Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 57

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 Net earnings$843 $744 Adjustments to reconcile net earnings to net cash provided by operating activities:  Depreciation and amortization453 475 Deferred income taxes(38)(70)Stock-based compensation expense22 19 Unrealized net loss (gain) on natural gas derivatives2 (34)Gain on sale of emission credits— (47)Loss on disposal of property, plant and equipment 1 6 Loss on sale of Ince facility23 — Undistributed (earnings) losses of affiliate—net of taxes(6)1 Changes in assets and liabilities:  Accounts receivable—net(178)(45)Inventories(6)(6)Accrued and prepaid income taxes95 63 Accounts payable and accrued expenses4 (26)Customer advances(86)(122)Other—net20 (38)Net cash provided by operating activities1,149 920 Investing Activities:  Additions to property, plant and equipment(377)(182)Purchase of Waggaman ammonia production facility— 2 Proceeds from sale of property, plant and equipment6 — Proceeds from sale of Ince facility4 — Proceeds from sale of investments held in nonqualified employee benefit trust— 1 Purchase of emission credits(1)(2)Proceeds from sale of emission credits— 47 Net cash used in investing activities(368)(134)Financing Activities:  Dividends paid on common stock(167)(188)Contributions from noncontrolling interests235 — Distributions to noncontrolling interest(129)(144)Purchases of treasury stock(660)(644)Proceeds from issuances of common stock under employee stock plans1 1 Cash paid for shares withheld for taxes(13)(23)Net cash used in financing activities(733)(998)Effect of exchange rate changes on cash and cash equivalents24 (1)Increase (decrease) in cash and cash equivalents72 (213)Cash and cash equivalents at beginning of period1,614 2,032 Cash and cash equivalents at end of period$1,686 $1,819 

See accompanying Notes to Unaudited Consolidated Financial Statements.

6

Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS 

1.   Background and Basis of Presentation

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