CVR Energy Inc. (CVI) Financial Statements (2026 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)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 987 | 581 | 510 | 510 | 667 | 652 | |||
| Cash and cash equivalent | 987 | 581 | 510 | 510 | 667 | 652 | |||
| Receivables | 295 | 286 | 380 | 325 | 222 | 182 | |||
| Inventory, net of allowances, customer advances and progress billings | 502 | 604 | 624 | 484 | 298 | 390 | |||
| Inventory | 502 | 604 | 624 | 484 | 298 | 390 | |||
| Prepaid expense | 16 | ||||||||
| Other current assets | 24 | ||||||||
| Other undisclosed current assets | 708 | 79 | 50 | 215 | 67 | ||||
| Total current assets: | 1,824 | 2,179 | 1,593 | 1,369 | 1,402 | 1,291 | |||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables | 24 | 100 | |||||||
| Long-term investments | 24 | 100 | |||||||
| Other noncurrent assets | 263 | 307 | 279 | 264 | 336 | 278 | |||
| Other undisclosed noncurrent assets | 2,152 | 2,121 | 2,247 | 2,273 | 2,240 | 2,336 | |||
| Total noncurrent assets: | 2,439 | 2,528 | 2,526 | 2,537 | 2,576 | 2,614 | |||
| TOTAL ASSETS: | 4,263 | 4,707 | 4,119 | 3,906 | 3,978 | 3,905 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 538 | 530 | 497 | 409 | 282 | 412 | |||
| Accounts payable | 538 | 530 | 497 | 409 | 282 | 412 | |||
| Debt | 12 | 606 | 6 | 8 | |||||
| Other liabilities | 548 | 546 | 942 | 741 | 369 | 179 | |||
| Other undisclosed current liabilities | 5 | ||||||||
| Total current liabilities: | 1,098 | 1,682 | 1,439 | 1,156 | 659 | 596 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,907 | 1,579 | 1,585 | 1,654 | 1,683 | 1,190 | |||
| Other undisclosed long-term debt and lease obligation | 1,907 | 1,579 | 1,585 | 1,654 | 1,683 | 1,190 | |||
| Liabilities, other than long-term debt | 370 | 408 | 304 | 326 | 417 | 451 | |||
| Deferred income tax liabilities | 277 | 327 | 249 | 268 | 368 | 396 | |||
| Other liabilities | 93 | 81 | 55 | 58 | 49 | 55 | |||
| Total noncurrent liabilities: | 2,277 | 1,987 | 1,889 | 1,980 | 2,100 | 1,641 | |||
| Total liabilities: | 3,375 | 3,669 | 3,328 | 3,136 | 2,759 | 2,237 | |||
| Equity | |||||||||
| Equity, attributable to parent | 703 | 847 | 531 | 553 | 1,019 | 1,393 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (2) | (2) | (2) | (2) | (2) | (2) | |||
| Additional paid in capital | 1,508 | 1,508 | 1,508 | 1,510 | 1,510 | 1,507 | |||
| Accumulated deficit | (804) | (660) | (976) | (956) | (490) | (113) | |||
| Equity, attributable to noncontrolling interest | 185 | 191 | 260 | 217 | 200 | 275 | |||
| Total equity: | 888 | 1,038 | 791 | 770 | 1,219 | 1,668 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,263 | 4,707 | 4,119 | 3,906 | 3,978 | 3,905 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 7,610 | 9,247 | 10,896 | 7,242 | 3,930 | 6,364 | ||
| Cost of revenue (Cost of Product and Service Sold) | (7,405) | (7,974) | (9,766) | (7,024) | (4,119) | (5,662) | ||
| Gross profit: | 205 | 1,273 | 1,130 | 218 | (189) | 702 | ||
| Operating expenses | (147) | (150) | (167) | (131) | (144) | (122) | ||
| Other operating expense, net | ||||||||
| Operating income (loss): | 58 | 1,123 | 963 | 87 | (333) | 580 | ||
| Nonoperating income (expense) | 38 | 14 | (77) | 96 | 48 | 13 | ||
| Investment income, nonoperating | 81 | 41 | ||||||
| Other nonoperating income (expense) | 38 | 14 | (77) | 15 | 7 | 13 | ||
| Interest and debt expense | (115) | (4) | (1) | (5) | (6) | (6) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (124) | (96) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (19) | 1,133 | 885 | 178 | (415) | 491 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 38 | (48) | (84) | (112) | ||||
| Income (loss) from continuing operations before income taxes: | 19 | 1,085 | 801 | 66 | (415) | 491 | ||
| Income tax expense (benefit) | 26 | (207) | (157) | 8 | 95 | (129) | ||
| Income (loss) from continuing operations: | 45 | 878 | 644 | 74 | (320) | 362 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 74 | (320) | 362 | |
| Net income (loss): | 45 | 878 | 644 | 74 | (320) | 362 | ||
| Net income (loss) attributable to noncontrolling interest | (38) | (109) | (181) | (49) | 64 | 18 | ||
| Net income (loss) available to common stockholders, diluted: | 7 | 769 | 463 | 25 | (256) | 380 | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 45 | 878 | 644 | 74 | (320) | 362 | ||
| Comprehensive income (loss): | 45 | 878 | 644 | 74 | (320) | 362 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (38) | (109) | (181) | (49) | 64 | 18 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 7 | 769 | 463 | 25 | (256) | 380 | ||
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.