2020 Q1 Form 10-K Financial Statement

#000137613920000015 Filed on February 20, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q3
Revenue $1.130B $1.569B $1.622B
YoY Change -23.96% -9.72% -16.18%
Cost Of Revenue $1.239B $1.398B $1.429B
YoY Change -4.1% 0.72% -17.78%
Gross Profit -$109.0M $172.0M $193.0M
YoY Change -156.19% -50.86% -2.03%
Gross Profit Margin -9.65% 10.96% 11.9%
Selling, General & Admin $24.00M $32.00M $29.00M
YoY Change -20.0% 10.34% 7.41%
% of Gross Profit 18.6% 15.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $64.00M $70.00M $71.00M
YoY Change -4.48% 0.0% 7.58%
% of Gross Profit 40.7% 36.79%
Operating Expenses $24.00M $102.0M $29.00M
YoY Change -20.0% 3.03% 7.41%
Operating Profit -$135.0M $69.00M $159.0M
YoY Change -184.38% -44.35% -3.05%
Interest Expense -$35.00M -$25.00M -$26.00M
YoY Change 34.62% 8.7% 0.0%
% of Operating Profit -36.23% -16.35%
Other Income/Expense, Net $2.000M $3.000M $5.000M
YoY Change -33.33% -66.67% 66.67%
Pretax Income -$137.0M $47.00M $138.0M
YoY Change -200.0% -56.88% -3.5%
Income Tax -$36.00M $19.00M $34.00M
% Of Pretax Income 40.43% 24.64%
Net Earnings -$87.00M $44.00M $119.0M
YoY Change -186.14% -39.73% 48.75%
Net Earnings / Revenue -7.7% 2.8% 7.34%
Basic Earnings Per Share
Diluted Earnings Per Share -$865.7K $437.8K $1.184M
COMMON SHARES
Basic Shares Outstanding 100.5M shares 100.5M shares 100.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $805.0M $652.0M $692.0M
YoY Change 72.38% -2.4% -1.42%
Cash & Equivalents $805.0M $652.0M $692.0M
Short-Term Investments
Other Short-Term Assets $228.0M $67.00M $66.00M
YoY Change 293.1% -6.94% 40.43%
Inventory $211.0M $373.0M $388.0M
Prepaid Expenses
Receivables $152.0M $182.0M $181.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.396B $1.274B $1.327B
YoY Change 8.22% -1.47% -4.53%
LONG-TERM ASSETS
Property, Plant & Equipment $2.325B $2.336B $2.356B
YoY Change -5.33% -3.87% -3.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $404.0M $295.0M $279.0M
YoY Change 21.32% 6.5% 63.16%
Total Long-Term Assets $2.729B $2.631B $2.635B
YoY Change -2.15% -2.81% 0.88%
TOTAL ASSETS
Total Short-Term Assets $1.396B $1.274B $1.327B
Total Long-Term Assets $2.729B $2.631B $2.635B
Total Assets $4.125B $3.905B $3.962B
YoY Change 1.13% -2.38% -1.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $344.0M $412.0M $390.0M
YoY Change -4.18% 28.75% -4.65%
Accrued Expenses $64.00M
YoY Change
Deferred Revenue $38.00M $28.00M
YoY Change -59.42%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M
YoY Change
Total Short-Term Liabilities $504.0M $596.0M $590.0M
YoY Change -1.56% 20.16% -2.32%
LONG-TERM LIABILITIES
Long-Term Debt $1.686B $1.190B $1.190B
YoY Change 41.56% 1.97% 2.06%
Other Long-Term Liabilities $55.00M $55.00M $52.00M
YoY Change 1.85% 292.86% 136.36%
Total Long-Term Liabilities $2.135B $1.641B $1.647B
YoY Change 31.47% 5.12% 7.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $504.0M $596.0M $590.0M
Total Long-Term Liabilities $2.135B $1.641B $1.647B
Total Liabilities $2.639B $2.237B $2.237B
YoY Change 23.55% 8.75% 4.58%
SHAREHOLDERS EQUITY
Retained Earnings -$281.0M -$113.0M -$77.00M
YoY Change 73.46% -39.57% -66.95%
Common Stock $1.508B $1.508B $1.508B
YoY Change 0.07% 2.24% 2.31%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.000M $2.000M $2.000M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 98.61K shares 98.61K shares 98.61K shares
Shareholders Equity $1.225B $1.393B $1.429B
YoY Change
Total Liabilities & Shareholders Equity $4.125B $3.905B $3.962B
YoY Change 1.13% -2.38% -1.0%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$87.00M $44.00M $119.0M
YoY Change -186.14% -39.73% 48.75%
Depreciation, Depletion And Amortization $64.00M $70.00M $71.00M
YoY Change -4.48% 0.0% 7.58%
Cash From Operating Activities -$58.00M $94.00M $269.0M
YoY Change -125.44% -7.84% -9.43%
INVESTING ACTIVITIES
Capital Expenditures -$57.00M -$50.00M -$30.00M
YoY Change 35.71% 42.86% -9.09%
Acquisitions
YoY Change
Other Investing Activities -$1.000M $2.000M $0.00
YoY Change 100.0%
Cash From Investing Activities -$196.0M -$48.00M -$30.00M
YoY Change 366.67% 41.18% -9.09%
FINANCING ACTIVITIES
Cash Dividend Paid $80.00M $80.00M $75.00M
YoY Change 6.67% 6.67%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $500.0M
YoY Change
Cash From Financing Activities $407.0M -86.00M -87.00M
YoY Change -205.17% -15.69% -9.38%
NET CHANGE
Cash From Operating Activities -$58.00M 94.00M 269.0M
Cash From Investing Activities -$196.0M -48.00M -30.00M
Cash From Financing Activities $407.0M -86.00M -87.00M
Net Change In Cash $153.0M -40.00M 152.0M
YoY Change -176.12% 17.65% -9.52%
FREE CASH FLOW
Cash From Operating Activities -$58.00M $94.00M $269.0M
Capital Expenditures -$57.00M -$50.00M -$30.00M
Free Cash Flow -$1.000M $144.0M $299.0M
YoY Change -100.37% 5.11% -9.39%

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CY2019 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
94000000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-21000000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
85000000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-15000000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11000000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1000000 USD
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
9000000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-104000000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-113000000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
3000000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-8000000 USD
CY2017 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
1000000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
747000000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
628000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
248000000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
121000000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
102000000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
120000000 USD
CY2019 cvi Payments For Turnaround Costs
PaymentsForTurnaroundCosts
38000000 USD
CY2018 cvi Payments For Turnaround Costs
PaymentsForTurnaroundCosts
8000000 USD
CY2017 cvi Payments For Turnaround Costs
