CVR ENERGY, INC CVI Income Statement

Cvr energy, inc (CVI)

Income statement / 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	Dec'10	Sep'10	Jun'10	Mar'10
Net sales
1,130	1,569	1,622	1,687	1,486	1,737	1,935	1,914	1,537	1,593	1,454	1,434	1,507	1,353	1,240	1,283	905	1,010	1,408	1,624	1,388	1,841	2,279	2,540	2,447	2,436	1,977	2,220	2,352	1,880	2,409	2,308	1,968	1,062	1,351	1,447	1,167	1,148	1,031	1,005	894
Operating costs and expenses:
Cost of materials and other
1,058	1,262	1,221	1,267	1,101	1,387	1,556	1,560	1,180	1,300	1,133	1,229	1,221	1,128	1,005	976	736	847	1,076	1,192	1,073	1,733	2,066	2,189	2,076	2,219	1,744	1,785	1,813	1,485	1,702	1,874	1,635	-	-	-	-	-	-	-	-
Direct operating expenses (exclusive of depreciation and amortization as reflected below)
119	136	139	132	126	130	119	140	130	176	160	124	138	132	129	138	141	212	145	115	111	134	136	120	123	110	128	108	108	202	109	94	115	124	74	66	68	64	52	62	60
Depreciation and amortization
62	68	69	76	65	68	63	68	64	51	51	52	48	49	48	48	37	38	36	40	40	40	37	38	37	37	36	35	34	32	33	32	32	24	22	22	22	22	21	21	21
Cost of sales
1,239	1,466	1,429	1,475	1,292	1,583	1,738	1,768	1,374	1,528	1,344	1,405	1,407	1,310	1,183	1,163	916	1,098	1,259	1,348	1,225	-	-	-	-	-	-	-	-	-	-	-	-	857	1,026	1,123	936	983	889	891	802
Flood insurance recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	27	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2	-	-	-	-
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)
24	31	29	27	30	30	27	31	24	31	27	25	29	27	27	26	27	20	26	27	25	23	31	28	26	28	27	28	28	35	30	72	45	28	17	18	33	43	16	10	21
Depreciation and amortization
2	3	2	2	2	2	3	3	3	3	3	2	2	2	1	2	2	2	1	1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on asset disposals
0	0	-3	9	-2	0	-1	-5	0	-	-1	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs and expenses
-	-	-	-	-	-	-	-	-	1,563	-	-	1,439	1,340	1,213	1,192	945	1,121	1,287	1,350	1,252	1,932	2,273	2,375	2,263	2,396	1,936	1,957	1,984	1,755	1,875	2,072	1,828	1,035	1,139	1,229	1,057	1,113	980	986	906
Operating (loss) income
-135	69	159	192	160	138	166	107	136	30	79	1	67	12	27	90	-39	-110	121	274	136	-90	6	164	183	39	40	262	367	124	533	235	140	26	212	217	109	34	50	19	-11
Other (expense) income:
Interest expense, net
-35	-	-	-	-26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment income from marketable securities
31	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-26	-26	-	-23	-26	-26	-27	27	-28	-27	27	27	26	18	12	11	11	11	12	11	9	9	10	10	11	12	15	18	18	19	19	14	13	14	13	13	13	12	9
Interest income
-	-	-	-	-	-	-	-	-	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-0	0	0	0	0	0	0	0
Gain (loss) on derivatives, net
-	-	-	-	-	-	-	-	-	-65	-17	0	12	-14	-1	-1	-1	23	11	-12	-51	14	25	35	109	-115	72	120	-20	-8	-168	38	-147	11	0	0	-18	-9	-1	7	1
Unrealized gain (loss) on derivatives, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92	-9	6	-3	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5	0	-	-	-	-	-	-	-	-	0	0	0	-26	-37	0	0	0	-0	0	-0	-1	-1	0	-14	-0
Other income, net
2	2	5	3	3	8	3	2	2	0	0	0	0	0	5	0	0	0	0	0	36	-3	2	-2	0	7	6	0	0	0	-0	0	0	0	0	0	0	0	0	0	0
Total other income (expense)
-	-	-	-	-	-	-	-	-	-91	-	-	-14	-41	-22	-25	-12	12	0	-24	-27	-0	18	24	99	-119	67	108	-61	-63	-187	20	-166	88	-23	-6	-36	-23	-14	-18	-8
(Loss) income before income tax expense
-137	47	138	169	137	108	143	83	111	-61	34	-26	53	-28	4	65	-52	-98	122	250	108	-90	25	189	283	-79	107	371	306	61	346	256	-25	115	188	210	72	11	36	0	-20
Income tax (benefit) expense
-36	19	34	41	35	13	33	15	18	-234	9	-7	14	-22	2	21	-21	-20	23	58	24	-21	4	45	69	-39	29	99	93	16	127	91	-9	37	68	76	27	8	12	-0	-7
Net (loss) income
-101	28	104	128	102	106	110	68	93	172	25	-19	38	-6	2	43	-30	-77	98	192	84	-69	21	144	213	-40	78	271	212	44	218	165	-16	78	120	134	45	2	23	1	-12
Less: Net (loss) income attributable to noncontrolling interest
-14	-16	-15	12	1	24	29	25	33	-27	3	-8	16	-13	-3	15	-14	-32	41	90	29	-25	13	60	87	-18	34	88	47	4	9	10	9	12	10	9	-	-	-	-	-
Net (loss) income attributable to CVR Energy stockholders
-87	44	119	116	101	82	81	43	60	200	22	-11	22	7	5	28	-16	-45	57	101	54	-44	7	83	126	-21	44	183	165	40	208	154	-25	65	109	124	45	-	-	-	-
Diluted earnings per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.51	0.09	0.96	1.46	-0.25	0.51	2.11	1.90	0.46	2.41	1.75	-0.29	0.75	1.25	1.42	0.52	0.03	0.27	0.01	-0.14
Basic and diluted (loss) earnings per share (in dollars per share)
-0.87	0.44	1.18	1.16	1.00	0.82	0.85	0.50	0.69	2.31	0.26	-0.12	0.26	0.08	0.06	0.33	-0.19	-	-	-	-	-0.51	0.09	0.96	1.46	-0.25	0.51	2.11	1.90	0.46	2.41	1.78	-0.29	0.76	1.26	1.44	0.53	0.03	0.27	0.01	-0.14
Dividends declared per share (in dollars per share)
0.80	0.80	0.75	0.75	0.75	0.75	0.75	0.75	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.75	2.75	0.75	0.75	0.75	0.75	7.25	5.50	-	-	-	-	-	-	-	-	-	-	-	-
Weighted-average common shares outstanding:
Basic and diluted (in shares)
100	100	100	100	100	100	95	86	86	86	86	86	86	86	86	86	86	86	86	86	86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86	86	86	86	86	86	86	86	86	86	86	86	86	86	86	86	86	86	86	86
Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86	86	86	86	86	86	86	86	86	86	88	86	87	87	87	87	87	87	86	86