Freeport-McMoRan Inc. (VIE: FCX)

Freeport-McMoRan Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	25,640	22,855	22,780	22,845	14,198	14,402
Revenue Growth (YoY)	12.91%	0.33%	-0.28%	60.90%	-1.42%	-22.69%
Cost of Revenue	15,057	13,627	13,070	11,940	10,127	11,713
Gross Profit	10,583	9,228	9,710	10,905	4,071	2,689
Selling, General & Admin	545	520	444	376	391	447
Other Operating Expenses	195	319	77	91	29	105
Operating Expenses	3,182	3,044	2,655	2,520	1,998	2,068
Operating Income	7,401	6,184	7,055	8,385	2,073	621
Interest Expense	-418	-515	-555	-559	-563	-542
Earnings From Equity Investments	17	15	31	5	12	12
Currency Exchange Gain (Loss)	20	20	9	66	34	24
Other Non Operating Income (Expenses)	350	307	146	-178	46	-109
EBT Excluding Unusual Items	7,370	6,011	6,686	7,719	1,602	6
Gain (Loss) on Sale of Assets	-	-	2	80	473	417
Legal Settlements	143	-	27	-43	-165	-78
Other Unusual Items	-101	10	31	-92	-101	-27
Pretax Income	7,412	6,021	6,746	7,664	1,809	318
Income Tax Expense	2,727	2,270	2,267	2,299	944	510
Earnings From Continuing Operations	4,685	3,751	4,479	5,365	865	-192
Earnings From Discontinued Operations	-	-	-	-	-	3
Net Income to Company	4,685	3,751	4,479	5,365	865	-189
Minority Interest in Earnings	-2,682	-1,903	-1,011	-1,059	-266	-50
Net Income	2,003	1,848	3,468	4,306	599	-239
Preferred Dividends & Other Adjustments	7	6	7	7	3	3
Net Income to Common	1,996	1,842	3,461	4,299	596	-242
Net Income Growth	-7.14%	-46.71%	-19.46%	618.86%	-	-
Shares Outstanding (Basic)	1,437	1,434	1,441	1,466	1,453	1,451
Shares Outstanding (Diluted)	1,445	1,443	1,451	1,482	1,461	1,451
Shares Change (YoY)	0.17%	-0.55%	-2.09%	1.44%	0.69%	-0.48%
EPS (Basic)	1.39	1.28	2.40	2.93	0.41	-0.17
EPS (Diluted)	1.38	1.28	2.39	2.90	0.41	-0.17
EPS Growth	-7.90%	-46.44%	-17.59%	607.32%	-	-
Free Cash Flow	1,916	455	1,670	5,600	1,056	-1,170
Free Cash Flow Per Share	1.33	0.32	1.15	3.78	0.72	-0.81
Dividend Per Share	0.600	0.600	0.600	0.375	-	0.200
Dividend Growth	0%	0%	60.00%	-	-	0%
Gross Margin	41.28%	40.38%	42.63%	47.73%	28.67%	18.67%
Operating Margin	28.87%	27.06%	30.97%	36.70%	14.60%	4.31%
Profit Margin	7.78%	8.06%	15.19%	18.82%	4.20%	-1.68%
Free Cash Flow Margin	7.47%	1.99%	7.33%	24.51%	7.44%	-8.12%
EBITDA	9,900	8,458	9,318	10,599	3,834	2,253
EBITDA Margin	38.61%	37.01%	40.90%	46.40%	27.00%	15.64%
D&A For EBITDA	2,499	2,274	2,263	2,214	1,761	1,632
EBIT	7,401	6,184	7,055	8,385	2,073	621
EBIT Margin	28.86%	27.06%	30.97%	36.70%	14.60%	4.31%
Effective Tax Rate	36.79%	37.70%	33.60%	30.00%	52.18%	160.38%

Source: S&P Capital IQ. Standard template. Financial Sources.