Delek US Holdings, Inc. (DK) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K/A	10-K
Revenues:
Refining	19,763	10,268	6,855	8,096	8,771	6,365	3,605	3,821
Retail	957	797	682	838	915	427
Logistics	1,036	701	563	323	417	382	301	447
Corporate, other and eliminations	1	4	19	41	130	94
Other							292	514
Total revenues	20,246	10,648	7,302	9,298	10,233	7,267	4,198	4,782
Revenue growth [+]	90.1%	45.8%	-21.5%	-9.1%	40.8%	73.1%	-12.2%
Refining	92.5%	49.8%	-15.3%	-7.7%	37.8%	76.5%	-5.6%
Retail	20.0%	17.0%	-18.7%	-8.5%	114.5%
Logistics	47.9%	24.4%	74.4%	-22.5%	9.0%	26.9%	-32.6%
Corporate, other and eliminations	-73.7%	-79.5%	-55.2%	-68.1%	38.4%
Unit growth	0.4%	-2.0%	0.4%	-9.7%	-7.6%
Cost of goods sold [+]	39,608	21,513	15,843	8,408	9,260	6,835	4,166	4,507
Cost of product sales							3,813	4,237
Maintenance and operations costs								270
Depreciation and amortization	264	240	242	171	161	132	106
Gross profit	-19,362	-10,864	-8,541	890	973	432	32	275
Gross margin	-95.6%	-102.0%	-117.0%	9.6%	9.5%	5.9%	0.8%	5.7%
Selling, general and administrative	349	213	235	275	248	176	106	101
Equity in earnings	-58	-18	-30	34	10	13	-43	2
Other operating expenses	-20,224	-11,067	-8,139	100	48	54	7	0
EBITDA [+]	719	212	-426	721	849	346	-19	177
EBITDA growth	239.7%	-149.7%	-159.1%	-15.0%	145.1%	-1961.3%	-110.5%
EBITDA margin	3.6%	2.0%	-5.8%	7.8%	8.3%	4.8%	-0.4%	3.7%
Depreciation and amortization	287	265	268	194	199	153	116	106
EBIT [+]	432	-53	-693	527	649	193	-135	71
EBIT growth	-914.7%	-92.4%	-231.7%	-18.9%	236.5%	-242.9%	-290.9%
EBIT margin	2.1%	-0.5%	-9.5%	5.7%	6.3%	2.7%	-3.2%	1.5%
Non-recurring items [+]			69		28		-42
Asset impairment			126		28
Loss (gain) on sale of assets			-57
Unusual expense							-42
Interest expense, net [+]	195	137	126	120	120	90	53	51
Interest expense	195	137	126	131	126	94	54	52
Interest income				11	6	4	2	1
Other income (expense), net [+]	118	52	121	-4	-16	196	-246	2
Impairment of equity method investments							245
Gain (loss) on sale of business					13
Gain (loss) on debt retirement					-9
Other	3	16	4	-4	7	6	0	2
Pre-tax income	354	-137	-767	403	486	299	-391	21
Income taxes	64	-42	-194	72	102	-29	-172	-16
Tax rate	18.0%	30.6%	25.2%	17.8%	21.0%		43.8%
Minority interest	33	33	38	26	35	34	20	24
Earnings from continuing ops	257	-128	-611	305	732	623	-460	13
Earnings from discontinued ops				5	-9	-6	86	7
Net income	257	-128	-611	311	724	617	-373	19
Net margin	1.3%	-1.2%	-8.4%	3.3%	7.1%	8.5%	-8.9%	0.4%

Basic EPS [+]	$3.63	($1.73)	($8.31)	$4.03	$8.85	$8.71	($7.42)	$0.21
Growth	-309.4%	-79.1%	-306.3%	-54.5%	1.6%	-217.3%	-3627.5%
Diluted EPS [+]	$3.59	($1.73)	($8.31)	$3.99	$8.44	$8.62	($7.42)	$0.21
Growth	-307.3%	-79.1%	-308.3%	-52.8%	-2.1%	-216.1%	-3656.5%

Dividends per share [+]	$0.61		$0.93	$1.14	$0.96	$0.60	$0.60	$0.60
Growth		-100.0%	-18.4%	18.8%	60.0%	0.0%	0.0%

Shares outstanding (basic) [+]	71	74	74	76	83	72	62	61
Growth	-4.3%	0.5%	-3.0%	-8.4%	15.7%	15.6%	1.8%
Shares outstanding (diluted) [+]	72	74	74	77	87	72	62	61
Growth	-3.3%	0.5%	-3.9%	-11.7%	20.0%	16.8%	1.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.