CVR Energy Inc. (CVI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments667652668482736765754
Cash and cash equivalents667652668482736765754
Receivables222182181194162114192
Inventory, net of allowances, customer advances and progress billings298390380385349290330
Inventory298390380385349290330
Deferred tax assets    6
Other undisclosed current assets21567643468105175
Total current assets:1,4021,2911,2931,0941,3161,2751,457
Noncurrent Assets
Property, plant and equipment  2,4452,5722,6721,9671,916
Long-term investments and receivables   83   
Long-term investments   83   
Intangible assets, net (including goodwill)   41414141
Goodwill   41414141
Intangible assets, net (excluding goodwill)   0000
Deferred costs     68
Other noncurrent assets33627816917211740
Other undisclosed noncurrent assets2,2402,336     
Total noncurrent assets:2,5762,6142,6142,7132,7352,0312,006
TOTAL ASSETS:3,9783,9053,9073,8074,0503,3063,463
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities282412320416324331345
Accounts payable282412320334251262275
Employee-related liabilities   56464638
Taxes payable   27272427
Interest and dividends payable      5
Debt8  2   
Due to related parties    11  
Deferred revenue and credits1313314
Other liabilities3691791731122172469
Other undisclosed current liabilities 53 2127(4)
Total current liabilities:659596496544566485424
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,6831,1901,1671,1641,163547674
Capital lease obligations  45 49
Other undisclosed long-term debt and lease obligation1,6831,1901,1671,1641,118547625
Liabilities, other than long-term debt41745114395612674690
Deferred tax liabilities, net 386580640638
Deferred income tax liabilities368396
Accrued environmental loss contingencies      1
Other liabilities4955149323451
Other undisclosed noncurrent liabilities  362    
Total noncurrent liabilities:2,1001,6411,5431,5591,7751,2211,364
Total liabilities:2,7592,2372,0392,1032,3411,7051,787
Stockholders' equity
Stockholders' equity attributable to parent1,0191,3931,246919858984988
Common stock1111111
Treasury stock, value(2)(2)(2)(2)(2)(2)(2)
Additional paid in capital1,5101,5071,4731,1981,1981,1751,175
Accumulated other comprehensive loss      (0)
Accumulated deficit(490)(113)(226)(277)(338)(189)(185)
Stockholders' equity attributable to noncontrolling interest200275622785852616687
Total stockholders' equity:1,2191,6681,8681,7041,7101,6011,675
TOTAL LIABILITIES AND EQUITY:3,9783,9053,9073,8074,0503,3063,463

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,9306,3647,1245,9884,7825,4339,110
Revenue, net5,9884,7825,4339,110
Cost of revenue(4,119)(5,662)(6,408)(5,686)(4,574)(4,938)(8,736)
Cost of goods and services sold(4,119)(5,662)(725)  (585)(515)
Gross profit:(189)702716303209495374
Operating expenses(144)(122)(129)(5,811)(4,692)(73)(110)
Other undisclosed operating income   5,6864,574  
Operating income (loss):(333)58058717891422264
Nonoperating income (expense)481315(178)(102)(39)143
Investment income, nonoperating41  1111
Other nonoperating income (expense)713151637(4)
Interest and debt expense(6)(6) (110)(5)(48)(40)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(124)(96)(102) 54840
Income (loss) from continuing operations before income taxes:(415)491500(110)(11)382407
Income tax expense (benefit)95(129)(89)21720(85)(98)
Income (loss) before gain (loss) on sale of properties:(320)3624111079298309
Other undisclosed net income   110   
Net income (loss):(320)3624112179298309
Net income (loss) attributable to noncontrolling interest6418(122)1816(128)(136)
Net income (loss) available to common stockholders, diluted:(256)38028923425170174

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(320)3624112179298309
Other comprehensive income    011
Other undisclosed comprehensive loss    (0)  
Comprehensive income (loss):(320)3624112179299310
Comprehensive income (loss), net of tax, attributable to noncontrolling interest6418(122)1816(129)(136)
Comprehensive income (loss), net of tax, attributable to parent:(256)38028923425170174

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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