CVR ENERGY, INC CVI Cash Flow

Cvr energy, inc (CVI)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash flows from operating activities:
Net (loss) income
362,000	366,000	258,000	9,000	297,800	309,400	522,000	412,600	378,600	14,290	69,354
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization
287,000	274,000	258,000	193,000	164,100	154,400	142,800	130,000	90,300	86,761	84,873
Allowance for doubtful accounts
-	-	-	-	-100	-500	-1,100	700	600	-414	644
Amortization of deferred financing costs and original issue discount
-	-	-	-	2,800	2,800	2,900	7,400	4,600	3,356	1,941
Amortization of debt fair value adjustment
-	-	-	-	0	0	-	-	-	-	-
Amortization of original issue discount
-	-	-	-	-	-	-	500	500	356	-
Amortization of original issue premium
-	-	-	-	-	-	-	2,800	100	-	-
Excess income tax deficiency of share-based compensation
-	-	-	-	-100	-100	-100	0	2,300	141	-
Deferred income tax expense
24,000	49,000	-220,000	-84,000	-10,400	19,200	-93,300	-17,300	62,700	-770	-7,282
(Gain) loss on asset disposals
4,000	-6,000	-3,000	-1,000	-1,800	-400	-100	-1,600	-3,400	-3,536	-41
Loss on extinguishment of debt
-	-	-	-	0	0	-26,100	-37,500	-2,100	-16,647	-2,101
Share-based compensation
17,000	16,000	19,000	9,000	12,800	12,300	18,400	39,100	27,200	37,244	7,935
Other items
-6,000	-3,000	-7,000	-6,000	-	-	-	-	-	-	-
Gain on sale of available-for-sale securities
-	-	-	-	20,100	0	6,100	0	0	-	-
Unrealized gain on securities
-	-	-	-	0	0	-	-	-	-	-
Gain on derivatives, net
-	-	-	-	-28,600	185,600	57,100	-285,600	78,100	634	-37,791
Current period settlements on derivative contracts
-	-	-	-	26,000	-122,200	-6,400	137,600	7,200	-	-
Income from equity method investments, net of distributions
-	-	-	-	0	-	-	-	-	-	-
Changes in assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-34,560
Accounts receivable
40,000	-56,000	27,000	48,000	-41,000	-105,700	30,200	28,100	-55,400	34,026	13,057
Inventories
10,000	9,000	40,000	9,000	-39,700	-197,300	-1,500	-108,000	175,500	-27,666	126,414
Prepaid expenses and other current assets
-16,000	29,000	-34,000	3,000	-40,400	-10,700	28,700	9,600	8,800	13,080	-12,104
Accounts payable
94,000	-21,000	85,000	-10,000	-14,300	-91,800	-38,700	-54,400	5,800	47,938	5,650
Due to/from parent
4,000	2,000	-16,000	22,000	32,800	-44,600	9,100	-9,200	0	-	-
Insurance receivable
-	-	-	-	-	-	-	-	12,300	7,070	-
Business interruption insurance proceeds
-	-	-	-	-	-	-	-	3,400	-	-
Insurance proceeds on Coffeyville Refinery incident
-	-	-	-	-	-	-	-	4,000	3,161	-
Insurance proceeds for flood
-	-	-	-	-	-	-	-	-	-	-11,756
Other long-term assets
-	-	-	-	-3,800	800	500	-300	1,600	-105	-862
Deferred revenue
-15,000	11,000	1,000	-20,000	-10,500	12,900	-300	-8,100	-9,700	8,396	4,541
Accrued income taxes
-	-	-	-	4,200	-300	-6,600	23,600	-35,800	28,841	19,996
Other current liabilities
9,000	-104,000	-113,000	203,000	-52,100	15,000	-26,700	-17,300	-27,300	3,588	3,027
Other long-term assets and liabilities
3,000	-8,000	1,000	2,000	-	-	-	-	-	-	-
Payable to swap counterparty
-	-	-	-	-	-	-	-	-	-	-65,016
Accrued environmental liabilities
-	-	-	-	-	-	-	100	-1,100	-276	-1,412
Other long-term liabilities
-	-	-	-	400	1,500	0	0	-200	-46	1,279
Net cash (used in) provided by operating activities
747,000	628,000	248,000	267,000	536,800	640,300	440,100	762,600	278,600	225,428	85,274
Cash flows from investing activities:
Capital expenditures
121,000	102,000	120,000	133,000	218,700	218,400	256,500	212,200	91,200	32,409	48,773
Turnaround expenditures
38,000	8,000	80,000	-	-	-	-	-	-	-	-
Capitalized turnaround expenditures
38,000	8,000	80,000	-	-	-	-	-	-	-	-
Proceeds from sale of assets
37,000	1,000	0	-	100	100	100	500	100	37	481
Acquisition of CVR Nitrogen, net of cash acquired
-	-	-	64,000	0	0	-	-	586,000	-	-
Investment in marketable securities
-	-	-	-	0	0	-	-	-	-	-
Investment in affiliates, net of return of investment
0	0	76,000	5,000	0	0	-	-	-	-	-
Other investing activities
