CVR ENERGY, INC CVI Cash Flow

Cvr energy, inc (CVI)

CashFlow / TTM

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
159,000	362,000	429,000	435,000	375,000	366,000	485,000	400,000	312,800	258,000	38,000	15,100	78,100	9,000	-62,900	33,900	182,200	297,800	306,100	228,500	180,400	309,400	338,400	395,300	523,000	522,000	607,400	747,700	641,345	412,600	446,175	347,916	316,767	378,600	0	0	0
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization
284,000	287,000	287,000	282,000	274,000	274,000	303,000	290,000	273,900	258,000	211,200	207,300	204,100	193,000	181,700	170,300	162,100	164,100	163,900	163,000	159,100	154,400	151,100	149,500	145,900	142,800	138,000	134,900	132,088	130,000	121,621	110,546	100,401	90,300	0	0	0
Loss on lower of cost or net realizable value adjustment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	600	-	0	0	200	-100	-100	0	-300	-500	-2,100	-2,100	-1,600	-1,100	700	1,200	910	700	1,010	536	567	600	0	0	0
Amortization of deferred financing costs and original issue discount
-	-	-	-	-	-	-	-	-	-	-	-	4,100	-	3,100	2,700	2,800	2,800	2,800	2,800	2,800	2,800	2,800	2,800	2,800	2,900	3,700	5,000	6,290	7,400	7,223	6,416	5,603	4,600	0	0	0
Amortization of original issue discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	518	545	512	500	0	0	0
Amortization of original issue premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,800	0	0	0	-	-	-	-
Deferred income tax expense
7,000	24,000	36,000	67,000	66,000	49,000	-196,000	-224,000	-234,500	-220,000	-46,500	-79,900	-49,700	-84,000	-4,900	10,100	-18,100	-10,400	19,700	26,700	27,300	19,200	-49,700	-17,200	-136,900	-93,300	-103,200	-106,000	9,409	-17,300	35,580	42,078	53,631	62,700	0	0	0
Unrealized gain on marketable securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on asset disposals
-	-	-	-	-	-	-	-	-	-	-	-	-1,500	-1,000	-500	-800	-1,000	-1,800	-1,900	-1,400	-1,100	-400	-300	-500	-100	-100	-500	-700	-1,134	-1,600	-2,266	-2,123	-3,327	-3,400	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26,100	0	0	0	-	-	-	-	-2,100	0	0	0
Share-based compensation
-	-	-	-	-	-	-	-	-	19,000	13,300	13,000	10,500	9,000	9,400	9,900	10,600	12,800	10,600	9,300	12,200	12,300	15,500	17,000	16,500	18,400	24,300	27,500	41,064	39,100	32,064	27,880	12,135	27,200	0	0	0
Other items
-2,000	-6,000	6,000	-6,000	-9,000	-3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,100	20,100	20,100	20,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	300	300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on derivatives, net
-	-	-	-	-	-	-	-	-	-	-	-	-6,000	-	18,800	32,300	21,600	-28,600	-37,700	-23,700	24,800	185,600	55,200	101,900	186,500	57,100	164,800	-103,800	-177,433	-285,600	-192,499	-6,390	-46,809	78,100	0	0	0
Current period settlements on derivative contracts
-	-	-	-	-	-	-	-	-	-	-	-	-16,200	-	-43,200	-37,300	-1,700	26,000	5,000	-32,400	-94,800	-122,200	-103,500	-99,200	-80,000	-6,400	0	0	0	-	-	-	-	-	-	-	-
Income from equity method investments, net of distributions
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Current assets and liabilities
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-current assets and liabilities
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	25,800	48,000	-1,700	-39,300	-26,800	-41,000	-97,900	-68,600	-122,200	-105,700	-12,500	-30,300	-26,200	30,200	-39,000	64,000	37,479	28,100	39,209	-42,347	-25,821	-55,400	0	0	0
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	41,400	9,000	-13,300	-74,700	-52,000	-39,700	-232,400	-179,500	-232,100	-197,300	-163,500	-60,100	18,100	-1,500	156,100	74,600	-64,886	-108,000	1,843	-15,174	-18,518	175,500	0	0	0
