0001324404-19-000021.txt : 20191030 0001324404-19-000021.hdr.sgml : 20191030 20191030163808 ACCESSION NUMBER: 0001324404-19-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20191030 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20191030 DATE AS OF CHANGE: 20191030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CF Industries Holdings, Inc. CENTRAL INDEX KEY: 0001324404 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870] IRS NUMBER: 202697511 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32597 FILM NUMBER: 191180734 BUSINESS ADDRESS: STREET 1: 4 PARKWAY NORTH STREET 2: SUITE 400 CITY: DEERFIELD STATE: IL ZIP: 60015 BUSINESS PHONE: (847) 405-2400 MAIL ADDRESS: STREET 1: 4 PARKWAY NORTH STREET 2: SUITE 400 CITY: DEERFIELD STATE: IL ZIP: 60015 8-K 1 cf-103020198kearningsr.htm 8-K Document
false0001324404 0001324404 2019-10-30 2019-10-30



 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
____________
Date of Report (Date of earliest event reported): October 30, 2019
CF Industries Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-32597
20-2697511
(State or other jurisdiction
of incorporation)


(Commission File Number)
(IRS Employer
Identification No.)


4 Parkway North, Suite 400
 
60015
Deerfield,
Illinois
 
(Zip Code)
(Address of principal
executive offices)
 
 
Registrant’s telephone number, including area code (847) 405-2400
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading symbol(s)
 
Name of each exchange on which registered
common stock, par value $0.01 per share
 
CF
 
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o



Item 2.02.    Results of Operations and Financial Condition.
On October 30, 2019, CF Industries Holdings, Inc. issued a press release announcing its results for the quarter ended September 30, 2019. The press release is attached hereto as Exhibit 99.1.

The information set forth herein, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.


Item 9.01.    Financial Statements and Exhibits.
(d)    Exhibits.
Exhibit No.
Description of Exhibit
 
104
 
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)


2


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
 
 
 
 
 
Date:
October 30, 2019
 
CF INDUSTRIES HOLDINGS, INC.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
By:
 
/s/ Christopher D. Bohn
 
 
 
Name:
 
Christopher D. Bohn
 
 
 
Title:
 
Senior Vice President and Chief Financial Officer


3
 EX-99.1 2 cf-10302019exhibit991e.htm EXHIBIT 99.1 Exhibit
cfindustriesa70.jpg
 
 
 
 
4 Parkway North, Suite 400
 
 
 
 
Deerfield, IL 60015
 
 
 
 
www.cfindustries.com

CF Industries Holdings, Inc. Reports Nine Month 2019
Net Earnings of $438 Million, EBITDA of $1,314 Million
Operational Excellence, Low-Cost Production Drive Cash Generation
Positive Industry Fundamentals in Near- and Longer-Term
Trailing 12-Month Net Cash from Operating Activities of $1.5 Billion

DEERFIELD, IL—October 30, 2019—CF Industries Holdings, Inc. (NYSE: CF), a leading global fertilizer and chemical company, today announced results for its third quarter and nine months ended September 30, 2019.

Highlights
•
Nine month net earnings of $438 million(1), or $1.97 per diluted share; EBITDA(2) of $1,314 million; adjusted EBITDA(2) of $1,285 million
•
Third quarter net earnings of $65 million(1), or $0.29 per diluted share; EBITDA of $341 million; adjusted EBITDA of $349 million
•
Trailing 12-month net cash from operating activities of $1,457 million, free cash flow(3) of $830 million
•
Cash and cash equivalents of $1,019 million on the balance sheet as of September 30, 2019
•
Company to redeem $750 million in debt by end of year
•
Repurchased approximately 1.5 million shares during the quarter

Overview of Results

CF Industries Holdings, Inc. today announced for the first nine months of 2019 net earnings attributable to common stockholders of $438 million, or $1.97 per diluted share; EBITDA of $1,314 million; and adjusted EBITDA of $1,285 million. These results compare to the first nine months of 2018 net earnings attributable to common stockholders of $241 million, or $1.03 per diluted share; EBITDA of $1,080 million; and adjusted EBITDA of $1,062 million.

For the third quarter of 2019, net earnings attributable to common stockholders were $65 million, or $0.29 per diluted share; EBITDA was $341 million; and adjusted EBITDA was $349 million. These results compare to third quarter 2018 net earnings attributable to common stockholders of $30 million, or $0.13 per diluted share; EBITDA of $308 million; and adjusted EBITDA of $299 million.

“The CF team’s outstanding execution and our company’s position on the low end of the global cost curve continue to drive substantial cash generation and an industry-leading free cash flow yield,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “Over the last 24 months, this superior cash flow generation has enabled us to repay $1.1 billion in debt, with another $750 million to be retired by the end of this year. Additionally, we repurchased more than 16 million shares for $750 million, distributed $550 million in dividends and invested approximately $400 million in growth. We believe our structural and operational advantages, along with positive nitrogen industry fundamentals, will continue to support our cash generation, allowing us to build on this track record in 2020 and beyond.”
________________________________________________________________
(1) 
During the first nine months and third quarter of 2019, certain items impacted our financial results and their comparability to the relevant prior year periods. See the table accompanying this release for a summary of these items.
(2) 
EBITDA is defined as net earnings attributable to common stockholders plus interest expense—net, income taxes and depreciation and amortization. See reconciliations of EBITDA and adjusted EBITDA to the most directly comparable GAAP measures in the tables accompanying this release.

    1    

(3) 
Free cash flow is defined as net cash from operating activities less capital expenditures and distributions to noncontrolling interests. See reconciliation of free cash flow to the most directly comparable GAAP measure in the table accompanying this release.

Operations Overview

CF Industries continued to operate safely and efficiently. As of September 30, 2019, the company’s 12-month rolling average recordable incident rate was 0.61 incidents per 200,000 work hours.

Gross ammonia production for the first nine months of 2019 was approximately 7.6 million tons, and for the third quarter was more than 2.3 million tons. The company expects gross ammonia production during the fourth quarter to be higher than in the third quarter with less maintenance activity scheduled for the final three months of the year.

Sales Overview

Net sales in the first nine months of 2019 were $3.5 billion compared to $3.3 billion in 2018 due primarily to higher average selling prices across all major products. Net sales in the third quarter of 2019 were similar to the third quarter of 2018.

Total sales volumes for the first nine months of 2019 and third quarter of 2019 were similar to the prior year periods.

Average selling prices for the first nine months of 2019 were higher year-over-year across all major products due to a tighter global nitrogen supply and demand balance than the prior year period and logistical issues in North America that limited supply at some inland locations. Average selling prices for the third quarter of 2019 were similarly higher for urea, urea ammonium nitrate (UAN) and ammonium nitrate (AN), and were lower for ammonia due to greater global supply availability.

