Company: CF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001324404-25-000015
Chunk: 83

Company: CF Industries Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 83
---
 ended  March 31, 20252024 (in millions)UANNet sales$470 $425 Cost of sales:Natural gas, including the impact of realized derivatives(1)104 77 Unrealized net mark-to-market loss (gain) on natural gas derivatives1 (10)Depreciation and amortization(2)73 69 Distribution and storage(3)13 14 Freight(4)36 35 Other segment items(5)101 97 Total cost of sales328 282 Gross margin$142 $143 ANNet sales$101 $114 Cost of sales:Natural gas, including the impact of realized derivatives(1)10 11 Unrealized net mark-to-market gain on natural gas derivatives— (1)Depreciation and amortization(2)8 13 Freight(4)7 8 Other segment items(5)60 74 Total cost of sales85 105 Gross margin$16 $9 Other(6)Net sales$133 $122 Cost of sales:Natural gas, including the impact of realized derivatives(1)15 11 Unrealized net mark-to-market gain on natural gas derivatives— (1)Depreciation and amortization(2)13 20 Freight(4)16 14 Other segment items(5)34 40 Total cost of sales78 84 Gross margin$55 $38 

17

Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

Three months ended  March 31, 20252024 (in millions)ConsolidatedNet sales$1,663 $1,470 Cost of sales:Natural gas, including the impact of realized derivatives(1)334 261 Unrealized net mark-to-market loss (gain) on natural gas derivatives2 (33)Depreciation and amortization(2)220 250 Distribution and storage(3)53 51 Freight(4)81 81 Other segment items(5)401 451 Total cost of sales1,091 1,061 Gross margin$572 $409 Total other operating costs and expenses121 108 Equity in earnings of operating affiliate4 2 Operating earnings$455 $303 _______________________________________________________________________________(1)Natural gas costs include the impact of realized gains and losses