XML 71 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net sales $ 7,610 $ 9,247 $ 10,896
Operating costs and expenses:      
Cost of materials and other 6,448 7,013 8,766
Direct operating expenses (exclusive of depreciation and amortization) 667 670 719
Depreciation and amortization 290 291 281
Cost of sales 7,405 7,974 9,766
Selling, general and administrative expenses (exclusive of depreciation and amortization) 139 141 149
Depreciation and amortization 8 7 7
Loss on asset disposals 0 2 11
Operating income 58 1,123 963
Other (expense) income:      
Interest expense, net (77) (52) (85)
Other income (expense), net 38 14 (77)
Income before income tax expense 19 1,085 801
Income tax (benefit) expense (26) 207 157
Net income 45 878 644
Less: Net income attributable to noncontrolling interest 38 109 181
Net income attributable to CVR Energy stockholders $ 7 $ 769 $ 463
Basic earnings per share (in dollars per share) $ 0.06 $ 7.65 $ 4.60
Diluted earnings per share (in dollars per share) $ 0.06 $ 7.65 $ 4.60
Weighted-average common shares outstanding:      
Basic (in shares) 100.5 100.5 100.5
Diluted (in shares) 100.5 100.5 100.5