Mosaic (MOS) FY2021 results: revenue $12.4 billion, up 42.3% on the year
Mosaic Co. (MOS) reported revenue of $12.4 billion for fiscal 2021, the year ended 31 December 2021, up 42.3% on the year before. Net income was $1.6 billion, up 144.8%, and diluted earnings per share $4.27. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$12.4 billion
+42.3% on the year
FY2014FY2021
Operating margin
20.0%
4.8% a year earlier
FY2014FY2021
Net income
$1.6 billion
+144.8% on the year
FY2014FY2021
Diluted EPS
$4.27
+144.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,187
1,583
1,095
+38.2%
Capital expenditure
1,289
1,171
1,272
+10.1%
Free cash flow
898
412
-177
+118.1%
Free cash flow margin
7.3%
4.7%
-2.0%
Cash from investing
-1,322
-1,190
-1,361
Cash from financing
-682
-284
-82.2
Depreciation and amortisation
813
848
883
-4.1%
Share-based compensation
29.5
17.8
27.9
+65.7%
Buybacks
411
0.0
150
Dividends paid
104
75.8
67.2
+36.8%
Dividend per share
$0.30
$0.20
$0.20
+50.0%
Diluted shares, weighted
382m
381m
384m
+0.1%
Shares outstanding at period end
379m
379m
379m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
10,604
9,581
9,186
+10.7%
Non-controlling interest
144
174
182
-16.9%
Debt
5,025
5,218
5,355
-3.7%
Operating lease liabilities
64.3
110
127
-41.3%
Finance lease liabilities
172
295
303
-41.7%
Other liabilities
6,026
4,412
4,146
+36.6%
Total liabilities and equity
22,036
19,790
19,298
+11.4%
Fixed assets
12,475
11,854
11,690
+5.2%
Goodwill
1,172
1,173
1,157
-0.1%
Securities held for sale or to maturity
715
723
n/a
-1.2%
Cash and equivalents
770
574
519
+34.1%
Receivables
1,532
881
804
+73.9%
Inventory
2,741
1,739
2,076
+57.6%
Other assets
2,631
2,845
3,052
-7.5%
Total assets
22,036
19,790
19,298
+11.4%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.