Mosaic (MOS) FY2017 results: revenue $7.4 billion, up 3.4% on the year
Mosaic Co. (MOS) reported revenue of $7.4 billion for fiscal 2017, the year ended 31 December 2017, up 3.4% on the year before. Net income was -$107 million, and diluted earnings per share $-0.31. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$7.4 billion
+3.4% on the year
FY2014FY2017
Operating margin
6.3%
4.5% a year earlier
FY2014FY2017
Net income
-$107 million
FY2014FY2017
Diluted EPS
-$0.31
FY2014FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
7,409
7,163
8,895
+3.4%
Cost of revenue
6,567
6,353
7,177
+3.4%
Gross profit
843
810
1,718
+4.0%
Gross margin
11.4%
11.3%
19.3%
Selling, general and administrative
301
304
361
-1.0%
Operating income
466
319
1,279
+46.0%
Operating margin
6.3%
4.5%
14.4%
Interest expense
171
141
134
+21.8%
Pre-tax income
374
242
1,103
+54.3%
Income tax
495
-74.2
99.1
Effective tax rate
132.3%
-30.6%
9.0%
Net income
-107
298
1,000
Net margin
-1.4%
4.2%
11.2%
Diluted EPS
-$0.31
$0.85
$2.78
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
936
1,260
2,038
-25.8%
Capital expenditure
820
843
1,000
-2.7%
Free cash flow
115
417
1,038
-72.3%
Free cash flow margin
1.6%
5.8%
11.7%
Cash from investing
-668
-1,866
-1,118
Cash from financing
1,201
-889
-893
Depreciation and amortisation
666
711
740
-6.4%
Share-based compensation
28.0
30.5
41.3
-8.2%
Buybacks
0.0
75.0
710
Dividends paid
211
385
385
-45.3%
Dividend per share
$0.35
$1.10
$1.07
-68.2%
Diluted shares, weighted
351m
352m
360m
-0.2%
Shares outstanding at period end
351m
350m
n/a
+0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
9,618
9,585
9,532
+0.3%
Non-controlling interest
21.6
37.9
33.2
-43.0%
Debt
5,614
3,947
4,318
+42.2%
Other liabilities
3,380
3,271
3,529
+3.3%
Total liabilities and equity
18,633
16,841
17,412
+10.6%
Fixed assets
9,712
9,198
8,721
+5.6%
Goodwill
1,694
1,631
1,595
+3.8%
Cash and equivalents
2,154
673
1,276
+219.9%
Receivables
643
628
675
+2.4%
Inventory
1,547
1,391
1,564
+11.2%
Other assets
2,885
3,319
3,581
-13.1%
Total assets
18,633
16,841
17,412
+10.6%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.