Related Party Transactions

3 Months Ended

Mar. 31, 2021

(15) Related Party Transactions

Activity associated with the Company’s related party arrangements for the three months ended March 31, 2021 and 2020 is summarized below:

Expenses from Related Parties


	Three Months Ended March 31,
(in millions)		2021		2020
Cost of materials and other
Joint Venture Transportation Agreement:
Enable		$	3	$	3


Payments made

Dividends (1)		—		57

(1)See below for a summary of the dividends paid to IEP for the three months ended March 31, 2021 and year ended December 31, 2020.

Dividends to CVR Energy Stockholders

Dividends, if any, including the payment, amount and timing thereof, are subject to change at the discretion of CVR Energy’s board of directors (the “Board”). IEP, through its ownership of the Company’s common stock, is entitled to receive dividends that are declared and paid by the Company based on the number of shares held at each record date. There were no dividends declared or paid by the Company during the three months ended March 31, 2021 related to the fourth quarter of 2020, and no dividends were declared for the first quarter of 2021.

The following table presents dividends paid to the Company’s stockholders, including IEP, during 2020 (amounts presented in tables below may not add to totals presented due to rounding).


				Dividends Paid (in millions)
Related Period	Date Paid	Dividend Per Share		Stockholders		IEP		Total
2019 - 4th Quarter	March 9, 2020	$	0.80	$	23	$	57	$	80
2020 - 1st Quarter	May 26, 2020	0.40		12		28		40

Total		$	1.20	$	35	$	85	$	121

Distributions to CVR Partners’ Unitholders

Distributions, if any, including the payment, amount and timing thereof, are subject to change at the discretion of the UAN GP Board. There were no distributions declared or paid by CVR Partners during the three months ended March 31, 2021 related to the fourth quarter of 2020, and no distributions were paid during 2020. No distributions were declared for the first quarter of 2021.