CVR Energy, Inc. acquired Gary-Williams Energy Corporation (“GWEC”) on December 15, 2011 and the pro forma financial results include the results of GWEC from January 1, 2011 through December 15, 2011;

CVR Energy, Inc. and its subsidiaries formed CVR Refining, LP and received a non-economic general partner interest and 100% of the limited partner interests;

CVR Refining, LP offered and sold 24,000,000 common units to the public at a public 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;

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;

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

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.

Current assets:

Cash and cash equivalents

Accounts receivable, net of allowance for doubtful accounts of $1,858

Inventories

Prepaid expenses and other current assets

Insurance receivable

Deferred income taxes

Income tax receivable

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

Income taxes payable

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

Equity:

CVR stockholders’ equity:

Common stock $0.01 par value per share, 350,000,000 shares authorized, 86,929,660 shares issued

Additional paid-in-capital

Retained earnings

Treasury stock, 98,610 shares, at cost

Accumulated other comprehensive income, 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 loss on derivatives, net

Other income, net

Total other income (expense)

Income before income tax expense

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)

Insurance recovery – business interruption

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 tax expense

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

Depreciation and amortization of the historical financial statements of WEC for the twelve months ended December 31, 2011 was increased by $13.2 million to reflect the estimated additional depreciation related to the increase in property, plant and equipment based on the fair market value of the acquired assets.

Interest expense for twelve months ended December 31, 2011 has been reduced by $29.0 million for the historical WEC interest expense associated with historical debt that was repaid by WEC prior to the closing of the acquisition.

WEC’s turnaround expenses recorded prior to the acquisition of $11.6 million for the twelve months ended December 31, 2011 have been eliminated to conform to the Company’s accounting method.