PaymentsForTurnaroundCosts
80000000 USD
CY2019 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
37000000 USD
CY2018 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1000000 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2019 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
CY2018 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
CY2017 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
76000000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-121000000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-108000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-276000000 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
301000000 USD
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2017 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
306000000 USD
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
238000000 USD
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
174000000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-5000000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-642000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-334000000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-226000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16000000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
186000000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-254000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
668000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
482000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2430000000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
736000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
652000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
668000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
482000000 USD
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 USD
CY2019Q4 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P4Y
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-indent:9pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Reclassifications</span></div><div style="text-indent:18pt;text-align:justify;"><span><br/></span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Certain reclassifications have been made within the consolidated financial statements for the years ended December 31, 2018 and 2017 to conform with current presentation.</span></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="padding-left:9pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span></div><div style="text-indent:18pt;text-align:justify;"><span><br/></span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">These consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”), which requires management to make estimates and assumptions that affect the reported amounts and disclosure of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are reviewed on an ongoing basis, based on currently available information. Changes in facts and circumstances may result in revised estimates, and actual results could differ from those estimates.</span></div>
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
18000000 USD
CY2019Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
83000000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
112000000 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
101000000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
12000000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
177000000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
186000000 USD
CY2018Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
81000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
390000000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
380000000 USD
CY2019Q4 cvi Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
27000000 USD
CY2019Q4 cvi Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
4163000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4067000000 USD
CY2019Q4 cvi Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1827000000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1637000000 USD
CY2019Q4 cvi Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2336000000 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018Q4 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount
0.36
CY2017Q4 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount
0.12
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2430000000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
277000000 USD
CY2018Q4 us-gaap Assets
Assets
4000000000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
380000000 USD
CY2018Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1561000000 USD
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1474000000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-187000000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1286000000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
657000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1943000000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4000000000 USD
CY2018 us-gaap Direct Operating Costs
DirectOperatingCosts
517000000 USD
CY2017 us-gaap Direct Operating Costs
DirectOperatingCosts
516000000 USD
CY2018 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
263000000 USD
CY2017 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
247000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
79000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-220000000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
366000000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
258000000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
107000000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
259000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
263000000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
628000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
248000000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-108000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-276000000 USD
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2018Q4 us-gaap Assets Current
AssetsCurrent
1293000000 USD
CY2019Q1 us-gaap Assets Current
AssetsCurrent
