2019 Q2 Form 10-Q Financial Statement
#000137613919000029 Filed on April 25, 2019
Income Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q4 |
---|---|---|---|
Revenue | $1.687B | $1.486B | $1.738B |
YoY Change | -11.91% | -3.26% | 9.1% |
Cost Of Revenue | $1.475B | $1.292B | $1.388B |
YoY Change | -16.57% | -5.97% | -9.19% |
Gross Profit | $212.0M | $194.0M | $350.0M |
YoY Change | 44.22% | 19.75% | 442.64% |
Gross Profit Margin | 12.57% | 13.06% | 20.14% |
Selling, General & Admin | $27.00M | $30.00M | $29.00M |
YoY Change | -12.9% | 25.0% | -7.94% |
% of Gross Profit | 12.74% | 15.46% | 8.29% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $78.00M | $67.00M | $70.00M |
YoY Change | 9.86% | 0.0% | 27.74% |
% of Gross Profit | 36.79% | 34.54% | 20.0% |
Operating Expenses | $27.00M | $30.00M | $99.00M |
YoY Change | -12.9% | 25.0% | 214.29% |
Operating Profit | $192.0M | $160.0M | $124.0M |
YoY Change | 77.78% | 17.65% | -3200.0% |
Interest Expense | -$26.00M | -$26.00M | -$23.00M |
YoY Change | 0.0% | -195.94% | -182.44% |
% of Operating Profit | -13.54% | -16.25% | -18.55% |
Other Income/Expense, Net | $3.000M | $3.000M | $9.000M |
YoY Change | 50.0% | -91.15% | -109.83% |
Pretax Income | $169.0M | $137.0M | $109.0M |
YoY Change | 103.61% | 23.42% | -276.95% |
Income Tax | $41.00M | $35.00M | $14.00M |
% Of Pretax Income | 24.26% | 25.55% | 12.84% |
Net Earnings | $116.0M | $101.0M | $73.00M |
YoY Change | 152.17% | 68.33% | -66.82% |
Net Earnings / Revenue | 6.88% | 6.8% | 4.2% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $1.154M | $1.005M | $735.6K |
COMMON SHARES | |||
Basic Shares Outstanding | 100.5M shares | 100.5M shares | 100.5M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q2 | 2019 Q1 | 2018 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $540.0M | $467.0M | $668.0M |
YoY Change | 1.12% | 11.19% | 38.65% |
Cash & Equivalents | $540.0M | $467.0M | $668.0M |
Short-Term Investments | |||
Other Short-Term Assets | $59.00M | $58.00M | $72.00M |
YoY Change | 9.26% | -49.26% | 113.65% |
Inventory | $390.0M | $403.0M | $380.0M |
Prepaid Expenses | |||
Receivables | $168.0M | $193.0M | $169.0M |
Other Receivables | $0.00 | $4.000M | $4.000M |
Total Short-Term Assets | $1.157B | $1.290B | $1.293B |
YoY Change | -4.46% | 12.46% | 19.94% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.376B | $2.456B | $2.430B |
YoY Change | -4.73% | -3.22% | -5.56% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $297.0M | $333.0M | $277.0M |
YoY Change | 104.83% | 2278.57% | -8.28% |
Total Long-Term Assets | $2.673B | $2.789B | $2.707B |
YoY Change | 1.29% | 4.21% | -5.84% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.157B | $1.290B | $1.293B |
Total Long-Term Assets | $2.673B | $2.789B | $2.707B |
Total Assets | $3.830B | $4.079B | $4.000B |
YoY Change | -0.52% | 6.69% | 1.19% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $323.0M | $359.0M | $320.0M |
YoY Change | -9.27% | 4.45% | -4.19% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | $69.00M | ||
YoY Change | 101.75% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $482.0M | $512.0M | $496.0M |
YoY Change | -18.44% | -1.97% | -8.82% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.190B | $1.191B | $1.167B |
YoY Change | 2.15% | 2.25% | 0.22% |
Other Long-Term Liabilities | $51.00M | $54.00M | $14.00M |
YoY Change | 292.31% | 583.54% | 55.56% |
Total Long-Term Liabilities | $1.642B | $1.624B | $1.561B |
YoY Change | 4.45% | 4.14% | -1.58% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $482.0M | $512.0M | $496.0M |
Total Long-Term Liabilities | $1.642B | $1.624B | $1.561B |
Total Liabilities | $2.124B | $2.136B | $2.057B |
YoY Change | -1.8% | 2.61% | -3.43% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$121.0M | -$162.0M | -$187.0M |
YoY Change | -61.34% | -36.37% | -10.1% |
Common Stock | $1.507B | $1.507B | $1.475B |
YoY Change | 25.79% | 25.74% | 23.12% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $2.000M | $2.000M | $2.000M |
YoY Change | 0.0% | -13.04% | 0.0% |
Treasury Stock Shares | 98.61K shares | 98.61K shares | 98.61K shares |
Shareholders Equity | $1.384B | $1.343B | $1.286B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.830B | $4.079B | $4.000B |
YoY Change | -0.52% | 6.69% | 1.19% |
Cashflow Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $116.0M | $101.0M | $73.00M |
YoY Change | 152.17% | 68.33% | -66.82% |
Depreciation, Depletion And Amortization | $78.00M | $67.00M | $70.00M |
YoY Change | 9.86% | 0.0% | 27.74% |
Cash From Operating Activities | $156.0M | $228.0M | $102.0M |
YoY Change | -23.15% | 776.92% | -163.79% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$37.00M | -$42.00M | -$35.00M |
YoY Change | 76.19% | 100.0% | -9.56% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $36.00M | $0.00 | $1.000M |
YoY Change | 3500.0% | -101.32% | |
Cash From Investing Activities | -$1.000M | -$42.00M | -$34.00M |
YoY Change | -95.0% | 100.0% | -70.33% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $75.00M | $75.00M | $75.00M |
YoY Change | 0.0% | 74.42% | 74.42% |
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $0.00 | ||
YoY Change | |||
Cash From Financing Activities | -82.00M | -$387.0M | -102.0M |
YoY Change | 18.84% | 477.61% | 9.91% |
NET CHANGE | |||
Cash From Operating Activities | 156.0M | $228.0M | 102.0M |
Cash From Investing Activities | -1.000M | -$42.00M | -34.00M |
Cash From Financing Activities | -82.00M | -$387.0M | -102.0M |
Net Change In Cash | 73.00M | -$201.0M | -34.00M |
YoY Change | -35.96% | 224.19% | -90.74% |
FREE CASH FLOW | |||
Cash From Operating Activities | $156.0M | $228.0M | $102.0M |
Capital Expenditures | -$37.00M | -$42.00M | -$35.00M |
Free Cash Flow | $193.0M | $270.0M | $137.0M |
YoY Change | -13.84% | 474.47% | -213.04% |
Facts In Submission
