Company: CF
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001324404-25-000030
Chunk: 60

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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52024 (in millions)Operating Activities:  Net earnings$1,303 $1,085 Adjustments to reconcile net earnings to net cash provided by operating activities:  Depreciation and amortization670 704 Deferred income taxes13 (69)Stock-based compensation expense35 26 Unrealized net loss (gain) on natural gas derivatives1 (33)Gain on sale of emission credits(8)(47)Loss on disposal of property, plant and equipment 2 7 Loss on sale of Ince facility23 — Undistributed earnings of affiliate—net of taxes(7)(1)Changes in assets and liabilities:  Accounts receivable—net(215)2 Inventories(54)(9)Accrued and prepaid income taxes19 23 Accounts payable and accrued expenses60 (9)Customer advances358 218 Other—net13 (46)Net cash provided by operating activities2,213 1,851 Investing Activities:  Additions to property, plant and equipment(724)(321)Purchase of Waggaman ammonia production facility— 2 Proceeds from sale of property, plant and equipment6 — Proceeds from sale of Ince facility4 — Proceeds from sale of investments held in nonqualified employee benefit trust— 1 Purchase of emission credits(1)(2)Proceeds from sale of emission credits8 47 Net cash used in investing activities(707)(273)Financing Activities:  Financing fees(1)— Dividends paid on common stock(248)(278)Contributions from noncontrolling interests291 — Distributions to noncontrolling interest(304)(308)Purchases of treasury stock(1,020)(1,134)Proceeds from issuances of common stock under employee stock plans1 2 Cash paid for shares withheld for taxes(14)(25)Net cash used in financing activities(1,295)(1,743)Effect of exchange rate changes on cash and cash equivalents13 10 Increase (decrease) in cash and cash equivalents224 (155)Cash and cash equivalents at beginning of period1,614 2,032 Cash and cash equivalents at end of period$1,838 $1,877 

See accompanying Notes to Unaudited Consolidated Financial Statements.

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

NOTES TO UN