Mosaic (MOS) FY2020 results: revenue $8.7 billion, down 2.5% on the year
Mosaic Co. (MOS) reported revenue of $8.7 billion for fiscal 2020, the year ended 31 December 2020, down 2.5% on the year before. Net income was $666 million, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$8.7 billion
-2.5% on the year
FY2014FY2020
Operating margin
4.8%
-12.3% a year earlier
FY2014FY2020
Net income
$666 million
FY2014FY2020
Diluted EPS
$1.75
FY2014FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
8,682
8,906
9,587
-2.5%
Cost of revenue
7,617
8,009
8,089
-4.9%
Gross profit
1,065
897
1,498
+18.7%
Gross margin
12.3%
10.1%
15.6%
Selling, general and administrative
372
354
341
+4.9%
Operating income
413
-1,095
928
Operating margin
4.8%
-12.3%
9.7%
Interest expense
214
216
216
-0.9%
Pre-tax income
181
-1,256
552
Income tax
-578
-225
77.1
Effective tax rate
-319.8%
n/a
14.0%
Net income
666
-1,067
470
Net margin
7.7%
-12.0%
4.9%
Diluted EPS
$1.75
-$2.78
$1.22
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,583
1,095
1,410
+44.5%
Capital expenditure
1,171
1,272
954
-8.0%
Free cash flow
412
-177
455
Free cash flow margin
4.7%
-2.0%
4.7%
Cash from investing
-1,190
-1,361
-1,945
Cash from financing
-284
-82.2
-725
Depreciation and amortisation
848
883
884
-4.0%
Share-based compensation
17.8
27.9
27.5
-36.2%
Buybacks
0.0
150
0.0
Dividends paid
75.8
67.2
38.5
+12.8%
Dividend per share
$0.20
$0.20
$0.10
0.0%
Diluted shares, weighted
381m
384m
386m
-0.7%
Shares outstanding at period end
379m
379m
385m
+0.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
9,581
9,186
10,397
+4.3%
Non-controlling interest
174
182
207
-4.6%
Debt
5,218
5,355
5,102
-2.6%
Operating lease liabilities
110
127
0.0
-13.7%
Finance lease liabilities
295
303
n/a
-2.9%
Other liabilities
4,412
4,146
4,413
+6.4%
Total liabilities and equity
19,790
19,298
20,119
+2.5%
Fixed assets
11,854
11,690
11,746
+1.4%
Goodwill
1,173
1,157
1,708
+1.4%
Securities held for sale or to maturity
723
n/a
n/a
Cash and equivalents
574
519
848
+10.6%
Receivables
881
804
838
+9.6%
Inventory
1,739
2,076
2,270
-16.2%
Other assets
2,845
3,052
2,709
-6.8%
Total assets
19,790
19,298
20,119
+2.5%
10-K for the year ended 31 December 2020, filed 22 February 2021: the filing.