Risk Factors Update Summary
- U.S. International Trade Commission voted against imposing import tariffs on UAN from Russia and Trinidad and Tobago.
- Inflation rose from 6.5% in December 2022 to 3.4% in December 2023.
- Potential spin-off of CVR Energy could impact the ability to pay quarterly distributions.
- Largest customers represented approximately 25% of net sales for the year ended December 31, 2023.
- Interest rates increased by 525 basis points from March 2022 through January 31, 2024.
- Acquisition of businesses or assets and expansion projects may impact entity-level taxes.
- CVR Energy's control decreased from 71% to 66%, affecting potential repurchase obligations.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1425292&owner=exclude
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