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Selected Quarterly Financial Information (unaudited) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Information (unaudited) | (20) Selected Quarterly Financial Information (unaudited) Summarized quarterly financial data for December 31, 2016 and 2015.
| Year Ended December 31, 2016
| Quarter
| First |  | Second |  | Third |  | Fourth
| (in millions, except per share data)
Net sales | $ | 905.5 |  |  | $ | 1,283.2 |  |  | $ | 1,240.3 |  |  | $ | 1,353.4 |
Operating costs and expenses: |  |  |  |  |  |  |
Cost of materials and other | 736.8 |  |  | 976.9 |  |  | 1,005.7 |  |  | 1,128.1 |
Direct operating expenses (exclusive of depreciation and amortization as reflected below) | 141.4 |  |  | 138.3 |  |  | 129.5 |  |  | 132.6 |
Depreciation and amortization | 37.9 |  |  | 48.5 |  |  | 48.2 |  |  | 49.9 |
Cost of sales | 916.1 |  |  | 1,163.7 |  |  | 1,183.4 |  |  | 1,310.6 |
Flood insurance recovery | — |  |  | — |  |  | — |  |  | — |
Selling, general and administrative (exclusive of depreciation and amortization as reflected below) | 27.2 |  |  | 26.6 |  |  | 27.8 |  |  | 27.5 |
Depreciation and amortization | 2.1 |  |  | 2.2 |  |  | 1.9 |  |  | 2.4 |
Total operating costs and expenses | 945.4 |  |  | 1,192.5 |  |  | 1,213.1 |  |  | 1,340.5 |
Operating income (loss) | (39.9 | ) |  | 90.7 |  |  | 27.2 |  |  | 12.9 |
Other income (expense): |  |  |  |  |  |  |
Interest expense and other financing costs | (12.1 | ) |  | (18.5 | ) |  | (26.2 | ) |  | (27.1 | )
Interest income | 0.2 |  |  | 0.1 |  |  | 0.2 |  |  | 0.2 |
Loss on derivatives, net | (1.2 | ) |  | (1.9 | ) |  | (1.7 | ) |  | (14.6 | )
Gain (loss) on extinguishment of debt | — |  |  | (5.1 | ) |  | — |  |  | 0.2 |
Other income, net | 0.3 |  |  | 0.1 |  |  | 5.0 |  |  | 0.3 |
Total other expense | (12.8 | ) |  | (25.3 | ) |  | (22.7 | ) |  | (41.0 | )
Income (loss) before income taxes | (52.7 | ) |  | 65.4 |  |  | 4.5 |  |  | (28.1 | )
Income tax expense (benefit) | (21.8 | ) |  | 21.6 |  |  | 2.5 |  |  | (22.1 | )
Net income (loss) | (30.9 | ) |  | 43.8 |  |  | 2.0 |  |  | (6.0 | )
Less: Net income (loss) attributable to noncontrolling interest | (14.7 | ) |  | 15.4 |  |  | (3.4 | ) |  | (13.1 | )
Net income (loss) attributable to CVR Energy stockholders | $ | (16.2 | ) |  | $ | 28.4 |  |  | $ | 5.4 |  |  | $ | 7.1 |
Basic and diluted earnings (loss) per share | $ | (0.19 | ) |  | $ | 0.33 |  |  | $ | 0.06 |  |  | $ | 0.08 |
Dividends declared per share | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |
Weighted-average common shares outstanding - basic and diluted | 86.8 |  |  | 86.8 |  |  | 86.8 |  |  | 86.8 |
| Year Ended December 31, 2015
| Quarter
| First |  | Second |  | Third |  | Fourth
| (in millions, except per share data)
Net sales | $ | 1,388.9 |  |  | $ | 1,624.2 |  |  | $ | 1,408.8 |  |  | $ | 1,010.6 |
Operating costs and expenses: |  |  |  |  |  |  |
Cost of materials and other | 1,073.6 |  |  | 1,192.2 |  |  | 1,076.7 |  |  | 847.9 |
Direct operating expenses (exclusive of depreciation and amortization as reflected below) | 111.4 |  |  | 115.4 |  |  | 145.8 |  |  | 212.1 |
Depreciation and amortization | 40.3 |  |  | 40.6 |  |  | 36.9 |  |  | 38.7 |
Cost of sales | 1,225.3 |  |  | 1,348.2 |  |  | 1,259.4 |  |  | 1,098.7 |
Flood insurance recovery | — |  |  | (27.3 | ) |  | — |  |  | — |
Selling, general and administrative (exclusive of depreciation and amortization as reflected below) | 25.3 |  |  | 27.2 |  |  | 26.1 |  |  | 20.4 |
Depreciation and amortization | 1.7 |  |  | 1.9 |  |  | 1.8 |  |  | 2.2 |
Total operating costs and expenses | 1,252.3 |  |  | 1,350.0 |  |  | 1,287.3 |  |  | 1,121.3 |
Operating income (loss) | 136.6 |  |  | 274.2 |  |  | 121.5 |  |  | (110.7 | )
