Mosaic (MOS) FY2019 results: revenue $8.9 billion, down 7.1% on the year
Mosaic Co. (MOS) reported revenue of $8.9 billion for fiscal 2019, the year ended 31 December 2019, down 7.1% on the year before. Net income was -$1.1 billion, and diluted earnings per share $-2.78. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$8.9 billion
-7.1% on the year
FY2014FY2019
Operating margin
-12.3%
9.7% a year earlier
FY2014FY2019
Net income
-$1.1 billion
FY2014FY2019
Diluted EPS
-$2.78
FY2014FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
8,906
9,587
7,409
-7.1%
Cost of revenue
8,009
8,089
6,567
-1.0%
Gross profit
897
1,498
843
-40.1%
Gross margin
10.1%
15.6%
11.4%
Selling, general and administrative
354
341
301
+3.8%
Operating income
-1,095
928
466
Operating margin
-12.3%
9.7%
6.3%
Interest expense
216
216
171
+0.1%
Pre-tax income
-1,256
552
374
Income tax
-225
77.1
495
Effective tax rate
n/a
14.0%
132.3%
Net income
-1,067
470
-107
Net margin
-12.0%
4.9%
-1.4%
Diluted EPS
-$2.78
$1.22
-$0.31
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,095
1,410
936
-22.3%
Capital expenditure
1,272
954
820
+33.3%
Free cash flow
-177
455
115
Free cash flow margin
-2.0%
4.7%
1.6%
Cash from investing
-1,361
-1,945
-668
Cash from financing
-82.2
-725
1,201
Depreciation and amortisation
883
884
666
-0.1%
Share-based compensation
27.9
27.5
28.0
+1.5%
Buybacks
150
0.0
0.0
Dividends paid
67.2
38.5
211
+74.5%
Dividend per share
$0.20
$0.10
$0.35
+100.0%
Diluted shares, weighted
384m
386m
351m
-0.7%
Shares outstanding at period end
379m
385m
351m
-1.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
9,186
10,397
9,618
-11.7%
Non-controlling interest
182
207
21.6
-12.2%
Debt
5,355
5,102
5,614
+5.0%
Operating lease liabilities
127
0.0
n/a
Finance lease liabilities
303
n/a
n/a
Other liabilities
4,146
4,413
3,380
-6.1%
Total liabilities and equity
19,298
20,119
18,633
-4.1%
Fixed assets
11,690
11,746
9,712
-0.5%
Goodwill
1,157
1,708
1,694
-32.2%
Cash and equivalents
519
848
2,154
-38.8%
Receivables
804
838
643
-4.1%
Inventory
2,076
2,270
1,547
-8.5%
Other assets
3,052
2,709
2,885
+12.7%
Total assets
19,298
20,119
18,633
-4.1%
10-K for the year ended 31 December 2019, filed 22 February 2021: the filing.