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FinanceLeaseWeightedAverageDiscountRatePercent
|
0.098 | |
CY2019Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P10Y | |
CY2019Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P10Y | |
CY2018Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD |
CY2019Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-2000000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
|
0 | USD |
CY2019Q1 | us-gaap |
Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
|
0 | USD |
CY2019Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
2000000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.096 | |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
111000000 | USD |
CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
137000000 | USD |
CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
18000000 | USD |
CY2018Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
12000000 | USD |
CY2019Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
36000000 | USD |
CY2018Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
0 | USD |
CY2019Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
0 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
58000000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
4000000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
6000000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
9000000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
12000000 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
35000000 | USD |
CY2018Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-27000000 | USD |
CY2019Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-26000000 | USD |
CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
3000000 | USD |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2000000 | USD |
CY2018Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
186000000 | USD |
CY2019Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
184000000 | USD |
CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
380000000 | USD |
CY2019Q1 | us-gaap |
Inventory Net
InventoryNet
|
403000000 | USD |
CY2018Q4 | us-gaap |
Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
|
77000000 | USD |
CY2019Q1 | us-gaap |
Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
|
80000000 | USD |
CY2018Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
105000000 | USD |
CY2019Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
103000000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
14000000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
13000000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
8000000 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4000000000 | USD |
CY2019Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3874000000 | USD |
CY2019Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4079000000 | USD |
CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
496000000 | USD |
CY2019Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
580000000 | USD |
CY2019Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
512000000 | USD |
CY2018Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
1561000000 | USD |
CY2019Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
1636000000 | USD |
CY2019Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
1624000000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
1167000000 | USD |
CY2019Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
1191000000 | USD |
CY2019Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
1190000000 | USD |
CY2018Q4 | us-gaap |
Minority Interest
MinorityInterest
|
657000000 | USD |
CY2019Q1 | us-gaap |
Minority Interest
MinorityInterest
|
315000000 | USD |
CY2018Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
23000000 | USD |
CY2019Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
9000000 | USD |
CY2019Q1 | us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
335000000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-67000000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-387000000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-21000000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-42000000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
26000000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
228000000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
60000000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
101000000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
33000000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1000000 | USD |
CY2019Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment |
CY2019Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
136000000 | USD |
CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
160000000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
4000000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
50000000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
14000000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
40000000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.058 | |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.058 | |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y | |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y | |
CY2018Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
277000000 | USD |
CY2019Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
331000000 | USD |
CY2019Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
333000000 | USD |
CY2018Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
176000000 | USD |
CY2019Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
221000000 | USD |
CY2019Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
192000000 | USD |
CY2018Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
14000000 | USD |
