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CF Industries Holdings, Inc. – Company Information

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CF Industries Holdings, Inc. is an American multinational active in nitrogen and phosphate fertilizer manufacturing and distribution. The company is based in Deerfield, Illinois.

Business operations are organized into two segments – the nitrogen segment and the phosphate segment.

The company was founded in 1946 as a fertilizer brokerage operation by a group of regional agricultural cooperatives under the name “Central Farmers Fertilizer Company”.

It then demutualized, and in 2005 it launched an initial public offering of shares.

Since its inception CF Industries has been actively expanding its distribution capabilities, in addition to diversifying into fertilizer manufacturing.

Through its subsidiaries, the holding company owns seven nitrogen fertilizer manufacturing complexes across North America and has an extensive network of fertilizer distribution terminals and warehouses.

CF Industries is publicly listed on the New York Stock Exchange under the stock ticker symbol ‘CF’.

The company’s corporate vision is “to be recognized as a leading global marketer, producer and supplier of high-quality, low-cost fertilizer products and services, creating sustained value for shareholders, customers and employees.”

Primary nitrogen products produced by CF Industries include: Granular Urea, Urea Ammonium Nitrate (UAN) Solution, Diesel Exhaust Fluid (DEF), Anhydrous Ammonia, and Ammonium Nitrate.

Overview

CF Industries logo

  • President and CEO: W. Anthony Will
  • CFO: Dennis P. Kelleher
  • Type: Public
  • Industry: Fertilizer
  • Listed on the New York Stock Exchange (NYSE)
  • NYSE stock ticker symbol: CF
  • S&P 500 Component
  • Revenue: $5.474 billion USD (2013)
  • Net earnings: $1.532 billion USD (2013)
  • Diluted earnings per share: $24.74 USD (2013)
  • Employees: 14,200
  • Company head office: 4 Parkway North, Suite 400, Deerfield, IL 60015-2590, USA
  • Investor relations contact number: (847) 405-2550
  • Investor relations email: [email protected]
  • Website: http://www.cfindustries.com/

Income data (in $ millions) 2013 2012
Net sales $5,474.7 $6,104.0
Cost of sales $2,954.5 $2,990.7
Gross margin $2,520.2 $3,113.3
Selling, general and administrative expenses $166.0 $151.8
Other operating—net $(15.8) $49.1
Total other operating costs and expenses $150.2 $200.9
Equity in earnings of operating affiliates $41.7 $47.0
Operating earnings $2,411.7 $2,959.4
Interest expense $152.2 $135.3
Earnings before income taxes and equity in earnings of non-operating affiliates $2,209.7 $2,829.5
Income tax provision $686.5 $964.2
Equity in earnings of non-operating affiliates—net of taxes $9.6 $58.1
Net earnings $1,532.8 $1,923.4
Net earnings attributable to the noncontrolling interest $68.2 $74.7
Net earnings attributable to common stockholders $1,464.6 $1,848.7
Balance sheet data (in $ millions)
Total assets $10,678.1 $10,166.9
Long-term debt $3,098.1 $1,600.0
Total stockholders’ equity $5,076.1 $5,902.2
Common share data (in $)
Earnings (loss) per Common Share – Basic $24.87 $28.94
Earnings (loss) per Common Share – Diluted $24.74 $28.59

Source: “2013 Annual Report Form 10-K”