Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 14

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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 2024 (dollars in millions, except per share and per MMBtu amounts)Net sales $1,890 $1,572 $318 20 %$3,553 $3,042 $511 17 %Cost of sales (COS)1,135 893 242 27 %2,226 1,954 272 14 %Gross margin755 679 76 11 %1,327 1,088 239 22 %Gross margin percentage39.9 %43.2 %(3.3)%37.3 %35.8 %1.5 %Selling, general and administrative expenses101 76 25 33 %185 164 21 13 %U.K. operations restructuring— — — — %23 — 23 N/MIntegration costs— 1 (1)(100)%— 4 (4)(100)%Other operating—net8 (39)47 N/M22 (22)44 N/MTotal other operating costs and expenses109 38 71 187 %230 146 84 58 %Equity in earnings (losses) of operating affiliate2 (3)5 N/M6 (1)7 N/MOperating earnings648 638 10 2 %1,103 941 162 17 %Interest expense36 37 (1)(3)%73 74 (1)(1)%Interest income(17)(28)11 39 %(34)(58)24 41 %Other non-operating—net(6)— (6)N/M(8)(4)(4)(100)%Earnings before income taxes635 629 6 1 %1,072 929 143 15 %Income tax provision 143 123 20 16 %229 185 44 24 %Net earnings 492 506 (14)(3)%843 744 99 13 %Less: Net earnings attributable to noncontrolling interests106 86 20 23 %145 130 15 12 %Net earnings attributable to common stockholders$386 $420 $(34)(8)%$698 $614 $84 14 %Diluted net earnings per share attributable to common stockholders  $2.