CVR Partners LP
NYSE:UAN
Income Statement
Earnings Waterfall
CVR Partners LP
Income Statement
CVR Partners LP
| Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
1
|
3
|
4
|
5
|
5
|
4
|
4
|
4
|
4
|
5
|
6
|
7
|
7
|
7
|
7
|
7
|
7
|
7
|
7
|
7
|
21
|
35
|
49
|
63
|
63
|
63
|
0
|
47
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
181
N/A
|
200
+11%
|
224
+12%
|
255
+14%
|
303
+19%
|
324
+7%
|
325
+0%
|
322
-1%
|
302
-6%
|
305
+1%
|
313
+2%
|
307
-2%
|
324
+5%
|
323
0%
|
311
-4%
|
308
-1%
|
299
-3%
|
311
+4%
|
315
+1%
|
298
-6%
|
289
-3%
|
269
-7%
|
308
+14%
|
337
+9%
|
356
+6%
|
369
+3%
|
347
-6%
|
338
-3%
|
331
-2%
|
325
-2%
|
321
-1%
|
331
+3%
|
351
+6%
|
363
+3%
|
408
+12%
|
416
+2%
|
404
-3%
|
388
-4%
|
355
-8%
|
346
-3%
|
350
+1%
|
336
-4%
|
369
+10%
|
434
+18%
|
533
+23%
|
695
+30%
|
801
+15%
|
812
+1%
|
836
+3%
|
839
+0%
|
778
-7%
|
752
-3%
|
681
-9%
|
583
-14%
|
533
-9%
|
527
-1%
|
525
0%
|
541
+3%
|
576
+7%
|
615
+7%
|
606
-1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(121)
|
(124)
|
(123)
|
(126)
|
(129)
|
(134)
|
(135)
|
(137)
|
(142)
|
(139)
|
(146)
|
(151)
|
(152)
|
(165)
|
(171)
|
(176)
|
(171)
|
(175)
|
(169)
|
(176)
|
(171)
|
(161)
|
(211)
|
(216)
|
(242)
|
(260)
|
(229)
|
(237)
|
(241)
|
(245)
|
(252)
|
(247)
|
(248)
|
(245)
|
(250)
|
(265)
|
(268)
|
(268)
|
(259)
|
(250)
|
(249)
|
(245)
|
(262)
|
(276)
|
(297)
|
(333)
|
(343)
|
(407)
|
(401)
|
(405)
|
(404)
|
(355)
|
(369)
|
(356)
|
(340)
|
(333)
|
(318)
|
(320)
|
(340)
|
(341)
|
(361)
|
|
| Gross Profit |
60
N/A
|
75
+26%
|
101
+34%
|
129
+28%
|
174
+35%
|
190
+9%
|
189
0%
|
186
-2%
|
161
-14%
|
166
+3%
|
167
+0%
|
156
-6%
|
172
+10%
|
158
-8%
|
140
-11%
|
133
-5%
|
128
-4%
|
136
+7%
|
146
+7%
|
122
-16%
|
118
-3%
|
108
-8%
|
97
-10%
|
122
+25%
|
114
-6%
|
109
-5%
|
117
+8%
|
101
-14%
|
90
-11%
|
81
-10%
|
69
-14%
|
85
+22%
|
103
+22%
|
118
+14%
|
157
+33%
|
152
-4%
|
136
-10%
|
119
-13%
|
96
-19%
|
96
0%
|
101
+5%
|
91
-10%
|
107
+17%
|
158
+48%
|
236
+49%
|
362
+54%
|
457
+26%
|
405
-11%
|
435
+7%
|
434
0%
|
374
-14%
|
397
+6%
|
312
-21%
|
227
-27%
|
193
-15%
|
195
+1%
|
207
+6%
|
221
+7%
|
236
+7%
|
274
+16%
|
245
-10%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(39)
|
(44)
|
(47)
|
(48)
|
(41)
|
(40)
|
(42)
|
(44)
|
(45)
|
(45)
|
(45)
|
(46)
|
(47)
|
(47)
|
(47)
|
(47)
|
(45)
|
(45)
|
(45)
|
(47)
|
(49)
|
(51)
|
(65)
|
(76)
|
(87)
|
(101)
|
(96)
|
(98)
|
(100)
|
(100)
|
(101)
|
(98)
|
(97)
|
(98)
|
(102)
|
(104)
|
(106)
|
(103)
|
(99)
|
(97)
|
(94)
|
(93)
|
(93)
|
(95)
|
(100)
|
(108)
|
(108)
|
(115)
|
(114)
|
(109)
