CVR ENERGY INC
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
CVI$38.71-1.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations for the Years Ended
CONSOLIDATED STATEMENTS OF OPERATIONS
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions, except per share data) | 2024 | 2023 | 2022 |
| Net sales | $7,610 | $9,247 | $10,896 |
| Operating costs and expenses: | |||
| Cost of materials and other | 6,448 | 7,013 | 8,766 |
| Direct operating expenses (exclusive of depreciation and amortization) | 667 | 670 | 719 |
| Depreciation and amortization | 290 | 291 | 281 |
| Cost of sales | 7,405 | 7,974 | 9,766 |
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | 139 | 141 | 149 |
| Depreciation and amortization | 8 | 7 | 7 |
| Loss on asset disposals | — | 2 | 11 |
| Operating income | 58 | 1,123 | 963 |
| Other (expense) income: | |||
| Interest expense, net | (77) | (52) | (85) |
| Other income (expense), net | 38 | 14 | (77) |
| Income before income tax expense | 19 | 1,085 | 801 |
| Income tax (benefit) expense | (26) | 207 | 157 |
| Net income | 45 | 878 | 644 |
| Less: Net income attributable to noncontrolling interest | 38 | 109 | 181 |
| Net income attributable to CVR Energy stockholders | $7 | $769 | $463 |
| Basic and diluted earnings per share | $0.06 | $7.65 | $4.60 |
| Weighted-average common shares outstanding: | |||
| Basic and diluted | 100.5 | 100.5 | 100.5 |
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