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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1.57B | 6.9% |
| Gross Profit | 679M | 66% |
| Cost of Revenue | 893M | 15.8% |
| Operating expense | 114M | 43.3% |
| Net Income | 420M | 116.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 13.8B | 0.6% |
| Total Liabilities | 8.32B | 1.3% |
| Total Equity | 5.46B | 0.4% |
| Shares Outstanding | 183M | 2.6% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 475M | 6.7% |
| Cash from investing | -34M | 66% |
| Cash from financing | -396M | 34.2% |
EPS
Financial Highlights for CF Industries in Q2 '24
CF Industries reported a revenue of 1.57B, which is a 6.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 679M, marking a 66% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 893M, a -15.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 114M, showing a -43.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 420M, showing a 116.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for CF Industries with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.