CF Industries Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,455	1,218	1,525	3,346	917
Depreciation & Amortization	898	925	869	850	888
Loss (Gain) From Sale of Assets	18	-35	-35	-4	-46
Asset Writedown & Restructuring Costs	76	-	-	239	521
Loss (Gain) From Sale of Investments	-	-	43	-	-
Loss (Gain) on Equity Investments	-4	-2	3	-1	-6
Stock-Based Compensation	45	36	37	41	30
Other Operating Activities	381	109	355	536	192
Change in Accounts Receivable	-98	77	100	-110	-235
Change in Inventory	-88	-28	152	-93	-123
Change in Accounts Payable	72	44	-88	1	142
Change in Unearned Revenue	-41	-11	-100	-471	570
Change in Income Taxes	38	1	-44	-227	94
Change in Other Net Operating Assets	-	-63	-60	-252	-71
Operating Cash Flow	2,752	2,271	2,757	3,855	2,873
Operating Cash Flow Growth	21.18%	-17.63%	-28.48%	34.18%	133.39%
Capital Expenditures	-950	-518	-499	-453	-514
Sale of Property, Plant & Equipment	6	3	1	1	1
Cash Acquisitions	-	2	-1,223	-	-
Divestitures	4	-	-	-	-
Investment in Securities	-	-	-	6	-
Other Investing Activities	7	44	42	6	47
Investing Cash Flow	-933	-469	-1,679	-440	-466
Long-Term Debt Issued	999	-	-	-	-
Total Debt Issued	999	-	-	-	-
Short-Term Debt Repaid	-754	-	-	-	-
Long-Term Debt Repaid	-	-	-	-507	-518
Total Debt Repaid	-754	-	-	-507	-518
Net Debt Issued (Repaid)	245	-	-	-507	-518
Issuance of Common Stock	1	2	2	106	64
Repurchase of Common Stock	-1,379	-1,535	-602	-1,370	-550
Common Dividends Paid	-326	-364	-311	-306	-260
Other Financing Activities	-25	-308	-461	-623	-199
Financing Cash Flow	-1,484	-2,205	-1,372	-2,700	-1,463
Foreign Exchange Rate Adjustments	33	-15	3	-20	1
Net Cash Flow	368	-418	-291	695	945
Free Cash Flow	1,802	1,753	2,258	3,402	2,359
Free Cash Flow Growth	2.79%	-22.36%	-33.63%	44.21%	155.86%
Free Cash Flow Margin	25.44%	29.53%	34.05%	30.41%	36.08%
Free Cash Flow Per Share	11.11	9.70	11.65	16.66	10.91
Cash Interest Paid	-	118	145	257	176
Cash Income Tax Paid	-	410	373	1,776	430
Levered Free Cash Flow	1,332	1,586	1,862	2,879	2,145
Unlevered Free Cash Flow	1,429	1,661	1,955	3,094	2,260
Change in Working Capital	-117	20	-40	-1,152	377

Source: S&P Global Market Intelligence. Standard template. Financial Sources.