CVR Energy Inc. (CVI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments652668482736765754842
Cash and cash equivalents652668482736765754842
Receivables182181194162114192242
Inventory, net of allowances, customer advances and progress billings390380385349290330527
Inventory390380385349290330527
Income taxes receivable11
Deferred tax assets    6 
Other undisclosed current assets67643468105175110
Total current assets:1,2911,2931,0941,3161,2751,4571,732
Noncurrent Assets
Property, plant and equipment 2,4452,5722,6721,9671,9161,864
Long-term investments and receivables  83    
Long-term investments  83    
Intangible assets, net (including goodwill)  4141414141
Goodwill  4141414141
Intangible assets, net (excluding goodwill)  00000
Deferred costs    6811
Other noncurrent assets2781691721174017
Other undisclosed noncurrent assets2,336      
Total noncurrent assets:2,6142,6142,7132,7352,0312,0061,934
TOTAL ASSETS:3,9053,9073,8074,0503,3063,4633,666
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities412320416324331345455
Accounts payable412320334251262275378
Employee-related liabilities  5646463846
Taxes payable  2727242732
Interest and dividends payable     5 
Debt  2    
Due to related parties   11  0
Deferred revenue and credits13133141
Other liabilities179173112217246944
Other undisclosed current liabilities53 2127(4)1
Total current liabilities:596496544566485424502
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1901,1671,1641,163547674675
Capital lease obligations  45 4950
Other undisclosed long-term debt and lease obligation1,1901,1671,1641,118547625625
Liabilities, other than long-term debt45114395612674690654
Deferred tax liabilities, net 386580640638602
Deferred income tax liabilities396
Accrued environmental loss contingencies     11
Other liabilities5514932345151
Other undisclosed noncurrent liabilities 362     
Total noncurrent liabilities:1,6411,5431,5591,7751,2211,3641,329
Total liabilities:2,2372,0392,1032,3411,7051,7871,830
Stockholders' equity
Stockholders' equity attributable to parent1,3931,2469198589849881,189
Common stock1111111
Treasury stock, value(2)(2)(2)(2)(2)(2)(2)
Additional paid in capital1,5071,4731,1981,1981,1751,1751,114
Accumulated other comprehensive loss     (0)(1)
Retained earnings (accumulated deficit)(113)(226)(277)(338)(189)(185)76
Stockholders' equity attributable to noncontrolling interest275622785852616687647
Total stockholders' equity:1,6681,8681,7041,7101,6011,6751,835
TOTAL LIABILITIES AND EQUITY:3,9053,9073,8074,0503,3063,4633,666

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,3647,1245,9884,7825,4339,1108,986
Revenue, net5,9884,7825,4339,1108,986
Cost of revenue(5,662)(6,408)(5,686)(4,574)(4,938)(8,736)(8,273)
Cost of goods and services sold(5,662)(725)  (585)(515) 
Gross profit:702716303209495374712
Operating expenses(122)(129)(5,811)(4,692)(73)(110)(2)
Other undisclosed operating income  5,6864,574   
Operating income:58058717891422264711
Nonoperating income (expense)1315(178)(102)(39)143(5)
Investment income, nonoperating  111164
Other nonoperating income (expense)13151637(4)14
Interest and debt expense(6) (110)(5)(48)(40)(77)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(96)(102) 5484077
Income (loss) from continuing operations before income taxes:491500(110)(11)382407706
Income tax expense (benefit)(129)(89)21720(85)(98)(184)
Income before gain (loss) on sale of properties:3624111079298309522
Other undisclosed net income  110    
Net income:3624112179298309522
Net income (loss) attributable to noncontrolling interest18(122)1816(128)(136)(151)
Net income available to common stockholders, diluted:38028923425170174371

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:3624112179298309522
Other comprehensive income   0111
Other undisclosed comprehensive loss   (0)   
Comprehensive income:3624112179299310523
Comprehensive income (loss), net of tax, attributable to noncontrolling interest18(122)1816(129)(136)152
Other undisclosed comprehensive loss, net of tax, attributable to parent      (303)
Comprehensive income, net of tax, attributable to parent:38028923425170174371

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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