Delek Logistics (Tables)

3 Months Ended

Mar. 31, 2020

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. 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).

	March 31, 2020			December 31, 2019
ASSETS
Cash and cash equivalents	$	4.2		$	5.5
Accounts receivable	12.4			13.2
Inventory	5.1			12.6
Other current assets	0.9			2.3
Property, plant and equipment, net	479.5			295.0
Equity method investments	255.7			247.0
Operating lease right-of-use assets	3.5			3.7
Goodwill	12.2			12.2
Intangible assets, net	166.5			146.6
Other non-current assets	6.2			6.3
Total assets	$	946.2		$	744.4
LIABILITIES AND DEFICIT
Accounts payable	$	4.4		$	12.5
Accounts payable to related parties	2.1			8.9
Current portion of operating lease liabilities	1.5			1.4
Accrued expenses and other current liabilities	14.6			12.2
Long-term debt	940.0			833.1
Asset retirement obligations	5.7			5.6
Deferred tax liabilities	1.0			0.2
Operating lease liabilities, net of current portion	2.0			2.3
Other non-current liabilities	19.3			19.3
Deficit	(44.4		)	(151.1		)
Total liabilities and deficit	$	946.2		$	744.4