CF Industries Holdings Inc

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

CF$119.28-0.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Year ended December 31,
	2023	2022	2021
(in millions, except per share amounts)
Net sales	$6,631	$11,186	$6,538
Cost of sales	4,086	5,325	4,151
Gross margin	2,545	5,861	2,387
Selling, general and administrative expenses	289	290	223
U.K. goodwill impairment	—	—	285
U.K. long-lived and intangible asset impairment	—	239	236
U.K. operations restructuring	10	19	—
Acquisition and integration costs	39	—	—
Other operating—net	(31)	10	(39)
Total other operating costs and expenses	307	558	705
Equity in (loss) earnings of operating affiliate	(8)	94	47
Operating earnings	2,230	5,397	1,729
Interest expense	150	344	184
Interest income	(158)	(65)	(1)
Loss on debt extinguishment	—	8	19
Other non-operating—net	(10)	15	(16)
Earnings before income taxes	2,248	5,095	1,543
Income tax provision	410	1,158	283
Net earnings	1,838	3,937	1,260
Less: Net earnings attributable to noncontrolling interest	313	591	343
Net earnings attributable to common stockholders	$1,525	$3,346	$917
Net earnings per share attributable to common stockholders:
Basic	$7.89	$16.45	$4.27
Diluted	$7.87	$16.38	$4.24
Weighted-average common shares outstanding:
Basic	193.3	203.3	215.0
Diluted	193.8	204.2	216.2

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