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)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0204,2174,4474,2452244641,985
Cash and cash equivalents2,0204,2174,4474,2452244641,985
Restricted cash and investments100110     
Receivables1,1691,3241,5732,0968632,5632,562
Inventory, net of allowances, customer advances and progress billings(24)(24)1,137969(29)(20)5,018
Inventory(24)(24)1,137969(29)(20)5,018
Deferred costs    81113 
Disposal group, including discontinued operation  598344   
Income taxes receivable✕✕✕✕✕✕419
Other current assets655422270110173657407
Other undisclosed current assets3,9954,6712,7542,6716,1505,268(419)
Total current assets:7,91510,72010,77910,4357,4629,0459,972
Noncurrent Assets
Inventory, Noncurrent1,4251,3141,4091,633   
Nontrade receivables  45914428063✕
Property, plant and equipment29,58428,01022,83623,21927,50926,22024,042
Oil and gas property, full cost method  (27,445)(27,433) (7,360) 
Long-term investments and receivables  98121309247196
Long-term investments  3050474644
Accounts and financing receivable, after allowance for credit loss    174164152
Due from related parties  68718837 
Intangible assets, net (including goodwill)  3063053173342,296
Goodwill      1,916
Intangible assets, net (excluding goodwill)  306305317334380
Regulated entity, other noncurrent assets    129  
Restricted cash and investments  189182171172392
Deferred costs     141107
Other noncurrent assets1,8852,1722,2701,9562,2422,0771,798
Deferred tax assets, net✕     2
Other undisclosed noncurrent assets  26,40126,7558,15827,85624,668
Total noncurrent assets:32,89431,49626,52326,88239,11549,75053,501
TOTAL ASSETS:40,80942,21637,30237,31746,57758,79563,473
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,5762,6252,3212,3933,3553,6533,700
Accounts payable1,6541,6611,3801,540   
Accrued liabilities 29     
Employee-related liabilities318351346301   
Taxes payable19827412915623410184
Interest and dividends payable2512561681298335 
Other undisclosed accounts payable and accrued liabilities155542982673,3242,9083,516
Debt5171,4141,232649478312
Accrued environmental loss contingencies106132134129100105(121)
Asset retirement obligation330317254240172191(115)
Disposal group, including discontinued operation  350205   
Self insurance reserve1111107788
Deferred tax liabilities✕     8
Other undisclosed current liabilities1812275555924737981
Total current liabilities:3,2093,3295,0384,2654,3075,1724,773
Noncurrent Liabilities
Long-term debt and lease obligation9,82111,12411,70314,79519,77918,49220,394
Long-term debt, excluding current maturities9,82111,12411,70314,79519,77918,49220,394
Liabilities, other than long-term debt6,1626,2629,2659,0009,68313,46012,490
Asset retirement obligations2,175 2,3262,3952,6242,5782,213
Deferred tax liabilities, net✕4,0323,6223,7684,2886,3987,410
Liability for uncertainty in income taxes     6887
Liability, pension and other postretirement and postemployment benefits     1,430✕
Accrued environmental loss contingencies1,455 1,3051,0921,1151,0691,046
Other liabilities2,4912,2302,0121,7451,6561,8611,690
Self insurance reserve41    5644
Other undisclosed noncurrent liabilities4,1693,609   (1,554)(131)
Total noncurrent liabilities:20,15220,99520,96823,79529,46230,39832,753
Total liabilities:23,36124,32426,00628,06033,76935,57037,526
Temporary equity, carrying amount    764751 
Stockholders' equity
Stockholders' equity attributable to parent9,2989,7987,9776,0517,82818,28720,934
Common stock158158158157137117117
Treasury stock, value(3,734)(3,727)(3,723)(3,708)(3,702)(3,695)(3,681)
Additional paid in capital25,83026,01326,75126,69024,28322,28122,161
Accumulated other comprehensive loss(676)(605)(487)(548)(503)(544)(405)
Retained earnings (accumulated deficit)(12,280)(12,041)(14,722)(16,540)(12,387)1282,742
Stockholders' equity attributable to noncontrolling interest8,1508,0943,3193,2064,2164,1874,297
Total stockholders' equity:17,44817,89211,2969,25712,04422,47425,231
Other undisclosed liabilities and equity      716
TOTAL LIABILITIES AND EQUITY:40,80942,21637,30237,31746,57758,79563,473

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues14,40218,62816,40314,83015,87721,43820,921
Revenue, net✕✕  15,87721,43820,921
Cost of revenue(13,105)(13,445)(12,022)(17,580)(28,658)(19,580)(14,713)
Cost of goods and services sold(12,926)(1,754)(12,022)(13,263)(28,524)(19,580)(14,713)
Gross profit:1,2975,1834,381(2,750)(12,781)1,8586,208
Operating expenses(206)(429)(403)42(601)(5,523)(1,844)
Other undisclosed operating income (loss)  (345)(84) 3,762987
Operating income (loss):1,0914,7543,633(2,792)(13,382)975,351
Nonoperating income (expense)(138)7612549 36(13)
Investment income, nonoperating  81 87504(334)
Other nonoperating income (expense)(138)764949636(13)
Interest and debt expense(27)72126 73(35)
Other undisclosed loss from continuing operations before equity method investments, income taxes(620)(945)(877)(755)(639)(630)(390)
Income (loss) from continuing operations before equity method investments, income taxes:3063,8922,902(3,472)(14,021)(424)4,913
Income (loss) from equity method investments1281011(3)33
Income (loss) from continuing operations before income taxes:3183,9002,912(3,461)(14,024)(421)4,916
Income tax expense (benefit)(510)(991)(883)(371)1,935(324)(1,475)
Income (loss) from continuing operations:(192)2,9092,029(3,832)(12,089)(745)3,441
Income (loss) from discontinued operations3(15)66(193)   
Net income (loss):(189)2,8942,095(4,025)(12,089)(745)3,441
Net loss attributable to noncontrolling interest(50)   (106)(523)(783)
Net income (loss) attributable to parent:(239)2,8942,095(4,025)(12,195)(1,268)2,658
Preferred stock dividends and other adjustments   161(41)(40)(22)
Other undisclosed net income (loss) available to common stockholders, basic (292)(278)(290)  22
Net income (loss) available to common stockholders, basic:(239)2,6021,817(4,154)(12,236)(1,308)2,658
Other undisclosed net loss available to common stockholders, diluted(3)(4)(4)(3)(3)(3) 
Net income (loss) available to common stockholders, diluted:(242)2,5981,813(4,157)(12,239)(1,311)2,658

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(189)2,8942,095(4,025)(12,089)(745)3,441
Other comprehensive income (loss)(68)(34)69(43)41(141)98
Comprehensive income (loss):(257)2,8602,164(4,068)(12,048)(886)3,539
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(53)(291)(286)(292)(106)(521)780
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   161(41)(40)(1,560)
Comprehensive income (loss), net of tax, attributable to parent:(310)2,5691,878(4,199)(12,195)(1,447)2,759

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: