CF Industries Holdings, Inc.

10-K & 10-Q Filings

CF Industries Holdings, Inc. is a company focused on providing clean energy through the production and distribution of nitrogen products, primarily ammonia. The company's mission is to decarbonize its existing ammonia production network and evaluate new low-carbon ammonia capacity growth to accelerate the transition to clean energy. CF Industries operates eight nitrogen manufacturing facilities in North America and one in the United Kingdom, with a combined production capacity of approximately 10.8 million tons of ammonia, 4.3 million tons of urea, 7.3 million tons of UAN, 1.7 million tons of AN, and 1.6 million tons of other products. The company's primary competitors include Nutrien Ltd., Koch Fertilizer LLC, Yara International, and other foreign-sourced products. CF Industries' website is www.cfindustries.com, and its stock is traded on the New York Stock Exchange under the ticker symbol CF.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$6097.90
6104.00
5474.70
4743.20
4308.30
3685.00
4130.00
4429.00
4590.00
4124.00
6538.00
11186.00
6631.00
2012.00
1470.00
0.70%-26.94%Cost of Revenue (-)
$3202.30
2990.70
2954.50
2964.70
2761.20
2845.00
3700.00
3512.00
3416.00
3323.00
4151.00
5325.00
4086.00
1149.00
1061.00
2.05%-7.66%Gross Profit (+)
$2895.60
3113.30
2520.20
1778.50
1547.10
840.00
430.00
917.00
1174.00
801.00
2387.00
5861.00
2545.00
863.00
409.00
-1.07%-52.61%Selling, General & Administrative (-)
$130.00
151.80
166.00
151.90
169.80
174.00
192.00
214.00
239.00
206.00
223.00
290.00
289.00
74.00
88.00
6.88%18.92%Non-recurring Operating Expenses (-)
$4.40
56.90
179.00
521.00
258.00
49.00
15.00
3.00
22.24%-80.00%Operating Expenses (-)
$105.10
153.90
108.50
-588.00
354.00
706.00
201.00
151.00
171.00
178.00
658.00
464.00
315.00
37.00
106.00
9.58%186.49%Costs & Expenses (Total) (-)
$3307.40
3144.60
3063.00
2376.70
3115.20
3551.00
3910.00
3699.00
3582.00
3512.00
4856.00
5789.00
4393.00
1186.00
1167.00
2.39%-1.60%Operating Income/Loss (+)
$2790.50
2959.40
2411.70
2366.50
1193.10
134.00
229.00
766.00
1003.00
623.00
1729.00
5397.00
2230.00
826.00
303.00
-1.85%-63.32%Non-operating Income/Expense (+)
$40.80
54.90
64.10
20.60
68.40
-165.00
-51.00
9.00
-14.00
1.00
-3.00
-23.00
10.00
3.00
4.00
-11.06%33.33%Interest Expense (-)
$147.20
135.30
152.20
178.20
133.20
200.00
315.00
241.00
237.00
179.00
184.00
344.00
150.00
40.00
37.00
0.16%-7.50%Earnings before Tax (+)
$2645.60
2829.50
2209.70
2187.30
1057.60
-226.00
-125.00
547.00
772.00
463.00
1543.00
5095.00
2248.00
819.00
300.00
-1.35%-63.37%Tax Expense (-)
$926.50
964.20
686.50
773.00
395.80
-68.00
-575.00
119.00
126.00
31.00
283.00
1158.00
410.00
169.00
62.00
-6.57%-63.31%Income/Loss (Continuing Operations) (+)
$1719.10
1865.30
1523.20
1414.30
661.80
-158.00
450.00
428.00
646.00
432.00
1260.00
3937.00
1838.00
650.00
238.00
0.56%-63.38%Profit/Loss (+)
$1761.00
1923.40
1532.80
1436.80
734.10
