CF Industries Holdings, Inc. (CF) quarterly cash flow statement — complete operating, investing & financing history
CF Industries Holdings, Inc. (CF) cash flow statement — 23-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 1.17B | 878M | 496M | 539M | 1.06B | 563M | 586M | 420M | 931M | 475M | 445M | 478M | 618M | 712M | 947M | 585M | 990M | 889M | 1.39B | 1.48B |
| Operating CF Margin % | 62.9% | 39.51% | 24.97% | 28.79% | 64.13% | 29.79% | 35.24% | 27.56% | 67.96% | 30.22% | 30.27% | 30.43% | 48.55% | 40.11% | 47.07% | 22.43% | 42.65% | 26.23% | 48.5% | 58.27% |
| Operating CF Growth % | 9.96% | 55.95% | -15.36% | 28.33% | 14.29% | 18.53% | 31.69% | -12.13% | 50.65% | -33.29% | -53.01% | -18.29% | -37.58% | -19.91% | -31.92% | -60.47% | 44.1% | 594.53% | 140.66% | 410.34% |
| Net Income | 520M | 869M | 615M | 495M | 460M | 492M | 351M | 392M | 341M | 506M | 238M | 274M | 230M | 606M | 650M | 1.01B | 538M | 1.34B | 1.05B | 859M |
| Depreciation & Amortization | 233M | 215M | 228M | 228M | 217M | 232M | 221M | 221M | 229M | 222M | 253M | 229M | 213M | 221M | 206M | 198M | 221M | 223M | 208M | 238M |
| Stock-Based Compensation | 9M | 9M | 11M | 10M | 13M | 12M | 10M | 10M | 7M | 6M | 13M | 8M | 10M | 7M | 12M | 9M | 10M | 12M | 10M | 7M |
| Deferred Taxes | -9M | -13M | -12M | -7M | 51M | -12M | -26M | -46M | 1M | -59M | -11M | 154M | -20M | -27M | -26M | -100M | -7M | 2M | -2M | -171M |
| Other Non-Cash Items | 4M | 201M | -141M | 91M | -9M | -2M | 22M | -15M | -8M | -81M | -31M | 107M | 42M | -28M | -108M | -252M | 118M | 154M | 14M | 46M |
| Working Capital Changes | 413M | -403M | -205M | -278M | 332M | -159M | 8M | -142M | 361M | -119M | -17M | -294M | 143M | -67M | 213M | -279M | 110M | -841M | 110M | 501M |
| Change in Receivables | 85M | 6M | -239M | 117M | -37M | -1M | -177M | 75M | 47M | 5M | -50M | -65M | -33M | 97M | 101M | 135M | -6M | -54M | -185M | -120M |
| Change in Inventory | -10M | -30M | 2M | -34M | -48M | 37M | -43M | -19M | -3M | -26M | 20M | 22M | -10M | 101M | 39M | 38M | -32M | -33M | -66M | -3M |
| Change in Payables | 28M | 9M | -75M | 12M | 56M | -12M | 16M | 53M | 17M | 0 | 0 | 28M | 22M | -3M | 0 | 1M | -112M | 147M | 76M | 0 |
| Cash from Investing | -282M | -249M | -225M | -226M | -339M | -242M | -126M | -196M | -139M | -34M | -100M | -1.41B | -144M | -93M | -34M | -132M | -187M | -59M | -62M | -83M |
| Capital Expenditures | -282M | -271M | -223M | -225M | -347M | -246M | -132M | -197M | -139M | -84M | -98M | -1.41B | -147M | -95M | -69M | -134M | -190M | -66M | -72M | -132M |
| CapEx % of Revenue | 15.16% | 12.2% | 11.23% | 12.02% | 20.92% | 13.02% | 7.94% | 12.93% | 10.15% | 5.34% | 6.67% | 89.94% | 11.55% | 5.35% | 3.43% | 5.14% | 8.19% | 1.95% | 2.51% | 5.2% |
| Acquisitions | 0 | 0 | 0 | -4M | 0 | 0 | 4M | 3M | 0 | 0 | 0 | 1.23B | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 1M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 22M | -2M | 3M | 8M | 4M | 2M | -1M | 0 | 50M | -2M | -1.22B | 3M | 1M | 35M | 2M | 3M | 7M | 10M | 50M |
| Cash from Financing | -544M | -186M | -199M | -189M | -562M | -62M | -671M | -462M | -745M | -396M | -602M | -300M | -431M | -229M | -410M | -330M | -966M | -1.06B | -339M | -527M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4M | -4M | -507M | 0 | 0 |
| Equity Issued (Net) | -357M | -225M | -27M | 1.02B | -360M | -216M | -443M | -375M | -489M | -305M | -338M | -224M | -150M | -150M | -54M | -251M | -514M | -475M | -1M | -457M |
| Dividends Paid | -91M | -77M | -78M | -78M | -81M | -81M | -86M | -86M | -90M | -91M | -97M | -76M | -77M | -79M | -79M | -79M | -80M | -83M | -64M | -65M |
| Share Repurchases | -357M | -225M | -28M | 1.02B | -360M | -216M | -444M | -375M | -490M | -305M | -339M | -225M | -150M | -151M | -54M | -251M | -519M | -479M | -98M | -489M |
| Other Financing | -96M | 116M | -94M | -1.13B | -121M | 235M | -142M | -1M | -166M | 0 | -167M | -1M | -204M | 0 | -277M | -4M | -372M | 4M | -274M | -5M |
| Net Change in Cash | 340M | 438M | 60M | 144M | 152M | 280M | -208M | -263M | 58M | 46M | -259M | -1.22B | 35M | 394M | 502M | 131M | -178M | -247M | 989M | 871M |
| Free Cash Flow | 888M | 607M | 273M | 313M | 717M | 318M | 454M | 223M | 792M | 391M | 345M | -935M | 471M | 617M | 878M | 451M | 800M | 823M | 1.32B | 1.35B |
| FCF Margin % | 47.74% | 27.32% | 13.75% | 16.72% | 43.22% | 16.83% | 27.3% | 14.63% | 57.81% | 24.87% | 23.47% | -59.52% | 37% | 34.76% | 43.64% | 17.29% | 34.47% | 24.28% | 45.99% | 53.07% |
| FCF Growth % | 23.85% | 90.88% | -39.87% | 40.36% | -9.47% | -18.67% | 31.59% | 123.85% | 68.15% | -36.63% | -60.71% | -307.32% | -41.13% | -25.03% | -33.43% | -66.54% | 68.07% | 4472.22% | 160.16% | 620.86% |
| FCF per Share | 5.86 | 3.94 | 1.77 | 2.01 | 4.45 | 1.95 | 2.69 | 1.29 | 4.43 | 2.14 | 1.83 | -4.91 | 2.44 | 3.16 | 4.46 | 2.28 | 3.98 | 3.94 | 6.28 | 6.26 |
| FCF Conversion (FCF/Net Income) | 2.68x | 1.21x | 0.81x | 1.33x | 3.01x | 1.46x | 1.88x | 1.28x | 3.37x | 1.13x | 2.29x | 1.74x | 3.77x | 1.35x | 1.69x | 0.68x | 2.26x | 0.76x | 1.58x | 2.10x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |