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CVR Refining LP (CVR Refining LP) Property, Plant and Equipment : $1,396 Mil (As of Sep. 2018)


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What is CVR Refining LP Property, Plant and Equipment?

CVR Refining LP's quarterly net PPE declined from Mar. 2018 ($1,459 Mil) to Jun. 2018 ($1,434 Mil) and declined from Jun. 2018 ($1,434 Mil) to Sep. 2018 ($1,396 Mil).

CVR Refining LP's annual net PPE declined from Dec. 2015 ($1,550 Mil) to Dec. 2016 ($1,515 Mil) and declined from Dec. 2016 ($1,515 Mil) to Dec. 2017 ($1,479 Mil).


CVR Refining LP Property, Plant and Equipment Historical Data

The historical data trend for CVR Refining LP's Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CVR Refining LP Property, Plant and Equipment Chart

CVR Refining LP Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only 1,430.20 1,487.10 1,549.50 1,515.00 1,478.80

CVR Refining LP Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,478.20 1,478.80 1,459.40 1,434.00 1,396.00

CVR Refining LP Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


CVR Refining LP  (NYSE:CVRR) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


CVR Refining LP Property, Plant and Equipment Related Terms

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CVR Refining LP (CVR Refining LP) Business Description

Industry
Traded in Other Exchanges
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Address
CVR Refining LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. It owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas. The company also controls and operates logistics assets, including owned and leased pipelines; owned crude oil transports; a network of crude oil gathering tank farms; and owned and leased crude oil storage capacity, as well as combined refined products and feedstocks storage capacity. In addition, it owns pipeline system that transports crude oil from its Broome Station facility to its Coffeyville refinery.
Executives
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Janice T Develasco officer: VP-Env., Health, Safety & Sec. 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Andrew Langham director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
David Lynn Landreth officer: EVP & Chief Commercial Officer 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Matthew W. Bley officer: CAO and Corp. Controller 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Melissa M Buhrig officer: EVP, General Counsel & Sec. C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Tracy Dawn Jackson officer: EVP and CFO 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Mark A Pytosh officer: EVP - Corporate Services C/O CVR PARTNERS, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Hunter Clark Gary director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Jon R Whitney director
Susan M. Ball officer: EVP, CFO and Treasurer 13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
John R. Walter officer: EVP, General Counsel & Sec. C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Martin J Power officer: Chief Commercial Officer C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
David L Lamp officer: CEO and President C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Robert W Haugen officer: EVP, Refining Operations C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479