Cost of sales in the first nine months of 2019 and the third quarter of 2019 decreased primarily due to lower realized natural gas costs partially offset by higher freight and distribution costs.

In the first nine months of 2019, the average cost of natural gas reflected in the company’s cost of sales was $2.86 per MMBtu compared to the average cost of natural gas in cost of sales of $3.14 per MMBtu in the first nine months of 2018. In the third quarter of 2019, the average cost of natural gas reflected in the company’s cost of sales was $2.24 per MMBtu compared to the average cost of natural gas in cost of sales of $3.19 per MMBtu in the third quarter of 2018.

Market Overview

The company expects that nitrogen industry fundamentals will continue to improve in both the near- and longer-term as the global market continues to tighten over the coming years.

In the near-term, demand from import-dependent regions should support global pricing. In North America, corn crop futures continue to support an increase in planted corn acres over the next two seasons. Outside of North America, demand for urea from India and Brazil remains positive. Through September 2019, India has imported 5.9 million metric tons of urea, a 36 percent increase over the same period in 2018. India is expected to issue 1-2 more tenders through March 2020. Imports of urea to Brazil through September 2019 were 3.5 million metric tons, up approximately three percent year-over-year.

The company expects that global demand growth for nitrogen over the next four years will outpace net capacity additions given the limited number of facilities currently under construction around the world, none of which are in North America. The company also expects Chinese coal-based nitrogen complexes to remain the global marginal urea producer and thus set the global price floor. Net Chinese-produced urea exports are likely to be in a range of 1-3 million metric tons annually, with higher nitrogen prices bidding in additional Chinese export tons at times when urea supply is needed worldwide.

Over this same time period, producers in North America are expected to continue to benefit from access to low-cost North American natural gas. For calendar years 2020-2023, the NYMEX Henry Hub natural gas forward strip is below $2.56 per MMBtu, below the 2019 NYMEX settlements through October of $2.65 per MMBtu.


    2    

Capital Expenditures

Capital expenditures in 2019 are projected to be approximately $425 million.

Liquidity

As of September 30, 2019, the company had cash and cash equivalents of $1,019 million on the balance sheet, had no borrowings outstanding under its $750 million revolving credit facility and was in compliance with all applicable covenant requirements under its debt instruments.

The company is currently executing a $1 billion share repurchase program that is authorized through 2021. During the third quarter of 2019, the company repurchased approximately 1.5 million shares for $72 million. From February 2019, when the share repurchase authorization was announced, through September 30, 2019, the company has repurchased approximately 5.7 million shares for $250 million.

On October 9, 2019, the company announced that its wholly owned subsidiary CF Industries, Inc. has elected to redeem in full the entire outstanding $500 million principal amount of its 7.125% Senior Notes (the “2020 Notes”) due May 2020, in accordance with the optional redemption provisions provided in the indenture governing the 2020 Notes. The 2020 Notes will be redeemed on November 13, 2019. Based on market interest rates on October 28, 2019, the company estimates that the total amount for the redemption of the 2020 Notes will be approximately $513 million, including accrued interest.

On October 30, 2019, the company announced that its wholly owned subsidiary CF Industries, Inc. has elected to redeem on December 13, 2019, $250 million principal amount, representing 50% of the currently outstanding $500 million principal amount, of its 3.400% Senior Secured Notes due December 2021 (the “2021 Notes”) in accordance with the optional redemption provisions provided in the indenture governing the 2021 Notes. Based on market interest rates on October 28, 2019, the company estimates that the total amount for the partial redemption of the 2021 Notes will be approximately $257 million, including accrued interest.

CHS Inc. Distribution

CHS Inc. (CHS) is entitled to semi-annual distributions resulting from its minority equity investment in CF Industries Nitrogen, LLC (CFN). The estimate of the partnership distribution earned by CHS, but not yet declared, for the third quarter of 2019 is approximately $49 million.

    3    

Consolidated Results
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(dollars in millions, except per share
and per MMBtu amounts)
Net sales
$
1,038

 
$
1,040

 
$
3,541

 
$
3,297

Cost of sales
810

 
867

 
2,594

 
2,622

Gross margin
$
228

 
$
173

 
$
947

 
$
675

Gross margin percentage
22.0
%
 
16.6
%
 
26.7
%
 
20.5
%
 
 
 
 
 
 
 
 
Net earnings attributable to common stockholders
$
65

 
$
30

 
$
438

 
$
241

Net earnings per diluted share
$
0.29

 
$
0.13

 
$
1.97

 
$
1.03

 
 
 
 
 
 
 
 
EBITDA(1)
$
341

 
$
308

 
$
1,314

 
$
1,080

Adjusted EBITDA(1)
$
349

 
$
299

 
$
1,285

 
$
1,062

 
 
 
 
 
 
 
 
Tons of product sold (000s)
4,752

 
4,765

 
14,555

 
14,606

 
 
 
 
 
 
 
 
Supplemental data (per MMBtu):
 
 
 
 
 
 
 
Natural gas costs in cost of sales(2)
$
2.24

 
$
3.16

 
$
2.87

 
$
3.11

Realized derivatives loss (gain) in cost of sales(3)
—

 
0.03

 
(0.01
)
 
0.03

Cost of natural gas in cost of sales
$
2.24

 
$
3.19

 
$
2.86

 
$
3.14

 
 
 
 
 
 
 
 
Average daily market price of natural gas (per MMBtu):
 
 
 
 
 
 
 
Henry Hub
$
2.33

 
$
2.90

 
$
2.57

 
$
2.91

National Balancing Point UK
$
3.42

 
$
8.40

 
$
4.56

 
$
7.98

 
 
 
 
 
 
 
 
Unrealized net mark-to-market loss (gain) on natural gas derivatives
$
2

 
$
(3
)
 
$
3

 
$
(11
)
Depreciation and amortization
$
223

 
$
233

 
$
663

 
$
667

Capital expenditures
$
143

 
$
133

 
$
297

 
$
278

 
 
 
 
 
 
 
 
Production volume by product tons (000s):
 
 
 
 
 
 
 
Ammonia(4)
2,336

 
2,456

 
7,564

 
7,424

Granular urea
1,206

 
1,296

 
3,836

 
3,675

UAN (32%)
1,584

 
1,595

 
4,810

 
4,957

AN
552

 
474

 
1,585

 
1,355

_______________________________________________________________________________
(1) 
See reconciliations of EBITDA and adjusted EBITDA to the most directly comparable GAAP measures in the tables accompanying this release.
(2) 
Includes the cost of natural gas and related transportation that is included in cost of sales during the period under the first-in, first-out inventory cost method.
(3) 
Includes realized gains and losses on natural gas derivatives settled during the period. Excludes unrealized mark-to-market gains and losses on natural gas derivatives.
(4) 
Gross ammonia production including amounts subsequently upgraded into other products.

