Freeport-McMoRan Inc. (FCX) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
333 NORTH CENTRAL AVENUE PHOENIX, AZ 85004 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 10 - Metal Mining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,923 | 4,758 | 8,146 | 8,068 | 3,657 | 2,020 | |||
| Cash and cash equivalent | 3,923 | 4,758 | 8,146 | 8,068 | 3,657 | 2,020 | |||
| Restricted cash and investments | 888 | 1,208 | 111 | 114 | 97 | 100 | |||
| Receivables | 1,151 | 1,670 | 1,800 | 1,749 | 1,417 | 1,169 | |||
| Inventory, net of allowances, customer advances and progress billings | (41) | (39) | (36) | (32) | (24) | ||||
| Inventory | (41) | (39) | (36) | (32) | (24) | ||||
| Prepaid expense | 9 | 39 | 26 | ||||||
| Other current assets | 535 | 375 | 492 | 523 | 341 | 655 | |||
| Other undisclosed current assets | 6,790 | 6,056 | 5,077 | 4,412 | 3,823 | 3,995 | |||
| Total current assets: | 13,296 | 14,065 | 15,613 | 14,830 | 9,303 | 7,915 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 1,225 | 1,336 | 1,252 | 1,387 | 1,463 | 1,425 | |||
| Property, plant and equipment | 38,514 | 35,295 | 32,627 | 30,345 | 29,818 | 29,584 | |||
| Other noncurrent assets | 1,813 | 1,810 | 1,601 | 1,460 | 1,560 | 1,885 | |||
| Total noncurrent assets: | 41,552 | 38,441 | 35,480 | 33,192 | 32,841 | 32,894 | |||
| TOTAL ASSETS: | 54,848 | 52,506 | 51,093 | 48,022 | 42,144 | 40,809 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 4,057 | 3,729 | 4,027 | 3,495 | 2,708 | 2,576 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 218 | 203 | 243 | 251 | ||
| Taxes payable | ✕ | ✕ | ✕ | 75 | 64 | 400 | 198 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 472 | 524 | 403 | 318 | ||
| Accounts payable | 2,789 | 2,466 | 2,701 | 2,035 | 1,473 | 1,654 | |||
| Accrued liabilities | 705 | 706 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 563 | 557 | 561 | 669 | 189 | 155 | |||
| Debt | 41 | 766 | 1,037 | 372 | 34 | 5 | |||
| Accrued environmental loss contingencies | 131 | 131 | 125 | 64 | 83 | 106 | |||
| Asset retirement obligation | 189 | 185 | 195 | 200 | 268 | 330 | |||
| Self insurance reserve | 14 | 11 | 10 | 11 | 9 | 11 | |||
| Other undisclosed current liabilities | 1,064 | 993 | 951 | 1,750 | 315 | 181 | |||
| Total current liabilities: | 5,496 | 5,815 | 6,345 | 5,892 | 3,417 | 3,209 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,907 | 8,656 | 9,583 | 9,078 | 9,677 | 9,821 | |||
| Long-term debt, excluding current maturities | 8,907 | 8,656 | 9,583 | 9,078 | 9,677 | 9,821 | |||
| Liabilities, other than long-term debt | 6,263 | 6,101 | 5,831 | 5,917 | 6,677 | 6,162 | |||
| Asset retirement obligations | 2,175 | ||||||||
| Deferred income tax liabilities | 4,376 | 4,453 | 4,269 | 4,234 | 4,408 | ||||
| Accrued environmental loss contingencies | 1,455 | ||||||||
| Other liabilities | 1,887 | 1,648 | 1,562 | 1,683 | 2,269 | 2,491 | |||
| Self insurance reserve | 41 | ||||||||
| Other undisclosed noncurrent liabilities | 5,404 | 4,624 | 4,463 | 4,116 | 3,705 | 4,169 | |||
| Total noncurrent liabilities: | 20,574 | 19,381 | 19,877 | 19,111 | 20,059 | 20,152 | |||
| Total liabilities: | 26,070 | 25,196 | 26,222 | 25,003 | 23,476 | 23,361 | |||
| Equity | |||||||||
| Equity, attributable to parent | 17,581 | 16,693 | 15,555 | 13,980 | 10,174 | 9,298 | |||
