Company: CF
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001324404-25-000006
Chunk: 149

Company: CF Industries Holdings, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 149
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— — — 2 — 2 Stock-based compensation expense— — 36 — — 36 — 36 Cash dividends ($2.00 per share)— — — (363)— (363)— (363)Distributions declared to noncontrolling interest— — — — — — (308)(308)Balance as of December 31, 2024$2 $(30)$1,284 $4,009 $(280)$4,985 $2,607 $7,592 

See Accompanying Notes to Consolidated Financial Statements.

62

Table of ContentsCF INDUSTRIES HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS  Year ended December 31, 202420232022 (in millions)Operating Activities:   Net earnings $1,477 $1,838 $3,937 Adjustments to reconcile net earnings to net cash provided by operating activities:Depreciation and amortization925 869 850 Deferred income taxes(115)81 (107)Stock-based compensation expense36 37 41 Loss on debt extinguishment— — 8 Unrealized net (gain) loss on natural gas derivatives(35)(39)41 Impairment of equity method investment in PLNL— 43 — Unrealized gain on embedded derivative— — (14)U.K. long-lived and intangible asset impairment— — 239 Pension settlement loss and curtailment gains— — 17 Gain on sale of emission credits(47)(39)(6)Loss on disposal of property, plant and equipment 12 4 2 Undistributed (earnings) losses of affiliate—net of taxes(2)3 (1)Changes in assets and liabilities, net of acquisition:Accounts receivable—net77 100 (110)Inventories(28)152 (93)Accrued and prepaid income taxes1 (44)(227)Accounts payable and accrued expenses44 (88)1 Customer advances(11)(100)(471)Other—net(63)(60)(252)Net cash provided by operating activities2,271 2,757 3,855 Investing Activities:   Additions to property, plant and equipment(518)(499)(453)Proceeds from sale of property,