-1,000	-1,000	0	-1,000	-	-	-	-	-	-	-
Insurance proceeds for UAN reactor rupture
-	-	-	-	-	-	-	1,000	2,700	1,114	-
Purchase of available-for-sale securities
-	-	-	-	0	78,300	18,600	0	0	-	-
Proceeds from sale of available-for-sale securities
-	-	-	-	68,000	0	24,700	0	0	-	-
Net cash used in investing activities
-121,000	-108,000	-276,000	-201,000	-150,600	-296,600	-250,300	-210,700	-674,400	-31,258	-48,292
Cash flows from financing activities:
Proceeds from issuance of senior secured notes
-	-	-	629,000	0	0	-	-	125,000	-	-
Proceeds, gross on issuance of CVR Refining's senior notes
-	-	-	-	-	-	-	500,000	0	-	-
Principal and premium payments on 2021 Notes
-	-	-	322,000	0	0	243,400	478,700	-	-	-
Payments of revolving debt
-	-	-	49,000	0	0	-	-	-	60,000	87,200
Principal payments on senior secured notes
-	-	-	-	-	-	-	-	-	507,003	4,825
Acquisition of CVR Refining common units
301,000	0	0	-	-	-	-	-	-	-	-
Principal payments on CRNF credit facility
-	-	-	125,000	0	0	-	-	-	-	-
Payment of capital lease obligations
-	-	-	-	1,300	1,200	1,200	1,000	5,000	193	100
Payments on senior secured notes
-	-	-	-	-	-	-	-	2,700	-	-
Payment of deferred financing costs
-	-	-	-	0	0	400	12,800	15,100	8,775	3,975
Deferred costs of CVR Refining's initial public offering
-	-	-	-	-	-	-	3,000	0	674	-
Revolving debt borrowings
-	-	-	-	-	-	-	-	-	60,000	87,200
Proceeds on issuance of 2023 Notes, net of original issue discount
-	-	-	-	-	-	-	-	206,000	485,693	-
Purchase of managing general partner interest & incentive distribution rights
-	-	-	-	-	-	-	-	26,000	-	-
Proceeds from CVR Partners initial public offering, net of offering costs
-	-	-	-	-	-	-	-	324,900	-	-
Dividends to CVR Energy’s stockholders
306,000	238,000	174,000	174,000	173,700	434,200	1,237,300	0	0	-	-
Other financing activities
-5,000	-3,000	-3,000	-12,000	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-642,000	-334,000	-226,000	-95,000	-374,800	-432,100	-243,700	-44,200	584,100	-31,026	-9,000
Net increase (decrease) in cash and cash equivalents
-16,000	186,000	-254,000	-29,000	11,400	-88,400	-53,900	507,700	188,300	163,144	27,982
Repurchase of common stock
-	-	-	-	-	-	-	-	3,600	215	-100
Excess income tax deficiency of share-based compensation
-	-	-	-	-100	-100	-100	0	2,300	141	-
Exercise of stock options
-	-	-	-	-	-	-	400	0	-	-
Redemption of common units
-	-	-	-	-	-	500	300	100	-	-
Supplemental disclosures:
Cash paid (refunded) for income taxes, net of refunds
-	-	-	-	57,900	123,500	274,500	228,400	182,600	-14,285	16,521
Cash paid for interest, net of capitalized interest of $0.5 and $0.3 in 2018 and 2017, respectively
-	-	-	-	45,400	37,200	54,900	73,900	45,200	45,352	40,537
Non-cash investing and financing activities:
Cash funding of margin account for other derivative activities, net of withdrawals
-	-	-	-	-	-	-	-	-	-	4,956
Construction in progress additions included in accounts payable
-	-	-	-	22,300	21,600	32,800	56,200	29,800	653	-5,040
Change in accounts payable related to construction in progress additions
-	-	-	-	700	-11,200	-23,400	26,400	19,100	-	-
Landlord incentives for leasehold improvements
-	-	-	-	0	-	-	-	-	-	-
Fair value of common units issued in a business combination
-	-	-	-	0	0	-	-	-	-	-
Fair value of debt assumed in a business combination
-	-	-	-	0	0	-	-	-	-	-
Reduction of proceeds from 2023 Notes from underwriting discount
-	-	-	-	0	0	-	-	-	-	-
Assets acquired through capital lease
-	-	-	-	-	-	-	-	-	415	-
Reduction of proceeds for underwriting discount and financing costs
-	-	-	-	-	-	-	7,500	4,000	10,287	-
Receipt of marketable securities
-	-	-	-	-	-	-	-	-	23	-
CVR Refining
Payments to Noncontrolling Interests
-	-	-	0	-	-	-	-	-	-	-
Distributions to noncontrolling interest holders
0	93,000	47,000	-	-	-	-	-	-	-	-
CVR Partners
Payments to Noncontrolling Interests
-	-	-	42,000	-	-	-	-	-	-	-
Distributions to noncontrolling interest holders
30,000	0	2,000	-	-	-	-	-	-	-	-