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.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

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

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Short-term debt 1.37 0.00 0.22 0.06 0.03
Current maturities of long-term debt 2.71 2.55 0.24 0.13 1.84
Structured accounts payable arrangements 3.37 3.23 3.84 2.85 2.07
Accounts payable 5.72 3.89 3.53 3.88 2.90
Accrued dividends 0.20 0.10 0.10 0.06 0.06
Payroll and employee benefits 1.07 0.99 0.90 1.08 0.86
Asset retirement obligations 1.01 0.96 0.80 0.68 0.53
Customer prepayments 1.99 1.45 1.38 0.99 0.75
Accrued income and other taxes 0.84 0.42 0.35 0.33 0.01
Short-term operating lease obligation 0.27 0.32 0.35 0.00 0.00
Servicing liability 0.37 0.00 0.00 0.00 0.00
Other 2.81 1.98 1.72 2.29 1.84
Accrued liabilities 8.55% 6.23% 5.61% 5.43% 4.05%
Current liabilities 21.72% 15.90% 13.43% 12.34% 10.90%
Long-term debt, less current maturities 15.35 20.59 23.45 22.32 26.18
Deferred income taxes 4.61 5.36 5.39 5.37 6.00
Asset retirement obligations 6.93 6.08 6.01 5.09 4.09
Long-term operating lease obligation 0.29 0.55 0.66 0.00 0.00
Accrued pension and postretirement benefits 0.52 0.80 0.90 0.73 0.29
Unrecognized tax benefits 0.71 0.23 0.22 0.16 0.18
Other 1.09 1.19 1.40 1.27 0.64
Other noncurrent liabilities 9.54% 8.86% 9.19% 7.25% 5.19%
Noncurrent liabilities 29.50% 34.81% 38.03% 34.95% 37.37%
Total liabilities 51.22% 50.71% 51.46% 47.29% 48.27%
Preferred stock, $0.01 par value, none issued and outstanding 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.02 0.02 0.02 0.02 0.02
Capital in excess of par value 2.17 4.41 4.45 4.90 0.24
Retained earnings 54.52 53.11 51.41 55.00 57.05
Accumulated other comprehensive loss -8.58 -9.13 -8.28 -8.24 -5.70
Total Mosaic stockholders’ equity 48.12% 48.42% 47.60% 51.68% 51.61%
Non-controlling interests 0.66 0.88 0.94 1.03 0.12
Total equity 48.78% 49.29% 48.54% 52.71% 51.73%
Total liabilities and equity 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).

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%.