Stock Analysis on Net
Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

Common-Size Balance Sheet: Assets 
Quarterly Data

Freeport-McMoRan Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents 7.60 7.95 7.83 7.15 9.03 9.65 9.61 9.06 11.12 13.13 13.46 15.94 17.18 18.94 17.07 16.80 16.35 13.89 10.49 8.68 5.85 3.64 3.98
Restricted cash and cash equivalents 0.40 0.41 0.82 1.62 2.02 1.89 1.91 2.30 1.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Trade accounts receivable 1.61 1.67 1.33 1.05 1.77 2.06 2.76 2.30 1.53 1.33 2.23 2.61 1.69 1.95 3.15 2.43 1.98 2.42 2.86 2.12 2.17 1.78 1.28
Value added and other tax receivables 0.96 0.84 1.01 1.03 1.03 0.78 1.37 0.87 0.94 0.82 1.08 0.90 0.97 0.87 0.91 1.20 1.26 1.27 1.20 1.23 1.13 1.61 1.47
Product 5.04 5.24 5.75 5.54 4.89 5.04 4.35 4.71 4.68 4.35 4.40 3.59 3.16 3.01 3.04 3.45 3.02 3.51 3.53 3.05 3.11 2.92 2.82
Materials and supplies, net 4.63 4.45 4.32 4.34 4.20 4.18 4.06 4.13 4.13 4.12 4.04 3.84 3.75 3.54 3.57 3.48 3.45 3.56 3.66 3.78 3.92 3.99 4.01
Mill and leach stockpiles 2.64 2.61 2.56 2.53 2.54 2.63 2.62 2.70 2.72 2.94 2.83 2.71 2.74 2.77 2.51 2.44 2.31 2.21 2.31 2.41 2.44 2.56 2.75
Inventories 12.31% 12.31% 12.63% 12.41% 11.63% 11.85% 11.03% 11.54% 11.52% 11.41% 11.27% 10.14% 9.65% 9.32% 9.12% 9.36% 8.78% 9.28% 9.50% 9.24% 9.47% 9.47% 9.58%
Other current assets 0.97 0.97 1.03 0.98 0.79 0.71 0.71 0.71 0.79 0.93 0.93 0.96 1.30 1.21 1.08 1.09 1.02 0.86 0.83 0.81 1.02 1.29 1.98
Current assets 23.87% 24.14% 24.64% 24.24% 26.25% 26.95% 27.38% 26.79% 27.26% 27.61% 28.97% 30.56% 30.79% 32.29% 31.34% 30.88% 29.39% 27.73% 24.87% 22.07% 19.64% 17.79% 18.29%
Property, plant, equipment and mine development costs, net 70.84 70.51 69.97 70.22 68.14 67.33 66.79 67.22 66.87 66.48 65.13 63.86 63.72 62.26 62.88 63.19 64.16 65.67 68.22 70.75 72.78 74.41 74.34
Long-term mill and leach stockpiles 1.92 1.99 2.09 2.23 2.27 2.35 2.42 2.54 2.57 2.44 2.43 2.45 2.39 2.45 2.82 2.89 3.09 3.24 3.38 3.47 3.56 3.59 3.16
Other assets 3.37 3.36 3.30 3.31 3.34 3.37 3.41 3.45 3.31 3.47 3.47 3.13 3.10 3.00 2.96 3.04 3.35 3.36 3.52 3.70 4.02 4.21 4.20
Noncurrent assets 76.13% 75.86% 75.36% 75.76% 73.75% 73.05% 72.62% 73.21% 72.74% 72.39% 71.03% 69.44% 69.21% 67.71% 68.66% 69.12% 70.61% 72.27% 75.13% 77.93% 80.36% 82.21% 81.71%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Cash and cash equivalents
There was a substantial increase from early 2020 through late 2021, rising from approximately 4% to nearly 17% of total assets. This increase peaked in late 2021 and early 2022, followed by a gradual decline through 2023 and into 2025 where it stabilized around 7-9%.
Restricted cash and cash equivalents
Restricted cash appeared starting in early 2023, with an initial level around 1.35%, rising to a peak of 2.3% mid-2023, and then gradually declining to about 0.4% by late 2025. This suggests a recent increase in restricted cash holdings that were subsequently reduced.
Trade accounts receivable
This category fluctuated within the 1-3% range of total assets. After reaching a peak around 3.15% in early 2022, it declined to about 1.3-1.5% in mid to late 2023, then exhibited moderate recovery toward the end of the period, ending around 1.6%.
Value added and other tax receivables
This item remained relatively stable close to 1% of total assets throughout the analyzed periods, showing minor fluctuations without any strong trend upward or downward.
Product inventory
Product holdings as a percentage of total assets showed a gradual increase over the years. Starting near 2.8%, they rose steadily to approximately 5.75% by early 2025, indicating an accumulation or increased investment in this inventory type.
Materials and supplies, net
Materials and supplies maintained a gradual upward trend, increasing from roughly 4% to about 4.6% of total assets over the analyzed period, showing consistent but moderate growth in this component.
Mill and leach stockpiles
This inventory type showed a slight decline from around 2.7% in early 2020 to approximately 2.5% by late 2025, reflecting a slow reduction or stabilization in these stockpiles relative to total assets.
Total inventories
Inventories as a whole rose steadily from about 9.6% to nearly 12.6% of total assets over the period, signifying an overall increase in inventory levels.
Other current assets
Other current assets declined noticeably from around 2% down to roughly 0.7-1.0% by late 2025, suggesting shrinking importance or possible reclassification of these assets.
Current assets
Current assets grew from about 18% in early 2020 to a peak of 31% by early 2022, followed by a consistent decline back down to around 24% by late 2025. This pattern indicates a buildup of liquidity and current asset holdings through 2021-2022, followed by a drawdown or reallocation thereafter.
Property, plant, equipment, and mine development costs, net
This asset category saw a significant decrease from 74% to 63% between 2020 and early 2022, after which it reversed course and increased steadily back to about 71% by late 2025. This may reflect initial asset disposals or depreciation followed by reinvestment or capital expenditures.
Long-term mill and leach stockpiles
These exhibited a gradual decline from about 3.2% to below 2% of total assets over the period, indicating a reduction in long-term stockpile holdings.
Other assets
Other assets were relatively stable within the 3-4% range, with minor fluctuations and a slight increase mid-period, then returning to roughly 3.3% by the end of the timeframe.
Noncurrent assets
Noncurrent assets decreased in proportion from about 82% in early 2020 to a low near 69% in early 2022, then gradually increased to approximately 76% by the end of 2025, consistent with the trends observed in property, plant, and equipment.
Total assets
The data represent proportions of total assets, which are held constant at 100% for normalization and comparison across periods.