10-Q Filing

Delek Logistics Partners, LP CIK: 1552797 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001552797-23-000035`
Period End Date	20230331
Filing Date	20230509
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	dkl-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 50 Cash Flow Statement 72 Stockholders Equity 15

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.96M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$60.54M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$53.31M	USD	Point-in-time
Inventory	`InventoryNet`	$1.48M	USD	Point-in-time
Inventory	`InventoryNet`	$2.66M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.77M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$76.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.23M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$1.27B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$1.24B	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$316.68M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$332.81M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$941.13M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$924.00M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$257.02M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$243.27M	USD	Point-in-time
Rights-of-way, net	`RightsOfWayNet`	$55.99M	USD	Point-in-time
Rights-of-way, net	`RightsOfWayNet`	$56.40M	USD	Point-in-time
Goodwill	`Goodwill`	$27.05M	USD	Point-in-time
Goodwill	`Goodwill`	$27.05M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.88M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.79M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$19.48M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$16.41M	USD	Point-in-time
Total assets	`Assets`	$1.69B	USD	Point-in-time
Total assets	`Assets`	$1.68B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$57.40M	USD	Point-in-time
Accounts payable to related parties	`DueToRelatedPartiesCurrent`	$6.05M	USD	Point-in-time
Accounts payable to related parties	`DueToRelatedPartiesCurrent`	$4.48M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$15.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$15.00M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$5.31M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$16.55M	USD	Point-in-time
Excise and other taxes payable	`TaxesPayableCurrent`	$4.35M	USD	Point-in-time
Excise and other taxes payable	`TaxesPayableCurrent`	$8.23M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$8.02M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$8.13M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$6.20M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$6.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$77.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$106.22M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermLineOfCredit`	$1.65B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermLineOfCredit`	$1.69B	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$12.18M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$12.11M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$9.51M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$9.33M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$15.77M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$16.18M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$1.73B	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$1.68B	USD	Point-in-time
Total equity (deficit)	`PartnersCapital`	$-117.42M	USD	Point-in-time
Total equity (deficit)	`PartnersCapital`	$-103.99M	USD	Point-in-time
Total equity (deficit)	`PartnersCapital`	$-106.52M	USD	Point-in-time
Total equity (deficit)	`PartnersCapital`	$-110.70M	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$1.68B	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$1.69B	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Affiliate	`RevenueFromRelatedParties`	$123.75M	USD	1 Quarter
Affiliate	`RevenueFromRelatedParties`	$125.00M	USD	1 Quarter
Third Party	`RevenueFromThirdParty`	$118.53M	USD	1 Quarter
Third Party	`RevenueFromThirdParty`	$82.83M	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$206.58M	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$243.53M	USD	1 Quarter
Operating expenses (excluding depreciation and amortization presented below)	`OperatingExpenses`	$24.21M	USD	1 Quarter
Operating expenses (excluding depreciation and amortization presented below)	`OperatingExpenses`	$17.54M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$19.76M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$9.86M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$170.07M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$153.60M	USD	1 Quarter
Operating expenses related to wholesale business (excluding depreciation and amortization presented below)	`OperatingExpensesExcludedFromCostOfSales`	$564.00K	USD	1 Quarter
Operating expenses related to wholesale business (excluding depreciation and amortization presented below)	`OperatingExpensesExcludedFromCostOfSales`	$525.00K	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.51M	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$474.00K	USD	1 Quarter
Loss on disposal of assets	`OtherOperatingIncomeExpenseNet`	$-12.00K	USD	1 Quarter
Loss on disposal of assets	`OtherOperatingIncomeExpenseNet`	$-142.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$179.59M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$159.74M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$63.93M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$46.84M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$32.58M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$14.25M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$6.32M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$7.03M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Total non-operating expenses, net	`TotalNonOperatingIncomeExpenses`	$26.26M	USD	1 Quarter
Total non-operating expenses, net	`TotalNonOperatingIncomeExpenses`	$7.22M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$37.67M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$39.62M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$302.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$101.00K	USD	1 Quarter
Net income attributable to partners	`NetIncomeLossAttributableToPartners`	$37.37M	USD	1 Quarter
Net income attributable to partners	`NetIncomeLossAttributableToPartners`	$39.51M	USD	1 Quarter
Comprehensive income attributable to partners	`ComprehensiveIncomeAttributableToPartners`	$39.51M	USD	1 Quarter
