CVI FY 2010 Earnings Report — CVR Energy, Inc. Revenue & Financial Results | Market Cap Arena

CVR Energy, Inc.CVI

FY 2010 Earnings

Reported March 7, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$4.1B	—	$3.1B	—	30.1%
Op. Income	$93M	—	$208M	—	-55.3%
Gross Margin	4.5%	—	11.5%	—	-7.0pp
Net Margin	0.4%	—	2.2%	—	-1.9pp
EPS (Diluted)	$0.16	—	$0.80	—	-80.0%
Free Cash Flow	$193M	—	$37M	—	428.8%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$3.9B
GROSS PROFIT	$185M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$92M
Other Expenses	$0
Operating Expenses	$92M
Cost & Expenses	$4.0B
OPERATING INCOME	$93M
Interest Income	$2M
Interest Expense	$50M
Other Income/Expenses	-$65M
INCOME BEFORE TAX	$28M
Income Tax Expense	$14M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$87M
EBIT	$78M
EBITDA	$165M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$3.9B
GROSS PROFIT	$185M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$92M
Other Expenses	$0
Operating Expenses	$92M
Cost & Expenses	$4.0B
OPERATING INCOME	$93M
Interest Income	$2M
Interest Expense	$50M
Other Income/Expenses	-$65M
INCOME BEFORE TAX	$28M
Income Tax Expense	$14M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$87M
EBIT	$78M
EBITDA	$165M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$87M
Stock-Based Compensation	$37M
Deferred Income Tax	-$770.0K
Other Non-Cash Items	$23M
Change in Working Capital	$65M
OPERATING CASH FLOW	$225M
Capital Expenditure	-$32M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	-$22M
Common Stock Repurchased	-$215.0K
Common Dividends Paid	$0
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$31M
FREE CASH FLOW	$193M
Net Change in Cash	$163M

Balance Sheet

Item	Amount
Cash & Equivalents	$200M
Short-Term Investments	$0
Net Receivables	$80M
Inventory	$247M
Other Current Assets	$72M
TOTAL CURRENT ASSETS	$200M
PP&E (Net)	$1.1B
Goodwill	$41M
Intangible Assets	$344.0K
Long-Term Investments	$370M
Tax Assets	$43M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.7B
Account Payables	$155M
Short-Term Debt	$8M
Deferred Revenue	$19M
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$477M
Long-Term Debt	$469M
Deferred Revenue NC	-$198M
Deferred Tax Liabilities	$299M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$574M
TOTAL LIABILITIES	$1.1B
Common Stock	$864.0K
Additional Paid-In Capital	$468M
Retained Earnings	$221M
Treasury Stock	-$243.0K
Accum. Other Comp. Income	$2.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$690M
Minority Interest	$11M
TOTAL EQUITY	$700M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$477M
Net Debt	$277M