Related Party Transactions

9 Months Ended

Sep. 30, 2019

(14) Related Party Transactions

Activity associated with the Company’s related party arrangements for the three and nine months ended September 30, 2019 and 2018 is summarized below:

Expenses from related parties



	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2019		2018		2019		2018
Cost of materials and other
Joint Venture Transportation Agreement:
Enable	$	3	$	2	$	8	$	6
American Railcar Industries, Inc.	—		—		—		1
Payments made
Tax Allocation Agreement:
American Entertainment Properties Corporation	$	—	$	5	$	—	$	13

Amounts due from related parties



(in millions)	September 30, 2019		December 31, 2018
Tax Allocation Agreement:
American Entertainment Properties Corporation	$	—	$	4

Dividends to CVR Energy Stockholders

The following table presents dividends paid to the Company’s stockholders, including IEP, as of September 30, 2019.



				Dividends Paid (in millions)
Related Period	Date Paid	Dividend Per Share		Stockholders		IEP		Total
2018 - 4th Quarter	March 11, 2019	$	0.75	$	21	$	54	$	75
2019 - 1st Quarter	May 13, 2019	0.75		21		54		75
2019 - 2nd Quarter	August 12, 2019	0.75		21		54		75
Total		$	2.25	$	63	$	162	$	225

For the third quarter of 2019, the Company, upon approval by the Company’s Board of Directors on October 23, 2019, declared a cash dividend of $0.80 per share, or $80 million, which is payable on November 12, 2019 to shareholders of record as of November 4, 2019. Of this amount, IEP will receive $57 million due to its ownership interest in the Company’s shares.

Dividends, if any, including the payment, amount and timing thereof, are subject to change at the discretion of the Company’s Board of Directors.

Distributions to CVR Partners’ Unitholders

The following table presents distributions paid by CVR Partners to CVR Partners’ unitholders, including amounts received by the Company, as of September 30, 2019.



				Dividends Paid (in millions)
Related Period	Date Paid	Dividend Per Common Unit		Unitholders		CVR Energy		Total
2018 - 4th Quarter	March 11, 2019	$	0.12	$	9	$	5	$	14
2019 - 1st Quarter	May 13, 2019	0.07		5		3		8
2019 - 2nd Quarter	August 12, 2019	0.14		11		5		16
Total		$	0.33	$	25	$	13	$	38

For the third quarter of 2019, CVR Partners, upon approval by the Board of Directors of CVR Partners’ general partner on October 22, 2019, declared a distribution of $0.07 per common unit, or $8 million, which will be paid on November 12, 2019 to unitholders of record as of November 4, 2019. Of this amount, we will receive approximately $3 million, with the remaining amount payable to public unitholders.

Distributions, if any, including the payment, amount and timing thereof, are subject to change at the discretion of the Board of Directors of CVR Partners’ general partner.