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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.

Common-Size Balance Sheet: Assets

Mosaic Co., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents 3.49 2.90 2.69 4.21 11.56
Receivables, net 6.95 4.45 4.17 4.17 3.45
Inventories 12.44 8.79 10.76 11.28 8.30
Income and other taxes receivable 0.57 0.92 0.93 0.74 0.76
Prepaid expenses 0.49 0.41 0.57 0.43 0.37
Other 0.22 0.33 0.15 0.22 0.34
Other current assets 1.28% 1.65% 1.65% 1.39% 1.47%
Current assets 24.17% 17.79% 19.27% 21.06% 24.78%
Property, plant and equipment, net 56.61 59.90 60.57 58.38 52.12
Investments in nonconsolidated companies 3.14 3.40 3.96 4.11 5.85
Goodwill 5.32 5.93 5.99 8.49 9.09
Deferred income taxes 4.52 5.96 2.67 1.71 1.37
Restricted cash 0.04 0.06 0.03 0.08 0.17
MRO inventory 0.66 0.70 0.66 0.67 0.62
Marketable securities held in trust, restricted 3.32 3.71 3.58 3.14 3.37
Operating lease right-of-use assets 0.55 0.87 1.00 0.00 0.00
Indemnification asset 0.10 0.12 0.21 0.15 0.00
Long-term receivable 0.19 0.27 0.42 0.46 0.00
Other 1.39 1.29 1.64 1.75 2.64
Other assets 6.24% 7.02% 7.54% 6.25% 6.80%
Noncurrent assets 75.83% 82.21% 80.73% 78.94% 75.22%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

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).

The asset structure is characterized by a heavy concentration in noncurrent assets, which peaked at 82.21% of total assets in 2020 before retreating to 75.83% in 2021. Conversely, current assets experienced a period of contraction from 24.78% in 2017 to a low of 17.79% in 2020, followed by a sharp recovery to 24.17% in 2021. This volatility suggests significant shifts in working capital management and capital allocation over the five-year period.

Liquidity and Working Capital
A marked reduction in cash and cash equivalents is observed, falling from 11.56% of total assets in 2017 to 3.49% by 2021. This decline in immediate liquidity is offset by a steady increase in net receivables, which grew from 3.45% to 6.95% over the same period. Inventories exhibit cyclical behavior, peaking at 12.44% in 2021 after reaching a period low of 8.79% in 2020, indicating a buildup of stock relative to the total asset base in the final year of analysis.
Fixed and Long-term Assets
Property, plant, and equipment, net, constitutes the largest component of the balance sheet, maintaining a dominant position between 52.12% and 60.57%. The relative weight of these assets increased through 2019 before slightly declining to 56.61% in 2021. Investments in nonconsolidated companies showed a consistent downward trend, decreasing from 5.85% in 2017 to 3.14% in 2021, reflecting a reduced proportional exposure to these entities.
Intangibles and Deferred Items
Goodwill has seen a continuous decline as a percentage of total assets, moving from 9.09% in 2017 to 5.32% in 2021. In contrast, deferred income taxes experienced significant growth, rising from 1.37% in 2017 to a peak of 5.96% in 2020, before moderating to 4.52% in 2021. Other noncurrent assets remained relatively stable, while restricted cash and restricted marketable securities held in trust stayed low and consistent, generally ranging between 3% and 4% combined.

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