DELEK LOGISTICS PARTNERS, LP DKL Income Statement

Delek logistics partners, lp (DKL)

Income statement / TTM

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)
304,748	261,014	253,780	250,968	242,130	240,809	218,265	194,561	181,305	156,280	154,324	150,553	147,423	149,564	150,403	155,867	159,044	152,564	144,701	132,559	121,581	114,583	0	0	0	-	-	-	-	-	-
Third party
290,162	322,978	350,899	380,265	400,041	416,800	431,253	421,473	395,218	381,795	357,224	337,839	326,053	298,495	281,907	334,065	391,169	437,105	509,384	584,470	659,657	726,670	0	0	0	-	-	-	-	-	-
Revenues
594,910	583,992	604,679	631,233	642,171	657,609	649,518	616,034	576,523	538,075	511,548	488,392	473,476	448,059	432,310	489,932	550,213	589,669	654,085	717,029	781,238	841,253	891,003	906,262	900,061	907,428	956,137	0	0	0	0
Cost of sales:
Cost of materials and other
341,501	336,473	361,130	394,132	406,294	429,061	419,764	479,489	458,512	-	355,526	-	327,995	302,158	284,399	335,257	394,650	436,304	499,591	569,339	633,419	697,221	760,232	784,321	795,713	811,364	869,329	0	0	0	0
Operating expenses (excluding depreciation and amortization presented below)
69,988	71,341	64,741	61,740	59,333	55,924	50,441	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
24,572	24,893	24,271	24,385	24,768	24,108	23,031	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
436,061	432,707	450,142	480,257	490,395	509,093	493,236	451,938	0	-	0	339,933	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses (excluding depreciation and amortization presented below)
2,855	2,816	2,934	2,895	2,892	2,820	-15,538	-15,722	-6,559	3,120	-5,097	3,432	2,196	2,302	40,177	42,542	44,610	44,923	43,080	41,825	40,746	39,465	38,996	36,109	36,318	35,903	33,062	0	0	0	0
General and administrative expenses
22,472	20,815	22,414	20,210	18,664	17,166	13,383	13,058	11,967	11,840	10,593	10,149	10,191	10,256	10,208	10,604	10,888	11,384	12,352	12,102	11,362	10,616	9,293	8,708	7,987	7,526	7,205	0	0	0	0
Depreciation and amortization
1,854	1,808	1,799	1,799	1,796	1,882	-7,331	-7,063	-1,769	2,888	-595	4,043	3,113	2,916	21,071	20,256	20,188	19,692	17,860	17,166	16,045	15,022	15,016	14,013	13,674	13,738	11,924	0	0	0	0
Other operating expense (income), net
75	-34	-148	-935	-833	-891	-626	96	-28	20	-2	-35	-40	16	-106	-78	-55	-104	9	9	-88	-83	-74	-74	0	-	0	0	-	0	0
Total operating costs and expenses
463,167	458,180	477,437	506,096	514,580	531,852	531,209	507,713	479,541	449,898	427,906	410,385	396,328	370,409	355,961	408,737	470,391	512,407	572,874	640,423	701,660	762,407	823,777	843,391	853,858	868,697	921,525	0	0	0	0
Operating income
131,743	125,812	127,242	125,137	127,591	125,757	118,309	108,321	96,982	88,177	83,642	78,007	77,148	77,650	76,349	81,195	79,822	77,262	81,211	76,606	79,578	78,846	67,226	62,871	46,203	38,731	34,612	0	0	0	0
Interest expense, net
47,851	47,328	46,331	44,930	44,502	41,263	37,383	33,399	27,935	23,944	20,352	16,637	14,459	13,587	12,934	12,368	11,700	10,658	9,721	9,104	8,830	8,656	12,380	8,960	7,370	4,570	-592	0	0	0	0
Income from equity method investments
23,434	19,832	16,409	9,939	7,323	6,230	6,629	6,289	5,566	4,953	2,570	678	-704	-1,178	-889	-874	-817	-588	-442	-149	0	-	0	0	-	-	-	-	-	-	-
Other expense, net
-	-	0	0	-	-	0	0	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-operating expenses, net
25,017	28,096	30,383	35,460	37,187	35,041	30,762	27,109	22,368	18,990	17,781	15,959	15,163	14,765	13,823	13,242	12,517	11,246	10,284	9,490	0	-	0	0	-	-	-	-	-	-	-
Income before income tax expense
106,726	97,716	96,859	89,677	90,404	90,716	87,547	81,212	74,614	69,187	65,861	62,048	61,985	62,885	62,526	67,953	67,305	66,016	71,048	67,353	70,748	70,190	58,868	55,545	40,467	34,161	31,182	0	0	0	0
Income tax expense
1,877	967	469	491	521	534	-270	-202	-195	-222	54	13	34	81	-261	-285	-351	-195	-47	21	239	132	815	945	782	757	2,984	0	0	0	0
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66,211	71,095	67,332	70,509	70,058	58,053	54,600	39,685	33,404	28,198	0	0	0	0
Less: loss attributable to Predecessors
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-637	-944	-1,190	-1,456	-1,939	-4,783	-5,696	-10,613	-14,426	0	0	0	-	-
Net Income (Loss) Attributable To Partners
104,849	96,749	96,390	89,186	89,883	90,182	87,817	81,414	74,809	69,409	65,807	62,035	61,951	62,804	62,787	68,238	67,656	66,848	72,039	68,522	71,965	71,997	62,836	60,296	50,298	47,830	0	0	0	-	-
Comprehensive income attributable to partners
104,849	96,749	96,390	89,186	89,883	90,182	87,817	81,414	74,809	69,409	65,807	62,035	61,951	62,804	62,787	68,238	67,656	66,848	72,039	68,522	71,965	71,997	62,836	60,296	50,298	47,830	39,473	0	0	0	0
Net Income (Loss) Allocated to General Partners
34,887	33,080	31,309	29,050	27,183	25,543	23,501	21,610	19,950	18,429	17,296	15,810	14,049	12,193	10,087	8,211	6,529	5,163	4,234	3,449	2,960	2,366	1,740	1,392	1,006	957	0	0	0	-	-
Limited partners' interest in net income
69,962	63,669	65,081	60,136	62,700	64,639	64,316	59,804	54,859	50,980	48,511	46,225	47,902	50,611	52,700	60,027	61,127	61,685	67,805	65,073	69,005	69,631	61,096	58,904	49,292	46,873	0	0	0	-	-
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	-	-