CVR ENERGY INC
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations - Months Ended and (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (in millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Net sales | $1,833 | $2,522 | $5,663 | $7,045 |
| Operating costs and expenses: | ||||
| Cost of materials and other | 1,666 | 1,787 | 4,796 | 5,211 |
| Direct operating expenses (exclusive of depreciation and amortization) | 165 | 170 | 502 | 503 |
| Depreciation and amortization | 73 | 80 | 218 | 217 |
| Cost of sales | 1,904 | 2,037 | 5,516 | 5,931 |
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | 40 | 38 | 103 | 109 |
| Depreciation and amortization | 2 | 1 | 6 | 4 |
| Loss on asset disposal | — | 1 | 1 | 1 |
| Operating (loss) income | (113) | 445 | 37 | 1,000 |
| Other (expense) income: | ||||
| Interest expense, net | (18) | (11) | (56) | (44) |
| Other income, net | 3 | 4 | 10 | 10 |
| (Loss) income before income tax benefit | (128) | 438 | (9) | 966 |
| Income tax (benefit) expense | (6) | 84 | (14) | 185 |
| Net (loss) income | (122) | 354 | 5 | 781 |
| Less: Net income attributable to noncontrolling interest | 2 | 1 | 27 | 103 |
| Net (loss) income attributable to CVR Energy stockholders | $(124) | $353 | $(22) | $678 |
| Basic and diluted (loss) earnings per share | $(1.24) | $3.51 | $(0.22) | $6.74 |
| Weighted-average common shares outstanding: | ||||
| Basic and diluted | 100.5 | 100.5 | 100.5 | 100.5 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.