Guarantor (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

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	—		—		1,410		1,020		—			2,430
Investment in and advances from subsidiaries	1,263		1,694		173		1,533		(4,663		)	—
Other long-term assets	—		1		231		45		—			277
Total assets	$	1,303	$	2,036	$	2,540	$	2,802	$	(4,681	)	$	4,000
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	7		—		—		373		—			380
Other long-term liabilities	3		—		7		4		—			14
Total long-term liabilities	10		496		155		1,006		(106		)	1,561
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	1,286		1,533		2,029		995		(4,557		)	1,286
Noncontrolling interest	—		—		—		657		—			657
Total equity	1,286		1,533		2,029		1,652		(4,557		)	1,943
Total liabilities and equity	$	1,303	$	2,036	$	2,540	$	2,802	$	(4,681	)	$	4,000

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	—		—		1,498		1,075		—			2,573
Investment in and advances from subsidiaries	998		1,743		189		1,404		(4,334		)	—
Other long-term assets	1		1		252		48		—			302
Total assets	$	1,025	$	1,908	$	2,716	$	2,662	$	(4,358	)	$	3,953
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	24		—		—		389		—			413
Other long-term liabilities	—		—		4		5		—			9
Total long-term liabilities	24		496		276		1,020		(230		)	1,586
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	988		1,407		1,977		720		(4,104		)	988
Noncontrolling interest	—		—		—		835		—			835
Total equity	988		1,407		1,977		1,555		(4,104		)	1,823
Total liabilities and equity	$	1,025	$	1,908	$	2,716	$	2,662	$	(4,358	)	$	3,953

Guarantor Consolidated Statement of Operations

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	—			—			358			159			—			517
Depreciation and amortization	—			—			191			72			—			263
Cost of sales	—			—			6,150			319			(6		)	6,463
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		)	556			(6		)	—			532
Other income (expense):
Interest expense, net	—			(32		)	(7		)	(63		)	—			(102		)
Other income, net	—			—			9			6			—			15
Income (loss) from subsidiaries	273			558			(46		)	524			(1,309		)	—
Income (loss) before income taxes	256			525			512			461			(1,309		)	445
Income tax expense (benefit)	(3		)	—			—			82			—			79
Net income (loss)	259			525			512			379			(1,309		)	366
Less: Net income attributable to noncontrolling interest	—			—			—			107			—			107
Net income (loss) attributable to CVR Energy stockholders	$	259		$	525		$	512		$	272		$	(1,309	)	$	259

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	—			—			359			157			—			516
Depreciation and amortization	—			—			173			74			—			247
Cost of sales	—			—			5,408			316			(8		)	5,716
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		)	232			(71		)	—			145
Other income (expense):
Interest expense, net	—			(34		)	(11		)	(64		)	—			(109		)
Other income, net	—			—			1			1			—			2
Income (loss) from subsidiaries	272			222			(88		)	186			(592		)	—
Income (loss) before income taxes	257			187			134			52			(592		)	38
Income tax benefit	(6		)	—			—			(214		)	—			(220		)
Net income (loss)	263			187			134			266			(592		)	258
Less: Net loss attributable to noncontrolling interest	—			—			—			(5		)	—			(5		)
Net income (loss) attributable to CVR Energy stockholders	$	263		$	187		$	134		$	271		$	(592	)	$	263

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	—			—			3,779			93			(5		)	3,867
Direct operating expenses	—			—			354			149			—			503
Depreciation and amortization	—			—			162			58			—			220
Cost of sales	—			—			4,295			300			(5		)	4,590
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		)	116			(30		)	(1		)	72
Other income (expense):
Interest expense, net	—			(32		)	(2		)	(49		)	—			(83		)
Other income, net	5			—			—			(3		)	—			2
Income (loss) from subsidiaries	27			105			(64		)	79			(147		)	—
Income (loss) before income taxes	20			72			50			(3		)	(148		)	(9		)
Income tax benefit	(5		)	—			—			(14		)	—			(19		)
Net income (loss)	25			72			50			11			(148		)	10
Less: Net loss attributable to noncontrolling interest	—			—			—			(15		)	—			(15		)
Net income (loss) attributable to CVR Energy stockholders	$	25		$	72		$	50		$	26		$	(148	)	$	25

Guarantor Consolidated Statement of Cash Flows

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	37			(31		)	695			(74		)	1			628

Cash flows from investing activities:
Capital expenditures	(3		)	—			(79		)	(20		)	—			(102		)
Turnaround expenditures	—			—			(8		)	—			—			(8		)
Investment in affiliates, net of return of investment	203			630			679			432			(1,944		)	—
Other investing activities	—			—			—			2			—			2
Net cash provided by (used in) investing activities	200			630			592			414			(1,944		)	(108		)

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	(29		)	(32		)	392			(73		)	(10		)	248

Cash flows from investing activities:
Capital expenditures	(4		)	—			(101		)	(15		)	—			(120		)
Turnaround expenditures	—			—			(80		)	—			—			(80		)
Investment in affiliates, net of return of investment	206			1,083			73			198			(1,636		)	(76		)
Net cash provided by (used in) investing activities	202			1,083			(108		)	183			(1,636		)	(276		)

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	(30		)	(26		)	444			(38		)	(13		)	337

Cash flows from investing activities:
Capital expenditures	(10		)	—			(100		)	(23		)	—			(133		)
Turnaround expenditures	—			—			(70		)	—			—			(70		)
Acquisition of CVR Nitrogen, net of cash acquired	—			—			—			(64		)	—			(64		)
Investment in affiliates, net of return of investment	215			227			(155		)	278			(570		)	(5		)
Other investing activities	—			—			3			(2		)	—			1
Net cash provided by (used in) investing activities	205			227			(322		)	189			(570		)	(271		)

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