Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Mosaic Co., consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net earnings (loss) including noncontrolling interests	1,634,900)	665,600)	(1,090,800)	469,900)	(104,200)
Depreciation, depletion and amortization	812,900)	847,600)	882,700)	883,900)	665,500)
Amortization of acquired inventory	—)	—)	(5,500)	(49,200)	—)
Deferred and other income taxes	98,800)	(684,000)	(261,300)	(101,800)	612,400)
Equity in net (earnings) loss of nonconsolidated companies, net of dividends	(2,100)	97,100)	64,600)	12,900)	34,400)
Accretion expense for asset retirement obligations	71,900)	68,000)	62,400)	48,000)	25,700)
Accretion expense for leases	13,400)	24,200)	18,600)	—)	—)
Share-based compensation expense	29,500)	17,800)	27,900)	27,500)	28,000)
Impairment of goodwill	—)	—)	588,600)	—)	—)
Unrealized (gain) loss on derivatives	7,200)	(26,600)	(59,200)	58,900)	8,300)
Foreign currency adjustments	(2,600)	14,100)	50,100)	141,700)	—)
Net proceeds from settlement of interest rate swaps	—)	34,700)	—)	—)	—)
Mine closure costs	158,100)	—)	871,000)	—)	—)
(Gain) loss on disposal of fixed assets	(5,300)	16,300)	18,700)	63,100)	(25,500)
Other	—)	(19,100)	(3,200)	20,100)	7,800)
Receivables, net	(683,600)	(153,600)	34,600)	5,900)	(91,200)
Inventories, net	(1,067,900)	191,400)	128,100)	(497,400)	(155,700)
Other current assets and noncurrent assets	(18,000)	66,100)	(36,000)	86,700)	(23,700)
Accounts payable and accrued liabilities	995,100)	333,300)	(175,200)	198,500)	(65,700)
Other noncurrent liabilities	144,700)	89,700)	(20,700)	41,100)	19,400)
Changes in assets and liabilities	(629,700)	526,900)	(69,200)	(165,200)	(316,900)
Adjustments to reconcile net earnings (loss) including noncontrolling interests to net cash provided by operating activities	552,100)	917,000)	2,186,200)	939,900)	1,039,700)
Net cash provided by operating activities	2,187,000)	1,582,600)	1,095,400)	1,409,800)	935,500)
Capital expenditures	(1,288,600)	(1,170,600)	(1,272,200)	(954,500)	(820,100)
Purchases of available-for-sale securities, restricted	(433,600)	(618,700)	(557,600)	(534,500)	(1,676,300)
Proceeds from sale of available-for-sale securities, restricted	410,100)	607,200)	533,200)	518,800)	1,658,100)
Proceeds from sale of assets	28,100)	—)	4,000)	12,600)	300,700)
Acquisition, net of cash acquired	(24,100)	—)	(55,100)	(985,300)	—)
Purchases of held-to-maturity securities	(3,200)	(6,100)	(15,400)	—)	—)
Proceeds from sale of held-to-maturity securities	800)	1,700)	2,300)	—)	—)
Other	(11,800)	(3,000)	(100)	(1,800)	(130,200)
Net cash used in investing activities	(1,322,300)	(1,189,500)	(1,360,900)	(1,944,700)	(667,800)
Payments of short-term debt	(726,600)	(1,542,500)	(554,200)	(144,400)	(601,400)
Proceeds from issuance of short-term debt	1,029,300)	1,521,100)	591,000)	155,100)	631,400)
Payments of structured accounts payable arrangements	(1,028,400)	(1,156,200)	(977,100)	(762,100)	(418,500)
Proceeds from structured accounts payable arrangements	1,122,700)	1,037,400)	1,124,200)	834,100)	666,800)
Collections of transferred receivables	445,000)	—)	—)	—)	—)
Payments of transferred receivables	(363,900)	—)	—)	—)	—)
Payments of long-term debt	(608,300)	(66,900)	(48,300)	(802,900)	(102,200)
Proceeds from issuance of long-term debt	—)	4,700)	—)	39,300)	1,251,400)
Payment of financing costs	—)	—)	—)	—)	(15,400)
Repurchases of stock	(410,900)	—)	(149,900)	—)	—)
Cash dividends paid	(103,700)	(75,800)	(67,200)	(38,500)	(210,600)
Dividends paid to non-controlling interest	(31,300)	(600)	(700)	(600)	(700)
Other	(6,000)	(5,000)	—)	(4,800)	—)
Net cash provided by (used in) financing activities	(682,100)	(283,800)	(82,200)	(724,800)	1,200,800)
Effect of exchange rate changes on cash	9,300)	(47,200)	9,000)	(63,700)	14,500)
Net change in cash, cash equivalents and restricted cash	191,900)	62,100)	(338,700)	(1,323,400)	1,483,000)
Cash, cash equivalents and restricted cash, beginning of year	594,400)	532,300)	871,000)	2,194,400)	711,400)
Cash, cash equivalents and restricted cash, end of year	786,300)	594,400)	532,300)	871,000)	2,194,400)

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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Mosaic Co. net cash provided by operating activities increased from 2019 to 2020 and from 2020 to 2021.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Mosaic Co. net cash used in investing activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Mosaic Co. net cash provided by (used in) financing activities decreased from 2019 to 2020 and from 2020 to 2021.

Mosaic Co. (NYSE:MOS)

Cash Flow Statement