Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 52

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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ITEM 1.    FINANCIAL STATEMENTS.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

 Three months ended  June 30,Six months ended  June 30, 2025202420252024 (in millions, except per share amounts)Net sales $1,890 $1,572 $3,553 $3,042 Cost of sales1,135 893 2,226 1,954 Gross margin755 679 1,327 1,088 Selling, general and administrative expenses101 76 185 164 U.K. operations restructuring— — 23 — Integration costs— 1 — 4 Other operating—net8 (39)22 (22)Total other operating costs and expenses109 38 230 146 Equity in earnings (losses) of operating affiliate2 (3)6 (1)Operating earnings648 638 1,103 941 Interest expense36 37 73 74 Interest income(17)(28)(34)(58)Other non-operating—net(6)— (8)(4)Earnings before income taxes635 629 1,072 929 Income tax provision143 123 229 185 Net earnings492 506 843 744 Less: Net earnings attributable to noncontrolling interests106 86 145 130 Net earnings attributable to common stockholders$386 $420 $698 $614 Net earnings per share attributable to common stockholders:Basic$2.37 $2.30 $4.21 $3.31 Diluted$2.37 $2.30 $4.20 $3.31 Weighted-average common shares outstanding:  Basic162.9 182.7 165.8 185.1 Diluted163.1 182.8 165.9 185.5 Dividends declared per common share$0.50 $0.50 $1.00 $1.00 

See accompanying Notes to Unaudited Consolidated Financial Statements.

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

 Three months ended  June 30,Six months ended  June 30