|
(108)
|
(109)
|
(109)
|
(113)
|
(113)
|
(113)
|
(117)
|
(116)
|
(118)
|
(115)
|
(115)
|
|
| Selling, General & Administrative |
(21)
|
(26)
|
(28)
|
(29)
|
(22)
|
(20)
|
(22)
|
(23)
|
(24)
|
(24)
|
(22)
|
(22)
|
(21)
|
(20)
|
(20)
|
(19)
|
(18)
|
(18)
|
(17)
|
(19)
|
(21)
|
(23)
|
(26)
|
(28)
|
(29)
|
(30)
|
(27)
|
(26)
|
(26)
|
(25)
|
(26)
|
(26)
|
(25)
|
(26)
|
(26)
|
(26)
|
(26)
|
(24)
|
(22)
|
(20)
|
(18)
|
(19)
|
(21)
|
(23)
|
(27)
|
(29)
|
(30)
|
(31)
|
(32)
|
(31)
|
(31)
|
(31)
|
(30)
|
(29)
|
(28)
|
(28)
|
(28)
|
(29)
|
(31)
|
(32)
|
(34)
|
|
| Depreciation & Amortization |
(19)
|
(18)
|
(18)
|
(19)
|
(19)
|
(20)
|
(20)
|
(21)
|
(21)
|
(21)
|
(22)
|
(24)
|
(26)
|
(27)
|
(27)
|
(27)
|
(27)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(39)
|
(48)
|
(58)
|
(67)
|
(69)
|
(72)
|
(74)
|
(75)
|
(75)
|
(72)
|
(72)
|
(72)
|
(76)
|
(79)
|
(80)
|
(79)
|
(77)
|
(77)
|
(76)
|
(75)
|
(72)
|
(72)
|
(74)
|
(79)
|
(79)
|
(84)
|
(82)
|
(78)
|
(76)
|
(78)
|
(80)
|
(84)
|
(84)
|
(85)
|
(88)
|
(87)
|
(88)
|
(83)
|
(82)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
20
N/A
|
31
+53%
|
54
+73%
|
81
+49%
|
133
+65%
|
150
+13%
|
147
-2%
|
142
-3%
|
116
-19%
|
121
+4%
|
122
+1%
|
111
-9%
|
125
+12%
|
111
-11%
|
93
-16%
|
86
-7%
|
83
-4%
|
91
+10%
|
101
+11%
|
75
-26%
|
69
-8%
|
57
-17%
|
32
-44%
|
46
+44%
|
27
-42%
|
8
-72%
|
21
+177%
|
3
-88%
|
(10)
N/A
|
(19)
-88%
|
(32)
-67%
|
(13)
+58%
|
7
N/A
|
20
+197%
|
55
+177%
|
47
-14%
|
31
-35%
|
16
-48%
|
(3)
N/A
|
(1)
+67%
|
7
N/A
|
(2)
N/A
|
13
N/A
|
63
+377%
|
135
+117%
|
254
+87%
|
349
+38%
|
291
-17%
|
320
+10%
|
326
+2%
|
267
-18%
|
288
+8%
|
203
-29%
|
113
-44%
|
80
-29%
|
82
+2%
|
90
+10%
|
105
+16%
|
118
+12%
|
158
+34%
|
130
-18%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
13
|
10
|
5
|
1
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(21)
|
(35)
|
(49)
|
(63)
|
(63)
|
(63)
|
(63)
|
(63)
|
(63)
|
(63)
|
(63)
|
(63)
|
(63)
|
(62)
|
(63)
|
(63)
|
(63)
|
(63)
|
(63)
|
(64)
|
(63)
|
(59)
|
(53)
|
(47)
|
(40)
|
(37)
|
(34)
|
(31)
|
(30)
|
(29)
|
(29)
|
(29)
|
(30)
|
(29)
|
(30)
|
(30)
|
(30)
|
(30)
|
(30)
|
|
| Non-Reccuring Items |
0
|
3
|
3
|
3
|
3
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(44)
|
(42)
|
(42)
|
(42)
|
(9)
|
(9)
|
(9)
|
(9)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
|
| Total Other Income |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
6
|
6
|
6
|
6
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
5
|
5
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
|
| Pre-Tax Income |
33
N/A
|
44
+32%
|
