See more : PB Bankshares, Inc. (PBBK) Income Statement Analysis – Financial Results
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.
You may be interested
- Sustainable Development Acquisition I Corp. (SDACW) Income Statement Analysis – Financial Results
- Ionix Technology, Inc. (IINX) Income Statement Analysis – Financial Results
- PT Globe Kita Terang Tbk (GLOB.JK) Income Statement Analysis – Financial Results
- Koito Manufacturing Co., Ltd. (7276.T) Income Statement Analysis – Financial Results
- Nova Vision Acquisition Corporation (NOVVR) Income Statement Analysis – Financial Results
Freeport-McMoRan Inc. (FCX)
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 | 15.83B | 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 | 7.03B | 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 | 30.75% | 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 | 16.63B | 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 |
3 Undervalued Industrial Commodity Stocks That Can Surge by 100% On Rate Cuts
If we look at the returns of various asset classes in the last twenty years, commodities are the most undervalued. During this period, the Bloomberg Commodity Index has delivered negative returns at a CAGR of 0.4%.
Max Resource Announces the 2024 Exploration Program for the Sierra Azul Copper-Silver Project, Funded by Freeport-McMoRan Exploration Corporation
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to announce the 2024 exploration program for its Sierra Azul Copper-Silver Project (formerly known as...
3 Reasons to Buy This Magnificent Commodity Stock on a Dip
The company's leaching initiative is starting to bear fruit meaningfully. The copper miner has expansion projects in its pipeline.
Freeport-McMoRan: Volatile Copper Prices But An EPS Beat
Freeport-McMoRan's stock is heavily influenced by copper prices, which have recently dropped about 20% from their peak. Despite a strong quarterly report, I see FCX shares as having near-fair value, while its technical situation shows some reasons for optimism. With...
Freeport-McMoRan Inc. (FCX) Q2 2024 Earnings Call Transcript
Freeport-McMoRan Inc. (NYSE:FCX ) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants David Joint - Vice President, Investor Relations Richard Adkerson - Chairman Kathleen Quirk - President & Chief Executive Officer Cory Stevens - President,...
Freeport's (FCX) Earnings and Revenues Surpass Estimates in Q2
Freeport (FCX) second-quarter earnings and revenues top estimates on higher copper and gold prices.
Freeport-McMoRan (FCX) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for Freeport-McMoRan (FCX) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Freeport-McMoRan (FCX) Q2 Earnings and Revenues Top Estimates
Freeport-McMoRan (FCX) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.35 per share a year ago.
Freeport-McMoRan: Don't Get Stuck Focusing On Q2 Results
Freeport-McMoRan expects disappointing Q2 results due to copper export disruptions in Indonesia. Despite short-term challenges, the copper miner plans to increase copper production by up to 50% by 2030, with the potential for significant cash flows if copper prices rise....
Freeport (FCX) to Report Q2 Earnings: What's in the Offing?
While Freeport (FCX) is expected to have gained from higher copper prices in Q2, increased costs and lower sales volumes are likely to have affected its results.
Source: https://incomestatements.info
Category: Stock Reports