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Selected Quarterly Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Summary of quarterly financial data | Summarized quarterly financial data for December 31, 2018 and 2017 is as follows:
| Year Ended December 31, 2018
| Quarter
(in millions) | First |  | Second |  | Third |  | Fourth
Net sales | $ | 1,536 |  |  | $ | 1,915 |  |  | $ | 1,935 |  |  | $ | 1,737 |
Cost of materials and other (a) | 1,179 |  |  | 1,560 |  |  | 1,556 |  |  | 1,387 |
Direct operating expenses (a) | 132 |  |  | 141 |  |  | 120 |  |  | 130 |
Operating income | 150 |  |  | 121 |  |  | 179 |  |  | 138 |
Net income | 104 |  |  | 80 |  |  | 121 |  |  | 106 |
Net income attributable to noncontrolling interest | 38 |  |  | 30 |  |  | 31 |  |  | 24 |
Net income attributable to CVR Energy stockholders | $ | 66 |  |  | $ | 50 |  |  | $ | 90 |  |  | $ | 82 |
Basic and diluted earnings per share | $ | 0.76 |  |  | $ | 0.59 |  |  | $ | 0.94 |  |  | $ | 0.82 |
Dividends declared per share | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.75 |  |  | $ | 0.75 |
Weighted-average common shares outstanding - basic and diluted | 86.8 |  |  | 86.8 |  |  | 95.8 |  |  | 100.5 |
| Year Ended December 31, 2017
| Quarter
(in millions) | First |  | Second |  | Third |  | Fourth
Net sales | $ | 1,507 |  |  | $ | 1,434 |  |  | $ | 1,454 |  |  | $ | 1,593 |
Cost of materials and other (a) | 1,209 |  |  | 1,229 |  |  | 1,149 |  |  | 1,366 |
Direct operating expenses (a) | 138 |  |  | 124 |  |  | 162 |  |  | 175 |
Operating income (loss) | 80 |  |  | 1 |  |  | 61 |  |  | (36 | )
Net income (loss) | 38 |  |  | (19 | ) |  | 25 |  |  | 173 |
Net income (loss) attributable to noncontrolling interest | 16 |  |  | (8 | ) |  | 3 |  |  | (27 | )
Net income (loss) attributable to CVR Energy stockholders | $ | 22 |  |  | $ | (11 | ) |  | $ | 22 |  |  | $ | 200 |
Basic and diluted earnings (loss) per share | $ | 0.26 |  |  | $ | (0.12 | ) |  | $ | 0.26 |  |  | $ | 2.31 |
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 |
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(a) | Excludes depreciation and amortization expenses.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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