Freeport-McMoRan Inc. (FCX) Income Statement Analysis

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Complete financial analysis of Freeport-McMoRan Inc. (FCX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Freeport-McMoRan Inc., a leading company in the Copper industry within the Basic Materials sector.

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Freeport-McMoRan Inc. (FCX)

Industry: Copper

Sector: Basic Materials

Website: https://fcx.com

About Freeport-McMoRan Inc.

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987
Revenue	22.86B	22.78B	22.85B	14.20B	14.40B	18.63B	16.40B	14.83B	15.88B	21.44B	20.92B	18.01B	20.88B	18.98B	15.04B	17.80B	16.94B	5.79B	4.18B	2.37B	2.21B	1.91B	1.84B	1.87B	1.89B	1.76B	2.00B	1.91B	1.83B	1.21B	925.90M	714.30M	467.50M	434.10M	367.90M	335.00M	190.00M
Cost of Revenue	15.70B	15.09B	14.03B	11.66B	13.11B	13.45B	12.02B	17.58B	28.52B	19.50B	14.64B	11.56B	10.92B	9.53B	8.14B	12.98B	9.92B	2.54B	1.65B	1.46B	1.08B	941.57M	952.63M	1.02B	940.30M	817.60M	1.03B	951.90M	932.40M	780.60M	567.10M	291.60M	204.40M	160.00M	118.50M	98.60M	79.60M
Gross Profit	7.16B	7.69B	8.82B	2.54B	1.30B	5.18B	4.38B	-2.75B	-12.65B	1.93B	6.28B	6.45B	9.96B	9.45B	6.90B	4.82B	7.02B	3.25B	2.53B	912.91M	1.13B	968.89M	886.24M	848.84M	947.00M	939.50M	974.70M	953.10M	901.90M	431.70M	358.80M	422.70M	263.10M	274.10M	249.40M	236.40M	110.40M
Gross Profit Ratio	31.33%	33.76%	38.59%	17.91%	9.01%	27.82%	26.71%	-18.54%	-79.66%	9.02%	30.04%	35.81%	47.70%	49.78%	45.88%	27.06%	41.45%	56.18%	60.60%	38.49%	51.28%	50.71%	48.19%	45.43%	50.18%	53.47%	48.71%	50.03%	49.17%	35.61%	38.75%	59.18%	56.28%	63.14%	67.79%	70.57%	58.11%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	271.00M	0.00	90.00M	292.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	25.91M	19.43M	18.06M	14.94M	4.33M	59.42M	70.95M	70.60M	87.80M	96.60M	140.90M	185.30M	109.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	131.16M	84.45M	71.87M	65.34M	63.98M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	479.00M	420.00M	383.00M	370.00M	414.00M	443.00M	484.00M	607.00M	569.00M	592.00M	657.00M	431.00M	415.00M	381.00M	321.00M	269.00M	466.00M	157.07M	103.89M	89.93M	80.28M	68.31M	59.42M	70.95M	70.60M	87.80M	96.60M	140.90M	185.30M	109.00M	135.90M	80.70M	47.10M	34.10M	21.20M	15.50M	9.90M
Other Expenses	456.00M	236.00M	146.00M	209.00M	209.00M	76.00M	49.00M	49.00M	-86.00M	36.00M	-13.00M	27.00M	0.00	0.00	0.00	0.00	-173.00M	195.52M	251.51M	119.41M	196.21M	260.45M	283.89M	283.56M	293.20M	277.40M	213.90M	174.00M	124.10M	75.10M	67.90M	65.60M	38.40M	35.50M	24.60M	20.90M	23.30M
Operating Expenses	935.00M	656.00M	529.00M	579.00M	623.00M	637.00M	829.00M	691.00M	774.00M	837.00M	933.00M	694.00M	686.00M	381.00M	321.00M	17.53B	293.00M	352.59M	355.40M	209.34M	276.49M	328.75M	343.31M	354.51M	363.80M	365.20M	310.50M	314.90M	309.40M	184.10M	203.80M	146.30M	85.50M	69.60M	45.80M	36.40M	33.20M
Cost & Expenses	16.62B	15.75B	14.56B	12.23B	13.73B	14.08B	12.85B	18.27B	29.30B	20.34B	15.57B	12.26B	11.61B	9.91B	8.46B	30.51B	10.21B	2.89B	2.00B	1.67B	1.35B	1.27B	1.30B	1.37B	1.30B	1.18B	1.34B	1.27B	1.24B	964.70M	770.90M	437.90M	289.90M	229.60M	164.30M	135.00M	112.80M
Interest Income	0.00	419.00M	559.00M	563.00M	542.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	515.00M	560.00M	602.00M	598.00M	620.00M	945.00M	801.00M	755.00M	645.00M	630.00M	518.00M	186.00M	312.00M	462.00M	586.00M	584.00M	513.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	2.07B	2.02B	2.00B	1.53B	1.41B	1.75B	1.71B	2.53B	3.50B	3.86B	2.80B	1.18B	1.02B	1.13B	1.14B	1.78B	1.26B	232.54M	259.11M	214.91M	247.00M	272.48M	283.89M	283.56M	293.20M	277.40M	213.90M	174.00M	124.10M	75.10M	67.90M	65.60M	38.40M	35.50M	24.60M	20.90M	23.30M
EBITDA	8.59B	9.29B	10.26B	3.92B	2.25B	6.22B	5.27B	-187.00M	-10.27B	4.07B	8.23B	6.85B	10.15B	10.01B	7.42B	-10.94B	7.91B	3.13B	2.44B	918.49M	1.10B	912.61M	826.82M	777.89M	876.40M	851.70M	878.10M	812.20M	716.60M	322.70M	222.90M	342.00M	216.00M	240.00M	228.20M	220.90M	100.50M
EBITDA Ratio	37.58%	40.65%	44.56%	25.01%	13.53%	34.23%	32.40%	-5.27%	-63.05%	23.30%	39.50%	38.65%	49.31%	53.71%	51.31%	-61.28%	47.80%	54.21%	58.73%	34.35%	53.69%	48.56%	45.26%	42.47%	46.88%	48.89%	43.67%	42.58%	39.07%	24.01%	24.31%	46.87%	45.45%	55.01%	61.32%	65.64%	52.42%
Operating Income	6.23B	7.04B	8.37B	2.44B	536.00M	4.75B	3.63B	-2.79B	-13.38B	97.00M	5.35B	5.81B	9.14B	9.07B	6.50B	-12.71B	6.56B	2.87B	2.18B	703.58M	823.31M	640.14M	542.93M	494.33M	583.20M	574.30M	664.20M	638.20M	592.50M	247.60M	155.00M	276.40M	177.60M	204.50M	203.60M	200.00M	77.20M
Operating Income Ratio	27.24%	30.89%	36.62%	17.16%	3.72%	25.52%	22.15%	-18.83%	-84.29%	0.45%	25.58%	32.28%	43.77%	47.77%	43.24%	-71.42%	38.70%	49.54%	52.10%	29.66%	37.22%	33.51%	29.53%	26.45%	30.90%	32.68%	33.20%	33.50%	32.30%	20.42%	16.74%	38.70%	37.99%	47.11%	55.34%	59.70%	40.63%
Total Other Income/Expenses	-219.00M	-322.00M	-707.00M	-640.00M	-785.00M	-862.00M	-731.00M	360.00M	-746.00M	-521.00M	-438.00M	-327.00M	-322.00M	-556.00M	-687.00M	-599.00M	-444.00M	-42.88M	-140.35M	-129.19M	-239.53M	-226.92M	-184.15M	-257.77M	-251.00M	-249.90M	-187.80M	-164.80M	-104.90M	6.00M	-26.70M	-42.80M	-30.00M	-26.30M	-15.00M	-17.00M	-9.30M
