CF Industries Holdings, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.80B | $1.48B | $1.84B | $3.94B | $1.26B | $432.0M | $646.0M | $428.0M |
| Depreciation & Amortization | $898.0M | $925.0M | $869.0M | $850.0M | $888.0M | $892.0M | $875.0M | $888.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | $3.0M | $8.0M | $8.0M | $8.0M | $7.0M |
| Stock-Based Compensation | $45.0M | $36.0M | $37.0M | $41.0M | $30.0M | $25.0M | $28.0M | $22.0M |
| Net Cash from Operating Activities | $2.75B | $2.27B | $2.76B | $3.86B | $2.87B | $1.23B | $1.51B | $1.50B |
| Investing Activities | ||||||||
| Capital Expenditures | $950.0M | $518.0M | $499.0M | $453.0M | $514.0M | $309.0M | $404.0M | $422.0M |
| Business Acquisitions | $0 | $-2.0M | $1.22B | $0 | $0 | — | — | — |
| Net Cash from Investing Activities | $-933.0M | $-469.0M | $-1.68B | $-440.0M | $-466.0M | $-299.0M | $-319.0M | $-375.0M |
| Financing Activities | ||||||||
| Dividends Paid | $326.0M | $364.0M | $311.0M | $306.0M | $260.0M | $258.0M | $265.0M | $280.0M |
| Stock Repurchases | $1.37B | $1.51B | $580.0M | $1.35B | $539.0M | $100.0M | $370.0M | $467.0M |
| Net Cash from Financing Activities | $-1.48B | $-2.21B | $-1.37B | $-2.70B | $-1.46B | $-542.0M | $-1.58B | $-1.27B |
| Net Change in Cash | $368.0M | $-418.0M | $-291.0M | $695.0M | $945.0M | $396.0M | $-395.0M | $-153.0M |
| Free Cash Flow | $1.80B | $1.75B | $2.26B | $3.40B | $2.36B | $922.0M | $1.10B | $1.08B |