2009 Q4 Form 10-K Financial Statement
#000083125911000014 Filed on February 25, 2011
Income Statement
| Concept | 2009 Q4 | 2009 Q3 | 2009 Q1 |
|---|---|---|---|
| Revenue | $4.610B | $4.144B | $2.602B |
| YoY Change | 123.03% | -10.23% | -54.13% |
| Cost Of Revenue | $2.204B | $1.967B | $1.813B |
| YoY Change | -34.05% | -40.68% | -42.26% |
| Gross Profit | $2.406B | $2.177B | $789.0M |
| YoY Change | -288.71% | 67.46% | -68.84% |
| Gross Profit Margin | 52.19% | 52.53% | 30.32% |
| Selling, General & Admin | $96.00M | $74.00M | $62.00M |
| YoY Change | -409.68% | -17.78% | -26.19% |
| % of Gross Profit | 3.99% | 3.4% | 7.86% |
| Research & Development | $17.00M | $19.00M | $30.00M |
| YoY Change | -79.52% | -75.32% | -42.31% |
| % of Gross Profit | 0.71% | 0.87% | 3.8% |
| Depreciation & Amortization | $344.0M | $269.0M | $265.0M |
| YoY Change | -29.8% | -39.55% | -43.13% |
| % of Gross Profit | 14.3% | 12.36% | 33.59% |
| Operating Expenses | $113.0M | $74.00M | $62.00M |
| YoY Change | 117.31% | -17.78% | -54.41% |
| Operating Profit | $2.239B | $2.084B | $672.0M |
| YoY Change | -268.73% | 83.94% | -71.95% |
| Interest Expense | -$135.0M | -$162.0M | -$131.0M |
| YoY Change | -3.57% | 16.55% | -20.61% |
| % of Operating Profit | -6.03% | -7.77% | -19.49% |
| Other Income/Expense, Net | -$29.00M | -$7.000M | -$14.00M |
| YoY Change | 52.63% | -50.0% | -800.0% |
| Pretax Income | $2.058B | $1.884B | $527.0M |
| YoY Change | -111.15% | 92.24% | -76.34% |
| Income Tax | $750.0M | $684.0M | $331.0M |
| % Of Pretax Income | 36.44% | 36.31% | 62.81% |
| Net Earnings | $1.312B | $1.203B | $207.0M |
| YoY Change | -109.47% | 62.13% | -82.55% |
| Net Earnings / Revenue | 28.46% | 29.03% | 7.96% |
| Basic Earnings Per Share | $2.23 | $0.11 | |
| Diluted Earnings Per Share | $1.08 | $1.04 | $0.05 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 416.0M | 400.0M | |
| Diluted Shares Outstanding | 472.0M | 401.0M |
Balance Sheet
| Concept | 2009 Q4 | 2009 Q3 | 2009 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.656B | $2.269B | $644.0M |
| YoY Change | 204.59% | 88.77% | -64.83% |
| Cash & Equivalents | $3.738B | $2.269B | $644.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $104.0M | $365.0M | $280.0M |
| YoY Change | -73.06% | 138.56% | 188.66% |
| Inventory | $2.870B | $2.916B | $2.766B |
| Prepaid Expenses | |||
| Receivables | $1.517B | $1.292B | $880.0M |
| Other Receivables | $286.0M | $564.0M | $830.0M |
| Total Short-Term Assets | $7.433B | $7.406B | $5.400B |
| YoY Change | 42.04% | 14.86% | -23.06% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $16.20B | $16.08B | $16.21B |
| YoY Change | 1.21% | -39.3% | -37.2% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $342.0M | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $700.0M | $448.0M | $1.738B |
| YoY Change | 49.89% | -82.64% | -30.03% |
| Total Long-Term Assets | $18.56B | $18.30B | $18.31B |
| YoY Change | 2.44% | -48.54% | -47.41% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $7.433B | $7.406B | $5.400B |
| Total Long-Term Assets | $18.56B | $18.30B | $18.31B |
| Total Assets | $26.00B | $25.71B | $23.71B |
| YoY Change | 11.32% | -38.81% | -43.32% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.038B | $1.986B | $1.941B |
| YoY Change | -25.13% | -27.49% | -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 | $16.00M | $44.00M | $87.00M |
| YoY Change | -76.12% | 91.3% | 141.67% |
| Total Short-Term Liabilities | $3.002B | $3.157B | $2.648B |
| YoY Change | -4.94% | -10.82% | -21.1% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $6.330B | $6.578B | $7.140B |
| YoY Change | -13.1% | -8.46% | -5.24% |
| Other Long-Term Liabilities | $1.423B | $1.370B | $3.367B |
| YoY Change | -6.38% | -55.33% | 12.76% |
| Total Long-Term Liabilities | $7.753B | $7.948B | $10.51B |
| YoY Change | -11.94% | -22.48% | -0.13% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $3.002B | $3.157B | $2.648B |
| Total Long-Term Liabilities | $7.753B | $7.948B | $10.51B |
| Total Liabilities | $15.24B | $15.77B | $17.06B |
