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Freeport-McMoRan Inc. (NYSE:FCX)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Freeport-McMoRan Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 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
Accounts payable and accrued liabilities 7.67 7.04 7.85 7.21 7.59 7.28 7.40 6.90 7.16 6.78 7.10 7.21 7.15 7.54 7.88 7.91 7.69 6.48 7.28 6.29 6.84 6.57
Current portion of debt 2.04 0.85 0.80 0.67 0.60 0.88 0.07 1.39 1.41 1.42 1.46 0.07 0.07 0.10 2.03 2.07 2.07 2.80 0.77 1.91 2.33 1.50
Accrued income taxes 0.85 1.23 0.78 0.93 0.69 1.53 1.57 1.94 1.64 2.44 1.50 0.95 1.04 1.66 1.46 0.88 1.01 2.85 3.21 2.64 2.02 1.48
Current portion of environmental and asset retirement obligations 0.55 0.55 0.54 0.53 0.53 0.53 0.58 0.66 0.63 0.60 0.60 0.76 0.71 0.65 0.63 0.73 0.63 0.65 0.55 0.70 0.74 0.76
Dividends payable, common stock 0.36 0.37 0.38 0.38 0.39 0.39 0.40 0.39 0.40 0.40 0.42 0.42 0.43 0.43 0.42 0.43 0.43 0.45 0.46 0.24 0.24 0.25
Current liabilities 11.48% 10.04% 10.35% 9.72% 9.79% 10.61% 10.02% 11.28% 11.23% 11.63% 11.07% 9.41% 9.41% 10.37% 12.42% 12.02% 11.84% 13.22% 12.27% 11.77% 12.16% 10.57%
Long-term debt, less current portion 13.67 15.15 15.32 15.69 15.78 15.90 16.24 16.08 15.85 15.97 16.49 18.14 18.58 18.83 18.76 19.34 20.06 16.91 18.90 18.69 19.01 20.97
Environmental and asset retirement obligations, less current portion 9.40 9.50 9.53 9.60 9.67 9.69 9.85 9.21 9.30 9.33 8.81 8.99 8.97 8.83 8.74 8.46 8.32 8.49 8.57 7.86 8.19 8.52
Deferred income taxes 7.80 7.89 7.95 7.67 7.81 7.86 7.98 8.11 8.22 8.30 8.48 8.52 8.53 8.46 8.36 8.64 8.57 8.77 8.82 9.59 9.87 10.19
Long-term operating leases, less current portion 1.63 1.68 1.74 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 0.00 0.00 0.00 0.00 0.00
Other liabilities 2.07 2.19 2.23 3.83 3.86 3.79 3.44 3.22 2.89 2.90 3.14 3.29 3.39 3.14 3.06 3.10 3.22 3.39 3.50 4.06 4.69 4.90
Noncurrent liabilities 34.57% 36.41% 36.76% 36.79% 37.11% 37.24% 37.51% 36.62% 36.26% 36.51% 36.91% 38.94% 39.47% 39.25% 38.90% 39.55% 40.18% 37.55% 39.80% 40.21% 41.76% 44.59%
Total liabilities 46.05% 46.45% 47.11% 46.51% 46.90% 47.85% 47.53% 47.90% 47.50% 48.14% 47.99% 48.35% 48.87% 49.62% 51.32% 51.57% 52.01% 50.77% 52.07% 51.98% 53.92% 55.15%
Common stock 0.27 0.28 0.28 0.29 0.29 0.29 0.30 0.29 0.30 0.30 0.31 0.31 0.32 0.32 0.32 0.32 0.32 0.33 0.33 0.34 0.35 0.37
Capital in excess of par value 39.61 40.30 40.71 41.63 41.85 42.17 43.39 43.32 44.52 45.18 46.92 48.08 49.16 49.55 49.56 51.04 51.21 52.91 53.88 55.47 57.41 59.76
Retained earnings (accumulated deficit) 4.72 3.48 2.38 2.10 1.31 0.32 -0.31 -0.80 -1.78 -2.93 -3.92 -4.74 -5.70 -6.37 -7.65 -9.22 -9.99 -11.98 -15.36 -18.08 -21.74 -25.12
Accumulated other comprehensive loss -0.51 -0.52 -0.52 -0.55 -0.55 -0.56 -0.57 -0.49 -0.50 -0.51 -0.52 -0.61 -0.62 -0.63 -0.63 -0.77 -0.77 -0.79 -0.81 -1.22 -1.27 -1.33
Common stock held in treasury -10.43 -10.40 -10.36 -10.60 -10.66 -10.66 -10.75 -10.64 -10.68 -10.73 -10.99 -11.18 -11.33 -11.33 -11.16 -11.42 -11.05 -10.02 -8.94 -8.05 -8.31 -8.65
Stockholders’ equity 33.67% 33.15% 32.49% 32.88% 32.23% 31.57% 32.05% 31.68% 31.86% 31.32% 31.79% 31.87% 31.83% 31.54% 30.44% 29.95% 29.71% 30.44% 29.11% 28.46% 26.43% 25.02%
Noncontrolling interests 20.28 20.40 20.40 20.61 20.87 20.57 20.41 20.43 20.65 20.54 20.22 19.78 19.30 18.84 18.23 18.48 18.27 18.79 18.82 19.56 19.64 19.83
Total equity 53.95% 53.55% 52.89% 53.49% 53.10% 52.15% 52.47% 52.10% 52.50% 51.86% 52.01% 51.65% 51.13% 50.38% 48.68% 48.43% 47.99% 49.23% 47.93% 48.02% 46.08% 44.85%
Total liabilities and equity 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: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 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).

The capital structure exhibits a consistent transition from a liability-dominant position toward a more equity-funded base. Total liabilities decreased from 55.15% of the total balance sheet in March 2021 to 46.05% by June 2026. Conversely, total equity expanded from 44.85% to 53.95% over the same period, signaling a systemic deleveraging of the balance sheet and an improvement in the overall solvency profile.

Debt and Liability Trends
A significant reduction in long-term debt is observed, falling from 20.97% in March 2021 to 13.67% in June 2026. This suggests a strategic effort to reduce long-term borrowing. Total noncurrent liabilities followed a similar downward trajectory, declining from 44.59% to 34.57%. Current liabilities remained relatively stable, fluctuating between a high of 13.22% and a low of 9.41%, indicating a consistent management of short-term operational obligations.
Equity and Retained Earnings Evolution
The most notable transformation occurs within retained earnings, which shifted from a substantial accumulated deficit of -25.12% in March 2021 to a positive surplus of 4.72% by June 2026. This reversal indicates a period of sustained profitability. While capital in excess of par value decreased from 59.76% to 39.61%, the growth in retained earnings contributed to the overall increase in stockholders' equity, which rose from 25.02% to 33.67%.
Specialized Obligations and Other Components
Environmental and asset retirement obligations remained a stable and significant portion of the balance sheet, trending slightly upward from 8.52% to 9.40%. Deferred income taxes showed a gradual decline, moving from 10.19% to 7.80%. Noncontrolling interests remained relatively constant, hovering between 18% and 21% of total liabilities and equity throughout the analyzed period.
Treasury Stock and Comprehensive Loss
Common stock held in treasury remained a significant contra-equity account, generally oscillating between -8% and -11%, with a final value of -10.43% in June 2026. Accumulated other comprehensive loss remained minimal and stable, fluctuating slightly around the -0.5% to -1.3% range.

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