What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Mosaic (MOS) spend its free cash flow?

For TTM through Q1 2026, Mosaic generated $886M of operating cash flow and -$489M of free cash flow — a free cash flow margin of -55.2% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Mosaic (MOS) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Mosaic's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Mosaic (MOS) Cash Flow Waterfall

Operating CF

$886M

Capex

-$1.38B

Free Cash Flow

-$489M

FCF Margin

-55.2%

Cash flow waterfall for Mosaic (MOS) — TTM through Q1 2026

Free cash flow: -$489M

Cash flow breakdown for Mosaic (MOS) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$886M	$886M
Capital Expenditure	-$1.38B	-$489M
Free Cash Flow	-$489M	-$489M
Other Investing	$37.7M	-$452M
Dividends Paid	-$280M	-$732M
Net Debt Change	$1.12B	$387M
Other Financing	-$396M	-$8.6M
Forex Effect	$28.9M	$20.3M
Net Cash Increase	$20.3M	$20.3M

Operating Cash Flow$886M
Capital Expenditure-$1.38B
Free Cash Flow-$489M
Other Investing$37.7M
Dividends Paid-$280M
Net Debt Change$1.12B
Other Financing-$396M
Forex Effect$28.9M
Net Cash Increase$20.3M

Want to see what drove the FCF change?Free Cash Flow Bridge

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