| Common stock | 162 | 162 | 161 | 160 | 159 | 158 | |||
| Treasury stock, value | (5,894) | (5,773) | (5,701) | (4,292) | (3,758) | (3,734) | |||
| Additional paid in capital | 23,797 | 24,637 | 25,322 | 25,875 | 26,037 | 25,830 | |||
| Accumulated other comprehensive loss | (314) | (274) | (320) | (388) | (583) | (676) | |||
| Retained earnings (accumulated deficit) | (170) | (2,059) | (3,907) | (7,375) | (11,681) | (12,280) | |||
| Equity, attributable to noncontrolling interest | 11,197 | 10,617 | 9,316 | 9,039 | 8,494 | 8,150 | |||
| Total equity: | 28,778 | 27,310 | 24,871 | 23,019 | 18,668 | 17,448 | |||
| TOTAL LIABILITIES AND EQUITY: | 54,848 | 52,506 | 51,093 | 48,022 | 42,144 | 40,809 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 25,455 | 22,855 | 22,780 | 22,845 | 14,198 | 14,402 | ||
| Cost of revenue | (17,795) | (15,695) | (15,089) | (14,030) | (11,655) | (13,105) | ||
| Cost of product and service sold | (17,795) | (15,695) | (2,019) | (1,998) | (11,559) | (12,926) | ||
| Gross profit: | 7,660 | 7,160 | 7,691 | 8,815 | 2,543 | 1,297 | ||
| Operating expenses | (796) | (935) | (654) | (449) | (106) | (206) | ||
| Operating income: | 6,864 | 6,225 | 7,037 | 8,366 | 2,437 | 1,091 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 362 | 286 | 207 | (105) | 59 | (138) | ||
| Interest and debt expense | 10 | 31 | (101) | (27) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (319) | (515) | (560) | (602) | (598) | (620) | ||
| Income from continuing operations before equity method investments, income taxes: | 6,907 | 6,006 | 6,715 | 7,659 | 1,797 | 306 | ||
| Income from equity method investments | 15 | 15 | 31 | 5 | 12 | 12 | ||
| Income from continuing operations before income taxes: | 6,922 | 6,021 | 6,746 | 7,664 | 1,809 | 318 | ||
| Income tax expense | (2,523) | (2,270) | (2,267) | (2,299) | (944) | (510) | ||
| Income (loss) from continuing operations: | 4,399 | 3,751 | 4,479 | 5,365 | 865 | (192) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 5,365 | 865 | (189) | |
| Income from discontinued operations | 3 | |||||||
| Net income (loss): | 4,399 | 3,751 | 4,479 | 5,365 | 865 | (189) | ||
| Net income (loss) attributable to noncontrolling interest | (50) | |||||||
| Net income (loss) attributable to parent: | 4,399 | 3,751 | 4,479 | 5,365 | 865 | (239) | ||
| Other undisclosed net loss available to common stockholders, basic | (2,510) | (1,903) | (1,011) | (1,059) | (266) | |||
| Net income (loss) available to common stockholders, basic: | 1,889 | 1,848 | 3,468 | 4,306 | 599 | (239) | ||
| Other undisclosed net loss available to common stockholders, diluted | (6) | (6) | (7) | (7) | (3) | (3) | ||
| Net income (loss) available to common stockholders, diluted: | 1,883 | 1,842 | 3,461 | 4,299 | 596 | (242) | ||
Comprehensive Income ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 4,399 | 3,751 | 4,479 | 5,365 | 865 | (189) | ||
| Other comprehensive income (loss) | (42) | 44 | 68 | 196 | 90 | (68) | ||
| Comprehensive income (loss): | 4,357 | 3,795 | 4,547 | 5,561 | 955 | (257) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2,508) | (1,901) | (1,011) | (1,060) | (263) | (53) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,849 | 1,894 | 3,536 | 4,501 | 692 | (310) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.