Name: Mosaic Co. (NYSE:MOS) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

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.

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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).

Total liabilities and equity expanded from $18.63 billion in 2017 to $22.04 billion by the end of 2021. While total equity grew by approximately 11.5% over the five-year period, total liabilities increased more significantly by roughly 25.5%, indicating a shift in the company's capital structure toward higher leverage.

Current Liabilities and Short-Term Liquidity: Current liabilities experienced a substantial increase, rising from $2.03 billion in 2017 to $4.79 billion in 2021. This growth was primarily driven by a sharp increase in accounts payable, which rose from $540.9 million to $1.26 billion. Notably, short-term debt saw a dramatic spike in 2021, reaching $302.8 million compared to only $100 thousand in 2020. Similarly, current maturities of long-term debt increased to $596.6 million by 2021, suggesting a significant concentration of debt obligations coming due in the short term.
Noncurrent Liabilities and Long-Term Debt: Noncurrent liabilities trended downward, decreasing from $6.96 billion in 2017 to $6.50 billion in 2021. This decline is largely attributed to the reduction of long-term debt, which fell from $4.88 billion to $3.38 billion over the period. In contrast, long-term asset retirement obligations showed a steady and consistent upward trajectory, increasing from $761.2 million in 2017 to $1.53 billion in 2021, reflecting growing long-term environmental or decommissioning commitments.
Stockholders' Equity and Retained Earnings: Total equity grew from $9.64 billion in 2017 to $10.75 billion in 2021, despite a dip in 2019. This growth was supported by a steady increase in retained earnings, which rose from $10.63 billion to $12.01 billion, indicating sustained profitability. However, this was partially offset by a widening accumulated other comprehensive loss, which deepened from -$1.06 billion in 2017 to -$1.89 billion in 2021.
Capital Structure and Leverage Profile: The company's financial profile shifted from a dominance of long-term debt toward a higher proportion of current liabilities by 2021. The simultaneous reduction in long-term debt and the surge in short-term debt and current maturities indicate a strategic shift or a refinancing cycle that has shortened the average maturity of the company's total debt obligations.

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