Company: CF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001324404-25-000015
Chunk: 43

Company: CF Industries Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 — — — — (144)(144)Balance as of March 31, 2024$2 $(374)$1,403 $4,634 $(225)$5,440 $2,556 $7,996 

See accompanying Notes to Unaudited Consolidated Financial Statements.

4

Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

CONSOLIDATED STATEMENTS OF CASH FLOWS 

(Unaudited)  Three months ended  March 31, 20252024 (in millions)Operating Activities:  Net earnings$351 $238 Adjustments to reconcile net earnings to net cash provided by operating activities:  Depreciation and amortization221 253 Deferred income taxes(26)(11)Stock-based compensation expense10 13 Unrealized net loss (gain) on natural gas derivatives2 (33)Loss on disposal of property, plant and equipment 1 5 Loss on sale of Ince facility23 — Undistributed earnings of affiliate—net of taxes(4)(2)Changes in assets and liabilities:  Accounts receivable—net(177)(50)Inventories(43)20 Accrued and prepaid income taxes89 61 Accounts payable and accrued expenses16 (23)Customer advances123 (25)Other—net— (1)Net cash provided by operating activities586 445 Investing Activities:  Additions to property, plant and equipment(132)(98)Proceeds from sale of property, plant and equipment2 — Proceeds from sale of Ince facility4 — Purchase of emission credits— (2)Net cash used in investing activities(126)(100)Financing Activities:  Dividends paid on common stock(86)(97)Distributions to noncontrolling interest(129)(144)Purchases of treasury stock(444)(339)Proceeds from issuances of common stock under employee stock plans1 1 Cash paid for shares withheld for taxes(13)(23)Net cash used in financing activities(671)(602)Effect of exchange rate changes on cash and cash equivalents3 (2)Decrease in cash and cash equivalents(208)(259)Cash and cash equivalents at beginning of period1,614 2,032 Cash and cash equivalents at end of period$1,406 $1,773 

See accompanying Notes to