Acquisitions Acquisitions from Delek Financials (Details) (USD $) | 3 Months Ended | | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 |
Current assets: | | | | | | | | |
Cash and cash equivalents | $0 | [1] | $4,126 | [2] | $1,861 | [1],[3] | $924 | [2] |
Accounts receivable | 30,317 | | | | 27,956 | [3] | | |
Inventory | 4,476 | | | | 10,316 | [3] | | |
Deferred tax assets | 28 | | | | 28 | [3] | | |
Other current assets | 364 | | | | 768 | [3] | | |
Total current assets | 37,971 | | | | 40,929 | [3] | | |
Property, plant and equipment: | | | | | | | | |
Property, plant and equipment | 311,215 | | | | 308,397 | [3] | | |
Less: accumulated depreciation | -57,547 | | | | -53,309 | [3] | | |
Property, plant and equipment, net | 253,668 | | | | 255,088 | [3] | | |
Goodwill | 11,654 | | | | 11,654 | [3] | | |
Intangible assets, net | 16,255 | | | | 16,520 | [3] | | |
Other non-current assets | 6,990 | | | | 7,374 | [3] | | |
Total assets | 332,556 | | | | 331,565 | [3] | | |
Current liabilities: | | | | | | | | |
Accounts payable | 14,218 | | | | 18,208 | [3] | | |
Accounts payable to related parties | | | | | 628 | | | |
Excise and other taxes payable | 5,542 | | | | 5,443 | [3] | | |
Accrued expenses and other current liabilities | 1,760 | | | | 1,588 | [3] | | |
Tank inspection liabilities | 2,907 | | | | 2,829 | [3] | | |
Pipeline release liabilities | 1,756 | | | | 1,899 | [3] | | |
Total current liabilities | 26,183 | | | | 30,595 | [3] | | |
Non-current liabilities: | | | | | | | | |
Revolving credit facility | 316,364 | | | | 251,750 | [3] | | |
Asset retirement obligations | 3,381 | | | | 3,319 | [3] | | |
Deferred tax liabilities | 457 | | | | 231 | [3] | | |
Other non-current liabilities | 6,790 | | | | 5,889 | [3] | | |
Total non-current liabilities | 326,992 | | | | 261,189 | [3] | | |
Equity: | | | | | | | | |
Total equity (deficit) | -20,619 | | | | 39,781 | [3] | | |
Total liabilities and equity | 332,556 | | | | 331,565 | [3] | | |
Condensed Combined Statement of Operations | | | | | | | | |
Net Sales | 143,512 | [4] | 203,527 | [5],[6] | | | | |
Operating costs and expenses: | | | | | | | | |
Cost of goods sold | 108,407 | [4] | 172,209 | [5],[6] | | | | |
Operating expenses | 10,777 | [4],[7] | 9,496 | [5],[6],[8] | | | | |
General and administrative expenses | 3,409 | [4] | 2,663 | [5],[6] | | | | |
Depreciation and amortization | 4,500 | [4] | 3,477 | [5],[6] | | | | |
Loss on asset disposals | 5 | [1],[4] | 0 | [2],[6] | | | | |
Total operating costs and expenses | 127,098 | [4] | 187,845 | [5],[6] | | | | |
Operating income (loss) | 16,414 | [4] | 15,682 | [5],[6] | | | | |
Interest expense, net | 2,157 | [4] | 1,983 | [5],[6] | | | | |
Net income (loss) before income tax expense | 14,257 | [4] | 13,699 | [5],[6] | | | | |
Income tax expense | 254 | [4] | 147 | [5],[6] | | | | |
Net income (loss) | 14,003 | [1],[4] | 13,552 | [2],[5],[6] | | | | |
Less: Loss attributable to Predecessors | -637 | [4] | -1,120 | [5],[6] | | | | |
Net income attributable to partners | 14,640 | [4] | 14,672 | [5],[6] | | | | |
Delek Logistics Partners, LP (previously reported) | | | | | | | | |
Current assets: | | | | | | | | |
Cash and cash equivalents | | | | | 1,861 | | | |
Accounts receivable | | | | | 27,956 | | | |
Inventory | | | | | 10,316 | | | |
Deferred tax assets | | | | | 28 | | | |
Other current assets | | | | | 768 | | | |
Total current assets | | | | | 40,929 | | | |
Property, plant and equipment: | | | | | | | | |
Property, plant and equipment | | | | | 288,354 | | | |
Less: accumulated depreciation | | | | | -52,992 | | | |
Property, plant and equipment, net | | | | | 235,362 | | | |
Goodwill | | | | | 11,654 | | | |
Intangible assets, net | | | | | 16,520 | | | |
Other non-current assets | | | | | 7,374 | | | |
Total assets | | | | | 311,839 | | | |
Current liabilities: | | | | | | | | |
Accounts payable | | | | | 18,208 | | | |
Accounts payable to related parties | | | | | 628 | | | |
Excise and other taxes payable | | | | | 5,443 | | | |
