0001694426-21-000154.txt : 20210805 0001694426-21-000154.hdr.sgml : 20210805 20210805143229 ACCESSION NUMBER: 0001694426-21-000154 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 134 CONFORMED PERIOD OF REPORT: 20210630 FILED AS OF DATE: 20210805 DATE AS OF CHANGE: 20210805 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Delek US Holdings, Inc. CENTRAL INDEX KEY: 0001694426 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 352581557 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38142 FILM NUMBER: 211147568 BUSINESS ADDRESS: STREET 1: 7102 COMMERCE WAY CITY: BRENTWOOD STATE: TN ZIP: 37027 BUSINESS PHONE: 615-721-3715 MAIL ADDRESS: STREET 1: 7102 COMMERCE WAY CITY: BRENTWOOD STATE: TN ZIP: 37027 FORMER COMPANY: FORMER CONFORMED NAME: Delek Holdco, Inc. DATE OF NAME CHANGE: 20170111 10-Q 1 dk-20210630.htm 10-Q dk-20210630
000169442612/312021Q2FALSE33.33P1YP1Y00016944262021-01-012021-06-30xbrli:shares00016944262021-07-30iso4217:USD00016944262021-06-3000016944262020-12-31iso4217:USDxbrli:shares00016944262021-04-012021-06-3000016944262020-04-012020-06-3000016944262020-01-012020-06-300001694426us-gaap:CommodityContractMember2021-04-012021-06-300001694426us-gaap:CommodityContractMember2020-04-012020-06-300001694426us-gaap:CommodityContractMember2021-01-012021-06-300001694426us-gaap:CommodityContractMember2020-01-012020-06-300001694426us-gaap:CommonStockMember2021-03-310001694426us-gaap:AdditionalPaidInCapitalMember2021-03-310001694426us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310001694426us-gaap:RetainedEarningsMember2021-03-310001694426us-gaap:TreasuryStockMember2021-03-310001694426us-gaap:NoncontrollingInterestMember2021-03-3100016944262021-03-310001694426us-gaap:RetainedEarningsMember2021-04-012021-06-300001694426us-gaap:NoncontrollingInterestMember2021-04-012021-06-300001694426us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300001694426us-gaap:CommonStockMember2021-04-012021-06-300001694426us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300001694426us-gaap:TreasuryStockMember2021-04-012021-06-300001694426us-gaap:CommonStockMember2021-06-300001694426us-gaap:AdditionalPaidInCapitalMember2021-06-300001694426us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300001694426us-gaap:RetainedEarningsMember2021-06-300001694426us-gaap:TreasuryStockMember2021-06-300001694426us-gaap:NoncontrollingInterestMember2021-06-300001694426us-gaap:CommonStockMember2020-03-310001694426us-gaap:AdditionalPaidInCapitalMember2020-03-310001694426us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310001694426us-gaap:RetainedEarningsMember2020-03-310001694426us-gaap:TreasuryStockMember2020-03-310001694426us-gaap:NoncontrollingInterestMember2020-03-3100016944262020-03-310001694426us-gaap:RetainedEarningsMember2020-04-012020-06-300001694426us-gaap:NoncontrollingInterestMember2020-04-012020-06-300001694426us-gaap:CommodityContractMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001694426us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300001694426us-gaap:CommonStockMember2020-04-012020-06-300001694426us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001694426us-gaap:TreasuryStockMember2020-04-012020-06-300001694426us-gaap:CommonStockMember2020-06-300001694426us-gaap:AdditionalPaidInCapitalMember2020-06-300001694426us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001694426us-gaap:RetainedEarningsMember2020-06-300001694426us-gaap:TreasuryStockMember2020-06-300001694426us-gaap:NoncontrollingInterestMember2020-06-3000016944262020-06-300001694426us-gaap:CommonStockMember2020-12-310001694426us-gaap:AdditionalPaidInCapitalMember2020-12-310001694426us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001694426us-gaap:RetainedEarningsMember2020-12-310001694426us-gaap:TreasuryStockMember2020-12-310001694426us-gaap:NoncontrollingInterestMember2020-12-310001694426us-gaap:RetainedEarningsMember2021-01-012021-06-300001694426us-gaap:NoncontrollingInterestMember2021-01-012021-06-300001694426us-gaap:CommodityContractMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-300001694426us-gaap:AdditionalPaidInCapitalMember2021-01-012021-06-300001694426us-gaap:CommonStockMember2021-01-012021-06-300001694426us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-300001694426us-gaap:TreasuryStockMember2021-01-012021-06-300001694426us-gaap:CommonStockMember2019-12-310001694426us-gaap:AdditionalPaidInCapitalMember2019-12-310001694426us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001694426us-gaap:RetainedEarningsMember2019-12-310001694426us-gaap:TreasuryStockMember2019-12-310001694426us-gaap:NoncontrollingInterestMember2019-12-3100016944262019-12-310001694426srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2019-12-310001694426srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310001694426us-gaap:RetainedEarningsMember2020-01-012020-06-300001694426us-gaap:NoncontrollingInterestMember2020-01-012020-06-300001694426us-gaap:CommodityContractMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-300001694426us-gaap:AdditionalPaidInCapitalMember2020-01-012020-06-300001694426us-gaap:TreasuryStockMember2020-01-012020-06-300001694426us-gaap:CommonStockMember2020-01-012020-06-300001694426us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-30utr:bblutr:D0001694426dk:RefiningMember2021-01-012021-06-300001694426dk:TylerRefineryMemberdk:RefiningMember2021-01-012021-06-300001694426dk:ElDoradoRefineryMemberdk:RefiningMember2021-01-012021-06-300001694426dk:BigSpringRefineryMemberdk:RefiningMember2021-01-012021-06-300001694426dk:KrotzSpringRefineryMemberdk:RefiningMember2021-01-012021-06-30dk:facility0001694426dk:AlonBakersfieldPropertyInc.Member2020-05-0700016944262020-05-07dk:store0001694426dk:RefiningMember2021-04-012021-06-300001694426dk:LogisticsMember2021-04-012021-06-300001694426dk:RetailSegmentMember2021-04-012021-06-300001694426us-gaap:CorporateNonSegmentMember2021-04-012021-06-300001694426us-gaap:IntersegmentEliminationMemberdk:RefiningMember2021-04-012021-06-300001694426us-gaap:IntersegmentEliminationMemberdk:LogisticsMember2021-04-012021-06-300001694426us-gaap:IntersegmentEliminationMemberdk:RetailSegmentMember2021-04-012021-06-300001694426us-gaap:IntersegmentEliminationMember2021-04-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:RefiningMemberus-gaap:ProductMember2021-04-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:LogisticsMemberus-gaap:ProductMember2021-04-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:RetailSegmentMemberus-gaap:ProductMember2021-04-012021-06-300001694426us-gaap:CorporateNonSegmentMemberus-gaap:ProductMember2021-04-012021-06-300001694426us-gaap:ProductMember2021-04-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:RefiningMember2021-04-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:LogisticsMember2021-04-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:RetailSegmentMember2021-04-012021-06-300001694426dk:RefiningMember2020-04-012020-06-300001694426dk:LogisticsMember2020-04-012020-06-300001694426dk:RetailSegmentMember2020-04-012020-06-300001694426us-gaap:CorporateNonSegmentMember2020-04-012020-06-300001694426us-gaap:IntersegmentEliminationMemberdk:RefiningMember2020-04-012020-06-300001694426us-gaap:IntersegmentEliminationMemberdk:LogisticsMember2020-04-012020-06-300001694426us-gaap:IntersegmentEliminationMemberdk:RetailSegmentMember2020-04-012020-06-300001694426us-gaap:IntersegmentEliminationMember2020-04-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:RefiningMemberus-gaap:ProductMember2020-04-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:LogisticsMemberus-gaap:ProductMember2020-04-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:RetailSegmentMemberus-gaap:ProductMember2020-04-012020-06-300001694426us-gaap:CorporateNonSegmentMemberus-gaap:ProductMember2020-04-012020-06-300001694426us-gaap:ProductMember2020-04-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:RefiningMember2020-04-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:LogisticsMember2020-04-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:RetailSegmentMember2020-04-012020-06-300001694426dk:LogisticsMember2021-01-012021-06-300001694426dk:RetailSegmentMember2021-01-012021-06-300001694426us-gaap:CorporateNonSegmentMember2021-01-012021-06-300001694426us-gaap:IntersegmentEliminationMemberdk:RefiningMember2021-01-012021-06-300001694426us-gaap:IntersegmentEliminationMemberdk:LogisticsMember2021-01-012021-06-300001694426us-gaap:IntersegmentEliminationMemberdk:RetailSegmentMember2021-01-012021-06-300001694426us-gaap:IntersegmentEliminationMember2021-01-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:RefiningMemberus-gaap:ProductMember2021-01-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:LogisticsMemberus-gaap:ProductMember2021-01-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:RetailSegmentMemberus-gaap:ProductMember2021-01-012021-06-300001694426us-gaap:CorporateNonSegmentMemberus-gaap:ProductMember2021-01-012021-06-300001694426us-gaap:ProductMember2021-01-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:RefiningMember2021-01-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:LogisticsMember2021-01-012021-06-300001694426us-gaap:OperatingSegmentsMemberdk:RetailSegmentMember2021-01-012021-06-300001694426dk:RefiningMember2020-01-012020-06-300001694426dk:LogisticsMember2020-01-012020-06-300001694426dk:RetailSegmentMember2020-01-012020-06-300001694426us-gaap:CorporateNonSegmentMember2020-01-012020-06-300001694426us-gaap:IntersegmentEliminationMemberdk:RefiningMember2020-01-012020-06-300001694426us-gaap:IntersegmentEliminationMemberdk:LogisticsMember2020-01-012020-06-300001694426us-gaap:IntersegmentEliminationMemberdk:RetailSegmentMember2020-01-012020-06-300001694426us-gaap:IntersegmentEliminationMember2020-01-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:RefiningMemberus-gaap:ProductMember2020-01-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:LogisticsMemberus-gaap:ProductMember2020-01-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:RetailSegmentMemberus-gaap:ProductMember2020-01-012020-06-300001694426us-gaap:CorporateNonSegmentMemberus-gaap:ProductMember2020-01-012020-06-300001694426us-gaap:ProductMember2020-01-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:RefiningMember2020-01-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:LogisticsMember2020-01-012020-06-300001694426us-gaap:OperatingSegmentsMemberdk:RetailSegmentMember2020-01-012020-06-3000016944262021-01-012021-03-310001694426us-gaap:OperatingSegmentsMemberdk:RefiningMember2021-06-300001694426us-gaap:OperatingSegmentsMemberdk:LogisticsMember2021-06-300001694426us-gaap:OperatingSegmentsMemberdk:RetailSegmentMember2021-06-300001694426dk:CorporateAndEliminationsMember2021-06-300001694426us-gaap:IntersegmentEliminationMemberdk:RefiningMember2021-06-300001694426us-gaap:IntersegmentEliminationMemberdk:LogisticsMember2021-06-300001694426us-gaap:IntersegmentEliminationMemberdk:RetailSegmentMember2021-06-300001694426us-gaap:IntersegmentEliminationMember2021-06-300001694426dk:RefiningMember2021-06-300001694426dk:LogisticsMember2021-06-300001694426dk:RetailSegmentMember2021-06-300001694426us-gaap:CorporateNonSegmentMember2021-06-300001694426dk:CorporateReconcilingItemsAndEliminationsMember2021-06-300001694426dk:CorporateReconcilingItemsAndEliminationsMember2021-04-012021-06-300001694426dk:CorporateReconcilingItemsAndEliminationsMember2021-01-012021-06-30xbrli:pure0001694426dk:StockCompensationPlanExcludingLossMember2021-04-012021-06-300001694426dk:StockCompensationPlanExcludingLossMember2020-04-012020-06-300001694426dk:StockCompensationPlanExcludingLossMember2021-01-012021-06-300001694426dk:StockCompensationPlanExcludingLossMember2020-01-012020-06-300001694426dk:StockCompensationPlanLossMember2021-04-012021-06-300001694426dk:StockCompensationPlanLossMember2020-04-012020-06-300001694426dk:StockCompensationPlanLossMember2021-01-012021-06-300001694426dk:StockCompensationPlanLossMember2020-01-012020-06-300001694426us-gaap:StockCompensationPlanMember2021-04-012021-06-300001694426us-gaap:StockCompensationPlanMember2020-04-012020-06-300001694426us-gaap:StockCompensationPlanMember2021-01-012021-06-300001694426us-gaap:StockCompensationPlanMember2020-01-012020-06-300001694426us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberdk:DelekLogisticsMember2021-01-012021-06-300001694426us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberdk:DelekLogisticsMember2021-06-300001694426dk:DelekLogisticsMember2020-08-132020-08-130001694426dk:DelekLogisticsGPLLCMember2020-08-132020-08-130001694426dk:DelekLogisticsGPLLCMemberdk:DelekLogisticsGPLLCMember2020-08-130001694426dk:DelekLogisticsGPLLCMember2020-08-130001694426dk:DelekLogisticsMember2020-08-310001694426us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberdk:DelekLogisticsPartnersLPMember2021-06-300001694426us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberdk:DelekLogisticsPartnersLPMember2020-12-310001694426dk:DelekTruckingMember2020-05-012020-05-010001694426dk:BigSpringGatheringAssetMember2020-03-312020-03-310001694426us-gaap:LimitedPartnerMember2020-03-012020-03-310001694426dk:WinktoWebsterPipelineLLCMember2019-07-300001694426dk:WinktoWebsterPipelineLLCMember2020-01-012020-06-300001694426dk:W2WHoldingsLLCMember2020-02-210001694426dk:WinktoWebsterPipelineLLCMember2021-06-300001694426dk:WinktoWebsterPipelineLLCMember2020-12-310001694426dk:WinktoWebsterPipelineLLCMember2021-04-012021-06-300001694426dk:WinktoWebsterPipelineLLCMember2021-01-012021-06-300001694426dk:WinktoWebsterPipelineLLCMember2020-04-012020-06-300001694426dk:RedRiverPipelineCompanyLLCMember2019-05-310001694426dk:RedRiverExpansionMember2019-05-310001694426dk:RedRiverExpansionMember2020-01-012020-12-310001694426dk:RedRiverExpansionMember2021-01-012021-06-300001694426dk:RedRiverMember2021-06-300001694426dk:RedRiverMember2020-12-310001694426dk:RedRiverMember2021-04-012021-06-300001694426dk:RedRiverMember2021-01-012021-06-300001694426dk:RedRiverMember2020-04-012020-06-300001694426dk:RedRiverMember2020-01-012020-06-30dk:joint_venture0001694426dk:DelekLogisticsPartnersLPMemberdk:JointVenturesMember2021-01-012021-06-300001694426dk:CPLLCMember2021-06-300001694426dk:RangelandRioMember2021-06-300001694426dk:DelekLogisticsPartnersLPMemberdk:JointVenturesMember2021-06-300001694426dk:DelekLogisticsPartnersLPMemberdk:JointVenturesMember2020-12-310001694426dk:DelekLogisticsPartnersLPMemberdk:JointVenturesMember2021-04-012021-06-300001694426dk:DelekLogisticsPartnersLPMemberdk:JointVenturesMember2020-04-012020-06-300001694426dk:DelekLogisticsPartnersLPMemberdk:JointVenturesMember2020-01-012020-06-300001694426dk:JointVenturesMemberdk:DelekUSHoldingsInc.Member2021-06-300001694426dk:JointVenturesMemberdk:DelekUSHoldingsInc.Member2020-12-310001694426dk:JointVenturesMemberdk:DelekUSHoldingsInc.Member2021-04-012021-06-300001694426dk:JointVenturesMemberdk:DelekUSHoldingsInc.Member2021-01-012021-06-300001694426dk:JointVenturesMemberdk:DelekUSHoldingsInc.Member2020-04-012020-06-300001694426dk:JointVenturesMemberdk:DelekUSHoldingsInc.Member2020-01-012020-06-300001694426dk:DelekRenewablesLLCMemberdk:JointVenturesMember2021-06-300001694426dk:DelekRenewablesLLCMemberdk:JointVenturesMember2020-12-310001694426dk:DelekRenewablesLLCMemberdk:JointVenturesMember2021-04-012021-06-300001694426dk:DelekRenewablesLLCMemberdk:JointVenturesMember2021-01-012021-06-300001694426dk:DelekRenewablesLLCMemberdk:JointVenturesMember2020-04-012020-06-300001694426dk:DelekRenewablesLLCMemberdk:JointVenturesMember2020-01-012020-06-300001694426dk:RefiningMember2020-12-310001694426dk:RetailSegmentMember2020-12-310001694426dk:LogisticsMember2020-12-310001694426dk:LIFOinventoryMember2021-06-300001694426dk:LIFOinventoryMember2020-12-310001694426us-gaap:CostOfSalesMember2021-04-012021-06-300001694426us-gaap:CostOfSalesMember2021-01-012021-06-300001694426us-gaap:CostOfSalesMember2020-04-012020-06-300001694426us-gaap:CostOfSalesMember2020-01-012020-06-30utr:bbl0001694426dk:ElDoradoRefineryMemberdk:J.AronCompanyMemberdk:BaselineStepOutLiabilityMember2021-06-300001694426dk:J.AronCompanyMemberdk:BaselineStepOutLiabilityMemberdk:BigSpringRefineryMember2021-06-300001694426dk:J.AronCompanyMemberdk:BaselineStepOutLiabilityMemberdk:KrotzSpringRefineryMember2021-06-300001694426dk:ElDoradoRefineryMemberdk:J.AronCompanyMember2021-06-300001694426dk:J.AronCompanyMemberdk:BigSpringRefineryMember2021-06-300001694426dk:J.AronCompanyMemberdk:KrotzSpringRefineryMember2021-06-300001694426dk:ElDoradoRefineryMemberdk:J.AronCompanyMember2020-12-310001694426dk:J.AronCompanyMemberdk:BigSpringRefineryMember2020-12-310001694426dk:J.AronCompanyMemberdk:KrotzSpringRefineryMember2020-12-310001694426dk:J.AronCompanyMemberdk:BaselineStepOutLiabilityMember2020-01-012020-03-3100016944262020-10-302020-10-3000016944262021-05-012021-05-010001694426dk:J.AronCompanyMemberdk:BigSpringAndKrotzSpringMember2020-12-310001694426dk:ElDoradoRefineryMemberdk:BaselineStepOutLiabilityMember2021-06-300001694426dk:BaselineStepOutLiabilityMemberdk:BigSpringRefineryMember2021-06-300001694426dk:BaselineStepOutLiabilityMemberdk:KrotzSpringRefineryMember2021-06-300001694426dk:BaselineStepOutLiabilityMember2021-06-300001694426dk:ElDoradoRefineryMember2021-06-300001694426dk:BigSpringRefineryMember2021-06-300001694426dk:KrotzSpringRefineryMember2021-06-300001694426dk:ElDoradoRefineryMemberdk:BaselineStepOutLiabilityMember2020-12-310001694426dk:BaselineStepOutLiabilityMemberdk:BigSpringRefineryMember2020-12-310001694426dk:BaselineStepOutLiabilityMemberdk:KrotzSpringRefineryMember2020-12-310001694426dk:BaselineStepOutLiabilityMember2020-12-310001694426dk:ElDoradoRefineryMember2020-12-310001694426dk:BigSpringRefineryMember2020-12-310001694426dk:KrotzSpringRefineryMember2020-12-310001694426dk:ElDoradoRefineryMemberdk:J.AronCompanyMemberus-gaap:InterestExpenseMember2021-04-012021-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMemberdk:BigSpringRefineryMember2021-04-012021-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMemberdk:KrotzSpringRefineryMember2021-04-012021-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMember2021-04-012021-06-300001694426dk:ElDoradoRefineryMemberdk:J.AronCompanyMemberus-gaap:InterestExpenseMember2020-04-012020-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMemberdk:BigSpringRefineryMember2020-04-012020-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMemberdk:KrotzSpringRefineryMember2020-04-012020-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMember2020-04-012020-06-300001694426dk:ElDoradoRefineryMemberdk:J.AronCompanyMemberus-gaap:InterestExpenseMember2021-01-012021-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMemberdk:BigSpringRefineryMember2021-01-012021-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMemberdk:KrotzSpringRefineryMember2021-01-012021-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMember2021-01-012021-06-300001694426dk:ElDoradoRefineryMemberdk:J.AronCompanyMemberus-gaap:InterestExpenseMember2020-01-012020-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMemberdk:BigSpringRefineryMember2020-01-012020-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMemberdk:KrotzSpringRefineryMember2020-01-012020-06-300001694426dk:J.AronCompanyMemberus-gaap:InterestExpenseMember2020-01-012020-06-300001694426dk:J.AronCompanyMemberdk:BigSpringAndKrotzSpringMember2021-06-300001694426us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2021-06-300001694426us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2020-12-310001694426us-gaap:SecuredDebtMemberdk:DelekTermLoanCreditFacilityMember2021-06-300001694426us-gaap:SecuredDebtMemberdk:DelekTermLoanCreditFacilityMember2020-12-310001694426us-gaap:SecuredDebtMemberdk:HapoalimTermLoanMember2021-06-300001694426us-gaap:SecuredDebtMemberdk:HapoalimTermLoanMember2020-12-310001694426us-gaap:RevolvingCreditFacilityMemberdk:DklRevolverMemberus-gaap:LineOfCreditMember2021-06-300001694426us-gaap:RevolvingCreditFacilityMemberdk:DklRevolverMemberus-gaap:LineOfCreditMember2020-12-310001694426dk:A2025NotesMemberus-gaap:SeniorNotesMember2021-06-300001694426dk:A2025NotesMemberus-gaap:SeniorNotesMember2020-12-310001694426dk:A2028NotesMemberus-gaap:SeniorNotesMember2021-06-300001694426dk:A2028NotesMemberus-gaap:SeniorNotesMember2020-12-310001694426dk:ReliantBankRevolverMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2021-06-300001694426dk:ReliantBankRevolverMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2020-12-310001694426dk:PromissoryNotesMember2021-06-300001694426dk:PromissoryNotesMember2020-12-310001694426dk:HapoalimTermLoanMemberus-gaap:SeniorNotesMember2021-06-300001694426dk:HapoalimTermLoanMemberus-gaap:SeniorNotesMember2020-12-310001694426us-gaap:SecuredDebtMember2018-03-300001694426us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2018-03-30iso4217:CAD0001694426us-gaap:LetterOfCreditMember2018-03-300001694426us-gaap:SecuredDebtMember2018-03-302018-03-300001694426us-gaap:SecuredDebtMemberdk:IncrementalTermLoansMember2018-03-300001694426us-gaap:SecuredDebtMemberdk:IncrementalTermLoansMember2019-05-220001694426us-gaap:SecuredDebtMemberdk:IncrementalTermLoansMember2019-11-120001694426us-gaap:SecuredDebtMemberdk:IncrementalTermLoansMember2020-05-190001694426us-gaap:SecuredDebtMember2020-05-190001694426us-gaap:SecuredDebtMemberus-gaap:BaseRateMember2018-10-262018-10-260001694426us-gaap:SecuredDebtMemberus-gaap:LondonInterbankOfferedRateLIBORMember2018-10-262018-10-260001694426us-gaap:SecuredDebtMemberus-gaap:LondonInterbankOfferedRateLIBORMemberdk:IncrementalTermLoansMember2020-05-192020-05-190001694426us-gaap:SecuredDebtMemberus-gaap:BaseRateMemberdk:IncrementalTermLoansMember2020-05-192020-05-190001694426us-gaap:RevolvingCreditFacilityMemberus-gaap:BaseRateMemberus-gaap:LineOfCreditMember2018-03-302018-03-300001694426us-gaap:RevolvingCreditFacilityMemberus-gaap:BaseRateMembersrt:MaximumMemberus-gaap:LineOfCreditMember2021-04-012021-06-300001694426us-gaap:RevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMemberus-gaap:LineOfCreditMember2018-03-302018-03-300001694426us-gaap:RevolvingCreditFacilityMembersrt:MaximumMemberus-gaap:LondonInterbankOfferedRateLIBORMemberus-gaap:LineOfCreditMember2021-04-012021-06-300001694426srt:MinimumMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2018-03-302018-03-300001694426us-gaap:RevolvingCreditFacilityMembersrt:MaximumMemberus-gaap:LineOfCreditMember2018-03-302018-03-300001694426us-gaap:RevolvingCreditFacilityMembersrt:MaximumMemberus-gaap:LineOfCreditMember2021-01-012021-06-300001694426us-gaap:SecuredDebtMemberdk:IncrementalTermLoansMember2019-11-122019-11-120001694426us-gaap:SecuredDebtMembersrt:MinimumMember2018-03-300001694426us-gaap:SecuredDebtMembersrt:MaximumMember2018-03-300001694426us-gaap:SecuredDebtMemberdk:IncrementalTermLoansMember2020-05-192020-05-190001694426us-gaap:SecuredDebtMember2021-06-300001694426dk:HapoalimTermLoanMemberus-gaap:LineOfCreditMember2019-12-310001694426us-gaap:LondonInterbankOfferedRateLIBORMemberdk:HapoalimTermLoanMemberus-gaap:LineOfCreditMember2019-12-312019-12-310001694426dk:HapoalimTermLoanMemberus-gaap:LineOfCreditMember2019-12-312019-12-310001694426dk:HapoalimTermLoanMemberus-gaap:LineOfCreditMember2021-06-300001694426us-gaap:RevolvingCreditFacilityMemberdk:FifthThirdBankMemberdk:DklRevolverMemberus-gaap:LineOfCreditMember2018-09-280001694426us-gaap:RevolvingCreditFacilityMemberus-gaap:BaseRateMemberdk:FifthThirdBankMemberdk:DklRevolverMemberus-gaap:LineOfCreditMember2021-01-012021-06-300001694426us-gaap:RevolvingCreditFacilityMemberdk:FifthThirdBankMemberdk:CanadianprimerateMemberdk:DklRevolverMemberus-gaap:LineOfCreditMember2021-01-012021-06-300001694426us-gaap:RevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMemberdk:FifthThirdBankMemberdk:DklRevolverMemberus-gaap:LineOfCreditMember2021-01-012021-06-300001694426us-gaap:RevolvingCreditFacilityMemberdk:FifthThirdBankMemberdk:DklRevolverMemberus-gaap:LineOfCreditMember2021-06-300001694426us-gaap:RevolvingCreditFacilityMemberdk:FifthThirdBankMemberdk:DklRevolverMemberus-gaap:LineOfCreditMember2021-01-012021-06-3000016944262020-08-310001694426dk:A2025NotesMemberus-gaap:SeniorNotesMember2017-05-230001694426us-gaap:DebtInstrumentRedemptionPeriodThreeMemberdk:A2025NotesMemberus-gaap:SeniorNotesMember2017-05-232017-05-230001694426dk:A2025NotesMemberus-gaap:DebtInstrumentRedemptionPeriodFourMemberus-gaap:SeniorNotesMember2017-05-232017-05-230001694426dk:A2025NotesMemberus-gaap:DebtInstrumentRedemptionPeriodFiveMemberus-gaap:SeniorNotesMember2017-05-232017-05-230001694426dk:A2025NotesMemberus-gaap:SeniorNotesMember2021-01-012021-06-300001694426dk:A2028NotesMemberus-gaap:SeniorNotesMember2021-05-240001694426dk:A2028NotesMemberus-gaap:SeniorNotesMember2021-05-242021-05-240001694426dk:A2028NotesMemberus-gaap:DebtInstrumentRedemptionPeriodOneMemberus-gaap:SeniorNotesMember2021-05-242021-05-240001694426dk:A2028NotesMemberus-gaap:DebtInstrumentRedemptionPeriodTwoMemberus-gaap:SeniorNotesMember2021-05-242021-05-240001694426us-gaap:DebtInstrumentRedemptionPeriodThreeMemberdk:A2028NotesMemberus-gaap:SeniorNotesMember2021-05-242021-05-240001694426dk:A2028NotesMemberus-gaap:DebtInstrumentRedemptionPeriodFourMemberus-gaap:SeniorNotesMember2021-05-242021-05-240001694426dk:ReliantBankRevolverMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2021-01-012021-06-30dk:note_payable0001694426us-gaap:LoansPayableMemberdk:AlonUSAEnergyInc.Memberdk:UnsecuredPromissoryNoteAlonMember2015-05-140001694426us-gaap:LoansPayableMemberdk:AlonUSAEnergyInc.Memberdk:UnsecuredPromissoryNoteAlonMember2015-05-142015-05-140001694426us-gaap:CommodityContractMemberus-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMember2021-06-300001694426us-gaap:CommodityContractMemberus-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMember2020-12-310001694426us-gaap:CommodityContractMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:NondesignatedMember2021-06-300001694426us-gaap:CommodityContractMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:NondesignatedMember2020-12-310001694426us-gaap:OtherNoncurrentAssetsMemberus-gaap:CommodityContractMemberus-gaap:NondesignatedMember2021-06-300001694426us-gaap:OtherNoncurrentAssetsMemberus-gaap:CommodityContractMemberus-gaap:NondesignatedMember2020-12-310001694426us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:CommodityContractMemberus-gaap:NondesignatedMember2021-06-300001694426us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:CommodityContractMemberus-gaap:NondesignatedMember2020-12-310001694426us-gaap:NondesignatedMemberdk:RINCommitmentContractsMemberus-gaap:OtherCurrentAssetsMember2021-06-300001694426us-gaap:NondesignatedMemberdk:RINCommitmentContractsMemberus-gaap:OtherCurrentAssetsMember2020-12-310001694426us-gaap:OtherCurrentLiabilitiesMemberus-gaap:NondesignatedMemberdk:RINCommitmentContractsMember2021-06-300001694426us-gaap:OtherCurrentLiabilitiesMemberus-gaap:NondesignatedMemberdk:RINCommitmentContractsMember2020-12-310001694426us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentAssetsMember2021-06-300001694426us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentAssetsMember2020-12-310001694426us-gaap:CommodityContractMembersrt:OilReservesMember2021-06-300001694426us-gaap:CommodityContractMembersrt:OilReservesMember2020-12-310001694426us-gaap:CommodityContractMembersrt:OilReservesMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310001694426us-gaap:CommodityContractMembersrt:OilReservesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-06-30utr:MMBTU0001694426us-gaap:CommodityContractMembersrt:NaturalGasReservesMember2020-12-310001694426