Stock Analysis on Net
Stock Analysis on Net

Mosaic Co. (NYSE:MOS)

This company has been moved to the archive! The financial data has not been updated since August 2, 2022.

Analysis of Investments

Microsoft Excel

Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

Mosaic Co., adjustment to net earnings (loss) attributable to Mosaic

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net earnings (loss) attributable to Mosaic (as reported) 1,630,600 666,100 (1,067,400) 470,000 (107,200)
Add: Net gain (loss) on marketable securities held in trust fund (17,600) 12,800 10,900 4,600 1,700
Net earnings (loss) attributable to Mosaic (adjusted) 1,613,000 678,900 (1,056,500) 474,600 (105,500)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

Mosaic Co., adjusted profitability ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net Profit Margin
Reported net profit margin 13.20% 7.67% -11.98% 4.90% -1.45%
Adjusted net profit margin 13.05% 7.82% -11.86% 4.95% -1.42%
Return on Equity (ROE)
Reported ROE 15.38% 6.95% -11.62% 4.52% -1.11%
Adjusted ROE 15.21% 7.09% -11.50% 4.56% -1.10%
Return on Assets (ROA)
Reported ROA 7.40% 3.37% -5.53% 2.34% -0.58%
Adjusted ROA 7.32% 3.43% -5.47% 2.36% -0.57%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Mosaic Co. adjusted net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Mosaic Co. adjusted ROE improved from 2019 to 2020 and from 2020 to 2021.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Mosaic Co. adjusted ROA improved from 2019 to 2020 and from 2020 to 2021.

Mosaic Co., Profitability Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net earnings (loss) attributable to Mosaic 1,630,600 666,100 (1,067,400) 470,000 (107,200)
Net sales 12,357,400 8,681,700 8,906,300 9,587,300 7,409,400
Profitability Ratio
Net profit margin1 13.20% 7.67% -11.98% 4.90% -1.45%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net earnings (loss) attributable to Mosaic 1,613,000 678,900 (1,056,500) 474,600 (105,500)
Net sales 12,357,400 8,681,700 8,906,300 9,587,300 7,409,400
Profitability Ratio
Adjusted net profit margin2 13.05% 7.82% -11.86% 4.95% -1.42%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

1 Net profit margin = 100 × Net earnings (loss) attributable to Mosaic ÷ Net sales
= 100 × 1,630,600 ÷ 12,357,400 = 13.20%

2 Adjusted net profit margin = 100 × Adjusted net earnings (loss) attributable to Mosaic ÷ Net sales
= 100 × 1,613,000 ÷ 12,357,400 = 13.05%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Mosaic Co. adjusted net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net earnings (loss) attributable to Mosaic 1,630,600 666,100 (1,067,400) 470,000 (107,200)
Total Mosaic stockholders’ equity 10,604,100 9,581,400 9,185,500 10,397,300 9,617,500
Profitability Ratio
ROE1 15.38% 6.95% -11.62% 4.52% -1.11%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net earnings (loss) attributable to Mosaic 1,613,000 678,900 (1,056,500) 474,600 (105,500)
Total Mosaic stockholders’ equity 10,604,100 9,581,400 9,185,500 10,397,300 9,617,500
Profitability Ratio
Adjusted ROE2 15.21% 7.09% -11.50% 4.56% -1.10%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

1 ROE = 100 × Net earnings (loss) attributable to Mosaic ÷ Total Mosaic stockholders’ equity
= 100 × 1,630,600 ÷ 10,604,100 = 15.38%

2 Adjusted ROE = 100 × Adjusted net earnings (loss) attributable to Mosaic ÷ Total Mosaic stockholders’ equity
= 100 × 1,613,000 ÷ 10,604,100 = 15.21%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Mosaic Co. adjusted ROE improved from 2019 to 2020 and from 2020 to 2021.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net earnings (loss) attributable to Mosaic 1,630,600 666,100 (1,067,400) 470,000 (107,200)
Total assets 22,036,400 19,789,800 19,298,500 20,119,200 18,633,400
Profitability Ratio
ROA1 7.40% 3.37% -5.53% 2.34% -0.58%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net earnings (loss) attributable to Mosaic 1,613,000 678,900 (1,056,500) 474,600 (105,500)
Total assets 22,036,400 19,789,800 19,298,500 20,119,200 18,633,400
Profitability Ratio
Adjusted ROA2 7.32% 3.43% -5.47% 2.36% -0.57%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

1 ROA = 100 × Net earnings (loss) attributable to Mosaic ÷ Total assets
= 100 × 1,630,600 ÷ 22,036,400 = 7.40%

2 Adjusted ROA = 100 × Adjusted net earnings (loss) attributable to Mosaic ÷ Total assets
= 100 × 1,613,000 ÷ 22,036,400 = 7.32%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Mosaic Co. adjusted ROA improved from 2019 to 2020 and from 2020 to 2021.