$FCX
FREEPORT-MCMORAN INC Stock $fcx

$fcx Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000083125923000023 Filed on May 04, 2023

Income Statement

Concept	2023 Q2	2023 Q1
Revenue	$5.737B	$5.389B
YoY Change	5.93%	-18.39%
Cost Of Revenue	$4.096B	$3.564B
YoY Change	16.1%	-2.06%
Gross Profit	$1.641B	$1.825B
YoY Change	-13.08%	-38.43%
Gross Profit Margin	28.6%	33.87%
Selling, General & Admin	$115.0M	$126.0M
YoY Change	15.0%	9.57%
% of Gross Profit	7.01%	6.9%
Research & Development	$42.00M	$31.00M
YoY Change	68.0%	29.17%
% of Gross Profit	2.56%	1.7%
Depreciation & Amortization	$547.0M	$399.0M
YoY Change	7.89%	-18.4%
% of Gross Profit	33.33%	21.86%
Operating Expenses	$231.0M	$126.0M
YoY Change	131.0%	9.57%
Operating Profit	$1.410B	$1.601B
YoY Change	-18.78%	-43.0%
Interest Expense	-$171.0M	-$151.0M
YoY Change	9.62%	18.9%
% of Operating Profit	-12.13%	-9.43%
Other Income/Expense, Net	$24.00M	$88.00M
YoY Change	118.18%	183.87%
Pretax Income	$1.268B	$1.538B
YoY Change	-20.7%	-43.31%
Income Tax	$539.0M	$499.0M
% Of Pretax Income	42.51%	32.44%
Net Earnings	$338.0M	$1.049B
YoY Change	-67.44%	-44.91%
Net Earnings / Revenue	5.89%	19.47%
Basic Earnings Per Share	$0.24	$0.46
Diluted Earnings Per Share	$0.23	$0.46
COMMON SHARES
Basic Shares Outstanding	1.433B shares	1.431B shares
Diluted Shares Outstanding	1.442B shares	1.443B shares

Balance Sheet

Concept	2023 Q2	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.683B	$6.852B
YoY Change	-29.59%	-17.82%
Cash & Equivalents	$6.683B	$6.852B
Short-Term Investments	$0.00	$0.00
Other Short-Term Assets	$472.0M	$473.0M
YoY Change	-22.37%	-10.59%
Inventory	$5.810B	$5.737B
Prepaid Expenses
Receivables	$675.0M	$1.134B
Other Receivables	$417.0M	$550.0M
Total Short-Term Assets	$14.06B	$14.75B
YoY Change	-13.13%	-3.63%
LONG-TERM ASSETS
Property, Plant & Equipment	$33.85B	$33.16B
YoY Change	8.48%	7.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$3.005B	$1.769B
YoY Change	100.2%	22.42%
Total Long-Term Assets	$36.85B	$36.16B
YoY Change	8.6%	7.85%
TOTAL ASSETS
Total Short-Term Assets	$14.06B	$14.75B
Total Long-Term Assets	$36.85B	$36.16B
Total Assets	$50.91B	$50.91B
YoY Change	1.58%	4.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.642B	$3.836B
YoY Change	-5.48%	21.28%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$37.00M	$49.00M
YoY Change	-96.44%	-96.41%
Total Short-Term Liabilities	$4.788B	$5.281B
YoY Change	-19.29%	-18.17%
LONG-TERM LIABILITIES
Long-Term Debt	$9.458B	$9.586B
YoY Change	-5.93%	16.11%
Other Long-Term Liabilities	$6.291B	$1.596B
YoY Change	290.02%	-3.45%
Total Long-Term Liabilities	$15.75B	$11.18B
YoY Change	34.99%	12.85%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.788B	$5.281B
Total Long-Term Liabilities	$15.75B	$11.18B
Total Liabilities	$34.71B	$25.26B
YoY Change	33.14%	1.9%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.901B	-$3.244B
YoY Change	-42.07%	-44.53%
Common Stock	$162.0M	$162.0M
YoY Change	0.62%	0.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$5.769B	$5.769B
YoY Change	4.15%	17.85%
Treasury Stock Shares
Shareholders Equity	$16.20B	$16.06B
YoY Change
Total Liabilities & Shareholders Equity	$50.91B	$50.91B
YoY Change	1.58%	4.25%

Cashflow Statement

Concept	2023 Q2	2023 Q1
OPERATING ACTIVITIES
Net Income	$338.0M	$1.049B
YoY Change	-67.44%	-44.91%
Depreciation, Depletion And Amortization	$547.0M	$399.0M
YoY Change	7.89%	-18.4%
Cash From Operating Activities	$1.673B	$1.050B
YoY Change	3.21%	-37.91%
INVESTING ACTIVITIES
Capital Expenditures	$1.119B	$1.077B
YoY Change	-237.13%	-254.74%
Acquisitions
YoY Change
Other Investing Activities	-$82.00M	$19.00M
YoY Change		850.0%
Cash From Investing Activities	-$1.201B	-$1.164B
YoY Change	47.18%	63.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-640.0M	-$1.172B
YoY Change	-281.82%	66.71%
NET CHANGE
Cash From Operating Activities	1.673B	$1.050B
Cash From Investing Activities	-1.201B	-$1.164B
Cash From Financing Activities	-640.0M	-$1.172B
Net Change In Cash	-168.0M	-$1.286B
YoY Change	-114.52%	-569.34%
FREE CASH FLOW
Cash From Operating Activities	$1.673B	$1.050B
Capital Expenditures	$1.119B	$1.077B
Free Cash Flow	$554.0M	-$27.00M
YoY Change	-77.27%	-101.13%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000831259
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-11307-01
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	Freeport-McMoRan Inc.
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	74-2480931
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	333 North Central Avenue
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Phoenix
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	AZ
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	85004-2189
CY2023Q1	dei	City Area Code CityAreaCode	(602)
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	366-8100
CY2023Q1	dei	Security12b Title Security12bTitle	Common Stock, par value $0.10 per share
CY2023Q1	dei	Trading Symbol TradingSymbol	FCX
CY2023Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	1433286280	shares
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CY2023Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	9586000000	usd
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Files In Submission

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a1q2023exhibit151.htm	Edgar Link	pending
a1q2023exhibit311.htm	Edgar Link	pending
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a1q2023exhibit321.htm	Edgar Link	pending
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fcx-20230331.htm	Edgar Link	pending
fcx-20230331.xsd	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
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$FCX
FREEPORT-MCMORAN INC Stock $fcx

2023 Q2 Form 10-Q Financial Statement

#000083125923000023 Filed on May 04, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FCX FREEPORT-MCMORAN INC Stock $fcx

2023 Q2 Form 10-Q Financial Statement

#000083125923000023 Filed on May 04, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FCX
FREEPORT-MCMORAN INC Stock $fcx