CVR ENERGY INC
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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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.
Mar 31, 2026 · Filed Apr 29, 2026
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
| Three Months Ended March 31, | ||
|---|---|---|
| (in millions) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net loss | $(160) | $(105) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 79 | 68 |
| Deferred income taxes and unrecognized tax benefits | (29) | (49) |
| Loss on extinguishment of debt | 32 | — |
| Share-based compensation | 12 | 6 |
| Unrealized loss (gain) on derivatives, net | 158 | (3) |
| Income from equity method investments | (1) | (1) |
| Return from equity method investment earnings | 1 | 1 |
| Other items | 2 | 1 |
| Changes in working capital: | ||
| Accounts receivables | (95) | (25) |
| Inventories | (79) | (88) |
| Prepaid expenses and other current assets | (16) | (6) |
| Accounts payable | 120 | (64) |
| Deferred revenue | (1) | (15) |
| Other current liabilities | 41 | 85 |
| Net cash provided by (used in) operating activities | 64 | (195) |
| Cash flows from investing activities: | ||
| Capital expenditures | (47) | (51) |
| Turnaround expenditures | — | (43) |
| Proceeds from sale of assets | — | 6 |
| Insurance proceeds related to asset damages | — | 2 |
| Return of equity method investment | 4 | 4 |
| Net cash used in investing activities | (43) | (82) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of Senior Notes | 1,000 | — |
| Principal payments of Term Loan | (157) | — |
| Principal payments of senior secured notes | (817) | — |
| Call premium on extinguishment of debt | (25) | — |
| Payment of deferred financing costs | (15) | — |
| Distributions to CVR Partners noncontrolling interest holders | (3) | (12) |
| Other financing activities | (3) | (3) |
| Net cash used in financing activities | (20) | (15) |
| Net increase (decrease) in cash and cash equivalents | 1 | (292) |
| Cash and cash equivalents, beginning of period | 511 | 987 |
| Cash and cash equivalents, end of period | $512 | $695 |
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