CF Industries Holdings Inc. Reports Operating Results (10-K)

Author's Avatar
Feb 25, 2011
CF Industries Holdings Inc. (CF, Financial) filed Annual Report for the period ended 2010-12-31.

Cf Industries Holding Inc. has a market cap of $9.53 billion; its shares were traded at around $134.02 with a P/E ratio of 17.2 and P/S ratio of 2.4. The dividend yield of Cf Industries Holding Inc. stocks is 0.3%. Cf Industries Holding Inc. had an annual average earning growth of 85.7% over the past 5 years.Hedge Fund Gurus that owns CF: Stanley Druckenmiller of Duquesne Capital Management, LLC, David Tepper of Appaloosa Management LP, Joel Greenblatt of Gotham Capital, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC. Mutual Fund and Other Gurus that owns CF: Jean-Marie Eveillard of First Eagle Investment Management, LLC, David Dreman of Dreman Value Management, Pioneer Investments, Jeremy Grantham of GMO LLC, Mario Gabelli of GAMCO Investors, Chuck Royce of Royce& Associates.

Highlight of Business Operations:

the largest nitrogen fertilizer complex in North America (Donaldsonville, Louisiana); a 66% economic interest in the largest nitrogen fertilizer complex in Canada (which we operate in Medicine Hat, Alberta, through Canadian Fertilizers Limited (CFL); one of the largest integrated ammonium phosphate fertilizer complexes in the United States (Plant City, Florida); the most-recently constructed phosphate rock mine and associated beneficiation plant in the United States (Hardee County, Florida); an extensive system of terminals, warehouses and associated transportation equipment located primarily in the Midwestern United States; and a 50% interest in KEYTRADE AG (Keytrade), a global fertilizer trading company headquartered near Zurich, Switzerland. In April 2010, we acquired Terra Industries Inc. (Terra), a leading North American producer and marketer of nitrogen fertilizer products. The principal assets acquired included:

a 50% interest in Point Lisas Nitrogen Limited (PLNL), an ammonia production joint venture located in the Republic of Trinidad and Tobago; and a 50% interest in GrowHow UK Limited (GrowHow), a nitrogen products production joint venture located in the United Kingdom and serving the British agricultural and industrial markets. For the year ended December 31, 2010, we sold 11.5 million tons of nitrogen fertilizers and 1.9 million tons of phosphate fertilizers, generating net sales of $4.0 billion and pre-tax earnings of $687.7 million.

We operate seven nitrogen fertilizer production facilities in North America. We own five of those production facilities, four in the Central United States and one in Ontario, Canada. We also have a 75% interest in TNCLP and its subsidiary, TNLP, which owns a nitrogen fertilizer facility in Verdigris, Oklahoma, and a 66% economic interest in CFL, a variable interest entity that owns the nitrogen fertilizer complex in Medicine Hat, Alberta, Canada. In 2010, the combined production capacity of these seven facilities represented approximately 39% of North American ammonia capacity, 34% of North American dry urea capacity, 47% of North American UAN capacity and 22% of North American ammonium nitrates products capacity. Each of our nitrogen fertilizer production facilities in North America has on-site storage to provide flexibility to manage the flow of outbound shipments without impacting production.

Read the The complete Report