Company: CF
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001324404-25-000030
Chunk: 55

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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ITEM 1.    FINANCIAL STATEMENTS.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited) 

 Three months ended  September 30,Nine months ended  September 30, 2025202420252024 (in millions, except per share amounts)Net sales $1,659 $1,370 $5,212 $4,412 Cost of sales1,027 926 3,253 2,880 Gross margin632 444 1,959 1,532 Selling, general and administrative expenses88 78 273 242 U.K. operations restructuring— — 23 — Integration costs— — — 4 Other operating—net(30)4 (8)(18)Total other operating costs and expenses58 82 288 228 Equity in earnings of operating affiliate6 2 12 1 Operating earnings580 364 1,683 1,305 Interest expense41 — 114 74 Interest income(23)(32)(57)(90)Other non-operating—net(3)(4)(11)(8)Earnings before income taxes565 400 1,637 1,329 Income tax provision105 59 334 244 Net earnings460 341 1,303 1,085 Less: Net earnings attributable to noncontrolling interests107 65 252 195 Net earnings attributable to common stockholders$353 $276 $1,051 $890 Net earnings per share attributable to common stockholders:Basic$2.19 $1.55 $6.40 $4.87 Diluted$2.19 $1.55 $6.39 $4.86 Weighted-average common shares outstanding:  Basic161.0 178.4 164.2 182.9 Diluted161.2 178.6 164.3 183.1 Dividends declared per common share$0.50 $0.50 $1.50 $1.50 

See accompanying Notes to Unaudited Consolidated Financial Statements.

1

Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

 Three months ended  September 30,Nine months ended