Balance Sheet: Assets
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.
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. pages available for free this week:
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Price to Earnings (P/E) since 2005
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Freeport-McMoRan Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-09-30), 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).
The analysis of the quarterly financial data reveals several notable trends and patterns across various asset categories over the reported periods.
- Cash and cash equivalents
- This asset category generally exhibits an upward trend from early 2020 through mid-2022, peaking around June 2022. Subsequently, a gradual decline is observed through the end of 2024, with fluctuations in quarterly values. This may indicate changes in liquidity management or cash flow volatility in recent periods.
- Restricted cash and cash equivalents
- Data for this item begins in early 2023, showing an initial increase followed by a decline towards late 2025. This could reflect adjustments in regulatory or contractual cash restrictions.
- Trade accounts receivable
- Receivables generally increased from 2020 to early 2022, reaching a peak in the first quarter of 2022 before experiencing a notable decrease in mid-2022. The pattern shows volatility afterward, with some recovery but no definitive long-term upward trend by late 2025, suggesting fluctuations in sales volume or credit terms.
- Value added and other tax receivables
- This category remains relatively stable, with minor fluctuations across periods. No significant trend is discernible, implying consistent tax receivables management.
- Product Inventory
- Inventory balances increased steadily from 2020 through 2025, indicating accumulation of product stock over time. This growth may reflect production exceeding sales or strategic stockpiling.
- Materials and supplies, net
- A similar upward trend is apparent in materials and supplies, increasing consistently each quarter. This suggests ongoing investment in raw materials and operational inputs.
- Mill and leach stockpiles
- These stockpiles show minor fluctuations with a modest overall increase, peaking around the end of 2024. The somewhat stable nature suggests steady processing activities complemented by stockpile management adjustments.
- Total Inventories
- Combining product, materials, and stockpiles, total inventory levels rise notably over the periods analyzed, pointing to expanded inventory holdings in support of operational needs or future production plans.
- Other current assets
- This category shows volatility, with values fluctuating without a clear trend, possibly reflecting variability in miscellaneous receivables or short-term assets.
- Current assets
- Current assets increased markedly from 2020 through mid-2021, followed by relative stability with minor declines and recoveries. The trend suggests growth in short-term asset base early on, stabilizing in subsequent periods.
- Property, plant, equipment and mine development costs, net
- This long-term asset category displays steady growth throughout the entire time frame, indicating sustained capital expenditure and asset development efforts.
- Long-term mill and leach stockpiles
- While experiencing some decreases after initial peaks, these assets remain substantial but exhibit a slow declining trend towards the end of the dataset, which may correspond to consumption or inventory reclassification.
- Other assets
- This category remains relatively stable with minor fluctuations, suggesting consistent holdings of miscellaneous long-term assets.
- Noncurrent assets
- A steady increase in noncurrent assets is observed, aligned with growth in capital investments, offset somewhat by decreases in certain stockpiled categories.
- Total assets
- Total assets show a continuous upward trajectory from early 2020 through most of the reporting periods, reflecting overall growth in the asset base, driven primarily by increases in both current and noncurrent assets.
In summary, the financial data indicates expansion in asset holdings, particularly in inventories and long-term assets, alongside fluctuations in liquidity and receivables. These patterns suggest active management of operational inputs and capital investments, with periodic adjustments to working capital components.