$FCX
FREEPORT-MCMORAN INC

2010 Q1 Form 10-Q Financial Statement

#000083125910000029 Filed on May 07, 2010

View on sec.gov

Income Statement

Concept 2010 Q1 2009 Q4 2009 Q1
Revenue $4.363B $4.610B $2.602B
YoY Change 67.68% 123.03% -54.13%
Cost Of Revenue $2.189B $2.204B $1.813B
YoY Change 20.74% -34.05% -42.26%
Gross Profit $2.174B $2.406B $789.0M
YoY Change 175.54% -288.71% -68.84%
Gross Profit Margin 49.83% 52.19% 30.32%
Selling, General & Admin $95.00M $96.00M $62.00M
YoY Change 53.23% -409.68% -26.19%
% of Gross Profit 4.37% 3.99% 7.86%
Research & Development $31.00M $17.00M $30.00M
YoY Change 3.33% -79.52% -42.31%
% of Gross Profit 1.43% 0.71% 3.8%
Depreciation & Amortization $271.0M $344.0M $265.0M
YoY Change 2.26% -29.8% -43.13%
% of Gross Profit 12.47% 14.3% 33.59%
Operating Expenses $95.00M $113.0M $62.00M
YoY Change 53.23% 117.31% -54.41%
Operating Profit $2.048B $2.239B $672.0M
YoY Change 204.76% -268.73% -71.95%
Interest Expense -$145.0M -$135.0M -$131.0M
YoY Change 10.69% -3.57% -20.61%
% of Operating Profit -7.08% -6.03% -19.49%
Other Income/Expense, Net $12.00M -$29.00M -$14.00M
YoY Change -185.71% 52.63% -800.0%
Pretax Income $1.888B $2.058B $527.0M
YoY Change 258.25% -111.15% -76.34%
Income Tax $678.0M $750.0M $331.0M
% Of Pretax Income 35.91% 36.44% 62.81%
Net Earnings $1.215B $1.312B $207.0M
YoY Change 486.96% -109.47% -82.55%
Net Earnings / Revenue 27.85% 28.46% 7.96%
Basic Earnings Per Share $1.04 $0.11
Diluted Earnings Per Share $1.00 $1.08 $0.05
COMMON SHARES
Basic Shares Outstanding 431.0M 400.0M
Diluted Shares Outstanding 473.0M 401.0M

Balance Sheet

Concept 2010 Q1 2009 Q4 2009 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.752B $2.656B $644.0M
YoY Change 482.61% 204.59% -64.83%
Cash & Equivalents $3.752B $3.738B $644.0M
Short-Term Investments
Other Short-Term Assets $110.0M $104.0M $280.0M
YoY Change -60.71% -73.06% 188.66%
Inventory $2.971B $2.870B $2.766B
Prepaid Expenses
Receivables $1.498B $1.517B $880.0M
Other Receivables $235.0M $286.0M $830.0M
Total Short-Term Assets $8.566B $7.433B $5.400B
YoY Change 58.63% 42.04% -23.06%
LONG-TERM ASSETS
Property, Plant & Equipment $16.18B $16.20B $16.21B
YoY Change -0.22% 1.21% -37.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $716.0M $700.0M $1.738B
YoY Change -58.8% 49.89% -30.03%
Total Long-Term Assets $18.55B $18.56B $18.31B
YoY Change 1.31% 2.44% -47.41%
TOTAL ASSETS
Total Short-Term Assets $8.566B $7.433B $5.400B
Total Long-Term Assets $18.55B $18.56B $18.31B
Total Assets $27.11B $26.00B $23.71B
YoY Change 14.36% 11.32% -43.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.133B $2.038B $1.941B
YoY Change 9.89% -25.13% -13.43%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.017B $16.00M $87.00M
YoY Change 1068.97% -76.12% 141.67%
Total Short-Term Liabilities $4.307B $3.002B $2.648B
YoY Change 62.65% -4.94% -21.1%
LONG-TERM LIABILITIES
Long-Term Debt $5.048B $6.330B $7.140B
YoY Change -29.3% -13.1% -5.24%
Other Long-Term Liabilities $1.397B $1.423B $3.367B
YoY Change -58.51% -6.38% 12.76%
Total Long-Term Liabilities $6.445B $7.753B $10.51B
YoY Change -38.66% -11.94% -0.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.307B $3.002B $2.648B
Total Long-Term Liabilities $6.445B $7.753B $10.51B
Total Liabilities $15.28B $15.24B $17.06B
YoY Change -10.42% -6.23% -24.26%
SHAREHOLDERS EQUITY
Retained Earnings -$4.973B -$5.805B
YoY Change -29.78%
Common Stock $55.00M $98.00M
YoY Change 92.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.432B $3.413B
YoY Change 0.32%
Treasury Stock Shares
Shareholders Equity $9.992B $9.119B $6.650B
YoY Change
Total Liabilities & Shareholders Equity $27.11B $26.00B $23.71B
YoY Change 14.36% 11.32% -43.32%

