Freeport-mcmoran inc. (FCX)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Revenues

14,402

18,628

16,403

14,830

14,607

20,001

19,331

18,010

20,880

18,982

15,040

17,796

16,939

Cost of sales:
Production and delivery

11,514

11,687

10,258

10,687

10,693

11,116

11,078

10,382

9,898

8,335

7,006

10,416

8,527

Depreciation, depletion and amortization

1,412

1,754

1,714

2,530

3,240

3,635

2,551

1,179

1,022

1,036

1,014

1,782

1,246

Impairment of Oil and Gas Properties

-

-

-

4,317

13,144

3,737

0

0

-

-

-

-

-

Metals inventory adjustments

-

-

-

-

338

6

3

-

-

-

-

782

0

Total cost of sales

13,105

13,445

11,980

17,534

27,415

18,494

13,632

11,561

10,920

9,371

8,020

12,980

9,773

Selling, general and administrative expenses

414

443

477

597

558

580

645

431

415

381

321

269

466

Mining exploration and research expenses

104

105

93

63

107

106

168

285

271

143

90

292

145

Environmental obligations and shutdown costs

105

89

244

14

78

119

66

-22

134

19

106

-

-

Long-lived asset impairments and other charges

-

-

-

-

-

-

-

-

-

-

-

10,978

0

Goodwill impairment

-

-

-

-

-

1,717

0

0

-

-

-

5,987

0

Net loss (gain) on sales of assets

417

208

81

649

39

717

0

0

-

-

-

-

-

Total costs and expenses

13,311

13,874

12,713

17,559

28,119

20,299

14,511

12,196

11,740

9,914

8,537

30,506

10,384

Operating (loss) income

1,091

4,754

3,690

-2,729

-13,512

-298

4,820

5,814

9,140

9,068

6,503

-12,710

6,555

Interest expense, net

-620

-945

-801

-755

-617

-606

501

186

312

462

586

584

-513

Insurance and other third-party recoveries

-

-

-

-

-

-

-

59

0

0

-

-

-

Net loss on early extinguishment of debt

-27

7

21

26

0

73

-35

-168

-68

-81

-48

-6

-173

Gain on investment in McMoRan Exploration Co. (MMR)

-

-

-

-

-

-

128

0

0

-

-

-

-

Gains on sales of assets

-

-

-

-

-

-

-

-

-

-

-

-

85

Other income, net

-138

76

-8

-14

1

31

-22

27

58

-13

-53

-9

157

(Loss) income from continuing operations before income taxes and equity in affiliated companies’ net earnings (losses)

306

3,892

2,902

-3,472

-14,128

-800

4,390

5,487

8,818

8,512

5,816

-13,309

6,111

Benefit from (provision for) income taxes

510

991

883

371

-1,951

225

1,340

1,510

3,087

2,983

2,307

-2,844

2,400

Equity in affiliated companies net earnings

12

8

10

11

-3

3

3

3

16

15

25

15

22

Net (loss) income from continuing operations

-192

2,909

2,029

-3,832

-12,180

-1,022

3,053

-

-

-

-

-

3,733

Net gain from discontinued operations

3

-15

66

-193

91

277

388

-

-

-

-

-

46

Net income

-189

2,894

2,095

-4,025

-12,089

-745

3,441

3,980

5,747

5,544

3,534

-10,450

3,779

Net (income) loss attributable to noncontrolling interests:
Income (Loss) from Equity Method Investments

12

8

10

11

-3

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

761

939

1,187

1,208

785

617

802

Continuing operations

50

292

274

227

27

358

576

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest

0

0

4

63

79

165

185

-

-

-

-

-

-

Preferred Stock Dividends and Other Adjustments

-

-

-

-161

41

40

22

0

-

63

-222

-274

-208

Net Income (Loss) Available to Common Stockholders, Basic

-239

2,602

1,817

-4,154

-12,236

-1,308

2,658

3,041

4,560

4,273

2,527

-11,341

2,769

Earnings Per Share, Basic and Diluted [Abstract]
Income (Loss) from Continuing Operations, Per Basic and Diluted Share

-

-

-

-

-11.32

-1.37

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

0.01

0.11

-

-

-

-

-

-

-

Earnings Per Share, Basic and Diluted

-

-

-

-

-11.31

-1.26

-

-

-

-

-

-

-

Earnings Per Share, Basic [Abstract]
Income (Loss) from Continuing Operations, Per Basic Share

-0.17

1.80

1.21

-2.96

-

-

2.45

-

-

-

-

-

8.02

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

0.00

-0.01

0.04

-0.20

-

-

0.20

-

-

-

-

-

0.10

Earnings Per Share, Basic

-0.17

1.79

1.25

-3.16

-

-

2.65

3.20

4.81

4.67

3.05

-14.86

8.12

Diluted net income (loss) per share attributable to common stockholders:
Income (Loss) from Continuing Operations, Per Diluted Share

-0.17

1.79

1.21

-2.96

-

-

2.44

-

-

-

-

-

7.41

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share

0.00

-0.01

0.04

-0.20

-

-

0.20

-

-

-

-

-

0.09

Earnings Per Share, Diluted

-0.17

1.78

1.25

-3.16

-

-

2.64

3.19

4.78

4.57

2.93

-14.86

7.50

Weighted-average common shares outstanding:
Basic and diluted weighted-average shares of common stock outstanding (in shares)

-

-

-

-

-

1,039

-

-

-

-

-

-

-

Basic weighted-average shares of common stock outstanding

1,451

1,449

1,447

1,318

1,082

-

1,002

949

947

915

829

763

341

Diluted weighted-average shares of common shares outstanding

1,451

1,458

1,454

1,318

1,082

-

1,006

954

955

949

938

763

397

Dividends declared per share of common stock (in dollars per share)

0.20

0.20

0.00

0.00

0.26

1.25

2.25

1.25

1.50

1.12

0.07

0.68

1.37