Comprehensive income attributable to partners	`ComprehensiveIncomeAttributableToPartners`	$37.37M	USD	1 Quarter
Basic (in dollars per unit)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.86	USD	1 Quarter
Basic (in dollars per unit)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.91	USD	1 Quarter
Diluted (in dollars per unit)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.91	USD	1 Quarter
Diluted (in dollars per unit)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.86	USD	1 Quarter
Basic (in units)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	43.47M	shares	1 Quarter
Basic (in units)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	43.57M	shares	1 Quarter
Diluted (in units)	`WeightedAverageLimitedPartnershipUnitsOutstandingDiluted`	43.48M	shares	1 Quarter
Diluted (in units)	`WeightedAverageLimitedPartnershipUnitsOutstandingDiluted`	43.59M	shares	1 Quarter
Cash distributions per limited partner unit (in dollars per unit)	`DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit`	$1.02	USD	1 Quarter
Cash distributions per limited partner unit (in dollars per unit)	`DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit`	$0.98	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$37.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.34M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseExpense`	$2.20M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseExpense`	$1.80M	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`	$444.00K	USD	1 Quarter
Amortization of deferred revenue	`ContractWithCustomerLiabilityAmortization`	$444.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$847.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$1.13M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$6.32M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$7.03M	USD	1 Quarter
Dividends from equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	$9.24M	USD	1 Quarter
Dividends from equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	$6.61M	USD	1 Quarter
Other non-cash adjustments	`ShareBasedCompensation`	$492.00K	USD	1 Quarter
Other non-cash adjustments	`ShareBasedCompensation`	$780.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.17M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.97M	USD	1 Quarter
Inventories and other current assets	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$1.48M	USD	1 Quarter
Inventories and other current assets	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$-112.00K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.16M	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-36.43M	USD	1 Quarter
Accounts receivable/payable to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$1.58M	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`	$345.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.92M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.19M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.84M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.61M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.00K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$582.00K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.42M	USD	1 Quarter
Distributions from equity method investments	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$1.44M	USD	1 Quarter
Distributions from equity method investments	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$550.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.98M	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`	$9.44M	USD	1 Quarter
Distributions to common unitholders - Delek Holdings	`DistributionsToCommonUnitholdersDelek`	$35.00M	USD	1 Quarter
Distributions to common unitholders - Delek Holdings	`DistributionsToCommonUnitholdersDelek`	$33.83M	USD	1 Quarter
Proceeds from revolving facility	`ProceedsFromLongTermLinesOfCredit`	$113.60M	USD	1 Quarter
Proceeds from revolving facility	`ProceedsFromLongTermLinesOfCredit`	$143.50M	USD	1 Quarter
Payments on revolving facility	`RepaymentsOfLongTermLinesOfCredit`	$93.40M	USD	1 Quarter
Payments on revolving facility	`RepaymentsOfLongTermLinesOfCredit`	$107.50M	USD	1 Quarter
Payments on term loan debt	`RepaymentsOfLongTermDebt`	$3.75M	USD	1 Quarter
Payments on term loan debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$400.00K	USD	1 Quarter
Deferred financing costs paid	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Payments on financing lease liabilities	`FinanceLeasePrincipalPayments`	$710.00K	USD	1 Quarter
Payments on financing lease liabilities	`FinanceLeasePrincipalPayments`	$727.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.01M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$783.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.57M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.99M	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.97M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.96M	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 end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.97M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.96M	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
Interest	`InterestPaidNet`	$2.11M	USD	1 Quarter
Interest	`InterestPaidNet`	$20.21M	USD	1 Quarter
Increase (decrease) in accrued capital expenditures and other	`NonCashInvestingActivitiesIncreaseDecreaseInAccruedCapitalExpenditures`	$8.26M	USD	1 Quarter
Increase (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`	$3.46M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`PartnersCapital`	$-117.42M	USD	Point-in-time
Beginning balance	`PartnersCapital`	$-103.99M	USD	Point-in-time
Beginning balance	`PartnersCapital`	$-106.52M	USD	Point-in-time
Beginning balance	`PartnersCapital`	$-110.70M	USD	Point-in-time
Cash distributions	`PartnersCapitalAccountDistributions`	$44.44M	USD	1 Quarter
Cash distributions	`PartnersCapitalAccountDistributions`	$42.40M	USD	1 Quarter
Net income attributable to partners	`NetIncomeLossAttributableToPartners`	$37.37M	USD	1 Quarter
Net income attributable to partners	`NetIncomeLossAttributableToPartners`	$39.51M	USD	1 Quarter
Issuance of units	`PartnersCapitalAccountSaleOfUnits`	-	USD	1 Quarter
Other	`PartnersCapitalOther`	$356.00K	USD	1 Quarter
Other	`PartnersCapitalOther`	$351.00K	USD	1 Quarter
Ending balance	`PartnersCapital`	$-117.42M	USD	Point-in-time
Ending balance	`PartnersCapital`	$-103.99M	USD	Point-in-time
Ending balance	`PartnersCapital`	$-106.52M	USD	Point-in-time
Ending balance	`PartnersCapital`	$-110.70M	USD	Point-in-time

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