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Guarantor | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Guarantor | (14) Guarantor Financial Information On January 29, 2019, in connection with CVRR Unit Purchase, CVR Energy, Inc. became a guarantor of CVR Refining’s 2022 Senior Notes pursuant to a supplemental indenture (the “CVR Energy Guarantee”). The CVR Energy Guarantee is full and unconditional and joint and several. Following the cessation of trading for CVRR’s common units and the execution of the CVR Energy Guarantee, the Company is providing condensed consolidating financial statements in lieu of standalone CVRR financial statements pursuant to Rule 3-10 of Regulation S-X. The guarantor financial information provided below reflects condensed consolidating financial information of the Company. The following outlines the composition of each column in the condensed consolidating financial statements:
• | Parent - represents CVR Energy, Inc. which, as of January 29, 2019, guarantees the 2022 Senior Notes;
• | Subsidiary Issuer - represents Refining LLC and Coffeyville Finance, Inc. (“Coffeyville Finance”), which are the issuers of the 2022 Senior Notes. Coffeyville Finance has no assets or operations, thus the columns presents the financial position, results and cash flows of Refining LLC;
• | Guarantor Subsidiaries - represents the operating subsidiaries of Refining LLC, which also represent the operating subsidiaries of CVR Refining, and CRLLC, an indirect wholly-owned subsidiary of CVR Energy. CRLLC’s activities consist of general and administrative functions for the Company’s operating businesses; and
• | Non-Guarantor Subsidiaries - represents CVR Partners and other subsidiaries of CVR Energy that do not guarantee the 2022 Senior Notes.
For the purposes of this financial information, investments in consolidated subsidiaries are accounted for under the equity method of accounting. Intercompany transactions between entities within each column have been eliminated within the column. Eliminations for transactions with entities reflected in other columns are reflected in the “Intercompany Elimination” column. Condensed Consolidating Balance Sheet
| December 31, 2018
| Parent |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Intercompany Elimination |  | Consolidated
(in millions) |  |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 3 |  |  | $ | 340 |  |  | $ | 252 |  |  | $ | 73 |  |  | $ | — |  |  | $ | 668 |
Accounts receivable | — |  |  | — |  |  | 107 |  |  | 62 |  |  | — |  |  | 169 |
Intercompany receivable | 6 |  |  | — |  |  | 4 |  |  | — |  |  | (10 | ) |  | — |
Inventories | — |  |  | — |  |  | 316 |  |  | 64 |  |  | — |  |  | 380 |
Prepaid expenses and other current assets | 31 |  |  | 1 |  |  | 47 |  |  | 5 |  |  | (8 | ) |  | 76 |
Total current assets | 40 |  |  | 341 |  |  | 726 |  | — |  | 204 |  | — |  | (18 | ) | — |  | 1,293 |
Property, plant and equipment, net of accumulated depreciation | — |  |  | — |  |  | 1,425 |  |  | 1,020 |  |  | — |  |  | 2,445 |
Investment in and advances from subsidiaries | 1,192 |  |  | 1,601 |  |  | 173 |  |  | 1,440 |  |  | (4,406 | ) |  | — |
Other long-term assets | — |  |  | 1 |  |  | 123 |  |  | 45 |  |  | — |  |  | 169 |
Total assets | $ | 1,232 |  |  | $ | 1,943 |  |  | $ | 2,447 |  | 200,000 |  | $ | 2,709 |  | 200,000 |  | $ | (4,424 | ) | 200,000 |  | $ | 3,907 |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
Note payable and capital lease obligations | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |
Accounts payable | 1 |  |  | — |  |  | 291 |  |  | 29 |  |  | (1 | ) |  | 320 |
Intercompany payables | — |  |  | — |  |  | — |  |  | 10 |  |  | (10 | ) |  | — |
Other current liabilities | 6 |  |  | 7 |  |  | 62 |  |  | 105 |  |  | (7 | ) |  | 173 |
Total current liabilities | 7 |  |  | 7 |  |  | 356 |  | — |  | 144 |  | — |  | (18 | ) | — |  | 496 |
