XML 56 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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues [Abstract]        
Net sales $ 228,036 $ 243,295 [1] $ 667,906 [2] $ 684,331 [1]
Operating costs and expenses:        
Cost of goods sold 194,133 218,222 [1] 562,916 [2] 614,048 [1]
Operating expenses 10,213 8,973 [1] 29,076 [2] 27,982 [1]
General and administrative expenses 2,453 1,973 [1] 7,358 [2] 5,696 [1]
Depreciation and amortization 3,749 3,141 [1] 10,758 [2] 9,966 [1]
Loss on asset disposals 0 0 [1] 74 [2],[3] 0 [1],[4]
Total operating costs and expenses 210,548 232,309 [1] 610,182 [2] 657,692 [1]
Operating income 17,488 10,986 [1] 57,724 [2] 26,639 [1]
Interest expense, net 2,226 1,194 [1] 6,551 [2] 2,763 [1]
Net income before income tax expense 15,262 9,792 [1] 51,173 [2] 23,876 [1]
Income tax expense 177 307 [1] 605 [2] 547 [1]
Net income 15,085 9,485 [1] 50,568 [2],[3] 23,329 [1],[4]
Less: Loss attributable to Predecessors 0 (3,060) [1] (943) [2] (13,176) [1]
Net income attributable to partners 15,085 12,545 [1] 51,511 [2] 36,505 [1]
Comprehensive income attributable to partners 15,085 12,545 [1] 51,511 [2] 36,505 [1]
Less: General partner's interest in net income, including incentive distribution rights (598) (250) [1] (1,511) [2] (729) [1]
Limited partners' interest in net income $ 14,487 $ 12,295 [1] $ 50,000 [2] $ 35,776 [1]
Net income per limited partner unit:        
Common units - (basic) $ 0.60 $ 0.51 $ 2.07 $ 1.49
Common units - (diluted) $ 0.59 $ 0.51 $ 2.05 $ 1.48
Weighted average limited partner units outstanding:        
Common units - (basic) 12,183,847 12,036,821 12,165,474 12,014,445
Common units - (diluted) 12,327,321 12,188,342 12,299,963 12,152,657
Subordinated units - Delek (basic and diluted) 11,999,258 11,999,258 11,999,258 11,999,258
Cash distributions per limited partner unit $ 0.490 $ 0.405 [1] $ 1.390 [2] $ 1.185 [1]
Common Units [Member]
        
Net income per limited partner unit:        
Common units - (basic) $ 0.60 $ 0.51 [1] $ 2.07 [2] $ 1.49 [1]
Common units - (diluted) $ 0.59 $ 0.51 [1] $ 2.05 [2] $ 1.48 [1]
Weighted average limited partner units outstanding:        
Common units - (basic) 12,183,847 12,036,821 [1] 12,165,474 [2] 12,014,445 [1]
Common units - (diluted) 12,327,321 12,188,342 [1] 12,299,963 [2] 12,152,657 [1]
Subordinated unitholders - Delek
        
Net income per limited partner unit:        
Subordinated units - Delek (basic and diluted) $ 0.60 $ 0.51 [1] $ 2.07 [2] $ 1.49 [1]
Weighted average limited partner units outstanding:        
Subordinated units - Delek (basic and diluted) 11,999,258 11,999,258 [1] 11,999,258 [2] 11,999,258 [1]
[1] Adjusted to include the historical results of the El Dorado Terminal and Tank Assets. See Notes 1 and 2 for further discussion.
[2] The information presented includes the results of operations of the El Dorado Predecessor. Prior to the El Dorado Acquisition, the El Dorado Predecessor did not record revenues for intercompany terminalling and storage services.
[3] Includes the historical cash flows of the El Dorado Terminal and Tank Assets. See Notes 1 and 2 for further discussion.
[4] Adjusted to include the historical cash flows of the El Dorado Terminal and Tank Assets. See Notes 1 and 2 for further discussion.