2012 Q4 Form 10-Q Financial Statement

#000083125912000040 Filed on November 02, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $4.513B $4.417B $5.195B
YoY Change 8.43% -14.98% 0.83%
Cost Of Revenue $3.063B $2.890B $2.827B
YoY Change 15.15% 2.23% 11.56%
Gross Profit $1.450B $1.527B $2.368B
YoY Change -3.46% -35.52% -9.55%
Gross Profit Margin 32.13% 34.57% 45.58%
Selling, General & Admin $120.0M $110.0M $102.0M
YoY Change 30.43% 7.84% 25.93%
% of Gross Profit 8.28% 7.2% 4.31%
Research & Development $71.00M $79.00M $78.00M
YoY Change -7.79% 1.28% 122.86%
% of Gross Profit 4.9% 5.17% 3.29%
Depreciation & Amortization $323.0M $298.0M $257.0M
YoY Change 21.43% 15.95% -14.62%
% of Gross Profit 22.28% 19.52% 10.85%
Operating Expenses $151.0M $110.0M $102.0M
YoY Change -26.34% 7.84% 25.93%
Operating Profit $1.358B $1.411B $2.150B
YoY Change 4.7% -34.37% -13.97%
Interest Expense -$38.00M -$42.00M $78.00M
YoY Change -38.71% -153.85% -24.27%
% of Operating Profit -2.8% -2.98% 3.63%
Other Income/Expense, Net $4.000M -$15.00M $28.00M
YoY Change -77.78% -153.57% -247.37%
Pretax Income $1.324B $1.354B $2.100B
YoY Change 5.67% -35.52% -11.65%
Income Tax $382.0M $215.0M $808.0M
% Of Pretax Income 28.85% 15.88% 38.48%
Net Earnings $945.0M $1.140B $1.294B
YoY Change 9.12% -11.9% -15.59%
Net Earnings / Revenue 20.94% 25.81% 24.91%
Basic Earnings Per Share $0.78 $0.87 $1.11
Diluted Earnings Per Share $0.78 $0.86 $1.10
COMMON SHARES
Basic Shares Outstanding 949.3M shares 949.0M shares 948.0M shares
Diluted Shares Outstanding 953.0M shares 955.0M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.705B $3.727B $5.128B
YoY Change -23.16% -27.32% 37.85%
Cash & Equivalents $3.569B $3.727B $5.128B
Short-Term Investments
Other Short-Term Assets $387.0M $353.0M $413.0M
YoY Change 80.84% -14.53% 98.56%
Inventory $4.576B $4.434B $3.721B
Prepaid Expenses
Receivables $927.0M $1.424B $1.139B
Other Receivables $702.0M $242.0M $307.0M
Total Short-Term Assets $10.30B $10.18B $10.71B
YoY Change 2.49% -4.93% 17.96%
LONG-TERM ASSETS
Property, Plant & Equipment $21.00B $20.29B $17.97B
YoY Change 13.82% 12.96% 9.14%
Goodwill $0.00
YoY Change
Intangibles $334.0M $321.0M $321.0M
YoY Change 2.77% 0.0%
Long-Term Investments
YoY Change
Other Assets $2.189B $847.0M $1.114B
YoY Change 80.46% -23.97% -46.49%
Total Long-Term Assets $25.14B $24.34B $21.00B
YoY Change 14.17% 15.89% 11.27%
TOTAL ASSETS
Total Short-Term Assets $10.30B $10.18B $10.71B
Total Long-Term Assets $25.14B $24.34B $21.00B
Total Assets $35.44B $34.52B $31.71B
YoY Change 10.51% 8.86% 13.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.568B $2.531B $2.580B
YoY Change -27.04% -1.9% 7.32%
Accrued Expenses $554.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.000M $2.000M $4.000M
YoY Change -50.0% -50.0% -95.92%
Total Short-Term Liabilities $3.343B $3.150B $3.181B
YoY Change 13.71% -0.97% -2.78%
LONG-TERM LIABILITIES
Long-Term Debt $3.525B $3.521B $3.531B
YoY Change -0.23% -0.28% -24.57%
Other Long-Term Liabilities $1.644B $1.531B $1.441B
YoY Change -0.42% 6.25% -58.0%
Total Long-Term Liabilities $5.169B $5.052B $4.972B
YoY Change -0.29% 1.61% -38.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.343B $3.150B $3.181B
Total Long-Term Liabilities $5.169B $5.052B $4.972B
Total Liabilities $14.13B $13.77B $13.66B
YoY Change 4.53% 0.86% -16.5%
SHAREHOLDERS EQUITY
Retained Earnings $2.399B $1.953B $144.0M
YoY Change 339.38% 1256.25%
Common Stock $107.0M $107.0M $107.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.576B $3.576B $3.554B
YoY Change 0.65% 0.62%
Treasury Stock Shares 124.0M shares
Shareholders Equity $17.54B $17.14B $15.36B
YoY Change
Total Liabilities & Shareholders Equity $35.44B $34.52B $31.71B
YoY Change 10.51% 8.86% 13.44%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $945.0M $1.140B $1.294B
YoY Change 9.12% -11.9% -15.59%
Depreciation, Depletion And Amortization $323.0M $298.0M $257.0M
YoY Change 21.43% 15.95% -14.62%
Cash From Operating Activities $1.265B $526.0M $1.835B
YoY Change 69.57% -71.34% 37.35%
INVESTING ACTIVITIES
Capital Expenditures -$976.0M -$971.0M -$717.0M
YoY Change 24.33% 35.43% 104.86%
Acquisitions
YoY Change
Other Investing Activities $50.00M -$15.00M $5.000M
YoY Change -300.0% -400.0% -58.33%
Cash From Investing Activities -$926.0M -$986.0M -$712.0M
YoY Change 14.32% 38.48% 110.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -361.0M -321.0M -373.0M
YoY Change 49.17% -13.94% 16.56%
NET CHANGE
Cash From Operating Activities 1.265B 526.0M 1.835B
Cash From Investing Activities -926.0M -986.0M -712.0M
Cash From Financing Activities -361.0M -321.0M -373.0M
Net Change In Cash -22.00M -781.0M 750.0M
YoY Change -92.81% -204.13% 10.62%
FREE CASH FLOW
Cash From Operating Activities $1.265B $526.0M $1.835B
Capital Expenditures -$976.0M -$971.0M -$717.0M
Free Cash Flow $2.241B $1.497B $2.552B
YoY Change 46.37% -41.34% 51.36%

Facts In Submission

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CY2012Q3 fcx Weighted Average Exercise Price Of Outstanding Stock Options
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fcx Weighted Average Exercise Price Of Outstanding Stock Options
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CY2011Q3 fcx Weighted Average Exercise Price Of Outstanding Stock Options
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000831259
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
50100000000 USD
dei Entity Registrant Name
EntityRegistrantName
FREEPORT MCMORAN COPPER & GOLD INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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