2019 ANNUAL REPORT Financial Highlights
Weather conditions negatively impacted 2019 North American spring and fall fertilizer applications driving lower phosphate prices and potash sales volumes, which negatively impacted cash from operating activities. In response to these conditions, the company made decisions to curtail phosphate and potash production to improve its cost structure longer-term and balance production with customer demand in the near-term. The resulting lower operating rates in both Potash and Phosphates temporarily raised Mosaic’s cash cost per tonne.