    4    



Ammonia Segment

CF Industries’ ammonia segment produces anhydrous ammonia (ammonia), which is the company’s most concentrated form of nitrogen, containing 82 percent nitrogen. The results of the ammonia segment consist of sales of ammonia to external customers. In addition, ammonia is the “basic” nitrogen form that the company upgrades into other nitrogen products such as urea, UAN and AN.
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(dollars in millions,
except per ton amounts)
Net sales
$
187

 
$
192

 
$
847

 
$
778

Cost of sales
188

 
181

 
654

 
641

Gross margin
$
(1
)
 
$
11

 
$
193

 
$
137

Gross margin percentage
(0.5
)%
 
5.7
%
 
22.8
%
 
17.6
%
 
 
 
 
 
 
 
 
Sales volume by product tons (000s)
720

 
657

 
2,548

 
2,415

Sales volume by nutrient tons (000s)(1)
590

 
539

 
2,089

 
1,981

 
 
 
 
 
 
 
 
Average selling price per product ton
$
260

 
$
292

 
$
332

 
$
322

Average selling price per nutrient ton(1)
317

 
356

 
405

 
393

 
 
 
 
 
 
 
 
Adjusted gross margin(2):
 
 
 
 
 
 
 
Gross margin
$
(1
)
 
$
11

 
$
193

 
$
137

Depreciation and amortization
41

 
33

 
123

 
110

Unrealized net mark-to-market loss (gain) on natural gas derivatives
1

 
(1
)
 
1

 
(3
)
Adjusted gross margin
$
41

 
$
43

 
$
317

 
$
244

Adjusted gross margin as a percent of net sales
21.9
 %
 
22.4
%
 
37.4
%
 
31.4
%
 
 
 
 
 
 
 
 
Gross margin per product ton
$
(1
)
 
$
17

 
$
76

 
$
57

Gross margin per nutrient ton(1)
(2
)
 
20

 
92

 
69

Adjusted gross margin per product ton
57

 
65

 
124

 
101

Adjusted gross margin per nutrient ton(1)
69

 
80

 
152

 
123

_______________________________________________________________________________
(1) 
Nutrient tons represent the tons of nitrogen within the product tons.
(2) 
Adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton are non-GAAP financial measures. Adjusted gross margin is defined as gross margin excluding depreciation and amortization and unrealized net mark-to-market (gain) loss on natural gas derivatives. The company has presented adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton because management uses these measures, and believes they are useful to investors, as supplemental financial measures in the comparison of year-over-year performance. A reconciliation of adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton to gross margin, the most directly comparable GAAP measure, is provided in the table above. See “Note Regarding Non-GAAP Financial Measures” in this release.

Comparison of 2019 to 2018 first nine months and third quarter periods:

•
Ammonia sales volume increased for the first nine months and third quarter of 2019 compared to 2018 due to greater supply availability as a result of increased production.
•
Ammonia average selling prices increased for the first nine months of 2019 compared to 2018 due to a tighter nitrogen supply and demand balance. Ammonia average selling prices decreased for the third quarter of 2019 compared to 2018 due to increased global ammonia supply availability.

    5    



•
Ammonia adjusted gross margin per ton increased for the first nine months of 2019 compared to 2018 due primarily to higher average selling prices and lower realized natural gas costs. Ammonia adjusted gross margin per ton decreased for the third quarter of 2019 compared to 2018 due primarily to lower average selling prices partially offset by lower realized natural gas costs.

    6    

Granular Urea Segment

CF Industries’ granular urea segment produces granular urea, which contains 46 percent nitrogen. Produced from ammonia and carbon dioxide, it has the highest nitrogen content of any of the company’s solid nitrogen products.
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(dollars in millions,
except per ton amounts)
Net sales
$
327

 
$
353

 
$
1,103

 
$
977

Cost of sales
207

 
238

 
686

 
682

Gross margin
$
120

 
$
115

 
$
417

 
$
295

Gross margin percentage
36.7
%
 
32.6
%
 
37.8
%
 
30.2
%
 
 
 
 
 
 
 
 
Sales volume by product tons (000s)
1,200

 
1,363

 
3,880

 
3,779

Sales volume by nutrient tons (000s)(1)
552

 
627

 
1,785

 
1,738

 
 
 
 
 
 
 
 
Average selling price per product ton
$
273

 
$
259

 
$
284

 
$
259

Average selling price per nutrient ton(1)
592

 
563

 
618

 
562

 
 
 
 
 
 
 
 
Adjusted gross margin(2):
 
 
 
 
 
 
 
Gross margin
$
120

 
$
115

 
$
417

 
$
295

Depreciation and amortization
66

 
74

 
211

 
214

Unrealized net mark-to-market (gain) loss on natural gas derivatives
—

 
(1
)
 
1

 
(3
)
Adjusted gross margin
$
186

 
$
188

 
$
629

 
$
506

Adjusted gross margin as a percent of net sales
56.9
%
 
53.3
%
 
57.0
%
 
51.8
%
 
 
 
 
 
 
 
 
Gross margin per product ton
$
100

 
$
84

 
$
107

 
$
78

Gross margin per nutrient ton(1)
217

 
183

 
234

 
170

Adjusted gross margin per product ton
155

 
138

 
162

 
134

Adjusted gross margin per nutrient ton(1)
337

 
300

 
352

 
291

_______________________________________________________________________________
(1) 
Nutrient tons represent the tons of nitrogen within the product tons.
(2) 
Adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton are non-GAAP financial measures. Adjusted gross margin is defined as gross margin excluding depreciation and amortization and unrealized net mark-to-market (gain) loss on natural gas derivatives. The company has presented adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton because management uses these measures, and believes they are useful to investors, as supplemental financial measures in the comparison of year-over-year performance. A reconciliation of adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton to gross margin, the most directly comparable GAAP measure, is provided in the table above. See “Note Regarding Non-GAAP Financial Measures” in this release.

Comparison of 2019 to 2018 first nine months and third quarter periods:

•
Granular urea sales volume increased for the first nine months of 2019 compared to 2018 due to higher volumes of product available for sale as the company chose to favor granular urea production over UAN. Granular urea sales volume decreased for the third quarter of 2019 compared to 2018 due to lower volumes of product available for sale as a result of planned maintenance activities.
•
Urea average selling prices increased in the first nine months and third quarter of 2019 compared to 2018 due primarily to a tighter nitrogen supply and demand balance than the prior year periods, logistical issues in North America during the second quarter that limited supply at some inland locations, and a fertilizer application season that extended into the third quarter.