Long-term liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt and capital lease obligations, net of current portion | — |  |  | 496 |  |  | 42 |  |  | 629 |  |  | — |  |  | 1,167 |
Investment and advances from subsidiaries | — |  |  | — |  |  | 106 |  |  | — |  |  | (106 | ) |  | — |
Deferred income taxes | (24 | ) |  | — |  |  | — |  |  | 386 |  |  | — |  |  | 362 |
Other long-term liabilities | 3 |  |  | — |  |  | 7 |  |  | 4 |  |  | — |  |  | 14 |
Total long-term liabilities | (21 | ) |  | 496 |  |  | 155 |  | — |  | 1,019 |  | — |  | (106 | ) | — |  | 1,543 |
Commitments and contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity: |  |  |  |  |  |  |  |  |  |  |
Total CVR stockholders’ equity | 1,246 |  |  | 1,440 |  |  | 1,936 |  |  | 924 |  |  | (4,300 | ) |  | 1,246 |
Noncontrolling interest | — |  |  | — |  |  | — |  |  | 622 |  |  | — |  |  | 622 |
Total equity | 1,246 |  |  | 1,440 |  |  | 1,936 |  |  | 1,546 |  |  | (4,300 | ) |  | 1,868 |
Total liabilities and equity | $ | 1,232 |  |  | $ | 1,943 |  |  | $ | 2,447 |  | — |  | $ | 2,709 |  | — |  | $ | (4,424 | ) | — |  | $ | 3,907 |
Condensed Consolidating Balance Sheet
| December 31, 2017
| Parent |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Intercompany Elimination |  | Consolidated
(in millions) |  |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 4 |  |  | $ | 163 |  |  | $ | 261 |  |  | $ | 54 |  |  | $ | — |  |  | $ | 482 |
Accounts receivable | — |  |  | — |  |  | 169 |  |  | 10 |  |  | — |  |  | 179 |
Intercompany receivables | 9 |  |  | — |  |  | 8 |  |  | — |  |  | (17 | ) |  | — |
Inventories | — |  |  | — |  |  | 316 |  |  | 53 |  |  | — |  |  | 369 |
Prepaid expenses and other current assets | 13 |  |  | 1 |  |  | 23 |  |  | 18 |  |  | (7 | ) |  | 48 |
Total current assets | 26 |  |  | 164 |  |  | 777 |  | — |  | 135 |  | — |  | (24 | ) | — |  | 1,078 |
Property, plant and equipment, net of accumulated depreciation | — |  |  | — |  |  | 1,513 |  |  | 1,075 |  |  | — |  |  | 2,588 |
Investment in and advances from subsidiaries | 897 |  |  | 1,596 |  |  | 189 |  |  | 1,259 |  |  | (3,941 | ) |  | — |
Other long-term assets | 1 |  |  | 1 |  |  | 91 |  |  | 48 |  |  | — |  |  | 141 |
Total assets | $ | 924 |  |  | $ | 1,761 |  |  | $ | 2,570 |  | — |  | $ | 2,517 |  | — |  | $ | (3,965 | ) | — |  | $ | 3,807 |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
Note payable and capital lease obligations | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
Accounts payable | 1 |  |  | — |  |  | 310 |  |  | 24 |  |  | (1 | ) |  | 334 |
Intercompany payables | — |  |  | — |  |  | — |  |  | 17 |  |  | (17 | ) |  | — |
Other current liabilities | 12 |  |  | 5 |  |  | 151 |  |  | 46 |  |  | (6 | ) |  | 208 |
Total current liabilities | 13 |  |  | 5 |  |  | 463 |  | — |  | 87 |  | — |  | (24 | ) | — |  | 544 |
Long-term liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt and capital lease obligations, net of current portion | — |  |  | 496 |  |  | 42 |  |  | 626 |  |  | — |  |  | 1,164 |
Investment and advances from subsidiaries | — |  |  | — |  |  | 230 |  |  | — |  |  | (230 | ) |  | — |
Deferred income taxes | (8 | ) |  | — |  |  | — |  |  | 394 |  |  | — |  |  | 386 |
Other long-term liabilities | — |  |  | — |  |  | 4 |  |  | 5 |  |  | — |  |  | 9 |
Total long-term liabilities | (8 | ) |  | 496 |  |  | 276 |  | — |  | 1,025 |  | — |  | (230 | ) | — |  | 1,559 |
Commitments and contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity: |  |  |  |  |  |  |  |  |  |  |
Total CVR stockholders’ equity | 919 |  |  | 1,260 |  |  | 1,831 |  |  | 620 |  |  | (3,711 | ) |  | 919 |
Noncontrolling interest | — |  |  | — |  |  | — |  |  | 785 |  |  | — |  |  | 785 |
Total equity | 919 |  |  | 1,260 |  |  | 1,831 |  | — |  | 1,405 |  | — |  | (3,711 | ) | — |  | 1,704 |
Total liabilities and equity | $ | 924 |  |  | $ | 1,761 |  |  | $ | 2,570 |  | — |  | $ | 2,517 |  | — |  | $ | (3,965 | ) | — |  | $ | 3,807 |
