CVR Energy (CVI) Financials

$3.8 B

Mkt cap, 25-May-2018

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

9 b1.8 b1 b4.8 b

Revenue growth, %

(80%)(45%)373%

Cost of goods sold

4.6 b

Gross profit

208.6 m

Gross profit Margin, %

4%

EBIT

710.5 m264.3 m421.6 m90.9 m

EBIT margin, %

8%14%42%2%

Interest income

1.2 m200 k200 k700 k

Pre tax profit

705.7 m(90.7 m)(98.6 m)(10.9 m)

Income tax expense

183.7 m(21 m)(20.7 m)(19.8 m)

Net Income

522 m309.4 m297.8 m8.9 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

2 b2.4 b2.5 b2.3 b1.4 b1.6 b1.4 b905.5 m1.3 b1.2 b1.5 b1.4 b1.5 b

Cost of goods sold

1.4 b1.4 b1.3 b

Gross profit

99.2 m29.9 m109 m

Gross profit Margin, %

7%2%7%

General and administrative expense

27.7 m26.3 m28 m31.8 m25.3 m27.2 m26.1 m27.2 m26.6 m27.8 m29.1 m26.3 m27.3 m

Operating expense total

1.9 b2.3 b2.4 b2.3 b1.3 b1.4 b1.3 b945.4 m1.2 b1.2 b1.4 b1.4 b1.4 b

EBIT

40.4 m183.5 m164.6 m6.8 m136.6 m274.2 m121.5 m(39.9 m)90.7 m27.2 m67.6 m1.3 m78.9 m

EBIT margin, %

2%7%6%0%10%17%9%(4%)7%2%4%0%5%

Interest income

300 k200 k200 k300 k200 k300 k300 k200 k100 k200 k200 k300 k200 k

Pre tax profit

107.7 m283.1 m189.2 m25.5 m108.7 m250.2 m122 m(52.7 m)65.4 m4.5 m34.5 m

Income tax expense

29.5 m69.4 m45.2 m4.2 m24 m58.1 m23.1 m(21.8 m)21.6 m2.5 m14.8 m(6.6 m)9.2 m

Net Income

78.2 m213.7 m144 m21.3 m84.7 m192.1 m98.9 m(30.9 m)43.8 m2 m38.2 m(19.3 m)25.3 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

842.1 m753.7 m765.1 m

Accounts Receivable

Inventories

526.6 m329.6 m289.9 m68.4 m

Current Assets

1.7 b1.5 b1.3 b1.3 b

Goodwill

41 m41 m41 m

Total Assets

3.7 b3.5 b3.3 b4.1 b

Accounts Payable

377.9 m275 m261.5 m251 m

Short-term debt

125 m

Current Liabilities

501.5 m423.6 m484.8 m565.9 m

Long-term debt

Non-Current Liabilities

1.3 b1.4 b1.2 b1.8 b1.6 b

Total Liabilities

1.8 b1.8 b1.7 b2.3 b

Additional Paid-in Capital

1.1 b1.2 b1.2 b1.2 b

Retained Earnings

76.2 m(184.9 m)(189.2 m)(338.1 m)

Total Equity

1.8 b1.7 b1.6 b1.7 b1.7 b

Financial Leverage

2 x2.1 x2.1 x2.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

887.1 m962.1 m998.7 m793.1 m852.2 m937.7 m1 b

Inventories

680.3 m543.1 m528.7 m516.8 m311.4 m349.5 m284.7 m

Current Assets

2 b1.9 b2 b1.8 b1.5 b1.6 b1.5 b1.2 b1.3 b1.3 b1.3 b1.3 b1.4 b

Goodwill

41 m41 m41 m41 m41 m41 m41 m

Total Assets

3.9 b3.9 b4 b3.8 b3.5 b3.5 b3.5 b3.2 b4.1 b4.1 b4.1 b4 b4 b

Accounts Payable

394.7 m402.8 m397.4 m421.2 m264.6 m284.2 m294.1 m249.6 m241.9 m217.3 m238.5 m235.3 m281.9 m

Short-term debt

125 m125 m

Current Liabilities

573.2 m629.4 m555.6 m574 m424.5 m551.7 m565.5 m474.2 m377 m456.9 m560.4 m605.1 m618.2 m

Non-Current Liabilities

1.3 b1.3 b1.3 b1.3 b1.3 b1.2 b1.2 b1.2 b1.9 b1.8 b1.8 b1.8 b1.8 b

Total Debt

125 m125 m

Additional Paid-in Capital

1.1 b1.1 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b

Retained Earnings

163.4 m137.6 m155.9 m(75.2 m)(173.5 m)(115.1 m)(100.7 m)(248.8 m)(263.8 m)(301.8 m)(359.3 m)(413.2 m)(434.4 m)

Total Equity

2 b2 b2.1 b1.9 b1.7 b1.8 b1.8 b1.5 b1.8 b1.8 b1.7 b1.6 b1.6 b

Financial Leverage

2 x2 x1.9 x2 x2.1 x2 x2 x2.1 x2.2 x2.3 x2.4 x2.5 x2.5 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

522 m309.4 m297.8 m8.9 m

Depreciation and Amortization

142.8 m154.4 m164.1 m184.5 m214 m

Accounts Receivable

(30 m)106 m41 m(47.5 m)

Inventories

1.5 m197 m39.7 m(7.3 m)

Accounts Payable

(38.7 m)(91.8 m)(14.3 m)(10.4 m)

Cash From Operating Activities

440.1 m640.3 m536.8 m267.5 m

Cash From Investing Activities

(250.3 m)(296.6 m)(150.6 m)(201.4 m)(195 m)

Cash From Financing Activities

(243.7 m)(432.1 m)(374.8 m)(95.4 m)

Income Taxes Paid

274.5 m123.5 m57.9 m45.5 m

Free Cash Flow

696.6 m858.7 m755.5 m134.8 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

78.2 m213.7 m144 m21.3 m84.7 m276.8 m375.7 m(30.9 m)12.9 m15 m38.2 m18.9 m44.2 m

Depreciation and Amortization

36.2 m37.3 m38.6 m37.8 m42 m42.5 m38.7 m40 m50.7 m50.1 m48.6 m

Inventories

528.7 m516.8 m311.4 m349.5 m284.7 m

Accounts Payable

397.4 m421.2 m264.6 m284.2 m294.1 m249.6 m241.9 m217.3 m238.5 m
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