Mosaic Co. Files Q3 2024 10-Q
Ticker: MOS · Form: 10-Q · Filed: 2024-11-12T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, agriculture, chemicals, financials
TL;DR
Mosaic's Q3 2024 10-Q is in. Check financials.
AI Summary
Mosaic Co. filed its 10-Q for the period ending September 30, 2024. The company, a major player in agriculture chemicals, reported its financial performance for the third quarter of 2024. Key financial data and operational details are provided in this filing.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Mosaic Co., crucial for understanding the company's current standing and future prospects in the agriculture sector.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the agricultural sector can be subject to significant market and weather-related risks.
Key Numbers
- 317,645,280 — Shares (Total shares outstanding as of the reporting period.)
Key Players & Entities
- MOSAIC CO (company) — Filer
- 20240930 (date) — Period of Report
- 20241112 (date) — Filing Date
- 0001285785 (company) — Central Index Key
- TAMPA (location) — Business Address City
FAQ
What were Mosaic Co.'s total revenues for the nine months ended September 30, 2024?
The filing indicates that Mosaic Co.'s total revenues for the nine months ended September 30, 2024, are available within the detailed financial statements, though a specific aggregate figure is not directly presented in this header information.
What is Mosaic Co.'s fiscal year end?
Mosaic Co.'s fiscal year ends on December 31.
What was the filing date for this 10-Q report?
This 10-Q report was filed on November 12, 2024.
What is the SIC code for Mosaic Co.?
The Standard Industrial Classification (SIC) code for Mosaic Co. is 2870, which falls under AGRICULTURE CHEMICALS.
What was the previous company name for Mosaic Co.?
Mosaic Co. was formerly known as GLOBAL NUTRITION SOLUTIONS INC, with a date of name change on April 1, 2004.
Filing Stats: 4,681 words · 19 min read · ~16 pages · Grade level 7.2 · Accepted 2024-11-12 12:43:11
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share MOS New York Stock Exchange
- $1.4 million — .0 Share repurchases, including tax of $1.4 million ( 3.9 ) — ( 14.0 ) ( 137.5 ) — — ( 151
- $0.21 — 3.9 ) ( 46.6 ) — — ( 50.5 ) Dividends ($0.21 per share) — — — ( 67.4 ) — — ( 67.4 )
Filing Documents
- mos-20240930.htm (10-Q) — 1897KB
- exhibit311_20240930.htm (EX-31.1) — 16KB
- exhibit312_20240930.htm (EX-31.2) — 16KB
- exhibit321_20240930.htm (EX-32.1) — 4KB
- exhibit322_20240930.htm (EX-32.2) — 4KB
- exhibit95_20240930.htm (EX-95) — 56KB
- 0001618034-24-000019.txt ( ) — 8856KB
- mos-20240930.xsd (EX-101.SCH) — 44KB
- mos-20240930_cal.xml (EX-101.CAL) — 82KB
- mos-20240930_def.xml (EX-101.DEF) — 280KB
- mos-20240930_lab.xml (EX-101.LAB) — 592KB
- mos-20240930_pre.xml (EX-101.PRE) — 426KB
- mos-20240930_htm.xml (XML) — 1468KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements 1 Condensed Consolidated Statements of Earnings (Loss) 1 Condensed Consolidated Statements of Comprehensive Income (Loss) 2 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Cash Flows 4 Condensed Consolidated Statements of Equity 6 Notes to Condensed Consolidated Financial Statements 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 26
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 44
Controls and Procedures
Item 4. Controls and Procedures 46
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 47
Risk Factors
Item 1A. Risk Factors 49
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 49
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 50
Other Information
Item 5. Other Information 50
Exhibits
Item 6. Exhibits 51
Signatures
Signatures 52 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS THE MOSAIC COMPANY CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (In millions, except per share amounts) (Unaudited) Three months ended Nine months ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Net sales $ 2,810.9 $ 3,548.3 $ 8,306.9 $ 10,546.6 Cost of goods sold 2,394.1 3,138.7 7,096.9 8,895.5 Gross margin 416.8 409.6 1,210.0 1,651.1 Selling, general and administrative expenses 148.2 119.9 383.4 377.5 Other operating expense 153.2 143.9 305.0 214.0 Operating earnings 115.4 145.8 521.6 1,059.6 Interest expense, net ( 41.7 ) ( 17.4 ) ( 136.1 ) ( 94.5 ) Foreign currency transaction gain (loss) 100.9 ( 96.9 ) ( 267.3 ) 103.0 Other (expense) income ( 0.4 ) ( 50.1 ) 6.8 ( 66.1 ) Earnings (loss) from consolidated companies before income taxes 174.2 ( 18.6 ) 125.0 1,002.0 Provision for (benefit from) income taxes 48.0 ( 5.9 ) 152.9 220.8 Earnings (loss) from consolidated companies 126.2 ( 12.7 ) ( 27.9 ) 781.2 Equity in net earnings of nonconsolidated companies 4.5 15.8 64.2 60.0 Net earnings including noncontrolling interests 130.7 3.1 36.3 841.2 Less: Net earnings attributable to noncontrolling interests 8.5 7.3 30.4 41.6 Net earnings (loss) attributable to Mosaic $ 122.2 $ ( 4.2 ) $ 5.9 $ 799.6 Basic net earnings (loss) per share attributable to Mosaic $ 0.38 $ ( 0.01 ) $ 0.02 $ 2.40 Basic weighted average number of shares outstanding 318.4 331.5 320.6 333.0 Diluted net earnings (loss) per share attributable to Mosaic $ 0.38 $ ( 0.01 ) $ 0.02 $ 2.39 Diluted weighted average number of shares outstanding 319.4 331.5 321.6 335.1 See Notes to Condensed Consolidated Financial Statements 1 Table of Contents THE MOSAIC COMPANY CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (In millions) (Unaudited) Three months ended Nine months ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Net earnings (loss) including noncon