-158.00
450.00
428.00
646.00
432.00
1260.00
3937.00
1838.00
650.00
238.00
0.36%-63.38%Net Income/Loss (NCI) (-)
$221.80
74.70
68.20
46.50
34.20
119.00
92.00
138.00
153.00
115.00
343.00
591.00
313.00
90.00
44.00
2.91%-51.11%Net Income/Loss (+)
$1539.20
1848.70
1464.60
1390.30
699.90
-277.00
358.00
290.00
493.00
317.00
917.00
3346.00
1525.00
560.00
194.00
-0.08%-65.36%Net Income/Loss (Common) (+)
$1539.20
1848.70
1464.60
1390.30
699.90
-277.00
358.00
290.00
493.00
317.00
917.00
3346.00
1525.00
560.00
194.00
-0.08%-65.36%EPS (Basic)
$22.18
28.94
24.87
27.16
2.97
-1.19
1.53
1.25
2.24
1.48
4.27
16.45
7.89
2.86
1.03
-8.25%-63.99%EPS (Diluted)
$21.98
28.59
24.74
27.08
2.96
-1.19
1.53
1.24
2.23
1.47
4.24
16.38
7.87
2.85
1.03
-8.20%-63.86%Weighted Avg Shares (Basic)
69.40
63.90
58.90
51.20
235.30
233.10
233.50
232.60
220.20
214.90
215.00
203.30
193.30
196.20
187.60
8.91%-4.38%Weighted Avg Shares (Diluted)
70.00
64.70
59.20
51.30
236.10
233.10
233.90
233.80
221.60
215.20
216.20
204.20
193.80
196.90
188.10
8.86%-4.47%Cash
$1207.00
2274.90
1864.80
2082.70
308.80
1169.00
835.00
682.00
287.00
683.00
1628.00
2323.00
2032.00
2825.00
1773.00
4.44%-37.24%Receivables
$269.40
217.40
230.90
191.50
267.20
236.00
307.00
235.00
242.00
265.00
497.00
582.00
505.00
482.00
535.00
5.38%11.00%Inventory
$304.20
277.90
274.30
202.90
321.20
339.00
275.00
309.00
351.00
287.00
408.00
474.00
299.00
430.00
271.00
-0.14%-36.98%Prepaid Expenses (Current)
$
33.40
34.80
184.60
841.00
33.00
28.00
71.00
97.00
4.00
215.00
167.00
69.00
102.00
47.83%Other Assets (Current)
$18.00
37.40
226.70
102.60
45.30
70.00
15.00
20.00
23.00
35.00
56.00
79.00
47.00
42.00
38.00
8.33%-9.52%Assets (Current)
$1798.60
2807.60
2630.10
2614.50
1127.10
2655.00
1465.00
1274.00
974.00
1367.00
2593.00
3673.00
3050.00
3848.00
2719.00
4.50%-29.34%Securities & Long-term Investments
$928.60
935.60
926.00
861.50
297.80
139.00
108.00
93.00
88.00
80.00
82.00
74.00
26.00
81.00
29.00
-25.77%-64.20%Property, Plant & Equipment (Net)
$3736.00
3900.50
4101.70
5525.80
8539.00
9652.00
9175.00
8623.00
8450.00
7891.00
7324.00
6691.00
7400.00
6582.00
7222.00
5.86%9.72%Goodwill & Intangibles
$2064.50
2064.50
2095.80
2092.80
2390.10
2345.00
2371.00
2353.00
2365.00
2374.00
2091.00
2089.00
3033.00
2089.00
3027.00
3.26%44.90%Other Assets
$446.80
458.70
924.50
243.60
384.90
340.00
344.00
318.00
295.00
311.00
285.00
786.00
867.00
798.00
864.00
5.68%8.27%Assets (Non-current)
$7175.90
7359.30
8048.00
8723.70
11611.80
12476.00
11998.00
11387.00
11198.00
10656.00
9782.00
9640.00
11326.00
9550.00
11142.00
3.88%16.67%Assets (Total)
$8974.50
10166.90
10678.10
11338.20
12738.90
15131.00
13463.00
12661.00
12172.00
12023.00
12375.00
13313.00
14376.00
13398.00
13861.00
4.00%3.46%Accounts Payable
$456.20
553.60
637.40
605.90
923.20
639.00
474.00
550.00
438.00
424.00
589.00
578.00
532.00
462.00
501.00
1.29%8.44%Debt (Current)
$
5.00
90.00
249.00
Other Liabilities (Current)
$575.00
