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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Freeport-McMoRan Copper & Gold Inc., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Revenues | |
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Production and delivery | |
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Depreciation, depletion and amortization | |
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Lower of cost or market inventory adjustments | |
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Cost of sales | |
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Gross profit | |
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Selling, general and administrative expenses | |
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Exploration and research expenses | |
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Environmental obligations and shutdown costs | |
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Long-lived asset impairments and other charges | |
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Goodwill impairment | |
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Operating income (loss) | |
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Interest expense, net | |
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Losses on early extinguishment of debt | |
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Gains on sales of assets | |
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Other income (expense), net | |
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Income (loss) before income taxes and equity in affiliated companies’ net earnings | |
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(Provision for) benefit from income taxes | |
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Equity in affiliated companies’ net earnings | |
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Income (loss) from continuing operations | |
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Income from discontinued operations, net of taxes | |
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Net income (loss) | |
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Net income attributable to noncontrolling interests | |
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Net income (loss) attributable to FCX stockholders | |
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| Item | Description | The company |
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| Revenues | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Freeport-McMoRan Copper & Gold Inc.'s revenues increased from 2009 to 2010 and from 2010 to 2011. |
| Operating income (loss) | The net result for the period of deducting operating expenses from operating revenues. | Freeport-McMoRan Copper & Gold Inc.'s operating income (loss) increased from 2009 to 2010 and from 2010 to 2011. |
| Income (loss) before income taxes and equity in affiliated companies’ net earnings | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Freeport-McMoRan Copper & Gold Inc.'s income (loss) before income taxes and equity in affiliated companies’ net earnings increased from 2009 to 2010 and from 2010 to 2011. |
| Income (loss) from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Freeport-McMoRan Copper & Gold Inc.'s income (loss) from continuing operations increased from 2009 to 2010 and from 2010 to 2011. |
| Net income (loss) | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Freeport-McMoRan Copper & Gold Inc.'s net income (loss) increased from 2009 to 2010 and from 2010 to 2011. |
| Net income (loss) attributable to FCX stockholders | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Freeport-McMoRan Copper & Gold Inc.'s net income (loss) attributable to FCX stockholders increased from 2009 to 2010 and from 2010 to 2011. |
May 19, 2012