Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Mosaic Co., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net sales	12,357,400)	8,681,700)	8,906,300)	9,587,300)	7,409,400)
Cost of goods sold	(9,157,100)	(7,616,800)	(8,009,000)	(8,088,900)	(6,566,600)
Gross margin	3,200,300)	1,064,900)	897,300)	1,498,400)	842,800)
Selling, general and administrative expenses	(430,500)	(371,500)	(354,100)	(341,100)	(301,300)
Impairment, restructuring and other expenses	(158,100)	—)	(1,462,100)	—)	—)
Other operating expenses	(143,200)	(280,500)	(176,000)	(229,000)	(75,800)
Operating earnings (loss)	2,468,500)	412,900)	(1,094,900)	928,300)	465,700)
Interest income	25,200)	33,500)	33,100)	49,700)	33,200)
Interest expense	(194,300)	(214,100)	(216,000)	(215,800)	(171,300)
Interest expense, net	(169,100)	(180,600)	(182,900)	(166,100)	(138,100)
Foreign currency transaction gain (loss)	(78,500)	(64,300)	20,200)	(191,900)	49,900)
Other income (expense)	3,900)	12,900)	1,500)	(18,800)	(3,500)
Earnings (loss) from consolidated companies before income taxes	2,224,800)	180,900)	(1,256,100)	551,500)	374,000)
Provision for (benefit from) income taxes	(597,700)	578,500)	224,700)	(77,100)	(494,900)
Earnings (loss) from consolidated companies	1,627,100)	759,400)	(1,031,400)	474,400)	(120,900)
Equity in net earnings (loss) of nonconsolidated companies	7,800)	(93,800)	(59,400)	(4,500)	16,700)
Net earnings (loss) including noncontrolling interests	1,634,900)	665,600)	(1,090,800)	469,900)	(104,200)
Net (earnings) loss attributable to noncontrolling interests	(4,300)	500)	23,400)	100)	(3,000)
Net earnings (loss) attributable to Mosaic	1,630,600)	666,100)	(1,067,400)	470,000)	(107,200)

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).

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Mosaic Co. net sales decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Operating earnings (loss)	The net result for the period of deducting operating expenses from operating revenues.	Mosaic Co. operating earnings (loss) increased from 2019 to 2020 and from 2020 to 2021.
Earnings (loss) from consolidated companies before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Mosaic Co. earnings (loss) from consolidated companies before income taxes increased from 2019 to 2020 and from 2020 to 2021.
Net earnings (loss) attributable to Mosaic	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Mosaic Co. net earnings (loss) attributable to Mosaic increased from 2019 to 2020 and from 2020 to 2021.

Mosaic Co. (NYSE:MOS)

Income Statement