Stock Analysis on Net
Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable 4.70 5.29 4.24 3.50 4.05
Salaries, wages and other compensation 0.65 0.64 0.70 0.74 0.61
Deferred revenue 0.31 0.15 0.40 0.15 0.03
Accrued interest 0.28 0.43 0.42 0.58 0.44
Pension, postretirement, postemployment and other employee benefits 0.25 0.28 0.40 0.22 0.17
PT-FI contingencies 0.23 0.35 0.54 0.47 0.28
Accrued taxes, other than income taxes 0.17 0.15 0.13 0.18 0.19
Short-term operating lease liabilities 0.16 0.07 0.08 0.09 0.11
Community development programs 0.11 0.12 0.00 0.00 0.00
Litigation accruals 0.10 0.19 0.06 0.20 0.22
Accrued mining royalties 0.02 0.08 0.07 0.00 0.00
Other 0.13 0.13 0.25 0.30 0.22
Accounts payable and accrued liabilities 7.10% 7.88% 7.28% 6.43% 6.31%
Accrued income taxes 1.50 1.46 3.21 0.77 0.29
Current portion of debt 1.46 2.03 0.77 0.08 0.01
Current portion of environmental and asset retirement obligations 0.60 0.63 0.55 0.83 1.07
Dividends payable 0.42 0.42 0.46 0.00 0.18
Current liabilities 11.07% 12.42% 12.27% 8.11% 7.86%
Long-term debt, less current portion 16.49 18.76 18.90 22.96 24.07
Environmental and asset retirement obligations, less current portion 8.81 8.74 8.57 8.79 8.90
Deferred income taxes 8.48 8.36 8.82 10.46 10.32
Pension, postretirement, postemployment and other employment benefits 1.34 1.52 1.76 2.88 3.23
Long-term operating lease liabilities 0.66 0.58 0.59 0.45 0.50
Provision for tax positions 0.33 0.32 0.48 0.62 0.62
Litigation accruals 0.31 0.21 0.27 0.26 0.00
Social investment programs 0.15 0.07 0.00 0.00 0.00
Indemnification of MIND ID 0.14 0.14 0.16 0.10 0.00
Cerro Verde royalty dispute 0.00 0.00 0.00 0.89 1.23
Other 0.20 0.22 0.24 0.18 0.52
Other liabilities 3.14% 3.06% 3.50% 5.38% 6.10%
Noncurrent liabilities 36.91% 38.90% 39.80% 47.60% 49.38%
Total liabilities 47.99% 51.32% 52.07% 55.70% 57.24%
Common stock, par value $0.10 0.31 0.32 0.33 0.38 0.39
Capital in excess of par value 46.92 49.56 53.88 61.78 63.29
Accumulated deficit -3.92 -7.65 -15.36 -27.72 -30.09
Accumulated other comprehensive loss -0.52 -0.63 -0.81 -1.38 -1.66
Common stock held in treasury, at cost -10.99 -11.16 -8.94 -8.92 -9.15
Stockholders’ equity 31.79% 30.44% 29.11% 24.14% 22.78%
Noncontrolling interests 20.22 18.23 18.82 20.15 19.97
Total equity 52.01% 48.68% 47.93% 44.30% 42.76%
Total liabilities and equity 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 liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Freeport-McMoRan Inc. current liabilities as a percentage of total liabilities and equity increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Freeport-McMoRan Inc. noncurrent liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Freeport-McMoRan Inc. total liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Freeport-McMoRan Inc. stockholders’ equity as a percentage of total liabilities and equity increased from 2021 to 2022 and from 2022 to 2023.