Mosaic Company (MOS) 2020年年度报告「NYSE」.pdf

1、2020ANNUAL REPORTFinancial HighlightsIn the first half of 2020,excess inventories pressured global prices.The second half of the year saw strong,demand driven price recovery;however,average full-year prices remained below 2019 levels.Despite this market environment and challenges in managing through

2、 a global pandemic,The Mosaic Company drove significant transformative improvements across the organization.All three operating segments delivered cost improvements,offsetting lower prices,and driving higher cash from operating activities and higher earnings.*Includes acquisition of Vale Fertilizant

3、es on January 8,2018.*Phosphate cash conversion costs are total production costs less deprecation,depletion,accretion and idle and turnaround costs divided by total production volume in the period.*MOP cash costs of production excluding brine are total production costs less brine management costs,de

4、preciation,depletion,accretion,carbon-based and Canadian resource tax and idle and turnaround costs divided by total production volume in the period.Total production costs for MOP production exclude K-Mag costs,Aspire raw material costs and incremental Aspire operating costs.024681020162017201820202

5、0197.17.49.6*8.78.9NET SALES DOLLARS IN BILLIONS0.00.51.01.52.0201620172018202020191.30.941.4*1.61.1NET CASH PROVIDED BY OPERATING ACTIVITIES DOLLARS IN BILLIONS01020304050607080201620172018202020196064616263NORTH AMERICA PHOSPHATE CASH CONVERSION COSTS*DOLLARS PER TONNE01020304050607080201620172018

6、202020196264615665NORTH AMERICA MURIATE OF POTASH CASHCOSTS OF PRODUCTION EXCLUDING BRINE*DOLLARS PER TONNE01020304050607080201620172018202020196064616263NORTH AMERICA PHOSPHATE CASH CONVERSION COSTS*DOLLARS PER TONNE0.00.51.01.52.0201620172018202020191.30.941.4*1.61.1NET CASH PROVIDED BY OPERATING