MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Market Information
−Removed: Our common stock is traded on the New York Stock Exchange under the symbol "DK."
−Removed: As of February 21, 2020 , there were approximately 25 common stockholders of record.
+Added: Market Information and Holders
+Added: Our common stock is traded on the New York Stock Exchange under the symbol "DK." As of February 19, 2021, there were approximately 25 common stockholders of record.
This number does not include beneficial owners of our common stock whose stock is held in nominee or "street name" accounts through brokers.
+Added: In the fourth quarter of 2020, we suspended our quarterly dividend on our common stock.
+Added: The Board of Directors will continue to monitor the Company's liquidity and will determine whether, and if so when, it is appropriate to resume paying dividends.
+Added: There can be no assurance the Company will resume paying dividends on our common stock.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: The following table sets forth information with respect to the purchase of shares of our common stock made during the three months ended December 31, 2019 by or on behalf of us or any “affiliated purchaser,” as defined by Rule 10b-18 of the Exchange Act:
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: The following table sets forth information with respect to the purchase of shares of our common stock made during the three months ended December 31, 2020 by or on behalf of us or any “affiliated purchaser,” as defined by Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"):
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans
2 unchanged sentences
December 1 - December 31, 2020 — — — 229,724,248
+Added: Total — $ — — N/A
(1) On November 6, 2018, the Board of Directors authorized the repurchase of $500.0 million of Delek common stock.
3 unchanged sentences
The repurchase program does not obligate us to acquire any particular amount of stock and does not expire.
−Removed: For comparative purposes, we have provided the three-year history of share repurchases in the following table:
−Removed: Repurchases on December 29, 2016 Authorization
−Removed: Repurchases on February 2018 Authorization
−Removed: Repurchases on November 2018 Authorization
−Removed: Share Repurchase Authorization
−Removed: Shares Repurchased
−Removed: Average Price Paid per Share
−Removed: Shares Repurchased
−Removed: Average Price Paid per Share
−Removed: Shares Repurchased
−Removed: Average Price Paid per Share
−Removed: Share Repurchases Authorized as of December 31, 2016
−Removed: 2017 Repurchases
−Removed: Share Repurchases Authorized as of December 31, 2017
−Removed: Repurchases Authorized February 2018
−Removed: Repurchases Authorized November 2018
−Removed: 2018 Repurchases
−Removed: Share Repurchases Authorized as of December 31, 2018
−Removed: 2019 Repurchases
−Removed: Share Repurchases Authorized as of December 31, 2019
Market for Equity, Stockholder Matters, and Purchase of Equity Securities
11 unchanged sentences
The stock performance shown on the graph below is not necessarily indicative of future price performance.
−Removed: Selected Financial Data
−Removed: SELECTED FINANCIAL DATA
−Removed: The following selected financial data should be read in conjunction with Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, and Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K.
−Removed: Year Ended December 31,
−Removed: Statement of Operations Data:
−Removed: Income from continuing operations before income tax expense
−Removed: Income tax expense (benefit)
−Removed: Income from continuing operations, net of tax
−Removed: Income (loss) from discontinued operations, net of tax
−Removed: Net income attributed to non-controlling interests
−Removed: Net income attributable to Delek
−Removed: Total basic income per share
−Removed: Total diluted income per share
−Removed: Dividends declared per common share outstanding
−Removed: Balance Sheet Data:
−Removed: (In millions)
−Removed: Cash and cash equivalents
−Removed: Total current assets
−Removed: Total current liabilities
−Removed: Total debt, including current maturities
−Removed: Total stockholders' equity
−Removed: (1) Statement of operations data for the year ended December 31, 2018 reflects a $5.5 million adjustment to increase income tax expense related to the establishment of a valuation allowance on deferred tax assets and to decrease net income and net income attributable to Delek, and reducing basic and diluted income per share by $0.07 and $0.06 , respectively, that were not reflected in the Earnings Release furnished as Exhibit 99.1 to the Form 8-K filed with the SEC on February 20, 2019 (the "Earnings Release").
−Removed: Such adjustment has no impact on adjusted net income or adjusted net income per share (as defined in the Earnings Release).
−Removed: See further discussion in Notes 15 and 23 of our consolidated financial statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K.
−Removed: (2) Statement of operations data for the year ended December 31, 2018 includes a $60.7 adjustment to increase net revenues and cost of materials and other to record a correction of an intercompany elimination that was not reflected in the February 20, 2019 Earnings Release.
−Removed: Such amounts are not considered material to the financial statements and had no impact to operating income, segment contribution margin or net income.
−Removed: (3) Statement of operations data for the year ended December 31, 2017 reflects six months of incremental results of operations resulting from the Delek/Alon Merger, which was effective July 1, 2017.
−Removed: Additionally, the balance sheet date as of December 31, 2017 reflects the assets and liabilities of Alon as a result of the Delek/Alon Merger.
−Removed: (4) In August 2016, Delek entered into the Purchase Agreement to sell the Retail Entities, which consist of all of the retail segment and a portion of the corporate, other and eliminations segment, to COPEC.
−Removed: The operating results for the Retail Entities were reclassified to discontinued operations for 2016 and 2015, and the related assets and liabilities were reclassified as held for sale for the years ended December 31, 2016 and 2015.
−Removed: (5) Balance sheet data for the year ended December 31, 2018 reflects a $20.0 million adjustment to decrease stockholders' equity ( $14.5 million of which was an adjustment to retained earnings resulting from our correction of a cumulative adoption of an accounting policy) related to the establishment of a valuation allowance on deferred tax assets that was not reflected in the February 20, 2019 Earnings Release.
−Removed: See further discussion in Note 15 of our consolidated financial statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K.
Management's Discussion and Analysis
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.