CF Industries Holdings, Inc. (CF)
NYSE: CF · Real-Time Price · USD
125.79
+0.08 (0.06%)
At close: Aug 28, 2026, 4:00 PM EDT
128.47
+2.68 (2.13%)
Pre-market: Aug 31, 2026, 8:32 AM EDT
CF Industries Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 2,099 | 1,455 | 1,218 | 1,525 | 3,346 | 917 |
Depreciation & Amortization | 888 | 898 | 925 | 869 | 850 | 888 |
Loss (Gain) From Sale of Assets | 3 | 18 | -35 | -35 | -4 | -46 |
Asset Writedown & Restructuring Costs | 99 | 76 | - | - | 239 | 521 |
Loss (Gain) From Sale of Investments | - | - | - | 43 | - | - |
Loss (Gain) on Equity Investments | -1 | -4 | -2 | 3 | -1 | -6 |
Stock-Based Compensation | 43 | 45 | 36 | 37 | 41 | 30 |
Other Operating Activities | 208 | 381 | 46 | 295 | 536 | 192 |
Change in Accounts Receivable | -153 | -98 | 77 | 100 | -110 | -235 |
Change in Inventory | -110 | -88 | -28 | 152 | -93 | -123 |
Change in Accounts Payable | 2 | 72 | 44 | -88 | 1 | 142 |
Change in Unearned Revenue | -21 | -41 | -11 | -100 | -471 | 570 |
Change in Income Taxes | -80 | 38 | 1 | -44 | -227 | 94 |
Change in Other Net Operating Assets | - | - | - | - | -252 | -71 |
Operating Cash Flow | 2,977 | 2,752 | 2,271 | 2,757 | 3,855 | 2,873 |
Operating Cash Flow Growth | 19.08% | 21.18% | -17.63% | -28.48% | 34.18% | 133.39% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -1,067 | -950 | -518 | -499 | -453 | -514 |
Sale of Property, Plant & Equipment | 1 | 6 | 3 | 1 | 1 | 1 |
Cash Acquisitions | - | - | 2 | -1,223 | - | - |
Divestitures | - | 4 | - | - | - | - |
Investment in Securities | - | - | - | - | 6 | - |
Other Investing Activities | 27 | 7 | 44 | 42 | 6 | 47 |
Investing Cash Flow | -1,039 | -933 | -469 | -1,679 | -440 | -466 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 999 | - | - | - | - |
Total Debt Issued | 999 | 999 | - | - | - | - |
Short-Term Debt Repaid | - | -754 | - | - | - | - |
Long-Term Debt Repaid | - | - | - | - | -507 | -518 |
Total Debt Repaid | -754 | -754 | - | - | -507 | -518 |
Net Debt Issued (Repaid) | 245 | 245 | - | - | -507 | -518 |
Issuance of Common Stock | 1 | 1 | 2 | 2 | 106 | 64 |
Repurchase of Common Stock | -969 | -1,379 | -1,535 | -602 | -1,370 | -550 |
Common Dividends Paid | -314 | -326 | -364 | -311 | -306 | -260 |
Other Financing Activities | -99 | -25 | -308 | -461 | -623 | -199 |
Financing Cash Flow | -1,136 | -1,484 | -2,205 | -1,372 | -2,700 | -1,463 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -8 | 33 | -15 | 3 | -20 | 1 |
Net Cash Flow | 794 | 368 | -418 | -291 | 695 | 945 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 1,910 | 1,802 | 1,753 | 2,258 | 3,402 | 2,359 |
Free Cash Flow Growth | 6.88% | 2.79% | -22.36% | -33.63% | 44.21% | 155.86% |
Free Cash Flow Margin | 24.68% | 25.44% | 29.53% | 34.05% | 30.41% | 36.08% |
Free Cash Flow Per Share | 12.22 | 11.11 | 9.70 | 11.65 | 16.66 | 10.91 |
Levered Free Cash Flow | 1,277 | 1,308 | 1,586 | 1,862 | 2,879 | 2,145 |
Unlevered Free Cash Flow | 1,384 | 1,405 | 1,661 | 1,955 | 3,094 | 2,260 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 137 | 137 | 118 | 145 | 257 | 176 |
Cash Income Tax Paid | 321 | 321 | 410 | 373 | 1,776 | 430 |
Change in Working Capital | -362 | -117 | 83 | 20 | -1,152 | 377 |