Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Mosaic Co., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Cash and cash equivalents	769,500)	574,000)	519,100)	847,700)	2,153,500)
Receivables, net	1,531,900)	881,100)	803,900)	838,500)	642,600)
Inventories	2,741,400)	1,739,200)	2,076,400)	2,270,200)	1,547,200)
Income and other taxes receivable	126,100)	181,400)	179,500)	149,200)	141,300)
Prepaid expenses	107,300)	80,400)	110,700)	86,800)	69,000)
Other	49,100)	65,100)	28,600)	44,600)	62,900)
Other current assets	282,500)	326,900)	318,800)	280,600)	273,200)
Current assets	5,325,300)	3,521,200)	3,718,200)	4,237,000)	4,616,500)
Property, plant and equipment, net	12,475,300)	11,854,300)	11,690,000)	11,746,500)	9,711,700)
Investments in nonconsolidated companies	691,800)	673,100)	763,600)	826,600)	1,089,500)
Goodwill	1,172,200)	1,173,000)	1,156,900)	1,707,500)	1,693,600)
Deferred income taxes	997,100)	1,179,400)	515,400)	343,800)	254,600)
Restricted cash	8,500)	12,300)	5,400)	15,800)	32,600)
MRO inventory	144,700)	137,700)	126,800)	134,600)	114,800)
Marketable securities held in trust, restricted	731,500)	734,300)	691,700)	632,300)	628,000)
Operating lease right-of-use assets	120,200)	173,100)	192,100)	—)	—)
Indemnification asset	21,000)	23,000)	40,600)	30,700)	—)
Long-term receivable	41,500)	52,600)	81,600)	91,700)	—)
Other	307,300)	255,800)	316,200)	352,700)	492,100)
Other assets	1,374,700)	1,388,800)	1,454,400)	1,257,800)	1,267,500)
Noncurrent assets	16,711,100)	16,268,600)	15,580,300)	15,882,200)	14,016,900)
Total assets	22,036,400)	19,789,800)	19,298,500)	20,119,200)	18,633,400)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Mosaic Co. current assets decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Mosaic Co. property, plant and equipment, net increased from 2019 to 2020 and from 2020 to 2021.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Mosaic Co. noncurrent assets increased from 2019 to 2020 and from 2020 to 2021.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Mosaic Co. total assets increased from 2019 to 2020 and from 2020 to 2021.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Mosaic Co. cash and cash equivalents increased from 2019 to 2020 and from 2020 to 2021.
Receivables, net	The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.	Mosaic Co. receivables, net increased from 2019 to 2020 and from 2020 to 2021.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Mosaic Co. inventories decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Mosaic Co. (NYSE:MOS)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items