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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments510667652668482736765
Cash and cash equivalents510667652668482736765
Receivables325222182181194162114
Inventory, net of allowances, customer advances and progress billings484298390380385349290
Inventory484298390380385349290
Other undisclosed current assets5021567643468105
Total current assets:1,3691,4021,2911,2931,0941,3161,275
Noncurrent Assets
Property, plant and equipment   2,4452,5722,6721,967
Long-term investments and receivables    83  
Long-term investments    83  
Intangible assets, net (including goodwill)    414141
Goodwill    414141
Intangible assets, net (excluding goodwill)    000
Deferred costs      6
Other noncurrent assets264336278169172117
Other undisclosed noncurrent assets2,2732,2402,336    
Total noncurrent assets:2,5372,5762,6142,6142,7132,7352,031
TOTAL ASSETS:3,9063,9783,9053,9073,8074,0503,306
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities409282412320416324331
Accounts payable409282412320334251262
Employee-related liabilities    564646
Taxes payable    272724
Debt68  2  
Due to related parties     11 
Deferred revenue and credits13133
Other liabilities74136917917311221724
Other undisclosed current liabilities  53 2127
Total current liabilities:1,156659596496544566485
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,6541,6831,1901,1671,1641,163547
Capital lease obligations  45 
Other undisclosed long-term debt and lease obligation1,6541,6831,1901,1671,1641,118547
Liabilities, other than long-term debt32641745114395612674
Deferred tax liabilities, net 386580640
Deferred income tax liabilities268368396
Other liabilities5849551493234
Other undisclosed noncurrent liabilities   362   
Total noncurrent liabilities:1,9802,1001,6411,5431,5591,7751,221
Total liabilities:3,1362,7592,2372,0392,1032,3411,705
Stockholders' equity
Stockholders' equity attributable to parent5531,0191,3931,246919858984
Common stock1111111
Treasury stock, value(2)(2)(2)(2)(2)(2)(2)
Additional paid in capital1,5101,5101,5071,4731,1981,1981,175
Accumulated deficit(956)(490)(113)(226)(277)(338)(189)
Stockholders' equity attributable to noncontrolling interest217200275622785852616
Total stockholders' equity:7701,2191,6681,8681,7041,7101,601
TOTAL LIABILITIES AND EQUITY:3,9063,9783,9053,9073,8074,0503,306

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7,2423,9306,3647,1245,9884,7825,433
Revenue, net5,9884,7825,433
Cost of revenue(7,024)(4,119)(5,662)(6,408)(5,686)(4,574)(4,938)
Cost of goods and services sold(7,024)(4,119)(5,662)(725)  (585)
Gross profit:218(189)702716303209495
Operating expenses(131)(144)(122)(129)(5,811)(4,692)(73)
Other undisclosed operating income    5,6864,574 
Operating income (loss):87(333)58058717891422
Nonoperating income (expense)96481315(178)(102)(39)
Investment income, nonoperating8141  111
Other nonoperating income15713151637
Interest and debt expense(5)(6)(6) (110)(5)(48)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (124)(96)(102) 548
Income (loss) from continuing operations before equity method investments, income taxes:178(415)491500(110)(11)382
Other undisclosed loss from continuing operations before income taxes(112)      
Income (loss) from continuing operations before income taxes:66(415)491500(110)(11)382
Income tax expense (benefit)895(129)(89)21720(85)
Income (loss) before gain (loss) on sale of properties:74(320)3624111079298
Other undisclosed net income    110  
Net income (loss):74(320)3624112179298
Net income (loss) attributable to noncontrolling interest(49)6418(122)1816(128)
Net income (loss) available to common stockholders, diluted:25(256)38028923425170

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):74(320)3624112179298
Other comprehensive income     01
Other undisclosed comprehensive loss     (0) 
Comprehensive income (loss):74(320)3624112179299
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(49)6418(122)1816(129)
Comprehensive income (loss), net of tax, attributable to parent:25(256)38028923425170

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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