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Acquisitions (Notes)
 6 Months Ended
Jun. 30, 2016
Acquisitions [Abstract]  
Acquisitions
Acquisitions

Acquisitions from Delek

During the six month period ended June 30, 2015, the Partnership acquired the assets listed below from Delek:

•
the El Dorado Assets, effective March 31, 2015, for approximately $42.5 million in cash financed with borrowings under the Partnership's amended and restated senior secured revolving credit facility; and
•
the Tyler Assets, effective March 31, 2015, for approximately $19.4 million in cash financed with borrowings under the Partnership's amended and restated senior secured revolving credit facility.

Financial Results of the El Dorado Assets and the Tyler Assets

The acquisitions of the El Dorado Assets and the Tyler Assets were considered transfers of businesses between entities under common control. Accordingly, the El Dorado Rail Offloading Racks Acquisition and the Tyler Crude Tank Acquisition were recorded at amounts based on Delek's historical carrying values as of the acquisition date, which were $7.6 million and $11.6 million as of March 31, 2015, respectively. Our historical financial statements have been retrospectively adjusted to reflect the results of operations, financial position, cash flows and equity attributable to the El Dorado Assets and the Tyler Assets, as if we owned the assets for the period ended March 31, 2015. The results of the El Dorado Assets and the Tyler Assets are included in the pipelines and transportation segment.

The table below presents our results of operations, the effect of including the results of the El Dorado Assets and the Tyler Assets, and the adjusted total amounts included in our consolidated financial statements for the six months ended June 30, 2015.
Condensed Combined Statements of Operations

 
 
Delek Logistics Partners, LP
 
El Dorado Assets
(El Dorado Assets Predecessor)
 
Tyler Assets
(Tyler Assets Predecessor)
 
Six Months Ended June 30, 2015
 
 
(In thousands)
Net Sales
 
$
315,646

 
$
—

 
$
—

 
$
315,646

Operating costs and expenses:
 
 
 
 
 
 
 
 
Cost of goods sold
 
240,901

 
—

 
—

 
240,901

Operating expenses
 
21,408

 
167

 
—

 
21,575

General and administrative expenses
 
6,391

 
—

 
—

 
6,391

Depreciation and amortization
 
8,774

 
372

 
98

 
9,244

Gain on asset disposals
 
(18
)
 
—

 
—

 
(18
)
Total operating costs and expenses
 
277,456

 
539

 
98

 
278,093

Operating income (loss)
 
38,190

 
(539
)
 
(98
)
 
37,553

Interest expense, net
 
4,773

 
—

 
—

 
4,773

Loss on equity method investments
 
149

 
—

 
—

 
149

Total non-operating costs and expenses
 
4,922

 
—

 
—

 
4,922

Net income (loss) before income tax expense
 
33,268

 
(539
)
 
(98
)
 
32,631

Income tax expense
 
317

 
—

 
—

 
317

Net income (loss)
 
32,951

 
(539
)
 
(98
)
 
32,314

Less: loss attributable to the Logistics Assets Predecessor
 
—

 
(539
)
 
(98
)
 
(637
)
Net income attributable to partners
 
$
32,951

 
$
—

 
$
—

 
$
32,951