XML 21 R25.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Acquisitions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2014
Tyler and El Dorado Terminal and Tank Assets [Member] |
Business Acquisition [Line Items] |
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 |  | Nine Months Ended
|  | September 30, 2014 |  | September 30, 2014
Tyler Terminal and Tank Assets: |  |  |  |
Total operating revenues |  | $ | 4,486 |  |  | $ | 13,488 |
Net income attributable to the Partnership |  | $ | 2,341 |  |  | $ | 7,625 |
El Dorado Terminal and Tank Assets: |  |  |  |
Total operating revenues |  | $ | 4,471 |  |  | $ | 11,326 |
Net income attributable to the Partnership |  | $ | 3,021 |  |  | $ | 6,962 |
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) |  | Nine Months Ended September 30, 2014
|  | (In thousands)
Net sales |  | $ | 667,906 |  |  | $ | — |  |  | $ | 667,906 |
Operating costs and expenses: |  |  |  |  |  |
Cost of goods sold |  | 562,916 |  |  | — |  |  | 562,916 |
Operating expenses |  | 28,293 |  |  | 783 |  |  | 29,076 |
General and administrative expenses |  | 7,312 |  |  | 46 |  |  | 7,358 |
Depreciation and amortization |  | 10,644 |  |  | 114 |  |  | 10,758 |
Loss on asset disposals |  | 74 |  |  | — |  |  | 74 |
Total operating costs and expenses |  | 609,239 |  |  | 943 |  |  | 610,182 |
Operating income (loss) |  | 58,667 |  |  | (943 | ) |  | 57,724 |
Interest expense, net |  | 6,551 |  |  | — |  |  | 6,551 |
Net income (loss) before income tax expense |  | 52,116 |  |  | (943 | ) |  | 51,173 |
Income tax expense |  | 605 |  |  | — |  |  | 605 |
Net income (loss) |  | 51,511 |  |  | (943 | ) |  | 50,568 |
Less: Loss attributable to Predecessors |  | — |  |  | (943 | ) |  | (943 | )
Net income attributable to partners |  | $ | 51,511 |  |  | $ | — |  |  | $ | 51,511 |
|  |  |  | Tyler Terminal and Tank Assets |  | El Dorado Terminal and Tank Assets |  |
|  | Delek Logistics Partners, LP |  | (Tyler Predecessor) |  | (El Dorado Predecessor) |  | Three Months Ended September 30, 2013
|  | (In thousands)
Net Sales |  | $ | 243,295 |  |  | $ | — |  |  | $ | — |  |  | $ | 243,295 |
Operating costs and expenses: |  |  |  |  |  |  |  |
Cost of goods sold |  | 218,222 |  |  | — |  |  | — |  |  | 218,222 |
Operating expenses |  | 6,645 |  |  | 829 |  |  | 1,499 |  |  | 8,973 |
General and administrative expenses |  | 1,782 |  |  | 86 |  |  | 105 |  |  | 1,973 |
Depreciation and amortization |  | 2,600 |  |  | 244 |  |  | 297 |  |  | 3,141 |
Total operating costs and expenses |  | 229,249 |  |  | 1,159 |  |  | 1,901 |  |  | 232,309 |
Operating income (loss) |  | 14,046 |  |  | (1,159 | ) |  | (1,901 | ) |  | 10,986 |
Interest expense, net |  | 1,194 |  |  | — |  |  | — |  |  | 1,194 |
Net income (loss) before income tax expense |  | 12,852 |  |  | (1,159 | ) |  | (1,901 | ) |  | 9,792 |
Income tax expense |  | 307 |  |  | — |  |  | — |  |  | 307 |
Net income (loss) |  | 12,545 |  |  | (1,159 | ) |  | (1,901 | ) |  | 9,485 |
Less: Loss attributable to Predecessors |  | — |  |  | (1,159 | ) |  | (1,901 | ) |  | (3,060 | )
Net income attributable to partners |  | $ | 12,545 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,545 |
|  |  |  | Tyler Terminal and Tank Assets |  | El Dorado Terminal and Tank Assets |  |
|  | Delek Logistics Partners, LP |  | (Tyler Predecessor) |  | (El Dorado Predecessor) |  | Nine Months Ended September 30, 2013
|  | (In thousands)
Net Sales |  | $ | 684,331 |  |  | $ | — |  |  | $ | — |  |  | $ | 684,331 |
Operating costs and expenses: |  |  |  |  |  |  |  |
Cost of goods sold |  | 614,048 |  |  | — |  |  | — |  |  | 614,048 |
Operating expenses |  | 18,574 |  |  | 4,501 |  |  | 4,907 |  |  | 27,982 |
General and administrative expenses |  | 4,570 |  |  | 602 |  |  | 524 |  |  | 5,696 |
Depreciation and amortization |  | 7,324 |  |  | 1,750 |  |  | 892 |  |  | 9,966 |
Total operating costs and expenses |  | 644,516 |  |  | 6,853 |  |  | 6,323 |  |  | 657,692 |
Operating income (loss) |  | 39,815 |  |  | (6,853 | ) |  | (6,323 | ) |  | 26,639 |
Interest expense, net |  | 2,763 |  |  | — |  |  | — |  |  | 2,763 |
Net income (loss) before income tax expense |  | 37,052 |  |  | (6,853 | ) |  | (6,323 | ) |  | 23,876 |
Income tax expense |  | 547 |  |  | — |  |  | — |  |  | 547 |
Net income (loss) |  | 36,505 |  |  | (6,853 | ) |  | (6,323 | ) |  | 23,329 |
Less: Loss attributable to Predecessors |  | — |  |  | (6,853 | ) |  | (6,323 | ) |  | (13,176 | )
Net income attributable to partners |  | $ | 36,505 |  |  | $ | — |  |  | $ | — |  |  | $ | 36,505 |
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 of the Partnership for the three and nine months ended September 30, 2013, as if the acquisition had occurred on January 1, 2013 (in thousands):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2013 |  | September 30, 2013
Net sales |  | $ | 243,673 |  |  | $ | 685,432 |
Net income |  | $ | 9,687 |  |  | $ | 23,953 |
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 September 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 of the Partnership for the three and nine months ended September 30, 2013, as if the acquisition had occurred on January 1, 2013 (in thousands):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2013 |  | September 30, 2013
Net sales |  | $ | 243,295 |  |  | $ | 684,334 |
Net income |  | $ | 9,459 |  |  | $ | 23,047 |
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 September 30, 2014 is summarized as follows (in thousands):
Property, plant and equipment | $ | 3,538 |
Intangible assets | 984 |
Goodwill | 1,200 |
Total | $ | 5,722 |

X
- Definition Tabular disclosure of the combined results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References No definition available. + Details
Name: | dk_BusinessCombinationFinancialInformationTableTextBlock
Namespace Prefix: | dk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration