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CVR ENERGY INC

For the period ended Dec 31, 2024. Filed Feb 19, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 19, 2025

CVI$38.71-1.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Cash Flows for the Years Ended

CONSOLIDATED STATEMENTS OF CASH FLOWS

Year Ended December 31,
(in millions)202420232022
Cash flows from operating activities:
Net income$45$878$644
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization298298288
Loss on lower of cost or net realizable value adjustments54—
Deferred income taxes and unrecognized tax benefits(50)67(17)
(Gain) loss on sale of investments and asset disposals(24)211
Unrealized loss (gain) on derivatives, net22(32)5
Share-based compensation153471
Income from equity method investments(13)(12)(10)
Return from equity method investment earnings131210
Other items722
Changes in assets and liabilities:
Accounts receivable(9)51(78)
Inventories9615(140)
Prepaid expenses and other current assets3319(29)
Accounts payable23778
Deferred revenue29(24)(20)
Other current liabilities(41)(391)158
Other long-term assets and liabilities(24)(12)(7)
Net cash provided by operating activities404948967
Cash flows from investing activities:
Capital expenditures(179)(205)(191)
Turnaround expenditures(53)(57)(83)
Insurance proceeds related to asset damages10——
Proceeds from sale of investments and assets921—
Return of equity method investment9223
Net cash used in investing activities(121)(239)(271)
Cash flows from financing activities:
Proceeds from issuance of long-term debt325600—
Principal payments on senior secured notes(600)—(65)
Repurchase of common units by CVR Partners——(12)
Dividends to CVR Energy’s stockholders(151)(453)(483)
Distributions to CVR Partners’ noncontrolling interest holders(44)(178)(129)
Other financing activities(12)(9)(7)
Net cash used in financing activities(482)(40)(696)
Net (decrease) increase in cash, cash equivalents, reserved funds and restricted cash(199)669—
Cash, cash equivalents, reserved funds and restricted cash, beginning of period1,186517517
Cash, cash equivalents, reserved funds and restricted cash, end of period$987$1,186$517
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.