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