Mosaic (MOS) FY2023 results: revenue $13.7 billion, down 28.4% on the year
Mosaic Co. (MOS) reported revenue of $13.7 billion for fiscal 2023, the year ended 31 December 2023, down 28.4% on the year before. Net income was $1.2 billion, down 67.5%, and diluted earnings per share $3.50. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$13.7 billion
-28.4% on the year
FY2016FY2023
Operating margin
9.8%
25.0% a year earlier
FY2016FY2023
Net income
$1.2 billion
-67.5% on the year
FY2016FY2023
Diluted EPS
$3.50
-65.2% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,407
3,936
2,187
-38.8%
Capital expenditure
1,402
1,247
1,289
+12.4%
Free cash flow
1,005
2,688
898
-62.6%
Free cash flow margin
7.3%
14.1%
7.3%
Cash from investing
-1,317
-1,260
-1,322
Cash from financing
-1,480
-2,679
-682
Depreciation and amortisation
961
934
813
+2.9%
Share-based compensation
33.0
27.9
29.5
+18.3%
Buybacks
756
1,665
411
-54.6%
Dividends paid
352
198
104
+77.8%
Dividend per share
$0.85
$0.60
$0.30
+41.7%
Diluted shares, weighted
333m
356m
382m
-6.4%
Shares outstanding at period end
324m
339m
379m
-4.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
12,290
12,055
10,604
+2.0%
Non-controlling interest
143
140
144
+2.1%
Debt
4,161
4,373
5,025
-4.8%
Operating lease liabilities
168
135
64.3
+24.3%
Finance lease liabilities
67.3
123
172
-45.2%
Other liabilities
6,203
6,560
6,026
-5.4%
Total liabilities and equity
23,033
23,386
22,036
-1.5%
Fixed assets
13,585
12,679
12,475
+7.2%
Goodwill
1,139
1,116
1,172
+2.0%
Securities held for sale or to maturity
684
650
715
+5.2%
Cash and equivalents
349
735
770
-52.6%
Receivables
1,269
1,700
1,532
-25.3%
Inventory
2,523
3,543
2,741
-28.8%
Other assets
3,484
2,962
2,631
+17.6%
Total assets
23,033
23,386
22,036
-1.5%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.