CF Industries Holdings (CF) FY2022 results: revenue $11.2 billion, up 71.1% on the year
CF Industries Holdings, Inc. (CF) reported revenue of $11.2 billion for fiscal 2022, the year ended 31 December 2022, up 71.1% on the year before. Net income was $3.3 billion, up 264.9%, and diluted earnings per share $16.38. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$11.2 billion
+71.1% on the year
FY2015FY2022
Operating margin
48.2%
26.4% a year earlier
FY2015FY2022
Net income
$3.3 billion
+264.9% on the year
FY2015FY2022
Diluted EPS
$16.38
+286.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,855
2,873
1,231
+34.2%
Capital expenditure
453
514
309
-11.9%
Free cash flow
3,402
2,359
922
+44.2%
Free cash flow margin
30.4%
36.1%
22.4%
Cash from investing
-440
-466
-299
Cash from financing
-2,700
-1,463
-542
Depreciation and amortisation
850
888
892
-4.3%
Share-based compensation
41.0
30.0
25.0
+36.7%
Buybacks
1,347
539
100
+149.9%
Dividends paid
306
260
258
+17.7%
Dividend per share
$1.50
$1.20
$1.20
+25.0%
Diluted shares, weighted
204m
216m
215m
-5.6%
Shares outstanding at period end
196m
208m
214m
-5.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,051
3,206
2,922
+57.5%
Non-controlling interest
2,802
2,830
2,681
-1.0%
Debt
2,965
3,465
3,961
-14.4%
Operating lease liabilities
167
162
174
+3.1%
Other liabilities
2,328
2,712
2,285
-14.2%
Total liabilities and equity
13,313
12,375
12,023
+7.6%
Fixed assets
6,437
7,081
7,632
-9.1%
Goodwill
2,089
2,091
2,374
-0.1%
Intangible assets
15.0
45.0
104
-66.7%
Cash and equivalents
2,323
1,628
683
+42.7%
Receivables
582
497
265
+17.1%
Inventory
474
408
287
+16.2%
Other assets
1,393
625
678
+122.9%
Total assets
13,313
12,375
12,023
+7.6%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.