Cash flow Delek Logistics Partners, LP

Equities

DKL

US24664T1034

Oil & Gas Transportation Services

Market Closed - Nyse Other stock markets 04:00:02 2024-09-17 pm EDT			5-day change	1st Jan Change
43.74 ^USD	+0.53%		+6.14%	+1.32%

Sep. 12	Sector Update: Energy Stocks Edge Higher Premarket Thursday	MT
Sep. 12	Delek Logistics Partners Closes H2O Midstream Acquisition	MT

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Published financial data: DELEK LOGISTICS PARTNERS, LP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	584M	563M	701M	1.04B	1.02B
Total Revenues	584M	563M	701M	1.04B	1.02B
Cost of Goods Sold, Total	408M	323M	443M	727M	648M
Gross Profit	176M	240M	258M	310M	372M
Selling General & Admin Expenses, Total	23.63M	25.02M	24.88M	26.45M	27.18M
Depreciation & Amortization - (IS)	26.7M	35.73M	42.77M	62.99M	92.38M
Other Operating Expenses	34K	-66K	-59K	-114K	-
Other Operating Expenses, Total	50.37M	60.68M	67.59M	89.32M	120M
Operating Income	126M	180M	191M	220M	253M
Interest Expense, Total	-47.33M	-42.87M	-50.22M	-82.3M	-143M
Net Interest Expenses	-47.33M	-42.87M	-50.22M	-82.3M	-143M
Income (Loss) On Equity Invest.	19.83M	22.69M	24.58M	31.68M	31.43M
Other Non Operating Income (Expenses)	-600K	-133K	119K	373K	303K
EBT, Excl. Unusual Items	97.72M	159M	165M	170M	141M
Merger & Related Restructuring Charges	-	-	-	-10.6M	-
Impairment of Goodwill	-	-	-	-	-14.85M
Gain (Loss) On Sale Of Assets	-	-	-	-	1.27M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	97.72M	159M	165M	159M	127M
Income Tax Expense	967K	223K	153K	382K	1.2M
Earnings From Continuing Operations	96.75M	159M	165M	159M	126M
Net Income to Company	96.75M	159M	165M	159M	126M
Minority Interest	-33.08M	-18.72M	-	-	-
Net Income - (IS)	63.67M	141M	165M	159M	126M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	63.67M	141M	165M	159M	126M
Net Income to Common Excl. Extra Items	63.67M	141M	165M	159M	126M
Per Share Items
Net EPS - Basic	2.61	4.18	3.79	3.66	2.9
Basic EPS - Continuing Operations	2.61	4.18	3.79	3.66	2.9
Basic Weighted Average Shares Outstanding	24.41M	33.59M	43.45M	43.49M	43.58M
Net EPS - Diluted	2.61	4.18	3.79	3.66	2.89
Diluted EPS - Continuing Operations	2.61	4.18	3.79	3.66	2.89
Diluted Weighted Average Shares Outstanding	24.42M	33.6M	43.46M	43.51M	43.61M
Normalized Basic EPS	1.15	2.41	2.37	2.44	2.02
Normalized Diluted EPS	1.15	2.41	2.37	2.44	2.02
Dividend Per Share	3.44	3.6	3.78	3.98	4.16
Payout Ratio	128.81	110.87	98.12	107.57	142.61
Supplemental Items
EBITDA	160M	223M	240M	290M	352M
EBITA	133M	187M	198M	238M	278M
EBIT	126M	180M	191M	220M	253M
EBITDAR	162M	233M	255M	310M	373M
Total Revenues (As Reported)	584M	563M	701M	1.04B	1.02B
Effective Tax Rate - (Ratio)	0.99	0.14	0.09	0.24	0.95
Current Domestic Taxes	471K	-178K	-200K	377K	-
Total Current Taxes	471K	-178K	-200K	377K	-
Deferred Domestic Taxes	496K	401K	353K	5K	-
Total Deferred Taxes	496K	401K	353K	5K	-
Normalized Net Income	27.99M	80.95M	103M	106M	88.14M
Supplemental Operating Expense Items
General and Administrative Expenses	20.82M	22.59M	22.54M	23.58M	24.77M
Net Rental Expense, Total	2.12M	10.33M	14.8M	19.4M	20.39M
Imputed Operating Lease Interest Expense	1.05M	3.82M	6.14M	9.81M	13.74M
Imputed Operating Lease Depreciation	1.08M	6.51M	8.66M	9.59M	6.65M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.54M	4.24M	4.29M	7.97M	3.76M
Total Cash And Short Term Investments	5.54M	4.24M	4.29M	7.97M	3.76M
Accounts Receivable, Total	13.2M	21.61M	15.38M	53.31M	69.57M
