Freeport-McMoran, Inc. (FCX) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6572,4031,4651,6022,0202,2472,623
Cash and cash equivalents3,6572,4031,4651,6022,0202,2472,623
Restricted cash and investments97103132113100100218
Receivables1,4171,3571,3631,1061,169994970
Inventory, net of allowances, customer advances and progress billings(32)(32)(31)(25)(24)(26)(24)
Inventory(32)(32)(31)(25)(24)(26)(24)
Other current assets341419517795655672760
Other undisclosed current assets3,8233,8213,7093,7663,9954,3604,183
Total current assets:9,3038,0717,1557,3577,9158,3478,730
Noncurrent Assets
Inventory, Noncurrent1,4631,4631,4461,2721,4251,3001,347
Property, plant and equipment29,81829,91129,93629,89929,58429,33028,841
Other noncurrent assets1,5601,6541,6931,6911,8851,9662,168
Total noncurrent assets:32,84133,02833,07532,86232,89432,59632,356
TOTAL ASSETS:42,14441,09940,23040,21940,80940,94341,086
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,7082,5332,4712,4652,5762,7552,721
Accounts payable1,473   1,654  
Employee-related liabilities403   318  
Taxes payable400119471281986163
Interest and dividends payable243   2517373
Other undisclosed accounts payable and accrued liabilities1892,4142,4242,3371552,6212,585
Debt344790245544
Accrued environmental loss contingencies83   106  
Asset retirement obligation268   330  
Self insurance reserve9   11  
Other undisclosed current liabilities315516345433181622561
Total current liabilities:3,4173,0962,9063,1433,2093,3813,286
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,6779,9839,8249,8299,8219,9159,912
Long-term debt, excluding current maturities9,6779,9839,8249,8299,8219,9159,912
Operating lease, liability     211216
Other undisclosed long-term debt and lease obligation     (211)(216)
Liabilities, other than long-term debt6,6776,7656,5786,5266,1622,3022,399
Asset retirement obligations    2,175  
Deferred income tax liabilities4,4084,3254,1804,087   
Accrued environmental loss contingencies    1,455  
Other liabilities2,2692,4402,3982,4392,4912,3022,399
Self insurance reserve    41  
Other undisclosed noncurrent liabilities3,7053,6933,7673,7584,1697,8037,672
Total noncurrent liabilities:20,05920,44120,16920,11320,15220,02019,983
Total liabilities:23,47623,53723,07523,25623,36123,40123,269
Stockholders' equity
Stockholders' equity attributable to parent10,1749,2368,9548,8559,2989,4449,709
Common stock159158158158158158158
Treasury stock, value(3,758)(3,739)(3,739)(3,739)(3,734)(3,735)(3,734)
Additional paid in capital26,03725,93425,90525,87525,83025,88025,949
Accumulated other comprehensive loss(583)(728)(652)(668)(676)(570)(582)
Accumulated deficit(11,681)(12,389)(12,718)(12,771)(12,280)(12,289)(12,082)
Stockholders' equity attributable to noncontrolling interest8,4948,3268,2018,1088,1508,0988,108
Total stockholders' equity:18,66817,56217,15516,96317,44817,54217,817
TOTAL LIABILITIES AND EQUITY:42,14441,09940,23040,21940,80940,94341,086

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues4,4953,8513,0542,7983,9113,1533,546
Cost of revenue(3,066)(2,868)(2,613)(3,108)(3,400)(3,028)(3,354)
Cost of goods and services sold(10,466)(394)(358)(341)(3,321)(2,987)(3,354)
Gross profit:1,429983441(310)511125192
Operating expenses280(103)(120)(163)264(163)(159)
Operating income (loss):1,709880321(473)775(38)33
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3)222020(190)335
Interest and debt expense(1)(59)(9)(32) (21) 
Other undisclosed loss from continuing operations before equity method investments, income taxes(236)(120)(115)(127)(219)(123)(132)
Income (loss) from continuing operations before equity method investments, income taxes:1,469723217(612)366(149)(94)
Income from equity method investments 633555
Income (loss) from continuing operations before income taxes:1,469729220(609)371(144)(89)
Income tax expense (benefit)(611)(297)(96)60(329)(91)15
Income (loss) from continuing operations:858432124(549)42(235)(74)
Income from discontinued operations    11 
Net income (loss):858432124(549)43(234)(74)
Net loss attributable to noncontrolling interest    (50)  
Net income (loss) attributable to parent:858432124(549)(7)(234)(74)
Other undisclosed net income (loss) available to common stockholders, basic(150)(103)(71)5816272
Net income (loss) available to common stockholders, basic:70832953(491)9(207)(72)
Other undisclosed net loss available to common stockholders, diluted (3)(3)(3) (3)(3)
Net income (loss) available to common stockholders, diluted:70832650(494)9(210)(75)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):858432124(549)43(234)(74)
Other comprehensive income (loss)143(76)167(103)1113
Comprehensive income (loss):1,001356140(542)(60)(223)(61)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(148)(103)(71)59(37)281
Comprehensive income (loss), net of tax, attributable to parent:85325369(483)(97)(195)(60)

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.

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