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-25,200	3,000	-9,700	-800	-47,300	-40,400	-34,500	-38,600	15,900	-10,700	27,900	29,300	3,900	28,700	11,000	-6,800	-962	9,600	-22,490	4,453	5,608	8,800	0	0	0
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-12,300	-10,000	-60,600	-45,800	-19,000	-14,300	-143,700	-110,800	-121,800	-91,800	38,500	31,800	19,600	-38,700	-32,900	-68,700	-136,297	-54,400	-47,822	-26,987	-17,560	5,800	0	0	0
Due to/from parent
-	-	-	-	-	-	-	-	-	-	-	-	20,100	22,000	101,900	101,100	68,300	32,800	-138,300	-137,800	-162,700	-44,600	-18,100	-91,100	25,300	9,100	0	0	0	-	-	-	-	-	-	-	-
Insurance receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	3,704	12,300	0	0	0
Business interruption insurance proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400	0	0	0
Other long-term assets
-	-	-	-	-	-	-	-	-	-	-	-	300	-	0	0	0	-	-	-	-	800	2,000	1,200	800	500	900	-1,700	-314	-300	-316	2,230	1,137	1,600	0	0	0
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	1,600	-20,000	-27,000	-30,400	-5,500	-10,500	600	1,500	-3,700	12,900	1,000	-1,100	-18,600	-300	-9,600	-3,000	12,497	-8,100	-10,280	1,397	-10,738	-9,700	0	0	0
Accrued income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,700	-2,700	1,600	4,200	-1,100	-4,500	-5,700	-300	500	-9,400	1,600	-6,600	-16,100	-21,200	28,324	23,600	22,223	-7,339	-55,882	-35,800	0	0	0
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	194,600	203,000	88,500	-15,600	-45,300	-52,100	-35,000	-23,900	-12,000	15,000	-24,800	-61,500	-24,100	-26,700	-4,800	36,700	-18,984	-17,300	-24,469	-14,174	-2,015	-27,300	0	0	0
Accrued environmental liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	96	100	-248	-445	-988	-1,100	0	0	0
Other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-1,100	-	0	2,600	500	400	100	1,800	1,400	1,500	1,500	0	-100	0	0	0	0	-	-	-	-363	-200	0	0	0
Net cash (used in) provided by operating activities
461,000	747,000	755,000	774,000	830,000	628,000	447,000	244,000	136,800	248,000	375,100	439,100	382,600	267,000	143,400	230,300	380,200	536,800	721,800	611,200	537,200	640,300	649,600	464,600	443,100	440,100	300,100	707,700	854,561	762,600	716,482	551,863	480,887	278,600	0	0	0
Cash flows from investing activities:
Capital expenditures
127,000	121,000	119,000	114,000	111,000	102,000	108,000	105,000	115,800	120,000	107,400	108,200	109,700	133,000	182,400	214,800	220,700	218,700	188,900	190,200	202,000	218,400	244,300	256,800	254,700	256,500	250,800	221,600	216,375	212,200	189,569	175,421	143,388	91,200	0	0	0
Turnaround expenditures
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized turnaround expenditures
47,000	38,000	25,000	27,000	20,000	8,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	463	467	230	100	0	0	0
Investment in marketable securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	4,200	4,200	4,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in affiliates, net of return of investment
-	-	-	-	-	-	-	-	-	-	-	-	6,400	5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-2,000	-1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance proceeds for UAN reactor rupture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,700	0	0	0
Proceeds from sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68,000	68,000	68,000	42,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-275,000	-121,000	-107,000	-101,000	-129,000	-108,000	-269,000	-267,000	-271,400	-276,000	-110,000	-104,900	-174,900	-201,000	-248,800	-287,000	-198,900	-150,600	-120,800	-122,300	-238,100	-296,600	-322,500	-310,200	-248,500	-250,300	-244,500	-239,000	-215,024	-210,700	-774,151	-758,479	-726,683	-674,400	0	0	0
