Company: CF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001324404-25-000015
Chunk: 97

Company: CF Industries Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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1,061 30 3 %Gross margin572 409 163 40 %Gross margin percentage34.4 %27.8 %6.6 %Selling, general and administrative expenses84 88 (4)(5)%U.K. operations restructuring23 — 23 N/MIntegration costs— 3 (3)(100)%Other operating—net14 17 (3)(18)%Total other operating costs and expenses121 108 13 12 %Equity in earnings of operating affiliate4 2 2 100 %Operating earnings455 303 152 50 %Interest expense37 37 — — %Interest income(17)(30)13 43 %Other non-operating—net(2)(4)2 50 %Earnings before income taxes437 300 137 46 %Income tax provision 86 62 24 39 %Net earnings 351 238 113 47 %Less: Net earnings attributable to noncontrolling interest39 44 (5)(11)%Net earnings attributable to common stockholders$312 $194 $118 61 %Diluted net earnings per share attributable to common stockholders $1.85 $1.03 $0.82 80 %Diluted weighted-average common shares outstanding168.8 188.1 (19.3)(10)%Dividends declared per common share$0.50 $0.50 $— — %Natural gas supplemental data (per MMBtu)Natural gas costs in cost of sales(1) $3.69 $2.73 $0.96 35 %Realized derivatives (gain) loss in cost of sales(2)(0.01)0.46 (0.47)N/MCost of natural gas used for production in cost of sales$3.68 $3.19 $0.49 15 %Average daily market price of natural gas at the Henry Hub$4.28 $2.43 $1.85 76 %Unrealized net mark-to-market loss (gain) on natural gas derivatives$2 $(33)$35 N/MDepreciation and amortization$221 $253 $(32)(13)%Capital expenditures $132 $98 $34 35 %Sales volume by product tons (000