Freeport-McMoran Inc. (FCX)
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About
Business overview of Freeport-McMoran Inc. (FCX)
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2023, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. About 75% of 2023 revenue was from copper, with a further 15% from gold and about 10% from molybdenum. It had about 25 years of copper reserves at end December 2023. we expect it to sell similar amounts of copper midcycle in 2028, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
Key Insights
Critical company metrics and information
Share Price
$42.98Market Cap
$61.76 BillionTotal Outstanding Shares
1.44 Billion SharesTotal Employees
27,200Dividend
$0.075 Per Share QuarterlyIPO Date
August 1, 1995SIC Description
Metal MiningHomepage
https://www.fcx.com
Historical Stock Splits
If you bought 1 share of FCX before February 2, 2011, you'd have 2 shares today.
Execution Date | Split Amount |
---|---|
February 2, 2011 | 2-for-1 |
Cash Flow Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Net Cash Flow From Investing Activities | $-5.17 Billion |
Net Cash Flow From Financing Activities, Continuing | $-2.20 Billion |
Net Cash Flow From Operating Activities | $7.04 Billion |
Net Cash Flow From Financing Activities | $-2.20 Billion |
Net Cash Flow, Continuing | $-323.00 Million |
Net Cash Flow | $-323.00 Million |
Net Cash Flow From Operating Activities, Continuing | $7.04 Billion |
Net Cash Flow From Investing Activities, Continuing | $-5.17 Billion |
Income Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Revenues | $25.64 Billion |
Diluted Average Shares | $1.45 Billion |
Operating Expenses | $848.00 Million |
Operating Income/Loss | $7.34 Billion |
Net Income/Loss Attributable To Parent | $2.00 Billion |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $18.00 Million |
Provision For Loan, Lease, And Other Losses | $0.00 |
Income/Loss Before Equity Method Investments | $7.39 Billion |
Gross Profit | $8.19 Billion |
Net Income/Loss | $4.68 Billion |
Income Tax Expense/Benefit | $2.73 Billion |
Net Income/Loss Attributable To Noncontrolling Interest | $2.68 Billion |
Undistributed Earnings/Loss Allocated To Participating Securities, Basic | $13.00 Million |
Preferred Stock Dividends And Other Adjustments | $0.00 |
Cost Of Revenue | $17.45 Billion |
Selling, General, and Administrative Expenses | $504.00 Million |
Income/Loss From Continuing Operations Before Tax | $7.39 Billion |
Basic Average Shares | $1.44 Billion |
Net Income/Loss Available To Common Stockholders, Basic | $2.00 Billion |
Benefits Costs and Expenses | $18.25 Billion |
Interest Income/Expense Operating, Net | $-346.00 Million |
Interest Income/Expense After Provision For Losses | $-346.00 Million |
Income/Loss From Continuing Operations After Tax | $4.68 Billion |
Income/Loss From Equity Method Investments | $17.00 Million |
Costs And Expenses | $18.30 Billion |
Other Operating Expenses | $344.00 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Noncurrent Assets | $40.85 Billion |
