CF Industries Holdings (CF) FY2021 results: revenue $6.5 billion, up 58.5% on the year
CF Industries Holdings, Inc. (CF) reported revenue of $6.5 billion for fiscal 2021, the year ended 31 December 2021, up 58.5% on the year before. Net income was $917 million, up 189.3%, and diluted earnings per share $4.24. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$6.5 billion
+58.5% on the year
FY2014FY2021
Operating margin
26.4%
15.1% a year earlier
FY2014FY2021
Net income
$917 million
+189.3% on the year
FY2014FY2021
Diluted EPS
$4.24
+188.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,873
1,231
1,505
+133.4%
Capital expenditure
514
309
404
+66.3%
Free cash flow
2,359
922
1,101
+155.9%
Free cash flow margin
36.1%
22.4%
24.0%
Cash from investing
-466
-299
-319
Cash from financing
-1,463
-542
-1,583
Depreciation and amortisation
888
892
875
-0.4%
Share-based compensation
30.0
25.0
28.0
+20.0%
Buybacks
539
100
370
+439.0%
Dividends paid
260
258
265
+0.8%
Dividend per share
$1.20
$1.20
$1.20
0.0%
Diluted shares, weighted
216m
215m
222m
+0.5%
Shares outstanding at period end
208m
214m
216m
-3.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,206
2,922
2,897
+9.7%
Non-controlling interest
2,830
2,681
2,740
+5.6%
Short-term borrowings
n/a
n/a
0.0
Debt
3,465
3,961
3,957
-12.5%
Operating lease liabilities
162
174
193
-6.9%
Other liabilities
2,712
2,285
2,385
+18.7%
Total liabilities and equity
12,375
12,023
12,172
+2.9%
Fixed assets
7,081
7,632
8,170
-7.2%
Goodwill
2,091
2,374
2,365
-11.9%
Intangible assets
45.0
104
110
-56.7%
Cash and equivalents
1,628
683
287
+138.4%
Receivables
497
265
242
+87.5%
Inventory
408
287
351
+42.2%
Other assets
625
678
647
-7.8%
Total assets
12,375
12,023
12,172
+2.9%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.