MOSAIC CO
For the period ended Mar 31, 2024. Filed May 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
MOS$22.99+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Three months ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| Cash Flows from Operating Activities: | ||
| Net earnings including noncontrolling interests | $56.5 | $459.0 |
| Adjustments to reconcile net earnings including noncontrolling interests to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 241.1 | 220.0 |
| Deferred and other income taxes | (75.3) | (1.2) |
| Equity in net (earnings) of nonconsolidated companies, net of dividends | (22.5) | (6.3) |
| Accretion expense for asset retirement obligations | 27.2 | 22.8 |
| Share-based compensation expense | 9.3 | 12.4 |
| Unrealized loss on derivatives | 32.6 | 5.9 |
| Foreign currency adjustments | 94.9 | (51.3) |
| Gain on sale of business | — | (56.5) |
| Other | 19.7 | 31.5 |
| Changes in assets and liabilities: | ||
| Receivables, net | 30.8 | 310.7 |
| Inventories | (114.9) | 241.2 |
| Other current and noncurrent assets | 55.0 | (194.3) |
| Accounts payable and accrued liabilities | (477.7) | (841.6) |
| Other noncurrent liabilities | 43.3 | (3.3) |
| Net cash (used in) provided by operating activities | (80.0) | 149.0 |
| Cash Flows from Investing Activities: | ||
| Capital expenditures | (383.0) | (321.5) |
| Purchases of available-for-sale securities - restricted | (624.7) | (604.6) |
| Proceeds from sale of available-for-sale securities - restricted | 619.8 | 591.2 |
| Proceeds from sale of business | — | 158.4 |
| Acquisition of business | — | (41.0) |
| Other | 0.1 | (3.9) |
| Net cash used in investing activities | (387.8) | (221.4) |
| Cash Flows from Financing Activities: | ||
| Payments of short-term debt | (4,596.2) | (3,127.9) |
| Proceeds from issuance of short-term debt | 4,900.4 | 3,356.5 |
| Payments of inventory financing arrangement | (200.3) | — |
| Proceeds from inventory financing arrangement | 701.2 | 400.8 |
| Payments of structured accounts payable arrangements | (226.1) | (381.2) |
| Proceeds from structured accounts payable arrangements | 90.9 | 169.8 |
| Collections of transferred receivables | 101.6 | 608.2 |
| Payments of transferred receivables | (100.6) | (607.0) |
| Payments of long-term debt | (15.4) | (15.0) |
| Repurchases of stock | (108.4) | (456.0) |
| Cash dividends paid | (69.7) | (152.4) |
| Dividends paid to non-controlling interest | (8.2) | — |
| Other | (11.3) | (4.8) |
| Net cash provided by (used in) financing activities | 457.9 | (209.0) |
| Effect of exchange rate changes on cash | (3.8) | 4.3 |
| Net change in cash, cash equivalents and restricted cash | (13.7) | (277.1) |
| Cash, cash equivalents and restricted cash - December 31 | 360.8 | 754.1 |
| Cash, cash equivalents and restricted cash - March 31 | $347.1 | $477.0 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| Three months ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| Reconciliation of cash, cash equivalents and restricted cash reported within the unaudited condensed consolidated balance sheets to the unaudited condensed consolidated statements of cash flows: | ||
| Cash and cash equivalents | $336.7 | $464.8 |
| Restricted cash in other current assets | 2.4 | 9.8 |
| Restricted cash in other assets | 8.0 | 2.4 |
| Total cash, cash equivalents and restricted cash shown in the unaudited condensed consolidated statement of cash flows | $347.1 | $477.0 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid during the period for: | ||
| Interest (net of amount capitalized of $10.6 and $7.5 for the three months ended March 31, 2024 and 2023, respectively) | $17.1 | $7.9 |
| Income taxes (net of refunds) | 98.6 | 225.7 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.