Fiscal period | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
Period End Date | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 |
Revenues | 25,455.00 | 22,855.00 | 22,780.00 | 22,845.00 | 14,198.00 | 14,402.00 | 18,628.00 | 16,403.00 | 14,830.00 | 15,877.00 |
Total Revenues | 25,455.00 | 22,855.00 | 22,780.00 | 22,845.00 | 14,198.00 | 14,402.00 | 18,628.00 | 16,403.00 | 14,830.00 | 15,877.00 |
Cost of sales : Production and delivery | 15,554.00 | 13,627.00 | 13,041.00 | 12,016.00 | 10,031.00 | 11,514.00 | 11,691.00 | 10,300.00 | 10,697.00 | 11,545.00 |
Cost of sales : Depreciation, depletion and amortization | 2,241.00 | 2,068.00 | 2,019.00 | 1,998.00 | 1,528.00 | 1,412.00 | 1,754.00 | 1,714.00 | 2,530.00 | 3,497.00 |
Cost of sales : Lower of cost or market inventory adjustments | -- | -- | -- | -- | -- | -- | -- | 8.00 | 36.00 | 338.00 |
Cost of sales : Impairment of oil and gas properties | -- | -- | -- | -- | -- | -- | -- | -- | 4,317.00 | 13,144.00 |
Cost of sales : Metals inventory adjustments | -- | -- | 29.00 | 16.00 | 96.00 | 179.00 | -- | -- | -- | -- |
Goodwill impairment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Exploration expenses | 156.00 | 137.00 | 115.00 | 55.00 | 50.00 | 104.00 | 105.00 | 94.00 | 64.00 | 127.00 |
General and administrative expenses | 513.00 | 479.00 | 420.00 | 383.00 | 370.00 | 414.00 | 443.00 | 484.00 | 607.00 | 569.00 |
GAIN ON INSURANCE SETTLEMENT | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Long-lived asset impairments and other charges | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Environmental obligations and shutdown costs | (127.00) | (319.00) | (121.00) | (91.00) | (159.00) | (105.00) | (89.00) | (251.00) | (20.00) | (78.00) |
Net gain on sales of assets | -- | -- | 2.00 | 80.00 | 473.00 | 417.00 | 208.00 | 81.00 | 649.00 | 39.00 |
Total Operating Expenses | 18,591.00 | 16,630.00 | 15,743.00 | 14,479.00 | 11,761.00 | 13,311.00 | 13,874.00 | 12,770.00 | 17,622.00 | 29,259.00 |
Operating Income (Loss) | 6,864.00 | 6,225.00 | 7,037.00 | 8,366.00 | 2,437.00 | 1,091.00 | 4,754.00 | 3,633.00 | (2,792.00) | (13,382.00) |
Interest expense, net | 319.00 | 515.00 | 560.00 | 602.00 | 598.00 | 620.00 | 945.00 | 801.00 | 755.00 | 645.00 |
Gains on sales of assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Gain on investment in McMoRan Exploration Co. (MMR) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Equity in PT Smelting earnings (losses) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Other income (expense), net | 362.00 | 286.00 | 207.00 | (105.00) | 59.00 | (138.00) | 76.00 | 49.00 | 49.00 | 6.00 |
Losses on early extinguishment and conversion of debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net gain on early extinguishment of debt | -- | 10.00 | 31.00 | -- | (101.00) | (27.00) | 7.00 | 21.00 | 26.00 | -- |
Income before Income Taxes and Minority Interests | 6,907.00 | 6,006.00 | 6,715.00 | 7,659.00 | 1,797.00 | 306.00 | 3,892.00 | 2,902.00 | (3,472.00) | (14,021.00) |
Provision for (benefit from) income taxes | 2,523.00 | 2,270.00 | 2,267.00 | 2,299.00 | 944.00 | 510.00 | 991.00 | 883.00 | 371.00 | (1,935.00) |
Indonesian(Current income taxes) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
United States and other(Current income taxes) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Deferred Indonesian income taxes | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Tax effect of cumulative effect adjustments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Current income taxes : Federal | 36.00 | 5.00 | -- | -- | 53.00 | 23.00 | 46.00 | (3.00) | 164.00 | 89.00 |
Current income taxes : State | (1.00) | (6.00) | 1.00 | (11.00) | (1.00) | (3.00) | 1.00 | (10.00) | 17.00 | 2.00 |
Current income taxes : Foreign | (2,635.00) | (2,087.00) | (2,232.00) | (2,460.00) | (816.00) | 462.00 | (1,445.00) | (1,426.00) | (352.00) | (195.00) |
Deferred income taxes (benefits) : Federal | 1.00 | (50.00) | (149.00) | (184.00) | 3.00 | (48.00) | (106.00) | 64.00 | 137.00 | 3,403.00 |
Deferred income taxes (benefits) : State | (1.00) | (3.00) | (6.00) | (4.00) | 5.00 | (8.00) | (8.00) | 10.00 | 41.00 | 154.00 |
Deferred income taxes (benefits) : Foreign | 74.00 | (320.00) | (144.00) | (23.00) | (306.00) | 101.00 | (102.00) | 89.00 | (451.00) | (144.00) |
Valuation allowance on prior year deferred tax asset | -- | -- | -- | -- | -- | -- | -- | 393.00 | 13.00 | (1,374.00) |
Adjustments | -- | 6.00 | 1.00 | -- | 37.00 | (12.00) | -- | -- | -- | -- |
Operating loss carryforwards | 3.00 | 185.00 | 262.00 | 190.00 | 81.00 | (5.00) | -- | -- | -- | -- |
Minority interests in net income of consolidated subsidiaries | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Equity in affiliated companies’ net earnings | 15.00 | 15.00 | 31.00 | 5.00 | 12.00 | 12.00 | 8.00 | 10.00 | 11.00 | (3.00) |
Income from Continuing Operations | -- | -- | -- | 5,365.00 | 865.00 | (192.00) | 2,909.00 | 2,029.00 | (3,832.00) | -- |
Income from discontinued operations, net of taxes | -- | -- | -- | -- | -- | 3.00 | (15.00) | 66.00 | (193.00) | -- |
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) | 4,399.00 | 3,751.00 | 4,479.00 | 5,365.00 | 865.00 | (189.00) | 2,894.00 | 2,095.00 | (4,025.00) | (12,089.00) |
Less- Net income attributable to noncontrolling interests | 2,510.00 | 1,903.00 | 1,011.00 | 1,059.00 | 266.00 | -- | -- | -- | -- | 106.00 |
Net income attributable to noncontrolling interests:Continuing operations | -- | -- | -- | -- | -- | 50.00 | 292.00 | 274.00 | 227.00 | -- |
Net income attributable to noncontrolling interests:Discontinued operations | -- | -- | -- | -- | -- | -- | -- | 4.00 | 63.00 | -- |
Preferred dividends | -- | -- | -- | -- | -- | -- | -- | -- | (161.00) | 41.00 |
Net income (loss) attributable to FCX common stockholders | 1,889.00 | 1,848.00 | 3,468.00 | 4,306.00 | 599.00 | (239.00) | 2,602.00 | 1,817.00 | (4,154.00) | (12,236.00) |
Earnings Per Share (Basic) - Cont Ops | -- | -- | -- | 2.93 | 0.41 | (0.17) | 1.80 | 1.21 | (2.96) | -- |
Before cumulative effect | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
EPS (Basic) : Disc Ops | -- | -- | -- | -- | -- | -- | (0.01) | 0.04 | (0.20) | -- |
Cumulative effect | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net income (loss) per share attributable to FCX common stockholders: Basic | 1.31 | 1.28 | 2.40 | 2.93 | 0.41 | (0.17) | 1.79 | 1.25 | (3.16) | (11.31) |
Earnings Per Share (Diluted) - Cont Ops | -- | -- | -- | 2.90 | 0.41 | (0.17) | 1.79 | 1.21 | (2.96) | -- |
Before cumulative effect | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Earnings Per Share (Diluted) - Disc Ops | -- | -- | -- | -- | -- | -- | (0.01) | 0.04 | (0.20) | -- |
Cumulative effect | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net income (loss) per share attributable to FCX common stockholders: Diluted | 1.30 | 1.28 | 2.39 | 2.90 | 0.41 | (0.17) | 1.78 | 1.25 | (3.16) | (11.31) |
Weighted-average common shares outstanding: Basic | 1,438.00 | 1,434.00 | 1,441.00 | 1,466.00 | 1,453.00 | 1,451.00 | 1,449.00 | 1,447.00 | 1,318.00 | 1,082.00 |
Weighted-average common shares outstanding: Diluted | 1,445.00 | 1,443.00 | 1,451.00 | 1,482.00 | 1,461.00 | 1,451.00 | 1,458.00 | 1,454.00 | 1,318.00 | 1,082.00 |