Equity (Tables)

12 Months Ended

Dec. 31, 2020

The table below summarizes the changes in the number of units outstanding from December 31, 2018 through December 31, 2020.


	Common - Public	Common - Delek Holdings	General Partner	Total
Balance at December 31, 2017	9,088,587	15,294,046	497,604	24,880,237
General partner units issued to maintain 2% interest	—	—	434	434
Unit-based compensation awards (1)	21,220	—	—	21,220
Balance at December 31, 2018	9,109,807	15,294,046	498,038	24,901,891
General partner units issued to maintain 2% interest	—	—	444	444
Unit-based compensation awards (1)	21,772	—	—	21,772
Balance at December 31, 2019	9,131,579	15,294,046	498,482	24,924,107
General partner units issued to maintain 2% interest	—	—	102,196	102,196
Unit-based compensation awards (1)	17,711	—	—	17,711
Big Spring Gathering Assets Acquisition equity issuance	—	5,000,000	—	5,000,000
Delek Holdings unit purchases from public	(451,822)	451,822	—	—
General Partner units converted to non-economic general partner interest	—	—	(600,678)	(600,678)
Common limited partner units issued in IDR Restructuring Transaction	—	14,000,000	—	14,000,000
Balance at December 31, 2020	8,697,468	34,745,868	—	43,443,336

(1) Unit-based compensation awards are presented net of 926 and 598 units withheld for taxes as of December 31, 2020 and 2018, respectively. There were no units withheld for taxes as of December 31, 2019.

Schedule of Calculation of Net Income Applicable to Partners

The following table presents the allocation of the general partner's interest in net income (in thousands, except percentage of ownership interest):


	Year Ended December 31,
	2020			2019			2018
Net income attributable to partners	$	159,256		$	96,749		$	90,182
Less: General partner's IDRs	(17,632)			(31,781)			(24,224)
Net income available to partners	$	141,624		$	64,968		$	65,958
General partner's ownership interest	2.0		%	2.0		%	2.0		%
General partner's allocated interest in net income	1,092			1,299			1,319
General partner's IDRs	17,632			31,781			24,224
Total general partner's interest in net income	$	18,724		$	33,080		$	25,543

Schedule of Distributions Made to Members or Limited Partners, by Distribution

The table below summarizes the quarterly distributions related to our quarterly financial results:


Quarter Ended	Total Quarterly Distribution Per Limited Partner Unit		Total Quarterly Distribution Per Limited Partner Unit, Annualized		Total Cash Distribution, including general partner interest and IDRs (in thousands)		Date of Distribution	Unitholders Record Date
December 31, 2018	$	0.810	$	3.24	$	26,949	February 12, 2019	February 4, 2019
March 31, 2019	$	0.820	$	3.28	$	27,438	May 14, 2019	May 7, 2019
June 30, 2019	$	0.850	$	3.40	$	28,914	August 13, 2019	August 5, 2019
September 30, 2019	$	0.880	$	3.52	$	30,379	November 12, 2019	November 4, 2019
December 31, 2019	$	0.885	$	3.54	$	30,634	February 12, 2020	February 4, 2020
March 31, 2020	$	0.890	$	3.56	$	30,878	May 12, 2020	May 5, 2020
June 30, 2020	$	0.900	$	3.60	$	35,969	August 12, 2020	August 7, 2020
September 30, 2020	$	0.905	$	3.62	$	39,308	November 12, 2020	November 6, 2020
December 31, 2020	$	0.910	$	3.64	$	39,533	February 9, 2021	February 2, 2021

The allocations of total quarterly cash distributions made to general and limited partners for the years ended December 31, 2020, 2019 and 2018 are set forth in the table below. Distributions earned with respect to a given period are declared subsequent to quarter end. Therefore, the table below presents total cash distributions applicable to the period in which the distributions are earned (in thousands, except per unit amounts):


	Year Ended December 31,
	2020		2019		2018
General partner's distributions:
General partner's distributions	$	986	$	1,711	$	1,553
General partner's IDRs	17,632		31,781		24,224
Total general partner's distributions	18,618		33,492		25,777

Limited partners' distributions:
Common limited partners' distributions	127,070		83,873		76,113
Total cash distributions	$	145,688	$	117,365	$	101,890
Cash distributions per limited partner unit	$	3.605	$	3.440	$	3.120