Condensed Consolidating Statement of Operations
| Year Ended December 31, 2018
| Parent |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Intercompany Eliminations |  | Consolidated
(in millions) |
Net sales | $ | — |  |  | $ | — |  |  | $ | 6,779 |  |  | $ | 351 |  |  | $ | (6 | ) |  | $ | 7,124 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |
Cost of materials and other | — |  |  | — |  |  | 5,601 |  |  | 88 |  |  | (6 | ) |  | 5,683 |
Direct operating expenses | — |  |  | — |  |  | 364 |  |  | 159 |  |  | — |  |  | 523 |
Depreciation and amortization | — |  |  | — |  |  | 130 |  |  | 72 |  |  | — |  |  | 202 |
Cost of sales | — |  |  | — |  |  | 6,095 |  |  | 319 |  |  | (6 | ) |  | 6,408 |
Selling, general and administrative expenses | 17 |  |  | 1 |  |  | 60 |  |  | 34 |  |  | — |  |  | 112 |
Depreciation and amortization | — |  |  | — |  |  | 8 |  |  | 3 |  |  | — |  |  | 11 |
Loss on asset disposals | — |  |  | — |  |  | 5 |  |  | 1 |  |  | — |  |  | 6 |
Operating income (loss) | (17 | ) |  | (1 | ) |  | 611 |  |  | (6 | ) |  | — |  |  | 587 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |
Interest expense, net | — |  |  | (32 | ) |  | (7 | ) |  | (63 | ) |  | — |  |  | (102 | )
Other income, net | — |  |  | — |  |  | 9 |  |  | 6 |  |  | — |  |  | 15 |
Income (loss) from subsidiaries | 303 |  |  | 611 |  |  | (46 | ) |  | 578 |  |  | (1,446 | ) |  | — |
Income (loss) before income taxes | 286 |  |  | 578 |  |  | 567 |  |  | 515 |  |  | (1,446 | ) |  | 500 |
Income tax expense (benefit) | (3 | ) |  | — |  |  | — |  |  | 92 |  |  | — |  |  | 89 |
Net income (loss) | 289 |  |  | 578 |  |  | 567 |  |  | 423 |  |  | (1,446 | ) |  | 411 |
Less: Net income attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | 122 |  |  | — |  |  | 122 |
Net income (loss) attributable to CVR Energy stockholders | $ | 289 |  |  | $ | 578 |  |  | $ | 567 |  |  | $ | 301 |  |  | $ | (1,446 | ) |  | $ | 289 |
Condensed Consolidating Statement of Operations
| Year Ended December 31, 2017
| Parent |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Intercompany Elimination |  | Consolidated
(in millions) |
Net sales | $ | — |  |  | $ | — |  |  | $ | 5,665 |  |  | $ | 331 |  |  | $ | (8 | ) |  | $ | 5,988 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |
Cost of materials and other | — |  |  | — |  |  | 4,876 |  |  | 85 |  |  | (8 | ) |  | 4,953 |
Direct operating expenses | — |  |  | — |  |  | 441 |  |  | 157 |  |  | — |  |  | 598 |
Depreciation and amortization | — |  |  | — |  |  | 129 |  |  | 74 |  |  | — |  |  | 203 |
Cost of sales | — |  |  | — |  |  | 5,446 |  |  | 316 |  |  | (8 | ) |  | 5,754 |
Selling, general and administrative expenses | 15 |  |  | 1 |  |  | 14 |  |  | 83 |  |  | — |  |  | 113 |
Depreciation and amortization | — |  |  | — |  |  | 8 |  |  | 3 |  |  | — |  |  | 11 |
Loss on asset disposals | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 3 |
Operating income (loss) | (15 | ) |  | (1 | ) |  | 194 |  |  | (71 | ) |  | — |  |  | 107 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |
Interest expense, net | — |  |  | (34 | ) |  | (11 | ) |  | (64 | ) |  | — |  |  | (109 | )
Other income, net | — |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 2 |
Income (loss) from subsidiaries | 246 |  |  | 184 |  |  | (88 | ) |  | 148 |  |  | (490 | ) |  | — |
Income (loss) before income taxes | 231 |  |  | 149 |  |  | 96 |  |  | 14 |  |  | (490 | ) |  | — |
Income tax benefit | (4 | ) |  | — |  |  | — |  |  | (213 | ) |  | — |  |  | (217 | )
Net income (loss) | 235 |  |  | 149 |  |  | 96 |  |  | 227 |  |  | (490 | ) |  | 217 |
Less: Net loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | (18 | ) |  | — |  |  | (18 | )
Net income (loss) attributable to CVR Energy stockholders | $ | 235 |  |  | $ | 149 |  |  | $ | 96 |  |  | $ | 245 |  |  | $ | (490 | ) |  | $ | 235 |
