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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
[1]
Income Statement [Abstract]        
Net revenues $ 5,324.9 $ 2,956.5 [1] $ 15,766.6 $ 7,540.2
Cost of sales:        
Cost of materials and other 4,916.0 2,678.0 [1] 14,151.1 6,811.4
Operating expenses (excluding depreciation and amortization presented below) 198.2 102.4 [1] 526.2 363.1
Depreciation and amortization 66.5 55.6 [1] 192.0 178.4
Total cost of sales 5,180.7 2,836.0 [1] 14,869.3 7,352.9
Operating expenses related to retail and wholesale business (excluding depreciation and amortization presented below) 28.2 26.1 [1] 89.6 86.9
General and administrative expenses 62.4 53.0 [1] 242.0 147.6
Depreciation and amortization 6.4 5.2 [1] 17.2 17.2
Other operating income, net (5.8) (1.7) [1] (44.5) (4.7)
Total operating costs and expenses 5,271.9 2,918.6 [1] 15,173.6 7,599.9
Operating income (loss) 53.0 37.9 [1] 593.0 (59.7)
Interest expense, net 50.7 37.5 [1] 132.7 100.0
Income from equity method investments (17.8) (2.9) [1] (44.4) (14.5) [2]
Other income, net (0.7) (21.8) [1] (3.0) (16.0)
Total non-operating expense, net 32.2 12.8 [1] 85.3 69.5
Income (loss) before income tax expense (benefit) 20.8 25.1 [1] 507.7 (129.2)
Income tax expense (benefit) 4.0 4.5 [1] 107.5 (39.0)
Net income (loss) 16.8 20.6 [3] 400.2 (90.2)
Net income attributed to non-controlling interests 9.4 8.8 [1],[4] 24.4 24.7 [4]
Net income (loss) attributable to Delek $ 7.4 $ 11.8 [1] $ 375.8 $ (114.9)
Basic income (loss ) per share (USD per Share) $ 0.11 $ 0.16 [1] $ 5.26 $ (1.55)
Diluted income (loss) per share (USD per share) $ 0.10 $ 0.16 [1] $ 5.21 $ (1.55)
[1] Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. See Note 7 for further discussion.
[2] Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. See Note 7 for further discussion.
[3] Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. See Note 7 for further discussion.
[4] Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. See Note 7 for further discussion.