Cashflow Statement

Concept 2010 Q1 2009 Q4 2009 Q1
OPERATING ACTIVITIES
Net Income $1.215B $1.312B $207.0M
YoY Change 486.96% -109.47% -82.55%
Depreciation, Depletion And Amortization $271.0M $344.0M $265.0M
YoY Change 2.26% -29.8% -43.13%
Cash From Operating Activities $1.818B $1.547B -$258.0M
YoY Change -804.65% 669.65% -141.95%
INVESTING ACTIVITIES
Capital Expenditures -$231.0M -$449.0M -$519.0M
YoY Change -55.49% -42.36% 2.17%
Acquisitions
YoY Change
Other Investing Activities -$2.000M -$6.000M -$3.000M
YoY Change -33.33% -101.81% -114.29%
Cash From Investing Activities -$229.0M -$455.0M -$516.0M
YoY Change -55.62% 1.79% 5.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $740.0M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -493.0M -705.0M 546.0M
YoY Change -190.29% 739.29% 609.09%
NET CHANGE
Cash From Operating Activities 1.818B 1.547B -258.0M
Cash From Investing Activities -229.0M -455.0M -516.0M
Cash From Financing Activities -493.0M -705.0M 546.0M
Net Change In Cash 1.096B 387.0M -228.0M
YoY Change -580.7% -217.27% -211.22%
FREE CASH FLOW
Cash From Operating Activities $1.818B $1.547B -$258.0M
Capital Expenditures -$231.0M -$449.0M -$519.0M
Free Cash Flow $2.049B $1.996B $261.0M
YoY Change 685.06% 103.67% -76.76%

Facts In Submission

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CY2009Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2010Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
27113000000
CY2009Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
25996000000
CY2010Q1 fcx Other Accounts Receivable
OtherAccountsReceivable
235000000
CY2009Q4 fcx Other Accounts Receivable
OtherAccountsReceivable
286000000
CY2010Q1 fcx Exercised Stock Options Issued Restricted Stock And Other Value
ExercisedStockOptionsIssuedRestrictedStockAndOtherValue
9000000
CY2010Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2000000
CY2009Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3000000
CY2010Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
678000000
CY2009Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
331000000
CY2009Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-273000000
CY2010Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2513000000
CY2009Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2503000000
CY2010Q1 us-gaap Liabilities Current
LiabilitiesCurrent
4307000000
CY2009Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3002000000

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0000831259-10-000029-index-headers.html Edgar Link pending
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0000831259-10-000029.txt Edgar Link pending
0000831259-10-000029-xbrl.zip Edgar Link pending
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ex15-1.htm Edgar Link pending
ex31-1.htm Edgar Link pending
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ex32-2.htm Edgar Link pending
fcx-20100331.xml Edgar Link completed
fcx-20100331.xsd Edgar Link pending
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fcx-20100331_def.xml Edgar Link unprocessable
fcx-20100331_lab.xml Edgar Link unprocessable
fcx-20100331_pre.xml Edgar Link unprocessable
fcx1q10_10q.htm Edgar Link pending
fcx_logo.jpg Edgar Link pending
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Financial_Report.xls Edgar Link pending
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molymarketschart.jpg Edgar Link pending
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