For the quarter ending 2025-09-30, CF had $152M increase in cash & cash equivalents over the period. $717M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net earnings | 460 | 492 | 351 | 392 |
| Depreciation and amortization | 217 | 232 | 221 | 221 |
| Deferred income taxes | 51 | -12 | -26 | -46 |
| Stock-based compensation expense | 13 | 12 | 10 | 10 |
| Loss on debt extinguishment | - | - | - | 0 |
| Unrealized net loss (gain) on natural gas derivatives | 1 | 0 | -2 | 2 |
| Impairment of equity method investment in plnl | - | - | - | 0 |
| Unrealized gain on embedded derivative | - | - | - | 0 |
| U.k. long-lived and intangible asset impairment | - | - | - | 0 |
| Pension settlement loss and curtailment gains | - | - | - | 0 |
| Gain on sale of emission credits | 8 | -47 | - | 47 |
| Loss on disposal of property, plant and equipment | -1 | 0 | -1 | -5 |
| Loss on sale of ince facility | 0 | 0 | -23 | - |
| Undistributed (earnings) losses of affiliatenet of taxes | - | - | - | 2 |
| Undistributed earnings of affiliatenet of taxes | 1 | 2 | 3 | - |
| Accounts receivablenet | 37 | 1 | 177 | -75 |
| Inventories | 48 | -37 | 43 | 19 |
| Accrued and prepaid income taxes | -76 | 6 | 89 | -22 |
| Accounts payable and accrued expenses | 56 | -12 | 16 | 53 |
| Customer advances | 444 | -209 | 123 | -229 |
| Othernet | -7 | 20 | 0 | -17 |
| Net cash provided by operating activities | 1,064 | 563 | 586 | 420 |
| Additions to property, plant and equipment | 347 | 245 | 132 | 197 |
| Purchase of waggaman ammonia production facility | 0 | -2 | - | - |
| Proceeds from sale of property, plant and equipment | 0 | 4 | 2 | 3 |
| Purchase of waggaman ammonia production facility | - | - | - | -2 |
| Distributions received from unconsolidated affiliate | - | - | - | 0 |
| Purchase of investments held in nonqualified employee benefit trust | - | - | - | 2 |
| Proceeds from sale of ince facility | 0 | 0 | 4 | - |
| Proceeds from sale of investments held in nonqualified employee benefit trust | 0 | -1 | - | 2 |
| Purchase of emission credits | 0 | 1 | 0 | 1 |
| Proceeds from sale of emission credits | 8 | 0 | - | 0 |
| Othernet | - | - | - | 0 |
| Net cash used in investing activities | -339 | -242 | -126 | -196 |
| Payments of long-term borrowings | - | - | - | 0 |
| Financing fees | 1 | - | - | 0 |
| Dividends paid on common stock | 81 | 81 | 86 | 86 |
| Contributions from noncontrolling interests | 56 | 235 | - | - |
| Distributions to noncontrolling interest | 175 | 0 | 129 | 0 |
| Purchases of treasury stock | 360 | 216 | 444 | 375 |
| Proceeds from issuances of common stock under employee stock plans | 0 | 1 | - | 2 |
| Cash paid for shares withheld for taxes | 1 | 0 | 13 | 1 |
| Net cash used in financing activities | -562 | -62 | -671 | -462 |
| Effect of exchange rate changes on cash and cash equivalents | -11 | 21 | 3 | -25 |
| Increase (decrease) in cash and cash equivalents | 152 | 280 | -208 | -263 |
| Cash and cash equivalents at beginning of period | 1,686 | 1,406 | 1,614 | 1,877 |
| Cash and cash equivalents at end of period | 1,838 | 1,686 | 1,406 | 1,614 |
CF Industries Holdings, Inc. (CF)
CF Industries Holdings, Inc. (CF)