us-gaap:CommodityContractMembersrt:NaturalGasReservesMember2021-06-30dk:rins0001694426dk:RINCommitmentContractsMember2021-06-300001694426dk:RINCommitmentContractsMember2020-12-310001694426us-gaap:CommodityContractMemberus-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2021-04-012021-06-300001694426us-gaap:CommodityContractMemberus-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2020-04-012020-06-300001694426us-gaap:CommodityContractMemberus-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2021-01-012021-06-300001694426us-gaap:CommodityContractMemberus-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2020-01-012020-06-300001694426us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:CommodityContractMemberus-gaap:NondesignatedMember2021-04-012021-06-300001694426us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:CommodityContractMemberus-gaap:NondesignatedMember2020-04-012020-06-300001694426us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:CommodityContractMemberus-gaap:NondesignatedMember2021-01-012021-06-300001694426us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:CommodityContractMemberus-gaap:NondesignatedMember2020-01-012020-06-300001694426us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CostOfSalesMember2021-04-012021-06-300001694426us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CostOfSalesMember2020-04-012020-06-300001694426us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CostOfSalesMember2021-01-012021-06-300001694426us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CostOfSalesMember2020-01-012020-06-300001694426us-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2021-04-012021-06-300001694426us-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2021-01-012021-06-300001694426us-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2020-04-012020-06-300001694426us-gaap:NondesignatedMemberus-gaap:CostOfSalesMember2020-01-012020-06-300001694426us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-04-012021-06-300001694426us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-04-012020-06-300001694426us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-06-300001694426us-gaap:CommodityContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-06-300001694426us-gaap:CommodityContractMemberus-gaap:CostOfSalesMember2021-04-012021-06-300001694426us-gaap:CommodityContractMemberus-gaap:CostOfSalesMember2021-01-012021-06-300001694426us-gaap:CommodityContractMemberus-gaap:CostOfSalesMember2020-04-012020-06-300001694426us-gaap:CommodityContractMemberus-gaap:CostOfSalesMember2020-01-012020-06-300001694426us-gaap:ForwardContractsMember2021-04-012021-06-300001694426us-gaap:ForwardContractsMember2020-04-012020-06-300001694426us-gaap:ForwardContractsMember2021-01-012021-06-300001694426us-gaap:ForwardContractsMember2020-01-012020-06-300001694426us-gaap:CommodityContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300001694426us-gaap:CommodityContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-06-300001694426us-gaap:CommodityContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300001694426us-gaap:CommodityContractMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberdk:RINCommitmentContractsMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberdk:RINCommitmentContractsMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberdk:RINCommitmentContractsMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberdk:RINCommitmentContractsMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberdk:EnvironmentalCreditsObligationMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberdk:EnvironmentalCreditsObligationMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberdk:EnvironmentalCreditsObligationMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberdk:EnvironmentalCreditsObligationMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberdk:J.AronStepoutLiabilityMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberdk:J.AronStepoutLiabilityMemberus-gaap:FairValueInputsLevel2Member2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberdk:J.AronStepoutLiabilityMember2021-06-300001694426us-gaap:FairValueMeasurementsRecurringMemberdk:J.AronStepoutLiabilityMember2021-06-300001694426us-gaap:CommodityContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310001694426us-gaap:CommodityContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310001694426us-gaap:CommodityContractMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310001694426us-gaap:CommodityContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberdk:RINCommitmentContractsMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberdk:RINCommitmentContractsMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberdk:RINCommitmentContractsMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberdk:RINCommitmentContractsMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberdk:EnvironmentalCreditsObligationMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberdk:EnvironmentalCreditsObligationMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberdk:EnvironmentalCreditsObligationMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberdk:EnvironmentalCreditsObligationMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberdk:J.AronStepoutLiabilityMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberdk:J.AronStepoutLiabilityMemberus-gaap:FairValueInputsLevel2Member2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberdk:J.AronStepoutLiabilityMember2020-12-310001694426us-gaap:FairValueMeasurementsRecurringMemberdk:J.AronStepoutLiabilityMember2020-12-310001694426dk:ElDoradoRefineryPriorOwnerCaseMember2019-10-012019-12-310001694426dk:ArkansasTeacherRetirementSystemVAlonUSAEnergyIncMembersrt:ScenarioForecastMember2021-10-292021-10-290001694426dk:ArkansasTeacherRetirementSystemVAlonUSAEnergyIncMember2021-06-300001694426dk:ElDoradoRefineryPriorOwnerCaseMember2021-06-300001694426dk:ElDoradoRefineryPriorOwnerCaseMember2021-01-012021-06-30dk:employee0001694426dk:ElDoradoRefineryFireMember2021-02-272021-02-270001694426dk:ElDoradoRefineryFireMember2021-01-012021-06-30dk:crudeOilRelease0001694426us-gaap:LetterOfCreditMember2021-06-300001694426us-gaap:DomesticCountryMember2020-12-310001694426us-gaap:SubsequentEventMember2021-07-012021-08-310001694426dk:RelatedPartyTransactionsMemberus-gaap:EquityMethodInvesteeMember2021-04-012021-06-300001694426dk:RelatedPartyTransactionsMemberus-gaap:EquityMethodInvesteeMember2020-04-012020-06-300001694426dk:RelatedPartyTransactionsMemberus-gaap:EquityMethodInvesteeMember2021-01-012021-06-300001694426dk:RelatedPartyTransactionsMemberus-gaap:EquityMethodInvesteeMember2020-01-012020-06-300001694426us-gaap:CommonStockMemberdk:DelekUS2016LongTermIncentivePlansMember2021-05-062021-05-060001694426us-gaap:CommonStockMemberdk:DelekUS2016LongTermIncentivePlansMember2021-05-060001694426us-gaap:GeneralAndAdministrativeExpenseMemberdk:DelekUS2006And2016AndAlonUSAEnergy2005LongTermIncentivePlanMember2021-04-012021-06-300001694426us-gaap:GeneralAndAdministrativeExpenseMemberdk:DelekUS2006And2016AndAlonUSAEnergy2005LongTermIncentivePlanMember2021-01-012021-06-300001694426us-gaap:GeneralAndAdministrativeExpenseMemberdk:DelekUS2006And2016AndAlonUSAEnergy2005LongTermIncentivePlanMember2020-04-012020-06-300001694426us-gaap:GeneralAndAdministrativeExpenseMemberdk:DelekUS2006And2016AndAlonUSAEnergy2005LongTermIncentivePlanMember2020-01-012020-06-300001694426dk:DelekUS2006And2016AndAlonUSAEnergy2005LongTermIncentivePlanMember2021-06-300001694426dk:DelekUS2006And2016AndAlonUSAEnergy2005LongTermIncentivePlanMember2021-01-012021-06-300001694426dk:DelekUS2006And2016AndAlonUSAEnergy2005LongTermIncentivePlanMember2021-04-012021-06-300001694426dk:DelekUS2006And2016AndAlonUSAEnergy2005LongTermIncentivePlanMember2020-04-012020-06-300001694426dk:DelekUS2006And2016AndAlonUSAEnergy2005LongTermIncentivePlanMember2020-01-012020-06-300001694426dk:DelekLogisticsGP2012LongTermIncentivePlanMemberus-gaap:CommonStockMember2021-06-092021-06-090001694426dk:DelekLogisticsGP2012LongTermIncentivePlanMemberus-gaap:CommonStockMember2021-06-090001694426dk:DelekUSEmployeeStockPurchasePlanMemberus-gaap:EmployeeStockMember2021-06-020001694426dk:DelekUSEmployeeStockPurchasePlanMemberus-gaap:EmployeeStockMember2021-06-022021-06-020001694426dk:DelekUSEmployeeStockPurchasePlanMemberus-gaap:EmployeeStockMember2021-01-012021-06-300001694426us-gaap:CommonStockMember2018-11-060001694426srt:MinimumMember2021-06-300001694426srt:MaximumMember2021-06-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2021
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission file number 001-38142
DELEK US HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware
dk-20210630_g1.jpg
35-2581557
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
7102 Commerce Way
Brentwood
Tennessee
37027
(Address of principal executive offices)
(Zip Code)
(615771-6701
(Registrant’s telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, par value $0.01DKNew York Stock Exchange
At July 30, 2021, there were 74,062,177 shares of common stock, $0.01 par value, outstanding (excluding securities held by, or for the account of, the Company or its subsidiaries).


