← CF Industries Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net earnings | ($158.0m) | $450.0m | $428.0m | $646.0m | $432.0m | $1.3b | $3.9b | $1.8b | $1.5b | $1.8b | |
| Depreciation and amortization | $678.0m | $883.0m | $888.0m | $875.0m | $892.0m | $888.0m | $850.0m | $869.0m | $925.0m | $898.0m | |
| Deferred income taxes | $739.0m | ($601.0m) | $78.0m | $149.0m | ($74.0m) | ($196.0m) | ($107.0m) | $81.0m | ($115.0m) | $6.0m | |
| Impairment of equity method investment in PLNL | $134.0m | $0 | $0 | — | — | $0 | $0 | $43.0m | $0 | $0 | |
| Asset impairment | — | — | — | — | — | — | — | $0 | $0 | $76.0m | |
| Loss on debt extinguishment | $167.0m | $53.0m | $0 | $21.0m | $0 | $19.0m | $8.0m | $0 | $0 | $6.0m | |
| Loss on disposal of property, plant and equipment | $10.0m | $3.0m | $6.0m | ($40.0m) | $15.0m | $3.0m | $2.0m | $4.0m | $12.0m | $3.0m | |
| Stock-based compensation expense | $19.0m | $17.0m | $22.0m | $28.0m | $25.0m | $30.0m | $41.0m | $37.0m | $36.0m | $45.0m | |
| Unrealized net loss (gain) on natural gas derivatives | ($260.0m) | $61.0m | ($13.0m) | $14.0m | ($6.0m) | $25.0m | $41.0m | ($39.0m) | ($35.0m) | $5.0m | |
| Pension settlement loss | — | — | — | — | $0 | $0 | $17.0m | $0 | $0 | $1.0m | |
| Gain on sale of emission credits | — | — | — | $0 | $0 | ($49.0m) | ($6.0m) | ($39.0m) | ($47.0m) | ($8.0m) | |
| Loss on sale of Ince facility | $0 | — | — | — | — | — | — | $0 | $0 | $23.0m | |
| Undistributed (earnings) loss of affiliate—net of taxes | $9.0m | $3.0m | ($3.0m) | $2.0m | ($1.0m) | ($6.0m) | ($1.0m) | $3.0m | ($2.0m) | ($4.0m) | |
| Accounts receivable—net | $18.0m | ($57.0m) | $68.0m | ($6.0m) | ($19.0m) | ($235.0m) | ($110.0m) | $100.0m | $77.0m | ($98.0m) | |
| Inventories | ($7.0m) | $40.0m | ($52.0m) | ($26.0m) | $27.0m | ($123.0m) | ($93.0m) | $152.0m | ($28.0m) | ($88.0m) | |
| Accrued and prepaid income taxes | ($676.0m) | $809.0m | $8.0m | $22.0m | $8.0m | $94.0m | ($227.0m) | ($44.0m) | $1.0m | $38.0m | |
| Accounts payable and accrued expenses | ($18.0m) | ($1.0m) | $44.0m | ($72.0m) | ($15.0m) | $142.0m | $1.0m | ($88.0m) | $44.0m | $72.0m | |
| Customer advances | ($120.0m) | $48.0m | $59.0m | ($30.0m) | $11.0m | $570.0m | ($471.0m) | ($100.0m) | ($11.0m) | ($41.0m) | |
| Other—net | $0 | $1.0m | $1.0m | $0 | $0 | ($71.0m) | ($252.0m) | $5.0m | $0 | $0 | |
| Purchase of Waggaman ammonia production facility | $0 | $0 | — | — | — | $0 | $0 | ($1.2b) | $2.0m | $0 | |
| Proceeds from sale of Ince facility | $0 | — | — | — | — | — | — | $0 | $0 | $4.0m | |
| Purchase of emission credits | — | — | — | $0 | $0 | ($10.0m) | ($9.0m) | ($2.0m) | ($3.0m) | ($1.0m) | |
| Proceeds from sale of emission credits | — | — | — | $0 | $0 | $58.0m | $15.0m | $39.0m | $47.0m | $8.0m | |
| Proceeds from long-term borrowings | $1.2b | $0 | $0 | — | — | — | — | $0 | $0 | $999.0m | |
| Repayments of short-term borrowings | ($150.0m) | $0 | $0 | $0 | ($500.0m) | $0 | $0 | $0 | $0 | ($754.0m) | |
| Financing fees | ($31.0m) | ($1.0m) | $1.0m | ($3.0m) | $0 | $0 | ($4.0m) | ($2.0m) | $0 | ($12.0m) | |
| Purchases of treasury stock | $0 | $0 | ($467.0m) | ($370.0m) | ($100.0m) | ($539.0m) | ($1.3b) | ($580.0m) | ($1.5b) | ($1.4b) | |
| Net cash provided by operating activities | $617.0m | $1.6b | $1.5b | $1.5b | $1.2b | $2.9b | $3.9b | $2.8b | $2.3b | $2.8b | |
| Additions to property, plant and equipment | ($2.2b) | ($473.0m) | ($422.0m) | ($404.0m) | ($309.0m) | ($514.0m) | ($453.0m) | ($499.0m) | ($518.0m) | ($950.0m) | |
| Proceeds from sale of property, plant and equipment | $14.0m | $20.0m | $26.0m | $70.0m | $2.0m | $1.0m | $1.0m | $1.0m | $3.0m | $6.0m | |
| Net cash used in investing activities | ($2.2b) | ($408.0m) | ($375.0m) | ($319.0m) | ($299.0m) | ($466.0m) | ($440.0m) | ($1.7b) | ($469.0m) | ($933.0m) | |
| Proceeds from issuances of common stock under employee stock plans | $0 | $1.0m | $12.0m | $19.0m | $5.0m | $64.0m | $106.0m | $2.0m | $2.0m | $1.0m | |
| Contributions from noncontrolling interests | — | — | — | — | — | — | — | $0 | $0 | $291.0m | |
| Distributions to noncontrolling interests | ($119.0m) | ($131.0m) | ($139.0m) | ($186.0m) | ($174.0m) | ($194.0m) | ($619.0m) | ($459.0m) | ($308.0m) | ($304.0m) | |
| Dividends paid on common stock | ($280.0m) | ($280.0m) | ($280.0m) | ($265.0m) | ($258.0m) | ($260.0m) | ($306.0m) | ($311.0m) | ($364.0m) | ($326.0m) | |
| Net cash used in financing activities | $2.4b | ($1.6b) | ($1.3b) | ($1.6b) | ($542.0m) | ($1.5b) | ($2.7b) | ($1.4b) | ($2.2b) | ($1.5b) | |
| Effect of exchange rate changes on cash and cash equivalents | ($1.0m) | $12.0m | ($5.0m) | $2.0m | $6.0m | $1.0m | ($20.0m) | $3.0m | ($15.0m) | $33.0m | |
| Increase (decrease) in cash and cash equivalents | $878.0m | ($329.0m) | ($153.0m) | ($395.0m) | $396.0m | $945.0m | $695.0m | ($291.0m) | ($418.0m) | $368.0m | |
| Cash and cash equivalents at beginning of period | $286.0m | $1.2b | $682.0m | $287.0m | $683.0m | $1.6b | $2.3b | $2.0b | $1.6b | $2.0b | |
| Cash paid for shares withheld for taxes | — | — | — | ($4.0m) | ($10.0m) | ($11.0m) | ($23.0m) | ($22.0m) | ($26.0m) | ($14.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.