CVR ENERGY, INC CVI Cash Flow

Cvr energy, inc (CVI)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net (loss) income
-101,000	28,000	104,000	128,000	102,000	95,000	110,000	68,000	93,000	214,000	25,000	-19,200	38,200	-6,000	2,100	43,800	-30,900	-77,900	98,900	192,100	84,700	-69,600	21,300	144,000	213,700	-40,600	78,200	271,700	212,700	44,800	218,500	165,345	-16,045	78,375	120,241	134,196	45,788
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization
64,000	70,000	72,000	78,000	67,000	70,000	67,000	70,000	67,000	99,000	54,000	53,900	51,100	52,200	50,100	50,700	40,000	40,900	38,700	42,500	42,000	40,700	37,800	38,600	37,300	37,400	36,200	35,000	34,200	32,600	33,100	32,188	32,112	24,221	22,025	22,043	22,011
Loss on lower of cost or net realizable value adjustment
58,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	700	-	-100	-100	300	-100	-100	100	0	-100	0	-200	-200	-1,700	0	300	300	100	500	10	90	410	26	41	123
Amortization of deferred financing costs and original issue discount
-	-	-	-	-	-	-	-	-	-	-	-	1,200	-	1,100	600	700	700	700	700	700	700	700	700	700	700	700	700	800	1,500	2,000	1,990	1,910	1,323	1,193	1,177	907
Amortization of original issue discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	100	167	133	118	127	134	121
Amortization of original issue premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,400	-900	-814	-886	-	-	-	-
Deferred income tax expense
-2,000	-2,000	5,000	6,000	15,000	10,000	36,000	5,000	-2,000	-235,000	8,000	-5,500	12,500	-61,500	-25,400	24,700	-21,800	17,600	-10,400	-3,500	-14,100	47,700	-3,400	-2,900	-22,200	-21,200	29,100	-122,600	21,400	-31,100	26,300	-7,191	-5,309	21,780	32,798	4,362	3,760
Unrealized gain on marketable securities
30,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on asset disposals
-	-	-	-	-	-	-	-	-	-	-	-	-500	-600	0	-400	0	-100	-300	-600	-800	-200	200	-300	-100	-100	0	100	-100	-500	-200	-334	-566	-1,166	-57	-1,538	-639
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-26,100	-	-	-	-	-22	0	-170	-1,908
Share-based compensation
-	-	-	-	-	-	-	-	-	9,000	3,000	3,700	3,300	3,300	2,700	1,200	1,800	3,700	3,200	1,900	4,000	1,500	1,900	4,800	4,100	4,700	3,400	4,300	6,000	10,600	6,600	17,864	4,036	3,564	2,416	2,119	19,101
Other items
-4,000	-13,000	11,000	4,000	-8,000	-1,000	-1,000	1,000	-2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	20,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on derivatives, net
-	-	-	-	-	-	-	-	-	-	-	-	12,200	-	-1,700	-1,900	-1,200	23,600	11,800	-12,600	-51,400	14,500	25,800	35,900	109,400	-115,900	72,500	120,500	-20,000	-8,200	-196,100	46,867	-128,167	84,901	-9,991	6,448	-3,258
Current period settlements on derivative contracts
-	-	-	-	-	-	-	-	-	-	-	-	-1,200	-	-6,700	-7,100	-21,400	-8,000	-800	28,500	6,300	-29,000	-38,200	-33,900	-21,100	-10,300	-33,900	-14,700	52,500	-	-	-	-	-	-	-	-
Income from equity method investments, net of distributions
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Current assets and liabilities
54,000	-	-91,000	55,000	-33,000	-	-58,000	-48,000	133,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-current assets and liabilities
-3,000	-	-3,000	1,000	-3,000	-	-11,000	-5,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-8,000	12,700	-10,100	31,200	14,200	-37,000	-47,700	43,700	0	-93,900	-18,400	-9,900	16,500	-700	-36,200	-5,800	72,900	-69,900	66,800	-32,321	63,521	-58,791	-14,756	-15,795	33,942
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	1,900	27,500	-3,400	15,400	-30,500	5,200	-64,800	38,100	-18,200	-187,500	-11,900	-14,500	16,600	-153,700	91,500	63,700	-3,000	3,900	10,000	-75,786	-46,114	113,743	-7,017	-79,130	147,904
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-30,100	9,200	-11,600	7,300	-1,900	-3,500	-2,700	-39,200	5,000	2,400	-6,800	15,300	-21,600	41,000	-5,400	-10,100	3,200	23,300	-23,200	-4,262	13,762	-8,790	3,743	-3,107	16,954
