Mosaic (MOS) FY2018 results: revenue $9.6 billion, up 29.4% on the year
Mosaic Co. (MOS) reported revenue of $9.6 billion for fiscal 2018, the year ended 31 December 2018, up 29.4% on the year before. Net income was $470 million, and diluted earnings per share $1.22. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$9.6 billion
+29.4% on the year
FY2014FY2018
Operating margin
9.7%
6.3% a year earlier
FY2014FY2018
Net income
$470 million
FY2014FY2018
Diluted EPS
$1.22
FY2014FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
9,587
7,409
7,163
+29.4%
Cost of revenue
8,089
6,567
6,353
+23.2%
Gross profit
1,498
843
810
+77.8%
Gross margin
15.6%
11.4%
11.3%
Selling, general and administrative
341
301
304
+13.2%
Operating income
928
466
319
+99.3%
Operating margin
9.7%
6.3%
4.5%
Interest expense
216
171
141
+26.0%
Pre-tax income
552
374
242
+47.5%
Income tax
77.1
495
-74.2
-84.4%
Effective tax rate
14.0%
132.3%
-30.6%
Net income
470
-107
298
Net margin
4.9%
-1.4%
4.2%
Diluted EPS
$1.22
-$0.31
$0.85
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,410
936
1,260
+50.7%
Capital expenditure
954
820
843
+16.4%
Free cash flow
455
115
417
+294.5%
Free cash flow margin
4.7%
1.6%
5.8%
Cash from investing
-1,945
-668
-1,866
Cash from financing
-725
1,201
-889
Depreciation and amortisation
884
666
711
+32.8%
Share-based compensation
27.5
28.0
30.5
-1.8%
Buybacks
0.0
0.0
75.0
Dividends paid
38.5
211
385
-81.7%
Dividend per share
$0.10
$0.35
$1.10
-71.4%
Diluted shares, weighted
386m
351m
352m
+10.1%
Shares outstanding at period end
385m
351m
350m
+9.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
10,397
9,618
9,585
+8.1%
Non-controlling interest
207
21.6
37.9
+860.2%
Debt
5,102
5,614
3,947
-9.1%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
4,413
3,380
3,271
+30.5%
Total liabilities and equity
20,119
18,633
16,841
+8.0%
Fixed assets
11,746
9,712
9,198
+21.0%
Goodwill
1,708
1,694
1,631
+0.8%
Cash and equivalents
848
2,154
673
-60.6%
Receivables
838
643
628
+30.5%
Inventory
2,270
1,547
1,391
+46.7%
Other assets
2,709
2,885
3,319
-6.1%
Total assets
20,119
18,633
16,841
+8.0%
10-K for the year ended 31 December 2018, filed 22 February 2021: the filing.