1290000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2430000000 USD
CY2019Q1 cvi Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2456000000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
76000000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
73000000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
277000000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
333000000 USD
CY2018Q4 us-gaap Assets
Assets
4000000000 USD
CY2019Q1 us-gaap Assets
Assets
4079000000 USD
CY2018Q4 cvi Notes Payable Capital Lease Obligations And Other Liabilities Current
NotesPayableCapitalLeaseObligationsAndOtherLiabilitiesCurrent
176000000 USD
CY2019Q1 cvi Notes Payable Capital Lease Obligations And Other Liabilities Current
NotesPayableCapitalLeaseObligationsAndOtherLiabilitiesCurrent
192000000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
496000000 USD
CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
512000000 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
1190000000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
14000000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
54000000 USD
CY2018Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1561000000 USD
CY2019Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1624000000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4000000000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4079000000 USD
CY2019Q1 cvi Lease Right Of Use Asset
LeaseRightOfUseAsset
79000000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14000000 USD
CY2019Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2000000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
40000000 USD
CY2019Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
23000000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
12000000 USD
CY2019Q1 cvi Lease Liability
LeaseLiability
79000000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M24D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2019Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y3M18D
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7000000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
8000000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.089
CY2019Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.098
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
16000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
11000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
11000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
11000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
10000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
10000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
43000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
52000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
96000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4000000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
31000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
48000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
65000000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
47000000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
40000000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
28000000 USD
CY2018Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
28000000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
28000000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
69000000 USD
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
24000000 USD
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
0 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14000000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
9000000 USD
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
9000000 USD
CY2019Q4 cvi Accrued Derivative Liabilities Current
AccruedDerivativeLiabilitiesCurrent
7000000 USD
CY2018Q4 cvi Accrued Derivative Liabilities Current
AccruedDerivativeLiabilitiesCurrent
0 USD
CY2019Q4 cvi Accrued Renewable Fuel Standards Obligation Current
AccruedRenewableFuelStandardsObligationCurrent
7000000 USD
CY2018Q4 cvi Accrued Renewable Fuel Standards Obligation Current
AccruedRenewableFuelStandardsObligationCurrent
4000000 USD
CY2019Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
6000000 USD
CY2018Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
5000000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9000000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18000000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
179000000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
173000000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1190000000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1167000000 USD
CY2019 us-gaap Revenues
Revenues
6364000000 USD
CY2018 us-gaap Revenues
Revenues
7124000000 USD
CY2019 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
19000000 USD
CY2018 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
146000000 USD
CY2017 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-70000000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
6800000 shares
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16000000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19000000 USD
CY2019 cvi Share Based Compensation Arrangement By Share Based Payment Award Payments Made To Settle Awards Upon Vesting
ShareBasedCompensationArrangementByShareBasedPaymentAwardPaymentsMadeToSettleAwardsUponVesting
23000000 USD
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
34000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7000000 USD
CY2018 cvi Share Based Compensation Arrangement By Share Based Payment Award Payments Made To Settle Awards Upon Vesting
ShareBasedCompensationArrangementByShareBasedPaymentAwardPaymentsMadeToSettleAwardsUponVesting
17000000 USD
CY2017 cvi Share Based Compensation Arrangement By Share Based Payment Award Payments Made To Settle Awards Upon Vesting
ShareBasedCompensationArrangementByShareBasedPaymentAwardPaymentsMadeToSettleAwardsUponVesting
16000000 USD
CY2019Q4 cvi Defined Contribution Plans Number
DefinedContributionPlansNumber
2 plan
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.06
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