Delek Logistics (Tables)

9 Months Ended

Sep. 30, 2021

Variable Interest Entity [Abstract]

Subsidiary balance sheet

Delek Logistics is a VIE, as defined under GAAP, and is consolidated into our condensed consolidated financial statements, representing our logistics segment. The assets of Delek Logistics can only be used to settle its own obligations and its creditors have no recourse to our assets. Exclusive of intercompany balances and the marketing agreement intangible asset between Delek Logistics and Delek which are eliminated in consolidation, the Delek Logistics condensed consolidated balance sheets as presented below are included in the condensed consolidated balance sheets of Delek (unaudited, in millions).

	September 30, 2021		December 31, 2020
ASSETS
Cash and cash equivalents	$	4.9	$	4.2
Accounts receivable	18.4		15.7
Accounts receivable from related parties	—		5.9
Inventory	2.2		3.1
Other current assets	1.1		0.4
Property, plant and equipment, net	448.2		464.8
Equity method investments	251.9		253.7
Operating lease right-of-use assets	22.9		24.2
Goodwill	12.2		12.2
Intangible assets, net	155.4		160.1
Other non-current assets	13.3		12.1
Total assets	$	930.5	$	956.4
LIABILITIES AND DEFICIT
Accounts payable	$	7.4	$	6.7
Accounts payable to related parties	44.6		—
Current portion of operating lease liabilities	7.4		8.7
Accrued expenses and other current liabilities	28.6		12.9
Long-term debt	901.4		992.3
Asset retirement obligations	6.4		6.0
Operating lease liabilities, net of current portion	15.5		15.4
Other non-current liabilities	24.0		22.7
Deficit	(104.8)		(108.3)
Total liabilities and deficit	$	930.5	$	956.4