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
$42.07Market Cap
$60.45 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 Financing Activities | $-2.20 Billion |
Net Cash Flow | $-323.00 Million |
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, Continuing | $7.04 Billion |
Net Cash Flow From Investing Activities, Continuing | $-5.17 Billion |
Net Cash Flow From Operating Activities | $7.04 Billion |
Net Cash Flow, Continuing | $-323.00 Million |
Income Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Interest Income/Expense Operating, Net | $-346.00 Million |
Revenues | $25.64 Billion |
Cost Of Revenue | $17.45 Billion |
Net Income/Loss Available To Common Stockholders, Basic | $2.00 Billion |
Operating Income/Loss | $7.34 Billion |
Basic Average Shares | $4.31 Billion |
Income Tax Expense/Benefit | $2.73 Billion |
Provision For Loan, Lease, And Other Losses | $0.00 |
Income/Loss From Continuing Operations After Tax | $4.68 Billion |
Other Operating Expenses | $344.00 Million |
Income/Loss From Continuing Operations Before Tax | $7.39 Billion |
Preferred Stock Dividends And Other Adjustments | $0.00 |
Income/Loss Before Equity Method Investments | $7.39 Billion |
Income/Loss From Equity Method Investments | $17.00 Million |
Net Income/Loss Attributable To Noncontrolling Interest | $2.68 Billion |
Operating Expenses | $848.00 Million |
Gross Profit | $8.19 Billion |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $18.00 Million |
Selling, General, and Administrative Expenses | $504.00 Million |
Benefits Costs and Expenses | $18.25 Billion |
Undistributed Earnings/Loss Allocated To Participating Securities, Basic | $7.00 Million |
Net Income/Loss | $4.68 Billion |
Diluted Average Shares | $1.45 Billion |
Interest Income/Expense After Provision For Losses | $-346.00 Million |
Costs And Expenses | $18.30 Billion |
Net Income/Loss Attributable To Parent | $2.00 Billion |
Balance Sheet
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Fixed Assets | $37.75 Billion |
Long-term Debt | $9.68 Billion |
Assets | $55.40 Billion |
Equity Attributable To Parent | $17.55 Billion |
Current Liabilities | $6.25 Billion |
Equity | $28.87 Billion |
Other Non-current Liabilities | $10.61 Billion |
Other Non-current Assets | $3.10 Billion |
Liabilities And Equity | $55.40 Billion |
Current Assets | $14.54 Billion |
Equity Attributable To Noncontrolling Interest | $11.32 Billion |
Noncurrent Liabilities | $20.29 Billion |
Noncurrent Assets | $40.85 Billion |
Liabilities | $26.53 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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