2014 Q2 Form 10-Q Financial Statement

#000083125914000042 Filed on August 11, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $5.136B $4.288B
YoY Change 19.78% -4.18%
Cost Of Revenue $4.095B $3.383B
YoY Change 21.05% 16.13%
Gross Profit $1.041B $905.0M
YoY Change 15.03% -42.06%
Gross Profit Margin 20.27% 21.11%
Selling, General & Admin $164.0M $186.0M
YoY Change -11.83% 91.75%
% of Gross Profit 15.75% 20.55%
Research & Development $34.00M $64.00M
YoY Change -46.88% -12.33%
% of Gross Profit 3.27% 7.07%
Depreciation & Amortization $1.013B $530.0M
YoY Change 91.13% 82.13%
% of Gross Profit 97.31% 58.56%
Operating Expenses $164.0M $186.0M
YoY Change -11.83% 91.75%
Operating Profit $1.042B $639.0M
YoY Change 63.07% -51.26%
Interest Expense -$164.0M -$4.000M
YoY Change 4000.0% -90.7%
% of Operating Profit -15.74% -0.63%
Other Income/Expense, Net -$8.000M $13.00M
YoY Change -161.54% -74.51%
Pretax Income $986.0M $648.0M
YoY Change 52.16% -50.87%
Income Tax $328.0M $40.00M
% Of Pretax Income 33.27% 6.17%
Net Earnings $660.0M $610.0M
YoY Change 8.2% -31.77%
Net Earnings / Revenue 12.85% 14.23%
Basic Earnings Per Share $0.46 $0.49
Diluted Earnings Per Share $0.46 $0.49
COMMON SHARES
Basic Shares Outstanding 1.039B shares 980.0M shares
Diluted Shares Outstanding 1.045B shares 984.0M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.458B $3.294B
YoY Change -55.74% -26.93%
Cash & Equivalents $1.458B $3.294B
Short-Term Investments
Other Short-Term Assets $668.0M $459.0M
YoY Change 45.53% 39.94%
Inventory $5.370B $4.946B
Prepaid Expenses
Receivables $1.838B $1.244B
Other Receivables $920.0M $635.0M
Total Short-Term Assets $10.25B $10.58B
YoY Change -3.06% 3.95%
LONG-TERM ASSETS
Property, Plant & Equipment $25.41B $46.21B
YoY Change -45.02% 135.63%
Goodwill $1.938B $1.932B
YoY Change 0.31%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.287B $2.269B
YoY Change 0.79% 161.41%
Total Long-Term Assets $53.65B $52.58B
YoY Change 2.04% 123.62%
TOTAL ASSETS
Total Short-Term Assets $10.25B $10.58B
Total Long-Term Assets $53.65B $52.58B
Total Assets $63.90B $63.16B
YoY Change 1.18% 87.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.950B $3.771B
YoY Change 4.75% 59.52%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.784B $73.00M
YoY Change 3713.7% 1725.0%
Total Short-Term Liabilities $7.558B $5.610B
YoY Change 34.72% 90.69%
LONG-TERM LIABILITIES
Long-Term Debt $17.51B $21.14B
YoY Change -17.17% 500.8%
Other Long-Term Liabilities $1.782B $1.810B
YoY Change -1.55% 16.55%
Total Long-Term Liabilities $19.29B $22.95B
YoY Change -15.94% 352.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.558B $5.610B
Total Long-Term Liabilities $19.29B $22.95B
Total Liabilities $37.60B $38.51B
YoY Change -2.37% 179.06%
SHAREHOLDERS EQUITY
Retained Earnings $3.081B $1.865B
YoY Change 65.2% 30.79%
Common Stock $117.0M $117.0M
YoY Change 0.0% 9.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.686B $3.681B
YoY Change 0.14% 2.97%
Treasury Stock Shares
Shareholders Equity $21.33B $19.88B
YoY Change
Total Liabilities & Shareholders Equity $64.01B $63.16B
YoY Change 1.35% 87.47%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $660.0M $610.0M
YoY Change 8.2% -31.77%
Depreciation, Depletion And Amortization $1.013B $530.0M
YoY Change 91.13% 82.13%
Cash From Operating Activities $1.386B $1.034B
YoY Change 34.04% -12.52%
INVESTING ACTIVITIES
Capital Expenditures -$1.950B -$1.206B
YoY Change 61.69% 41.88%
Acquisitions
YoY Change
Other Investing Activities $1.714B -$5.338B
YoY Change -132.11% -41161.54%
Cash From Investing Activities -$236.0M -$6.544B
YoY Change -96.39% 681.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.034B -791.0M
YoY Change 30.72% 137.54%
NET CHANGE
Cash From Operating Activities 1.386B 1.034B
Cash From Investing Activities -236.0M -6.544B
Cash From Financing Activities -1.034B -791.0M
Net Change In Cash 116.0M -6.301B
YoY Change -101.84% -52608.33%
FREE CASH FLOW
Cash From Operating Activities $1.386B $1.034B
Capital Expenditures -$1.950B -$1.206B
Free Cash Flow $3.336B $2.240B
YoY Change 48.93% 10.24%

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dei Document Fiscal Year Focus
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2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000831259
CY2014Q3 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
dei Entity Information Date To Change Former Legal Or Registered Name
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2014-07-14
CY2013Q2 dei Entity Public Float
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dei Entity Registrant Name
EntityRegistrantName
FREEPORT-MCMORAN INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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