DELEK LOGISTICS PARTNERS, LP DKL Income Statement

Delek logistics partners, lp (DKL)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Sep'12	Sep'11
Net revenues:
Affiliates (1)
106,699	69,484	66,647	61,918	62,965	62,250	63,835	53,080	61,644	39,706	40,131	39,824	36,619	37,750	36,360	36,694	38,760	38,589	41,824	39,871	32,280	30,726	29,682	28,893	25,282	-	-	-	-	-	-
Third party
56,702	69,127	70,909	93,424	89,518	97,048	100,275	113,200	106,277	111,501	90,495	86,945	92,854	86,930	71,110	75,159	65,296	70,342	123,268	132,263	111,232	142,621	198,354	207,450	178,245	-	-	-	-	-	-
Revenues
163,401	138,611	137,556	155,342	152,483	159,298	164,110	166,280	167,921	151,207	130,626	126,769	129,473	124,680	107,470	111,853	104,056	108,931	165,092	172,134	143,512	173,347	228,036	236,343	203,527	223,097	243,295	230,142	210,894	271,806	199,825
Cost of sales:
Cost of materials and other
101,293	73,760	72,594	93,854	96,265	98,417	105,596	106,016	119,032	-	89,120	-	92,590	88,777	73,527	73,101	66,753	71,018	124,385	132,494	108,407	134,305	194,133	196,574	172,209	197,316	218,222	207,966	187,860	255,281	187,209
Operating expenses (excluding depreciation and amortization presented below)
13,954	22,023	17,490	16,521	15,307	15,423	14,489	14,114	11,898	-	9,940	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
5,803	6,443	6,138	6,188	6,124	5,821	6,252	6,571	5,464	-	4,744	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
121,050	102,226	96,222	116,563	117,696	119,661	126,337	126,701	136,394	-	103,804	85,039	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses (excluding depreciation and amortization presented below)
790	314	945	806	751	432	906	803	679	-17,926	722	9,966	10,358	-26,143	9,251	8,730	10,464	11,732	11,616	10,798	10,777	9,889	10,361	9,719	9,496	9,420	7,474	9,928	9,081	6,579	4,158
General and administrative expenses
6,130	5,769	5,280	5,293	4,473	7,368	3,076	3,747	2,975	3,585	2,751	2,656	2,848	2,338	2,307	2,698	2,913	2,290	2,703	2,982	3,409	3,258	2,453	2,242	2,663	1,935	1,868	1,521	2,202	1,614	1,273
Depreciation and amortization
496	457	450	451	450	448	450	448	536	-8,765	718	5,742	5,193	-12,248	5,356	4,812	4,996	5,907	4,541	4,744	4,500	4,075	3,847	3,623	3,477	4,069	2,844	3,284	3,541	2,255	1,431
Other operating expense (income), net
107	-129	70	27	-2	-243	-717	129	-60	22	5	5	-12	0	-28	0	44	-122	0	23	-5	-9	0	-74	0	-	0	0	-	-5	0
Total operating costs and expenses
128,359	108,895	102,827	123,086	123,372	128,152	131,486	131,570	140,644	127,509	107,990	103,398	111,001	105,517	90,469	89,341	85,082	91,069	143,245	150,995	127,098	151,536	210,794	212,232	187,845	212,906	230,408	222,699	202,684	265,734	194,071
Operating income
35,042	29,716	34,729	32,256	29,111	31,146	32,624	34,710	27,277	23,698	22,636	23,371	18,472	19,163	17,001	22,512	18,974	17,862	21,847	21,139	16,414	21,811	17,242	24,111	15,682	10,191	12,887	7,443	8,210	6,072	5,754
Interest expense, net
11,824	12,164	12,509	11,354	11,301	11,167	11,108	10,926	8,062	7,287	7,124	5,462	4,071	3,695	3,409	3,284	3,199	3,042	2,843	2,616	2,157	2,105	2,226	2,342	1,983	5,829	-1,194	752	-817	667	480
Income from equity method investments
5,553	4,972	8,394	4,515	1,951	1,549	1,924	1,899	858	1,948	1,584	1,176	245	-435	-308	-206	-229	-146	-293	-149	0	-	0	0	-	-	-	-	-	-	-
