Delek Logistics and the Alon Partnership (Tables)

3 Months Ended

Mar. 31, 2019

Variable Interest Entity [Abstract]

Subsidiary balance sheet

Delek Logistics is a variable interest entity, as defined under GAAP, and is consolidated into our condensed consolidated financial statements, representing our logistics segment. With the exception of intercompany balances and the marketing agreement intangible asset and Delek's related deferred revenue which are eliminated in consolidation, the Delek Logistics condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018, as presented below, are included in the consolidated balance sheets of Delek (unaudited, in millions).

	March 31, 2019			December 31, 2018
ASSETS
Cash and cash equivalents	$	5.4		$	4.5
Accounts receivable	21.5			21.6
Inventory	6.7			5.5
Other current assets	0.6			1.0
Property, plant and equipment, net	306.9			312.6
Equity method investments	107.8			104.8
Operating lease right-of-use assets	19.2			—
Goodwill	12.2			12.2
Intangible assets, net	136.4			138.2
Other non-current assets	23.5			24.2
Total assets	$	640.2		$	624.6
LIABILITIES AND DEFICIT
Accounts payable	$	5.5		$	14.2
Accounts payable to related parties	10.5			7.8
Current portion of operating lease liabilities	4.3			—
Accrued expenses and other current liabilities	18.7			14.5
Long-term debt	705.2			700.4
Asset retirement obligations	5.3			5.2
Operating lease liabilities, net of current portion	14.9			—
Other non-current liabilities	17.7			17.3
Deficit	(141.9		)	(134.8		)
Total liabilities and deficit	$	640.2		$	624.6