Stock Analysis on Net
Stock Analysis on Net

Mosaic Co. (NYSE:MOS)

$22.49

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Mosaic Co., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Short-term debt
Current maturities of long-term debt
Structured accounts payable arrangements
Accounts payable
Accrued dividends
Payroll and employee benefits
Asset retirement obligations
Customer prepayments
Accrued income and other taxes
Short-term operating lease obligation
Servicing liability
Other
Accrued liabilities
Current liabilities
Long-term debt, less current maturities
Deferred income taxes
Asset retirement obligations
Long-term operating lease obligation
Accrued pension and postretirement benefits
Unrecognized tax benefits
Other
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Preferred stock, $0.01 par value, none issued and outstanding
Common stock, $0.01 par value
Capital in excess of par value
Retained earnings
Accumulated other comprehensive loss
Total Mosaic stockholders’ equity
Non-controlling interests
Total equity
Total liabilities and equity

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).

Short-term debt
The short-term debt as a percentage of total liabilities and equity remained very low from 2017 to 2020, fluctuating between 0.00% and 0.22%, but then increased sharply to 1.37% in 2021, indicating a rise in short-term borrowing or obligations within that year.
Current maturities of long-term debt
The proportion of current maturities of long-term debt was relatively stable at low levels in the early years, with figures below 1%, except a spike at 2.55% in 2020, followed by a slight increase to 2.71% in 2021, signaling rising repayment obligations in the near term for long-term debt.
Structured accounts payable arrangements
This liability showed a generally increasing trend from 2.07% in 2017 to 3.84% in 2019, followed by a small dip in 2020 and a minor increase in 2021, reflecting a moderate buildup of structured payables relative to the firm's capital structure.
Accounts payable
Accounts payable increased steadily over the period, becoming a more significant component of liabilities and equity, rising from 2.9% in 2017 to 5.72% in 2021, suggesting an increased reliance on trade credit or delayed payments to suppliers.
Accrued dividends
The accrued dividends component remained low but doubled from 0.1% to 0.2% in 2021, indicating a slight increase in declared but unpaid dividends relative to total capital.
Payroll and employee benefits
There was a gradual increase in payroll and employee benefits obligations, growing from 0.86% in 2017 to 1.07% in 2021, showing a modest rise in accrued employee-related liabilities.
Asset retirement obligations (current portion)
The current portion of asset retirement obligations displayed a gradual increase from 0.53% in 2017 to 1.01% in 2021, suggesting higher near-term liabilities for asset decommissioning or site restoration.
Customer prepayments
Customer prepayments steadily increased from 0.75% in 2017 to 1.99% in 2021, reflecting a growing advance receipt of funds from customers in relation to the company’s total capital.
Accrued income and other taxes
This category expanded notably from a negligible 0.01% in 2017 to 0.84% in 2021, indicating increased tax liabilities accrued but not yet paid.
Short-term operating lease obligation
The short-term operating lease obligation first appeared in 2019 at 0.35%, but then declined slightly in 2020 and 2021 to 0.27%, showing a small but diminishing portion of lease liabilities in the short term.
Servicing liability
Only recognized in 2021 at 0.37%, this indicates a new or previously unreported category of liability related to servicing obligations.
Other current liabilities and accrued liabilities
Accrued liabilities increased notably from 4.05% in 2017 to 8.55% in 2021, indicating higher obligations accrued such as expenses payable. Other current liabilities showed a mild increase to 2.81% in 2021.
Current liabilities (total)
The total current liabilities increased significantly from 10.9% in 2017 to 21.72% in 2021, indicating a growing proportion of liabilities due within one year relative to total capital.
Long-term debt, less current maturities
Long-term debt exhibited a declining trend, dropping from 26.18% in 2017 to 15.35% in 2021, suggesting a reduction in longer-term borrowing relative to total capital over the period.
Deferred income taxes
Deferred income taxes decreased modestly from 6% in 2017 to 4.61% in 2021, indicating a reduction in timing differences or deferred tax liabilities.
Asset retirement obligations (noncurrent portion)
The noncurrent portion of asset retirement obligations steadily increased from 4.09% in 2017 to 6.93% in 2021, showing growing long-term liabilities related to asset retirement.
Long-term operating lease obligation
This liability was first reported in 2019 at 0.66%, decreasing to 0.29% in 2021, suggesting a decrease in operating lease obligations classified as long-term.
Accrued pension and postretirement benefits
These obligations increased from 0.29% in 2017 to a peak of 0.9% in 2019, followed by a decline to 0.52% in 2021, indicating some volatility but an overall low level of such liabilities.
Unrecognized tax benefits
Unrecognized tax benefits remained low but rose from 0.18% in 2017 to 0.71% in 2021, pointing to increased potential tax liabilities.
Other noncurrent liabilities
Other noncurrent liabilities grew from 5.19% in 2017 to 9.54% in 2021, signaling a rising share of long-term miscellaneous liabilities.
Total noncurrent liabilities
A declining trend is observed in total noncurrent liabilities from 37.37% in 2017 to 29.5% in 2021, largely driven by the reduction in long-term debt.
Total liabilities
Total liabilities as a percentage of total liabilities and equity fluctuated around 48-51% during the period, ending slightly higher at 51.22% in 2021, indicating a relatively stable overall leverage ratio.
Equity components
Common stock remained nominal and stable at 0.02%. Capital in excess of par value increased markedly in 2018 and 2019 but decreased again to 2.17% in 2021.
Retained earnings and accumulated other comprehensive loss
Retained earnings decreased from 57.05% in 2017 to 51.41% in 2019 but recovered to 54.52% in 2021, indicating fluctuations in earnings retention. Accumulated other comprehensive loss deepened to around -9% but slightly improved by 2021.
Total stockholders’ equity
Equity declined from 52.71% in 2018 to 48.78% in 2021, reflecting some deleveraging or increased liabilities relative to equity.
Summary of capital structure trends
Overall, the data reflects a gradual shift with increasing current liabilities, decreasing long-term debt, and slight declines in total equity proportion. The company appears to be managing its obligations with some reduction in long-term liabilities and increased short-term encumbrances, while maintaining a balanced total leverage near 50%.