CF Industries Holdings (CF) FY2024 results: revenue $5.9 billion, down 10.5% on the year
CF Industries Holdings, Inc. (CF) reported revenue of $5.9 billion for fiscal 2024, the year ended 31 December 2024, down 10.5% on the year before. Net income was $1.2 billion, down 20.1%, and diluted earnings per share $6.74. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$5.9 billion
-10.5% on the year
FY2017FY2024
Operating margin
29.4%
33.6% a year earlier
FY2017FY2024
Net income
$1.2 billion
-20.1% on the year
FY2017FY2024
Diluted EPS
$6.74
-14.4% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,271
2,757
3,855
-17.6%
Capital expenditure
518
499
453
+3.8%
Free cash flow
1,753
2,258
3,402
-22.4%
Free cash flow margin
29.5%
34.1%
30.4%
Cash from investing
-469
-1,679
-440
Cash from financing
-2,205
-1,372
-2,700
Depreciation and amortisation
925
869
850
+6.4%
Share-based compensation
36.0
37.0
41.0
-2.7%
Buybacks
1,509
580
1,347
+160.2%
Dividends paid
364
311
306
+17.0%
Dividend per share
$2.00
$1.60
$1.50
+25.0%
Diluted shares, weighted
181m
194m
204m
-6.8%
Shares outstanding at period end
170m
188m
196m
-9.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,985
5,717
5,051
-12.8%
Non-controlling interest
2,607
2,656
2,802
-1.8%
Debt
2,971
2,968
2,965
+0.1%
Operating lease liabilities
189
168
167
+12.5%
Other liabilities
2,714
2,867
2,328
-5.3%
Total liabilities and equity
13,466
14,376
13,313
-6.3%
Fixed assets
6,735
7,141
6,437
-5.7%
Goodwill
2,492
2,495
2,089
-0.1%
Intangible assets
507
538
15.0
-5.8%
Cash and equivalents
1,614
2,032
2,323
-20.6%
Receivables
404
505
582
-20.0%
Inventory
314
299
474
+5.0%
Other assets
1,400
1,366
1,393
+2.5%
Total assets
13,466
14,376
13,313
-6.3%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.