MOSAIC CO

10-K & 10-Q Filings

The Mosaic Company is a leading global producer and marketer of concentrated phosphate and potash crop nutrients and animal feed ingredients. The company serves customers in approximately 40 countries and is the second largest integrated phosphate producer and one of the largest producers and marketers of phosphate-based animal feed ingredients in North America and Brazil. It is headquartered in Tampa, Florida, and is publicly traded on the New York Stock Exchange under the ticker symbol "MOS." The company's business strategy involves maximizing the value and utility of its extensive land holdings in Florida through the development of the Streamsong Resort and the sale of the resort in 2023 for $158 million. It also purchased the other 50% interest of Gulf Sulphur Services, securing control of its sulfur supply chain in the Gulf of Mexico. The company is organized into three reportable business segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment produces concentrated phosphate crop nutrients and animal feed ingredients in Florida and Louisiana, and has a 75% economic interest in the Miski Mayo Phosphate Mine in Peru. The Potash segment mines and processes potash in Canada and the U.S., and sells potash in North America and internationally. The Mosaic Fertilizantes segment produces and sells phosphate- and potash-based crop nutrients, animal feed ingredients, and potash fertilizer in Brazil. The company's website is www.mosaicco.com. Its annual report on Form 10-K for the year ended December 31, 2023, can be found on the Securities and Exchange Commission's (SEC) website, EDGAR Online, under the company's CIK number 0001190125. Its common stock is listed on the New York Stock Exchange under the symbol "MOS."

12 mos ending May 31, 201212 mos ending May 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$11107.80
9974.10
9055.80
8895.30
7162.80
7409.40
-166.10
8723.40
8501.10
12188.30
18987.40
13566.70
3563.20
2631.40
1.83%-26.15%Cost of Revenue (-)
$8022.80
7213.90
7129.20
7177.40
6352.80
6566.60
-1664.50
8009.00
7616.80
9157.10
13369.40
11485.50
2933.90
2280.20
3.32%-22.28%Gross Profit (+)
$3085.00
2760.20
1926.60
1717.90
810.00
842.80
1498.40
897.30
1064.90
3200.30
5755.80
2210.60
670.40
399.20
-2.98%-40.45%Selling, General & Administrative (-)
$410.10
427.30
382.40
361.20
304.20
301.30
341.10
354.10
371.50
430.50
498.00
500.50
127.70
106.80
1.83%-16.37%Non-recurring Operating Expenses (-)
$
125.40
1462.10
158.10
Operating Expenses (-)
$473.90
550.60
614.80
439.10
491.00
377.10
570.10
1992.20
652.00
731.80
970.50
872.50
125.80
226.30
5.71%79.89%Costs & Expenses (Total) (-)
$8496.70
7764.50
7760.40
7616.50
6843.80
6943.70
-1094.40
10001.20
8268.80
9888.90
14339.90
12358.00
3059.70
2506.50
3.46%-18.08%Operating Income/Loss (+)
$2611.10
2209.60
1311.80
1278.80
319.00
465.70
928.30
-1094.90
412.90
2468.50
4785.30
1338.10
544.60
172.90
-5.90%-68.25%Non-operating Income/Expense (+)
$12.40
4.40
71.10
-80.10
20.40
63.10
-215.20
