Name: Mosaic Co. (NYSE:MOS) | Balance Sheet: Assets
Creator: Stock Analysis on Net

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.

Assets: Selected Items

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Current Assets: Selected Items

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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).

Total assets exhibited a general upward trajectory over the five-year period, increasing from 18.63 billion US dollars in 2017 to 22.04 billion US dollars by 2021. While there was a slight contraction in total asset value in 2019, the overall trend reflects an expansion of the balance sheet, driven primarily by growth in both current and noncurrent asset categories.

Current Asset Volatility: Current assets experienced a period of decline between 2017 and 2020, falling from 4.62 billion US dollars to 3.52 billion US dollars. However, a substantial reversal occurred in 2021, with current assets surging to 5.33 billion US dollars. This late-period spike is largely attributable to significant increases in receivables, which grew from 881.1 million US dollars in 2020 to 1.53 billion US dollars in 2021, and inventories, which rose from 1.74 billion US dollars in 2020 to 2.74 billion US dollars in 2021.
Liquidity and Cash Management: A marked reduction in liquidity is observed in the early part of the period. Cash and cash equivalents dropped sharply from 2.15 billion US dollars in 2017 to a low of 519.1 million US dollars in 2019. Although a gradual recovery began in 2020, the cash balance remained significantly below 2017 levels, ending at 769.5 million US dollars in 2021.
Long-term Capital Investment: Property, plant, and equipment (net) showed consistent growth, rising from 9.71 billion US dollars in 2017 to 12.48 billion US dollars in 2021. This steady increase indicates a sustained commitment to capital expenditures and the expansion of physical infrastructure over the five-year horizon.
Intangible and Deferred Assets: Goodwill remained stable at approximately 1.7 billion US dollars through 2018 before undergoing a reduction to 1.16 billion US dollars in 2019, after which it remained flat. Conversely, deferred income taxes showed a significant upward trend, increasing from 254.6 million US dollars in 2017 to a peak of 1.18 billion US dollars in 2020, before settling at 997.1 million US dollars in 2021.
Other Noncurrent Asset Trends: Investments in nonconsolidated companies followed a general downward trend, decreasing from 1.09 billion US dollars in 2017 to 691.8 million US dollars in 2021. Other assets and restricted cash remained relatively low and stable in comparison to the primary drivers of the balance sheet.

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