391.60
190.90
373.80
292.00
47.00
106.00
155.00
137.00
233.00
843.00
417.00
268.00
400.00
189.00
-6.16%-52.75%Liabilities (Current)
$1031.20
950.20
828.30
979.70
1215.20
686.00
580.00
705.00
665.00
906.00
1432.00
995.00
800.00
862.00
690.00
-2.09%-19.95%Debt (Non-current)
$1617.80
1600.00
3098.10
4592.50
5592.70
5778.00
4692.00
4698.00
4150.00
3712.00
3465.00
2965.00
2968.00
2966.00
2969.00
5.19%0.10%Other Liabilities
$1392.60
1334.50
1313.30
1193.50
1543.80
2175.00
1507.00
1527.00
1720.00
1802.00
1442.00
1500.00
2235.00
1480.00
2206.00
4.02%49.05%Liabilities (Non-current)
$3010.40
2934.50
4411.40
5786.00
7136.50
7953.00
6199.00
6225.00
5870.00
5514.00
4907.00
4465.00
5203.00
4446.00
5175.00
4.67%16.40%Liabilities (Total)
$4041.60
3884.70
5239.70
6765.70
8351.70
8639.00
6779.00
6930.00
6535.00
6420.00
6339.00
5460.00
6003.00
5308.00
5865.00
3.35%10.49%Treasury Stock
$-1000.20
-2.30
-201.80
222.20
152.70
1.00
504.00
4.00
2.00
97.00
374.00
285.57%Retained Earnings
$2841.00
3461.10
3725.60
3175.30
3057.90
2365.00
2443.00
2463.00
1958.00
1927.00
2088.00
3867.00
4535.00
4348.00
4634.00
3.97%6.58%AOCI
$-99.30
-49.60
-42.60
-159.80
-249.80
-398.00
-263.00
-371.00
-366.00
-320.00
-257.00
-230.00
-209.00
-224.00
-225.00
-0.45%Shareholder's Equity
$4932.90
6282.20
5438.40
4572.50
4387.20
6492.00
6684.00
5731.00
5637.00
5603.00
6036.00
7853.00
8373.00
8090.00
7996.00
4.51%-1.16%Liabilities & Equity
$8974.50
10166.90
10678.10
11338.20
12738.90
15131.00
13463.00
12661.00
12172.00
12023.00
12375.00
13313.00
14376.00
13398.00
13861.00
4.00%3.46%Net Income/Loss
$1761.00
1923.40
1532.80
1436.80
734.10
-158.00
450.00
428.00
646.00
432.00
1260.00
3937.00
1838.00
650.00
238.00
0.36%-63.38%Depreciation & Amortization
$416.20
419.80
410.60
392.50
479.60
678.00
883.00
888.00
875.00
892.00
888.00
850.00
869.00
206.00
253.00
6.33%22.82%Increase/Decrease in Working Capital
$134.30
-296.30
284.10
-194.70
345.80
803.00
-839.00
-127.00
112.00
-12.00
-448.00
900.00
-20.00
-213.00
17.00
107.98%Share-based Compensation
$10.60
11.90
12.60
16.60
16.80
19.00
17.00
22.00
28.00
25.00
30.00
41.00
37.00
12.00
13.00
10.98%8.33%Adjustments to Reconcile Net Income
$317.90
452.20
-66.00
-28.20
469.60
775.00
1181.00
1069.00
859.00
799.00
1613.00
-82.00
919.00
297.00
207.00
9.25%-30.30%Net Cash (Operating)
$2078.90
2375.60
1466.80
1408.60
1203.70
617.00
1631.00
1497.00
1505.00
1231.00
2873.00
3855.00
2757.00
947.00
445.00
2.38%-53.01%Capital Expenditure
$192.50
506.50
-1755.10
425.50
2995.70
2197.00
437.00
784.00
334.00
307.00
513.00
452.00
1721.00
69.00
98.00
20.03%42.03%Net Cash (Investing)
$-173.80
-513.50
-1019.30
-343.50
-2975.90
-2177.00
-408.00
-375.00
-319.00
-299.00
-466.00
-440.00
-1679.00
-34.00
-100.00
-194.12%Increase/Decrease in Debt
$346.00
94.00
1498.00
1494.20
1000.00
74.00
-1148.00
-769.00
-518.00
-507.00
Increase/Decrease in Equity
$-998.70
-500.00
1423.60
-1950.90
-602.70
-31.00
-454.00
-354.00
-95.00
-475.00