-37.70
-145.20
-66.80
191.00
177.50
73.80
-99.70
27.37%-235.09%Interest Expense (-)
$-18.70
-18.80
107.60
97.80
112.40
138.10
Earnings before Tax (+)
$2628.90
2214.50
1217.30
1103.30
242.40
374.00
551.50
-1256.10
180.90
2224.80
4642.50
1325.90
546.00
25.20
-6.03%-95.38%Tax Expense (-)
$711.40
341.00
184.70
99.10
-74.20
494.90
77.10
-224.70
-578.50
597.70
1224.30
177.00
118.30
6.20
-11.88%-94.76%Income/Loss (Continuing Operations) (+)
$1917.50
1873.50
1032.60
1004.20
316.60
-120.90
474.40
-1031.40
759.40
1627.10
3418.20
1148.90
427.70
19.00
-4.55%-95.56%Profit/Loss (+)
$1930.80
1891.80
1030.40
1001.80
301.20
-104.20
469.90
-1090.80
665.60
1634.90
3614.20
1209.20
459.00
56.50
-4.17%-87.69%Net Income/Loss (NCI) (-)
$0.60
3.10
1.80
1.40
3.40
3.00
-0.10
-23.40
-0.50
4.30
31.40
44.30
24.20
11.30
47.86%-53.31%Net Income/Loss (+)
$1930.20
1888.70
1028.60
1000.40
297.80
-107.20
470.00
-1067.40
666.10
1630.60
3582.80
1164.90
434.80
45.20
-4.49%-89.60%Net Income/Loss (Common) (+)
$1930.20
1888.70
1028.60
1000.40
297.80
-107.20
470.00
-1067.40
666.10
1630.60
3582.80
1164.90
434.80
45.20
-4.49%-89.60%EPS (Basic)
$4.44
4.44
2.69
2.79
0.85
-0.31
1.22
-2.78
1.76
4.31
10.17
3.52
1.30
0.14
-2.09%-89.23%EPS (Diluted)
$4.42
4.42
2.68
2.78
0.85
-0.31
1.22
-2.78
1.75
4.27
10.06
3.50
1.28
0.14
-2.10%-89.06%Weighted Avg Shares (Basic)
435.20
425.70
348.67
358.50
350.40
350.90
384.80
383.80
379.00
378.10
352.40
331.30
335.40
322.10
-2.45%-3.97%Weighted Avg Shares (Diluted)
436.50
426.90
360.30
351.70
350.90
386.40
383.80
381.30
381.60
356.00
333.20
338.70
323.50
-2.43%-4.49%Cash
$3811.00
3697.10
2374.60
1276.30
673.10
2153.50
847.70
519.10
574.00
769.50
735.40
348.80
464.80
336.70
-19.54%-27.56%Receivables
$751.60
1015.70
754.40
675.00
627.80
642.60
838.50
803.90
881.10
1531.90
1699.90
1269.20
1426.30
1330.90
4.88%-6.69%Inventory
$1237.60
1557.30
1718.30
1563.50
1391.10
1547.20
2270.20
2076.40
1739.20
2741.40
3543.10
2523.20
3320.00
2603.00
6.69%-21.60%Other Assets (Current)
$780.90
610.40
516.90
629.90
365.70
273.20
280.60
318.80
326.90
282.50
578.20
603.80
642.30
384.60
-2.31%-40.12%Assets (Current)
$6581.10
6880.50
5364.20
4144.70
3057.70
4616.50
4237.00
3718.20
3521.20
5325.30
6556.60
4745.00
5853.40
4655.20
-2.93%-20.47%Securities & Long-term Investments
$454.20
431.50
849.80
980.50
1063.10
1089.50
826.60
763.60
673.10
691.80
885.90
909.00
879.80
932.00
6.51%5.93%Property, Plant & Equipment (Net)
$7545.90
8486.80
9313.90
8721.00
9198.50
9711.70
11746.50
11690.00
11854.30
12475.30
12678.70
13585.40
12789.20
3399.60
5.49%-73.42%Accumulated Depreciation
$
10061.70
Goodwill & Intangibles
$1844.40
1844.60
1806.50
1595.30
1630.90
1693.60
1707.50
1156.90
1173.00
1172.20
1116.30
1138.60
1118.60
1117.80
-4.29%-0.07%Other Assets
$264.80
442.60
948.60
1970.90
1890.50
1522.10
1601.60
1969.80
2568.20
2371.80
2148.50
2654.80
2216.50
2706.70
23.31%22.12%Assets (Non-current)
$10109.30
11205.50
12918.80
13267.70
13783.00
14016.90
15882.20
15580.30
16268.60
16711.10
16829.40
18287.80
17004.10
18217.80
