MOSAIC CO

For the period ended Sep 30, 2024. Filed Nov 12, 2024.

About 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.

Sep 30, 2024 · Filed Nov 12, 2024

MOS$22.99+1.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

	Nine months ended
September 30, 2024	September 30, 2023
Cash Flows from Operating Activities:
Net earnings including noncontrolling interests	$36.3	$841.2
Adjustments to reconcile net earnings including noncontrolling interests to net cash provided by operating activities:
Depreciation, depletion and amortization	743.4	702.9
Deferred and other income taxes	36.2	(32.5)
Equity in net (earnings) of nonconsolidated companies, net of dividends	(49.2)	(35.1)
Accretion expense for asset retirement obligations	80.9	70.0
Share-based compensation expense	26.7	27.0
Unrealized loss (gain) on derivatives	22.6	11.5
Foreign currency adjustments	117.5	(36.2)
Gain on sale of business	—	(56.5)
Pension settlement loss	—	42.4
Other	75.4	82.0
Changes in assets and liabilities:
Receivables, net	195.4	332.6
Inventories	(517.3)	1,107.6
Other current and noncurrent assets	(179.7)	(347.3)
Accounts payable and accrued liabilities	257.8	(926.5)
Other noncurrent liabilities	233.9	86.0
Net cash provided by operating activities	1,079.9	1,869.1
Cash Flows from Investing Activities:
Capital expenditures	(957.7)	(1,043.5)
Purchases of available-for-sale securities - restricted	(1,162.0)	(1,039.7)
Proceeds from sale of available-for-sale securities - restricted	1,119.1	1,011.7
Proceeds from sale of business	—	158.4
Acquisition of business	—	(41.0)
Other	16.1	(0.9)
Net cash used in investing activities	(984.5)	(955.0)
Cash Flows from Financing Activities:
Payments of short-term debt	(12,421.3)	(6,761.9)
Proceeds from issuance of short-term debt	12,572.8	6,837.1
Payments of inventory financing arrangement	(1,405.1)	(601.4)
Proceeds from inventory financing arrangement	1,605.1	601.4
Payments of structured accounts payable arrangements	(522.3)	(1,010.6)
Proceeds from structured accounts payable arrangements	510.2	834.0
Collections of transferred receivables	330.1	1,468.6
Payments of transferred receivables	(328.6)	(1,468.6)
Payments of long-term debt	(55.2)	(44.8)
Repurchases of stock	(210.4)	(606.0)
Cash dividends paid	(204.2)	(286.5)
Dividends paid to non-controlling interest	(17.6)	(23.7)
Other	(22.1)	(7.4)
Net cash used in financing activities	(168.6)	(1,069.8)
Effect of exchange rate changes on cash	44.5	3.4
Net change in cash, cash equivalents and restricted cash	(28.7)	(152.3)
Cash, cash equivalents and restricted cash - December 31	360.8	754.1
Cash, cash equivalents and restricted cash - September 30	$332.1	$601.8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)

	Nine months ended
	September 30, 2024	September 30, 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	$301.6	$591.0
Restricted cash in other current assets	15.1	9.4
Restricted cash in other assets	15.4	1.4
Total cash, cash equivalents and restricted cash shown in the unaudited condensed consolidated statement of cash flows	$332.1	$601.8
Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for:
Interest (net of amount capitalized of $26.1 and $24.1 for the nine months ended September 30, 2024 and 2023, respectively)	$114.0	$92.9
Income taxes (net of refunds)	284.1	421.6

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.