Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Freeport-McMoRan Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
The composition of liabilities and stockholders’ equity exhibited several notable shifts between 2021 and 2025. Overall, total liabilities decreased as a percentage of total liabilities and equity, while total equity increased over the same period. Within liabilities, current liabilities demonstrated a decreasing trend, while noncurrent liabilities remained relatively stable.
- Current Liabilities
- Current liabilities, representing 12.27% of the total in 2021, decreased to 10.35% by 2025. This decline was primarily driven by reductions in accrued income taxes, which fell from 3.21% to 0.78%, and the current portion of debt, decreasing from 0.77% to 0.80%. However, short-term operating lease liabilities increased from 0.08% to 0.18% during the period.
- Noncurrent Liabilities
- Noncurrent liabilities remained relatively consistent, fluctuating between 36.91% and 39.80% of the total. Long-term debt, less current portion, constituted a significant portion of these liabilities, decreasing from 18.90% to 15.32%. Environmental and asset retirement obligations, less current portion, increased from 8.57% to 9.53%. Long-term operating lease liabilities showed a substantial increase, rising from 0.59% to 1.74%.
- Specific Liability Accounts
- PTFI contingencies experienced a significant decrease, falling from 0.54% in 2021 to 0.08% in 2025. Litigation accruals showed volatility, peaking at 0.19% in 2022 before decreasing to 0.28% in 2025. Accounts payable remained relatively stable, fluctuating between 4.24% and 5.29%. Deferred revenue decreased from 0.40% to 0.18% over the period.
- Stockholders’ Equity
- Stockholders’ equity increased from 29.11% in 2021 to 32.49% in 2025. This increase was largely attributable to changes within the equity components. Capital in excess of par value decreased from 53.88% to 40.71%, while retained earnings transitioned from an accumulated deficit of -15.36% to a positive balance of 2.38%. Common stock held in treasury decreased from -8.94% to -10.36%. Accumulated other comprehensive loss remained relatively stable, fluctuating between -0.63% and -0.81%.
- Noncontrolling Interests
- Noncontrolling interests consistently represented a substantial portion of total equity, ranging from 18.23% to 20.41% throughout the period, indicating a significant presence of ownership not directly attributable to the company’s common shareholders.
In summary, the liability structure shifted towards a greater proportion of noncurrent liabilities, while equity experienced growth driven by improved retained earnings and a decrease in treasury stock. Several specific liability accounts demonstrated notable fluctuations, reflecting changes in the company’s operational and financial commitments.