Accrued expenses and other current liabilities | | | | | 1,588 | | | |
Tank inspection liabilities | | | | | 2,829 | | | |
Pipeline release liabilities | | | | | 1,899 | | | |
Total current liabilities | | | | | 30,595 | | | |
Non-current liabilities: | | | | | | | | |
Revolving credit facility | | | | | 251,750 | | | |
Asset retirement obligations | | | | | 3,319 | | | |
Deferred tax liabilities | | | | | 231 | | | |
Other non-current liabilities | | | | | 5,889 | | | |
Total non-current liabilities | | | | | 261,189 | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 20,055 | | | |
Total liabilities and equity | | | | | 311,839 | | | |
Condensed Combined Statement of Operations | | | | | | | | |
Net Sales | 143,512 | | 203,527 | | | | | |
Operating costs and expenses: | | | | | | | | |
Cost of goods sold | 108,407 | | 172,209 | | | | | |
Operating expenses | 10,610 | | 8,536 | | | | | |
General and administrative expenses | 3,409 | | 2,617 | | | | | |
Depreciation and amortization | 4,030 | | 3,363 | | | | | |
Loss on asset disposals | 5 | | | | | | | |
Total operating costs and expenses | 126,461 | | 186,725 | | | | | |
Operating income (loss) | 17,051 | | 16,802 | | | | | |
Interest expense, net | 2,157 | | 1,983 | | | | | |
Net income (loss) before income tax expense | 14,894 | | 14,819 | | | | | |
Income tax expense | 254 | | 147 | | | | | |
Net income (loss) | 14,640 | | 14,672 | | | | | |
Less: Loss attributable to Predecessors | 0 | | 0 | | | | | |
Net income attributable to partners | | | 14,672 | | | | | |
Predecessor | El Dorado Assets [Member] | | | | | | | | |
Current assets: | | | | | | | | |
Cash and cash equivalents | | | | | 0 | | | |
Accounts receivable | | | | | 0 | | | |
Inventory | | | | | 0 | | | |
Deferred tax assets | | | | | 0 | | | |
Other current assets | | | | | 0 | | | |
Total current assets | | | | | 0 | | | |
Property, plant and equipment: | | | | | | | | |
Property, plant and equipment | | | | | 8,267 | | | |
Less: accumulated depreciation | | | | | -317 | | | |
Property, plant and equipment, net | | | | | 7,950 | | | |
Goodwill | | | | | 0 | | | |
Intangible assets, net | | | | | 0 | | | |
Other non-current assets | | | | | 0 | | | |
Total assets | | | | | 7,950 | | | |
Current liabilities: | | | | | | | | |
Accounts payable | | | | | 0 | | | |
Accounts payable to related parties | | | | | 0 | | | |
Excise and other taxes payable | | | | | 0 | | | |
Accrued expenses and other current liabilities | | | | | 0 | | | |
Tank inspection liabilities | | | | | 0 | | | |
Pipeline release liabilities | | | | | 0 | | | |
Total current liabilities | | | | | 0 | | | |
Non-current liabilities: | | | | | | | | |
Revolving credit facility | | | | | 0 | | | |
Asset retirement obligations | | | | | 0 | | | |
Deferred tax liabilities | | | | | 0 | | | |
Other non-current liabilities | | | | | 0 | | | |
Total non-current liabilities | | | | | 0 | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 7,950 | | | |
Total liabilities and equity | | | | | 7,950 | | | |
Condensed Combined Statement of Operations | | | | | | | | |
Net Sales | 0 | | 0 | | | | | |
Operating costs and expenses: | | | | | | | | |
Cost of goods sold | 0 | | 0 | | | | | |
Operating expenses | 167 | | 177 | | | | | |
General and administrative expenses | 0 | | 0 | | | | | |
Depreciation and amortization | 372 | | 0 | | | | | |
Loss on asset disposals | 0 | | | | | | | |
Total operating costs and expenses | 539 | | 177 | | | | | |
Operating income (loss) | -539 | | -177 | | | | | |
Interest expense, net | 0 | | 0 | | | | | |
Net income (loss) before income tax expense | -539 | | -177 | | | | | |
Income tax expense | 0 | | 0 | | | | | |
Net income (loss) | -539 | | -177 | | | | | |
Less: Loss attributable to Predecessors | -539 | | -177 | | | | | |
Net income attributable to partners | 0 | | 0 | | | | | |
Predecessor | El Dorado [Member] | | | | | | | | |
Condensed Combined Statement of Operations | | | | | | | | |
Net Sales | | | 0 | | | | | |
Operating costs and expenses: | | | | | | | | |
