Post by
Charts1 on Dec 08, 2022 9:14am
ERTH.C MOSAIC NUMBERS
Highlights: • Third quarter revenues were up 56 percent year-over-year to $5.3 billion.
The gross margin rate in the quarter was 28 percent, up from 25 percent in third quarter of 2021. •
Adjusted EBITDA totaled $1.7 billion, up from the prior year period total of $969 million. The company generated cash flow from operations of $889 million and free cash flow of $587 million(1) .
• Potash operating earnings totaled $793 million, up from $220 million in the prior year period, and adjusted EBITDA totaled $871 million, up from $272 million in the third quarter of 2021.
• Phosphates operating earnings totaled $131 million, down from $326 million in the prior year period. This quarter's operating earnings included $226 million of notable items, most of which was related to a noncash adjustment to future asset retirement obligation expenses. Third quarter adjusted EBITDA totaled $481 million, up from $479 million last year.
• Mosaic Fertilizantes operating earnings totaled $323 million and adjusted EBITDA totaled $343 million in the third quarter of 2022. This compares to operating earnings of $290 million and Adjusted EBITDA of $317 million from the prior year period.
• Equity earnings from MWSPC, the joint venture in Saudi Arabia, totaled $72 million in the third quarter and $137 million year-to date, which is excluded from Adjusted EBITDA.