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The following is an excerpt from a S-1 SEC Filing, filed by COFFEYVILLE RESOURCES, INC. on 2/11/2005. |
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COFFEYVILLE RESOURCES, INC. - S-1 - 20050211 - INCOME_STATEMENT
Predecessor of Coffeyville Group Holdings, LLC
STATEMENTS OF OPERATIONS
Years Ended December 31, 2001, 2002 and 2003 and for the 62 Day Period Ended March 2, 2004
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2001
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2002
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2003
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62 days ended
March 2,
2004
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Net sales
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$
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1,630,232,517
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$
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887,495,126
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$
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1,262,196,894
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$
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261,086,529
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Cost of goods sold
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1,623,425,347
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945,997,617
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1,198,332,922
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245,234,642
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Gross profit (loss)
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6,807,170
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(58,502,491
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)
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63,863,972
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15,851,887
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Operating expenses (income):
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Selling, general and administrative expenses
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24,752,188
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16,373,726
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23,617,264
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4,649,145
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Equity in loss of joint venture
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2,815,167
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—
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—
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—
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Reorganization expenses
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Impairment of property, plant, and equipment
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—
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375,068,359
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9,638,626
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—
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Rejection of executory contracts
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—
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—
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1,250,000
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—
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Total operating expenses
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27,567,355
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391,442,085
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34,505,890
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4,649,145
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Operating income (loss)
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(20,760,185
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(449,944,576
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29,358,082
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11,202,742
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Other income (expense):
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Gain on sale of joint venture interest
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18,044,977
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—
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—
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—
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Other income (expense)
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1,556,557
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(4,053,567
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(154,772
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9,345
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Allocation of interest expense
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(18,265,816
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(11,689,075
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(1,281,513
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—
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Total other income (expense)
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1,335,718
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(15,742,642
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(1,436,285
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9,345
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Net income (loss)
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$
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(19,424,467
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$
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(465,687,218
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$
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27,921,797
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$
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11,212,087
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