Income Before Tax	6.01B	6.72B	7.66B	1.80B	306.00M	3.89B	2.90B	-3.47B	-14.02B	-424.00M	4.91B	5.49B	8.82B	8.51B	5.82B	-13.31B	6.13B	2.83B	2.04B	574.38M	583.78M	413.22M	358.78M	236.56M	332.20M	324.40M	476.40M	473.40M	487.60M	253.60M	128.30M	233.60M	147.60M	178.20M	188.60M	183.00M	67.90M
Income Before Tax Ratio	26.28%	29.48%	33.53%	12.66%	2.12%	20.89%	17.69%	-23.41%	-88.31%	-1.98%	23.48%	30.47%	42.23%	44.84%	38.67%	-74.79%	36.21%	48.80%	48.74%	24.22%	26.39%	21.63%	19.51%	12.66%	17.60%	18.46%	23.81%	24.85%	26.58%	20.92%	13.86%	32.70%	31.57%	41.05%	51.26%	54.63%	35.74%
Income Tax Expense	2.27B	2.27B	2.30B	944.00M	510.00M	1.37B	883.00M	371.00M	-1.94B	324.00M	1.48B	1.51B	3.09B	2.98B	2.31B	-2.84B	2.40B	1.20B	915.07M	330.68M	338.05M	245.52M	202.98M	159.57M	195.70M	170.60M	231.30M	247.20M	234.00M	123.40M	67.60M	103.70M	45.60M	85.60M	89.90M	88.80M	24.50M
Net Income	1.84B	3.47B	4.31B	853.00M	-204.00M	2.26B	1.82B	-4.32B	-12.20B	-1.27B	2.66B	3.04B	4.56B	4.34B	2.75B	-11.07B	2.98B	1.46B	995.13M	202.27M	181.66M	164.65M	113.03M	76.99M	136.50M	153.80M	245.10M	226.20M	253.60M	130.20M	50.80M	129.90M	96.20M	92.60M	98.70M	94.20M	43.40M
Net Income Ratio	8.06%	15.22%	18.85%	6.01%	-1.42%	12.12%	11.08%	-29.10%	-76.81%	-5.91%	12.70%	16.89%	21.84%	22.84%	18.28%	-62.19%	17.57%	25.15%	23.81%	8.53%	8.21%	8.62%	6.15%	4.12%	7.23%	8.75%	12.25%	11.87%	13.83%	10.74%	5.49%	18.19%	20.58%	21.33%	26.83%	28.12%	22.84%
EPS	1.29	2.40	2.93	0.59	-0.14	1.56	1.25	-3.27	-11.27	-1.22	2.65	3.20	4.81	4.67	3.05	-14.49	4.06	3.66	2.59	0.43	0.50	0.44	0.27	0.13	0.31	0.34	0.53	0.45	0.49	0.19	0.06	0.33	0.27	0.27	0.29	0.23	0.11
EPS Diluted	1.28	2.39	2.90	0.58	-0.14	1.55	1.25	-3.27	-11.27	-1.22	2.64	3.19	4.78	4.57	2.93	-14.49	3.75	3.32	2.34	0.43	0.49	0.44	0.27	0.13	0.31	0.34	0.53	0.45	0.49	0.19	0.06	0.33	0.27	0.27	0.29	0.23	0.11
Weighted Avg Shares Out	1.43B	1.44B	1.47B	1.45B	1.45B	1.45B	1.45B	1.32B	1.08B	1.04B	1.00B	949.00M	947.00M	916.00M	828.00M	764.00M	682.00M	382.00M	360.54M	364.54M	311.61M	289.30M	287.90M	307.99M	327.23M	350.71M	393.40M	388.00M	408.81M	411.51M	396.36M	372.42M	363.02M	342.96M	339.66M	412.68M	412.68M
Weighted Avg Shares Out (Dil)	1.44B	1.45B	1.48B	1.46B	1.45B	1.46B	1.45B	1.32B	1.08B	1.04B	1.01B	954.00M	955.00M	948.00M	938.00M	764.00M	794.00M	442.00M	440.94M	369.85M	318.20M	292.84M	289.88M	309.04M	329.13M	350.71M	393.40M	392.36M	408.81M	411.51M	396.36M	372.42M	363.02M	342.96M	339.66M	412.68M	412.68M

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