CVR ENERGY INC
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 30, 2024
CVI$38.71-1.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations - Months Ended and (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| (in millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Net sales | $1,967 | $2,236 | $3,829 | $4,523 |
| Operating costs and expenses: | ||||
| Cost of materials and other | 1,667 | 1,743 | 3,130 | 3,423 |
| Direct operating expenses (exclusive of depreciation and amortization) | 173 | 165 | 337 | 334 |
| Depreciation and amortization | 70 | 71 | 145 | 137 |
| Cost of sales | 1,910 | 1,979 | 3,612 | 3,894 |
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | 28 | 32 | 63 | 71 |
| Depreciation and amortization | 2 | 1 | 4 | 4 |
| Loss on asset disposal | — | — | 1 | — |
| Operating income | 27 | 224 | 149 | 554 |
| Other (expense) income: | ||||
| Interest expense, net | (19) | (16) | (39) | (32) |
| Other income, net | 4 | 4 | 8 | 6 |
| Income before income tax expense | 12 | 212 | 118 | 528 |
| Income tax (benefit) expense | (26) | 44 | (10) | 101 |
| Net income | 38 | 168 | 128 | 427 |
| Less: Net income attributable to noncontrolling interest | 17 | 38 | 25 | 102 |
| Net income attributable to CVR Energy stockholders | $21 | $130 | $103 | $325 |
| Basic and diluted earnings per share | $0.21 | $1.29 | $1.02 | $3.23 |
| Weighted-average common shares outstanding: | ||||
| Basic and diluted | 100.5 | 100.5 | 100.5 | 100.5 |
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