Cash flows from financing activities:
Proceeds from issuance of senior secured notes
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on senior secured notes
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Call premium on extinguishment of debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of CVR Refining common units
0	301,000	301,000	301,000	301,000	0	0	0	0	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Payment of capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	1,700	-	1,400	1,400	1,400	1,300	1,300	1,200	1,200	1,200	1,300	1,300	1,200	1,200	1,100	1,100	1,055	1,000	924	645	449	5,000	0	0	0
Payments on senior secured notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Payment of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,200	6,600	200	0	0	0	0	-	-	-	-	-	-	-	-	12,800	6,405	6,602	11,541	15,100	0	0	0
Deferred costs of CVR Refining's initial public offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Dividends to CVR Energy’s stockholders
311,000	306,000	301,000	301,000	270,000	238,000	206,000	174,000	173,600	174,000	173,800	174,200	174,000	174,000	173,700	173,700	173,700	173,700	195,400	390,800	412,500	434,200	434,100	260,400	824,800	1,237,300	0	0	0	-	-	-	-	-	-	-	-
Distributions to CVR Refining or CVR Partners’ noncontrolling interest holders
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-11,000	-5,000	-5,000	-6,000	-4,000	-3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
152,000	-642,000	-658,000	-667,000	-654,000	-334,000	-325,000	-273,000	-249,200	-226,000	-178,600	-194,700	-85,600	-95,000	-144,000	-190,400	-351,700	-374,800	-382,100	-549,900	-409,000	-432,100	-421,100	-290,200	-273,300	-243,700	-156,700	-26,800	-99,612	-44,200	147,462	151,288	580,824	584,100	0	0	0
Net increase (decrease) in cash and cash equivalents
338,000	-16,000	-10,000	6,000	47,000	186,000	-147,000	-296,000	-383,800	-254,000	86,500	139,500	122,100	-29,000	-249,400	-247,100	-170,400	11,400	218,900	-61,000	-109,900	-88,400	-94,000	-135,800	-78,700	-53,900	-101,100	441,900	539,925	507,700	89,793	-55,328	335,028	188,300	0	0	0
Supplemental disclosures:
Cash paid (refunded) for income taxes, net of refunds
-	-	-	-	-	-	-	-	-	-	-	-	45,300	-	0	0	0	-	-	-	-	123,500	146,800	222,600	269,200	274,500	369,600	374,100	234,115	228,400	140,383	141,654	174,885	182,600	0	0	0
Cash paid for interest, net of capitalized interest of $0.5 and $0.3 in 2018 and 2017, respectively
-	-	-	-	-	-	-	-	-	-	-	-	76,200	-	46,200	47,300	44,900	45,400	44,900	42,400	39,900	37,200	36,700	39,600	43,300	54,900	73,300	71,100	84,280	73,900	57,220	56,867	46,940	45,200	0	0	0
Non-cash investing and financing activities:
Cash funding of margin account for other derivative activities, net of withdrawals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Construction in progress additions included in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	8,400	-	200	10,900	26,200	22,300	38,200	19,400	9,400	21,600	20,900	18,200	33,200	32,800	56,500	106,500	91,253	56,200	41,989	12,615	23,851	29,800	0	0	0
Change in accounts payable related to construction in progress additions
-	-	-	-	-	-	-	-	-	-	-	-	4,600	-	-6,700	-11,400	3,900	700	16,600	-2,200	-12,200	-11,200	-11,900	-14,600	400	-23,400	0	0	0	-	-	-	-	-	-	-	-
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	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in available-for-sale securities reclassified to trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in available-for-sale securities included in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-