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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 392 $ (57)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 140 138
Gain on marketable securities 0 (83)
Deferred income taxes (10) (102)
Loss on asset disposal 0 2
Loss on extinguishment of debt 1 8
Share-based compensation 36 20
Loss on derivatives, net 15 7
Other items 2 4
Changes in assets and liabilities:    
Current assets and liabilities 135 301
Non-current assets and liabilities 1 5
Net cash provided by operating activities 712 243
Cash flows from investing activities:    
Capital expenditures (88) (126)
Turnaround expenditures (68) (2)
Acquisition of pipeline assets 0 (20)
Proceeds from sale of assets 0 6
Other investing activities 0 1
Net cash used in investing activities (156) (141)
Cash flows from financing activities:    
Proceeds from issuance of senior secured notes 0 550
Principal payments on senior secured notes (65) (552)
Repurchase of common units by CVR Partners (12) (1)
Dividends to CVR Energy’s stockholders (40) (241)
Distributions to CVR Partners’ noncontrolling interest holders (51) 0
Other financing activities (5) (6)
Net cash used in financing activities (173) (250)
Net increase (decrease) in cash, cash equivalents and restricted cash 383 (148)
Cash, cash equivalents and restricted cash, beginning of period 517 674
Cash, cash equivalents and restricted cash, end of period $ 900 $ 526