    7    

•
Granular urea adjusted gross margin per ton increased for the first nine months and third quarter of 2019 compared to 2018 due primarily to higher average selling prices and lower realized natural gas costs.

    8    

UAN Segment

CF Industries’ UAN segment produces urea ammonium nitrate solution (UAN). UAN is a liquid product with nitrogen content that typically ranges from 28 percent to 32 percent and is produced by combining urea and ammonium nitrate in solution.
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(dollars in millions,
except per ton amounts)
Net sales
$
309

 
$
270

 
$
934

 
$
892

Cost of sales
250

 
243

 
722

 
731

Gross margin
$
59

 
$
27

 
$
212

 
$
161

Gross margin percentage
19.1
%
 
10.0
%
 
22.7
%
 
18.0
%
 
 
 
 
 
 
 
 
Sales volume by product tons (000s)
1,741

 
1,620

 
4,880

 
5,109

Sales volume by nutrient tons (000s)(1)
550

 
513

 
1,537

 
1,615

 
 
 
 
 
 
 
 
Average selling price per product ton
$
177

 
$
167

 
$
191

 
$
175

Average selling price per nutrient ton(1)
562

 
526

 
608

 
552

 
 
 
 
 
 
 
 
Adjusted gross margin(2):
 
 
 
 
 
 
 
Gross margin
$
59

 
$
27

 
$
212

 
$
161

Depreciation and amortization
66

 
65

 
183

 
200

Unrealized net mark-to-market loss (gain) on natural gas derivatives
1

 
(1
)
 
1

 
(4
)
Adjusted gross margin
$
126

 
$
91

 
$
396

 
$
357

Adjusted gross margin as a percent of net sales
40.8
%
 
33.7
%
 
42.4
%
 
40.0
%
 
 
 
 
 
 
 
 
Gross margin per product ton
$
34

 
$
17

 
$
43

 
$
32

Gross margin per nutrient ton(1)
107

 
53

 
138

 
100

Adjusted gross margin per product ton
72

 
56

 
81

 
70

Adjusted gross margin per nutrient ton(1)
229

 
177

 
258

 
221

_______________________________________________________________________________
(1) 
Nutrient tons represent the tons of nitrogen within the product tons.
(2) 
Adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton are non-GAAP financial measures. Adjusted gross margin is defined as gross margin excluding depreciation and amortization and unrealized net mark-to-market (gain) loss on natural gas derivatives. The company has presented adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton because management uses these measures, and believes they are useful to investors, as supplemental financial measures in the comparison of year-over-year performance. A reconciliation of adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton to gross margin, the most directly comparable GAAP measure, is provided in the table above. See “Note Regarding Non-GAAP Financial Measures” in this release.

Comparison of 2019 to 2018 first nine months and third quarter periods:

•
UAN sales volume for the first nine months of 2019 decreased compared to 2018 due to lower supply availability from lower production as the company chose to favor granular urea production over UAN. Sales volume for the third quarter of 2019 increased compared to 2018 due primarily to the impact of late planting in North America that delayed some fertilizer shipments and applications into the third quarter of 2019.
•
UAN average selling prices improved in the first nine months and third quarter of 2019 compared to 2018 due primarily to a tighter nitrogen supply and demand balance than the prior year periods, logistical issues in North America during the second quarter that limited supply at some inland locations, and a fertilizer application season that extended into the third quarter.

    9    

•
UAN adjusted gross margin per ton increased for the first nine months and third quarter of 2019 compared to 2018 due primarily to higher average selling prices.

    10    

AN Segment

CF Industries’ AN segment produces ammonium nitrate (AN). AN is used as a nitrogen fertilizer with nitrogen content between 29 percent to 35 percent, and also is used by industrial customers for commercial explosives and blasting systems. AN is produced at the company’s Yazoo City, Mississippi; Billingham, United Kingdom; and Ince, United Kingdom, complexes.
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(dollars in millions,
except per ton amounts)
Net sales
$
136

 
$
139

 
$
389

 
$
363

Cost of sales
100

 
129

 
308

 
320

Gross margin
$
36

 
$
10

 
$
81

 
$
43

Gross margin percentage
26.5
%
 
7.2
%
 
20.8
%
 
11.8
%
 
 
 
 
 
 
 
 
Sales volume by product tons (000s)
561

 
601

 
1,590

 
1,586

Sales volume by nutrient tons (000s)(1)
188

 
202

 
533

 
535

 
 
 
 
 
 
 
 
Average selling price per product ton
$
242

 
$
231

 
$
245

 
$
229

Average selling price per nutrient ton(1)
723

 
688

 
730

 
679

 
 
 
 
 
 
 
 
Adjusted gross margin(2):
 
 
 
 
 
 
 
Gross margin
$
36

 
$
10

 
$
81

 
$
43

Depreciation and amortization
24

 
35

 
67

 
67

Unrealized net mark-to-market (gain) loss on natural gas derivatives
—

 
—

 
—

 
—

Adjusted gross margin
$
60

 
$
45

 
$
148

 
$
110

Adjusted gross margin as a percent of net sales
44.1
%
 
32.4
%
 
38.0
%
 
30.3
%
 
 
 
 
 
 
 
 
Gross margin per product ton
$
64

 
$
17

 
$
51

 
$
27

Gross margin per nutrient ton(1)
191

 
50

 
152

 
80

Adjusted gross margin per product ton
107

 
75

 
93

 
69

Adjusted gross margin per nutrient ton(1)
319

 
223

 
278

 
206

_______________________________________________________________________________
(1) 
Nutrient tons represent the tons of nitrogen within the product tons.
(2) 
Adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton are non-GAAP financial measures. Adjusted gross margin is defined as gross margin excluding depreciation and amortization and unrealized net mark-to-market (gain) loss on natural gas derivatives. The company has presented adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton because management uses these measures, and believes they are useful to investors, as supplemental financial measures in the comparison of year-over-year performance. A reconciliation of adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton to gross margin, the most directly comparable GAAP measure, is provided in the table above. See “Note Regarding Non-GAAP Financial Measures” in this release.

Comparison of 2019 to 2018 first nine months and third quarter periods:

•
AN sales volume for the first nine months of 2019 compared to 2018 was similar. Sales volume for the third quarter of 2019 was lower compared to 2018 due primarily to a delayed harvest in the United Kingdom affecting the timing of fertilizer purchases.
•
AN average selling prices improved for the first nine months and third quarter of 2019 compared to 2018 due to a tighter global nitrogen supply and demand balance than the prior year periods.
•
AN adjusted gross margin per ton was higher for the first nine months and third quarter of 2019 compared to 2018 due primarily to lower realized natural gas costs and higher average selling prices.

