Freeport-McMoRan Inc. Website

Freeport-McMoRan Inc.

NYSE-FCX

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Impairment of Oil, Gas & Mineral Properties

—

—

—

—

—

—

—

—

67

67

Total Revenues

14,402

14,198

22,845

22,780

22,855

24,674

Total Revenues % Chg.

-22.7%

-1.4%

60.9%

-0.3%

0.3%

12.7%

Cost of Goods Sold, Total

11,713

10,127

11,940

13,070

13,627

14,632

Gross Profit

2,689

4,071

10,905

9,710

9,228

10,042

Selling General & Admin Expenses, Total

447

391

376

444

520

546

Exploration / Drilling Costs, Total

104

50

55

115

137

141

Depreciation & Amortization

1,412

1,528

1,998

2,019

2,068

2,226

Impairment of Oil, Gas & Mineral Properties

—

—

—

—

—

—

—

—

—

—

Other Operating Expenses

105

29

91

77

319

273

Other Operating Expenses, Total

2,068

1,998

2,520

2,655

3,044

3,186

Operating Income

621

2,073

8,385

7,055

6,184

6,856

Interest Expense, Total

-542

-563

-559

-555

-515

-370

Interest And Investment Income

—

—

—

—

—

—

—

—

—

Net Interest Expenses

-542

-563

-559

-555

-515

-370

Income (Loss) On Equity Invest.

12

12

5

31

15

7

Currency Exchange Gains (Loss)

24

34

66

9

20

20

Other Non Operating Income (Expenses)

—

—

-109

46

-178

146

307

393

EBT, Excl. Unusual Items

6

1,602

7,719

6,686

6,011

6,906

Restructuring Charges

—

—

—

—

—

—

—

—

Impairment of Goodwill

—

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Assets

417

473

80

2

—

—

Asset Writedown

—

—

—

—

—

—

—

—

Insurance Settlements

—

—

—

—

—

—

—

—

—

—

Legal Settlements

—

—

—

-78

-165

-43

27

—

—

Other Unusual Items

-27

-101

-92

31

10

5

EBT, Incl. Unusual Items

318

1,809

7,664

6,746

6,021

6,911

Income Tax Expense

510

944

2,299

2,267

2,270

2,498

Earnings From Continuing Operations

-192

865

5,365

4,479

3,751

4,413

Earnings Of Discontinued Operations

3

—

—

—

—

—

Minority Interest

-50

-266

-1,059

-1,011

-1,903

-2,482

Net Income

-239

599

4,306

3,468

1,848

1,931

Preferred Dividend and Other Adjustments

3

3

7

7

6

7

Net Income to Common Incl Extra Items

-242

596

4,299

3,461

1,842

1,924

Net Income to Common Excl. Extra Items

-245

596

4,299

3,461

1,842

1,924

Total Shares Outstanding

1,451

1,458

1,457

1,430

1,435

1,438

Weighted Avg. Shares Outstanding

1,451

1,453

1,466

1,441

1,434

1,435.5

Weighted Avg. Shares Outstanding Dil

1,451

1,461

1,482

1,451

1,443

1,444

EPS

-0.2

0.4

2.9

2.4

1.3

1.3

EPS Diluted

-0.2

0.4

2.9

2.4

1.3

1.3

EBITDA

2,253

3,834

10,599

9,318

8,458

9,288

Effective Tax Rate

160.4%

52.2%

30%

33.6%

37.7%

36.1%