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SEC Filings

8-K
CVR ENERGY INC filed this Form 8-K on 09/04/2018
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Non-GAAP Financial Measures LTM June 30, ($ in millions) 2014 2015 2016 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018 2018 Net income (loss) attributable to CVR Energy Stockholders$             174 $            170 $               25 $             234 $                22 $              201 $                66 $                51 $               340 Interest expense and other financing costs, net of interest income                  39                  47                  83                 109                   27                   27                   26                   27                  107 Income tax expense                  98                  85                (20)               (217)                      9               (235)                   21                   17                 (188) Depreciation and amortization               154               164                193                 214                   54                   55                   53                   55                  217 Adjustments attributable to noncontrolling interest                (65)                (75)              (127)               (151)                  (37)                  (38)                  (36)                  (39)                 (150) EBITDA $            400 $            391 $            154 $             190 $                75 $                10 $              130 $              111 $               326 FIFO impact, (favorable) unfavorable               161                  60                (52)                 (30)                  (15)                  (30)                  (20)                  (22)                   (87) Share based compensation                  12                  13                    ‐                     ‐                       ‐                       ‐                       ‐                       ‐                         ‐ Major scheduled turnaround expenses                    7               109                  38                   83                   24                   43                       ‐                      6                     73 Loss on extinguishment of debt                  ‐                   ‐                    5                     ‐                       ‐                       ‐                       ‐                       ‐                         ‐ Gain on derivatives, net              (186)                  29                  19                   70                   17                   65                  (60)                  (10)                     12 Current period settlements on derivative contracts               122                (26)                  36                 (17)                       ‐                  (18)                   14                   17                     13 Flood insurance recovery                  ‐                (27)                    ‐                     ‐                       ‐                       ‐                       ‐                       ‐                         ‐ Expenses associated with the East Dubuque Merger                  ‐                    2                    3                     ‐                       ‐                       ‐                       ‐                       ‐                         ‐ Insurance recovery ‐ business interruption                  ‐                   ‐                   (2)                    (1)                    (1)                       ‐                       ‐                       ‐                     (1) Adjustments attributable to noncontrolling interest                (43)                (52)                (20)                 (37)                    (9)                  (21)                   22                      1                     (7) Adjusted EBITDA$             474 $            499 $            182 $             258 $                91 $                49 $                86 $              103 $               329 In USD Millions, except per bbl data LTM June  3Q 2017 4Q 2017 1Q 2018 2Q 2018 30, 2018 Direct operating expenses$               121 $                135 $                93 $                94 $              442 Major turnaround expenses                  (22)                    (43)                   ‐                   ‐                  (65) Direct operating expenses excluding turnaround$                 99 $                   92 $                93 $                94 $              378 Throughput (bpd)         213,606           203,263         188,368         216,665 Total Throughput (mm bbls)                    20                      19                    17                    20                   75 Direct operating expenses excluding turnaround expenses per total throughput barrel$             5.04 26


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