Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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Freeport-McMoRan Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Price to FCFE (P/FCFE)
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Freeport-McMoRan Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
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).
- Accounts payable and accrued liabilities
- There is a general upward trend from $2,465 million at the end of Q1 2020 to $4,288 million by Q2 2025, with some fluctuations. The balance notably increases in late 2021 and remains high through 2024 and 2025, indicating rising short-term obligations or supplier payables.
- Accrued income taxes
- The accrued income taxes show significant variability, peaking at $1,541 million in Q4 2021 and decreasing sharply to $389 million by Q2 2025. This pattern suggests fluctuating taxable income or tax payment timings.
- Current portion of debt
- This liability fluctuates considerably, peaking at $1,365 million in Q1 2022, dropping sharply to under $50 million in some quarters of 2023, and then rising again to $495 million in Q2 2025. This volatility indicates varied short-term debt maturities or repayments.
- Current portion of environmental and asset retirement obligations
- Values are relatively stable around the $300 million mark, with no significant trend, indicating a steady obligation related to environmental liabilities in the short term.
- Dividends payable
- Dividends payable start appearing in Q1 2021 around $111 million and increase to roughly $218 million by Q2 2025, showing a consistent dividend payout to shareholders with slight growth over time.
- Current liabilities
- Current liabilities increase sharply from about $3,143 million in early 2020 to a peak near $6,454 million in Q1 2022, then fluctuate moderately around $5,000 to $6,300 million through 2023 to 2025. The rise suggests expanding short-term financial obligations.
- Long-term debt, less current portion
- Long-term debt exhibits a moderate decline from $9,829 million in Q1 2020 to around $8,656 million in 2023, stabilizing around $8,900 million thereafter. This indicates some debt repayment or refinancing activity leading to a modest reduction and stabilization of long-term liabilities.
- Environmental and asset retirement obligations, less current portion
- These obligations gradually increase from $3,758 million in Q1 2020 to $5,463 million by Q2 2025, reflecting escalating estimated costs for asset retirement and environmental responsibilities over the period.
- Deferred income taxes
- Deferred income taxes remain fairly stable, fluctuating slightly around the $4,300 million level, without any major upward or downward movements, indicating consistent deferred tax liabilities.
- Other liabilities
- Other liabilities trend downward from $2,439 million in Q1 2020 to approximately $1,550 million by late 2022, followed by a gradual increase to $2,179 million by mid-2025, signifying some variability possibly linked to miscellaneous obligations.
- Noncurrent liabilities
- Noncurrent liabilities decline slightly from around $20,113 million in early 2020 to about $19,381 million in late 2023, then increase steadily to $20,965 million by Q2 2025, showing moderate fluctuation with a recent upward trend in longer-term obligations.
- Total liabilities
- Total liabilities grow overall from $23,256 million in Q1 2020 to about $26,808 million in Q1 2025, with some volatility. The growth indicates an increasing total obligation profile over the period.
- Common stock
- Common stock values increase marginally from $158 million to $163 million between 2020 and mid-2025, reflecting little change in stated capital.
- Capital in excess of par value
- There is a consistent decline in capital in excess of par value from approximately $25,875 million in early 2020 to $23,642 million by mid-2025, indicating possible share repurchases or reductions in additional paid-in capital.
- Retained earnings (accumulated deficit)
- There is a marked improvement in retained earnings, moving from a negative $12,771 million at Q1 2020 to a positive $738 million by mid-2025, reflecting a turnaround from accumulated deficits to net accumulated earnings over the period.
- Accumulated other comprehensive loss
- The comprehensive loss remains fairly stable in the range of -$668 million to -$311 million, with minor improvements nearing the end of the period, indicating limited impact from items affecting other comprehensive income.
- Common stock held in treasury
- Treasury stock holdings increase steadily, with values declining from -$3,739 million in early 2020 to -$6,024 million by mid-2025, suggesting ongoing share repurchase activity.
- Stockholders’ equity
- Stockholders’ equity shows consistent growth from $8,855 million in Q1 2020 to $18,208 million by mid-2025, indicating strengthening equity positions, driven by improved retained earnings and accumulation of comprehensive income.
- Noncontrolling interests
- Noncontrolling interests rise steadily from $8,108 million in early 2020 to $11,788 million by mid-2025, reflecting growth in interests held by minority shareholders in consolidated subsidiaries.
- Total equity
- Total equity rises from $16,963 million in Q1 2020 to almost $30,000 million by mid-2025, showing a robust strengthening of the capital base combining shareholders' and noncontrolling interests.
- Total liabilities and equity
- The combined total liabilities and equity increase steadily from about $40,219 million in Q1 2020 to $56,492 million in mid-2025, illustrating overall growth in the company's financial size and balance sheet scale over this period.