CVR Energy Inc. (CVI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2277 PLAZA DRIVE
SUGAR LAND, TX 77479
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2911 - Petroleum Refining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments510510667652668482
Cash and cash equivalents510510667652668482
Receivables380325222182181194
Inventory, net of allowances, customer advances and progress billings624484298390380385
Inventory624484298390380385
Other undisclosed current assets7950215676434
Total current assets:1,5931,3691,4021,2911,2931,094
Noncurrent Assets
Property, plant and equipment     2,4452,572
Long-term investments and receivables     83
Long-term investments     83
Intangible assets, net (including goodwill)      41
Goodwill      41
Intangible assets, net (excluding goodwill)      0
Other noncurrent assets27926433627816917
Other undisclosed noncurrent assets2,2472,2732,2402,336  
Total noncurrent assets:2,5262,5372,5762,6142,6142,713
TOTAL ASSETS:4,1193,9063,9783,9053,9073,807
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities497409282412320416
Taxes payable    27
Employee-related liabilities    56
Accounts payable497409282412320334
Debt  68  2
Deferred revenue and credits13
Other liabilities942741369179173112
Other undisclosed current liabilities    53 
Total current liabilities:1,4391,156659596496544
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5851,6541,6831,1901,1671,164
Other undisclosed long-term debt and lease obligation1,5851,6541,6831,1901,1671,164
Liabilities, other than long-term debt30432641745114395
Deferred tax liabilities, net 386
Deferred income tax liabilities249268368396
Other liabilities55584955149
Other undisclosed noncurrent liabilities     362 
Total noncurrent liabilities:1,8891,9802,1001,6411,5431,559
Total liabilities:3,3283,1362,7592,2372,0392,103
Equity
Equity, attributable to parent5315531,0191,3931,246919
Common stock111111
Treasury stock, value(2)(2)(2)(2)(2)(2)
Additional paid in capital1,5081,5101,5101,5071,4731,198
Accumulated deficit(976)(956)(490)(113)(226)(277)
Equity, attributable to noncontrolling interest260217200275622785
Total equity:7917701,2191,6681,8681,704
TOTAL LIABILITIES AND EQUITY:4,1193,9063,9783,9053,9073,807

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,8967,2423,9306,3647,1245,988
Revenue, net5,988
Cost of revenue(9,766)(7,024)(4,119)(5,662)(6,408)(5,686)
Cost of goods and services sold(9,766)(7,024)(4,119)(5,662)(725) 
Gross profit:1,130218(189)702716303
Operating expenses(167)(131)(144)(122)(129)(5,811)
Other undisclosed operating income      5,686
Operating income (loss):96387(333)580587178
Nonoperating income (expense)(77)96481315(178)
Investment income, nonoperating  8141  1
Other nonoperating income (expense)(77)15713151
Interest and debt expense(1)(5)(6)(6) (110)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (124)(96)(102) 
Income (loss) from continuing operations before equity method investments, income taxes:885178(415)491500(110)
Other undisclosed loss from continuing operations before income taxes(84)(112)    
Income (loss) from continuing operations before income taxes:80166(415)491500(110)
Income tax expense (benefit)(157)895(129)(89)217
Income (loss) from continuing operations:64474(320)362411107
Income (loss) before gain (loss) on sale of properties:74(320)362411107
Other undisclosed net income      110
Net income (loss):64474(320)362411217
Net income (loss) attributable to noncontrolling interest(181)(49)6418(122)18
Net income (loss) available to common stockholders, diluted:46325(256)380289234

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):64474(320)362411217
Comprehensive income (loss):64474(320)362411217
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(181)(49)6418(122)18
Comprehensive income (loss), net of tax, attributable to parent:46325(256)380289234

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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