CF Industries Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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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.
FY2024 · Filed Feb 20, 2025
CF$122.36+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (in millions) | |||
| Operating Activities: | |||
| Net earnings | $1,477 | $1,838 | $3,937 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 925 | 869 | 850 |
| Deferred income taxes | (115) | 81 | (107) |
| Stock-based compensation expense | 36 | 37 | 41 |
| Loss on debt extinguishment | — | — | 8 |
| Unrealized net (gain) loss on natural gas derivatives | (35) | (39) | 41 |
| Impairment of equity method investment in PLNL | — | 43 | — |
| Unrealized gain on embedded derivative | — | — | (14) |
| U.K. long-lived and intangible asset impairment | — | — | 239 |
| Pension settlement loss and curtailment gains | — | — | 17 |
| Gain on sale of emission credits | (47) | (39) | (6) |
| Loss on disposal of property, plant and equipment | 12 | 4 | 2 |
| Undistributed (earnings) losses of affiliate—net of taxes | (2) | 3 | (1) |
| Changes in assets and liabilities, net of acquisition: | |||
| Accounts receivable—net | 77 | 100 | (110) |
| Inventories | (28) | 152 | (93) |
| Accrued and prepaid income taxes | 1 | (44) | (227) |
| Accounts payable and accrued expenses | 44 | (88) | 1 |
| Customer advances | (11) | (100) | (471) |
| Other—net | (63) | (60) | (252) |
| Net cash provided by operating activities | 2,271 | 2,757 | 3,855 |
| Investing Activities: | |||
| Additions to property, plant and equipment | (518) | (499) | (453) |
| Proceeds from sale of property, plant and equipment | 3 | 1 | 1 |
| Purchase of Waggaman ammonia production facility | 2 | (1,223) | — |
| Distributions received from unconsolidated affiliate | — | — | 6 |
| Purchase of investments held in nonqualified employee benefit trust | (2) | (1) | (1) |
| Proceeds from sale of investments held in nonqualified employee benefit trust | 2 | 1 | 1 |
| Purchase of emission credits | (3) | (2) | (9) |
| Proceeds from sale of emission credits | 47 | 39 | 15 |
| Other—net | — | 5 | — |
| Net cash used in investing activities | (469) | (1,679) | (440) |
| Financing Activities: | |||
| Payments of long-term borrowings | — | — | (507) |
| Financing fees | — | (2) | (4) |
| Dividends paid on common stock | (364) | (311) | (306) |
| Distributions to noncontrolling interest | (308) | (459) | (619) |
| Purchases of treasury stock | (1,509) | (580) | (1,347) |
| Proceeds from issuances of common stock under employee stock plans | 2 | 2 | 106 |
| Cash paid for shares withheld for taxes | (26) | (22) | (23) |
| Net cash used in financing activities | (2,205) | (1,372) | (2,700) |
| Effect of exchange rate changes on cash and cash equivalents | (15) | 3 | (20) |
| (Decrease) increase in cash and cash equivalents | (418) | (291) | 695 |
| Cash and cash equivalents at beginning of period | 2,032 | 2,323 | 1,628 |
| Cash and cash equivalents at end of period | $1,614 | $2,032 | $2,323 |
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