Company: CF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001324404-25-000015
Chunk: 40

Company: CF Industries Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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ITEM 1.    FINANCIAL STATEMENTS.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited) 

 Three months ended  March 31, 20252024 (in millions, except per share amounts)Net sales $1,663 $1,470 Cost of sales1,091 1,061 Gross margin572 409 Selling, general and administrative expenses84 88 U.K. operations restructuring23 — Integration costs— 3 Other operating—net14 17 Total other operating costs and expenses121 108 Equity in earnings of operating affiliate4 2 Operating earnings455 303 Interest expense37 37 Interest income(17)(30)Other non-operating—net(2)(4)Earnings before income taxes437 300 Income tax provision86 62 Net earnings351 238 Less: Net earnings attributable to noncontrolling interest39 44 Net earnings attributable to common stockholders$312 $194 Net earnings per share attributable to common stockholders:Basic$1.85 $1.03 Diluted$1.85 $1.03 Weighted-average common shares outstanding:  Basic168.6 187.6 Diluted168.8 188.1 Dividends declared per common share$0.50 $0.50 

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  March 31, 20252024 (in millions)Net earnings$351 $238 Other comprehensive income (loss):  Foreign currency translation adjustment—net of taxes11 (16)Defined benefit plans—net of taxes(2)— 9 (16)Comprehensive income360 222 Less: Comprehensive income attributable to noncontrolling interest39 44 Comprehensive income attributable to common stockholders$321 $178 

See accompanying Notes to Unaudited Consolidated Financial Statements.

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

CONSOLIDATED BALANCE SHEETS 

(Unaudited) March 31,  2025December 31,  2024 (in millions, except shareand per share amounts)Assets  Current assets: