10-Q Filing

Delek Logistics Partners, LP CIK: 1552797 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001552797-22-000035`
Period End Date	20220331
Filing Date	20220505
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	dkl-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 44 Cash Flow Statement 72 Stockholders Equity 14

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$20.35M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$15.38M	USD	Point-in-time
Inventory	`InventoryNet`	$1.78M	USD	Point-in-time
Inventory	`InventoryNet`	$2.41M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$951.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.32M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$724.92M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$715.87M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$266.48M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$276.59M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$448.33M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$449.39M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$250.03M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$249.89M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$20.93M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$19.14M	USD	Point-in-time
Goodwill	`Goodwill`	$12.20M	USD	Point-in-time
Goodwill	`Goodwill`	$12.20M	USD	Point-in-time
Marketing Contract Intangible, net	`FiniteLivedIntangibleAssetsNet`	$116.58M	USD	Point-in-time
Marketing Contract Intangible, net	`FiniteLivedIntangibleAssetsNet`	$114.77M	USD	Point-in-time
Right-of-way	`RightofWaysNet`	$37.28M	USD	Point-in-time
Right-of-way	`RightofWaysNet`	$39.70M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$24.90M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$25.63M	USD	Point-in-time
Total assets	`Assets`	$935.07M	USD	Point-in-time
Total assets	`Assets`	$935.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.63M	USD	Point-in-time
Accounts payable to related parties	`DueToRelatedPartiesCurrent`	$50.28M	USD	Point-in-time
Accounts payable to related parties	`DueToRelatedPartiesCurrent`	$64.42M	USD	Point-in-time
Interest Payable	`InterestPayableCurrent`	$5.02M	USD	Point-in-time
Interest Payable	`InterestPayableCurrent`	$16.32M	USD	Point-in-time
Excise and other taxes payable	`TaxesPayableCurrent`	$5.28M	USD	Point-in-time
Excise and other taxes payable	`TaxesPayableCurrent`	$4.02M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.69M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.81M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$6.33M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$7.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.81M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$898.97M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$905.54M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$6.48M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$6.60M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$14.07M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$12.40M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$22.73M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$20.99M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$945.52M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$942.25M	USD	Point-in-time
Total equity (deficit)	`PartnersCapital`	$-106.52M	USD	Point-in-time
Total equity (deficit)	`PartnersCapital`	$-111.39M	USD	Point-in-time
Total equity (deficit)	`PartnersCapital`	$-103.99M	USD	Point-in-time
Total equity (deficit)	`PartnersCapital`	$-108.30M	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$935.27M	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$935.07M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Affiliates (1)	`RevenueFromRelatedParties`	$123.75M	USD	1 Quarter
Affiliates (1)	`RevenueFromRelatedParties`	$96.19M	USD	1 Quarter
Third party	`RevenuefromThirdParty`	$82.83M	USD	1 Quarter
Third party	`RevenuefromThirdParty`	$56.72M	USD	1 Quarter
Net Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$152.91M	USD	1 Quarter
Net Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$206.58M	USD	1 Quarter
Cost of materials and other	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$126.19M	USD	1 Quarter
Cost of materials and other	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$81.17M	USD	1 Quarter
Operating expenses (excluding depreciation and amortization presented below)	`OperatingExpensesIncludingInCostofSales`	$14.25M	USD	1 Quarter
Operating expenses (excluding depreciation and amortization presented below)	`OperatingExpensesIncludingInCostofSales`	$17.54M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$9.86M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$10.25M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$153.60M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$105.67M	USD	1 Quarter
Operating expenses (excluding depreciation and amortization presented below)	`OperatingExpensesExcludedFromCostOfSales`	$561.00K	USD	1 Quarter
Operating expenses (excluding depreciation and amortization presented below)	`OperatingExpensesExcludedFromCostOfSales`	$564.00K	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.11M	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$492.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$474.00K	USD	1 Quarter
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$83.00K	USD	1 Quarter
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$-12.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$110.74M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$159.74M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$42.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$46.84M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$14.25M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.74M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$4.05M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$7.03M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-31.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Total non-operating expenses, net	`Totalnonoperatingincomeexpenses`	$5.72M	USD	1 Quarter
Total non-operating expenses, net	`Totalnonoperatingincomeexpenses`	$7.22M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$36.45M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$39.62M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$101.00K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$184.00K	USD	1 Quarter
Net income attributable to partners	`NetIncomeLossAttributableToPartners`	$39.51M	USD	1 Quarter
Net income attributable to partners	`NetIncomeLossAttributableToPartners`	$36.27M	USD	1 Quarter
Comprehensive income attributable to partners	`Comprehensiveincomeattributabletopartners`	$39.51M	USD	1 Quarter
Comprehensive income attributable to partners	`Comprehensiveincomeattributabletopartners`	$36.27M	USD	1 Quarter
Cash distributions per limited partner unit (in dollars per share)	`DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit`	$0.92	USD	1 Quarter