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-10,800	32,300	-20,400	-13,400	-8,500	-18,300	-5,600	13,400	-3,800	-147,700	27,300	2,400	26,200	-17,400	20,600	-9,800	-32,100	-11,600	-15,200	-77,397	49,797	-5,022	5,635	-67,970	73,157
Due to/from parent
-	-	-	-	-	-	-	-	-	-	-	-	-1,900	30,900	-11,900	3,000	0	110,800	-12,700	-29,800	-35,500	-60,300	-12,200	-54,700	82,600	-33,800	-85,200	61,700	66,400	-	-	-	-	-	-	-	-
Insurance receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,300	-	-	-	4	-25	3,356	369	8,600
Business interruption insurance proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	490	555	2,315
Other long-term assets
-	-	-	-	-	-	-	-	-	-	-	-	-300	-	-200	100	0	-	-	-	-	-1,100	1,000	500	400	100	200	100	100	500	-2,400	1,486	114	484	146	393	577
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	19,300	7,700	3,900	-29,300	-2,300	700	500	-4,400	-7,300	11,800	1,400	-9,600	9,300	-100	-700	-27,100	27,600	-9,400	5,900	-11,603	7,003	-11,580	17,577	-23,738	8,041
Accrued income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	-100	0	-3,100	500	4,200	2,600	-8,400	-2,900	3,000	8,000	-7,600	-12,800	14,000	-200	-17,100	-17,900	63,524	-4,924	-18,477	-47,462	14,981	15,158
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-6,500	95,700	96,600	8,800	1,900	-18,800	-7,500	-20,900	-4,900	-1,700	3,600	-9,000	22,100	-41,500	-33,100	28,400	19,500	-19,600	8,400	-27,284	21,184	-26,769	18,695	-15,125	-4,101
Accrued environmental liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-	0	-100	-100	200	0	-4	-96	-148	-197	-547	-208
Other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-300	-	-2,800	2,600	-100	300	-200	500	-200	0	1,500	100	-100	0	0	0	0	-	-	-	-112	3,306	-17,384	13,827	51
Net cash (used in) provided by operating activities
-58,000	94,000	269,000	156,000	228,000	102,000	288,000	212,000	26,000	-79,000	85,000	104,800	137,200	48,100	149,000	48,300	21,600	-75,500	235,900	198,200	178,200	109,500	125,300	124,200	281,300	118,800	-59,700	102,700	278,300	-21,200	347,900	249,561	186,339	-67,318	183,281	178,585	-15,948
Cash flows from investing activities:
Capital expenditures
35,000	36,000	30,000	26,000	29,000	34,000	25,000	23,000	20,000	40,000	22,000	33,800	24,200	27,400	22,800	35,300	47,500	76,800	55,200	41,200	45,500	47,000	56,500	53,000	61,900	72,900	69,000	50,900	63,700	67,200	39,800	45,675	59,525	44,569	25,652	13,642	7,337
Turnaround expenditures
22,000	-	-	-	13,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized turnaround expenditures
22,000	14,000	0	11,000	13,000	1,000	2,000	4,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	251	149	63	4	14	19
Investment in marketable securities
140,000	-	-	-	0	-	-	-	-	-	-	-	-	-	0	0	4,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in affiliates, net of return of investment
-	-	-	-	-	-	-	-	-	-	-	-	1,400	1,800	3,200	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-1,000	-1,000	36,000	-36,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance proceeds for UAN reactor rupture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-45	2,520	0	225
Proceeds from sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	25,900	42,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-196,000	-48,000	-30,000	-1,000	-42,000	-34,000	-24,000	-29,000	-21,000	-195,000	-22,000	-33,400	-25,600	-29,000	-16,900	-103,400	-51,700	-76,800	-55,100	-15,300	-3,400	-47,000	-56,600	-131,100	-61,900	-72,900	-44,300	-69,400	-63,700	-67,100	-38,800	-45,424	-59,376	-630,551	-23,128	-13,628	-7,093
Cash flows from financing activities:
Proceeds from issuance of senior secured notes
1,000,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on senior secured notes
