CVR ENERGY INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
CVI$38.71-1.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations for the Years Ended
CONSOLIDATED STATEMENTS OF OPERATIONS
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions, except per share data) | 2023 | 2022 | 2021 |
| Net sales | $9,247 | $10,896 | $7,242 |
| Operating costs and expenses: | |||
| Cost of materials and other | 7,013 | 8,766 | 6,185 |
| Direct operating expenses (exclusive of depreciation and amortization) | 670 | 719 | 569 |
| Depreciation and amortization | 291 | 281 | 270 |
| Cost of sales | 7,974 | 9,766 | 7,024 |
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | 141 | 149 | 119 |
| Depreciation and amortization | 7 | 7 | 9 |
| Loss on asset disposals | 2 | 11 | 3 |
| Operating income | 1,123 | 963 | 87 |
| Other (expense) income: | |||
| Interest expense, net | (52) | (85) | (117) |
| Investment income on marketable securities | — | — | 81 |
| Other income (expense), net | 14 | (77) | 15 |
| Income before income tax expense | 1,085 | 801 | 66 |
| Income tax expense (benefit) | 207 | 157 | (8) |
| Net income | 878 | 644 | 74 |
| Less: Net income attributable to noncontrolling interest | 109 | 181 | 49 |
| Net income attributable to CVR Energy stockholders | $769 | $463 | $25 |
| Basic and diluted earnings per share | $7.65 | $4.60 | $0.25 |
| Weighted-average common shares outstanding: | |||
| Basic and diluted | 100.5 | 100.5 | 100.5 |
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