Cash distributions per limited partner unit (in dollars per share)	`DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit`	$0.98	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$39.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.74M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.34M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseExpense`	$1.80M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseExpense`	$2.02M	USD	1 Quarter
Amortization of customer contract intangible assets	`OtherAmortizationOfDeferredCharges`	$1.80M	USD	1 Quarter
Amortization of customer contract intangible assets	`OtherAmortizationOfDeferredCharges`	$1.80M	USD	1 Quarter
Amortization of deferred revenue	`ContractWithCustomerLiabilityAmortization`	$538.00K	USD	1 Quarter
Amortization of deferred revenue	`ContractWithCustomerLiabilityAmortization`	$444.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$625.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$847.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$4.05M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$7.03M	USD	1 Quarter
Dividends from equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	$6.61M	USD	1 Quarter
Dividends from equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	$3.73M	USD	1 Quarter
Other non-cash adjustments	`OtherOperatingActivitiesCashFlowStatement`	$274.00K	USD	1 Quarter
Other non-cash adjustments	`OtherOperatingActivitiesCashFlowStatement`	$492.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.35M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.97M	USD	1 Quarter
Inventories and other current assets	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$-1.02M	USD	1 Quarter
Inventories and other current assets	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$-112.00K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-390.00K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.16M	USD	1 Quarter
Accounts receivable/payable to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-7.36M	USD	1 Quarter
Accounts receivable/payable to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$14.14M	USD	1 Quarter
Non-current assets and liabilities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$1.17M	USD	1 Quarter
Non-current assets and liabilities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$480.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.92M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$61.73M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.61M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.12M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$83.00K	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.00K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$474.00K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.42M	USD	1 Quarter
Distributions from equity method investments	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$3.92M	USD	1 Quarter
Distributions from equity method investments	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$550.00K	USD	1 Quarter
Equity method investment contributions	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Equity method investment contributions	`PaymentsToAcquireEquityMethodInvestments`	$1.38M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.96M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.48M	USD	1 Quarter
Distributions to common unitholders - public	`DistributionstocommonunitholdersPublic`	$8.57M	USD	1 Quarter
Distributions to common unitholders - public	`DistributionstocommonunitholdersPublic`	$7.91M	USD	1 Quarter
Distributions to common unitholders - Delek Holdings	`DistributionstocommonunitholdersDelek`	$31.62M	USD	1 Quarter
Distributions to common unitholders - Delek Holdings	`DistributionstocommonunitholdersDelek`	$33.83M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$77.50M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$113.60M	USD	1 Quarter
Payments on revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$86.60M	USD	1 Quarter
Payments on revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$107.50M	USD	1 Quarter
Payments on financing lease liabilities	`FinanceLeasePrincipalPayments`	-	USD	1 Quarter
Payments on financing lease liabilities	`FinanceLeasePrincipalPayments`	$710.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.01M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-48.63M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.13M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.57M	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.38M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.73M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.29M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.24M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.38M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.73M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.29M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.24M	USD	Point-in-time
Interest	`InterestPaidNet`	$2.11M	USD	1 Quarter
Interest	`InterestPaidNet`	$4.94M	USD	1 Quarter
Increase in accrued capital expenditures in accounts payable/receivable related parties	`NonCashInvestingActivitiesIncreaseDecreaseInAccruedCapitalExpendituresInAccountsReceivableAndPayableRelatedParties`	$3.12M	USD	1 Quarter
Increase in accrued capital expenditures in accounts payable/receivable related parties	`NonCashInvestingActivitiesIncreaseDecreaseInAccruedCapitalExpendituresInAccountsReceivableAndPayableRelatedParties`	-	USD	1 Quarter
Decrease in accrued capital expenditures and other	`NonCashInvestingActivitiesIncreaseDecreaseinAccruedCapitalExpenditures`	$-1.44M	USD	1 Quarter
Decrease in accrued capital expenditures and other	`NonCashInvestingActivitiesIncreaseDecreaseinAccruedCapitalExpenditures`	$-1.53M	USD	1 Quarter
Non-cash lease liability arising from obtaining right of use assets during the period	`RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability`	-	USD	1 Quarter
Non-cash lease liability arising from obtaining right of use assets during the period	`RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability`	$2.62M	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`PartnersCapital`	$-106.52M	USD	Point-in-time
Beginning balance	`PartnersCapital`	$-111.39M	USD	Point-in-time
Beginning balance	`PartnersCapital`	$-103.99M	USD	Point-in-time
Beginning balance	`PartnersCapital`	$-108.30M	USD	Point-in-time
Cash distributions	`PartnersCapitalAccountDistributions`	$42.40M	USD	1 Quarter
Cash distributions	`PartnersCapitalAccountDistributions`	$39.53M	USD	1 Quarter
Net income attributable to partners	`NetIncomeLossAttributableToPartners`	$39.51M	USD	1 Quarter
Net income attributable to partners	`NetIncomeLossAttributableToPartners`	$36.27M	USD	1 Quarter
Other	`PartnersCapitalOther`	$356.00K	USD	1 Quarter
Other	`PartnersCapitalOther`	$177.00K	USD	1 Quarter
Ending balance	`PartnersCapital`	$-106.52M	USD	Point-in-time
Ending balance	`PartnersCapital`	$-111.39M	USD	Point-in-time
Ending balance	`PartnersCapital`	$-103.99M	USD	Point-in-time
Ending balance	`PartnersCapital`	$-108.30M	USD	Point-in-time

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