5.54%7.14%Assets (Total)
$16690.40
18086.00
18283.00
17412.40
16840.70
18633.40
20119.20
19298.50
19789.80
22036.40
23386.00
23032.80
22857.50
22873.00
2.97%0.07%Accounts Payable
$1812.30
1608.20
1542.20
1498.10
1309.10
1295.30
1873.40
1762.30
2002.20
3144.30
3572.40
2944.00
2788.30
2420.90
4.51%-13.18%Debt (Current)
$43.00
69.60
54.50
550.20
167.70
735.80
610.30
829.40
1144.30
1643.10
985.30
929.70
2379.30
1599.50
32.24%-32.77%Other Liabilities (Current)
$62.40
87.10
3.70
976.10
Liabilities (Current)
$1917.70
1764.90
1600.40
2048.30
1476.80
2031.10
2483.70
2591.70
3146.50
4787.40
5533.80
3873.70
5167.60
4020.40
6.60%-22.20%Debt (Non-current)
$1010.00
1009.60
3778.00
3791.10
3779.30
4878.10
4491.50
4525.50
4073.80
3382.20
2411.90
3231.60
2408.90
3221.70
11.15%33.74%Other Liabilities
$1763.30
1868.60
2184.00
2008.00
1962.10
2085.10
2539.30
2813.70
2814.30
3118.30
3246.10
3494.70
3224.50
3467.10
6.42%7.52%Liabilities (Non-current)
$2773.30
2878.20
5962.00
5799.10
5741.40
6963.20
7030.80
7339.20
6888.10
6500.50
5658.00
6726.30
5633.40
6688.80
8.39%18.73%Liabilities (Total)
$4691.00
4643.10
7562.40
7847.40
7218.20
8994.30
9514.50
9930.90
10034.60
11287.90
11191.80
10600.00
10801.00
10709.20
7.69%-0.85%Retained Earnings
$10141.30
11603.40
11168.90
11014.80
10863.40
10631.10
11064.70
9921.50
10511.00
12014.20
14203.40
14241.90
13996.50
14109.00
3.14%0.80%AOCI
$378.00
326.40
-473.70
-1492.90
-1312.20
-1061.60
-1657.10
-1598.20
-1806.20
-1891.80
-2152.20
-1954.90
-2106.00
-2093.30
0.60%Shareholder's Equity
$11999.40
13442.90
10720.60
9565.00
9622.50
9639.10
10604.70
9367.60
9755.20
10748.50
12194.20
12432.80
12056.50
12163.80
0.32%0.89%Liabilities & Equity
$16690.40
18086.00
18283.00
17412.40
16840.70
18633.40
20119.20
19298.50
19789.80
22036.40
23386.00
23032.80
22857.50
22873.00
2.97%0.07%Net Income/Loss
$1930.80
1891.80
1030.40
1001.80
301.20
-104.20
469.90
-1090.80
665.60
1634.90
3614.20
1209.20
459.00
56.50
-4.17%-87.69%Depreciation & Amortization
$508.10
604.80
799.90
739.80
711.20
665.50
883.90
882.70
847.60
812.90
933.90
960.60
220.00
241.10
5.96%9.59%Increase/Decrease in Working Capital
$-137.40
731.90
-147.40
116.50
-131.60
-295.50
123.50
280.70
157.10
530.90
648.10
-140.50
488.50
538.80
10.30%Share-based Compensation
$23.40
28.20
54.30
41.30
30.50
28.00
27.50
27.90
17.80
29.50
27.90
33.00
12.40
9.30
3.17%-25.00%Adjustments to Reconcile Net Income
$758.20
-4.30
1263.30
805.80
964.90
1031.40
939.90
2186.20
917.00
552.10
321.60
1198.00
-310.00
-136.50
4.25%55.97%Net Cash (Operating)
$2705.80
1887.50
2293.70
1807.60
1266.10
935.50
1409.80
1095.40
1582.60
2187.00
3935.80
2407.20
149.00
-80.00
-1.06%-153.69%Capital Expenditure
$1639.30
1603.30
2727.70
1179.50
1087.10
581.90
1927.20
1323.40
1170.60
1284.60
1247.30
1443.40
362.50
383.00
-1.15%5.66%Net Cash (Investing)
$-1627.40
-1589.80
-2739.10
-1748.40
-1049.50
-667.80
-1944.70
-1360.90
-1189.50
-1322.30
-1259.60
-1317.20
-221.40
-387.80
-75.16%Increase/Decrease in Debt
$224.30
26.40
789.70
197.10
-432.00
1427.50
