CVR ENERGY INC
For the period ended Sep 30, 2024. Filed Oct 29, 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.
Sep 30, 2024 · Filed Oct 29, 2024
CVI$38.71-1.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets - and (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| (in millions) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents (including $111 and $45, respectively, of consolidated variable interest entity (“VIE”)) | $534 | $581 |
| Reserved funds for debt payment | — | 598 |
| Accounts receivable, net (including $36 and $42, respectively, of VIE) | 281 | 286 |
| Inventories (including $75 and $69, respectively, of VIE) | 498 | 604 |
| Prepaid expenses (including $4 and $8, respectively, of VIE) | 25 | 59 |
| Other current assets (including $1 and $1, respectively, of VIE) | 70 | 51 |
| Total current assets | 1,408 | 2,179 |
| Property, plant, and equipment, net (including $715 and $761, respectively, of VIE) | 2,164 | 2,221 |
| Other long-term assets (including $45 and $48, respectively, of VIE) | 306 | 307 |
| Total assets | $3,878 | $4,707 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt and finance lease obligations | $8 | $606 |
| Accounts payable (including $34 and $39, respectively, of VIE) | 464 | 530 |
| Other current liabilities (including $71 and $37, respectively, of VIE) | 583 | 546 |
| Total current liabilities | 1,055 | 1,682 |
| Long-term liabilities: | ||
| Long-term debt and finance lease obligations, net of current portion (including $548 and $547, respectively, of VIE) | 1,574 | 1,579 |
| Deferred income taxes | 309 | 327 |
| Other long-term liabilities (including $46 and $50, respectively, of VIE) | 84 | 81 |
| Total long-term liabilities | 1,967 | 1,987 |
| Commitments and contingencies (See Note 13) | ||
| CVR Energy stockholders’ equity: | ||
| Common stock, $0.01 par value per share; 350,000,000 shares authorized; 100,629,209 and 100,629,209 shares issued as of September 30, 2024 and December 31, 2023, respectively | 1 | 1 |
| Additional paid-in-capital | 1,508 | 1,508 |
| Accumulated deficit | (832) | (660) |
| Treasury stock, 98,610 shares at cost | (2) | (2) |
| Total CVR stockholders’ equity | 675 | 847 |
| Noncontrolling interest | 181 | 191 |
| Total equity | 856 | 1,038 |
| Total liabilities and equity | $3,878 | $4,707 |
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