Freeport-McMoran, Inc. (FCX) financial statements (2020 and earlier)

Company profile

Business Address 333 NORTH CENTRAL AVENUE
PHOENIX, AZ 85004
State of Incorp. DE
Fiscal Year End December 31
SIC 10 - Metal Mining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0202,2472,6232,8334,2174,5563,859
Cash and cash equivalents2,0202,2472,6232,8334,2174,5563,859
Restricted cash and investments100100218115110116120
Receivables1,1699949701,1911,3241,2901,302
Inventory, net of allowances, customer advances and progress billings(24)(26)(24)(23)(24)(25)1,312
Inventory(24)(26)(24)(23)(24)(25)1,312
Disposal group, including discontinued operation     626625
Other current assets655672760560422402381
Other undisclosed current assets3,9954,3604,1834,3694,6713,9562,744
Total current assets:7,9158,3478,7309,04510,72010,92110,343
Noncurrent Assets
Inventory, Noncurrent1,4251,3001,3471,3431,3141,3551,371
Property, plant and equipment29,58429,33028,84128,49728,01023,01322,923
Other noncurrent assets1,8851,9662,1682,1742,1722,4602,391
Total noncurrent assets:32,89432,59632,35632,01431,49626,82826,685
TOTAL ASSETS:40,80940,94341,08641,05942,21637,74937,028
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,5762,7552,7212,5992,6252,3962,420
Accounts payable1,654   1,661  
Accrued liabilities    29  
Employee-related liabilities318   351  
Taxes payable1986163150274645569
Interest and dividends payable2517373732567373
Other undisclosed accounts payable and accrued liabilities1552,6212,5852,376541,6781,778
Debt54431744
Accrued environmental loss contingencies106   132  
Asset retirement obligation330   317  
Disposal group, including discontinued operation     273353
Self insurance reserve11   11  
Other undisclosed current liabilities1816225616452271,1781,022
Total current liabilities:3,2093,3813,2863,2473,3293,8513,799
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,8219,9159,9129,90211,12411,12311,123
Long-term debt, excluding current maturities9,8219,9159,9129,90211,12411,12311,123
Operating lease, liability 211216 
Other undisclosed long-term debt and lease obligation (211)(216)    
Liabilities, other than long-term debt6,1622,3022,3996,4376,2625,7575,633
Asset retirement obligations2,175      
Deferred tax liabilities, net4,0674,0323,8393,702
Accrued environmental loss contingencies1,455      
Other liabilities2,4912,3022,3992,3702,2301,9181,931
Self insurance reserve41      
Other undisclosed noncurrent liabilities4,1697,8037,6723,6323,6093,5643,631
Total noncurrent liabilities:20,15220,02019,98319,97120,99520,44420,387
Total liabilities:23,36123,40123,26923,21824,32424,29524,186
Stockholders' equity
Stockholders' equity attributable to parent9,2989,4449,7099,7839,7989,9779,474
Common stock158158158158158158158
Treasury stock, value(3,734)(3,735)(3,734)(3,734)(3,727)(3,726)(3,726)
Additional paid in capital25,83025,88025,94925,96326,01326,60326,667
Accumulated other comprehensive loss(676)(570)(582)(594)(605)(532)(464)
Accumulated deficit(12,280)(12,289)(12,082)(12,010)(12,041)(12,526)(13,161)
Stockholders' equity attributable to noncontrolling interest8,1508,0988,1088,0588,0943,4773,368
Total stockholders' equity:17,44817,54217,81717,84117,89213,45412,842
TOTAL LIABILITIES AND EQUITY:40,80940,94341,08641,05942,21637,74937,028

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues3,9113,1533,5463,7923,6844,9085,168
Cost of revenue(3,400)(3,028)(3,354)(3,323)(3,302)(3,527)(3,357)
Cost of goods and services sold(3,321)(2,987)(3,354)(404)(403)(458)(3,357)
Gross profit:5111251924693821,3811,811
Operating expenses264(163)(159)(148)(66)(66)(123)
Other undisclosed operating loss      (24)
Operating income (loss):775(38)333213161,3151,664
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(190)33514131420
Interest and debt expense (21) (6)(1) 9
Other undisclosed loss from continuing operations before equity method investments, income taxes(219)(123)(132)(146)(509)(143)(142)
Income (loss) from continuing operations before equity method investments, income taxes:366(149)(94)183(181)1,1861,551
Income (loss) from equity method investments555(3)343
Income (loss) from continuing operations before income taxes:371(144)(89)180(178)1,1901,554
Income tax expense (benefit)(329)(91)15(105)552(522)(515)
Income (loss) from continuing operations:42(235)(74)753746681,039
Income (loss) from discontinued operations11 14(4)(4)
Net income (loss):43(234)(74)763786641,035
Net loss attributable to noncontrolling interest(50)      
Net income (loss) attributable to parent:(7)(234)(74)763786641,035
Other undisclosed net income (loss) available to common stockholders, basic16272(45)107(108)(166)
Net income (loss) available to common stockholders, basic:9(207)(72)31485556869
Other undisclosed net income (loss) available to common stockholders, diluted (3)(3)(3)1(4)(3)
Net income (loss) available to common stockholders, diluted:9(210)(75)28486552866

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):43(234)(74)763786641,035
Other comprehensive income (loss)(103)111311(68)1211
Comprehensive income (loss):(60)(223)(61)873106761,046
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(37)281(45)108(109)(166)
Comprehensive income (loss), net of tax, attributable to parent:(97)(195)(60)42418567880

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: