← FREEPORT-MCMORAN INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $14.8b
$16.4b +10.61%
$18.9b +15.50%
$14.3b -24.26%
$13.9b -3.16%
$22.4b +61.38%
$23.3b +3.79%
$22.7b -2.44%
$25.2b +10.86%
$25.2b +0.07%
$25.9b +2.71%
Gain on sales of assets ($649.0m) ($81.0m) ($208.0m) ($417.0m) ($473.0m) ($80.0m) ($2.0m) $0 $0 ($16.0m) —
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $17.6b
$12.0b -31.62%
$13.4b +11.84%
$11.5b -14.36%
$10.0b -12.88%
$12.0b +19.79%
$13.0b +8.53%
$13.6b +4.49%
$17.8b +30.59%
$18.6b +4.62%
$18.9b +1.34%
Cost of Goods and Services Sold $17.6b
$12.0b -31.62%
$13.4b +11.84%
$13.1b -2.53%
$11.7b -11.06%
$14.0b +20.38%
$15.1b +7.55%
$15.7b +4.02%
$17.8b +13.38%
$18.6b +4.62%
$18.9b +1.34%
Total cost of sales $17.6b
$12.0b -31.62%
$13.4b +11.84%
$13.1b -2.53%
$11.7b -11.06%
$14.0b +20.38%
$15.1b +7.55%
$15.7b +4.02%
$17.8b +13.38%
$18.6b +4.62%
—
Gross Profit (Calculated) ($2.8b)
$4.4b +259.31%
$5.5b +25.54%
$1.2b -77.40%
$2.2b +80.13%
$8.4b +274.81%
$8.2b -2.50%
$7.0b -14.35%
$7.4b +5.22%
$6.6b -10.93%
—
Interest Income (Expense), Net ($755.0m)
($801.0m) -6.09%
($945.0m) -17.98%
($620.0m) +34.39%
($598.0m) +3.55%
($602.0m) -0.67%
($560.0m) +6.98%
($515.0m) +8.04%
($319.0m) +38.06%
($369.0m) -15.67%
—
Selling, General and Administrative Expense $607.0m $484.0m $443.0m $414.0m $370.0m $383.0m $420.0m $479.0m $513.0m $545.0m $561.0m
Operating Income (Loss) ($2.8b)
$3.6b +230.12%
$4.8b +30.86%
$1.1b -77.05%
$2.4b +123.37%
$8.4b +243.29%
$7.0b -15.89%
$6.2b -11.54%
$6.9b +10.27%
$6.5b -5.04%
$6.2b -5.03%
Interest expense, net ($755.0m) ($801.0m) ($945.0m) ($620.0m) ($598.0m) ($602.0m) ($560.0m) ($515.0m) ($319.0m) ($369.0m) $426.0m
Foreign Currency Transaction Gain (Loss), before Tax $32.0m ($5.0m) $14.0m $24.0m $34.0m $66.0m $9.0m $20.0m $17.0m $34.0m —
Gain (Loss) on Derivative Instruments, Net, Pretax ($35.0m) — — — — — — — — — —
Other income (expense)
Income (Loss) from Equity Method Investments $11.0m $10.0m $8.0m $12.0m $12.0m $5.0m $31.0m $15.0m $15.0m $1.0m —
Other income, net $49.0m $49.0m $76.0m ($138.0m) $59.0m ($105.0m) $207.0m $286.0m $362.0m $223.0m $890.0m
Nonoperating Income (Expense) $49.0m $49.0m $76.0m $138.0m $59.0m $105.0m $207.0m $286.0m $362.0m $223.0m —
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($5.2b) $20.0m $390.0m ($287.0m) ($40.0m) $1.9b $840.0m $68.0m ($547.0m) $405.0m $6.7b
Income before income taxes and equity in affiliated companies’ net earnings ($3.5b) $2.9b $3.9b $306.0m $1.8b $7.7b $6.7b $6.0b $6.9b $6.4b $6.7b
Current Income Tax Expense (Benefit) $171.0m $1.4b $1.4b $482.0m $764.0m $2.5b $2.2b $2.1b $2.6b $2.0b $2.1b
Provision for (benefit from) income taxes ($371.0m) ($883.0m) ($991.0m) ($510.0m) ($944.0m) ($2.3b) ($2.3b) ($2.3b) ($2.5b) ($2.2b) —
