XML 58 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues [Abstract]        
Net sales $ 236,343 $ 230,142 [1] $ 439,870 $ 441,036 [1]
Operating costs and expenses:        
Cost of goods sold 196,574 207,966 [1] 368,783 395,826 [1]
Operating expenses 9,544 9,928 [1] 18,863 19,009 [1]
General and administrative expenses 2,242 1,521 [1] 4,905 3,723 [1]
Depreciation and amortization 3,532 3,284 [1] 7,009 6,825 [1],[2]
Loss on asset disposals 74 0 [1] 74 0 [1],[2]
Total operating costs and expenses 211,966 222,699 [1] 399,634 425,383 [1]
Operating income 24,377 7,443 [1] 40,236 15,653 [1]
Interest expense, net 2,342 752 [1] 4,325 1,569 [1]
Net income before income tax expense 22,035 6,691 [1] 35,911 14,084 [1]
Income tax expense 281 118 [1] 428 240 [1]
Net income 21,754 6,573 [1] 35,483 13,844 [1],[2]
Less: Loss attributable to Predecessors 0 (5,183) [1] (943) (10,116) [1]
Net income attributable to partners 21,754 11,756 [1] 36,426 23,960 [1]
Comprehensive income attributable to partners 21,754 11,756 [1] 36,426 [1] 23,960 [1]
Less: General partner's interest in net income, including incentive distribution rights (620) (234) [1] (914) (478) [1]
Limited partners' interest in net income $ 21,134 $ 11,522 [1] $ 35,512 $ 23,482 [1]
Net income per limited partner unit:        
Common units - (basic) $ 0.88 $ 0.48 $ 1.47 $ 0.98
Common units - (diluted) $ 0.87 $ 0.47 $ 1.46 $ 0.97
Weighted average limited partner units outstanding:        
Common units - (basic) 12,159,732 12,006,843 12,156,135 12,003,071
Common units - (diluted) 12,291,273 12,159,084 12,281,598 12,128,764
Subordinated units - Delek (basic and diluted) 11,999,258 11,999,258 11,999,258 11,999,258
Cash distributions per unit $ 0.475 $ 0.395 [1] $ 0.900 $ 0.780 [1]
Common Units [Member]
       
Net income per limited partner unit:        
Common units - (basic) $ 0.88 $ 0.48 [1] $ 1.47 $ 0.98 [1]
Common units - (diluted) $ 0.87 $ 0.47 [1] $ 1.46 $ 0.97 [1]
Weighted average limited partner units outstanding:        
Common units - (basic) 12,159,732 12,006,843 [1] 12,156,135 12,003,071 [1]
Common units - (diluted) 12,291,273 12,159,084 [1] 12,281,598 12,128,764 [1]
Subordinated unitholders - Delek
       
Net income per limited partner unit:        
Subordinated units - Delek (basic and diluted) $ 0.87 $ 0.48 [1] $ 1.47 $ 0.98 [1]
Weighted average limited partner units outstanding:        
Subordinated units - Delek (basic and diluted) 11,999,258 11,999,258 [1] 11,999,258 11,999,258 [1]
[1] 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.
[2] 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.