Other expense, net
-	-	0	-461	-	-	-8	0	-	-	1	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-operating expenses, net
6,271	7,331	4,115	7,300	9,350	9,618	9,192	9,027	7,204	5,339	5,539	4,286	3,826	4,130	3,717	3,490	3,428	3,188	3,136	2,765	2,157	-	2,226	2,342	-	-	-	-	-	-	-
Income before income tax expense
28,771	22,385	30,614	24,956	19,761	21,528	23,432	25,683	20,073	18,359	17,097	19,085	14,646	15,033	13,284	19,022	15,546	14,674	18,711	18,374	14,257	19,706	15,016	21,769	13,699	8,384	11,693	6,691	7,393	5,405	5,274
Income tax expense
975	747	84	71	65	249	106	101	78	-555	174	108	51	-279	133	129	98	-621	109	63	254	-473	177	281	147	210	307	118	122	2,437	1,874
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,295	18,602	18,311	14,003	20,179	14,839	21,488	13,552	8,174	11,386	6,573	7,271	2,968	3,400
Less: loss attributable to Predecessors
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-637	-307	-246	-266	-1,120	-3,151	-1,159	-5,183	-4,933	-	-
Net Income (Loss) Attributable To Partners
27,796	21,638	30,530	24,885	19,696	21,279	23,326	25,582	19,995	18,914	16,923	18,977	14,595	15,312	13,151	18,893	15,448	15,295	18,602	18,311	14,640	20,486	15,085	21,754	14,672	11,325	12,545	11,756	12,204	-	-
Comprehensive income attributable to partners
27,796	21,638	30,530	24,885	19,696	21,279	23,326	25,582	19,995	18,914	16,923	18,977	14,595	15,312	13,151	18,893	15,448	15,295	18,602	18,311	14,640	20,486	15,085	21,754	14,672	11,325	12,545	11,756	12,204	2,968	3,400
Net Income (Loss) Allocated to General Partners
9,077	8,836	8,895	8,079	7,270	7,065	6,636	6,212	5,630	5,023	4,745	4,552	4,109	3,890	3,259	2,791	2,253	1,784	1,383	1,109	887	855	598	620	293	229	250	234	244	-	-
Limited partners' interest in net income
18,719	12,802	21,635	16,806	12,426	14,214	16,690	19,370	14,365	13,891	12,178	14,425	10,486	11,422	9,892	16,102	13,195	13,511	17,219	17,202	13,753	19,631	14,487	21,134	14,379	11,096	12,295	11,522	11,960	-	-
Net income per limited partner unit:
Common units - basic
Subordinated units - Delek (basic and diluted)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.51	-	0.50	-	-
Weighted average limited partner units outstanding:
Subordinated units - Delek Holdings (basic and diluted) (in units)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,999	11,999	11,999	-	-
Cash distributions per limited partner unit (in dollars per share)
0.89	0.89	0.88	0.85	0.82	0.81	0.79	0.77	0.75	0.72	0.71	0.70	0.69	0.68	0.65	0.63	0.61	0.59	0.57	0.55	0.53	0.51	0.49	0.47	0.42	0.41	0.40	0.39	0.38	-	-
Common Units
Common units - (basic) (in dollars per share)
0.76	0.52	0.89	0.69	0.51	0.59	0.68	0.79	0.59	0.57	0.50	0.59	0.43	-	-	-	-	-	-	-	-	-	-	-	-	-	0.51	0.48	0.50	-	-
Common units - (diluted) (in dollars per share)
0.76	0.52	0.89	0.69	0.51	0.59	0.68	0.79	0.59	0.57	0.50	0.59	0.43	-	-	-	-	-	-	-	-	-	-	-	-	-	0.51	0.47	0.50	-	-
Common units - (basic) (in shares)
24,480	24,419	24,417	24,409	24,407	24,397	24,395	24,386	24,382	24,366	24,361	24,335	24,328	-	-	-	-	-	-	-	-	-	-	-	-	-	12,036	12,006	11,999	-	-
Common units - (diluted) (in shares)
24,485	24,423	24,420	24,414	24,416	24,397	24,401	24,394	24,393	24,361	24,389	24,375	24,380	-	-	-	-	-	-	-	-	-	-	-	-	-	12,188	12,159	12,092	-	-