CF Industries Holdings, Inc. (CF)

CF Industries Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	2,123	1,798	1,477	1,838	3,937	1,260
Depreciation & Amortization	905	898	925	869	850	888
Stock-Based Compensation	46	45	36	37	41	30
Other Adjustments	-109	151	-187	10	179	318
Change in Receivables	-160	-98	77	100	-110	-235
Changes in Inventories	-43	-88	-28	152	-93	-123
Changes in Accounts Payable	-19	72	44	-88	1	142
Changes in Income Taxes Payable	93	38	1	-44	-227	94
Changes in Unearned Revenue	-109	-41	-11	-100	-471	570
Changes in Other Operating Activities	-72	20	-63	-60	-252	-71
Operating Cash Flow	2,662	2,752	2,271	2,757	3,855	2,873
Operating Cash Flow Growth	10.37%	21.18%	-17.63%	-28.48%	34.18%	133.39%
Capital Expenditures	-1,041	-950	-518	-499	-453	-514
Sale of Property, Plant & Equipment	4	10	3	1	1	1
Purchases of Investments	-	-	-	-	-1	-13
Proceeds from Sale of Investments	1	-	-	-	1	12
Payments for Business Acquisitions	-	-	2	-1,223	-	-
Other Investing Activities	5	7	44	42	12	48
Investing Cash Flow	-1,032	-933	-469	-1,679	-440	-466
Short-Term Debt Repaid	-754	-754	-	-	-	-
Net Short-Term Debt Issued (Repaid)	-754	-754	-	-	-	-
Long-Term Debt Issued	999	999	-	-	-	-
Long-Term Debt Repaid	-	-	-	-	-507	-5
Net Long-Term Debt Issued (Repaid)	999	999	-	-	-507	-5
Issuance of Common Stock	1	1	2	2	106	64
Repurchase of Common Stock	-960	-1,379	-1,535	-602	-1,370	-550
Net Common Stock Issued (Repurchased)	-959	-1,378	-1,533	-600	-1,264	-486
Common Dividends Paid	-318	-326	-364	-311	-306	-260
Other Financing Activities	20	-25	-310	-459	-623	-712
Financing Cash Flow	-1,012	-1,484	-2,205	-1,372	-2,700	-1,463
Effect of Exchange Rate Changes on Cash and Cash Equivalents	18	33	-15	3	-20	1
Net Cash Flow	636	368	-418	-291	695	945
Free Cash Flow	1,621	1,802	1,753	2,258	3,402	2,359
Free Cash Flow Growth	-10.04%	2.79%	-22.36%	-33.63%	44.21%	155.86%
FCF Margin	21.88%	25.44%	29.53%	34.05%	30.41%	36.08%
Free Cash Flow Per Share	10.21	11.11	9.70	11.65	16.66	10.91
Levered Free Cash Flow	1,717	1,649	1,568	1,755	2,194	1,898
Unlevered Free Cash Flow	1,887	1,796	1,814	2,053	3,525	2,398

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q