Table of Contents
Delek US Holdings, Inc.
Quarterly Report on Form 10-Q
For the Quarterly Period Ended June 30, 2021

dk-20210630_g2.jpg
2 |
dk-20210630_g3.jpg

Financial Statements
Part I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Delek US Holdings, Inc.
Condensed Consolidated Balance Sheets (Unaudited)
(In millions, except share and per share data)
June 30, 2021December 31, 2020
ASSETS  
Current assets:  
Cash and cash equivalents$833.0 $787.5 
Accounts receivable, net826.3 527.9 
Inventories, net of inventory valuation reserves1,031.2 727.7 
Other current assets271.0 256.4 
Total current assets2,961.5 2,299.5 
Property, plant and equipment:  
Property, plant and equipment3,630.7 3,519.5 
Less: accumulated depreciation(1,268.1)(1,152.3)
Property, plant and equipment, net2,362.6 2,367.2 
Operating lease right-of-use assets168.1 182.0 
Goodwill729.7 729.7 
Other intangibles, net105.7 107.8 
Equity method investments360.8 363.6 
Other non-current assets100.0 84.3 
Total assets $6,788.4 $6,134.1 
LIABILITIES AND STOCKHOLDERS’ EQUITY  
Current liabilities:  
Accounts payable$1,654.0 $1,144.0 
Current portion of long-term debt46.4 33.4 
Obligation under Supply and Offtake Agreements167.3 129.2 
Current portion of operating lease liabilities44.8 50.2 
Accrued expenses and other current liabilities878.8 546.4 
Total current liabilities2,791.3 1,903.2 
Non-current liabilities:  
Long-term debt, net of current portion2,197.9 2,315.0 
Obligation under Supply and Offtake Agreements329.0 224.9 
Environmental liabilities, net of current portion109.4 107.4 
Asset retirement obligations38.2 37.5 
Deferred tax liabilities202.3 255.5 
Operating lease liabilities, net of current portion122.4 131.8 
Other non-current liabilities45.5 33.7 
Total non-current liabilities3,044.7 3,105.8 
Stockholders’ equity:  
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding
  
Common stock, $0.01 par value, 110,000,000 shares authorized, 91,637,661 shares and 91,356,868 shares issued at June 30, 2021 and December 31, 2020, respectively
0.9 0.9 
Additional paid-in capital1,192.6 1,185.1 
Accumulated other comprehensive loss(7.4)(7.2)
Treasury stock, 17,575,527 shares, at cost, as of June 30, 2021 and December 31, 2020
(694.1)(694.1)
Retained earnings342.0 522.0 
Non-controlling interests in subsidiaries118.4 118.4 
Total stockholders’ equity952.4 1,125.1 
Total liabilities and stockholders’ equity$6,788.4 $6,134.1 


See accompanying notes to condensed consolidated financial statements
3 |
dk-20210630_g3.jpg

Financial Statements
Delek US Holdings, Inc.
Condensed Consolidated Statements of Income (Unaudited)
(In millions, except share and per share data)
Three Months EndedSix Months Ended
June 30,June 30,
 2021202020212020
Net revenues$2,191.5 $1,535.5 $4,583.7 $3,356.7 
Cost of sales:  
Cost of materials and other1,995.8 1,277.8 4,201.3 3,188.4 
Operating expenses (excluding depreciation and amortization presented below)129.6 103.4 257.6 232.6 
Depreciation and amortization60.5 53.6 122.8 100.6 
Total cost of sales2,185.9 1,434.8 4,581.7 3,521.6 
Operating expenses related to retail and wholesale business (excluding depreciation and amortization presented below)31.5 24.4 52.8 49.7 
General and administrative expenses58.6 61.7 105.7 127.4 
Depreciation and amortization5.8 6.0 12.0 11.6 
Other operating income, net(4.9)(14.2)(3.0)(14.9)
Total operating costs and expenses2,276.9 1,512.7 4,749.2 3,695.4 
Operating (loss) income(85.4)22.8 (165.5)(338.7)
Interest expense33.2 29.8 62.8 66.1 
Interest income(0.1)(0.5)(0.3)(2.2)
Income from equity method investments(6.8)(10.7)(11.6)(15.8)
Gain on sale on non-operating refinery (56.9) (56.9)
Other expense (income), net6.8 (1.5)5.8 (2.4)
Total non-operating expense (income), net33.1 (39.8)56.7 (11.2)
(Loss) income before income tax benefit(118.5)62.6 (222.2)(327.5)
Income tax benefit (46.0)(35.9)(58.4)(119.0)
Net (loss) income(72.5)98.5 (163.8)(208.5)
Net income attributed to non-controlling interests8.6 10.8 15.9 18.2 
Net (loss) income attributable to Delek $(81.1)$87.7 $(179.7)$(226.7)
Basic (loss) income per share$(1.10)$1.19 $(2.43)$(3.08)
Diluted (loss) income per share$(1.10)$1.18 $(2.43)$(3.08)
Dividends declared per common share outstanding$ $0.31 $ $0.62 

See accompanying notes to condensed consolidated financial statements
4 |
dk-20210630_g3.jpg

Financial Statements
Delek US Holdings, Inc.
Condensed Consolidated Statements of Comprehensive Income (Unaudited)
(In millions)
Three Months EndedSix Months Ended
June 30,June 30,
 2021202020212020
Net (loss) income$(72.5)$98.5 $(163.8)$(208.5)
Other comprehensive income (loss):  
Commodity contracts designated as cash flow hedges:
Net (loss) gain related to commodity cash flow hedges (1.4)(0.2)0.3 
Income tax benefit (0.3)  
Net comprehensive (loss) income on commodity contracts designated as cash flow hedges (1.1)(0.2)0.3 
Other income, net of taxes 0.4  0.1 
Total other comprehensive (loss) gain (0.7)(0.2)0.4 
Comprehensive (loss) income(72.5)97.8 (164.0)(208.1)
Comprehensive income attributable to non-controlling interest8.6 10.8 15.9 18.2 
Comprehensive (loss) income attributable to Delek$(81.1)$87.0 $(179.9)$(226.3)

See accompanying notes to condensed consolidated financial statements

5 |
dk-20210630_g3.jpg

Financial Statements
Delek US Holdings, Inc.
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)
(In millions, except share and per share data)

Three Months Ended June 30, 2021
Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive IncomeRetained EarningsTreasury StockNon-Controlling Interest in SubsidiariesTotal Stockholders' Equity
SharesAmountSharesAmount
Balance at March 31, 2021
91,450,724$0.9 $1,188.6 $(7.4)$423.2 (17,575,527)$(694.1)$117.7 $1,028.9 
Net (loss) income— — — (81.1)— — 8.6 (72.5)
Distributions to non-controlling interests— — — — — — (7.9)(7.9)
Equity-based compensation expense— 5.9 — — — —  5.9 
Taxes paid due to the net settlement of equity-based compensation— (1.9)— — — —  (1.9)
Exercise of equity-based awards186,937— — — — — — — — 
Other—   (0.1)—   (0.1)
Balance at June 30, 2021
91,637,661 $0.9 $1,192.6 $(7.4)$342.0 (17,575,527)$(694.1)$118.4 $952.4 

Three Months Ended June 30, 2020
Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive IncomeRetained EarningsTreasury StockNon-Controlling Interest in SubsidiariesTotal Stockholders' Equity
SharesAmountSharesAmount
Balance at March 31, 2020
91,089,920 $0.9 $1,157.4 $1.2 $861.6 (17,575,527)$(694.1)$162.9 $1,489.9 
Net income— — — — 87.7 — — 10.8 98.5 
Other comprehensive loss related to commodity contracts, net— — — (1.1)— — — — (1.1)
Common stock dividends ($0.31 per share)
— — — — (22.9)— —  (22.9)
Distribution to non-controlling interest— — — — — — — (8.2)(8.2)
Equity-based compensation expense— — 4.7 — — — —  4.7 
Repurchase of non-controlling interest— — (0.8)— — — —  (0.8)
Taxes paid due to the net settlement of equity-based compensation— — (1.2)— — — —  (1.2)
Exercise of equity-based awards143,044 — — — — — — — — 
Other— —  0.4  —   0.4 
Balance at June 30, 2020
91,232,964 $0.9 $1,160.1 $0.5 $926.4 (17,575,527)$(694.1)$165.5 $1,559.3 

6 |
dk-20210630_g3.jpg

Financial Statements
Delek US Holdings, Inc.
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)
(In millions, except share and per share data)

Six Months Ended June 30, 2021
Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive IncomeRetained EarningsTreasury StockNon-Controlling Interest in SubsidiariesTotal Stockholders' Equity
SharesAmountSharesAmount
Balance at December 31, 2020
91,356,868$0.9 $1,185.1 $(7.2)$522.0 (17,575,527)$(694.1)$118.4 $1,125.1 
Net (loss) income— — — (179.7)— — 15.9 (163.8)
Other comprehensive loss related to commodity contracts, net— — (0.2)— — — — (0.2)
Distributions to non-controlling interests— — — — — — (15.9)(15.9)
Equity-based compensation expense— 10.5 — — — —  10.5 
Taxes paid due to the net settlement of equity-based compensation— (3.0)— — — —  (3.0)
Exercise of equity-based awards280,793 — — — — — — — — 
Other— —   (0.3)—   (0.3)
Balance at June 30, 2021
91,637,661 $0.9 $1,192.6 $(7.4)$342.0 (17,575,527)$(694.1)$118.4 $952.4 

