| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
6,364 | 7,124 | 5,988 | 4,782 | 5,432 | 9,109 | 8,985 | 8,567 | 5,029 | 4,079 | 3,136 |
Operating costs and expenses: | ||||||||||
Cost of materials and other | ||||||||||
4,851 | 5,683 | 4,953 | 3,867 | 4,190 | 8,066 | 7,563 | 6,696 | 3,943 | - | - |
Direct operating expenses (exclusive of depreciation and amortization as reflected below) | ||||||||||
533 | 517 | 516 | 541 | 584 | 515 | 455 | 522 | 334 | 239 | 226 |
Depreciation and amortization | ||||||||||
278 | 263 | 247 | 184 | 156 | 148 | 142 | 130 | 90 | 86 | 84 |
Cost of sales | ||||||||||
5,662 | 6,463 | 5,716 | 4,592 | 4,931 | 8,729 | - | - | - | 3,568 | 2,547 |
Flood insurance recovery | ||||||||||
- | - | - | - | 27 | 0 | 0 | - | 3 | - | - |
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below) | ||||||||||
117 | 112 | 113 | 110 | 99 | 109 | 113 | 183 | 98 | 92 | 68 |
Depreciation and amortization | ||||||||||
9 | 11 | 11 | 9 | 7 | 6 | - | - | - | - | - |
Loss on asset disposals | ||||||||||
4 | -6 | -3 | -1 | - | - | - | - | - | - | - |
Total operating costs and expenses | ||||||||||
- | - | - | - | 5,010 | 8,845 | 8,275 | 7,532 | 4,462 | 3,986 | 2,928 |
Operating (loss) income | ||||||||||
580 | 532 | 145 | 70 | 421 | 264 | 710 | 1,034 | 566 | 93 | 208 |
Other (expense) income: | ||||||||||
Interest expense, net | ||||||||||
-102 | -102 | -109 | -83 | 48 | 40 | 50 | 75 | 55 | 50 | 44 |
Interest income | ||||||||||
- | - | - | - | 1 | 0 | 1 | 0 | 0 | 2 | 1 |
Gain (loss) on derivatives, net | ||||||||||
- | - | - | - | -28 | 185 | 57 | -285 | 78 | -2 | -65 |
Unrealized gain (loss) on derivatives, net | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | - |
Loss on extinguishment of debt | ||||||||||
- | - | - | - | 0 | 0 | -26 | -37 | -2 | -16 | -2 |
Other income, net | ||||||||||
13 | 15 | 2 | 2 | 36 | -3 | 13 | 0 | 0 | 1 | 0 |
Total other income (expense) | ||||||||||
- | - | - | - | -39 | 142 | -4 | -396 | 21 | -64 | -109 |
(Loss) income before income tax expense | ||||||||||
491 | 445 | 38 | -11 | 382 | 407 | 705 | 638 | 588 | 28 | 98 |
Income tax (benefit) expense | ||||||||||
129 | 79 | -220 | -20 | 84 | 97 | 183 | 225 | 209 | 13 | 29 |
Net (loss) income | ||||||||||
362 | 366 | 258 | 9 | 297 | 309 | 522 | 412 | 378 | 14 | 69 |
Less: Net (loss) income attributable to noncontrolling interest | ||||||||||
-18 | 107 | -5 | -16 | 128 | 135 | 151 | 34 | 32 | - | - |
Net (loss) income attributable to CVR Energy stockholders | ||||||||||
380 | 259 | 263 | 25 | 169 | 173 | 370 | 378 | 345 | 14 | 69 |
Diluted earnings per share (in dollars per share) | ||||||||||
- | - | - | - | - | 2.00 | 4.27 | 4.33 | 3.94 | 0.16 | 0.80 |
Basic and diluted (loss) earnings per share (in dollars per share) | ||||||||||
3.78 | 2.80 | 3.03 | 0.28 | 1.95 | 2.00 | 4.27 | 4.36 | 4.00 | 0.17 | 0.80 |
Dividends declared per share (in dollars per share) | ||||||||||
3.05 | 2.50 | 2.00 | 2.00 | 2.00 | 5.00 | 14.25 | 0.00 | - | - | - |
Weighted-average common shares outstanding: | ||||||||||
Basic and diluted (in shares) | ||||||||||
100 | 92 | 86 | 86 | 86 | 86 | - | - | - | - | - |
Basic (in shares) | ||||||||||
- | - | - | - | - | - | 86 | 86 | 86 | 86 | 86 |
Diluted (in shares) | ||||||||||
- | - | - | - | - | - | 86 | 87 | 87 | 86 | 86 |