CVI FY 2009 Earnings Report — CVR Energy, Inc. Revenue & Financial Results | Market Cap Arena

CVR Energy, Inc.CVI

FY 2009 Earnings

Reported March 12, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$3.1B	—	$5.0B	—	-37.5%
Op. Income	$208M	—	$149M	—	40.0%
Gross Margin	11.5%	—	6.3%	—	5.2pp
Net Margin	2.2%	—	3.3%	—	-1.1pp
EPS (Diluted)	$0.80	—	$1.90	—	-57.9%
Free Cash Flow	$37M	—	-$3M	—	1221.7%

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$2.8B
GROSS PROFIT	$362M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$69M
Other Expenses	$85M
Operating Expenses	$154M
Cost & Expenses	$2.9B
OPERATING INCOME	$208M
Interest Income	$2M
Interest Expense	$44M
Other Income/Expenses	-$110M
INCOME BEFORE TAX	$99M
Income Tax Expense	$29M
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$85M
EBIT	$143M
EBITDA	$228M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$2.8B
GROSS PROFIT	$362M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$69M
Other Expenses	$85M
Operating Expenses	$154M
Cost & Expenses	$2.9B
OPERATING INCOME	$208M
Interest Income	$2M
Interest Expense	$44M
Other Income/Expenses	-$110M
INCOME BEFORE TAX	$99M
Income Tax Expense	$29M
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$85M
EBIT	$143M
EBITDA	$228M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$69M
Depreciation & Amortization	$87M
Stock-Based Compensation	$8M
Deferred Income Tax	$56M
Other Non-Cash Items	-$53M
Change in Working Capital	-$82M
OPERATING CASH FLOW	$85M
Capital Expenditure	-$49M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$481.0K
NET CASH FROM INVESTING	-$48M
Net Debt Issuance	-$9M
Common Stock Repurchased	-$100.0K
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$9M
FREE CASH FLOW	$37M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$0
Net Receivables	$67M
Inventory	$275M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$426M
PP&E (Net)	$1.1B
Goodwill	$41M
Intangible Assets	$377.0K
Long-Term Investments	-$18M
Tax Assets	$22M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.6B
Account Payables	$106M
Short-Term Debt	$5M
Deferred Revenue	$10M
Other Current Liabilities	$38M
TOTAL CURRENT LIABILITIES	$191M
Long-Term Debt	$475M
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$278M
Other Non-Current Liabilities	-$5M
TOTAL NON-CURRENT LIABILITIES	$759M
TOTAL LIABILITIES	$950M
Common Stock	$863.0K
Additional Paid-In Capital	$446M
Retained Earnings	$207M
Treasury Stock	-$100.0K
Accum. Other Comp. Income	-$305M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$654M
Minority Interest	$11M
TOTAL EQUITY	$664M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$491M
Net Debt	$454M