    11    

Other Segment

CF Industries’ Other segment includes diesel exhaust fluid (DEF), urea liquor, nitric acid and compound fertilizer products (NPKs).
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(dollars in millions,
except per ton amounts)
Net sales
$
79

 
$
86

 
$
268

 
$
287

Cost of sales
65

 
76

 
224

 
248

Gross margin
$
14

 
$
10

 
$
44

 
$
39

Gross margin percentage
17.7
%
 
11.6
%
 
16.4
%
 
13.6
%
 
 
 
 
 
 
 
 
Sales volume by product tons (000s)
530

 
524

 
1,657

 
1,717

Sales volume by nutrient tons (000s)(1)
103

 
102

 
327

 
335

 
 
 
 
 
 
 
 
Average selling price per product ton
$
149

 
$
164

 
$
162

 
$
167

Average selling price per nutrient ton(1)
767

 
843

 
820

 
857

 
 
 
 
 
 
 
 
Adjusted gross margin(2):
 
 
 
 
 
 
 
Gross margin
$
14

 
$
10

 
$
44

 
$
39

Depreciation and amortization
18

 
18

 
54

 
49

Unrealized net mark-to-market gain on natural gas derivatives
—

 
—

 
—

 
(1
)
Adjusted gross margin
$
32

 
$
28

 
$
98

 
$
87

Adjusted gross margin as a percent of net sales
40.5
%
 
32.6
%
 
36.6
%
 
30.3
%
 
 
 
 
 
 
 
 
Gross margin per product ton
$
26

 
$
19

 
$
27

 
$
23

Gross margin per nutrient ton(1)
136

 
98

 
135

 
116

Adjusted gross margin per product ton
60

 
53

 
59

 
51

Adjusted gross margin per nutrient ton(1)
311

 
275

 
300

 
260

_______________________________________________________________________________
(1) 
Nutrient tons represent the tons of nitrogen within the product tons.
(2) 
Adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton are non-GAAP financial measures. Adjusted gross margin is defined as gross margin excluding depreciation and amortization and unrealized net mark-to-market (gain) loss on natural gas derivatives. The company has presented adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton because management uses these measures, and believes they are useful to investors, as supplemental financial measures in the comparison of year-over-year performance. A reconciliation of adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton to gross margin, the most directly comparable GAAP measure, is provided in the table above. See “Note Regarding Non-GAAP Financial Measures” in this release.

Comparison of 2019 to 2018 first nine months and third quarter periods:

•
Other segment sales volumes decreased for the first nine months of 2019 compared to 2018 primarily due to lower nitric acid and NPK sales, partially offset by higher sales of DEF. Other segment sales volumes for the third quarter of 2019 compared to 2018 were similar.
•
Other average selling prices in the first nine months and third quarter of 2019 were lower compared to the prior year periods due to product mix.
•
Other segment adjusted gross margin per ton was higher for the first nine months and third quarter of 2019 compared to 2018 primarily due to lower realized natural gas costs, partially offset by lower average selling prices.

    12    

Dividend Payment

On October 9, 2019, CF Industries’ Board of Directors declared a quarterly dividend of $0.30 per common share. The dividend will be paid on November 29, 2019 to stockholders of record as of November 15, 2019.

Conference Call

CF Industries will hold a conference call to discuss its third quarter 2019 results at 10:00 a.m. ET on Thursday, October 31, 2019. This conference call will include discussion of CF Industries’ business environment and outlook. Investors can access the call and find dial-in information on the Investor Relations section of the company’s website at www.cfindustries.com.

About CF Industries Holdings, Inc.

CF Industries is a leading global fertilizer and chemical company with outstanding operational capabilities and a cost-advantaged production and distribution platform. Our 3,000 employees operate world-class manufacturing complexes in Canada, the United Kingdom and the United States. We serve our customers in North America through an unparalleled production, storage, transportation and distribution network. We also reach a global customer base with exports from our Donaldsonville, Louisiana, plant, the world’s largest and most flexible nitrogen complex. Additionally, we move product to international destinations from our Verdigris, Oklahoma, facility; our Yazoo City, Mississippi, facility; our Billingham and Ince facilities in the United Kingdom; and a joint venture ammonia facility in the Republic of Trinidad and Tobago in which we own a 50 percent interest. CF Industries routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.

Note Regarding Non-GAAP Financial Measures

The company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). Management believes that EBITDA, EBITDA per ton, adjusted EBITDA, adjusted EBITDA per ton, free cash flow, and, on a segment basis, adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton, which are non-GAAP financial measures, provide additional meaningful information regarding the company’s performance and financial strength. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the company’s reported results prepared in accordance with GAAP. In addition, because not all companies use identical calculations, EBITDA, EBITDA per ton, adjusted EBITDA, adjusted EBITDA per ton, free cash flow, adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton, included in this release may not be comparable to similarly titled measures of other companies. Reconciliations of EBITDA, EBITDA per ton, adjusted EBITDA, adjusted EBITDA per ton, and free cash flow to the most directly comparable GAAP measures are provided in the tables accompanying this release under “CF Industries Holdings, Inc.-Selected Financial Information-Non-GAAP Disclosure Items.” Reconciliations of adjusted gross margin, adjusted gross margin as a percent of net sales and adjusted gross margin per product ton and per nutrient ton to the most directly comparable GAAP measures are provided in the segment tables included in this release.

Safe Harbor Statement

All statements in this communication by CF Industries Holdings, Inc. (together with its subsidiaries, the “Company”), other than those relating to historical facts, are forward-looking statements. Forward-looking statements can generally be identified by their use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “will” or “would” and similar terms and phrases, including references to assumptions. Forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These statements may include, but are not limited to, statements about strategic plans and statements about future financial and operating results.

Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, the cyclical nature of the Company’s business and the impact of global supply and demand on the Company’s selling prices; the global commodity nature of the Company’s fertilizer products, the conditions in the international market for nitrogen products, and the intense global competition from other fertilizer producers; conditions in the U.S. and European agricultural industry; the volatility of natural gas prices in North America and

    13    

Europe; difficulties in securing the supply and delivery of raw materials, increases in their costs or delays or interruptions in their delivery; reliance on third party providers of transportation services and equipment; the significant risks and hazards involved in producing and handling the Company’s products against which the Company may not be fully insured; the Company’s ability to manage its indebtedness; operating and financial restrictions imposed on the Company by the agreements governing the Company’s senior secured indebtedness; risks associated with the Company’s incurrence of additional indebtedness; the Company’s ability to maintain compliance with covenants under the agreements governing its indebtedness; downgrades of the Company’s credit ratings; risks associated with cyber security; weather conditions; risks associated with changes in tax laws and disagreements with taxing authorities; the Company’s reliance on a limited number of key facilities; potential liabilities and expenditures related to environmental, health and safety laws and regulations and permitting requirements; future regulatory restrictions and requirements related to greenhouse gas emissions; risks associated with expansions of the Company’s business, including unanticipated adverse consequences and the significant resources that could be required; the seasonality of the fertilizer business; the impact of changing market conditions on the Company’s forward sales programs; risks involving derivatives and the effectiveness of the Company’s risk measurement and hedging activities; risks associated with the operation or management of the strategic venture with CHS (the “CHS Strategic Venture”), risks and uncertainties relating to the market prices of the fertilizer products that are the subject of the supply agreement with CHS over the life of the supply agreement, and the risk that any challenges related to the CHS Strategic Venture will harm the Company’s other business relationships; risks associated with the Company’s Point Lisas Nitrogen Limited joint venture; acts of terrorism and regulations to combat terrorism; risks associated with international operations; and deterioration of global market and economic conditions.

More detailed information about factors that may affect the Company’s performance and could cause actual results to differ materially from those in any forward-looking statements may be found in CF Industries Holdings, Inc.’s filings with the Securities and Exchange Commission, including CF Industries Holdings, Inc.’s most recent annual and quarterly reports on Form 10-K and Form 10-Q, which are available in the Investor Relations section of the Company’s web site. Forward-looking statements are given only as of the date of this communication and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

For additional information:
 
Media
Investors
Chris Close
Martin Jarosick
Director, Corporate Communications
Vice President, Investor Relations
847-405-2542 - cclose@cfindustries.com
847-405-2045 - mjarosick@cfindustries.com



    14    


CF INDUSTRIES HOLDINGS, INC.
SELECTED FINANCIAL INFORMATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(in millions, except per share amounts)
Net sales
$
1,038

 
$
1,040

 
$
3,541

 
$
3,297

Cost of sales
810

 
867

 
2,594

 
2,622

Gross margin
228

 
173

 
947

 
675

Selling, general and administrative expenses
56

 
53

 
176

 
163

Other operating—net
(30
)
 
(11
)
 
(63
)
 
(29
)
Total other operating costs and expenses
26

 
42

 
113

 
134

Equity in (losses) earnings of operating affiliate
(14
)
 
5

 
(6
)
 
30

Operating earnings
188

 
136

 
828

 
571

Interest expense
63

 
59

 
182

 
180

Interest income
(4
)
 
(4
)
 
(12
)
 
(9
)
Other non-operating—net
(4
)
 
(2
)
 
(7
)
 
(6
)
Earnings before income taxes
133

 
83

 
665

 
406

Income tax provision
19

 
12

 
113

 
73

Net earnings
114

 
71

 
552

 
333

Less: Net earnings attributable to noncontrolling interests
49

 
41

 
114

 
92

Net earnings attributable to common stockholders
$
65

 
$
30

 
$
438

 
$
241

 
 
 
 
 
 
 
 
Net earnings per share attributable to common stockholders:
 
 
 
 
 
 
 
Basic
$
0.29

 
$
0.13

 
$
1.98

 
$
1.03

Diluted
$
0.29

 
$
0.13

 
$
1.97

 
$
1.03

Weighted-average common shares outstanding:
 
 
 
 
 

 
 

Basic
219.0

 
233.5

 
221.2

 
233.8

Diluted
220.7

 
235.2

 
222.5

 
234.9



    15    

CF INDUSTRIES HOLDINGS, INC.
SELECTED FINANCIAL INFORMATION
CONDENSED CONSOLIDATED BALANCE SHEETS

 
(unaudited)
 
 
 
September 30,
2019
 
December 31, 2018
 
(in millions)
Assets
 

 
 

Current assets:
 

 
 

Cash and cash equivalents
$
1,019

 
$
682

Accounts receivable—net
311

 
235

Inventories
296

 
309

Prepaid income taxes
17

 
28

Other current assets
26

 
20

Total current assets
1,669

 
1,274

Property, plant and equipment—net
8,247

 
8,623

Investment in affiliate
87

 
93

Goodwill
2,344

 
2,353

Operating lease right-of-use assets
264

 
—

Other assets
291

 
318

Total assets
$
12,902

 
$
12,661

 
 
 
 
Liabilities and Equity
 

 
 

Current liabilities:
 

 
 

Accounts payable and accrued expenses
$
459

 
$
545

Income taxes payable
7

 
5

Customer advances
184

 
149

Current operating lease liabilities
87

 
—

Current maturities of long-term debt
499

 
—

Other current liabilities
9

 
6

Total current liabilities
1,245

 
705

Long-term debt, net of current maturities
4,204

 
4,698

Deferred income taxes
1,235

 
1,117

Operating lease liabilities
181

 
—

Other liabilities
356

 
410

Equity:
 

 
 

Stockholders’ equity
2,980

 
2,958

Noncontrolling interest
2,701

 
2,773

Total equity
5,681

 
5,731

Total liabilities and equity
$
12,902

 
$
12,661



    16    

CF INDUSTRIES HOLDINGS, INC.
SELECTED FINANCIAL INFORMATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(in millions)
Operating Activities:
 
 
 
 
 
 
 
Net earnings
$
114

 
$
71

 
$
552

 
$
333

Adjustments to reconcile net earnings to net cash provided by operating activities:
 
 
 
 
 

 
 

Depreciation and amortization
223

 
233

 
663

 
667

Deferred income taxes
31

 
35

 
116

 
37

Stock-based compensation expense
7

 
6

 
24

 
17

Unrealized net loss (gain) on natural gas derivatives
2

 
(3
)
 
3

 
(11
)
Unrealized loss on embedded derivative
1

 
1

 
3

 
2

Loss (gain) on disposal of property, plant and equipment
2

 
(1
)
 
(43
)
 
(1
)
Undistributed losses (earnings) of affiliate—net of taxes
13

 
(2
)
 
3

 
(5
)
Changes in:
 

 
 

 
 

 
 

Accounts receivable—net
(1
)
 
65

 
(79
)
 
31

Inventories
(4
)
 
(24
)
 
17

 
(3
)
Accrued and prepaid income taxes
(23
)
 
(39
)
 
12

 
13

Accounts payable and accrued expenses
27

 
20

 
(67
)
 
(26
)
Customer advances
163

 
292

 
35

 
224

Other—net
(45
)
 
(9
)
 
