2 unchanged sentences
The performance graph below compares the cumulative total return of the Partnership’s common units to (a) the cumulative total return of the S&P 500 Composite Index and (b) a composite peer group (“Peer Group”) consisting of The Mosaic Company, CF Industries Holdings, Inc., Intrepid Potash, Inc., and Arcadia Biosciences, Inc.
−Removed: The graph assumes that the value of the investment in common unit and each index was $100 on December 31, 2014 and that all distributions were reinvested.
+Added: The graph assumes that the value of the investment in common units and each index was $100 on December 31, 2015 and that all distributions were reinvested.
Investment is weighted on the basis of market capitalization.
5 unchanged sentences
Market Information
−Removed: CVR Partners’ common units are listed under the symbol “UAN” on the New York Stock Exchange.
+Added: CVR Partners’ common units are listed under the symbol “UAN” on the New York Stock Exchange (“NYSE”).
+Added: The Partnership has 32 holders of record of the outstanding units as of December 31, 2020.
+Added: December 31, 2020 | 27
Purchases of Equity Securities by the Issuer
−Removed: The Partnership did not repurchase any common units during the fiscal year ended December 31, 2019.
+Added: Repurchases of the Partnership’s common units during the three months ended December 31, 2020 were as follows:
+Added: Period Total Number of Units Purchased Average Price paid per Unit Total Number of Units Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Units that May Yet Be Purchased Under the Plans or Programs (1)
+Added: October 1 to October 31, 2020
+Added: — $ — — $ 7,723,222
+Added: November 1 to November 30, 2020 (2)
+Added: 60,000 8.32 60,000 7,223,883
+Added: December 1 to December 31, 2020
+Added: 333,777 12.88 333,777 2,924,400
+Added: Total 393,777 393,777
+Added: (1) On May 6, 2020, the Board, on behalf of the Partnership, authorized the Partnership to repurchase up to $10 million of the Partnership’s common units.
+Added: Repurchases may be made through open market transactions, block trades, privately negotiated transactions, or otherwise in accordance with applicable securities laws.
+Added: Through December 31, 2020, the Partnership has repurchased $7.1 million of its common units under this authorization and $2.9 million of authority may yet be used to purchase common units.
+Added: (2) On November 23, 2020, a 10-to-1 reverse common unit split occurred.
+Added: From November 1, 2020 through November 23, 2020, the Partnership repurchased 416,000 common units.
+Added: The units summarized above reflect common unit repurchases on a split-adjusted basis.
+Added: No changes to the unit repurchase authorization occurred during the period as a result of the reverse split.
Equity Compensation Plan
2 unchanged sentences
A maximum of 500,000 common units are issuable under the CVR Partners LTIP.
−Removed: December 31, 2019 | 28
The table below contains information about securities authorized for issuance under the CVR Partners LTIP as of December 31, 2020.
6 unchanged sentences
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 the Partnership’s historical consolidated financial statements.
−Removed: The following table should be read in conjunction with management’s discussion and analysis in Item 7 and the consolidated financial statements and related notes thereto in Item 8.
−Removed: Year Ended December 31,
−Removed: (in thousands) 2019 2018 2017 2016 2015
−Removed: Statements of Operations
−Removed: Net sales $ 404,177 351,082 330,802 356,284 289,194
−Removed: Net (loss) income (34,969) (50,027) (72,788) (26,938) 62,042
−Removed: Net (loss) income per common unit – basic and diluted $ (0.31) $ (0.44) $ (0.64) $ (0.26) $ 0.85
−Removed: Distribution declared, per common unit 0.40 — 0.02 0.44 1.11
−Removed: Weighted-average common units outstanding:
−Removed: Basic 113,283 113,283 113,283 103,299 73,123
−Removed: Diluted 113,283 113,283 113,283 103,299 73,131
−Removed: (in thousands) 2019 2018 2017 2016 2015
−Removed: Balance Sheet
−Removed: Cash and cash equivalents $ 36,994 $ 61,776 $ 49,173 $ 55,595 $ 49,967
−Removed: Total assets 1,137,955 1,254,388 1,234,276 1,312,217 536,482
−Removed: Long-term debt, net of current portion 632,406 628,989 625,904 623,107 124,773
−Removed: Total liabilities 718,411 754,562 684,423 687,311 150,930
−Removed: Total partners’ capital 419,544 499,826 549,853 624,907 385,552
+Added: Not applicable.
December 31, 2020 | 28
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.