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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 230 $ 161
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 145 137
Deferred income tax expense 21 3
(Gain) loss on disposition of assets (7) 5
Share-based compensation 11 12
Other non-cash items 4 1
Changes in assets and liabilities:    
Current assets and liabilities (22) (85)
Non-current assets and liabilities 2 4
Net cash provided by operating activities 384 238
Cash flows from investing activities:    
Capital expenditures (55) (43)
Turnaround expenditures (24) (5)
Proceeds from sale of assets and other investing activities 36 (2)
Net cash provided by (used in) investing activities (43) (50)
Cash flows from financing activities:    
Acquisition of CVR Refining common units (301) 0
Dividends to CVR Energy’s stockholders (150) (87)
Distributions to CVR Refining or CVR Partners’ noncontrolling interest holders (14) (48)
Other financing activities (4) (1)
Net cash provided by (used in) financing activities (469) (136)
Net increase (decrease) in cash and cash equivalents (128) 52
Cash and cash equivalents, beginning of period 668 482
Cash and cash equivalents, end of period $ 540 $ 534