(36
)
 
(35
)
Net cash provided by operating activities
510

 
645

 
1,203

 
1,243

Investing Activities:
 

 
 

 
 

 
 

Additions to property, plant and equipment
(143
)
 
(133
)
 
(297
)
 
(278
)
Proceeds from sale of property, plant and equipment
8

 
3

 
71

 
19

Distributions received from unconsolidated affiliate
—

 
—

 
—

 
10

Insurance proceeds for property, plant and equipment
15

 
10

 
15

 
10

Other—net
—

 
—

 
—

 
1

Net cash used in investing activities
(120
)
 
(120
)
 
(211
)
 
(238
)
Financing Activities:
 

 
 

 
 

 
 

Financing fees
—

 
—

 
—

 
1

Dividends paid on common stock
(67
)
 
(70
)
 
(200
)
 
(210
)
Acquisition of noncontrolling interests in TNCLP
—

 
—

 
—

 
(388
)
Distributions to noncontrolling interests
(100
)
 
(80
)
 
(186
)
 
(139
)
Purchases of treasury stock
(71
)
 
(87
)
 
(280
)
 
(87
)
Issuances of common stock under employee stock plans
11

 
6

 
17

 
10

Shares withheld for taxes
—

 
—

 
(4
)
 
(1
)
Net cash used in financing activities
(227
)
 
(231
)
 
(653
)
 
(814
)
Effect of exchange rate changes on cash and cash equivalents
(2
)
 
—

 
(2
)
 
(4
)
Increase in cash and cash equivalents
161

 
294

 
337

 
187

Cash and cash equivalents at beginning of period
858

 
728

 
682

 
835

Cash and cash equivalents at end of period
$
1,019

 
$
1,022

 
$
1,019

 
$
1,022


    17    

CF INDUSTRIES HOLDINGS, INC.
SELECTED FINANCIAL INFORMATION
NON-GAAP DISCLOSURE ITEMS
Reconciliation of net cash provided by operating activities (GAAP measure) to free cash flow (non-GAAP measure):
Free cash flow is defined as net cash provided by operating activities, as stated in the consolidated statements of cash flows, reduced by capital expenditures and distributions to noncontrolling interests. The company has presented free cash flow because management uses this measure and believes it is useful to investors, as an indication of the strength of the company and its ability to generate cash and to evaluate the company’s cash generation ability relative to its industry competitors.
 
Nine months ended
 
Twelve months ended
 
September 30, 2019
 
September 30, 2019
 
 
 
 
Net cash provided by operating activities
$
1,203

 
$
1,457

Capital expenditures
(297
)
 
(441
)
Distributions to noncontrolling interests
(186
)
 
(186
)
Free cash flow
$
720

 
$
830



    18    

CF INDUSTRIES HOLDINGS, INC.
SELECTED FINANCIAL INFORMATION
NON-GAAP DISCLOSURE ITEMS (CONTINUED)
Reconciliation of net earnings attributable to common stockholders and net earnings attributable to common stockholders per ton (GAAP measures) to EBITDA, EBITDA per ton, adjusted EBITDA and adjusted EBITDA per ton (non-GAAP measures), as applicable:
EBITDA is defined as net earnings attributable to common stockholders plus interest expense—net, income taxes and depreciation and amortization. Other adjustments include the elimination of loan fee amortization that is included in both interest and amortization, and the portion of depreciation that is included in noncontrolling interests.
The company has presented EBITDA and EBITDA per ton because management uses these measures to track performance and believes that they are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the industry.
Adjusted EBITDA is defined as EBITDA adjusted with the selected items included in EBITDA as summarized in the table below. The company has presented adjusted EBITDA and adjusted EBITDA per ton because management uses these measures, and believes they are useful to investors, as supplemental financial measures in the comparison of year-over-year performance.
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
(in millions)
Net earnings
$
114

 
$
71

 
$
552

 
$
333

Less: Net earnings attributable to noncontrolling interests
(49
)
 
(41
)
 
(114
)
 
(92
)
Net earnings attributable to common stockholders
65

 
30

 
438

 
241

Interest expense—net
59

 
55

 
170

 
171

Income tax provision
19

 
12

 
113

 
73

Depreciation and amortization
223

 
233

 
663

 
667

Less other adjustments:
 
 
 
 
 
 
 
Depreciation and amortization in noncontrolling interests(1)
(22
)
 
(20
)
 
(63
)
 
(66
)
Loan fee amortization(2)
(3
)
 
(2
)
 
(7
)
 
(6
)
EBITDA
341

 
308

 
1,314

 
1,080

Unrealized net mark-to-market loss (gain) on natural gas derivatives
2

 
(3
)
 
3

 
(11
)
Loss on foreign currency transactions including intercompany loans
5

 
4

 
12

 
1

Gain on sale of Pine Bend facility
—

 
—

 
(45
)
 
—

Property insurance proceeds(3)
(15
)
 
(10
)
 
(15
)
 
(10
)
Costs related to acquisition of TNCLP units
—

 
—

 
—

 
2

PLNL withholding tax charge(4)
16

 
—

 
16

 
—

Total adjustments
8


(9
)

(29
)

(18
)
Adjusted EBITDA
$
349


$
299


$
1,285


$
1,062

 
 
 
 
 
 
 
 
Net sales
$
1,038

 
$
1,040

 
$
3,541

 
$
3,297

Tons of product sold (000s)
4,752

 
4,765

 
14,555

 
14,606

 
 
 
 
 
 
 
 
Net earnings attributable to common stockholders per ton
$
13.68


$
6.30


$
30.09


$
16.50

EBITDA per ton
$
71.76


$
64.64


$
90.28


$
73.94

Adjusted EBITDA per ton
$
73.44


$
62.75


$
88.29


$
72.71

_______________________________________________________________________________
(1) 
For the three and nine months ended September 30, 2019, and the three months ended September 30, 2018, amount relates only to CFN, as we purchased the remaining publicly traded common units of Terra Nitrogen Company, L.P. (TNCLP) on April 2, 2018. For the nine months ended September 30, 2018, amount includes $62 million related to CFN and $4 million related to TNCLP.
(2) 
Loan fee amortization is included in both interest expense—net and depreciation and amortization.
(3) 
Represents proceeds related to a property insurance claim at one of our nitrogen complexes.
(4) 
Represents a charge in the three months ended September 30, 2019 on the books of Point Lisas Nitrogen Limited (PLNL), the company’s Trinidad joint venture, for a tax withholding matter. Amount reflects our 50% equity interest in PLNL.