-1245.00
-580.00
-54.00
-338.00
-525.93%Dividends Paid
$214.40
-129.10
-202.80
301.70
327.30
399.00
411.00
419.00
451.00
432.00
454.00
925.00
770.00
334.00
241.00
11.24%-27.84%Net Cash (Financing)
$-1499.40
-796.80
-980.30
-775.10
79.90
2439.00
-1564.00
-1270.00
-1583.00
-542.00
-1463.00
-2700.00
-1372.00
-410.00
-602.00
-46.83%Effect of Exchange Rate
$3.60
2.60
-31.30
-4.20
-18.30
-1.00
12.00
-5.00
2.00
6.00
1.00
-20.00
3.00
-1.00
-2.00
-1.51%-100.00%Increase/Decrease in Cash
$409.30
1067.90
-564.10
285.80
-1710.60
878.00
-329.00
-153.00
-395.00
396.00
945.00
695.00
-291.00
502.00
-259.00
-151.59%Cash (Beginning)
$797.70
1207.00
2274.90
1710.80
1996.60
286.00
1164.00
835.00
682.00
2323.00
2323.00
2032.00
9.32%-12.53%Cash (Ending)
$1207.00
2274.90
1710.80
1996.60
286.00
1164.00
835.00
682.00
287.00
2032.00
2825.00
1773.00
4.44%-37.24%NOPAT
$1813.26
1950.93
1662.44
1530.17
746.59
93.68
1282.40
599.36
839.30
581.29
1411.89
4170.36
1823.28
655.56
240.38
0.05%-63.33%Gross Margin %
47.49%
51.00%
46.03%
37.50%
35.91%
22.80%
10.41%
20.70%
25.58%
19.42%
36.51%
52.40%
38.38%
42.89%
27.82%
Operating Margin %
45.76%
48.48%
44.05%
49.89%
27.69%
3.64%
5.54%
17.30%
21.85%
15.11%
26.45%
48.25%
33.63%
41.05%
20.61%
NOPAT Margin %
29.74%
31.96%
30.37%
32.26%
17.33%
2.54%
31.05%
13.53%
18.29%
14.10%
21.60%
37.28%
27.50%
32.58%
16.35%
Net Margin %
25.24%
30.29%
26.75%
29.31%
16.25%
-7.52%
8.67%
6.55%
10.74%
7.69%
14.03%
29.91%
23.00%
27.83%
13.20%
Tax Rate %
35.02%
34.08%
31.07%
35.34%
37.42%
30.09%
-460.00%
21.76%
16.32%
6.70%
18.34%
22.73%
18.24%
20.63%
20.67%
ROA
20.20%
19.19%
15.57%
13.50%
5.86%
0.62%
9.53%
4.73%
6.90%
4.83%
11.41%
31.33%
12.68%
4.89%
1.73%
ROE
36.76%
31.05%
30.57%
33.46%
17.02%
1.44%
19.19%
10.46%
14.89%
10.37%
23.39%
53.11%
21.78%
8.10%
3.01%
ROIC
29.06%
30.86%
25.38%
19.80%
6.82%
0.71%
10.64%
5.27%
7.45%
5.39%
14.17%
40.16%
15.99%
7.13%
2.24%
Asset Turnover
0.68
0.60
0.51
0.42
0.34
0.24
0.31
0.35
0.38
0.34
0.53
0.84
0.46
0.15
0.11
Inventory Turnover
10.53
10.76
10.77
14.61
8.60
8.39
13.45
11.37
9.73
11.58
10.17
11.23
13.67
2.67
3.92
Equity Multiplier
1.82
1.62
1.96
2.48
2.90
2.33
2.01
2.21
2.16
2.15
2.05
1.70
1.72
1.66
1.73
Current Ratio
1.74
2.95
3.18
2.67
0.93
3.87
2.53
1.81
1.46
1.51
1.81
3.69
3.81
4.46
3.94
Quick Ratio
1.43
2.62
2.53
2.32
0.47
2.05
1.97
1.30
0.80
1.05
1.48
2.92
3.17
3.84
3.34
Debt/Equity Ratio
0.33
0.26
0.57
1.00
1.27
0.89
0.70
0.82
0.75
0.71
0.57
0.38
0.35
0.37
0.37
Working Capital/Sales
0.07
0.06
0.06
0.02
0.00
0.30
0.12
0.09
0.10
0.13
0.08
0.14
0.15
0.26
0.31
Dividend Payout Ratio %
11.82%
-6.62%
-12.20%
19.72%
43.84%
425.91%
32.05%
69.91%
53.74%
74.32%
32.16%
22.18%
42.23%
50.95%
100.26%
Total Payout
$867.10
276.90
-3124.40
758.40
-70.00
356.00
1559.00
873.00
1574.00
527.00
1447.00
2677.00
1350.00
388.00
579.00
3.76%49.23%Payout Ratio %
47.82%
14.19%
-187.94%
49.56%
-9.38%
380.01%
121.57%
145.66%
187.54%
90.66%
102.49%
64.19%
74.04%
59.19%
240.87%