Stock Analysis on Net
Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

$24.99

Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Freeport-McMoRan Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents
Restricted cash and cash equivalents
Trade accounts receivable
Income and other tax receivables
Product
Materials and supplies, net
Mill and leach stockpiles
Inventories
Other current assets
Current assets
Property, plant, equipment and mine development costs, net, excluding operating lease right-of-use assets
Operating lease right-of-use assets
Long-term mill and leach stockpiles
Intangible assets
Legally restricted trust assets
Disputed tax assessments
Investments
Loans to PT Smelting for expansion
Long-term receivable for taxes
Prepaid rent and deposits
Contingent consideration associated with sales of assets
Long-term employee receivables
Other
Other assets
Noncurrent assets
Total assets

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).

Assets: Selected Items

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 increased from 2021 to 2022 but then decreased significantly 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 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 increased from 2021 to 2022 and from 2022 to 2023.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Freeport-McMoRan Inc. total assets increased from 2021 to 2022 and from 2022 to 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Freeport-McMoRan Inc. cash and cash equivalents increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Trade accounts receivable Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Freeport-McMoRan Inc. trade accounts receivable increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Freeport-McMoRan Inc. inventories increased from 2021 to 2022 and from 2022 to 2023.