CF FY 2007 Earnings Report — CF Industries Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CF Industries Holdings, Inc.CF

FY 2007 Earnings

Reported February 27, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$2.8B	—	$1.9B	—	41.4%
Op. Income	$664M	—	$164M	—	305.6%
Gross Margin	26.5%	—	12.4%	—	14.1pp
Net Margin	13.5%	—	1.7%	—	11.8pp
EPS (Diluted)	$1.31	—	$0.12	—	991.7%
Free Cash Flow	$585M	—	$144M	—	305.4%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.0B
GROSS PROFIT	$730M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$68M
Other Expenses	$0
Operating Expenses	$65M
Cost & Expenses	$2.1B
OPERATING INCOME	$664M
Interest Income	$24M
Interest Expense	$2M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$571M
Income Tax Expense	$200M
Net Income from Continuing Ops	$373M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$373M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$373M
D&A	$85M
EBIT	$628M
EBITDA	$712M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.0B
GROSS PROFIT	$730M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$68M
Other Expenses	$0
Operating Expenses	$65M
Cost & Expenses	$2.1B
OPERATING INCOME	$664M
Interest Income	$24M
Interest Expense	$2M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$571M
Income Tax Expense	$200M
Net Income from Continuing Ops	$373M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$373M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$373M
D&A	$85M
EBIT	$628M
EBITDA	$712M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$373M
Depreciation & Amortization	$85M
Stock-Based Compensation	$10M
Deferred Income Tax	$48M
Other Non-Cash Items	$21M
Change in Working Capital	$154M
OPERATING CASH FLOW	$690M
Capital Expenditure	-$105M
Acquisitions (Net)	$4M
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$946M
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$343M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$5M
Other Financing Activities	-$17M
NET CASH FROM FINANCING	-$5M
FREE CASH FLOW	$585M
Net Change in Cash	$341M

Balance Sheet

Item	Amount
Cash & Equivalents	$367M
Short-Term Investments	$495M
Net Receivables	$149M
Inventory	$232M
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$624M
Goodwill	$900.0K
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$109M
TOTAL NON-CURRENT ASSETS	$733M
TOTAL ASSETS	$2.0B
Account Payables	$210M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$268M
TOTAL CURRENT LIABILITIES	$629M
Long-Term Debt	$5M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$32M
Other Non-Current Liabilities	$142M
TOTAL NON-CURRENT LIABILITIES	$179M
TOTAL LIABILITIES	$808M
Common Stock	$600.0K
Additional Paid-In Capital	$791M
Retained Earnings	$417M
Treasury Stock	$0
Accum. Other Comp. Income	-$21M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$17M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$5M
Net Debt	-$362M