Freeport-mcmoran inc. (FCX)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Mar'08
Revenues

2,798

3,911

3,153

3,546

3,792

3,684

4,908

5,168

4,868

5,041

4,310

3,711

3,341

4,377

3,877

3,334

3,242

3,516

3,382

3,938

3,771

3,798

5,696

5,522

4,985

4,295

6,165

4,288

4,583

4,513

4,417

4,475

4,605

4,162

5,195

5,814

5,709

5,603

5,152

3,864

4,363

4,610

4,144

3,684

2,602

4,616

5,672

Cost of sales:
Production and delivery

2,545

-

-

-

2,919

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production and delivery

-

-

2,665

3,002

-

2,895

3,069

2,915

2,808

2,796

2,794

2,480

2,188

2,703

2,529

2,956

2,499

2,768

2,595

2,651

2,679

2,145

3,152

3,082

2,737

2,174

3,332

2,853

2,719

2,740

2,592

2,622

2,428

2,394

2,570

2,557

2,377

2,099

2,266

2,052

1,918

1,920

1,715

1,809

1,562

2,857

2,721

Depreciation, depletion and amortization

341

391

322

352

347

403

458

442

451

457

418

450

389

593

643

632

662

718

823

833

866

711

945

1,013

966

773

919

530

329

323

298

291

267

266

257

267

232

248

268

249

271

274

252

256

232

442

418

Impairment of Oil and Gas Properties

-

-

-

-

-

-

-

-

-

-

-

-

-

0

239

291

3,787

3,702

3,652

2,686

3,104

3,429

308

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Metals inventory adjustments

222

-

41

2

57

-

0

2

0

-

-

-

-

-

-

-

-

-

91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

19

17

1

Total cost of sales

3,108

3,400

3,028

3,354

3,323

3,302

3,527

3,357

3,259

3,261

3,212

2,930

2,577

3,296

3,411

3,879

6,948

7,435

7,161

6,170

6,649

6,291

4,405

4,095

3,703

2,950

4,251

3,383

3,048

3,063

2,890

2,913

2,695

2,660

2,827

2,824

2,609

2,347

2,534

2,301

2,189

2,175

1,967

2,065

1,813

3,316

3,140

Selling, general and administrative expenses

110

99

106

97

112

102

101

109

131

115

104

107

151

189

110

160

138

137

122

148

151

123

158

164

135

188

158

186

113

120

110

97

104

92

102

107

114

104

81

101

95

96

74

89

62

90

84

Mining exploration and research expenses

16

21

25

31

27

33

27

24

21

33

27

19

14

17

13

15

18

24

26

30

27

13

29

34

30

-5

57

64

52

71

79

73

62

77

78

66

50

39

35

38

31

17

19

24

30

77

52

Environmental obligations and shutdown costs

26

20

20

23

42

13

8

59

9

168

72

-21

25

-4

-3

11

10

17

37

11

13

19

18

76

6

43

-8

16

15

-40

-73

81

10

36

38

60

0

-

3

0

-

-

-

-

-

-

-

Restructuring and other charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2

25

0

0

Net loss (gain) on sales of assets

-11

404

-12

-8

33

82

70

45

11

15

33

10

23

-113

13

749

0

0

0

0

39

671

46

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

3,271

3,136

3,191

3,513

3,471

3,368

3,593

3,504

3,409

3,562

3,382

3,025

2,744

3,611

3,518

3,316

7,114

7,613

7,346

6,359

6,801

7,492

4,564

4,369

3,874

3,176

4,458

3,649

3,228

3,155

3,006

3,164

2,871

2,865

3,045

3,057

2,773

2,506

2,653

2,440

2,315

2,371

2,060

2,176

1,930

3,483

3,276

Operating (loss) income

-473

775

-38

33

321

316

1,315

1,664

1,459

1,479

928

686

597

766

359

18

-3,872

-4,097

-3,964

-2,421

-3,030

-3,694

1,132

1,153

1,111

1,119

1,707

639

1,355

1,358

1,411

1,311

1,734

1,297

2,150

2,757

2,936

3,097

2,499

1,424

2,048

2,239

2,084

1,508

672

1,133

2,396

Interest expense, net

-127

-219

-123

-132

-146

-509

-143

-142

-151

-168

-304

-162

-167

-181

-187

-196

-191

-1,055

157

142

139

-1,089

158

164

161

150

162

132

57

38

42

43

63

62

78

74

98

92

103

122

145

397

162

158

-131

-139

-165

Insurance and other third-party recoveries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss on early extinguishment of debt

-32

0

-21

0

-6

-1

0

9

-1

-

11

-4

-

-

15

39

-

-

0

0

-

-

58

5

-

10

0

0

-45

0

0

0

-168

0

0

-61

-7

-4

0

-50

-27

-17

-31

0

0

0

-6

Gain on investment in McMoRan Exploration Co. (MMR)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