Total Receivables	13.2M	21.61M	15.38M	53.31M	69.57M
Inventory	12.62M	3.13M	2.41M	1.48M	2.26M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	2.2M	331K	951K	2.46M	676K
Total Current Assets	33.57M	29.31M	23.03M	65.23M	76.27M
Gross Property Plant And Equipment	463M	714M	735M	1.26B	1.34B
Accumulated Depreciation	-166M	-227M	-266M	-317M	-384M
Net Property Plant And Equipment	297M	487M	468M	947M	953M
Long-term Investments	247M	254M	250M	257M	241M
Goodwill	12.2M	12.2M	12.2M	27.05M	12.2M
Other Intangibles, Total	131M	160M	154M	365M	343M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	23.98M	14.19M	27.7M	18.48M	16.29M
Total Assets	744M	956M	935M	1.68B	1.64B
Liabilities
Accounts Payable, Total	21.37M	6.66M	72.58M	63.46M	26.29M
Accrued Expenses, Total	12.28M	12.95M	17.42M	16.93M	27.02M
Current Portion of Long-Term Debt	-	-	-	15M	30M
Current Portion of Leases	1.44M	8.69M	6.81M	10.83M	7.28M
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	35.08M	28.3M	96.82M	106M	90.59M
Long-Term Debt	833M	992M	899M	1.65B	1.67B
Long-Term Leases	2.31M	15.42M	14.07M	12.37M	9.1M
Deferred Tax Liability Non Current	215K	616K	1M	1M	-
Other Non Current Liabilities	24.85M	28.09M	28.21M	23.84M	30.64M
Total Liabilities	896M	1.06B	1.04B	1.79B	1.8B
Common Stock, Total	-146M	-108M	-104M	-111M	-162M
Total Common Equity	-146M	-108M	-104M	-111M	-162M
Minority Interest	-5.04M	-	-	-	-
Total Equity	-151M	-108M	-104M	-111M	-162M
Total Liabilities And Equity	744M	956M	935M	1.68B	1.64B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	24.43M	43.44M	43.47M	43.57M	43.62M
ECS Total Common Shares Outstanding	24.43M	43.44M	43.47M	43.57M	43.61M
Book Value / Share	-5.98	-2.49	-2.39	-2.54	-3.71
Tangible Book Value	-289M	-281M	-270M	-503M	-517M
Tangible Book Value Per Share	-11.84	-6.46	-6.21	-11.53	-11.86
Total Debt	837M	1.02B	920M	1.68B	1.72B
Net Debt	831M	1.01B	916M	1.68B	1.72B
Debt Equivalent Oper. Leases	16.99M	82.66M	118M	155M	163M
Minority Interest, Total (Incl. Fin. Div)	-5.04M	-	-	-	-
Equity Method Investments, Total	247M	254M	250M	257M	241M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	12.62M	3.13M	2.41M	1.48M	2.26M
Land - (BS)	4.46M	14.53M	14.53M	17.37M	17.37M
Buildings, Total	1.85M	2.74M	2.74M	5.07M	5.07M
Machinery, Total	16.63M	30.8M	30.77M	30.85M	27.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	63.67M	141M	165M	159M	126M
Depreciation & Amortization - CF	26.7M	35.73M	42.77M	52.09M	73.68M
Amortization of Goodwill and Intangible Assets - (CF)	7.61M	7.64M	7.21M	18.11M	25.91M
Depreciation & Amortization, Total	34.31M	43.37M	49.98M	70.2M	99.6M
Amortization of Deferred Charges, Total - (CF)	2.63M	2.41M	3.02M	3.87M	6.33M
(Gain) Loss From Sale Of Asset	-197K	-66K	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	14.85M
(Income) Loss On Equity Investments - (CF)	-19.83M	-22.69M	-24.58M	-31.68M	-31.43M
Stock-Based Compensation (CF)	-	-	-	-	-
Other Operating Activities, Total	49.25M	49.24M	30.49M	40.15M	39.22M
Change In Accounts Receivable	9.45M	-17.1M	67.45M	-67.44M	-12.93M
Change In Inventories	-7.7M	11.36M	55K	2.23M	-131K
Change In Accounts Payable	-4.84M	-13.48M	-1.91M	18.56M	-20.73M
Change in Other Net Operating Assets	3.66M	-561K	-14.17M	-2.78M	4.31M
Cash from Operations	130M	193M	275M	192M	225M
Capital Expenditure	-9.07M	-114M	-24.02M	-141M	-96.1M
Sale of Property, Plant, and Equipment	144K	107K	275K	143K	1.72M
Cash Acquisitions	-	-	-	-626M	-
Sale (Purchase) of Intangible assets	-	-13K	-	-5.6M	-4.25M