Six Months Ended June 30, 2020
Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive IncomeRetained EarningsTreasury StockNon-Controlling Interest in SubsidiariesTotal Stockholders' Equity
SharesAmountSharesAmount
Balance at December 31, 2019
90,987,025 $0.9 $1,151.9 $0.1 $1,205.6 (17,516,814)$(692.2)$169.0 $1,835.3 
Cumulative effect of adopting accounting principle regarding measurement of credit losses on financial instruments, net— — — — (6.5)— — — (6.5)
Net (loss) income— — — — (226.7)— — 18.2 (208.5)
Other comprehensive income related to commodity contracts, net— — — 0.3 — — — — 0.3 
Common stock dividends ($0.62 per share)
— — — — (46.0)— —  (46.0)
Distribution to non-controlling interest— — — — — — — (16.8)(16.8)
Equity-based compensation expense— — 10.9 — — — — 0.1 11.0 
Repurchase of common stock— — — — — (58,713)(1.9)— (1.9)
Repurchases of non-controlling interests— — (0.8)— — — — (5.0)(5.8)
Taxes paid due to the net settlement of equity-based compensation— — (1.9)— — — —  (1.9)
Exercise of equity-based awards245,939 — — — — — — — — 
Other— —  0.1  —   0.1 
Balance at June 30, 2020
91,232,964 $0.9 $1,160.1 $0.5 $926.4 (17,575,527)$(694.1)$165.5 $1,559.3 

See accompanying notes to condensed consolidated financial statements
7 |
dk-20210630_g3.jpg

Financial Statements
Delek US Holdings, Inc.
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
 Six Months Ended June 30,
20212020
Cash flows from operating activities:
Net loss$(163.8)$(208.5)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:  
Depreciation and amortization134.8 112.2 
Non-cash lease expense 28.1 21.9 
Deferred income taxes(52.9)65.9 
Income from equity method investments(11.6)(15.8)
Dividends from equity method investments10.6 14.3 
Non-cash lower of cost or market/net realizable value adjustment(30.1)75.1 
Gain on sale of non-operating refinery (56.9)
Other 13.9 17.4 
Changes in assets and liabilities:  
Accounts receivable(298.4)307.2 
Inventories and other current assets(302.5)125.0 
Fair value of derivatives(7.1)(23.6)
Accounts payable and other current liabilities671.4 (594.6)
Obligation under Supply and Offtake Agreements148.6 (163.3)
Non-current assets and liabilities, net(6.1)0.6 
Net cash provided by (used in) operating activities134.9 (323.1)
Cash flows from investing activities:  
Equity method investment contributions(1.6)(29.5)
Distributions from equity method investments5.4 71.0 
Purchases of property, plant and equipment(132.7)(235.4)
Purchase of intangible assets(0.7)(2.1)
Proceeds from sale of property, plant and equipment10.9 0.2 
Proceeds from sale of non-operating refinery 39.9 
Net cash used in investing activities(118.7)(155.9)
Cash flows from financing activities:  
Proceeds from long-term revolvers1,026.5 1,583.7 
Payments on long-term revolvers(1,501.3)(1,352.1)
Proceeds from term debt400.0 185.0 
Payments on term debt(26.7)(31.2)
Proceeds from product financing agreements458.2 86.4 
Repayments of product financing agreements(302.2)(26.5)
Taxes paid due to the net settlement of equity-based compensation(3.0)(1.9)
Repurchase of common stock (1.9)
Repurchase of non-controlling interest (5.8)
Distribution to non-controlling interest(15.9)(16.8)
Dividends paid (46.0)
Deferred financing costs paid(6.3)(0.2)
Net cash provided by financing activities29.3 372.7 
Net increase (decrease) in cash and cash equivalents45.5 (106.3)
Cash and cash equivalents at the beginning of the period787.5 955.3 
Cash and cash equivalents at the end of the period$833.0 $849.0 

Delek US Holdings, Inc.
Condensed Consolidated Statements of Cash Flows (Unaudited) (continued)
(In millions)


Six Months Ended June 30,
20212020
Supplemental disclosures of cash flow information:  
Cash paid during the period for:  
Interest, net of capitalized interest of $0.5 million and $0.2 million in the 2021 and 2020 periods, respectively
$55.7 $66.1 
Income taxes$4.0 $0.2 
Non-cash investing activities: 
Increase (decrease) in accrued capital expenditures$0.1 $(33.1)
Non-cash financing activities:
Non-cash lease liability arising from obtaining right of use assets during the period$26.4 $22.2 


See accompanying notes to condensed consolidated financial statements
8 |
dk-20210630_g3.jpg

Notes to Condensed Consolidated Financial Statements (Unaudited)

Note 1 - Organization and Basis of Presentation
Delek US Holdings, Inc. operates through its consolidated subsidiaries, which include Delek US Energy, Inc. ("Delek Energy") (and its subsidiaries) and Alon USA Energy, Inc. ("Alon") (and its subsidiaries). The terms "we," "our," "us," "Delek" and the "Company" are used in this report to refer to Delek and its consolidated subsidiaries. Delek's common stock is listed on the New York Stock Exchange ("NYSE") under the symbol "DK."
Our condensed consolidated financial statements include the accounts of Delek and its subsidiaries. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") have been condensed or omitted, although management believes that the disclosures herein are adequate to make the financial information presented not misleading. Our unaudited condensed consolidated financial statements have been prepared in conformity with GAAP applied on a consistent basis with those of the annual audited consolidated financial statements included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on March 1, 2021 (the "Annual Report on Form 10-K") and in accordance with the rules and regulations of the SEC. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto for the year ended December 31, 2020 included in our Annual Report on Form 10-K.
Our condensed consolidated financial statements include Delek Logistics Partners, LP ("Delek Logistics", NYSE:DKL), which is a variable interest entity ("VIE"). As the indirect owner of the general partner of Delek Logistics, we have the ability to direct the activities of this entity that most significantly impact its economic performance. We are also considered to be the primary beneficiary for accounting purposes for this entity and are Delek Logistics' primary customer. As Delek Logistics does not derive an amount of gross margin material to us from third parties, there is limited risk to Delek associated with Delek Logistics' operations. However, in the event that Delek Logistics incurs a loss, our operating results will reflect such loss, net of intercompany eliminations, to the extent of our ownership interest in this entity.
In the opinion of management, all adjustments necessary for a fair presentation of the financial condition and the results of operations for the interim periods have been included. All significant intercompany transactions and account balances have been eliminated in consolidation. All adjustments are of a normal, recurring nature. Operating results for the interim period should not be viewed as representative of results that may be expected for any future interim period or for the full year.
Accounting Policies
With the exception of the policy updates below, there have been no new or material changes to the significant accounting policies discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020.
Risks and Uncertainties Arising from the COVID-19 Pandemic
U.S. economic activity continued on a recovery trend during the quarter ended June 30, 2021, albeit remaining subject to heightened levels of uncertainty related to the on-going impact of the COVID-19 outbreak that developed into a pandemic in March 2020 (the “COVID-19 Pandemic” or the “Pandemic”), and the spread of new variants of the virus. Most of the restrictions imposed in the prior year to prevent its spread have been eased and government vaccination campaigns continue. Compared to the prior year, the economic recovery trends in the three and six months ended June 30, 2021 included a resumption of flights by major airlines and increased motor vehicle use. This has in turn resulted in increased demand and market prices for crude oil and certain of our products. Nonetheless, there remains continued uncertainty about the duration and future impact of the COVID-19 Pandemic.
Uncertainties related to the impact of the COVID-19 Pandemic and other events exist that could impact our future results of operations and financial position, the nature of which and the extent to which are currently unknown. To the extent these uncertainties have been identified and are believed to have had a material impact on our current period results of operations or financial position based on the requirements for assessing such financial statement impact under GAAP, we have considered them in the preparation of our unaudited financial statements as of and for the three and six months ended June 30, 2021. The application of accounting policies impacted by such considerations include (but are not necessarily limited to) the following:
The interim evaluation of indefinite-lived intangibles and goodwill for potential impairment, where indicators exist, as defined by GAAP;
The interim evaluation of long-lived assets for potential impairment, where indicators exist, as defined by GAAP;
The interim evaluation of joint ventures for potential impairment, where indicators exist, as defined by GAAP;
The evaluation of derivatives and hedge accounting for counterparty risk and changes in forecasted transactions, as provided for under GAAP;
The evaluation of inventory valuation allowances that may be warranted under the lower of cost or net realizable value analysis, for first-in, first-out (“FIFO”), and the lower of cost or market analysis, for last-in, first-out ("LIFO"), pursuant to GAAP;
9 |
dk-20210630_g3.jpg

