Income StatementBalance SheetCash FlowSegments
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CF Industries Cash Flow Statement

Operating, investing, and financing cash movements

CF Industries generated $2.7B in operating cash flow over the trailing twelve months. After $1.0B in capital expenditures, free cash flow was $1.6B. Free cash flow decreased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.7BNet Cash From Investing (TTM)-$1.0BNet Cash From Financing (TTM)-$1.0BCapital Expenditures (TTM)$1.0BDepreciation And Amortization Cf (TTM)$905.0MNet Change In Cash (TTM)$636.0M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$19.2B
P/E Ratio9.06
ROE41.95%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain on sale of property, plant, and equipment-$5.0M-$1.0M$0.0-$1.0M-$1.0M-$2.0M
Change in accounts payable$53.0M$16.0M—$56.0M$12.0M-$75.0M
Change in accounts receivable-$75.0M$177.0M$1.0M$37.0M—$239.0M
Change in deferred revenue-$229.0M$123.0M-$209.0M$444.0M-$399.0M$55.0M
Change in income taxes payable/receivable—$89.0M$6.0M—$19.0M$144.0M
Change in inventories$19.0M$43.0M—$48.0M$34.0M-$2.0M
Other working capital changes-$17.0M$0.0$20.0M—$7.0M-$92.0M
Deferred income taxes-$46.0M-$26.0M-$12.0M$51.0M—-$12.0M
Depreciation and amortization$221.0M$221.0M$232.0M$217.0M$228.0M$228.0M
Equity in income of investees—$4.0M$2.0M$1.0M—$6.0M
Gain (loss) on sale of assets-$5.0M-$1.0M$0.0-$1.0M-$1.0M-$2.0M
Net cash from operating activities$420.0M$586.0M$563.0M$1.1B$539.0M$496.0M
Net income$392.0M$351.0M$492.0M$460.0M$495.0M$676.0M
Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1$0.0-$250.0K-$250.0K-$250.0K-$250.0K—
Gain on sale of emission credits$11.8M$2.0M$2.0M$2.0M$2.0M—
Deferred revenue-$229.0M$123.0M-$209.0M$444.0M-$399.0M$55.0M
Insurance Recoveries—$0.0———$25.0M
Impairment of assets and other charges$0.0$19.0M$19.0M$19.0M$19.0M—
Unrealized Gain (Loss) on Derivatives Fair Value, Adjustment$2.0M-$2.0M——-$4.0M$3.0M
Stock-based compensation$10.0M$10.0M$12.0M$13.0M$10.0M$11.0M
Loss on Sale of Subsidiary$0.0-$23.0M———$0.0

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from contributions from affiliates$0.0$0.0$235.0M$56.0M$0.0$117.0M
Contributions from noncontrolling interests$0.0$0.0$235.0M$56.0M$0.0$117.0M
Distributions to noncontrolling interests—$129.0M—$175.0M—$201.0M
Dividends paid$86.0M$86.0M$81.0M$81.0M$78.0M$78.0M
Net cash from financing activities-$462.0M-$671.0M-$62.0M-$562.0M-$189.0M-$199.0M
Proceeds from issuance of common stock—$1.0M———$1.0M
Repurchases of common stock$375.0M$444.0M$216.0M$360.0M$345.0M$28.0M
Taxes paid for net share settlement$1.0M$13.0M—$1.0M—$10.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$197.0M$132.0M$245.0M$347.0M$226.0M$223.0M
Proceeds from disposals of property, plant and equipment$3.0M$2.0M$4.0M——$0.0
Net cash from investing activities-$196.0M-$126.0M-$242.0M-$339.0M-$226.0M-$225.0M
Proceeds from sale of businesses$0.0$4.0M———$0.0
Proceeds from sale of property, plant and equipment$3.0M$2.0M$4.0M——$0.0

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$223.0M$454.0M$318.0M$717.0M$313.0M$273.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$25.0M$3.0M$21.0M—$20.0M-$12.0M
Net increase (decrease) in cash-$263.0M-$208.0M$280.0M$152.0M$144.0M$60.0M
Payments to Acquire Emission Credits$1.0M$0.0$1.0M——$2.0M