Condensed Consolidating Statement of Operations
| Year Ended December 31, 2016
| Parent |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Intercompany Elimination |  | Consolidated
(in millions) |
Net sales | $ | — |  |  | $ | — |  |  | $ | 4,432 |  |  | $ | 356 |  |  | $ | (6 | ) |  | $ | 4,782 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |
Cost of materials and other | — |  |  | — |  |  | 3,780 |  |  | 93 |  |  | (6 | ) |  | 3,867 |
Direct operating expenses | — |  |  | — |  |  | 392 |  |  | 149 |  |  | — |  |  | 541 |
Depreciation and amortization | — |  |  | — |  |  | 126 |  |  | 58 |  |  | — |  |  | 184 |
Cost of sales | — |  |  | — |  |  | 4,298 |  |  | 300 |  |  | (6 | ) |  | 4,592 |
Selling, general and administrative expenses | 12 |  |  | 1 |  |  | 15 |  |  | 82 |  |  | — |  |  | 110 |
Depreciation and amortization | — |  |  | — |  |  | 6 |  |  | 3 |  |  | — |  |  | 9 |
Loss on asset disposals | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Operating income (loss) | (12 | ) |  | (1 | ) |  | 113 |  |  | (30 | ) |  | — |  |  | 70 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |
Interest expense, net | — |  |  | (32 | ) |  | (2 | ) |  | (49 | ) |  | — |  |  | (83 | )
Other income, net | 5 |  |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | 2 |
Income (loss) from subsidiaries | 26 |  |  | 103 |  |  | (64 | ) |  | 78 |  |  | (143 | ) |  | — |
Income (loss) before income taxes | 19 |  |  | 70 |  |  | 47 |  |  | (4 | ) |  | (143 | ) |  | (11 | )
Income tax benefit | (6 | ) |  | — |  |  | — |  |  | (14 | ) |  | — |  |  | (20 | )
Net income (loss) | 25 |  |  | 70 |  |  | 47 |  |  | 10 |  |  | (143 | ) |  | 9 |
Less: Net loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | (16 | ) |  | — |  |  | (16 | )
Net income (loss) attributable to CVR Energy stockholders | $ | 25 |  |  | $ | 70 |  |  | $ | 47 |  |  | $ | 26 |  |  | $ | (143 | ) |  | $ | 25 |
Condensed Consolidating Statement of Cash Flows
| Year Ended December 31, 2018
| Parent |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Intercompany Elimination |  | Consolidated
(in millions) |  |  |  |  |
Net cash provided by (used in) operating activities | 38 |  |  | (31 | ) |  | 687 |  |  | (77 | ) |  | 3 |  |  | 620 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (3 | ) |  | — |  |  | (79 | ) |  | (20 | ) |  | — |  |  | (102 | )
Investment in affiliates, net of return of investment | 202 |  |  | 630 |  |  | 679 |  |  | 435 |  |  | (1,946 | ) |  | — |
Other investing activities | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Net cash provided by (used in) investing activities | 199 |  |  | 630 |  |  | 600 |  |  | 417 |  |  | (1,946 | ) |  | (100 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
CVR Energy shareholder dividends | (238 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (238 | )
CVR Refining unitholder distributions | — |  |  | — |  |  | (93 | ) |  | — |  |  | — |  |  | (93 | )
Distributions or intercompany advances to other CVR Energy subsidiaries | — |  |  | (422 | ) |  | (1,202 | ) |  | (319 | ) |  | 1,943 |  |  | — |
Other financing activities | — |  |  | — |  |  | (1 | ) |  | (2 | ) |  | — |  |  | (3 | )
Net cash provided by (used in) financing activities | (238 | ) |  | (422 | ) |  | (1,296 | ) |  | (321 | ) |  | 1,943 |  |  | (334 | )
Net increase (decrease) in cash and cash equivalents | (1 | ) |  | 177 |  |  | (9 | ) |  | 19 |  |  | — |  |  | 186 |
Cash and cash equivalents, beginning of period | 4 |  |  | 163 |  |  | 261 |  |  | 54 |  |  | — |  |  | 482 |
Cash and cash equivalents, end of period | $ | 3 |  |  | $ | 340 |  |  | $ | 252 |  |  | $ | 73 |  |  | $ | — |  |  | $ | 668 |
Condensed Consolidating Statement of Cash Flows
| Year Ended December 31, 2017
| Parent |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Intercompany Elimination |  | Consolidated
(in millions) |  |  |  |  |
