XML 50 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Net sales $ 2,352,419 $ 1,968,631
Operating costs and expenses:    
Cost of product sold (exclusive of depreciation and amortization) 1,813,582 1,635,155
Direct operating expenses (exclusive of depreciation and amortization) 108,548 115,514
Selling, general and administrative expenses (exclusive of depreciation and amortization) 28,429 45,342
Depreciation and amortization 34,198 32,112
Total operating costs and expenses 1,984,757 1,828,123
Operating income 367,662 140,508
Other income (expense):    
Interest expense and other financing costs (Note 13) (15,437) (19,253)
Interest income 300 90
Realized loss on derivatives, net (52,515) (19,086)
Unrealized gain (loss) on derivatives, net 32,489 (128,167)
Loss on extinguishment of debt (26,127)  
Other income, net 116 117
Total other expense (61,174) (166,299)
Income (loss) before income tax expense 306,488 (25,791)
Income tax expense (benefit) 93,743 (9,746)
Net income (loss) 212,745 (16,045)
Less: Net income attributable to noncontrolling interest 47,712 9,157
Net income (loss) attributable to CVR Energy Stockholders $ 165,033 $ (25,202)
Basic earnings (loss) per share (in dollars per share) $ 1.90 $ (0.29)
Diluted earnings (loss) per share (in dollars per share) $ 1.90 $ (0.29)
Weighted-average common shares outstanding:    
Basic (in shares) 86,831,050 86,808,150
Diluted (in shares) 86,831,050 86,808,150