Equity in affiliated companies’ net earnings $11.0m $10.0m $8.0m $12.0m $12.0m $5.0m $31.0m $15.0m $15.0m $1.0m —
Net Income (Loss) Available to Common Stockholders, Basic ($4.2b)
$1.8b +143.74%
$2.6b +43.20%
($239.0m) -109.19%
$599.0m +350.63%
$4.3b +618.86%
$3.5b -19.46%
$1.8b -46.71%
$1.9b +2.22%
$2.2b +16.68%
$2.9b +33.62%
Net Income (Loss) Attributable to Noncontrolling Interest ($290.0m) ($278.0m) $292.0m $50.0m $266.0m ($1.1b) $1.0b $1.9b $2.5b $1.9b $2.9b
Net income attributable to noncontrolling interests ($227.0m) ($274.0m) ($292.0m) ($50.0m) ($266.0m) ($1.1b) ($1.0b) ($1.9b) ($2.5b) ($1.9b) —
Preferred Stock Dividends and Other Adjustments ($161.0m) $0 $0 — — — — — — — —
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $3.0m $4.0m $4.0m $3.0m $3.0m $7.0m $7.0m $6.0m $6.0m $7.0m —
Basic ($2.96) $1.21 $1.80 ($0.17) $0.41 $2.93 $2.40 $1.28 $1.31 $1,437,000,000.00 $2.04
Diluted ($2.96) $1.21 $1.79 ($0.17) $0.41 $2.90 $2.39 $1.28 $1.30 $1,443,000,000.00 $2,945,000,000.00
Earnings Per Share, Basic $0.00 $0.00 $1.79 ($0.17) $0.41 $2.93 $0.60 $0.60 $0.60 $0.60 $2.04
Earnings Per Share, Diluted — $1.25 $1.78 ($0.17) $0.41 $2.90 — — — — $2.04
Common Stock, Dividends, Per Share, Declared $0.00 $0.00 $0.20 $0.20 $0.00 $0.38 $0.60 $0.60 $0.60 $0.60 —
Weighted Average Number of Shares Outstanding, Basic — 1.4b 1.4b 1.5b 1.5b 1.5b 1.4b 1.4b 1.4b 1.4b 1.4b
Weighted Average Number of Shares Outstanding, Diluted — 1.5b 1.5b 1.5b 1.5b 1.5b 1.5b 1.4b 1.4b 1.4b 1.4b
Additional Financial Items
Costs and Expenses $17.6b $12.8b $13.9b $13.3b $11.8b $14.5b $15.7b $16.6b $18.6b $19.4b —
Depreciation, depletion and amortization $2.5b $1.7b $1.8b $1.4b $1.5b $2.0b $2.0b $2.1b $2.2b $2.2b —
Environmental Remediation Expense $20.0m $251.0m $89.0m $105.0m $159.0m $91.0m $121.0m $319.0m $127.0m $58.0m —
Environmental obligations and shutdown costs $20.0m $251.0m $89.0m $105.0m $159.0m $91.0m $121.0m $319.0m $127.0m $58.0m —
Exploration Expense $63.0m $93.0m $105.0m $104.0m $50.0m $55.0m $115.0m $137.0m $156.0m $192.0m —
Goodwill, Impairment Loss $0 — — — — — — — — — —
Net gain on early extinguishment of debt $26.0m $21.0m $7.0m ($27.0m) ($101.0m) $0 $31.0m $10.0m $0 $0 —
Production and delivery $10.7b $10.3b $11.7b $11.5b $10.0b $12.0b $13.0b $13.6b $15.6b $16.4b —
Share-based Payment Arrangement, Expensed and Capitalized, Amount $89.0m $71.0m $74.0m $63.0m $99.0m $98.0m $95.0m $109.0m — — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($3.9b) $1.8b $2.6b ($245.0m) $596.0m $4.3b — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($3.8b) $2.0b $2.9b ($192.0m) $865.0m $5.4b $4.5b $3.8b $4.4b $4.2b —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent ($256.0m) $62.0m ($15.0m) $3.0m — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($193.0m) $66.0m ($15.0m) $3.0m $0 $0 — — — — —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.