CY2019Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
50000000 | USD |
CY2019Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
54000000 | USD |
CY2018Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-2000000 | USD |
CY2019Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-8000000 | USD |
CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2000000 | USD |
CY2019Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3000000 | USD |
CY2018Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | USD |
CY2019Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | USD |
CY2018Q1 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
23000000 | USD |
CY2019Q1 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
9000000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
43000000 | USD |
CY2018Q4 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
75000000 | USD |
CY2019Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
75000000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
0 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
0 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
20000000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
29000000 | USD |
CY2018Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
0 | USD |
CY2019Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
301000000 | USD |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
72000000 | USD |
CY2019Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
58000000 | USD |
CY2019Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
69000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-1000000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2000000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1704000000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1849000000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1943000000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1658000000 | USD |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
93000000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
102000000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4067000000 | USD |
CY2019Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4107000000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2430000000 | USD |
CY2019Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2418000000 | USD |
CY2019Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2456000000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-187000000 | USD |
CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-162000000 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
1537000000 | USD |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
1486000000 | USD |
CY2018Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
24000000 | USD |
CY2019Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
30000000 | USD |
CY2019Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
2000000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1286000000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1343000000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
2000000 | USD |
CY2018Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
98610 | shares |
CY2019Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
98610 | shares |
CY2018Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
2000000 | USD |
CY2019Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
2000000 | USD |
CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
86800000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
100500000 | shares |
CY2019Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#e5a70f;font-weight:bold;">(2) Basis of Presentation</font><font style="font-family:inherit;font-size:10pt;color:#e5a70f;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These condensed consolidated financial statements should be read in conjunction with the </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> audited consolidated financial statements and notes thereto included in CVR Energy’s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;">, which was filed with the SEC on February 21, 2019 the (the “2018 Form 10-K”). Our condensed consolidated financial statements include the consolidated results of CVR Partners, which is defined as a variable interest entity. </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of the Company’s management, the accompanying condensed consolidated financial statements reflect all adjustments that are necessary to fairly present the financial position of the Company as of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;">, the results of operations of the Company for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> month periods ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> and the cash flows of the Company for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> month periods ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">. Such adjustments are of a normal recurring nature, unless otherwise disclosed. </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made within the condensed consolidated statements of operations for the </font><font style="font-family:inherit;font-size:10pt;">three months ended March 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> to include gain (loss) on derivatives within the Cost of Materials and Other financial statement line item to conform with current presentation. </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates. Results of operations and cash flows for the interim periods presented are not necessarily indicative of the results that will be realized for the year ending </font><font style="font-family:inherit;font-size:10pt;">December 31, 2019</font><font style="font-family:inherit;font-size:10pt;"> or any other interim or annual period.</font></div></div> |