$FCX
FREEPORT-MCMORAN INC

2023 Q4 Form 10-Q Financial Statement

#000083125923000037 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $5.905B $5.824B
YoY Change 2.55% 16.41%
Cost Of Revenue $3.949B $4.086B
YoY Change -1.84% 4.8%
Gross Profit $1.956B $1.738B
YoY Change 12.74% 57.43%
Gross Profit Margin 33.12% 29.84%
Selling, General & Admin $120.0M $118.0M
YoY Change 12.15% 20.41%
% of Gross Profit 6.13% 6.79%
Research & Development $34.00M $30.00M
YoY Change 21.43% -21.05%
% of Gross Profit 1.74% 1.73%
Depreciation & Amortization $589.0M $533.0M
YoY Change 14.37% 4.92%
% of Gross Profit 30.11% 30.67%
Operating Expenses $150.0M $118.0M
YoY Change -26.83% 20.41%
Operating Profit $1.806B $1.492B
YoY Change 18.04% 55.09%
Interest Expense -$97.00M -$96.00M
YoY Change -29.2% -31.43%
% of Operating Profit -5.37% -6.43%
Other Income/Expense, Net $103.0M $71.00M
YoY Change -26.43% 184.0%
Pretax Income $1.728B $1.472B
YoY Change 12.5% 69.78%
Income Tax $724.0M $508.0M
% Of Pretax Income 41.9% 34.51%
Net Earnings $387.0M $964.0M
YoY Change -44.4% 72.14%
Net Earnings / Revenue 6.55% 16.55%
Basic Earnings Per Share $0.31
Diluted Earnings Per Share $0.27 $0.31
COMMON SHARES
Basic Shares Outstanding 1.434B shares 1.434B shares
Diluted Shares Outstanding 1.443B shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.758B $5.745B
YoY Change -41.59% -33.03%
Cash & Equivalents $4.758B $5.745B
Short-Term Investments $0.00
Other Short-Term Assets $375.0M $406.0M
YoY Change -23.78% -37.25%
Inventory $6.060B $5.949B
Prepaid Expenses
Receivables $1.209B $792.0M
Other Receivables $455.0M $488.0M
Total Short-Term Assets $14.07B $14.08B
YoY Change -9.91% -8.43%
LONG-TERM ASSETS
Property, Plant & Equipment $35.30B $34.54B
YoY Change 8.18% 8.55%
Goodwill
YoY Change
Intangibles $422.0M
YoY Change 1.44%
Long-Term Investments
YoY Change
Other Assets $1.810B $1.709B
YoY Change 13.05% 10.54%
Total Long-Term Assets $38.44B $37.57B
YoY Change 8.35% 8.73%
TOTAL ASSETS
Total Short-Term Assets $14.07B $14.08B
Total Long-Term Assets $38.44B $37.57B
Total Assets $52.51B $51.65B
YoY Change 2.77% 3.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.466B $3.724B
YoY Change -8.7% -5.65%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $766.0M $35.00M
YoY Change -26.13% -96.61%
Total Short-Term Liabilities $5.815B $4.860B
YoY Change -8.35% -18.99%
LONG-TERM LIABILITIES
Long-Term Debt $8.656B $9.370B
YoY Change -9.67% -2.98%
Other Long-Term Liabilities $1.648B $1.697B
YoY Change 5.51% 9.48%
Total Long-Term Liabilities $10.30B $11.07B
YoY Change -7.55% -1.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.815B $4.860B
Total Long-Term Liabilities $10.30B $11.07B
Total Liabilities $25.20B $24.97B
YoY Change -3.91% -3.01%
SHAREHOLDERS EQUITY
Retained Earnings -$2.059B -$2.447B
YoY Change -47.3% -46.85%
Common Stock $162.0M $162.0M
YoY Change 0.62% 0.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.773B $5.772B
YoY Change 1.26% 1.25%
Treasury Stock Shares
Shareholders Equity $16.69B $16.46B
YoY Change
Total Liabilities & Shareholders Equity $52.51B $51.65B
YoY Change 2.77% 3.45%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $387.0M $964.0M
YoY Change -44.4% 72.14%
Depreciation, Depletion And Amortization $589.0M $533.0M
YoY Change 14.37% 4.92%
Cash From Operating Activities $1.320B $1.236B
YoY Change 23.48% 63.06%
INVESTING ACTIVITIES
Capital Expenditures $1.310B $1.118B
YoY Change 30.87% -239.4%
Acquisitions
YoY Change
Other Investing Activities -$62.00M -$101.0M
YoY Change 6.9% 106.12%
Cash From Investing Activities -$1.372B -$1.219B
YoY Change 29.56% 43.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -424.0M -414.0M
YoY Change -4.5% -50.0%
NET CHANGE
Cash From Operating Activities 1.320B 1.236B
Cash From Investing Activities -1.372B -1.219B
Cash From Financing Activities -424.0M -414.0M
Net Change In Cash -476.0M -397.0M
YoY Change 9.68% -56.89%
FREE CASH FLOW
Cash From Operating Activities $1.320B $1.236B
Capital Expenditures $1.310B $1.118B
Free Cash Flow $10.00M $118.0M
YoY Change -85.29% -92.44%

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