Current Assets | $14.54 Billion |
Current Liabilities | $6.25 Billion |
Liabilities And Equity | $55.40 Billion |
Equity | $28.87 Billion |
Equity Attributable To Noncontrolling Interest | $11.32 Billion |
Liabilities | $26.53 Billion |
Noncurrent Liabilities | $20.29 Billion |
Equity Attributable To Parent | $17.55 Billion |
Other Non-current Liabilities | $10.61 Billion |
Assets | $55.40 Billion |
Long-term Debt | $9.68 Billion |
Fixed Assets | $37.75 Billion |
Other Non-current Assets | $3.10 Billion |
Historical Dividends
Current dividend: $0.075 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Sep 25, 2024 | Nov 1, 2024 | Oct 15, 2024 | $0.075 | Quarterly |
Jun 26, 2024 | Aug 1, 2024 | Jul 15, 2024 | $0.075 | Quarterly |
Mar 27, 2024 | May 1, 2024 | Apr 15, 2024 | $0.075 | Quarterly |
Dec 20, 2023 | Feb 1, 2024 | Jan 12, 2024 | $0.075 | Quarterly |
Sep 20, 2023 | Nov 1, 2023 | Oct 13, 2023 | $0.075 | Quarterly |
Jun 21, 2023 | Aug 1, 2023 | Jul 14, 2023 | $0.075 | Quarterly |
Mar 22, 2023 | May 1, 2023 | Apr 14, 2023 | $0.075 | Quarterly |
Dec 21, 2022 | Feb 1, 2023 | Jan 13, 2023 | $0.075 | Quarterly |
Sep 21, 2022 | Nov 1, 2022 | Oct 14, 2022 | $0.075 | Quarterly |
Jun 22, 2022 | Aug 1, 2022 | Jul 15, 2022 | $0.075 | Quarterly |
Mar 23, 2022 | May 2, 2022 | Apr 14, 2022 | $0.075 | Quarterly |
Dec 22, 2021 | Feb 1, 2022 | Jan 14, 2022 | $0.075 | Quarterly |
Sep 22, 2021 | Nov 1, 2021 | Oct 15, 2021 | $0.075 | Quarterly |
Jun 23, 2021 | Aug 2, 2021 | Jul 15, 2021 | $0.075 | Quarterly |
Mar 24, 2021 | May 3, 2021 | Apr 15, 2021 | $0.075 | Quarterly |
Dec 18, 2019 | Feb 3, 2020 | Jan 15, 2020 | $0.05 | Quarterly |
Sep 25, 2019 | Nov 1, 2019 | Oct 15, 2019 | $0.05 | Quarterly |
Jun 26, 2019 | Aug 1, 2019 | Jul 15, 2019 | $0.05 | Quarterly |
Mar 27, 2019 | May 1, 2019 | Apr 15, 2019 | $0.05 | Quarterly |
Dec 19, 2018 | Feb 1, 2019 | Jan 15, 2019 | $0.05 | Quarterly |
Sep 26, 2018 | Nov 1, 2018 | Oct 15, 2018 | $0.05 | Quarterly |
Jun 27, 2018 | Aug 1, 2018 | Jul 13, 2018 | $0.05 | Quarterly |
Feb 6, 2018 | May 1, 2018 | Apr 13, 2018 | $0.05 | Quarterly |
Sep 30, 2015 | Nov 2, 2015 | Oct 15, 2015 | $0.05 | Quarterly |
Jun 24, 2015 | Aug 3, 2015 | Jul 15, 2015 | $0.05 | Quarterly |
Mar 24, 2015 | May 1, 2015 | Apr 15, 2015 | $0.05 | Quarterly |
Dec 19, 2014 | Feb 2, 2015 | Jan 15, 2015 | $0.3125 | Quarterly |
Sep 24, 2014 | Nov 3, 2014 | Oct 15, 2014 | $0.3125 | Quarterly |
Jun 25, 2014 | Aug 1, 2014 | Jul 15, 2014 | $0.3125 | Quarterly |
Mar 26, 2014 | May 1, 2014 | Apr 15, 2014 | $0.3125 | Quarterly |
Dec 20, 2013 | Feb 3, 2014 | Jan 15, 2014 | $0.3125 | Quarterly |
Sep 25, 2013 | Nov 1, 2013 | Oct 15, 2013 | $0.3125 | Quarterly |
Jun 27, 2013 | Aug 1, 2013 | Jul 15, 2013 | $0.3125 | Quarterly |
Mar 27, 2013 | May 1, 2013 | Apr 15, 2013 | $0.3125 | Quarterly |
Dec 26, 2012 | Feb 1, 2013 | Jan 15, 2013 | $0.3125 | Quarterly |
Sep 26, 2012 | Nov 1, 2012 | Oct 15, 2012 | $0.3125 | Quarterly |
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