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Selected Quarterly Financial Information (unaudited)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information (unaudited)
(21) Selected Quarterly Financial Information (unaudited)
Summarized quarterly financial data for December 31, 2013 and 2012.
 
Year Ended December 31, 2013
 
Quarter
 
First
 
Second
 
Third
 
Fourth
 
(in millions except per share data)
Net sales
$
2,352.4

 
$
2,220.3

 
$
1,977.1

 
$
2,436.0

Operating costs and expenses:
 
 
 
 
 
 
 
Cost of product sold (exclusive of depreciation and amortization)
1,813.6

 
1,785.4

 
1,744.4

 
2,219.7

Direct operating expenses (exclusive of depreciation and amortization)
108.5

 
108.3

 
128.4

 
110.6

Selling, general and administrative (exclusive of depreciation and amortization)
28.4

 
28.9

 
27.7

 
28.6

Depreciation and amortization
34.2

 
35.0

 
36.2

 
37.4

Total operating costs and expenses
1,984.7

 
1,957.6

 
1,936.7

 
2,396.3

Operating income
367.7

 
262.7

 
40.4

 
39.7

Other income (expense):
 
 
 
 
 
 
 
Interest expense and other financing costs
(15.4
)
 
(12.5
)
 
(11.7
)
 
(10.9
)
Interest income
0.3

 
0.3

 
0.3

 
0.3

Gain (loss) on derivatives, net
(20.0
)
 
120.5

 
72.5

 
(115.9
)
Loss on extinguishment of debt
(26.1
)
 
—

 
—

 
—

Other income, net
—

 
0.2

 
6.2

 
7.1

Total other income (expense)
(61.2
)
 
108.5

 
67.3

 
(119.4
)
Income (loss) before income tax expense
306.5

 
371.2

 
107.7

 
(79.7
)
Income tax expense (benefit)
93.8

 
99.5

 
29.5

 
(39.1
)
Net income (loss)
212.7

 
271.7

 
78.2

 
(40.6
)
Less: Net income (loss) attributable to noncontrolling interest
47.7

 
88.3

 
34.2

 
(18.9
)
Net income (loss) attributable to CVR Energy stockholders
$
165.0

 
$
183.4

 
$
44.0

 
$
(21.7
)
 
 
 
 
 
 
 
 
Net earnings (loss) per share
 
 
 
 
 
 
 
Basic
$
1.90

 
$
2.11

 
$
0.51

 
$
(0.25
)
Diluted
$
1.90

 
$
2.11

 
$
0.51

 
$
(0.25
)
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
 
 
 
 
 
Basic
86.8

 
86.8

 
86.8

 
86.8

Diluted
86.8

 
86.8

 
86.8

 
86.8

 
Year Ended December 31, 2012
 
Quarter
 
First
 
Second
 
Third
 
Fourth
 
(in millions except per share data)
Net sales
$
1,968.6

 
$
2,308.3

 
$
2,409.6

 
$
1,880.8

Operating costs and expenses:
 
 
 
 
 
 
 
Cost of product sold (exclusive of depreciation and amortization)
1,635.2

 
1,874.2

 
1,702.5

 
1,485.1

Direct operating expenses (exclusive of depreciation and amortization)
115.5

 
94.1

 
109.9

 
202.5

Selling, general and administrative (exclusive of depreciation and amortization)
45.3

 
72.0

 
30.4

 
35.7

Depreciation and amortization
32.1

 
32.2

 
33.1

 
32.6

Total operating costs and expenses
1,828.1

 
2,072.5

 
1,875.9

 
1,755.9

Operating income
140.5

 
235.8

 
533.7

 
124.9

Other income (expense):
 
 
 
 
 
 
 
Interest expense and other financing costs
(19.2
)
 
(19.0
)
 
(18.9
)
 
(18.2
)
Interest income
—

 
0.2

 
0.3

 
0.3

Gain (loss) on derivatives, net
(147.2
)
 
38.8

 
(168.9
)
 
(8.2
)
Loss on extinguishment of debt
—

 
—

 
—

 
(37.5
)
Other income (expense), net
0.1

 
0.6

 
(0.1
)
 
0.2

Total other income (expense)
(166.3
)
 
20.6

 
(187.6
)
 
(63.4
)
Income (loss) before income tax expense
(25.8
)
 
256.4

 
346.1

 
61.5

Income tax expense (benefit)
(9.8
)
 
91.1

 
127.6

 
16.7

Net income (loss)
(16.0
)
 
165.3

 
218.5

 
44.8

Less: Net income attributable to noncontrolling interest
9.2

 
10.6

 
9.6

 
4.6

Net income (loss) attributable to CVR Energy stockholders
$
(25.2
)
 
$
154.7

 
$
208.9

 
$
40.2

 
 
 
 
 
 
 
 
Net earnings (loss) per share
 
 
 
 
 
 
 
Basic
$
(0.29
)
 
$
1.78

 
$
2.41

 
$
0.46

Diluted
$
(0.29
)
 
$
1.75

 
$
2.41

 
$
0.46

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
 
 
 
 
 
Basic
86.8

 
86.8

 
86.8

 
86.8

Diluted
86.8

 
88.5

 
86.8

 
86.8