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FREEPT MC COP-B   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Revenues25,455.0022,855.0022,780.0022,845.0014,198.0014,402.0018,628.0016,403.0014,830.0015,877.00
Total Revenues25,455.0022,855.0022,780.0022,845.0014,198.0014,402.0018,628.0016,403.0014,830.0015,877.00
Cost of sales : Production and delivery15,554.0013,627.0013,041.0012,016.0010,031.0011,514.0011,691.0010,300.0010,697.0011,545.00
Cost of sales : Depreciation, depletion and amortization2,241.002,068.002,019.001,998.001,528.001,412.001,754.001,714.002,530.003,497.00
Cost of sales : Lower of cost or market inventory adjustments--------------8.0036.00338.00
Cost of sales : Impairment of oil and gas properties----------------4,317.0013,144.00
Cost of sales : Metals inventory adjustments----29.0016.0096.00179.00--------
Goodwill impairment--------------------
Exploration expenses156.00137.00115.0055.0050.00104.00105.0094.0064.00127.00
General and administrative expenses513.00479.00420.00383.00370.00414.00443.00484.00607.00569.00
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----2.0080.00473.00417.00208.0081.00649.0039.00
Total Operating Expenses18,591.0016,630.0015,743.0014,479.0011,761.0013,311.0013,874.0012,770.0017,622.0029,259.00
Operating Income (Loss)6,864.006,225.007,037.008,366.002,437.001,091.004,754.003,633.00(2,792.00)(13,382.00)
Interest expense, net319.00515.00560.00602.00598.00620.00945.00801.00755.00645.00
Gains on sales of assets--------------------
Gain on investment in McMoRan Exploration Co. (MMR)--------------------
Equity in PT Smelting earnings (losses)--------------------
Other income (expense), net362.00286.00207.00(105.00)59.00(138.00)76.0049.0049.006.00
Losses on early extinguishment and conversion of debt--------------------
Net gain on early extinguishment of debt--10.0031.00--(101.00)(27.00)7.0021.0026.00--
Income before Income Taxes and Minority Interests6,907.006,006.006,715.007,659.001,797.00306.003,892.002,902.00(3,472.00)(14,021.00)
Provision for (benefit from) income taxes2,523.002,270.002,267.002,299.00944.00510.00991.00883.00371.00(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 : Federal36.005.00----53.0023.0046.00(3.00)164.0089.00
Current income taxes : State(1.00)(6.00)1.00(11.00)(1.00)(3.00)1.00(10.00)17.002.00
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) : Federal1.00(50.00)(149.00)(184.00)3.00(48.00)(106.00)64.00137.003,403.00
Deferred income taxes (benefits) : State(1.00)(3.00)(6.00)(4.00)5.00(8.00)(8.00)10.0041.00154.00
Deferred income taxes (benefits) : Foreign74.00(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--------------393.0013.00(1,374.00)
Adjustments--6.001.00--37.00(12.00)--------
Operating loss carryforwards3.00185.00262.00190.0081.00(5.00)--------
Minority interests in net income of consolidated subsidiaries--------------------
Equity in affiliated companies’ net earnings15.0015.0031.005.0012.0012.008.0010.0011.00(3.00)
Income from Continuing Operations------5,365.00865.00(192.00)2,909.002,029.00(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)4,399.003,751.004,479.005,365.00865.00(189.00)2,894.002,095.00(4,025.00)(12,089.00)
Less- Net income attributable to noncontrolling interests2,510.001,903.001,011.001,059.00266.00--------106.00
Net income attributable to noncontrolling interests:Continuing operations----------50.00292.00274.00227.00--
Net income attributable to noncontrolling interests:Discontinued operations--------------4.0063.00--
Preferred dividends----------------(161.00)41.00
Net income (loss) attributable to FCX common stockholders1,889.001,848.003,468.004,306.00599.00(239.00)2,602.001,817.00(4,154.00)(12,236.00)
Earnings Per Share (Basic) - Cont Ops------2.930.41(0.17)1.801.21(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: Basic1.311.282.402.930.41(0.17)1.791.25(3.16)(11.31)
Earnings Per Share (Diluted) - Cont Ops------2.900.41(0.17)1.791.21(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: Diluted1.301.282.392.900.41(0.17)1.781.25(3.16)(11.31)
Weighted-average common shares outstanding: Basic1,438.001,434.001,441.001,466.001,453.001,451.001,449.001,447.001,318.001,082.00
Weighted-average common shares outstanding: Diluted1,445.001,443.001,451.001,482.001,461.001,451.001,458.001,454.001,318.001,082.00