Segment Data (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Segment Reporting Information, by Segment

The following is a summary of business segment operating performance as measured by EBITDA attributable to Delek for the year ended indicated (in millions):


	Year Ended December 31, 2024
(In millions)	Refining (3)		Logistics		Corporate, Other and Eliminations (3) (4)		Consolidated
Net revenues (excluding intercompany fees and revenues)	$	11,142.4	$	422.8	$	—	$	11,565.2
Inter-segment fees and revenues (1)	640.6		517.8		(871.4)		287.0
Total revenues	$	11,783.0	$	940.6	$	(871.4)	$	11,852.2

Cost of materials and other	11,147.4		483.7		(849.3)		10,781.8
Operating Expenses	596.6		122.7		47.9		767.2
General and administrative expenses	15.2		36.0		201.6		252.8
Income from equity method investments	(31.2)		(43.3)		(17.7)		(92.2)
Other (5)	213.0		(1.2)		(11.2)		200.6
Segment EBITDA attributable to Delek	$	(158.0)	$	342.7	$	(242.7)	$	(58.0)
Depreciation and amortization	265.5		102.8		6.2		374.5
Interest expense, net	81.4		103.1		128.5		313.0
Income tax benefit							(107.9)
Income from discontinued operations, net of tax							(77.2)
Net loss attributable to Delek							$	(560.4)

Capital spending (excluding business combinations) (2)	$	266.1	$	140.0	$	26.6	$	432.7


	Year Ended December 31, 2023
(In millions)	Refining		Logistics (3)		Corporate, Other and Eliminations (3) (4)		Consolidated
Net revenues (excluding intercompany fees and revenues)	$	15,578.1	$	456.6	$	—	$	16,034.7
Inter-segment fees and revenues (1)	828.8		563.8		(960.1)		432.5
Total revenues	$	16,406.9	$	1,020.4	$	(960.1)	$	16,467.2

Cost of materials and other	15,242.3		532.6		(949.6)		14,825.3
Operating Expenses	619.2		118.1		37.7		775.0
General and administrative expenses	31.2		24.8		216.0		272.0
Income from equity method investments	(31.9)		(31.4)		(22.9)		(86.2)
Other (5)	(14.6)		13.3		35.2		33.9
Segment EBITDA attributable to Delek	$	560.7	$	363.0	$	(276.5)	$	647.2
Depreciation and amortization	234.2		92.4		12.9		339.5
Interest expense, net	42.3		143.2		132.5		318.0
Income tax benefit							(3.0)
Income from discontinued operations, net of tax							(27.1)
Net income attributable to Delek							$	19.8

Capital spending (2)	$	246.9	$	81.3	$	31.1	$	359.3


	Year Ended December 31, 2022
(In millions)	Refining		Logistics		Corporate, Other and Eliminations (4)		Consolidated
Net revenues (excluding intercompany fees and revenues)	$	18,730.9	$	557.0	$	1.0	$	19,288.9
Inter-segment fees and revenues (1)	1,032.1		479.4		(999.4)		512.1
Total revenues	$	19,763.0	$	1,036.4	$	(998.4)	$	19,801.0

Cost of materials and other	18,412.8		641.4		(982.8)		18,071.4
Operating Expenses	622.5		88.3		15.9		726.7
General and administrative expenses	57.2		34.1		222.4		313.7
Income from equity method investments	(18.5)		(31.7)		(7.5)		(57.7)
Other (5)	(47.6)		(0.5)		35.8		(12.3)
Segment EBITDA attributable to Delek	$	736.6	$	304.8	$	(282.2)	$	759.2
Depreciation and amortization	205.4		63.0		6.6		275.0
Interest expense, net	4.1		82.3		109.4		195.8
Income tax expense							56.4
Income from discontinued operations, net of tax							(25.1)
Net income attributable to Delek							$	257.1

Capital spending (excluding business combinations) (2)	$	138.0	$	130.7	$	40.2	$	308.9

(1) Intercompany fees and sales for the refining segment include revenues of $287.0 million, $432.5 million and $512.1 million during the years ended December 31, 2024, 2023 and 2022, respectively, to the Retail Stores, the operations of which are reported in discontinued operations.

(2) Capital spending includes additions on an accrual basis. Capital spending excludes capital spending associated with the Retail Stores of $14.0 million, $29.8 million and $34.2 million during the years ended December 31, 2024, 2023 and 2022, respectively.

(3) For the year ended December 31, 2024, includes a $212.2 million goodwill impairment charge and a $22.1 million impairment charge related to the idling of the biodiesel facilities for the Refining segment and a $9.2 million impairment charge related to certain pipeline assets for Corporate, Other and Eliminations. For the year ended December 31, 2023, includes a $23.1 million right-of-use asset impairment charge for Corporate, Other and Eliminations and a $14.8 million goodwill impairment charge for the Logistics segment. Refer to Note 17 - Goodwill and Intangible Assets and Note 20 - Restructuring and Other Charges for further information.

(4) The corporate, other and eliminations segment operating results for the years ended December 31, 2024, 2023 and 2022 have been restated to reflect the reclassification of the Retail Stores to discontinued operations.

(5) Other segment items include asset impairment, insurance proceeds, other operating (income) expense, net, other (income) expense, net, and net income attributed to non-controlling interests.