128

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

20

-190

33

5

14

13

14

20

29

0

-9

-7

8

-65

-10

25

36

-1

-41

36

7

-17

23

-8

33

-35

3

13

-3

4

-15

51

-13

18

28

2

10

-15

-19

9

12

-29

-7

-3

-14

-14

2

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

-612

366

-149

-94

183

-181

1,186

1,551

1,336

1,325

626

513

438

492

177

-114

-4,027

-4,277

-4,162

-2,527

-3,162

-3,824

1,055

986

983

944

1,548

648

1,250

1,324

1,354

1,319

1,490

1,253

2,100

2,624

2,841

2,986

2,377

1,261

1,888

2,058

1,884

1,347

527

980

2,227

Benefit from (provision for) income taxes

-60

329

91

-15

105

-552

522

515

506

136

387

186

174

292

-114

116

77

-189

-349

-699

-714

-809

349

328

357

373

499

40

428

382

215

422

491

389

808

906

984

1,027

845

433

678

750

684

542

331

240

-729

Equity in affiliated companies net earnings

3

5

5

5

-3

3

4

3

-2

4

3

-1

4

2

1

1

7

-2

-2

0

1

3

-2

2

0

0

-1

2

2

3

1

-3

2

2

2

8

4

5

1

4

5

4

3

7

11

2

7

Net (loss) income from continuing operations

-549

42

-235

-74

75

374

668

1,039

828

1,193

242

326

268

202

292

-229

-4,097

-4,090

-3,815

-1,828

-2,447

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain from discontinued operations

0

1

1

0

1

4

-4

-4

-11

16

3

9

38

-2

-6

-181

-4

-4

25

29

41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-549

43

-234

-74

76

378

664

1,035

817

1,209

245

335

306

200

286

-410

-4,101

-4,094

-3,790

-1,799

-2,406

-2,735

704

660

626

959

1,048

610

824

945

1,140

894

1,001

866

1,294

1,726

1,861

1,964

1,533

832

1,215

1,312

1,203

812

207

742

1,505

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

3

5

5

5

-3

3

4

3

-2

4

3

-1

4

-

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142

168

106

242

218

125

176

202

316

184

237

226

241

358

362

415

355

168

270

293

224

164

104

155

-319

Continuing operations

-58

34

-27

-2

45

-107

108

166

125

168

-35

66

75

81

37

47

62

-34

13

16

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

0

0

1

3

19

22

12

10

11

16

26

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred Stock Dividends and Other Adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-192

10

10

11

10

11

10

10

10

10

10

10

10

9

3

0

-

-

-

-

-

-

-

-

0

0

15

48

-396

54

60

60

64

-64

Net Income (Loss) Available to Common Stockholders, Basic

-491

9

-207

-72

31

485

556

869

692

1,041

280

268

228

292

217

-479

-4,184

-4,081

-3,830

-1,851

-2,474

-2,852

552

482

510

707

821

482

648

743

824

710

764

640

1,053

1,368

1,499

1,549

1,178

649

897

971

925

588

43

523

1,122

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

-0.34

-

-

-

0.02

-

-

-

0.48

-

-

-

0.13

-

0.18

-0.23

-3.34

-

-

-

-2.40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

0.00

-

-

-

0.00

-

-

-

-0.01

-

-

-

0.03

-

-0.02

-0.15

-0.01

-

-

-

0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic and Diluted

-0.34

-

-

-

0.02

-

-

-

0.47

-

-

-

0.16

-

0.16

-0.38

-3.35

-

-

-

-2.38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-0.15

-0.05

-

-

0.38

0.60

-

-

0.19

0.18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

0.00

0.00

-

-

0.00

0.00

-

-

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic

-

-

-0.15

-0.05

-

-

0.38

0.60

-

-

0.19

0.18

-

-

-

-

-

-

-

-

-

-

0.53

0.46

0.49

0.69

0.79

0.49

0.68

0.77

0.87

0.75

0.81

0.68

1.11

1.44

1.58

1.67

1.25

0.71

1.04

-0.72

2.23

1.43

0.11

1.37

2.93

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

-

-

-0.15

-0.05

-

-

0.38

0.59

-

-

0.19

0.18

-

-

-

-

-

-

-3.59

-1.78

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

0.00

0.00

-

-

0.00

0.00

-

-

0.00

0.00

-

-

-

-

-

-

0.01

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Diluted

-

-

-0.15

-0.05

-

-

0.38

0.59

-

-

0.19

0.18

-

-

-

-

-

-

-3.58

-1.78

-

-

0.53

0.46

0.49

0.68

0.79

0.49

0.68

0.79

0.86

0.74

0.80

0.68

1.10

1.43

1.57

1.63

1.24

0.70

1.00

-0.63

2.07

1.38

0.11

1.31

2.64

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,040

1,040

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic weighted-average shares of common stock outstanding

1,452

1,450

1,452

1,451

1,451

1,448

1,450

1,449

1,449

1,447

1,448

1,447

1,446

1,406

1,346

1,269

1,251

-

1,071

-

-

-

1,039

1,039

1,038

1,040

1,038

980

950

949

949

949

949

947

948

947

946

943

941

915

861

2,499

416

0

400

382

383

Diluted weighted-average shares of common shares outstanding

1,452

1,444

1,452

1,451

1,457

1,458

1,458

1,458

1,458

1,455

1,454

1,453

1,454

1,401

1,351

1,269

1,251

-

1,071

-

-

-

1,046

1,045

1,044

1,044

1,043

984

953

955

953

953

955

954

955

956

955

955

947

947

947

2,878

472

0

401

447

449

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

0.00

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.00

0.00

0.00

0.00

-

-

-

-

0.00

0.05

0.16

0.05

0.31

0.31

0.31

0.31

0.31

0.31

1.31

0.31

0.31

0.31

0.31

0.31

0.25

0.25

0.75

0.25

0.75

0.15

0.15

0.07

0.07

0.00

0.00

0.00

0.50

0.43