Common-Size Balance Sheet: Assets
Quarterly Data
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Freeport-McMoRan Inc. pages available for free this week:
- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Total Asset Turnover since 2005
- Analysis of Revenues
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Freeport-McMoRan Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 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 is a noticeable upward trend in cash and cash equivalents as a percentage of total assets from March 2020 (3.98%) through March 2022, where it peaked at 18.94%. Subsequently, a gradual decline is observed through to December 2023, stabilizing around 9-11%, and further decreasing to about 7.8% by June 2025. This pattern suggests an initial accumulation of liquid assets followed by a drawdown or reinvestment phase.
- Restricted Cash and Cash Equivalents
- Data for this item is available starting from December 2023 with values fluctuating between 0.41% to 2.3% of total assets. This indicates a newly recognized or reported category that maintains a low but variable share of total assets.
- Trade Accounts Receivable
- Trade accounts receivable as a percentage of total assets increased from 1.28% in March 2020 to a peak of 3.15% in March 2022, followed by a decline to around 1.3-2.7% in subsequent periods. This cyclical behavior could reflect changes in sales volume or credit terms extended to customers.
- Value Added and Other Tax Receivables
- These receivables show mild fluctuations without a clear trend, mostly ranging between 0.78% and 1.37% over the analyzed timeline. The steadiness implies consistent tax-related asset positioning relative to total assets.
- Product
- The product inventory percentage steadily increased from 2.82% in early 2020 to a high of 5.75% by March 2025, indicating a growing investment in finished goods or commodities held.
- Materials and Supplies, Net
- This category remained fairly stable, with percentages fluctuating slightly between approximately 3.45% and 4.45%, showing a consistent level of investment in raw materials and supplies relative to total assets.
- Mill and Leach Stockpiles
- A slight declining trend is observed, decreasing from 2.75% in March 2020 to about 2.53% by March 2025, suggesting a marginal reduction in ore or mineral stockpiles over time.
- Inventories
- Inventories, encompassing several subcategories, showed growth from 9.58% in March 2020 to a peak near 12.63% by June 2025. This reflects an increasing share of current assets tied up in inventory, which may indicate build-up in anticipation of demand or operational scaling.
- Other Current Assets
- These assets exhibit minor fluctuations with a slight decline from near 1.98% in early 2020 to around 0.97% by June 2025, indicating a relatively small and diminishing portion of total assets.
- Current Assets (Aggregate)
- Current assets expanded from 18.29% at the beginning of 2020 to a peak of approximately 32.29% in June 2022, followed by a gradual decrease to about 24.14% by June 2025. The initial increase followed by a decline might signal changes in liquidity management or asset reallocation to long-term assets.
- Property, Plant, Equipment and Mine Development Costs, Net
- This asset class experienced an initial decline from 74.34% in March 2020 to roughly 62.26% in June 2022 but then showed a consistent upward trend reaching approximately 70.51% by June 2025. The data suggests a phase of asset base reduction or depreciation early on, followed by reinvestment or expansion later.
- Long-term Mill and Leach Stockpiles
- There is a clear declining pattern in this category, dropping from 3.16% in March 2020 down to 1.99% by June 2025, indicating a deliberate reduction in long-term ore stockpiles.
- Other Assets
- Other assets percentages steadily decreased from 4.20% in March 2020 to around 3.30% by June 2025, showing a gradual reduction in this asset category.
- Noncurrent Assets (Aggregate)
- Noncurrent assets declined from 81.71% in March 2020 to a low near 67.71% in June 2022 but subsequently rose steadily to about 75.86% by June 2025. This pattern reflects a temporary downsizing followed by asset growth or capital investment later in the timeline.
- Total Assets
- The total assets remain constant at 100%, confirming that all data are expressed as proportions of total assets, enabling relative comparison over time.