XML 43 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (including $156 and $113, respectively, of consolidated variable interest entity (“VIE”)) $ 893 $ 510
Accounts receivable (including $36 and $88, respectively, of VIE) 418 299
Inventories (including $85 and $52, respectively, of VIE) 722 484
Prepaid expenses and other current assets (including $6 and $9, respectively, of VIE) 86 76
Total current assets 2,119 1,369
Property, plant and equipment, net (including $821 and $850, respectively, of VIE) 2,252 2,273
Other long-term assets (including $14 and $14, respectively, of VIE) 300 264
Total assets 4,671 3,906
Current liabilities:    
Accounts payable (including $62 and $50, respectively, of VIE) 666 409
Other current liabilities (including $34 and $111, respectively, of VIE) 1,029 747
Total current liabilities 1,695 1,156
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $547 and $611, respectively, of VIE) 1,588 1,654
Deferred income taxes 257 268
Other long-term liabilities (including $15 and $12, respectively, of VIE) 71 58
Total long-term liabilities 1,916 1,980
Commitments and contingencies (See Note 12)
CVR Energy stockholders’ equity:    
Common stock, $0.01 par value per share; 350,000,000 shares authorized; 100,629,209 and 100,629,209 shares issued as of June 30, 2022 and December 31, 2021, respectively 1 1
Additional paid-in-capital 1,508 1,510
Accumulated deficit (738) (956)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 769 553
Noncontrolling interest 291 217
Total equity 1,060 770
Total liabilities and equity $ 4,671 $ 3,906