Stock Analysis on Net
Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

Common-Size Income Statement
Quarterly Data

Freeport-McMoRan Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: 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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenues 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
Production and delivery -58.50 -60.81 -56.90 -61.01 -61.86 -58.73 -60.92 -67.78 -55.78 -47.71 -51.18 -49.70 -53.36 -57.46 -58.53 -64.24 -73.84 -98.89 -76.94 -85.82 -84.66 -78.48
Depreciation, depletion and amortization -7.68 -9.41 -9.97 -9.15 -9.53 -7.40 -8.94 -10.15 -9.36 -7.41 -9.21 -8.68 -8.40 -8.64 -9.68 -10.23 -11.72 -12.19 -10.00 -10.21 -9.93 -9.15
Cost of sales -66.18% -70.23% -66.88% -70.16% -71.40% -66.13% -69.87% -77.93% -65.14% -55.11% -60.40% -58.38% -61.76% -66.10% -68.21% -74.47% -85.56% -111.08% -86.93% -96.04% -94.59% -87.63%
Gross profit (loss) 33.82% 29.77% 33.12% 29.84% 28.60% 33.87% 30.13% 22.07% 34.86% 44.89% 39.60% 41.62% 38.24% 33.90% 31.79% 25.53% 14.44% -11.08% 13.07% 3.96% 5.41% 12.37%
Selling, general and administrative expenses -1.86 -2.28 -2.03 -2.03 -2.00 -2.34 -1.86 -1.96 -1.85 -1.74 -1.52 -1.68 -1.51 -2.06 -2.16 -1.87 -2.98 -3.93 -2.53 -3.36 -2.74 -2.95
Exploration and research expenses -0.60 -0.59 -0.58 -0.52 -0.73 -0.58 -0.49 -0.76 -0.46 -0.36 -0.31 -0.25 -0.24 -0.14 -0.18 -0.21 -0.59 -0.57 -0.54 -0.79 -0.87 -0.71
Environmental obligations and shutdown costs -0.42 -1.06 -1.35 -1.68 -1.29 -1.24 -1.22 -0.12 -0.54 -0.24 -0.65 -0.21 -0.57 -0.10 -2.25 -0.55 -0.36 -0.93 -0.51 -0.63 -0.65 -1.11
Net gain (loss) on sales of assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.28 0.99 0.05 0.00 10.81 -0.05 0.00 -0.39 10.33 -0.38 -0.23 0.87
Operating income (loss) 30.93% 25.85% 29.16% 25.62% 24.58% 29.71% 26.57% 19.23% 32.05% 42.54% 37.39% 40.47% 35.96% 31.59% 38.02% 22.85% 10.51% -16.90% 19.82% -1.21% 0.93% 8.47%
Interest expense, net -1.33 -1.41 -1.64 -1.65 -2.98 -2.80 -2.38 -2.80 -2.88 -1.92 -2.77 -2.27 -2.57 -2.99 -5.25 -3.12 -3.77 -4.54 -5.60 -3.90 -3.72 -3.85
Net gain (loss) on early extinguishment of debt 0.00 0.00 0.00 0.09 0.09 0.00 0.05 0.40 0.15 0.00 0.00 0.00 0.00 0.00 -0.02 -1.53 -0.29 -1.14 0.00 -0.67 0.00 -0.16
Other income (expense), net 1.04 2.04 1.74 1.22 0.42 1.63 2.43 0.50 0.20 0.47 -2.61 0.59 0.16 0.23 -0.07 0.57 0.65 0.71 -4.86 1.05 0.14 0.37
Income (loss) from continuing operations before income taxes and equity in affiliated companies’ net earnings (losses) 30.65% 26.48% 29.26% 25.27% 22.10% 28.54% 26.68% 17.33% 29.52% 41.09% 32.01% 38.80% 33.54% 28.82% 32.68% 18.77% 7.11% -21.87% 9.36% -4.73% -2.65% 4.83%
(Provision for) benefit from income taxes -11.38 -8.10 -12.26 -8.72 -9.40 -9.26 -9.67 -6.30 -10.54 -12.48 -10.14 -10.32 -10.49 -9.13 -13.59 -7.71 -3.14 2.14 -8.41 -2.89 0.42 -2.77
Equity in affiliated companies’ net earnings (losses) 0.06 0.00 0.05 0.00 0.03 0.19 -0.03 0.16 0.18 0.23 0.16 -0.15 0.10 -0.04 0.00 0.16 0.10 0.11 0.13 0.16 0.14 -0.08
Net income (loss) from continuing operations 19.32% 18.38% 17.05% 16.55% 12.74% 19.47% 16.97% 11.19% 19.17% 28.84% 22.03% 28.32% 23.16% 19.65% 19.09% 11.22% 4.06% -19.62% 1.07% -7.45% -2.09% 1.98%
Net gain from discontinued operations 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 0.03 0.03 0.00 0.03
Net income (loss) 19.32% 18.38% 17.05% 16.55% 12.74% 19.47% 16.97% 11.19% 19.17% 28.84% 22.03% 28.32% 23.16% 19.65% 19.09% 11.22% 4.06% -19.62% 1.10% -7.42% -2.09% 2.00%
Net (income) loss attributable to noncontrolling interests -10.02 -10.90 -10.48 -8.76 -6.76 -7.16 -4.86 -3.12 -3.66 -5.71 -4.09 -5.33 -4.31 -4.85 -3.34 -2.67 -2.32 2.07 -0.87 0.86 0.06 -1.19
Net income (loss) attributable to common stockholders 9.30% 7.48% 6.57% 7.80% 5.98% 12.30% 12.10% 8.08% 15.51% 23.13% 17.94% 23.00% 18.84% 14.80% 15.75% 8.54% 1.74% -17.55% 0.23% -6.57% -2.03% 0.82%

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Freeport-McMoRan Inc. operating income (loss) as a percentage of revenues decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.
Income (loss) from continuing operations before income taxes and equity in affiliated companies’ net earnings (losses) 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 (loss) from continuing operations before income taxes and equity in affiliated companies’ net earnings (losses) as a percentage of revenues decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.
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 increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.