On October 23, 2012, CVR Refining, LLC (“Refining LLC”) and its wholly-owned subsidiary, Coffeyville Finance Inc., completed a private offering of $500.0 million in aggregate principal amount of 6.500% Second Lien Senior Secured Notes due 2022, the proceeds of which were used by Coffeyville Resources, LLC (“CRLLC”) to tender and redeem $447.1 million of First Lien Senior Secured Notes due 2015;

On December 20, 2012, CVR Refining, LP entered into an amended and restated ABL credit agreement in an aggregate principal amount of up to $400.0 million, replacing CRLLC’s position as borrower under the prior facility;

On January 23, 2013, CVR Refining, LP offered and sold 24,000,000 common units to the public in an initial public offering at an offering price of $25.00 per unit and paid related commissions and expenses. Of the common units offered to the public 4,000,000 common units were purchased by an affiliate of Icahn Enterprises. Additionally, in connection with this offering, the underwriters exercised their option to purchase an additional 3,600,000 common units at a price of $25.00 per unit on January 30, 2013;

In connection with the initial public offering, CVR Refining, LP used proceeds from the offering of $222.8 million to redeem the outstanding Second Lien Senior Secured Notes due 2017;

On May 20, 2013, CVR Refining, LP offered and sold an additional 12,000,000 common units to the public at a public offering price of $30.75 per unit and paid related commissions and expenses. In connection with the offering, the underwriters were offered an option to purchase additional units, of which they exercised their option to purchase 1,209,236 units. The net proceeds from the 13,209,236 aggregate common units sold were used to redeem an equal number of units from CVR Refining Holdings, LLC;

2,000,000 common units were sold to American Entertainment Properties Corp., an affiliate of Icahn Enterprises LP, in a privately negotiated transaction by an affiliate of CVR Refining Holdings, LLC completed on May 29, 2013.

Current assets:

Cash and cash equivalents

Accounts receivable, net of allowance for doubtful accounts of $2,303

Inventories

Prepaid expenses and other current assets

Income tax receivable

Deferred income taxes

Total current assets

Property, plant, and equipment, net of accumulated depreciation

Intangible assets, net

Goodwill

Deferred financing costs, net

Insurance receivable

Other long-term assets

Total assets

Current liabilities:

Notes payable and capital lease obligation

Accounts payable

Personnel accruals

Accrued taxes other than income taxes

Due to parent

Deferred revenue

Other current liabilities

Total current liabilities

Long-term liabilities:

Long-term debt and capital lease obligations, net of current portion

Accrued environmental liabilities, net of current portion

Deferred income taxes

Other long-term liabilities

Total long-term liabilities

Commitments and contingencies

Equity:

CVR stockholders’ equity:

Common stock $0.01 par value per share, 350,000,000 shares authorized, 86,929,660 shares issued as of March 31, 2013

Additional paid-in-capital

Retained earnings

Treasury stock, 98,610 shares, as of March 31, 2013, at cost

Accumulated other comprehensive loss, net of tax

Total CVR stockholders’ equity

Noncontrolling interest

Total equity

Total liabilities and equity

Net sales

Operating costs and expenses:

Cost of product sold (exclusive of depreciation and amortization)

Direct operating expenses (exclusive of depreciation and amortization)

Selling, general and administrative expenses (exclusive of depreciation and amortization)

Depreciation and amortization

Total operating costs and expenses

Operating income

Other income (expense):

Interest expense and other financing costs

Interest income

Realized loss on derivatives, net

Unrealized gain on derivatives, net

Loss on extinguishment of debt

Other income, net

Total other income (expense)

Income before income taxes

Income tax expense

Net income

Less: Net income attributable to noncontrolling interest

Net income attributable to CVR Energy stockholders

Basic earnings per share

Diluted earnings per share

Weighted-average common shares outstanding:

Basic

Diluted

Net sales

Operating costs and expenses:

Cost of product sold (exclusive of depreciation and amortization)

Direct operating expenses (exclusive of depreciation and amortization)

Selling, general and administrative expenses (exclusive of depreciation and amortization)

Depreciation and amortization

Total operating costs and expenses

Operating income

Other income (expense):

Interest expense and other financing costs

Interest income

Realized loss on derivatives, net

Unrealized loss on derivatives, net

Loss on extinguishment of debt

Other income, net

Total other income (expense)

Income before income taxes

Income tax expense

Net income

Less: Net income attributable to noncontrolling interest

Net income attributable to CVR Energy stockholders

Basic earnings per share

Diluted earnings per share

Weighted-average common shares outstanding:

Basic

Diluted

Elimination of historical interest expense on first lien notes

Elimination of historical interest expense on second lien notes

Estimated interest on new notes*

Total reduction to interest expense

Elimination of amortization of historical deferred financing fees associated with the first and second lien notes

Elimination of amortization of original issuance premium, net associated with the first and second lien notes

Elimination of amortization of historical deferred financing fees associated with the ABL credit facility

Amortization of issuance costs associated with the new notes**

Amortization of issuance costs associated with the Amended and Restated ABL credit facility ***

Total decrease in amortization of financing fees