500,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Call premium on extinguishment of debt
5,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of CVR Refining common units
0	0	0	0	301,000	0	0	0	0	-	-	-	0	-	12,700	20,100	9,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,001	-	-	-	-
Payment of capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	400	-	400	400	400	200	400	400	300	200	300	400	300	300	300	300	300	200	300	255	245	124	21	59	4,796
Payments on senior secured notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	243,400	-	-	-	-	-	-	-	-
Payment of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,600	6,400	200	0	0	0	0	-	-	-	-	-	-	-	-	10,800	0	858	1,142	4,405	197	5,797	4,701
Deferred costs of CVR Refining's initial public offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,615
Dividends to CVR Energy’s stockholders
80,000	81,000	75,000	75,000	75,000	76,000	75,000	44,000	43,000	44,000	43,000	43,600	43,400	43,800	43,400	43,400	43,400	43,500	43,400	43,400	43,400	65,200	238,800	65,100	65,100	65,100	65,100	629,500	477,600	-	-	-	-	-	-	-	-
Distributions to CVR Refining or CVR Partners’ noncontrolling interest holders
0	-	11,000	5,000	9,000	-	19,000	25,000	23,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-8,000	0	-1,000	-2,000	-2,000	0	-2,000	0	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
407,000	-86,000	-87,000	-82,000	-387,000	-102,000	-96,000	-69,000	-67,000	-93,000	-44,000	-45,200	-43,800	-45,600	-60,100	63,900	-53,200	-94,600	-106,500	-97,400	-76,300	-101,900	-274,300	43,500	-99,400	-90,900	-143,400	60,400	-69,800	-3,900	-13,500	-12,412	-14,388	187,762	-9,674	417,124	-11,112
Net increase (decrease) in cash and cash equivalents
153,000	-40,000	152,000	73,000	-201,000	-34,000	168,000	114,000	-62,000	-367,000	19,000	26,200	67,800	-26,500	72,000	8,800	-83,300	-246,900	74,300	85,500	98,500	-39,400	-205,600	36,600	120,000	-45,000	-247,400	93,700	144,800	-92,200	295,600	191,725	112,575	-510,107	150,479	582,081	-34,153
Supplemental disclosures:
Cash paid (refunded) for income taxes, net of refunds
-	-	-	-	-	-	-	-	-	-	-	-	-200	-	15,400	-200	0	-	-	-	-	100	22,700	99,800	900	23,400	98,500	146,400	6,200	118,500	103,000	6,415	485	30,483	104,271	39,646	8,200
Cash paid for interest, net of capitalized interest of $0.5 and $0.3 in 2018 and 2017, respectively
-	-	-	-	-	-	-	-	-	-	-	-	2,800	-	1,900	21,600	3,400	19,300	3,000	19,200	3,900	18,800	500	16,700	1,200	18,300	3,400	20,400	12,800	36,700	1,200	33,580	2,420	20,020	847	23,653	680
Non-cash investing and financing activities:
Cash funding of margin account for other derivative activities, net of withdrawals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,237
Construction in progress additions included in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	11,500	-	4,700	-9,000	18,900	-14,400	15,400	6,300	15,000	1,500	-3,400	-3,700	27,200	800	-6,100	11,300	26,800	24,500	43,900	-3,947	-8,253	10,289	14,526	7,289	-2,304
Change in accounts payable related to construction in progress additions
-	-	-	-	-	-	-	-	-	-	-	-	-4,800	-	20,100	-9,000	-3,400	-14,400	15,400	6,300	-6,600	1,500	-3,400	-3,700	-5,600	800	-6,100	11,300	-29,400	-	-	-	-	-	-	-	-
Landlord incentives for leasehold improvements
-	-	-	-	-	-	-	-	-	-	-	-	1,200	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable for sale of available-for-sale securities included in prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	25,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in available-for-sale securities reclassified to trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	37,400	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in available-for-sale securities included in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,300	-	-	-	0	-	-	-	-	-	-	-	-