MOS · News · 20260806N
Free Cash Flow and Liquidity
MOSAIC CO · 2026-08-06 · Importance 64 · Surprise 42 · In source text
Mosaic expects free cash flow to improve in the second half of 2026 through lower capital expenditures and a release of working capital. Management indicated a projected cash shortfall of approximately $500 million for 2026, while S&P estimated a discretionary cash-flow deficit of $400 million to $500 million. The company is reducing SG&A, curtailing production and managing spending to preserve liquidity. S&P expects Mosaic’s weaker cash generation to increase debt and projected funds from operations to debt below 20% in 2026.
Key facts
- S&P anticipates a discretionary cash flow deficit of $400 million to $500 million in 2026 leading to increased debt for the company. source
- Mosaic projected a $500 million cash shortfall for the year. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | contingent | — | S&P anticipates a discretionary cash flow deficit of $400 million to $500 million in 2026 leading to increased debt for the company. |
| liability | negative | contingent | — | S&P anticipates a discretionary cash flow deficit of $400 million to $500 million in 2026 leading to increased debt for the company. |
| cash | negative | probable | — | Mosaic projected a $500 million cash shortfall for the year. |