Acquisitions (Tables)

6 Months Ended

Jun. 30, 2014

Tyler and El Dorado Terminal and Tank Assets [Member]

Business Acquisition, Pro Forma Information [Table Text Block]

The following amounts associated with the El Dorado Terminal and Tanks Assets and the Tyler Terminal and Tank Assets, subsequent to each respective acquisition date, are included in the condensed consolidated statements of operations of the Partnership (in thousands):



	Three Months Ended		Six Months Ended
	June 30, 2014		June 30, 2014
Tyler Terminal and Tank Assets:
Total operating revenues	$	4,501	$	9,002
Net income attributable to the Partnership	2,375		5,284
El Dorado Terminal and Tank Assets:
Total operating revenues	4,398		6,855
Net income attributable to the Partnership	2,726		3,941
Costs associated with the acquisition	$	—	$	186

Business Combination, Financial Information [Table Text Block]

The tables on the following page present our results of operations, the effect of including the results of the El Dorado Terminal and Tank Assets and the Tyler Terminal and Tank Assets and the adjusted total amounts included in our condensed consolidated financial statements.

Condensed Combined Balance Sheet as of December 31, 2013



	Delek Logistics			El Dorado Terminal and Tank Assets
	Partners, LP			(El Dorado Predecessor)			December 31, 2013
				(In thousands)
ASSETS
Current Assets:
Cash and cash equivalents	$	924		$	—		$	924
Accounts receivable	28,976			—			28,976
Inventory	17,512			—			17,512
Deferred tax assets	12			—			12
Other current assets	341			—			341
Total current assets	47,765			—			47,765
Property, plant and equipment:
Property, plant and equipment	235,588			29,800			265,388
Less: accumulated depreciation	(36,306		)	(3,260		)	(39,566		)
Property, plant and equipment, net	199,282			26,540			225,822
Goodwill	10,454			—			10,454
Intangible assets, net	12,258			—			12,258
Other non-current assets	5,045			—			5,045
Total assets	$	274,804		$	26,540		$	301,344
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	26,045		$	—		$	26,045
Accounts payable to related parties	1,513			—			1,513
Fuel and other taxes payable	5,700			—			5,700
Accrued expenses and other current liabilities	5,776			675			6,451
Total current liabilities	39,034			675			39,709
Non-current liabilities:
Revolving credit facility	164,800			—			164,800
Asset retirement obligations	2,993			94			3,087
Deferred tax liabilities	324			—			324
Other non-current liabilities	5,612			610			6,222
Total non-current liabilities	173,729			704			174,433
Equity:
Predecessors division equity	—			25,161			25,161
Common unitholders - public (9,353,240 units issued and outstanding)	183,839			—			183,839
Common unitholders - Delek (2,799,258 units issued and outstanding)	(176,680		)	—			(176,680		)
Subordinated unitholders - Delek (11,999,258 units issued and outstanding)	59,386			—			59,386
General Partner unitholders - Delek (492,893 units issued and outstanding)	(4,504		)	—			(4,504		)
Total equity	62,041			25,161			87,202
Total liabilities and equity	$	274,804		$	26,540		$	301,344

Condensed Combined Statements of Operations



			El Dorado Terminal and Tank Assets
	Delek Logistics Partners, LP		(El Dorado Predecessor)			Six Months Ended June 30, 2014

Net sales	$	439,870	$	—		$	439,870
Operating costs and expenses:
Cost of goods sold	368,783		—			368,783
Operating expenses	18,080		783			18,863
General and administrative expenses	4,859		46			4,905
Depreciation and amortization	6,895		114			7,009
Loss on asset disposal	74		—			74
Total operating costs and expenses	398,691		943			399,634
Operating income (loss)	41,179		(943		)	40,236
Interest expense, net	4,325		—			4,325
Net income (loss) before income tax expense	36,854		(943		)	35,911
Income tax expense	428		—			428
Net income (loss)	36,426		(943		)	35,483
Less: Loss attributable to Predecessors	—		(943		)	(943		)
Net income attributable to partners	$	36,426	$	—		$	36,426



			Tyler Terminal and Tank Assets			El Dorado Terminal and Tank Assets
	Delek Logistics Partners, LP		(Tyler Predecessor)			(El Dorado Predecessor)			Three Months Ended June 30, 2013
			(In thousands)
Net Sales	$	230,142	$	—		$	—		$	230,142
Operating costs and expenses:
Cost of goods sold	207,966		—			—			207,966
Operating expenses	6,067		2,022			1,839			9,928
General and administrative expenses	1,111		223			187			1,521
Depreciation and amortization	2,372		614			298			3,284
Total operating costs and expenses	217,516		2,859			2,324			222,699
Operating income (loss)	12,626		(2,859		)	(2,324		)	7,443
Interest expense, net	752		—			—			752
Net income (loss) before income tax expense	11,874		(2,859		)	(2,324		)	6,691
Income tax expense	118		—			—			118
Net income (loss)	11,756		(2,859		)	(2,324		)	6,573
Less: Loss attributable to Predecessors	—		(2,859		)	(2,324		)	(5,183		)
Net income attributable to partners	$	11,756	$	—		$	—		$	11,756



			Tyler Terminal and Tank Assets			El Dorado Terminal and Tank Assets
	Delek Logistics Partners, LP		(Tyler Predecessor)			(El Dorado Predecessor)			Six Months Ended June 30, 2013
			(In thousands)
Net Sales	$	441,036	$	—		$	—		$	441,036
Operating costs and expenses:
Cost of goods sold	395,826		—			—			395,826
Operating expenses	11,929		3,672			3,408			19,009
General and administrative expenses	2,788		516			419			3,723
Depreciation and amortization	4,724		1,506			595			6,825
Total operating costs and expenses	415,267		5,694			4,422			425,383
Operating income (loss)	25,769		(5,694		)	(4,422		)	15,653
Interest expense, net	1,569		—			—			1,569
Net income (loss) before income tax expense	24,200		(5,694		)	(4,422		)	14,084
Income tax expense	240		—			—			240
Net income (loss)	23,960		(5,694		)	(4,422		)	13,844
Less: Loss attributable to Predecessors	—		(5,694		)	(4,422		)	(10,116		)
Net income attributable to partners	$	23,960	$	—		$	—		$	23,960

North Little Rock Terminal [Member]

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information [Table Text Block]

Below are the unaudited pro forma consolidated results of operations for the three and six months ended June 30, 2013, as if these acquisitions had occurred on January 1, 2013 (in thousands):



	Three Months Ended		Six Months Ended
	June 30, 2013		June 30, 2013
Net sales	$	230,501	$	441,755
Net income	$	6,780	$	14,260

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

During the second quarter of 2014, we finalized our purchase price allocation and adjusted certain of the acquisition-date fair values previously disclosed. The final allocation of the aggregate purchase price of the North Little Rock Terminal as of June 30, 2014 is summarized as follows (in thousands):



Property, plant and equipment	$	4,990
Intangible assets	10
Total	$	5,000

Hopewell [Member]

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information [Table Text Block]

Below are the unaudited pro forma consolidated results of operations for the three and six months ended June 30, 2013, as if the acquisition had occurred on January 1, 2013 (in thousands):



	Three Months Ended		Six Months Ended
	June 30, 2013		June 30, 2013
Net sales	$	230,142	$	441,036
Net income	$	6,480	$	13,588

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The final allocation of the aggregate purchase price of the Hopewell Pipeline as of June 30, 2014 is summarized as follows (in thousands):



Property, plant and equipment	$	3,538
Intangible assets	984
Goodwill	1,200
Total	$	5,722