Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Short-term debt	302,800)	100)	41,600)	11,500)	6,100)
Current maturities of long-term debt	596,600)	504,200)	47,200)	26,000)	343,500)
Structured accounts payable arrangements	743,700)	640,000)	740,600)	572,800)	386,200)
Accounts payable	1,260,700)	769,100)	680,400)	780,900)	540,900)
Accrued dividends	43,600)	20,400)	20,000)	11,800)	12,100)
Payroll and employee benefits	235,900)	195,500)	173,800)	217,500)	159,500)
Asset retirement obligations	222,400)	190,200)	154,400)	136,300)	98,100)
Customer prepayments	437,700)	287,600)	266,900)	199,800)	140,400)
Accrued income and other taxes	184,300)	83,100)	67,800)	65,500)	1,400)
Short-term operating lease obligation	59,700)	64,000)	67,100)	—)	—)
Servicing liability	81,100)	—)	—)	—)	—)
Other	618,900)	392,300)	331,900)	461,600)	342,900)
Accrued liabilities	1,883,600)	1,233,100)	1,081,900)	1,092,500)	754,400)
Current liabilities	4,787,400)	3,146,500)	2,591,700)	2,483,700)	2,031,100)
Long-term debt, less current maturities	3,382,200)	4,073,800)	4,525,500)	4,491,500)	4,878,100)
Deferred income taxes	1,016,200)	1,060,800)	1,040,700)	1,080,600)	1,117,300)
Asset retirement obligations	1,526,900)	1,203,700)	1,160,800)	1,023,800)	761,200)
Long-term operating lease obligation	64,300)	109,600)	127,000)	—)	—)
Accrued pension and postretirement benefits	114,400)	158,500)	173,600)	146,300)	53,700)
Unrecognized tax benefits	156,600)	46,400)	42,100)	33,000)	33,500)
Other	239,900)	235,300)	269,500)	255,600)	119,400)
Other noncurrent liabilities	2,102,100)	1,753,500)	1,773,000)	1,458,700)	967,800)
Noncurrent liabilities	6,500,500)	6,888,100)	7,339,200)	7,030,800)	6,963,200)
Total liabilities	11,287,900)	10,034,600)	9,930,900)	9,514,500)	8,994,300)
Preferred stock, $0.01 par value, none issued and outstanding	—)	—)	—)	—)	—)
Common stock, $0.01 par value	3,700)	3,800)	3,800)	3,800)	3,500)
Capital in excess of par value	478,000)	872,800)	858,400)	985,900)	44,500)
Retained earnings	12,014,200)	10,511,000)	9,921,500)	11,064,700)	10,631,100)
Accumulated other comprehensive loss	(1,891,800)	(1,806,200)	(1,598,200)	(1,657,100)	(1,061,600)
Total Mosaic stockholders’ equity	10,604,100)	9,581,400)	9,185,500)	10,397,300)	9,617,500)
Non-controlling interests	144,400)	173,800)	182,100)	207,400)	21,600)
Total equity	10,748,500)	9,755,200)	9,367,600)	10,604,700)	9,639,100)
Total liabilities and equity	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).

Short-term debt: Short-term debt had a moderate increase from 2017 to 2019, dramatically dropped in 2020, then surged extremely in 2021, reaching a peak significantly higher than prior years.
Current maturities of long-term debt: This liability fluctuated over the years, decreasing markedly in 2018, recovering modestly in 2019, followed by a sharp increase in 2020 and 2021, indicating rising short-term debt obligations.
Structured accounts payable arrangements: Structured accounts payable steadily increased from 2017 through 2019, declined in 2020, but rebounded in 2021 to the highest level within the observed period.
Accounts payable: Accounts payable generally trended upward, except for a dip in 2019. The figure reached its highest value in 2021, reflecting increased payable liabilities on the balance sheet.
Accrued dividends and payroll and employee benefits: Accrued dividends increased gradually with a considerable jump in 2021. Payroll and employee benefits showed growth overall, with some volatility between 2018 and 2019, and a recovery thereafter.
Asset retirement obligations: Short-term asset retirement obligations increased consistently each year, while noncurrent obligations also showed a rising trend, indicating growing long-term liabilities for asset retirement.
Customer prepayments and accrued income and other taxes: Customer prepayments steadily increased, with a notable acceleration in 2021. Accrued income and other taxes experienced substantial growth, especially from 2017 to 2018 and further significant increases through 2021.
Short-term operating lease obligation and servicing liability: Short-term operating lease obligations appeared from 2019 onwards, showing a slight decline after 2019, while a servicing liability was first reported in 2021.
Other current liabilities and accrued liabilities: Both categories displayed overall growth across the period, with accrued liabilities showing substantial and fairly consistent increases, particularly steep in 2021.
Current liabilities and long-term debt (less current maturities): Current liabilities rose steadily, with a marked surge in 2021. Conversely, long-term debt (excluding current maturities) declined continuously from 2017 to 2021, suggesting a reduction in longer-term debt obligations.
Deferred income taxes and other noncurrent liabilities: Deferred income taxes declined slightly over the years, while other noncurrent liabilities exhibited a strong upward trend, increasing significantly by 2021.
Long-term operating lease obligation: This liability was absent in the earlier years, introduced in 2019 with a peak that year, followed by a reduction in subsequent years.
Accrued pension and postretirement benefits and unrecognized tax benefits: Accrued pension benefits peaked in 2019, then gradually decreased. Unrecognized tax benefits increased notably in 2021 after relatively modest fluctuations in prior years.
Noncurrent liabilities and total liabilities: Noncurrent liabilities showed a declining trend from 2019 onwards, while total liabilities remained relatively stable until 2020 but rose substantially in 2021 to the highest level in the series.
Stockholders’ equity components: Common stock remained mostly stable at around $3,800, while capital in excess of par value peaked in 2018 and then fell significantly by 2021. Retained earnings fluctuated, declining in 2019 but recovering strongly by 2021. The accumulated other comprehensive loss increased steadily, indicating growing accumulated losses.
Total equity and total liabilities and equity: Total equity followed a similar pattern to stockholders' equity, showing a dip in 2019 followed by recovery and growth in 2021. The total of liabilities and equity increased overall, with a notable jump in 2021 that outpaced previous years' growth.

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Mosaic Co. (NYSE:MOS)

Balance Sheet: Liabilities and Stockholders’ Equity