    19    



During the three and nine months ended September 30, 2019 and 2018, certain items impacted our financial results. The following table outlines these items and how they impacted the comparability of our financial results during these periods. During the three months ended September 30, 2019 and 2018, we reported net earnings attributable to common stockholders of $65 million and $30 million, respectively. During the nine months ended September 30, 2019 and 2018, we reported net earnings attributable to common stockholders of $438 million and $241 million, respectively.
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
 
Pre-Tax
After-Tax
 
Pre-Tax
After-Tax
 
Pre-Tax
After-Tax
 
Pre-Tax
After-Tax
 
(in millions)
Unrealized net mark-to-market loss (gain) on natural gas derivatives(1)
2

2

 
(3
)
(2
)
 
3

3

 
(11
)
(8
)
Loss on foreign currency transactions, including intercompany loans(2)
5

4

 
4

3

 
12

9

 
1

1

Gain on sale of Pine Bend facility(2)
—

—

 
—

—

 
(45
)
(35
)
 
—

—

Insurance proceeds(2)(3)
(37
)
(29
)
 
(10
)
(8
)
 
(37
)
(29
)
 
(10
)
(8
)
Louisiana incentive tax credit(4)
—

—

 
—

—

 
—

(30
)
 
—

—

Costs related to the acquisition of TNCLP units(5)
—

—

 
—

—

 
—

—

 
2

1

Earnings attributable to noncontrolling interests - TNCLP(6)
—

—

 
—

—

 
—

—

 
8

8

PLNL withholding tax charge(7)(8)
16

16

 
—

—

 
16

16

 
—

—

PLNL settlement income(7)
—

—

 
—

—

 
—

—

 
(19
)
(19
)
_______________________________________________________________________________

(1) 
Included in cost of sales in our consolidated statements of operations.
(2) 
Included in other operating—net in our consolidated statements of operations.
(3) 
Represents proceeds related to an insurance claim at one of our nitrogen complexes. Consists of $22 million related to business interruption insurance proceeds and $15 million related to property insurance proceeds. The $10 million of insurance proceeds in 2018 is related to property insurance proceeds.
(4) 
Included in income tax provision in our consolidated statement of operations.
(5) 
Included in selling, general and administrative expenses in our consolidated statements of operations.
(6) 
Included in net earnings attributable to noncontrolling interests in our consolidated statements of operations.
(7) 
Included in equity in (losses) earnings of operating affiliate in our consolidated statements of operations.
(8) 
Represents a charge in the three months ended September 30, 2019 on the books of PLNL, the company’s Trinidad joint venture, for a tax withholding matter. Amount reflects our 50% equity interest in PLNL.
        
 
 
 
 
 
 
 


    20    
 EX-101.SCH 3 cf-20191030.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 cf-20191030_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 cf-20191030_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 cf-20191030_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Document and Entity Information Document Type Document Type Document Period End Date Document Period End Date Entity Registrant Name Entity Registrant Name Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity File Number Entity File Number Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line One Entity Address, City or Town Entity Address, City or Town Entity Address, State or Province Entity Address, State or Province Entity Address, Postal Zip Code Entity Address, Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Entity Shell Company Written Communications Soliciting Material Soliciting Material Pre-commencement Tender Offer Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security Title of 12(b) Security Trading Symbol Trading Symbol Security Exchange Name Security Exchange Name Entity Emerging Growth Company Entity Emerging Growth Company Entity Central Index Key Entity Central Index Key Amendment Flag Amendment Flag EX-101.PRE 7 cf-20191030_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 8 cfindustriesa70.jpg begin 644 cfindustriesa70.jpg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end EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 10 R1.htm IDEA: XBRL DOCUMENT v3.19.3
Document and Entity Information
Oct. 30, 2019
Document and Entity Information  
Document Type 8-K
Document Period End Date Oct. 30, 2019
Entity Registrant Name CF Industries Holdings, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-32597
Entity Tax Identification Number 20-2697511
Entity Address, Address Line One 4 Parkway North, Suite 400
Entity Address, City or Town Deerfield,
Entity Address, State or Province IL
Entity Address, Postal Zip Code 60015
City Area Code 847
Local Phone Number 405-2400
Entity Shell Company false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security common stock, par value $0.01 per share
Trading Symbol CF
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001324404
Amendment Flag false
XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.3 html 1 97 1 false 0 0 false 0 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://www.cfindustries.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports cf-103020198kearningsr.htm cf-10302019exhibit991e.htm cf-20191030.xsd cf-20191030_cal.xml cf-20191030_def.xml cf-20191030_lab.xml cf-20191030_pre.xml http://xbrl.sec.gov/dei/2019-01-31 true true JSON 12 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "cf-103020198kearningsr.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "calculationLink": { "local": [ "cf-20191030_cal.xml" ] }, "definitionLink": { "local": [ "cf-20191030_def.xml" ], "remote": [ "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-eedm-def-2019-01-31.xml", "http://xbrl.fasb.org/srt/2019/elts/srt-eedm1-def-2019-01-31.xml" ] }, "inline": { "local": [ "cf-103020198kearningsr.htm" ] }, "labelLink": { "local": [ "cf-20191030_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml" ] }, "presentationLink": { "local": [ "cf-20191030_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml" ] }, "schema": { "local": [ "cf-20191030.xsd" ], "remote": [ "http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-roles-2019-01-31.xsd", "https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://xbrl.sec.gov/currency/2019/currency-2019-01-31.xsd", "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd", "https://xbrl.sec.gov/exch/2019/exch-2019-01-31.xsd", "http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd", "http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 23, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2019-01-31": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 97, "memberCustom": 0, "memberStandard": 0, "nsprefix": "cf", "nsuri": "http://www.cfindustries.com/20191030", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "cf-103020198kearningsr.htm", "contextRef": "D2019Q4Oct30", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0001000 - Document - Document and Entity Information", "role": "http://www.cfindustries.com/role/DocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "cf-103020198kearningsr.htm", "contextRef": "D2019Q4Oct30", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "cf_DocumentAndEntityInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "", "label": "Document and Entity Information" } } }, "localname": "DocumentAndEntityInformationAbstract", "nsuri": "http://www.cfindustries.com/20191030", "xbrltype": "stringItemType" }, "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-US": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Entity Shell Company" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cfindustries.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } XML 13 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 14 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 16 cf-103020198kearningsr_htm.xml IDEA: XBRL DOCUMENT 0001324404 2019-10-30 2019-10-30 false 0001324404 8-K 2019-10-30 CF Industries Holdings, Inc. DE 001-32597 20-2697511 4 Parkway North, Suite 400 60015 Deerfield, IL 847 405-2400 false false false false common stock, par value $0.01 per share CF NYSE false ZIP 17 0001324404-19-000021-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001324404-19-000021-xbrl.zip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end