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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6572,0204,2174,4474,245224464
Cash and cash equivalents3,6572,0204,2174,4474,245224464
Restricted cash and investments97100110    
Receivables1,4171,1691,3241,5732,0968632,563
Inventory, net of allowances, customer advances and progress billings(32)(24)(24)1,137969(29)(20)
Inventory(32)(24)(24)1,137969(29)(20)
Deferred costs     81113
Disposal group, including discontinued operation   598344  
Other current assets341655422270110173657
Other undisclosed current assets3,8233,9954,6712,7542,6716,1505,268
Total current assets:9,3037,91510,72010,77910,4357,4629,045
Noncurrent Assets
Inventory, Noncurrent1,4631,4251,3141,4091,633  
Nontrade receivables   45914428063
Property, plant and equipment29,81829,58428,01022,83623,21927,50926,220
Oil and gas property, full cost method   (27,445)(27,433) (7,360)
Long-term investments and receivables   98121309247
Long-term investments   30504746
Accounts and financing receivable, after allowance for credit loss     174164
Due from related parties   68718837
Intangible assets, net (including goodwill)   306305317334
Intangible assets, net (excluding goodwill)   306305317334
Regulated entity, other noncurrent assets     129 
Restricted cash and investments   189182171172
Deferred costs      141
Other noncurrent assets1,5601,8852,1722,2701,9562,2422,077
Other undisclosed noncurrent assets   26,40126,7558,15827,856
Total noncurrent assets:32,84132,89431,49626,52326,88239,11549,750
TOTAL ASSETS:42,14440,80942,21637,30237,31746,57758,795
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,7082,5762,6252,3212,3933,3553,653
Accounts payable1,4731,6541,6611,3801,540  
Accrued liabilities  29    
Employee-related liabilities403318351346301  
Taxes payable40019827412915623410
Interest and dividends payable2432512561681298335
Other undisclosed accounts payable and accrued liabilities189155542982673,3242,908
Debt345171,4141,232649478
Accrued environmental loss contingencies83106132134129100105
Asset retirement obligation268330317254240172191
Disposal group, including discontinued operation   350205  
Self insurance reserve9111110778
Other undisclosed current liabilities3151812275555924737
Total current liabilities:3,4173,2093,3295,0384,2654,3075,172
Noncurrent Liabilities
Long-term debt and lease obligation9,6779,82111,12411,70314,79519,77918,492
Long-term debt, excluding current maturities9,6779,82111,12411,70314,79519,77918,492
Liabilities, other than long-term debt6,6776,1626,2629,2659,0009,68313,460
Asset retirement obligations 2,175 2,3262,3952,6242,578
Deferred tax liabilities, net4,0323,6223,7684,2886,398
Deferred income tax liabilities4,408 
Liability for uncertainty in income taxes      68
Liability, pension and other postretirement and postemployment benefits      1,430
Accrued environmental loss contingencies 1,455 1,3051,0921,1151,069
Other liabilities2,2692,4912,2302,0121,7451,6561,861
Self insurance reserve 41    56
Other undisclosed noncurrent liabilities3,7054,1693,609   (1,554)
Total noncurrent liabilities:20,05920,15220,99520,96823,79529,46230,398
Total liabilities:23,47623,36124,32426,00628,06033,76935,570
Temporary equity, carrying amount     764751
Stockholders' equity
Stockholders' equity attributable to parent10,1749,2989,7987,9776,0517,82818,287
Common stock159158158158157137117
Treasury stock, value(3,758)(3,734)(3,727)(3,723)(3,708)(3,702)(3,695)
Additional paid in capital26,03725,83026,01326,75126,69024,28322,281
Accumulated other comprehensive loss(583)(676)(605)(487)(548)(503)(544)
Retained earnings (accumulated deficit)(11,681)(12,280)(12,041)(14,722)(16,540)(12,387)128
Stockholders' equity attributable to noncontrolling interest8,4948,1508,0943,3193,2064,2164,187
Total stockholders' equity:18,66817,44817,89211,2969,25712,04422,474
TOTAL LIABILITIES AND EQUITY:42,14440,80942,21637,30237,31746,57758,795

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues14,19814,40218,62816,40314,83015,87721,438
Revenue, net  15,87721,438
Cost of revenue(11,655)(13,105)(13,445)(12,022)(17,580)(28,658)(19,580)
Cost of goods and services sold(11,559)(12,926)(1,754)(12,022)(13,263)(28,524)(19,580)
Gross profit:2,5431,2975,1834,381(2,750)(12,781)1,858
Operating expenses(106)(206)(429)(403)42(601)(5,523)
Other undisclosed operating income (loss)   (345)(84) 3,762
Operating income (loss):2,4371,0914,7543,633(2,792)(13,382)97
Nonoperating income (expense)59(138)7612549 36
Investment income, nonoperating   81 87504
Other nonoperating income (expense)59(138)764949636
Interest and debt expense(101)(27)72126 73
Other undisclosed loss from continuing operations before equity method investments, income taxes(598)(620)(945)(877)(755)(639)(630)
Income (loss) from continuing operations before equity method investments, income taxes:1,7973063,8922,902(3,472)(14,021)(424)
Income (loss) from equity method investments121281011(3)3
Income (loss) from continuing operations before income taxes:1,8093183,9002,912(3,461)(14,024)(421)
Income tax expense (benefit)(944)(510)(991)(883)(371)1,935(324)
Income (loss) from continuing operations:865(192)2,9092,029(3,832)(12,089)(745)
Income (loss) from discontinued operations 3(15)66(193)  
Net income (loss):865(189)2,8942,095(4,025)(12,089)(745)
Net loss attributable to noncontrolling interest (50)   (106)(523)
Net income (loss) attributable to parent:865(239)2,8942,095(4,025)(12,195)(1,268)
Preferred stock dividends and other adjustments    161(41)(40)
Other undisclosed net loss available to common stockholders, basic(266) (292)(278)(290)  
Net income (loss) available to common stockholders, basic:599(239)2,6021,817(4,154)(12,236)(1,308)
Other undisclosed net loss available to common stockholders, diluted(3)(3)(4)(4)(3)(3)(3)
Net income (loss) available to common stockholders, diluted:596(242)2,5981,813(4,157)(12,239)(1,311)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):865(189)2,8942,095(4,025)(12,089)(745)
Other comprehensive income (loss)90(68)(34)69(43)41(141)
Comprehensive income (loss):955(257)2,8602,164(4,068)(12,048)(886)
Comprehensive loss, net of tax, attributable to noncontrolling interest(263)(53)(291)(286)(292)(106)(521)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    161(41)(40)
Comprehensive income (loss), net of tax, attributable to parent:692(310)2,5691,878(4,199)(12,195)(1,447)

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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