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Business Segments
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Business Segments
(14) Business Segments

CVR Energy’s revenues are derived from two operating segments: the Petroleum Segment and the Nitrogen Fertilizer Segment. The Company evaluates the performance of its segments based primarily on segment operating income and Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”). For the purposes of the operating segment disclosure, the Company presents operating income as it is the most comparable measure to the amounts presented on the condensed consolidated statements of operations. The other amounts reflect intercompany eliminations, corporate cash and cash equivalents, income tax activities, and other corporate activities that are not allocated to the operating segments.

The following table summarizes certain operating results and capital expenditures information by segment:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in millions)2020201920202019
Net sales
Petroleum$572  $1,552  $1,629  $2,949  
Nitrogen Fertilizer105  138  180  230  
Other(2) (3) (3) (6) 
Total$675  $1,687  $1,806  $3,173  
Operating income (loss)
Petroleum$ $163  $(122) $319  
Nitrogen Fertilizer(26) 35  (31) 44  
Other(5) (6) (7) (11) 
Total(26) 192  (160) 352  
Interest expense, net(31) (26) (67) (52) 
Investment income from marketable securities21  —  52  —  
Other (loss) income, net(1)  —   
(Loss) income before income taxes$(37) $169  $(175) $306  
Depreciation and amortization
Petroleum$50  $52  $99  $101  
Nitrogen Fertilizer24  25  39  42  
Other—   —   
Total$74  $78  $138  $145  
Capital expenditures (1)
Petroleum$22  $17  $63  $38  
Nitrogen Fertilizer    
Other    
Total$26  $22  $73  $46  

The following table summarizes total assets by segment:
(in millions)June 30, 2020December 31, 2019
Petroleum$2,872  $3,187  
Nitrogen Fertilizer1,043  1,138  
Other (2)13  (420) 
Total Assets$3,928  $3,905  

(1)Capital expenditures are shown exclusive of capitalized turnaround expenditures.
(2)Includes elimination of intercompany assets and net cash proceeds from the Notes issued during the six months ended June 30, 2020.