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	1,798	1,477	1,838	3,937	1,260
Depreciation & Amortization	898	925	869	850	888
Stock-Based Compensation	45	36	37	41	30
Other Adjustments	151	-187	10	179	318
Change in Receivables	-98	77	100	-110	-235
Changes in Inventories	-88	-28	152	-93	-123
Changes in Accounts Payable	72	44	-88	1	142
Changes in Income Taxes Payable	38	1	-44	-227	94
Changes in Unearned Revenue	-41	-11	-100	-471	570
Changes in Other Operating Activities	20	-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	10	3	1	1	1
Purchases of Investments	-	-	-	-1	-13
Proceeds from Sale of Investments	-	-	-	1	12
Payments for Business Acquisitions	-	2	-1,223	-	-
Other Investing Activities	7	44	42	12	48
Investing Cash Flow	-933	-469	-1,679	-440	-466
Short-Term Debt Repaid	-754	-	-	-	-
Net Short-Term Debt Issued (Repaid)	-754	-	-	-	-
Long-Term Debt Issued	999	-	-	-	-
Long-Term Debt Repaid	-	-	-	-507	-5
Net Long-Term Debt Issued (Repaid)	999	-	-	-507	-5
Issuance of Common Stock	1	2	2	106	64
Repurchase of Common Stock	-1,379	-1,535	-602	-1,370	-550
Net Common Stock Issued (Repurchased)	-1,378	-1,533	-600	-1,264	-486
Common Dividends Paid	-326	-364	-311	-306	-260
Other Financing Activities	-25	-310	-459	-623	-712
Financing Cash Flow	-1,484	-2,205	-1,372	-2,700	-1,463
Effect of Exchange Rate Changes on Cash and Cash Equivalents	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%
FCF 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
Levered Free Cash Flow	1,649	1,568	1,755	2,194	1,898
Unlevered Free Cash Flow	1,796	1,814	2,053	3,525	2,398

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.