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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Income Statement [Abstract] |  |  |  |
Net sales | $ 1,240.3 | $ 1,408.8 | $ 3,429.0 | $ 4,421.9
Operating costs and expenses: |  |  |  |
Cost of product sold (exclusive of depreciation and amortization) | 1,005.7 | 1,076.7 | 2,719.3 | 3,342.5
Direct operating expenses (exclusive of depreciation and amortization) | 129.5 | 145.8 | 409.2 | 372.7
Flood insurance recovery | 0.0 | 0.0 | 0.0 | (27.3)
Selling, general and administrative expenses (exclusive of depreciation and amortization) | 27.8 | 26.1 | 81.7 | 78.5
Depreciation and amortization | 50.1 | 38.7 | 140.8 | 123.2
Total operating costs and expenses | 1,213.1 | 1,287.3 | 3,351.0 | 3,889.6
Operating income | 27.2 | 121.5 | 78.0 | 532.3
Other income (expense): |  |  |  |
Interest expense and other financing costs | (26.2) | (11.9) | (56.8) | (36.5)
Interest income | 0.2 | 0.3 | 0.5 | 0.7
Gain (loss) on derivatives, net | (1.7) | 11.8 | (4.8) | (52.2)
Loss on extinguishment of debt | 0.0 | 0.0 | (5.1) | 0.0
Other income, net | 5.0 | 0.3 | 5.5 | 36.6
Total other income (expense) | (22.7) | 0.5 | (60.7) | (51.4)
Income before income tax expense | 4.5 | 122.0 | 17.3 | 480.9
Income tax expense | 2.5 | 23.1 | 2.3 | 105.2
Net income | 2.0 | 98.9 | 15.0 | 375.7
Less: Net income (loss) attributable to noncontrolling interest | (3.4) | 41.0 | (2.6) | 161.1
Net income attributable to CVR Energy stockholders | $ 5.4 | $ 57.9 | $ 17.6 | $ 214.6
Earnings per share: |  |  |  |
Basic and diluted earnings per share (in dollars per share) | $ 0.06 | $ 0.67 | $ 0.20 | $ 2.47
Dividends declared per share (in dollars per share) | $ 0.50 | $ 0.5 | $ 1.50 | $ 1.5
Weighted-average common shares outstanding: |  |  |  |
Basic and diluted (in shares) | 86.8 | 86.8 | 86.8 | 86.8

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