Cost of goods sold | | | 0 | | | | | |
Operating expenses | | | 783 | | | | | |
General and administrative expenses | | | 46 | | | | | |
Depreciation and amortization | | | 114 | | | | | |
Total operating costs and expenses | | | 943 | | | | | |
Operating income (loss) | | | -943 | | | | | |
Interest expense, net | | | 0 | | | | | |
Net income (loss) before income tax expense | | | -943 | | | | | |
Income tax expense | | | 0 | | | | | |
Net income (loss) | | | -943 | | | | | |
Less: Loss attributable to Predecessors | | | -943 | | | | | |
Net income attributable to partners | | | 0 | | | | | |
Predecessor | Tyler Assets [Member] | | | | | | | | |
Current assets: | | | | | | | | |
Cash and cash equivalents | | | | | 0 | | | |
Accounts receivable | | | | | 0 | | | |
Inventory | | | | | 0 | | | |
Deferred tax assets | | | | | 0 | | | |
Other current assets | | | | | 0 | | | |
Total current assets | | | | | 0 | | | |
Property, plant and equipment: | | | | | | | | |
Property, plant and equipment | | | | | 11,776 | | | |
Less: accumulated depreciation | | | | | 0 | | | |
Property, plant and equipment, net | | | | | 11,776 | | | |
Goodwill | | | | | 0 | | | |
Intangible assets, net | | | | | 0 | | | |
Other non-current assets | | | | | 0 | | | |
Total assets | | | | | 11,776 | | | |
Current liabilities: | | | | | | | | |
Accounts payable | | | | | 0 | | | |
Accounts payable to related parties | | | | | 0 | | | |
Excise and other taxes payable | | | | | 0 | | | |
Accrued expenses and other current liabilities | | | | | 0 | | | |
Tank inspection liabilities | | | | | 0 | | | |
Pipeline release liabilities | | | | | 0 | | | |
Total current liabilities | | | | | 0 | | | |
Non-current liabilities: | | | | | | | | |
Revolving credit facility | | | | | 0 | | | |
Asset retirement obligations | | | | | 0 | | | |
Deferred tax liabilities | | | | | 0 | | | |
Other non-current liabilities | | | | | 0 | | | |
Total non-current liabilities | | | | | 0 | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 11,776 | | | |
Total liabilities and equity | | | | | 11,776 | | | |
Condensed Combined Statement of Operations | | | | | | | | |
Net Sales | 0 | | | | | | | |
Operating costs and expenses: | | | | | | | | |
Cost of goods sold | 0 | | | | | | | |
Operating expenses | 0 | | | | | | | |
General and administrative expenses | 0 | | | | | | | |
Depreciation and amortization | 98 | | | | | | | |
Loss on asset disposals | 0 | | | | | | | |
Total operating costs and expenses | 98 | | | | | | | |
Operating income (loss) | -98 | | | | | | | |
Interest expense, net | 0 | | | | | | | |
Net income (loss) before income tax expense | -98 | | | | | | | |
Income tax expense | 0 | | | | | | | |
Net income (loss) | -98 | | | | | | | |
Less: Loss attributable to Predecessors | -98 | | | | | | | |
Net income attributable to partners | 0 | | | | | | | |
Predecessor division equity | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | 0 | | | | 19,726 | [3] | | |
Operating costs and expenses: | | | | | | | | |
Less: Loss attributable to Predecessors | -637 | | | | | | | |
Net income attributable to partners | 0 | | | | | | | |
Predecessor division equity | Delek Logistics Partners, LP (previously reported) | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 0 | | | |
Predecessor division equity | Predecessor | El Dorado Assets [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 7,950 | | | |
Predecessor division equity | Predecessor | Tyler Assets [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 11,776 | | | |
General Partner [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | -7,147 | | | | -7,085 | [3] | | |
Operating costs and expenses: | | | | | | | | |
Less: Loss attributable to Predecessors | 0 | | | | | | | |
Net income attributable to partners | 887 | | | | | | | |
General Partner [Member] | Delek Logistics Partners, LP (previously reported) | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | -7,085 | | | |
