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 Statements of Cash Flows - and (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net (loss) income | $5 | $781 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation and amortization | 224 | 221 |
| Deferred income taxes | (17) | 31 |
| Share-based compensation | 13 | 30 |
| Unrealized loss on derivatives, net | 16 | 35 |
| Income from equity method investments | (10) | (9) |
| Return from equity method investment earnings | 11 | 8 |
| Other items | 7 | 3 |
| Changes in assets and liabilities: | ||
| Current assets and liabilities | 58 | (105) |
| Other long-term assets and liabilities | (1) | (11) |
| Net cash provided by operating activities | 306 | 984 |
| Cash flows from investing activities: | ||
| Capital expenditures | (124) | (150) |
| Turnaround expenditures | (46) | (53) |
| Return of equity method investment | 5 | 21 |
| Proceeds from sale of assets | 1 | 1 |
| Net cash used in investing activities | (164) | (181) |
| Cash flows from financing activities: | ||
| Principal payments on senior secured notes | (600) | — |
| Dividends to CVR Energy’s stockholders | (151) | (251) |
| Distributions to CVR Partners’ noncontrolling interest holders | (37) | (168) |
| Other financing activities | (6) | (5) |
| Net cash used in financing activities | (794) | (424) |
| Net (decrease) increase in cash, cash equivalents, reserved funds and restricted cash | (652) | 379 |
| Cash, cash equivalents, reserved funds and restricted cash, beginning of period | 1,186 | 517 |
| Cash, cash equivalents and restricted cash, end of period | $534 | $896 |
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