XML 53 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 9,247 $ 10,896 $ 7,242
Operating costs and expenses:      
Cost of materials and other 7,013 8,766 6,185
Direct operating expenses (exclusive of depreciation and amortization) 670 719 569
Depreciation and amortization 291 281 270
Cost of sales 7,974 9,766 7,024
Selling, general and administrative expenses (exclusive of depreciation and amortization) 141 149 119
Depreciation and amortization 7 7 9
Loss on asset disposals 2 11 3
Operating income 1,123 963 87
Other (expense) income:      
Interest expense, net (52) (85) (117)
Investment income on marketable securities 0 0 81
Other income (expense), net 14 (77) 15
Income before income tax expense 1,085 801 66
Income tax expense (benefit) 207 157 (8)
Net income 878 644 74
Less: Net income attributable to noncontrolling interest 109 181 49
Net income attributable to CVR Energy stockholders $ 769 $ 463 $ 25
Basic earnings per share (in dollars per share) $ 7.65 $ 4.60 $ 0.25
Diluted earnings per share (in dollars per share) $ 7.65 $ 4.60 $ 0.25
Weighted-average common shares outstanding:      
Basic (in shares) 100.5 100.5 100.5
Diluted (in shares) 100.5 100.5 100.5