General Partner [Member] | Predecessor | El Dorado Assets [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 0 | | | |
General Partner [Member] | Predecessor | Tyler Assets [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 0 | | | |
Common unitholders - public | Limited Partner [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | 195,077 | | | | 194,737 | [3] | | |
Operating costs and expenses: | | | | | | | | |
Less: Loss attributable to Predecessors | 0 | | | | | | | |
Net income attributable to partners | 5,348 | | | | | | | |
Common unitholders - public | Limited Partner [Member] | Delek Logistics Partners, LP (previously reported) | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 194,737 | | | |
Common unitholders - public | Limited Partner [Member] | Predecessor | El Dorado Assets [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 0 | | | |
Common unitholders - public | Limited Partner [Member] | Predecessor | Tyler Assets [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 0 | | | |
Common unitholders - Delek | Limited Partner [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | -282,496 | | | | -241,112 | [3] | | |
Operating costs and expenses: | | | | | | | | |
Less: Loss attributable to Predecessors | 0 | | | | | | | |
Net income attributable to partners | 1,590 | | | | | | | |
Common unitholders - Delek | Limited Partner [Member] | Delek Logistics Partners, LP (previously reported) | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | -241,112 | | | |
Common unitholders - Delek | Limited Partner [Member] | Predecessor | El Dorado Assets [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 0 | | | |
Common unitholders - Delek | Limited Partner [Member] | Predecessor | Tyler Assets [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 0 | | | |
Subordinated unitholders - Delek | Limited Partner [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 73,515 | | | |
Subordinated unitholders - Delek | Limited Partner [Member] | Delek Logistics Partners, LP (previously reported) | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 73,515 | | | |
Subordinated unitholders - Delek | Limited Partner [Member] | Predecessor | El Dorado Assets [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | 0 | | | |
Subordinated unitholders - Delek | Limited Partner [Member] | Predecessor | Tyler Assets [Member] | | | | | | | | |
Equity: | | | | | | | | |
Total equity (deficit) | | | | | $0 | | | |
|
[1] | Includes the historical cash flows of the Logistics Assets Predecessor. See Notes 1 and 2 for further discussion. |
[2] | Adjusted to include the historical cash flows of the Logistics Assets Predecessor. See Notes 1 and 2 for further discussion. |
[3] | Adjusted to include the historical balances of the Logistics Assets Predecessor. See Notes 1 and 2 for further discussion. |
[4] | The information presented includes the results of operations of the Logistics Assets Predecessor. Prior to the El Dorado Offloading Racks Acquisition and the Tyler Crude Tank Acquisition, the Logistics Assets Predecessor did not record revenues for intercompany throughput and storage services. See Notes 1 and 2 for further discussion. |
[5] | There were no revenues or expenses associated with the Tyler Assets Predecessor included in our condensed consolidated financial statements for the three months ended MarchB 31, 2014 as the Tyler Assets were not fully constructed and were not placed into service until January 2015. |
[6] | Adjusted to include the historical results of the Logistics Assets Predecessor. See Notes 1 and 2 for further discussion. |
[7] | Includes operating expenses and capital spending expenditures incurred in connection with the El Dorado Offloading Racks Acquisition and the Tyler Crude Tank Acquisition for the three months ended MarchB 31, 2015. |
[8] | Adjusted to include operating expenses and capital spending expenditures incurred in connection with the assets acquired in the El Dorado Offloading Racks Acquisition and the Tyler Crude Tank Acquisition for the three months ended MarchB 31, 2014. |