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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 46.7 $ 290.5 $ (95.3)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 351.6 287.0 264.6
Non-cash lease expense 61.9 62.6 60.6
Deferred income taxes (1.6) 61.6 (38.9)
Asset impairment 37.9 0.0 0.0
Income from equity method investments (86.2) (57.7) (18.3)
Dividends from equity method investments 61.0 32.3 29.2
Non-cash lower of cost or market/net realizable value adjustment 0.4 1.9 8.3
Equity-based compensation expense 27.5 29.1 24.6
Other 4.8 14.9 (11.2)
Changes in assets and liabilities:      
Accounts receivable 460.0 (428.9) (253.3)
Inventories and other current assets 557.9 (254.4) (468.6)
Fair value of derivatives 4.0 (4.6) 39.6
Accounts payable and other current liabilities (303.3) 298.7 702.5
Obligation under Inventory Intermediation Agreements (192.1) 102.3 139.8
Non-current assets and liabilities, net (16.9) (10.0) (12.2)
Net cash provided by operating activities 1,013.6 425.3 371.4
Cash flows from investing activities:      
Acquisition of 3 Bear 0.0 (625.6) 0.0
Equity method investment contributions 0.0 (0.1) (1.7)
Distributions from equity method investments 14.9 9.9 10.3
Purchases of property, plant and equipment (419.6) (311.4) (222.2)
Purchase of equity securities (11.9) 0.0 0.0
Purchases of intangible assets (4.3) (5.6) (1.0)
Proceeds from sale of property, plant and equipment 2.6 1.2 11.9
Insurance proceeds 10.3 0.0 7.0
Contract termination recoveries of capital expenditures 0.0 0.0 17.3
Net cash used in investing activities (408.0) (931.6) (178.4)
Cash flows from financing activities:      
Proceeds from long-term revolvers 3,545.8 3,385.3 1,339.3
Payments on long-term revolvers (3,980.8) (2,472.8) (1,827.9)
Proceeds from term debt 0.0 1,250.0 400.0
Payments on term debt (28.2) (1,289.1) (43.4)
Proceeds from product and other financing agreements 1,187.3 994.6 916.1
Repayments of product and other financing agreements (1,212.7) (1,006.9) (877.6)
Proceeds from Inventory Intermediation Agreement 32.2 538.8 0.0
Proceeds from termination of Supply & Offtake Obligation 25.8 (586.9) 0.0
Taxes paid due to the net settlement of equity-based compensation (5.2) (6.5) (4.2)
Repurchase of common stock (85.4) (129.6) 0.0
Distribution to non-controlling interest (38.6) (36.0) (32.4)
Proceeds from sale of Delek Logistics common limited partner units 0.0 16.4 2.1
Proceeds from issuance of Delek Logistic common limited partner units, net 0.0 3.1 0.0
Purchase of Delek common stock from IEP Energy Holding LLC 0.0 (64.0) 0.0
Dividends paid (60.3) (42.8) 0.0
Financing commitment cancellation proceeds 0.0 0.0 10.2
Deferred financing costs paid (4.6) (62.5) (6.2)
Net cash (used in) provided by financing activities (624.7) 491.1 (124.0)
Net (decrease) increase in cash and cash equivalents (19.1) (15.2) 69.0
Cash and cash equivalents at the beginning of the period 841.3 856.5 787.5
Cash and cash equivalents at the end of the period 822.2 841.3 856.5
Cash paid during the period for:      
Interest, net of capitalized interest of $5.5 million, $2.1 million and $0.9 million in the 2023, 2022 and 2021 periods, respectively 323.5 186.7 125.3
Income taxes 10.8 27.6 4.2
Non-cash investing activities:      
(Decrease) increase in accrued capital expenditures (30.3) 31.8 4.9
Non-cash financing activities:      
Non-cash lease liability arising from obtaining right-of-use assets during the period $ 57.1 $ 28.6 $ 102.8