Stock Analysis on Net
Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

Common-Size Income Statement

Freeport-McMoRan Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenues 100.00 100.00 100.00 100.00 100.00
Production and delivery -59.62 -57.37 -52.67 -71.33 -81.19
Depreciation, depletion and amortization -9.05 -8.86 -8.75 -10.76 -9.80
Cost of sales -68.67% -66.24% -61.41% -82.09% -90.99%
Gross profit 31.33% 33.76% 38.59% 17.91% 9.01%
Selling, general and administrative expenses -2.10 -1.84 -1.68 -2.61 -2.87
Mining exploration and research expenses -0.60 -0.50 -0.24 -0.35 -0.72
Environmental obligations and shutdown costs -1.40 -0.53 -0.40 -1.12 -0.73
Net gain on sales of assets 0.00 0.01 0.35 3.33 2.90
Operating income 27.24% 30.89% 36.62% 17.16% 7.58%
Interest expense, net -2.25 -2.46 -2.64 -4.21 -4.30
Net gain (loss) on early extinguishment of debt 0.04 0.14 0.00 -0.71 -0.19
Other income (expense), net 1.25 0.91 -0.46 0.42 -0.96
Income from continuing operations before income taxes and equity in affiliated companies’ net earnings 26.28% 29.48% 33.53% 12.66% 2.12%
Provision for income taxes -9.93 -9.95 -10.06 -6.65 -3.54
Equity in affiliated companies’ net earnings 0.07 0.14 0.02 0.08 0.08
Net income (loss) from continuing operations 16.41% 19.66% 23.48% 6.09% -1.33%
Net gain from discontinued operations 0.00 0.00 0.00 0.00 0.02
Net income (loss) 16.41% 19.66% 23.48% 6.09% -1.31%
Net income attributable to noncontrolling interests -8.33 -4.44 -4.64 -1.87 -0.35
Net income (loss) attributable to common stockholders 8.09% 15.22% 18.85% 4.22% -1.66%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Freeport-McMoRan Inc. operating income as a percentage of revenues decreased from 2021 to 2022 and from 2022 to 2023.
Income from continuing operations before income taxes and equity in affiliated companies’ net earnings Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Freeport-McMoRan Inc. income from continuing operations before income taxes and equity in affiliated companies’ net earnings as a percentage of revenues decreased from 2021 to 2022 and from 2022 to 2023.
Net income (loss) attributable to common stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Freeport-McMoRan Inc. net income (loss) attributable to common stockholders as a percentage of revenues decreased from 2021 to 2022 and from 2022 to 2023.