62
+41%
|
85
+37%
|
133
+56%
|
146
+10%
|
143
-2%
|
138
-3%
|
112
-19%
|
118
+5%
|
118
+0%
|
106
-10%
|
119
+12%
|
105
-12%
|
86
-18%
|
79
-8%
|
76
-4%
|
84
+11%
|
94
+12%
|
68
-28%
|
62
-9%
|
50
-19%
|
6
-87%
|
7
+5%
|
(27)
N/A
|
(55)
-106%
|
(42)
+24%
|
(60)
-44%
|
(73)
-21%
|
(81)
-12%
|
(94)
-16%
|
(76)
+20%
|
(50)
+34%
|
(37)
+26%
|
(2)
+95%
|
(12)
-582%
|
(35)
-202%
|
(50)
-41%
|
(110)
-122%
|
(106)
+4%
|
(98)
+7%
|
(103)
-5%
|
(54)
+47%
|
(0)
+99%
|
78
N/A
|
197
+152%
|
308
+56%
|
253
-18%
|
287
+13%
|
295
+3%
|
237
-20%
|
258
+9%
|
173
-33%
|
83
-52%
|
50
-40%
|
53
+6%
|
61
+16%
|
76
+24%
|
88
+17%
|
127
+45%
|
99
-23%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
| Income from Continuing Operations |
33
|
44
|
62
|
85
|
132
|
146
|
143
|
138
|
112
|
118
|
118
|
106
|
119
|
105
|
86
|
79
|
76
|
84
|
94
|
68
|
62
|
50
|
6
|
6
|
(27)
|
(55)
|
(42)
|
(60)
|
(73)
|
(82)
|
(95)
|
(76)
|
(50)
|
(37)
|
(2)
|
(12)
|
(35)
|
(50)
|
(110)
|
(106)
|
(98)
|
(103)
|
(54)
|
(0)
|
78
|
197
|
308
|
253
|
287
|
295
|
237
|
258
|
172
|
83
|
49
|
53
|
61
|
75
|
88
|
127
|
99
|
|
| Net Income (Common) |
33
N/A
|
44
+32%
|
62
+42%
|
85
+37%
|
132
+56%
|
146
+10%
|
143
-2%
|
138
-3%
|
112
-19%
|
118
+5%
|
118
+0%
|
106
-10%
|
119
+12%
|
105
-12%
|
86
-18%
|
79
-8%
|
76
-4%
|
84
+11%
|
94
+12%
|
68
-28%
|
62
-9%
|
50
-19%
|
6
-88%
|
6
+2%
|
(27)
N/A
|
(55)
-105%
|
(42)
+25%
|
(60)
-44%
|
(73)
-22%
|
(82)
-12%
|
(95)
-16%
|
(76)
+20%
|
(50)
+34%
|
(37)
+26%
|
(2)
+96%
|
(12)
-619%
|
(35)
-204%
|
(50)
-42%
|
(110)
-122%
|
(106)
+4%
|
(98)
+8%
|
(103)
-5%
|
(54)
+47%
|
(0)
+99%
|
78
N/A
|
197
+152%
|
308
+56%
|
253
-18%
|
287
+13%
|
295
+3%
|
237
-20%
|
258
+9%
|
172
-33%
|
83
-52%
|
49
-41%
|
53
+6%
|
61
+16%
|
75
+24%
|
88
+17%
|
127
+45%
|
99
-22%
|
|
| EPS (Diluted) |
4.56
N/A
|
6.03
+32%
|
8.53
+41%
|
11.63
+36%
|
18.13
+56%
|
19.98
+10%
|
19.56
-2%
|
18.91
-3%
|
15.36
-19%
|
16.1
+5%
|
16.15
+0%
|
14.52
-10%
|
16.24
+12%
|
14.31
-12%
|
11.8
-18%
|
10.84
-8%
|
10.41
-4%
|
11.55
+11%
|
12.9
+12%
|
9.32
-28%
|
8.48
-9%
|
6.88
-19%
|
0.54
-92%
|
0.55
+2%
|
-2.61
N/A
|
-4.88
-87%
|
-3.68
+25%
|
-5.28
-43%
|
-6.43
-22%
|
-7.21
-12%
|
-8.37
-16%
|
-6.73
+20%
|
-4.42
+34%
|
-3.27
+26%
|
-0.15
+95%
|
-1.02
-580%
|
-3.09
-203%
|
-4.39
-42%
|
-9.74
-122%
|
-9.56
+2%
|
-8.77
+8%
|
-9.61
-10%
|
-5.07
+47%
|
-0.02
+100%
|
7.31
N/A
|
18.42
+152%
|
29.03
+58%
|
23.86
-18%
|
27.07
+13%
|
27.83
+3%
|
22.39
-20%
|
24.33
+9%
|
16.31
-33%
|
7.86
-52%
|
4.68
-40%
|
4.97
+6%
|
5.76
+16%
|
7.13
+24%
|
8.32
+17%
|
12.04
+45%
|
9.33
-23%
|
|