in net income, including incentive distribution rights NetIncomeLossAllocatedToGeneralPartners $2.25M USD 1 Quarter
Less: General partner's interest in net income, including incentive distribution rights NetIncomeLossAllocatedToGeneralPartners $887.00K USD 1 Quarter
Limited partners' interest in net income NetIncomeLossAllocatedToLimitedPartners $13.20M USD 1 Quarter
Limited partners' interest in net income NetIncomeLossAllocatedToLimitedPartners $13.75M USD 1 Quarter
Cash distributions per limited partner unit DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit $0.61 USD 1 Quarter
Cash distributions per limited partner unit DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit $0.53 USD 1 Quarter
Cash Flow Statement 78 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $15.45M USD 1 Quarter
Net income NetIncomeLoss $14.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $4.50M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.00M USD 1 Quarter
Amortization of deferred revenue RecognitionOfDeferredRevenue $196.00K USD 1 Quarter
Amortization of deferred revenue RecognitionOfDeferredRevenue $135.00K USD 1 Quarter
Amortization of deferred financing costs AmortizationOfFinancingCosts $365.00K USD 1 Quarter
Amortization of deferred financing costs AmortizationOfFinancingCosts $365.00K USD 1 Quarter
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $62.00K USD 1 Quarter
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $67.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $226.00K USD 1 Quarter
Loss on equity method investments IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Loss on equity method investments IncomeLossFromEquityMethodInvestments $-229.00K USD 1 Quarter
(Gain) loss on asset disposals GainLossOnDispositionOfAssets $44.00K USD 1 Quarter
(Gain) loss on asset disposals GainLossOnDispositionOfAssets $-5.00K USD 1 Quarter
Unit-based compensation expense ShareBasedCompensation $108.00K USD 1 Quarter
Unit-based compensation expense ShareBasedCompensation $74.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-5.88M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $2.36M USD 1 Quarter
Inventories and other current assets IncreaseDecreaseInInventoriesAndOtherOperatingAssets $-6.24M USD 1 Quarter
Inventories and other current assets IncreaseDecreaseInInventoriesAndOtherOperatingAssets $-4.56M USD 1 Quarter
Accounts payable and other current liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-3.78M USD 1 Quarter
Accounts payable and other current liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $2.15M USD 1 Quarter
Accounts payable to related parties IncreaseDecreaseInAccountsReceivableRelatedParties $7.36M USD 1 Quarter
Accounts payable to related parties IncreaseDecreaseInAccountsReceivableRelatedParties $3.30M USD 1 Quarter
Non-current assets and liabilities, net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-163.00K USD 1 Quarter
Non-current assets and liabilities, net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $131.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $15.77M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $26.37M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.57M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.91M USD 1 Quarter
Proceeds from sales of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $175.00K USD 1 Quarter
Proceeds from sales of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.16M USD 1 Quarter
Equity method investments PaymentsToAcquireEquityMethodInvestments $2.19M USD 1 Quarter
Equity method investments PaymentsToAcquireEquityMethodInvestments $14.82M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-16.55M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-8.60M USD 1 Quarter
Distributions to general partner DistributionstoGeneralPartner $1.80M USD 1 Quarter
Distributions to general partner DistributionstoGeneralPartner $706.00K USD 1 Quarter
Distributions to common unitholders - public DistributionstocommonunitholdersPublic $5.59M USD 1 Quarter
Distributions to common unitholders - public DistributionstocommonunitholdersPublic $4.80M USD 1 Quarter
Distributions to common unitholders - Delek DistributionstocommonunitholdersDelek $1.43M USD 1 Quarter
Distributions to common unitholders - Delek DistributionstocommonunitholdersDelek $1.65M USD 1 Quarter
Distributions to subordinated unitholders - Delek Distributionstosubordinatedunitholders $6.12M USD 1 Quarter
Distributions to subordinated unitholders - Delek Distributionstosubordinatedunitholders $7.08M USD 1 Quarter
Distributions to Delek for acquisitions GeneralPartnerDistributionsOther - USD 1 Quarter
Distributions to Delek for acquisitions GeneralPartnerDistributionsOther $61.89M USD 1 Quarter
Proceeds from revolving credit facility ProceedsFromLongTermLinesOfCredit $137.86M USD 1 Quarter
Proceeds from revolving credit facility ProceedsFromLongTermLinesOfCredit $84.40M USD 1 Quarter
Payments of revolving credit facility RepaymentsOfLongTermLinesOfCredit $73.25M USD 1 Quarter
Payments of revolving credit facility RepaymentsOfLongTermLinesOfCredit $78.10M USD 1 Quarter
Predecessor division equity contribution Predecessordivisionequitycashdistributioncontribution - USD 1 Quarter
Predecessor division equity contribution Predecessordivisionequitycashdistributioncontribution $115.00K USD 1 Quarter
Reimbursement of capital expenditures by Sponsor ReimbursementofcapitalexpendituresbySponsor $209.00K USD 1 Quarter
Reimbursement of capital expenditures by Sponsor ReimbursementofcapitalexpendituresbySponsor $1.19M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-9.62M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-9.03M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $204.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.86M USD 1 Quarter
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $1.86M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $204.00K USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $1.86M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $204.00K USD Point-in-time
Interest InterestPaid $1.67M USD 1 Quarter
Interest InterestPaid $2.89M USD 1 Quarter
Income taxes IncomeTaxesPaid $5.00K USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Equity method investments ContributionOfProperty $3.83M USD 1 Quarter
Equity method investments ContributionOfProperty - USD 1 Quarter
Decreases in accrued capital expenditures Increasedecreaseinaccruedcapitalexpenditures $-827.00K USD 1 Quarter
Decreases in accrued capital expenditures Increasedecreaseinaccruedcapitalexpenditures - USD 1 Quarter
Sponsor contribution of fixed assets Noncashfixedassetscontributionstounitholders $609.00K USD 1 Quarter
Sponsor contribution of fixed assets Noncashfixedassetscontributionstounitholders $354.00K USD 1 Quarter

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

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