Net cash provided by (used in) operating activities | (30 | ) |  | (32 | ) |  | 273 |  |  | (33 | ) |  | (10 | ) |  | 168 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (4 | ) |  | — |  |  | (101 | ) |  | (15 | ) |  | — |  |  | (120 | )
Investment in affiliates, net of return of investment | 207 |  |  | 1,083 |  |  | 112 |  |  | 158 |  |  | (1,636 | ) |  | (76 | )
Net cash provided by (used in) investing activities | 203 |  |  | 1,083 |  |  | 11 |  |  | 143 |  |  | (1,636 | ) |  | (196 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
CVR Energy dividends | (174 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (174 | )
CVR Refining unitholder distributions | — |  |  | — |  |  | (47 | ) |  | — |  |  | — |  |  | (47 | )
CVR Partners unitholder distributions | — |  |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Distributions or intercompany advances to other CVR Energy subsidiaries | — |  |  | (1,190 | ) |  | (338 | ) |  | (118 | ) |  | 1,646 |  |  | — |
Other financing activities | — |  |  | — |  |  | (2 | ) |  | (1 | ) |  | — |  |  | (3 | )
Net cash provided by (used in) financing activities | (174 | ) |  | (1,190 | ) |  | (387 | ) |  | (121 | ) |  | 1,646 |  |  | (226 | )
Net decrease in cash and cash equivalents | (1 | ) |  | (139 | ) |  | (103 | ) |  | (11 | ) |  | — |  |  | (254 | )
Cash and cash equivalents, beginning of period | 5 |  |  | 302 |  |  | 364 |  |  | 65 |  |  | — |  |  | 736 |
Cash and cash equivalents, end of period | $ | 4 |  |  | $ | 163 |  |  | $ | 261 |  |  | $ | 54 |  |  | $ | — |  |  | $ | 482 |
Condensed Consolidating Statement of Cash Flows
| Year Ended December 31, 2016
| Parent |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Intercompany Elimination |  | Consolidated
(in millions) |  |  |  |  |
Net cash provided by (used in) operating activities | (29 | ) |  | (26 | ) |  | 380 |  |  | (45 | ) |  | (13 | ) |  | 267 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (10 | ) |  | — |  |  | (102 | ) |  | (21 | ) |  | — |  |  | (133 | )
Acquisition of CVR Nitrogen, net of cash acquired | — |  |  | — |  |  | — |  |  | (64 | ) |  | — |  |  | (64 | )
Investment in affiliates, net of return of investment | 214 |  |  | 227 |  |  | (157 | ) |  | 281 |  |  | (570 | ) |  | (5 | )
Other investing activities | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Net cash provided by (used in) investing activities | 204 |  |  | 227 |  |  | (258 | ) |  | 196 |  |  | (570 | ) |  | (201 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds on issuance of 2023 Notes, net of original issue discount | — |  |  | — |  |  | — |  |  | 629 |  |  | — |  |  | 629 |
Principal and premium payments on 2021 Notes | — |  |  | — |  |  | — |  |  | (322 | ) |  | — |  |  | (322 | )
Payments of revolving debt | — |  |  | — |  |  | — |  |  | (49 | ) |  | — |  |  | (49 | )
Principal payments on CRNF credit facility | — |  |  | — |  |  | — |  |  | (125 | ) |  | — |  |  | (125 | )
CVR Energy shareholder dividends | (174 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (174 | )
CVR Partners unitholder distributions | — |  |  | — |  |  | — |  |  | (42 | ) |  | — |  |  | (42 | )
Distributions or intercompany advances to other CVR Energy subsidiaries | — |  |  | (69 | ) |  | (280 | ) |  | (234 | ) |  | 583 |  |  | — |
Other financing activities | (11 | ) |  | — |  |  | (1 | ) |  | — |  |  | — |  |  | (12 | )
Net cash provided by (used in) financing activities | (185 | ) |  | (69 | ) |  | (281 | ) |  | (143 | ) |  | 583 |  |  | (95 | )
Net increase (decrease) in cash and cash equivalents | (10 | ) |  | 132 |  |  | (159 | ) |  | 8 |  |  | — |  |  | (29 | )
Cash and cash equivalents, beginning of period | 15 |  |  | 170 |  |  | 523 |  |  | 57 |  |  | — |  |  | 765 |
Cash and cash equivalents, end of period | $ | 5 |  |  | $ | 302 |  |  | $ | 364 |  |  | $ | 65 |  |  | $ | — |  |  | $ | 736 |

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