Stock Analysis on Net
Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

Common-Size Balance Sheet: Assets

Freeport-McMoRan Inc., common-size consolidated balance sheet: assets

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 9.06 15.94 16.80 8.68 4.95
Restricted cash and cash equivalents 2.30 0.22 0.00 0.00 0.00
Trade accounts receivable 2.30 2.61 2.43 2.12 1.82
Income and other tax receivables 0.87 0.90 1.20 1.23 1.04
Product 4.71 3.59 3.45 3.05 3.14
Materials and supplies, net 4.13 3.84 3.48 3.78 4.04
Mill and leach stockpiles 2.70 2.71 2.44 2.41 2.80
Inventories 11.54% 10.14% 9.36% 9.24% 9.98%
Other current assets 0.71 0.75 1.09 0.81 1.61
Current assets 26.79% 30.56% 30.88% 22.07% 19.40%
Property, plant, equipment and mine development costs, net, excluding operating lease right-of-use assets 66.37 63.19 62.61 70.26 71.93
Operating lease right-of-use assets 0.85 0.67 0.58 0.49 0.57
Long-term mill and leach stockpiles 2.54 2.45 2.89 3.47 3.49
Intangible assets 0.80 0.81 0.86 0.95 0.99
Legally restricted trust assets 0.40 0.36 0.44 0.51 0.48
Disputed tax assessments 0.54 0.68 0.61 0.79 0.89
Investments 0.58 0.51 0.48 0.70 0.74
Loans to PT Smelting for expansion 0.44 0.20 0.07 0.00 0.00
Long-term receivable for taxes 0.13 0.11 0.17 0.25 0.71
Prepaid rent and deposits 0.07 0.05 0.00 0.00 0.00
Contingent consideration associated with sales of assets 0.07 0.09 0.15 0.23 0.28
Long-term employee receivables 0.05 0.05 0.04 0.05 0.05
Other 0.35 0.28 0.21 0.23 0.47
Other assets 3.45% 3.13% 3.04% 3.70% 4.62%
Noncurrent assets 73.21% 69.44% 69.12% 77.93% 80.60%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Freeport-McMoRan Inc. current assets as a percentage of total assets decreased from 2021 to 2022 and from 2022 to 2023.
Property, plant, equipment and mine development costs, net, excluding operating lease right-of-use assets Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Freeport-McMoRan Inc. property, plant, equipment and mine development costs, net, excluding operating lease right-of-use assets as a percentage of total assets increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Freeport-McMoRan Inc. noncurrent assets as a percentage of total assets increased from 2021 to 2022 and from 2022 to 2023.