CVR Energy Inc. (CVI) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments510566519707667672606
Cash and cash equivalents510566519707667672606
Receivables325240234226222133148
Inventory, net of allowances, customer advances and progress billings484422404378298266252
Inventory484422404378298266252
Other undisclosed current assets507643286215183253
Total current assets:1,3691,3041,2001,5971,4021,2541,259
Noncurrent Assets
Property, plant and equipment  2,3042,278 2,2672,294
Other noncurrent assets264277294313336355375
Other undisclosed noncurrent assets2,2732,291  2,240  
Total noncurrent assets:2,5372,5682,5982,5912,5762,6222,669
TOTAL ASSETS:3,9063,8723,7984,1883,9783,8763,928
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities409409432417282242236
Accounts payable409409432417282242236
Debt6   8  
Other liabilities741626680578369215133
Total current liabilities:1,1561,0351,112995659457369
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,6541,6701,6871,6831,6831,6831,683
Other undisclosed long-term debt and lease obligation1,6541,6701,6871,6831,6831,6831,683
Liabilities, other than long-term debt326402329346417434463
Deferred income tax liabilities268333265290368379408
Other liabilities58696456495555
Total noncurrent liabilities:1,9802,0722,0162,0292,1002,1172,146
Total liabilities:3,1363,1073,1283,0242,7592,5742,515
Stockholders' equity
Stockholders' equity attributable to parent5535674839811,0191,0841,180
Common stock1111111
Treasury stock, value(2)(2)(2)(2)(2)(2)(2)
Additional paid in capital1,5101,5101,5101,5101,5101,5081,508
Accumulated deficit(956)(942)(1,026)(528)(490)(423)(327)
Stockholders' equity attributable to noncontrolling interest217198187183200218233
Total stockholders' equity:7707656701,1641,2191,3021,413
TOTAL LIABILITIES AND EQUITY:3,9063,8723,7984,1883,9783,8763,928

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues2,1131,8831,7831,4631,1191,005675
Cost of revenue
(Cost of Goods and Services Sold)
(2,035)(1,675)(1,745)(1,568)(1,218)(1,029)(634)
Gross profit:7820838(105)(99)(24)41
Operating expenses(37)(33)(32)(30)(28)(22)(67)
Operating income (loss):411756(135)(127)(46)(26)
Nonoperating income (expense)21246958(62)20
Investment income, nonoperating(1)(1)216254(65)21
Other nonoperating income (expense)323743(1)
Interest and debt expense3(1)(2)(1)(2)(1)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (36)(30)(30)(30)(29)
Income (loss) from continuing operations before equity method investments, income taxes:46175(8)(97)(101)(139)(37)
Other undisclosed loss from continuing operations before income taxes(28)(22)     
Income (loss) from continuing operations before income taxes:18153(8)(97)(101)(139)(37)
Income tax expense (benefit)7(47)64222315
Net income (loss):25106(2)(55)(79)(108)(32)
Net income (loss) attributable to noncontrolling interest(39)(22)(4)16111227
Net income (loss) available to common stockholders, diluted:(14)84(6)(39)(68)(96)(5)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):25106(2)(55)(79)(108)(32)
Comprehensive income (loss):25106(2)(55)(79)(108)(32)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(39)(22)(4)16111227
Comprehensive income (loss), net of tax, attributable to parent:(14)84(6)(39)(68)(96)(5)

Statements sources

The financial statements are based on the company's filings with the 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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