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Selected Quarterly Financial Information (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Summary of quarterly financial data
Summarized quarterly financial data for December 31, 2014 and 2013.
 
Year Ended December 31, 2014
 
Quarter
 
First
 
Second
 
Third
 
Fourth
 
(in millions except per share data)
Net sales
$
2,447.4

 
$
2,540.3

 
$
2,279.9

 
$
1,841.8

Operating costs and expenses:
 
 
 
 
 
 
 
Cost of product sold (exclusive of depreciation and amortization)
2,076.9

 
2,189.0

 
2,066.7

 
1,733.4

Direct operating expenses (exclusive of depreciation and amortization)
123.4

 
120.1

 
136.8

 
134.7

Selling, general and administrative (exclusive of depreciation and amortization)
26.3

 
28.0

 
31.8

 
23.5

Depreciation and amortization
37.3

 
38.6

 
37.8

 
40.8

Total operating costs and expenses
2,263.9

 
2,375.7

 
2,273.1

 
1,932.4

Operating income (loss)
183.5

 
164.6

 
6.8

 
(90.6
)
Other income (expense):
 
 
 
 
 
 
 
Interest expense and other financing costs
(10.1
)
 
(9.3
)
 
(9.4
)
 
(11.2
)
Interest income
0.2

 
0.2

 
0.3

 
0.2

Gain on derivatives, net
109.4

 
35.9

 
25.7

 
14.5

Other income (expense), net
0.1

 
(2.2
)
 
2.1

 
(3.6
)
Total other income (expense)
99.6

 
24.6

 
18.7

 
(0.1
)
Income (loss) before income taxes
283.1

 
189.2

 
25.5

 
(90.7
)
Income tax expense (benefit)
69.4

 
45.2

 
4.2

 
(21.0
)
Net income (loss)
213.7

 
144.0

 
21.3

 
(69.7
)
Less: Net income (loss) attributable to noncontrolling interest
87.0

 
60.3

 
13.4

 
(25.3
)
Net income (loss) attributable to CVR Energy Stockholders
$
126.7

 
$
83.7

 
$
7.9

 
$
(44.4
)
 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
1.46

 
$
0.96

 
$
0.09

 
$
(0.51
)
Diluted earnings (loss) per share
$
1.46

 
$
0.96

 
$
0.09

 
$
(0.51
)
Dividends declared per share
$
0.75

 
$
0.75

 
$
2.75

 
$
0.75

 
 
 
 
 
 
 
 
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, 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 taxes
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
)
 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
1.90

 
$
2.11

 
$
0.51

 
$
(0.25
)
Diluted earnings (loss) per share
$
1.90

 
$
2.11

 
$
0.51

 
$
(0.25
)
Dividends declared per share
$
5.50

 
$
7.25

 
$
0.75

 
$
0.75

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
 
 
 
 
 
Basic
86.8

 
86.8

 
86.8

 
86.8

Diluted
86.8

 
86.8

 
86.8

 
86.8