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FREEPT MC COP-B   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Revenues14,198.0014,402.0018,628.0016,403.0014,830.0014,607.0020,001.0020,921.0018,010.0020,880.00
Total Revenues14,198.0014,402.0018,628.0016,403.0014,830.0014,607.0020,001.0020,921.0018,010.0020,880.00
Cost of sales : Production and delivery10,031.0011,534.0011,708.0010,258.0010,687.0010,693.0011,116.0011,837.0010,382.009,898.00
Cost of sales : Depreciation, depletion and amortization1,528.001,412.001,754.001,714.002,530.003,240.003,635.002,797.001,179.001,022.00
Cost of sales : Lower of cost or market inventory adjustments----------338.006.003.00----
Cost of sales : Impairment of oil and gas properties--------4,317.0013,144.003,737.00------
Cost of sales : Metals inventory adjustments96.00179.004.008.00------------
Goodwill impairment------------1,717.00------
Exploration expenses50.00104.00105.0093.0063.00107.00106.00210.00285.00271.00
General and administrative expenses370.00394.00422.00477.00597.00558.00580.00657.00431.00415.00
GAIN ON INSURANCE SETTLEMENT----------------59.00--
Long-lived asset impairments and other charges--------------------
Environmental obligations and shutdown costs(159.00)(105.00)(89.00)(244.00)(14.00)(78.00)(119.00)(66.00)22.00(134.00)
Net gain on sales of assets473.00417.00208.0081.00649.0039.00717.00------
Total Operating Expenses11,761.0013,311.0013,874.0012,713.0017,559.0028,119.0020,299.0015,570.0012,196.0011,740.00
Operating Income (Loss)2,437.001,091.004,754.003,690.00(2,729.00)(13,512.00)(298.00)5,351.005,814.009,140.00
Interest expense, net598.00620.00945.00801.00755.00617.00606.00518.00186.00312.00
Gains on sales of assets--------------------
Gain on investment in McMoRan Exploration Co. (MMR)--------------128.00----
Equity in PT Smelting earnings (losses)--------------------
Other income (expense), net59.00(138.00)76.00(8.00)(14.00)1.0031.00(13.00)27.0058.00
Losses on early extinguishment and conversion of debt--------------(35.00)(168.00)(68.00)
Net gain on early extinguishment of debt(101.00)(27.00)7.0021.0026.00--73.00------
Income before Income Taxes and Minority Interests1,797.00306.003,892.002,902.00(3,472.00)(14,128.00)(800.00)4,913.005,487.008,818.00
Provision for (benefit from) income taxes944.00510.00991.00883.00371.00(1,951.00)225.001,475.001,510.003,087.00
Indonesian(Current income taxes)--------------------
United States and other(Current income taxes)--------------------
Deferred Indonesian income taxes--------------------
Tax effect of cumulative effect adjustments----------------(205.00)--
Current income taxes : Federal53.00(23.00)46.003.00164.0089.00(269.00)(203.00)238.00394.00
Current income taxes : State(1.00)3.001.0010.0017.002.00(34.00)(9.00)7.0021.00
Current income taxes : Foreign(816.00)(462.00)(1,445.00)1,426.00(352.00)(160.00)(1,066.00)(1,081.00)1,002.001,934.00
Deferred income taxes (benefits) : Federal3.0048.00(106.00)(64.00)137.003,403.00616.00(234.00)87.0082.00
Deferred income taxes (benefits) : State5.008.00(8.00)(10.00)41.00154.00214.0035.0018.00(19.00)
Deferred income taxes (benefits) : Foreign(306.00)(101.00)(102.00)(89.00)(451.00)(163.00)(19.00)(346.00)363.00622.00
Valuation allowance on prior year deferred tax asset----------(1,374.00)--199.00----
Adjustments37.0012.00504.00(393.00)------------
Operating loss carryforwards81.005.00119.00--------------
Minority interests in net income of consolidated subsidiaries--------------------
Equity in affiliated companies’ net earnings12.0012.008.0010.0011.00(3.00)3.003.003.0016.00
Income from Continuing Operations865.00(192.00)2,909.002,029.00(3,832.00)(12,180.00)(1,022.00)----5,747.00
Income from discontinued operations, net of taxes--3.00(15.00)66.00(193.00)91.00277.00------
Net income before cumulative effect of change s in accounting principle--------------------
Cumulative effect of change s in accounting principle, net of taxes--------------------
Net Income (loss)865.00(189.00)2,894.002,095.00(4,025.00)(12,089.00)(745.00)3,441.003,980.00--
Less- Net income attributable to noncontrolling interests266.0050.00292.00--------761.00939.001,187.00
Net income attributable to noncontrolling interests:Continuing operations------274.00227.0027.00358.00------
Net income attributable to noncontrolling interests:Discontinued operations------4.0063.0079.00165.00------
Preferred dividends--------(161.00)41.0040.0022.00----
Net income (loss) attributable to FCX common stockholders599.00(239.00)2,602.001,817.00(4,154.00)(12,236.00)(1,308.00)2,658.003,041.004,560.00
Earnings Per Share (Basic) - Cont Ops0.41(0.17)1.801.21(2.96)(11.32)(1.37)------
Before cumulative effect--------------------
EPS (Basic) : Disc Ops----(0.01)0.04(0.20)0.010.11------
Cumulative effect--------------------
Net income (loss) per share attributable to FCX common stockholders: Basic0.41(0.17)1.791.25(3.16)(11.31)(1.26)2.653.204.81
Earnings Per Share (Diluted) - Cont Ops0.41(0.17)1.791.21(2.96)(11.32)(1.37)------
Before cumulative effect--------------------
Earnings Per Share (Diluted) - Disc Ops----(0.01)0.04(0.20)0.010.11------
Cumulative effect--------------------
Net income (loss) per share attributable to FCX common stockholders: Diluted0.41(0.17)1.781.25(3.16)(11.31)(1.26)2.643.194.78
Weighted-average common shares outstanding: Basic1,453.001,451.001,449.001,447.001,318.001,082.001,039.001,002.00949.00947.00
Weighted-average common shares outstanding: Diluted1,461.001,451.001,458.001,454.001,318.001,082.001,039.001,006.00954.00955.00