| YoY Change | -6.23% | -28.25% | -24.26% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$5.805B | -$6.711B | |
| YoY Change | -29.78% | ||
| Common Stock | $98.00M | $55.00M | |
| YoY Change | 92.16% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $3.413B | $3.413B | |
| YoY Change | 0.32% | ||
| Treasury Stock Shares | |||
| Shareholders Equity | $9.119B | $8.209B | $6.650B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $26.00B | $25.71B | $23.71B |
| YoY Change | 11.32% | -38.81% | -43.32% |
Cashflow Statement
| Concept | 2009 Q4 | 2009 Q3 | 2009 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $1.312B | $1.203B | $207.0M |
| YoY Change | -109.47% | 62.13% | -82.55% |
| Depreciation, Depletion And Amortization | $344.0M | $269.0M | $265.0M |
| YoY Change | -29.8% | -39.55% | -43.13% |
| Cash From Operating Activities | $1.547B | $1.954B | -$258.0M |
| YoY Change | 669.65% | 26.47% | -141.95% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$449.0M | -$243.0M | -$519.0M |
| YoY Change | -42.36% | -68.28% | 2.17% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$6.000M | -$8.000M | -$3.000M |
| YoY Change | -101.81% | -366.67% | -114.29% |
| Cash From Investing Activities | -$455.0M | -$251.0M | -$516.0M |
| YoY Change | 1.79% | -67.1% | 5.95% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $740.0M | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -705.0M | -753.0M | 546.0M |
| YoY Change | 739.29% | -38.68% | 609.09% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.547B | 1.954B | -258.0M |
| Cash From Investing Activities | -455.0M | -251.0M | -516.0M |
| Cash From Financing Activities | -705.0M | -753.0M | 546.0M |
| Net Change In Cash | 387.0M | 950.0M | -228.0M |
| YoY Change | -217.27% | -313.0% | -211.22% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.547B | $1.954B | -$258.0M |
| Capital Expenditures | -$449.0M | -$243.0M | -$519.0M |
| Free Cash Flow | $1.996B | $2.197B | $261.0M |
| YoY Change | 103.67% | -4.93% | -76.76% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
915000000 | |
| CY2008 | fcx |
Assumed Conversion Of Convertible Perpetual Preferred Stock Dividends
AssumedConversionOfConvertiblePerpetualPreferredStockDividends
|
0 | |
| CY2009 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
829000000 | |
| CY2008 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
763000000 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Municipal Bonds Trust Assets
FairValueAssetsMeasuredOnRecurringBasisMunicipalBondsTrustAssets
|
1000000 | |
| CY2010Q4 | fcx |
Pension Other Postretirement Postemployment Benefit Plans And Employee Benefits Liabilities Current
PensionOtherPostretirementPostemploymentBenefitPlansAndEmployeeBenefitsLiabilitiesCurrent
|
156000000 | |
| CY2009Q4 | fcx |
Pension Other Postretirement Postemployment Benefit Plans And Employee Benefits Liabilities Current
PensionOtherPostretirementPostemploymentBenefitPlansAndEmployeeBenefitsLiabilitiesCurrent
|
127000000 | |
| CY2010 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.67 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Equity Securities Available For Sale Securities
FairValueAssetsMeasuredOnRecurringBasisEquitySecuritiesAvailableForSaleSecurities
|
9000000 | |
| CY2009 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.05 | |
| CY2009Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
672000000 | |
| CY2008 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-14.86 | |
| CY2009Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2239000000 | |
| CY2009 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
6503000000 | |
| CY2008 | fcx |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Adjustment For Impairment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentAdjustmentForImpairment
|
-1583000000 | |
| CY2010Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1 | |
| CY2010Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.7 | |
| CY2010Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.63 | |
| CY2009Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | |
| CY2009Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.04 | |
| CY2009Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.08 | |
| CY2010 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.57 | |
| CY2009 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.93 | |
| CY2008 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-14.86 | |
| CY2008 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | |
| CY2010Q4 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
1169000000 | |
| CY2009Q4 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
1093000000 | |
| CY2010 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.125 | |
| CY2009 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.075 | |
| CY2008 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.6875 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Government Bonds And Notes Trust Assets
FairValueAssetsMeasuredOnRecurringBasisGovernmentBondsAndNotesTrustAssets
|
10000000 | |
| CY2010 | fcx |
Incremental Common Shares Attributable To Conversion Of Mandatory Convertible Preferred Stock
IncrementalCommonSharesAttributableToConversionOfMandatoryConvertiblePreferredStock
|
26000000 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Money Market Funds Available For Sale Securities
FairValueAssetsMeasuredOnRecurringBasisMoneyMarketFundsAvailableForSaleSecurities
|
6000000 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Total Trust Assets
FairValueAssetsMeasuredOnRecurringBasisTotalTrustAssets
|
148000000 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Asset Backed Securities Trust Assets
FairValueAssetsMeasuredOnRecurringBasisAssetBackedSecuritiesTrustAssets
|
22000000 | |
| CY2009 | fcx |
Incremental Common Shares Attributable To Conversion Of Mandatory Convertible Preferred Stock
IncrementalCommonSharesAttributableToConversionOfMandatoryConvertiblePreferredStock
|
79000000 | |
| CY2008 | fcx |
Incremental Common Shares Attributable To Conversion Of Mandatory Convertible Preferred Stock
IncrementalCommonSharesAttributableToConversionOfMandatoryConvertiblePreferredStock
|
0 | |
| CY2009Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
43000000 | |
| CY2010 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
4273000000 | |
| CY2009Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
113000000 | |
| CY2009 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2527000000 | |
| CY2010Q4 | fcx |
Trust Assets
TrustAssets
|
140000000 | |
| CY2009Q4 | fcx |
Trust Assets
TrustAssets
|
140000000 | |
| CY2010 | fcx |
Assumed Conversion Of Convertible Perpetual Preferred Stock Dividends
AssumedConversionOfConvertiblePerpetualPreferredStockDividends
|
0 | |
| CY2009 | fcx |
Assumed Conversion Of Convertible Perpetual Preferred Stock Dividends
AssumedConversionOfConvertiblePerpetualPreferredStockDividends
|
28000000 | |
| CY2010Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1215000000 | |
| CY2010Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
92000000 | |
| CY2008 | fcx |
Asset Impairment Charges Net
AssetImpairmentChargesNet
|
10748000000 | |
| CY2010Q4 | fcx |
Cost Basis Investments1
CostBasisInvestments1
|
500000000 | |
| CY2009Q4 | fcx |
Cost Basis Investments1
CostBasisInvestments1
|
0 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Time Deposits Available For Sale Securities
FairValueAssetsMeasuredOnRecurringBasisTimeDepositsAvailableForSaleSecurities
|
19000000 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Corporate Bonds Trust Assets
FairValueAssetsMeasuredOnRecurringBasisCorporateBondsTrustAssets
|
23000000 | |
| CY2010Q4 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
1074000000 | |
| CY2009Q4 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
950000000 | |
| CY2010Q4 | fcx |
Mill Stockpiles Long Term
MillStockpilesLongTerm
|
470000000 | |
| CY2009Q4 | fcx |
Mill Stockpiles Long Term
MillStockpilesLongTerm
|
442000000 | |
| CY2010Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
897000000 | |
| CY2010Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
649000000 | |
| CY2010Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1549000000 | |