Investment in Marketable and Equity Securities, Total	-138M	-9.43M	7.38M	1.74M	9M
Cash from Investing	-147M	-123M	-16.36M	-770M	-89.63M
Long-Term Debt Issued, Total	565M	600M	741M	2.05B	432M
Total Debt Issued	565M	600M	741M	2.05B	432M
Long-Term Debt Repaid, Total	-433M	-441M	-832M	-1.29B	-393M
Total Debt Repaid	-433M	-441M	-832M	-1.29B	-393M
Issuance of Common Stock	-	-	-	3.1M	-
Common Dividends Paid	-82.01M	-156M	-162M	-171M	-180M
Common & Preferred Stock Dividends Paid	-82.01M	-156M	-162M	-171M	-180M
Other Financing Activities, Total	-31.65M	-73.58M	-6.22M	-8.21M	1.75M
Cash from Financing	18.04M	-71.18M	-259M	582M	-140M
Net Change in Cash	1.02M	-1.3M	49K	3.68M	-4.22M
Supplemental Items
Cash Interest Paid	44.79M	40.58M	44.63M	78.15M	136M
Cash Income Tax Paid (Refund)	144K	98K	34K	43K	20K
Levered Free Cash Flow	74.08M	6.47M	193M	-34.52M	28.74M
Unlevered Free Cash Flow	101M	30.85M	222M	13.05M	112M
Change In Net Working Capital	2.84M	11.08M	-76.72M	48.13M	45.14M
Net Debt Issued / Repaid	132M	158M	-90.82M	758M	38.37M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.49	13.21	12.59	10.53	9.5
Return on Total Capital	12.57	14.1	13.81	11.52	10.09
Return On Equity %	-67.67	-122.78	-155.28	-148.17	-92.63
Return on Common Equity	-46.4	-110.49	-155.28	-148.17	-92.63
Margin Analysis
Gross Profit Margin %	30.17	42.68	36.82	29.87	36.47
SG&A Margin	4.05	4.44	3.55	2.55	2.66
EBITDA Margin %	27.42	39.61	34.31	28.03	34.51
EBITA Margin %	22.85	33.27	28.21	23	27.29
EBIT Margin %	21.54	31.91	27.18	21.25	24.75
Income From Continuing Operations Margin %	16.57	28.27	23.52	15.35	12.37
Net Income Margin %	10.9	24.94	23.52	15.35	12.37
Net Avail. For Common Margin %	10.9	24.94	23.52	15.35	12.37
Normalized Net Income Margin	4.79	14.37	14.71	10.25	8.64
Levered Free Cash Flow Margin	12.69	1.15	27.59	-3.33	2.82
Unlevered Free Cash Flow Margin	17.3	5.48	31.64	1.26	10.97
Asset Turnover
Asset Turnover	0.85	0.66	0.74	0.79	0.61
Fixed Assets Turnover	1.92	1.44	1.47	1.46	1.07
Receivables Turnover (Average Receivables)	33.57	32.37	37.89	30.17	16.61
Inventory Turnover (Average Inventory)	45.04	41.02	160.06	373.77	346.04
Short Term Liquidity
Current Ratio	0.96	1.04	0.24	0.61	0.84
Quick Ratio	0.53	0.91	0.2	0.58	0.81
Operating Cash Flow to Current Liabilities	3.72	6.82	2.84	1.81	2.49
Days Sales Outstanding (Average Receivables)	10.87	11.31	9.63	12.1	21.98
Days Outstanding Inventory (Average Inventory)	8.1	8.92	2.28	0.98	1.05
Average Days Payable Outstanding	19.1	16.36	32.71	34.2	25.23
Cash Conversion Cycle (Average Days)	-0.13	3.87	-20.8	-21.13	-2.2
Long Term Solvency
Total Debt/Equity	-553.77	-938.5	-884.54	-1.52K	-1.06K
Total Debt / Total Capital	122.04	111.93	112.75	107.03	110.39
LT Debt/Equity	-552.82	-930.47	-877.99	-1.5K	-1.04K
Long-Term Debt / Total Capital	121.83	110.97	111.91	105.39	108
Total Liabilities / Total Assets	120.3	111.32	111.12	106.59	109.86
EBIT / Interest Expense	2.66	4.19	3.79	2.68	1.76
EBITDA / Interest Expense	3.43	5.45	5.08	3.77	2.6
(EBITDA - Capex) / Interest Expense	3.24	2.79	4.6	2.05	1.93
Total Debt / EBITDA	5.16	4.35	3.6	5.44	4.62
Net Debt / EBITDA	5.12	4.33	3.59	5.41	4.61
Total Debt / (EBITDA - Capex)	5.46	8.49	3.98	9.98	6.22
Net Debt / (EBITDA - Capex)	5.43	8.46	3.96	9.93	6.21
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-11.19	-3.52	24.4	47.87	-1.54
Gross Profit, 1 Yr. Growth %	2.06	36.5	7.33	20.46	20.18
EBITDA, 1 Yr. Growth %	1.27	39.37	7.97	20.79	25.86
EBITA, 1 Yr. Growth %