1 unchanged sentence
Performance Graph
−Removed: The performance graph below compares the cumulative total return of our common stock to (a) the cumulative total return of the S&P 500 Composite Index and (b) a composite peer group (“Peer Group”) consisting of Delek US Holdings, Inc., HollyFrontier Corporation, Marathon Petroleum Corp., PBF Energy and Valero Energy Corporation.
+Added: The performance graph below compares the cumulative total return of our common stock to (a) the cumulative total return of the S&P 500 Composite Index and (b) a composite peer group (“Peer Group”) consisting of Delek US Holdings, Inc., HollyFrontier Corporation, Marathon Petroleum Corp., Par Pacific Holdings, Inc, PBF Energy Inc.
+Added: and Valero Energy Corporation.
The graph assumes that the value of the investment in common stock and each index was $100 on December 31, 2015 and that all dividends were reinvested.
6 unchanged sentences
Market Information
−Removed: Our common stock is listed under the symbol “CVI” on the New York Stock Exchange.
−Removed: CVR Energy, Inc.
−Removed: - Exchange Offer
−Removed: In August 2018, CVR Energy completed an exchange offer whereby public unitholders tendered a total of 21,625,106 CVR Refining common units in exchange for a total of 13,699,549 shares of CVR Energy common stock.
−Removed: Following the exchange offer, Icahn Enterprises L.P.
−Removed: and its affiliates (“IEP”) owned approximately 71% of the Company’s outstanding shares.
−Removed: Refer to Note 1 (“Organization and Nature of Business”) in Item 8 for further information.
+Added: Our common stock is listed under the symbol “CVI” on the New York Stock Exchange (“NYSE”).
+Added: The Company has 117 holders of record of the outstanding shares as of December 31, 2020.
Purchases of Equity Securities by the Issuer
2 unchanged sentences
Repurchases under the Stock Repurchase Program may be made from time-to-time through open market transactions, block trades, privately negotiated transactions or otherwise in accordance with applicable securities laws.
−Removed: December 31, 2019 | 39
The timing, price and amount of repurchases (if any) will be made at the discretion of management and are subject to market conditions as well as corporate, regulatory and other considerations.
While the Stock Repurchase Program currently has a duration of four years, it does not obligate the Company to acquire any stock and may be terminated by the Company’s Board of Directors at any time.
−Removed: We did not repurchase any of our common stock during the year ended December 31, 2019.
−Removed: Selected Financial Data
−Removed: The following table sets forth certain selected consolidated financial data as of and for each year in the five-year period ended December 31, 2019.
−Removed: The selected consolidated financial information presented below has been derived from our historical consolidated financial statements.
−Removed: The following table should be read in conjunction with Item 7 and our consolidated financial statements and related notes thereto in Item 8.
−Removed: Year Ended December 31,
−Removed: (in millions) 2019 2018 2017 2016 2015
−Removed: Statements of Operations
−Removed: Net sales $ 6,364 $ 7,124 $ 5,988 $ 4,782 $ 5,433
−Removed: Net income attributable to CVR Energy stockholders 380 259 263 25 197
−Removed: Basic and diluted earnings per share $ 3.78 $ 2.80 $ 3.03 $ 0.29 $ 2.27
−Removed: Dividends declared per share $ 3.05 $ 2.50 $ 2.00 $ 2.00 $ 2.00
−Removed: (in millions) 2019 2018 2017 2016 2015
−Removed: Balance Sheet
−Removed: Cash and cash equivalents $ 652 $ 668 $ 482 $ 736 $ 765
−Removed: Total assets 3,905 4,000 3,953 4,159 3,413
−Removed: Long-term debt and finance lease obligations, net of current portion 1,190 1,167 1,164 1,165 667
−Removed: Total liabilities 2,237 2,057 2,130 2,371 1,736
−Removed: Total CVR stockholders’ equity 1,393 1,286 988 899 1,025
−Removed: Total equity 1,668 1,943 1,823 1,788 1,677
+Added: We did not repurchase any of our common stock during the years ended December 31, 2020 and 2019.
December 31, 2020 | 36
+Added: Selected Financial Data
+Added: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.