-680.90
135.60
-202.40
-211.30
-407.10
-304.90
2.20
153.60
6881.82%Increase/Decrease in Equity
$-1162.50
-2755.30
-709.50
-75.00
-15.40
-149.90
-410.90
-1665.20
-756.00
-456.00
-108.40
76.23%Interest Expenses
$
7.90
17.10
116.46%Dividends Paid
$119.50
426.60
382.50
384.70
385.10
210.60
38.50
67.20
75.80
135.00
235.70
393.10
152.40
77.90
11.43%-48.88%Net Cash (Financing)
$-1061.10
-397.80
-2340.00
-893.40
-888.60
1200.80
-724.80
-82.20
-283.80
-682.10
-2678.70
-1480.50
-209.00
457.90
319.09%Cash Taxes Paid
$
225.70
98.60
-56.31%Effect of Exchange Rate
$-112.70
-13.80
-133.10
-264.10
68.80
14.50
-63.70
9.00
-47.20
9.30
-29.70
-2.80
4.30
-3.80
-188.37%Increase/Decrease in Cash
$-95.40
-113.90
-2918.50
-1098.30
-603.20
1483.00
-1323.40
-338.70
62.10
191.90
-32.20
-393.30
-277.10
-13.70
95.06%Cash (Beginning)
$3906.40
3811.00
5293.10
2374.60
1276.30
711.40
2194.40
871.00
532.30
594.40
786.30
754.10
754.10
360.80
-13.89%-52.15%Cash (Ending)
$3811.00
3697.10
2374.60
1276.30
673.10
2194.40
871.00
532.30
594.40
786.30
754.10
360.80
477.00
347.10
-19.29%-27.23%NOPAT
$1904.52
1869.35
1112.76
1163.94
416.65
-150.54
798.52
-1290.76
1733.31
1805.33
3523.34
1159.47
319.48
849.41
-4.41%165.87%Gross Margin %
27.77%
27.67%
21.27%
19.31%
11.31%
11.37%
10.29%
12.53%
26.26%
30.31%
16.29%
18.81%
15.17%
Operating Margin %
23.51%
22.15%
14.49%
14.38%
4.45%
6.29%
-12.55%
4.86%
20.25%
25.20%
9.86%
15.28%
6.57%
NOPAT Margin %
17.15%
18.74%
12.29%
13.08%
5.82%
-2.03%
-14.80%
20.39%
14.81%
18.56%
8.55%
8.97%
32.28%
Net Margin %
17.38%
18.94%
11.36%
11.25%
4.16%
-1.45%
-12.24%
7.84%
13.38%
18.87%
8.59%
12.20%
1.72%
Tax Rate %
27.06%
15.40%
15.17%
8.98%
-30.61%
132.33%
13.98%
-17.89%
-319.79%
26.87%
26.37%
13.35%
41.34%
-391.27%
ROA
11.41%
10.34%
6.09%
6.68%
2.47%
-0.81%
3.97%
-6.69%
8.76%
8.19%
15.07%
5.03%
1.40%
3.71%
ROE
15.87%
13.91%
10.38%
12.17%
4.33%
-1.56%
7.53%
-13.78%
17.77%
16.80%
28.89%
9.33%
2.65%
6.98%
ROIC
17.89%
15.26%
8.59%
9.74%
3.41%
-1.15%
5.44%
-8.91%
12.19%
11.61%
22.42%
7.28%
1.97%
13.50%
Asset Turnover
0.67
0.55
0.50
0.51
0.43
0.40
-0.01
0.45
0.43
0.55
0.81
0.59
0.16
0.12
Inventory Turnover
6.48
4.63
4.15
4.59
4.57
4.24
-0.73
3.86
4.38
3.34
3.77
4.55
0.88
0.88
Equity Multiplier
1.39
1.35
1.71
1.82
1.75
1.93
1.90
2.06
2.03
2.05
1.92
1.85
1.90
1.88
Current Ratio
3.43
3.90
3.35
2.02
2.07
2.27
1.71
1.43
1.12
1.11
1.18
1.22
1.13
1.16
Quick Ratio
2.38
2.67
1.96
0.95
0.88
1.38
0.68
0.51
0.46
0.48
0.44
0.42
0.37
0.41
Debt/Equity Ratio
0.09
0.08
0.36
0.45
0.41
0.58
0.48
0.57
0.53
0.47
0.28
0.33
0.40
0.40
Interest Coverage Ratio
68.94
10.11
Working Capital/Sales
0.11
0.19
0.20
0.18
0.19
0.22
0.19
0.14
0.16
0.10
0.09
0.65
0.67
Dividend Payout Ratio %
6.27%
22.82%
34.37%
33.05%
92.43%
139.89%
4.82%
5.21%
4.37%
7.48%
6.69%
33.90%
47.70%
9.17%
Total Payout
$1057.70
400.20
2348.10
897.10
892.10
-1201.50
719.40
81.50
278.20
757.20
2308.00
1454.00
614.10
49.80
2.94%-91.89%Payout Ratio %
55.54%
21.41%
211.02%
77.07%
214.11%
-798.11%
90.09%
6.31%
16.05%
41.94%
65.51%
125.40%
192.22%
5.86%