← 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 sales | $3.7b | $4.1b | $4.4b | $4.6b | $4.1b | $6.5b | $11.2b | $6.6b | $5.9b | $7.1b | |
| Cost of sales | $2.8b | $3.7b | $3.5b | $3.4b | $3.3b | $4.2b | $5.3b | $4.1b | $3.9b | $4.4b | |
| Total other operating costs and expenses | $561.0m | $210.0m | $187.0m | $166.0m | $189.0m | $705.0m | $558.0m | $307.0m | $314.0m | $438.0m | |
| Gross margin | $840.0m | $430.0m | $917.0m | $1.2b | $801.0m | $2.4b | $5.9b | $2.5b | $2.1b | $2.7b | |
| Asset impairment | — | — | — | — | — | — | — | $0 | $0 | $76.0m | |
| U.K. operations restructuring | — | — | — | — | $0 | $0 | $19.0m | $10.0m | $0 | $23.0m | |
| Other operating—net | $208.0m | $18.0m | ($27.0m) | ($73.0m) | ($17.0m) | ($39.0m) | $10.0m | ($31.0m) | ($10.0m) | ($25.0m) | |
| Equity in earnings (loss) of operating affiliate | ($145.0m) | $9.0m | $36.0m | ($5.0m) | $11.0m | $47.0m | $94.0m | ($8.0m) | $4.0m | $14.0m | |
| Operating earnings | $134.0m | $229.0m | $766.0m | $1.0b | $623.0m | $1.7b | $5.4b | $2.2b | $1.7b | $2.3b | |
| Interest income | ($5.0m) | ($12.0m) | ($13.0m) | ($20.0m) | ($18.0m) | ($1.0m) | ($65.0m) | ($158.0m) | ($123.0m) | ($81.0m) | |
| Loss on debt extinguishment | ($167.0m) | ($53.0m) | $0 | $21.0m | $0 | $19.0m | $8.0m | $0 | $0 | $6.0m | |
| Other non-operating—net | ($2.0m) | ($2.0m) | ($9.0m) | ($7.0m) | ($1.0m) | ($16.0m) | $15.0m | ($10.0m) | ($14.0m) | ($19.0m) | |
| Earnings before income taxes | ($226.0m) | ($125.0m) | $547.0m | $772.0m | $463.0m | $1.5b | $5.1b | $2.2b | $1.8b | $2.2b | |
| Income tax provision | ($68.0m) | ($575.0m) | $119.0m | $126.0m | $31.0m | $283.0m | $1.2b | $410.0m | $285.0m | $441.0m | |
| Net earnings | ($158.0m) | $450.0m | $428.0m | $646.0m | $432.0m | $1.3b | $3.9b | $1.8b | $1.5b | $1.8b | |
| Less: Net earnings attributable to noncontrolling interests | $119.0m | $92.0m | $138.0m | $153.0m | $115.0m | $343.0m | $591.0m | $313.0m | $259.0m | $343.0m | |
| Net earnings attributable to common stockholders | ($277.0m) | $358.0m | $290.0m | $493.0m | $317.0m | $917.0m | $3.3b | $1.5b | $1.2b | $1.5b | |
| Basic | ($1.19) | $1.53 | $1.25 | $2.24 | $1.48 | $4.27 | $16.46 | $7.89 | $6.75 | $8.98 | |
| Diluted | ($1.19) | $1.53 | $1.24 | $2.22 | $1.47 | $4.24 | $16.39 | $7.87 | $6.74 | $8.97 | |
| Selling, general and administrative expenses | $174.0m | $192.0m | $214.0m | $239.0m | $206.0m | $223.0m | $290.0m | $289.0m | $320.0m | $364.0m | |
| Acquisition and integration costs | $179.0m | $0 | $0 | — | — | $0 | $0 | $39.0m | $4.0m | $0 | |
| Interest expense | $200.0m | $315.0m | $241.0m | $237.0m | $179.0m | $184.0m | $344.0m | $150.0m | $121.0m | $155.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.