Mosaic Co. (NYSE:MOS)

The analysis of the financial data reveals significant fluctuations in various financial metrics over the five-year period ending in 2021.

Net Earnings (Loss) including Noncontrolling Interest

This metric exhibits considerable volatility. Starting with a loss of $104.2 million in 2017, it improved sharply to a gain of $469.9 million in 2018. However, 2019 saw a steep decline with a loss of $1,090.8 million. The trend reversed again in 2020 with a gain of $665.6 million and further increased in 2021 to $1,634.9 million, marking the highest value in the observed period.

Foreign Currency Translation Gain (Loss)

Foreign currency translation effects show high volatility, with a gain of $240.5 million in 2017 followed by a substantial loss of $596.9 million in 2018. The figure moved back to a gain of $69.4 million in 2019 but reverted to losses in 2020 and 2021, at $249.5 million and $108.2 million respectively. Overall, these fluctuations imply significant currency exposure challenges during the period.

Net Actuarial Gain (Loss) and Prior Service Cost

This component remains relatively minor compared to other items, fluctuating between gains and losses without a clear directional trend. It showed small losses in 2018 and 2019 but shifted to gains of $19.9 million and $36.9 million in 2020 and 2021 respectively.

Realized Gain (Loss) on Interest Rate Swap

This item is relatively stable, with gains consistently around the $1.5 million to $2.2 million range across all years, indicating limited impact on overall financial performance.

Net Gain (Loss) on Marketable Securities Held in Trust Fund

This metric demonstrates some variation, increasing from $1.7 million in 2017 to a peak of $12.8 million in 2020, followed by a significant loss of $17.6 million in 2021. This indicates changing market conditions affecting securities held in the trust fund, culminating in a negative impact in the most recent year.

Other Comprehensive Income (Loss), Net of Tax

This category mirrors the volatility seen in foreign currency translation, with a peak gain of $250.2 million in 2017 followed by a substantial loss of $600.7 million in 2018. It then returned to positive territory in 2019 before incurring losses again in 2020 and 2021. The fluctuations suggest sensitivity to external market and currency factors.

Comprehensive Income (Loss)

Comprehensive income reflects the combined effect of net earnings and other comprehensive items, showing a loss of $130.8 million in 2018 and a large loss of over $1 billion in 2019. Improvements are noted in 2020 and 2021 with gains of $450.4 million and $1.55 billion, respectively. This suggests recovery and positive overall performance in the later years.

Comprehensive Income (Loss) Attributable to Noncontrolling Interest

This figure has relatively minor values compared to overall comprehensive income, with small positive or negative amounts fluctuating year to year. It peaked at $24.6 million in 2019 and showed a slight negative value in 2017 and 2021.

Comprehensive Income (Loss) Attributable to Mosaic

The comprehensive income attributable to the company follows a pattern consistent with total comprehensive income, indicating the bulk of comprehensive results are attributable to the parent entity. Losses in 2018 and 2019 were followed by strong gains in 2020 and 2021, reaching $1.55 billion, reflecting significant improvement in the company’s overall financial position.

In summary, the data indicate highly volatile earnings and comprehensive income over the five years, with notable recovery and strong gains in the final two years. Currency translation and marketable securities present considerable variability, contributing to fluctuations in other comprehensive income. The company’s performance appears to have stabilized with positive momentum by the end of the period.