DK » Topics » Inventory

This excerpt taken from the DK 10-Q filed May 11, 2009.
Inventory
 
Refinery inventory consists of crude oil, refined products and blendstocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (LIFO) valuation method. Cost of crude oil,


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Table of Contents

 
Delek US Holdings, Inc.
 
Notes to Condensed Consolidated Financial Statements (Unaudited) — (Continued)
 
refined product and blendstock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (FIFO) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.
 
These excerpts taken from the DK 10-K filed Mar 9, 2009.
Inventory
 
Refinery inventory consists of crude oil, refined products and blendstocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (“LIFO”) valuation method. Cost of crude oil, refined product and blendstock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (“FIFO”) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.
 
Inventory
 
Refinery inventory consists of crude oil, refined products and blendstocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (“LIFO”) valuation method. Cost of crude oil, refined product and blendstock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (“FIFO”) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.
 
Inventory


 



Refinery inventory consists of crude oil, refined products and
blendstocks which are stated at the lower of cost or market.
Cost is determined under the
last-in,
first-out (“LIFO”) valuation method. Cost of crude
oil, refined product and blendstock inventories in excess of
market value are charged to cost of goods sold. Such changes are
subject to reversal in subsequent periods, not to exceed LIFO
cost, if prices recover.


 



Marketing inventory consists of refined products which are
stated at the lower of cost or market on a
first-in,
first-out (“FIFO”) basis.


 



Retail merchandise inventory consists of gasoline, diesel fuel,
other petroleum products, cigarettes, beer, convenience
merchandise and food service merchandise. Fuel inventories are
stated at the lower of cost or market on a FIFO basis. Non-fuel
inventories are stated at estimated cost as determined by the
retail inventory method.


 




Inventory


 



Refinery inventory consists of crude oil, refined products and
blendstocks which are stated at the lower of cost or market.
Cost is determined under the
last-in,
first-out (“LIFO”) valuation method. Cost of crude
oil, refined product and blendstock inventories in excess of
market value are charged to cost of goods sold. Such changes are
subject to reversal in subsequent periods, not to exceed LIFO
cost, if prices recover.


 



Marketing inventory consists of refined products which are
stated at the lower of cost or market on a
first-in,
first-out (“FIFO”) basis.


 



Retail merchandise inventory consists of gasoline, diesel fuel,
other petroleum products, cigarettes, beer, convenience
merchandise and food service merchandise. Fuel inventories are
stated at the lower of cost or market on a FIFO basis. Non-fuel
inventories are stated at estimated cost as determined by the
retail inventory method.


 




This excerpt taken from the DK 10-Q filed Nov 7, 2008.
Inventory
 
Refinery inventory consists of crude oil, refined products and blendstocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (LIFO) valuation method. Cost of crude oil, refined product and blendstock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (FIFO) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.
 
This excerpt taken from the DK 10-Q filed Aug 11, 2008.
Inventory
 
Refinery inventory consists of crude oil, refined products and blendstocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (LIFO) valuation method. Cost of crude oil, refined product and blendstock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (FIFO) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.
 
This excerpt taken from the DK 10-Q filed May 9, 2008.
Inventory
 
Refinery inventory consists of crude oil, refined products and blendstocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (LIFO) valuation method. Cost of crude oil, refined product and blendstock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (FIFO) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.
 
These excerpts taken from the DK 10-K filed Mar 3, 2008.
Inventory
 
Refinery inventory consists of crude oil, refined products and blendstocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (“LIFO”) valuation method. Cost of crude oil, refined


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Table of Contents

 
Delek US Holdings, Inc.
 
Notes to Consolidated Financial Statements — (Continued)
 
product and blendstock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (“FIFO”) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.
 
Inventory


 



Refinery inventory consists of crude oil, refined products and
blendstocks which are stated at the lower of cost or market.
Cost is determined under the
last-in,
first-out (“LIFO”) valuation method. Cost of crude
oil, refined





F-8





Table of Contents





 




Delek US
Holdings, Inc.




 




Notes to
Consolidated Financial
Statements — (Continued)


 



product and blendstock inventories in excess of market value are
charged to cost of goods sold. Such changes are subject to
reversal in subsequent periods, not to exceed LIFO cost, if
prices recover.


 



Marketing inventory consists of refined products which are
stated at the lower of cost or market on a
first-in,
first-out (“FIFO”) basis.


 



Retail merchandise inventory consists of gasoline, diesel fuel,
other petroleum products, cigarettes, beer, convenience
merchandise and food service merchandise. Fuel inventories are
stated at the lower of cost or market on a FIFO basis. Non-fuel
inventories are stated at estimated cost as determined by the
retail inventory method.


 




This excerpt taken from the DK 10-Q filed Nov 9, 2007.
Inventory
 
Refinery inventory consists of crude oil, refined products and blend stocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (LIFO) valuation method. Cost of crude oil, refined product and blend stock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (FIFO) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.


6


Table of Contents

 
Delek US Holdings, Inc.
 
Notes to Consolidated Financial Statements — (Continued)
 
This excerpt taken from the DK 10-Q filed Aug 8, 2007.
Inventory
 
Refinery inventory consists of crude oil, refined products and blend stocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (LIFO) valuation method. Cost of crude oil, refined product and blend stock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (FIFO) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.
 
This excerpt taken from the DK 10-Q filed May 15, 2007.
Inventory
 
Refinery inventory consists of crude oil, refined products and blend stocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (LIFO) valuation method. Cost of crude oil, refined product and blend stock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (FIFO) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.
 
This excerpt taken from the DK 10-K filed Mar 20, 2007.
Inventory
 
Refinery inventory consists of crude oil, refined products and blend stocks which are stated at the lower of cost or market. Cost is determined under the last-in, first-out (LIFO) valuation method. Cost of crude oil, refined product and blend stock inventories in excess of market value are charged to cost of goods sold. Such changes are subject to reversal in subsequent periods, not to exceed LIFO cost, if prices recover.
 
Marketing inventory consists of refined products which are stated at the lower of cost or market on a first-in, first-out (FIFO) basis.
 
Retail merchandise inventory consists of gasoline, diesel fuel, other petroleum products, cigarettes, beer, convenience merchandise and food service merchandise. Fuel inventories are stated at the lower of cost or market on a FIFO basis. Non-fuel inventories are stated at estimated cost as determined by the retail inventory method.
 
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