v3.20.2

Related Party Transactions | 6 Months Ended
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Jun. 30, 2020
Related Party Transactions [Abstract] |
Related Party Transactions | (14) Related Party Transactions Effective January 1, 2020, the Partnership entered into a new Coffeyville Master Service Agreement (the “Coffeyville MSA”) between Coffeyville Resources Nitrogen Fertilizer LLC (“CRNF”) and Coffeyville Resources Refining & Marketing, LLC, an indirect, wholly-owned subsidiary of CVR Energy (“CRRM”), and a new Corporate Master Service Agreement (the “Corporate MSA”) between CVR Services and certain of its affiliates, including CVR GP and the Partnership and its subsidiaries. For a description of these agreements, see Note 9 (“Related Party Transactions”) in Part II, Item 8 of the 2019 Form 10-K. Activity associated with the Partnership’s related party arrangements for the three and six months ended June 30, 2020 and 2019 is summarized below. Related Party Activity
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Sales to related parties (1) | $ | 342 |  |  | $ | — |  |  | $ | 882 |  |  | $ | 2 |
Purchases from related parties (2) | 5,326 |  |  | 7,914 |  |  | 11,264 |  |  | 16,900 |
| June 30, 2020 |  | December 31, 2019
Prepaid expenses (3) | $ | 30 |  |  | $ | 249 |
Due to related parties (4) | 388 |  |  | 7,826 |
(1)Sales to related parties, included in Net sales, consist primarily of sales of feedstocks and services to CRRM under the Coffeyville MSA. (2)Purchases from related parties, included in Cost of materials and other, Direct operating expenses (exclusive of depreciation and amortization), and Selling, general and administrative expenses, consist primarily of pet coke and hydrogen purchased from CRRM under the Coffeyville MSA. (3)Prepaid expenses, included in Prepaid expenses and other current assets, are amounts paid for feedstocks and services provided by CRRM under the Coffeyville MSA. (4)Due to related parties, included in Accounts payable to affiliates, Other current liabilities, and Other long-term liabilities, consist primarily of amounts payable for feedstocks and other supplies and services provided by CRRM and CVR Services under the Coffeyville MSA and Corporate MSA. Property Exchange On October 22, 2019, the audit committee of CVR Energy and the Conflicts Committee of the board of directors of CVR GP each agreed to authorize the exchange of certain parcels of property owned by CRRM with an equal number of parcels owned by CRNF, all located in Coffeyville, Kansas (the “Property Exchange”). On February 19, 2020, CRRM and CRNF executed the Property Exchange agreement. This Property Exchange will enable each such subsidiary to create a more usable, contiguous parcel of land near its own operating footprint. CVR Energy and the Partnership accounted for this transaction in accordance with the ASC 805-50 guidance on transferring assets between entities under common control. This transaction resulted in a net reduction to the Partnership’s partners’ capital of approximately $0.1 million. Distributions to CVR Partners’ Unitholders Distributions, if any, including the payment, amount, and timing thereof, are subject to change at the discretion of the Board. There were no distributions paid by the Partnership during the three and six months ended June 30, 2020 related to the fourth quarter of 2019 or first quarter of 2020, and no distributions were declared for the second quarter of 2020. The following table presents distributions paid by the Partnership to CVR Partners’ unitholders, including amounts paid to CVR Energy, during 2019.
|  |  |  |  |  | Distributions Paid (in thousands) |  |  |  |
Related Period |  | Date Paid |  | Distribution Per Common Unit |  | Public Unitholders |  | CVR Energy |  | Total
2018 - 4th Quarter |  | March 11, 2019 |  | $ | 0.12 |  |  | $ | 8,924 |  |  | $ | 4,670 |  |  | $ | 13,594 |
2019 - 1st Quarter |  | May 13, 2019 |  | 0.07 |  |  | 5,205 |  |  | 2,724 |  |  | 7,929 |
2019 - 2nd Quarter |  | August 12, 2019 |  | 0.14 |  |  | 10,411 |  |  | 5,449 |  |  | 15,860 |
2019 - 3rd Quarter |  | November 11, 2019 |  | 0.07 |  |  | 5,205 |  |  | 2,724 |  |  | 7,930 |
Total distributions |  |  |  | $ | 0.40 |  |  | $ | 29,745 |  |  | $ | 15,567 |  |  | $ | 45,313 |

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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