Other income (expense): |  |  |  |  |  |  |
Interest expense and other financing costs | (12.7 | ) |  | (11.9 | ) |  | (11.9 | ) |  | (11.9 | )
Interest income | 0.2 |  |  | 0.3 |  |  | 0.3 |  |  | 0.2 |
Gain (loss) on derivatives, net | (51.4 | ) |  | (12.6 | ) |  | 11.8 |  |  | 23.6 |
Other income, net | 36.0 |  |  | 0.2 |  |  | 0.3 |  |  | 0.2 |
Total other income (expense) | (27.9 | ) |  | (24.0 | ) |  | 0.5 |  |  | 12.1 |
Income (loss) before income taxes | 108.7 |  |  | 250.2 |  |  | 122.0 |  |  | (98.6 | )
Income tax expense (benefit) | 24.0 |  |  | 58.1 |  |  | 23.1 |  |  | (20.7 | )
Net income (loss) | 84.7 |  |  | 192.1 |  |  | 98.9 |  |  | (77.9 | )
Less: Net income (loss) attributable to noncontrolling interest | 29.8 |  |  | 90.2 |  |  | 41.0 |  |  | (32.9 | )
Net income (loss) attributable to CVR Energy stockholders | $ | 54.9 |  |  | $ | 101.9 |  |  | $ | 57.9 |  |  | $ | (45.0 | )
Basic and diluted earnings (loss) per share | $ | 0.63 |  |  | $ | 1.17 |  |  | $ | 0.67 |  |  | $ | (0.52 | )
Dividends declared per share | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |
Weighted-average common shares outstanding |  |  |  |  |  |  |
Basic and diluted | 86.8 |  |  | 86.8 |  |  | 86.8 |  |  | 86.8 |
Factors Impacting the Comparability of Quarterly Results of Operations As discussed in Note 2 ("Summary of Significant Accounting Policies"), the Refining business's Coffeyville refinery completed the second phase of its most recent major scheduled turnaround during the first quarter of 2016 at a total cost of approximately $31.5 million for the year ended December 31, 2016, of which approximately $29.4 million and $2.1 million were incurred in the first and second quarters of 2016, respectively. The Coffeyville refinery completed the first phase of its major scheduled turnaround in mid-November 2015 at a total cost of approximately $102.2 million of major scheduled turnaround expenses for the year ended December 31, 2015, of which approximately $1.7 million, $15.6 million and $84.9 million were incurred in the second, third and fourth quarters of 2015, respectively. As discussed in Note 2 ("Summary of Significant Accounting Policies"), the Nitrogen Fertilizer Partnership's Coffeyville fertilizer facility had a full facility turnaround in 2015 at a total cost of $7.0 million, of which $0.4 million was incurred in the second quarter of 2015 and $6.6 million was incurred in the third quarter of 2015. During the second quarter of 2016, the East Dubuque Facility completed a major scheduled turnaround during which the ammonia and UAN units were down for approximately 28 days. Overall results were negatively impacted due to the lost production during the downtime that resulted in lost sales and certain reduced variable expenses included in cost of materials and other and direct operating expenses (exclusive of depreciation and amortization). Costs, exclusive of the impacts due to the lost production during the downtime, were approximately $6.6 million. On April 1, 2016, the Nitrogen Fertilizer Partnership completed the East Dubuque Merger, whereby the Nitrogen Fertilizer Partnership acquired the East Dubuque Facility. The consolidated financial statements include the results of the East Dubuque Facility beginning on April 1, 2016, the date of the closing of the acquisition. See Note 3 ("Acquisition") for further discussion. As discussed in Note 14 ("Commitments and Contingencies"), the Company received an insurance recovery from its environmental insurance carriers in the second quarter of 2015 as a result of the flood and crude oil discharge at the Coffeyville refinery on June/July 2007.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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