Selected Quarterly Financial Information (unaudited) (Tables)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Information (unaudited)

Summary of quarterly financial data

	Year Ended December 31, 2011
	Quarter
	First			Second			Third			Fourth
	(in thousands except share data)
Net sales	$	1,167,265		$	1,447,716		$	1,351,964		$	1,062,168
Operating costs and expenses:
Cost of product sold (exclusive of depreciation and amortization)		936,822			1,123,375			1,026,040			857,277
Direct operating expenses (exclusive of depreciation and amortization)		68,434			66,207			74,615			124,796
Insurance recovery — business interruption		(2,870	)		—			(490	)		—
Selling, general and administrative (exclusive of depreciation and amortization)		33,262			18,171			17,584			28,973
Depreciation and amortization		22,011			22,043			22,025			24,242
Total operating costs and expenses		1,057,659			1,229,796			1,139,774			1,035,288
Operating income		109,606			217,920			212,190			26,880
Other income (expense):
Interest expense and other financing costs		(13,190	)		(14,205	)		(13,757	)		(14,657	)
Interest income		274			211			93			(89	)
Gain (loss) on derivatives, net		(22,106	)		6,932			(9,925	)		103,179
Loss on extinguishment of debt		(1,908	)		(170	)		—			—
Other income, net		231			246			243			124
Total other income		(36,699	)		(6,986	)		(23,346	)		88,557
Income before income tax expense		72,907			210,934			188,844			115,437
Income tax expense		27,119			76,738			68,603			37,103
Net income		45,788			134,196			120,241			78,334
Less: Net income attributable to noncontrolling interest		—			9,331			10,976			12,476
Net income attributable to CVR Energy stockholders	$	45,788		$	124,865		$	109,265		$	65,858
Net earnings per share
Basic	$	0.53		$	1.44		$	1.26		$	0.76
Diluted	$	0.52		$	1.42		$	1.25		$	0.75
Weighted-average common shares outstanding
Basic		86,413,781			86,422,881			86,549,846			86,852,800
Diluted		87,783,857			87,789,351			87,743,600			87,746,843

	Year Ended December 31, 2010
	Quarter
	First			Second			Third			Fourth
	(in thousands, except share data)
Net sales	$	894,512		$	1,005,898		$	1,031,174		$	1,148,184
Operating costs and expenses:
Cost of product sold (exclusive of depreciation and amortization)		802,890			891,652			889,850			983,726
Direct operating expenses (exclusive of depreciation and amortization)		60,562			62,479			52,534			64,216
Selling, general and administrative (exclusive of depreciation and amortization)		21,394			10,793			16,397			43,450
Depreciation and amortization		21,260			21,553			21,943			22,005
Total operating costs and expenses		906,106			986,477			980,724			1,113,397
Operating income (loss)		(11,594	)		19,421			50,450			34,787
Other income (expense):
Interest expense and other financing costs		(9,922	)		(12,766	)		(13,863	)		(13,717	)
Interest income		416			643			549			603
Gain (loss) on derivatives, net		1,490			7,339			(1,014	)		(9,320	)
Loss on extinguishment of debt		(500	)		(14,552	)		—			(1,595	)
Other income, net		42			642			17			517
Total other income (expense)		(8,474	)		(18,694	)		(14,311	)		(23,512	)
Income (loss) before income tax (benefit)		(20,068	)		727			36,139			11,275
Income tax expense (benefit)		(7,705	)		(425	)		12,932			8,981
Net income (loss)	$	(12,363	)	$	1,152		$	23,207		$	2,294
Net earnings (loss) per share
Basic	$	(0.14	)	$	0.01		$	0.27		$	0.03
Diluted	$	(0.14	)	$	0.01		$	0.27		$	0.03
Weighted-average common shares outstanding
Basic		86,329,237			86,336,125			86,343,102			86,352,627
Diluted		86,329,237			86,506,590			87,013,575			87,121,094