| CY2010Q2 | us-gaap |
Profit Loss
ProfitLoss
|
832000000 | |
| CY2010Q4 | us-gaap |
Profit Loss
ProfitLoss
|
1964000000 | |
| CY2009Q3 | us-gaap |
Profit Loss
ProfitLoss
|
1203000000 | |
| CY2009Q4 | us-gaap |
Profit Loss
ProfitLoss
|
1312000000 | |
| CY2010 | us-gaap |
Profit Loss
ProfitLoss
|
5544000000 | |
| CY2009 | us-gaap |
Profit Loss
ProfitLoss
|
3534000000 | |
| CY2010Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
18751000000 | |
| CY2009Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
15637000000 | |
| CY2009 | fcx |
Incremental Common Shares Attributable To Conversion Of Convertible Perpetual Preferred Stock
IncrementalCommonSharesAttributableToConversionOfConvertiblePerpetualPreferredStock
|
25000000 | |
| CY2008 | fcx |
Incremental Common Shares Attributable To Conversion Of Convertible Perpetual Preferred Stock
IncrementalCommonSharesAttributableToConversionOfConvertiblePerpetualPreferredStock
|
0 | |
| CY2010Q4 | fcx |
Leach Stockpiles Long Term
LeachStockpilesLongTerm
|
955000000 | |
| CY2009Q4 | fcx |
Leach Stockpiles Long Term
LeachStockpilesLongTerm
|
879000000 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Money Market Funds Trust Assets
FairValueAssetsMeasuredOnRecurringBasisMoneyMarketFundsTrustAssets
|
15000000 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Us Core Fixed Income Fund Trust Assets
FairValueAssetsMeasuredOnRecurringBasisUsCoreFixedIncomeFundTrustAssets
|
42000000 | |
| CY2010 | fcx |
Assumed Conversion Of Mandatory Convertible Preferred Stock Dividends
AssumedConversionOfMandatoryConvertiblePreferredStockDividends
|
63000000 | |
| CY2009 | fcx |
Assumed Conversion Of Mandatory Convertible Preferred Stock Dividends
AssumedConversionOfMandatoryConvertiblePreferredStockDividends
|
194000000 | |
| CY2008 | fcx |
Assumed Conversion Of Mandatory Convertible Preferred Stock Dividends
AssumedConversionOfMandatoryConvertiblePreferredStockDividends
|
0 | |
| CY2008 | fcx |
Asset Impairment Charges Gross
AssetImpairmentChargesGross
|
12331000000 | |
| CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
949000000 | |
| CY2009 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
938000000 | |
| CY2008 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
763000000 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Government Mortgage Backed Securities Trust Assets
FairValueAssetsMeasuredOnRecurringBasisGovernmentMortgageBackedSecuritiesTrustAssets
|
35000000 | |
| CY2008 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
0 | |
| CY2010Q4 | us-gaap |
Entity Wide Disclosure On Geographic Areas Long Lived Assets In Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesAmount
|
19205000000 | |
| CY2009Q4 | us-gaap |
Entity Wide Disclosure On Geographic Areas Long Lived Assets In Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesAmount
|
18090000000 | |
| CY2008Q4 | us-gaap |
Entity Wide Disclosure On Geographic Areas Long Lived Assets In Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesAmount
|
17756000000 | |
| CY2010Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
107000000 | |
| CY2009Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
98000000 | |
| CY2010Q4 | fcx |
Long Term Mill And Leach Stockpiles
LongTermMillAndLeachStockpiles
|
1425000000 | |
| CY2009Q4 | fcx |
Long Term Mill And Leach Stockpiles
LongTermMillAndLeachStockpiles
|
1321000000 | |
| CY2009 | fcx |
Restructuring Reserve Expense On Prior Period Program
RestructuringReserveExpenseOnPriorPeriodProgram
|
12000000 | |
| CY2010Q4 | fcx |
Fair Value Assets Measured On Recurring Basis Total Available For Sale Securities
FairValueAssetsMeasuredOnRecurringBasisTotalAvailableForSaleSecurities
|
34000000 | |
| CY2009Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
925000000 | |
| CY2009Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
971000000 | |
| CY2010 | fcx |
Incremental Common Shares Attributable To Conversion Of Convertible Perpetual Preferred Stock
IncrementalCommonSharesAttributableToConversionOfConvertiblePerpetualPreferredStock
|
0 |