Notes to Condensed Consolidated Financial Statements (Unaudited)
The consideration of debt modifications and/or covenant requirements, as applicable;
The evaluation of commitments and contingencies, including changes in concentrations, as applicable;
The interim evaluation of the impact of changing forecasts on our assessment of deferred tax asset valuation allowances and annual effective tax rates; and
The interim evaluation of our ability to continue as a going concern.
Reclassifications
Certain prior period amounts have been reclassified in order to conform to the current period presentation.
New Accounting Pronouncements Adopted During 2021
ASU 2020-01, Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)—Clarifying the Interactions between Topic 321, Topic 323, and Topic 815
In January 2020, the Financial Account Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-01 which is intended to clarify interactions between the guidance to account for certain equity securities under Topics 321, 323 and 815, and improve current GAAP by reducing diversity in practice and increasing comparability of accounting. The pronouncement is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2020. We adopted this guidance on January 1, 2021 and the adoption did not have a material impact on our business, financial condition or results of operations.
ASU 2019-12, Simplifying the Accounting for Income Taxes
In December 2019, the FASB issued guidance intended to simplify various aspects related to accounting for income taxes, eliminate certain exceptions within Accounting Standards Codification ("ASC") 740, Income Taxes (“ASC 740”) and clarify certain aspects of the current guidance to promote consistency among reporting entities. The pronouncement is effective for fiscal years and for interim periods within those fiscal years beginning after December 15, 2020. We adopted this guidance on January 1, 2021 and the adoption did not have a material impact on our business, financial condition or results of operations.
ASU 2018-14, Compensation - Changes to the Disclosure Requirements for Defined Benefit Plans
In August 2018, the FASB issued guidance related to disclosure requirements for defined benefit plans. The pronouncement eliminates, modifies and adds disclosure requirements for defined benefit plans. The pronouncement is effective for fiscal years beginning after December 15, 2020. We adopted this guidance on January 1, 2021 and the adoption did not have a material impact on our business, financial condition or results of operations.
Accounting Pronouncements Not Yet Adopted
ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity
In August 2020, the FASB issued ASU 2020-06, which is intended to simplify the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts in an entity's own equity. The guidance allows for either full retrospective adoption or modified retrospective adoption. The pronouncement is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2021, and early adoption is permitted. The Company is evaluating the impact of this guidance but does not currently expect adopting this new guidance will have a material impact on its condensed consolidated financial statements and related disclosures.
ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848)
In March 2020, the FASB issued an amendment which is intended to provide temporary optional expedients and exceptions to GAAP guidance on contracts, hedge accounting and other transactions affected by the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank rates. This guidance is effective for all entities at any time beginning on March 12, 2020 through December 31, 2022 and may be applied from the beginning of an interim period that includes the issuance date of the ASU. The Company is currently evaluating the impact this guidance may have on its condensed consolidated financial statements and related disclosures.

Note 2 - Segment Data
We aggregate our operating units into three reportable segments: Refining, Logistics, and Retail. Operations that are not specifically included in the reportable segments are included in Corporate, Other and Eliminations, which consist of the following:
our corporate activities;
results of certain immaterial operating segments, including our Canadian crude trading operations (as discussed in Note 9);
10 |
dk-20210630_g3.jpg

Notes to Condensed Consolidated Financial Statements (Unaudited)
wholesale crude operations;
Alon's asphalt terminal operations; and
intercompany eliminations.
Decisions concerning the allocation of resources and assessment of operating performance are made based on this segmentation. Management measures the operating performance of each of the reportable segments based on the segment contribution margin. Segment contribution margin is defined as net revenues less cost of materials and other and operating expenses, excluding depreciation and amortization.
Refining Segment
The refining segment processes crude oil and other feedstocks for the manufacture of transportation motor fuels, including various grades of gasoline, diesel fuel and aviation fuel, asphalt and other petroleum-based products that are distributed through owned and third-party product terminals. The refining segment has a combined nameplate capacity of 302,000 barrels per day ("bpd") as of June 30, 2021, including the following:
75,000 bpd Tyler, Texas refinery (the "Tyler refinery");
80,000 bpd El Dorado, Arkansas refinery (the "El Dorado refinery");
73,000 bpd Big Spring, Texas refinery (the "Big Spring refinery"); and
74,000 bpd Krotz Springs, Louisiana refinery (the "Krotz Springs refinery").
The refining segment also owns and operates three biodiesel facilities involved in the production of biodiesel fuels and related activities, located in Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi. The biodiesel industry has historically been substantially aided by federal and state tax incentives. One tax incentive program that has been significant to our renewable fuels facilities is the federal blender's tax credit (also known as the biodiesel tax credit or "BTC"). The BTC provides a $1.00 refundable tax credit per gallon of pure biodiesel to the first blender of biodiesel with petroleum-based diesel fuel. The blender's tax credit was re-enacted in December 2019 for the years 2020 through 2022.
On May 7, 2020, we sold our equity interests in Alon Bakersfield Property, Inc., an indirect wholly-owned subsidiary that owned our non-operating refinery located in Bakersfield, California, to a subsidiary of Global Clean Energy Holdings, Inc. (“GCE”) for total cash consideration of $40.0 million. As a result of this sale, we recognized a gain of $56.9 million during the second quarter of 2020, largely due to the buyer assuming substantially all of the asset retirement obligations and environmental liabilities associated with this refinery. As part of the transaction, GCE granted a call option to Delek to acquire up to a 33 1/3% limited member interest in the acquiring subsidiary of GCE for up to $13.3 million, subject to certain adjustments. Such option is exercisable by Delek through the 90th day after GCE demonstrates commercial operations, as contractually defined, which has not yet occurred as of June 30, 2021.
The refining segment's petroleum-based products are marketed primarily in the south central, southwestern and western regions of the United States. This segment also ships and sells gasoline into wholesale markets in the southern and eastern United States. Motor fuels are sold under the Alon or Delek brand through various terminals to supply Alon or Delek branded retail sites. In addition, Alon sells motor fuels through its wholesale distribution network on an unbranded basis.
Logistics Segment
Our logistics segment owns and operates crude oil and refined products logistics and marketing assets. The logistics segment generates revenue by charging fees for gathering, transporting and storing crude oil and for marketing, distributing, transporting and storing intermediate and refined products in select regions of the southeastern United States and West Texas for our refining segment and third parties, and sales of wholesale products in the West Texas market.
Retail Segment
Our retail segment consists of 252 owned and leased convenience store sites as of June 30, 2021, located primarily in Central and West Texas and New Mexico. These convenience stores typically offer various grades of gasoline and diesel primarily under the Alon or Delek brand name and food products, food service, tobacco products, non-alcoholic and alcoholic beverages, general merchandise as well as money grams to the public, primarily under the 7-Eleven and DK or Alon brand names. Substantially all of the motor fuel sold through our retail segment is supplied by our Big Spring refinery, which is transferred to the retail segment at prices substantially determined by reference to published commodity pricing information. In November 2018, we terminated the license agreement with 7-Eleven, Inc. The terms of such agreement and subsequent amendments require the removal of all 7-Eleven branding on a store-by-store basis by December 31, 2023.
Significant Inter-segment Transactions
All inter-segment transactions have been eliminated in consolidation and consist primarily of the following:
refining segment refined product sales to the retail segment to be sold through the store locations;
11 |
dk-20210630_g3.jpg

Notes to Condensed Consolidated Financial Statements (Unaudited)
refining segment sales of asphalt and refined product to entities included in corporate, other and eliminations;