CVR PARTNERS LP
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
UAN$112.45+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the Years Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2024 | 2023 | 2022 |
| Cash flows from operating activities: | |||
| Net income | $60,900 | $172,433 | $286,801 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 88,096 | 79,720 | 82,137 |
| Amortization of deferred financing costs and original issue discount | 696 | 754 | 821 |
| Loss on asset disposal | 100 | 1,533 | 263 |
| Loss on debt extinguishment | — | — | 628 |
| Share-based compensation | 4,898 | 8,235 | 25,264 |
| Other adjustments | 76 | 222 | (107) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (23,323) | 27,501 | (21,139) |
| Inventories | (5,677) | 6,704 | (24,807) |
| Prepaid expenses and other current assets | 7,643 | 1,911 | (2,278) |
| Accounts payable | (5,599) | (23,831) | (6,577) |
| Deferred revenue | 28,647 | (23,491) | (20,502) |
| Other current liabilities | 2,227 | (8,412) | (14,939) |
| Other long-term assets and liabilities | (8,143) | 247 | (4,101) |
| Net cash provided by operating activities | 150,541 | 243,526 | 301,464 |
| Cash flows from investing activities: | |||
| Capital expenditures | (37,074) | (24,196) | (44,668) |
| Proceeds from the sale of assets | 4 | — | 45 |
| Return of equity method investment | 5,178 | 21,474 | — |
| Net cash used in investing activities | (31,892) | (2,722) | (44,623) |
| Cash flows from financing activities: | |||
| Principal payments on senior secured notes | — | — | (65,000) |
| Payment of deferred financing costs | — | (500) | (829) |
| Repurchase of common units | — | — | (12,398) |
| Cash distributions to common unitholders – Affiliates | (26,037) | (103,605) | (75,193) |
| Cash distribution to common unitholders – Non-affiliates | (44,673) | (177,759) | (129,597) |
| Other financing activities | (2,361) | — | (1) |
| Net cash used in financing activities | (73,071) | (281,864) | (283,018) |
| Net increase (decrease) in cash and cash equivalents | 45,578 | (41,060) | (26,177) |
| Cash and cash equivalents, beginning of period | 45,279 | 86,339 | 112,516 |
| Cash and cash equivalents, end of period | $90,857 | $45,279 | $86,339 |
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