XML 69 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions Tyler and El Dorado Terminal and Tank Assets Finanical Results (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Jun. 30, 2014
El Dorado Terminal and Tanks [Member]
Jun. 30, 2014
El Dorado Terminal and Tanks [Member]
Feb. 10, 2014
El Dorado Terminal and Tanks [Member]
Jun. 30, 2014
Tyler Terminal and Tanks [Member]
Jun. 30, 2014
Tyler Terminal and Tanks [Member]
Jul. 26, 2013
Tyler Terminal and Tanks [Member]
Jun. 30, 2013
Delek Logistics Partners, LP (previously reported)
Jun. 30, 2014
Delek Logistics Partners, LP (previously reported)
Jun. 30, 2013
Delek Logistics Partners, LP (previously reported)
Dec. 31, 2013
Delek Logistics Partners, LP (previously reported)
Jun. 30, 2013
Predecessor
El Dorado Terminal and Tanks [Member]
Jun. 30, 2014
Predecessor
El Dorado Terminal and Tanks [Member]
Jun. 30, 2013
Predecessor
El Dorado Terminal and Tanks [Member]
Dec. 31, 2013
Predecessor
El Dorado Terminal and Tanks [Member]
Jun. 30, 2013
Predecessor
Tyler Terminal and Tanks [Member]
Jun. 30, 2013
Predecessor
Tyler Terminal and Tanks [Member]
Historical carrying value of assets acquired                 $ 25,200     $ 38,300                    
Total operating revenues             4,398 6,855   4,501 9,002                      
Net income attributable to the Partnership             2,726 3,941   2,375 5,284                      
Costs associated with the acquisition             0 186                            
Current assets:                                            
Cash and cash equivalents 2,417 27,303 [1] 2,417 27,303 [1] 924 [2] 23,452 [1]                   924       0    
Accounts receivable 37,951   37,951   28,976 [2]                     28,976       0    
Inventory 24,833   24,833   17,512 [2]                     17,512       0    
Deferred tax assets 12   12   12 [2]                     12       0    
Other current assets 799   799   341 [2]                     341       0    
Total current assets 66,012   66,012   47,765 [2]                     47,765       0    
Property, plant and equipment:                                            
Property, plant and equipment 266,436   266,436   265,388 [2]                     235,588       29,800    
Less: accumulated depreciation (45,843)   (45,843)   (39,566) [2]                     (36,306)       (3,260)    
Property, plant and equipment, net 220,593   220,593   225,822 [2]                     199,282       26,540    
Goodwill 11,654   11,654   10,454 [2]                     10,454       0    
Intangible assets, net 11,843   11,843   12,258 [2]                     12,258       0    
Other non-current assets 4,337   4,337   5,045 [2]                     5,045       0    
Total assets 314,439   314,439   301,344 [2]                     274,804       26,540    
Current liabilities:                                            
Accounts payable 39,731   39,731   26,045 [2]                     26,045       0    
Accounts payable to related parties         1,513                     1,513       0    
Fuel and other taxes payable 6,733   6,733   5,700 [2]                     5,700       0    
Accrued expenses and other current liabilities 9,270   9,270   6,451 [2]                     5,776       675    
Total current liabilities 58,330   58,330   39,709 [2]                     39,034       675    
Non-current liabilities:                                            
Revolving credit facility 239,000   239,000   164,800 [2]                     164,800       0    
Asset retirement obligations 3,202   3,202   3,087 [2]                     2,993       94    
Deferred tax liabilities 376   376   324 [2]                     324       0    
Other non-current liabilities 5,593   5,593   6,222 [2]                     5,612       610    
Total non-current liabilities 248,171   248,171   174,433 [2]                     173,729       704    
Equity:                                            
Predecessors division equity 0   0   25,161 [2]                     0       25,161    
Common unitholders - public (9,353,240 units issued and outstanding) 190,122   190,122   183,839 [2]                     183,839       0    
Common unitholders - Delek (2,799,258 units issued and outstanding) (243,378)   (243,378)   (176,680) [2]                     (176,680)       0    
Subordinated unitholders - Delek (11,999,258 units issued and outstanding) 67,409   67,409   59,386 [2]                     59,386       0    
General Partner unitholders - Delek (492,893 units issued and outstanding) (6,215)   (6,215)   (4,504) [2]                     (4,504)       0    
Total equity 7,938   7,938   87,202 [2]                     62,041       25,161    
Total liabilities and equity 314,439   314,439   301,344 [2]                     274,804       26,540    
Condensed Combined Statement of Operations                                            
Net Sales 236,343 230,142 [3] 439,870 441,036 [3]                 230,142 439,870 441,036   0 0 0   0 0
Operating costs and expenses:                                            
Cost of goods sold 196,574 207,966 [3] 368,783 395,826 [3]                 207,966 368,783 395,826   0 0 0   0 0
Operating expenses 9,544 9,928 [3] 18,863 19,009 [3]                 6,067 18,080 11,929   1,839 783 3,408   2,022 3,672
General and administrative expenses 2,242 1,521 [3] 4,905 3,723 [3]                 1,111 4,859 2,788   187 46 419   223 516
Depreciation and amortization 3,532 3,284 [3] 7,009 6,825 [1],[3]                 2,372 6,895 4,724   298 114 595   614 1,506
Loss on asset disposals 74 0 [3] 74 0 [1],[3]                   74       0        
Total operating costs and expenses 211,966 222,699 [3] 399,634 425,383 [3]                 217,516 398,691 415,267   2,324 943 4,422   2,859 5,694
Operating income (loss) 24,377 7,443 [3] 40,236 15,653 [3]                 12,626 41,179 25,769   (2,324) (943) (4,422)   (2,859) (5,694)
Interest expense, net 2,342 752 [3] 4,325 1,569 [3]                 752 4,325 1,569   0 0 0   0 0
Net income (loss) before income tax expense 22,035 6,691 [3] 35,911 14,084 [3]                 11,874 36,854 24,200   (2,324) (943) (4,422)   (2,859) (5,694)
Income tax expense 281 118 [3] 428 240 [3]                 118 428 240   0 0 0   0 0
Net income (loss) 21,754 6,573 [3] 35,483 13,844 [1],[3]                 11,756 36,426 23,960   (2,324) (943) (4,422)   (2,859) (5,694)
Less: Loss attributable to Predecessors 0 (5,183) [3] (943) (10,116) [3]                 0 0 0   (2,324) (943) (4,422)   (2,859) (5,694)
Net income attributable to partners $ 21,754 $ 11,756 [3] $ 36,426 $ 23,960 [3]                 $ 11,756 $ 36,426 $ 23,960   $ 0 $ 0 $ 0   $ 0 $ 0
[1] Adjusted to include the historical cash flows of the El Dorado Terminal and Tank Assets and the Tyler Terminal and Tank Assets. See Notes 1 and 2 for further discussion.
[2] Includes the historical balances of the El Dorado Terminal and Tank Assets and the Tyler Terminal and Tank Assets. See Notes 1 and 2 for further discussion.
[3] Adjusted to include the historical results of the El Dorado Terminal and Tank Assets and the Tyler Terminal and Tank Assets. See Notes 1 and 2 for further discussion.