Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Freeport-McMoRan Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 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
Accounts payable and accrued liabilities
Accrued income taxes
Current portion of debt
Current portion of environmental and asset retirement obligations
Dividends payable
Current liabilities
Long-term debt, less current portion
Environmental and asset retirement obligations, less current portion
Deferred income taxes
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock
Capital in excess of par value
Retained earnings (accumulated deficit)
Accumulated other comprehensive loss
Common stock held in treasury
Stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 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).


Accounts payable and accrued liabilities
These liabilities generally increased over the period, rising from approximately 2,465 million USD in the first quarter of 2020 to over 4,000 million USD by early 2025. There are fluctuations, but a clear upward trend is evident, indicating growing obligations to suppliers and accrued expenses.
Accrued income taxes
Accrued income taxes showed significant volatility, with values peaking notably at over 1,500 million USD at the end of 2020, followed by declines and rises in subsequent quarters. By early 2025, the figure remained comparatively high, around 850 million USD, reflecting fluctuations in tax obligations.
Current portion of debt
This category exhibited considerable variability, with an initial decrease through 2020, followed by a sharp increase to over 1,000 million USD in early 2022 and 2023. Subsequently, the values fluctuated between low and high hundreds of millions USD, indicating short-term debt management adjustments over time.
Current portion of environmental and asset retirement obligations
These obligations showed minor fluctuations around the 300 million USD mark throughout the analyzed period, reflecting consistent current environmental liabilities.
Dividends payable
Dividends payable first appeared in the data in early 2021 at about 111 million USD and gradually increased to stabilize near 217-219 million USD, suggesting regular dividend distributions with moderate growth.
Current liabilities
This category rose significantly from around 3,100 million USD in early 2020 to bouts of increased activity at over 6,000 million USD in 2022, finally settling near 5,900 million USD by early 2025, indicating growing short-term obligations but some reduction after peak periods.
Long-term debt, less current portion
Long-term debt displayed a decreasing trend from nearly 9,800 million USD at the start of 2020 to around 8,900 million USD by early 2025. There were periodic increases in 2022 but the overall trend suggests debt repayment or refinancing efforts to reduce long-term liabilities.
Environmental and asset retirement obligations, less current portion
This obligation steadily increased from approximately 3,750 million USD in early 2020 to over 5,400 million USD by early 2025, reflecting a rising estimated future liability related to environmental and asset retirements.
Deferred income taxes
Deferred income taxes showed moderate growth, moving from about 4,100 million USD in early 2020 to a peak near 4,500 million USD in 2023, with some slight declines near the end of the period, indicating changes in tax timing differences affecting the company.
Other liabilities
Other liabilities decreased from roughly 2,440 million USD in early 2020 to a low near 1,550 million USD by late 2022, but then gradually increased to over 2,100 million USD by early 2025, showing variability likely related to miscellaneous non-detailed obligations.
Noncurrent liabilities
Noncurrent liabilities fluctuated moderately between approximately 19,400 million USD and just over 20,800 million USD, showing no clear upward or downward trend during the period, indicating relatively stable long-term obligations excluding current portions.
Total liabilities
Total liabilities experienced an overall increase from about 23,200 million USD in early 2020 to around 26,800 million USD by early 2025, demonstrating an increase in the company's financial obligations over time with some periods of stabilization.
Common stock
Common stock values showed slight incremental growth from 158 million USD to 163 million USD, reflecting minor increases in capital stock issuance or adjustments over the period.
Capital in excess of par value
This account demonstrated a declining trend, decreasing from approximately 25,875 million USD in early 2020 to around 23,627 million USD by early 2025, possibly indicating repurchases or reductions in additional paid-in capital.
Retained earnings (accumulated deficit)
Retained earnings improved substantially from a negative value of about -12,771 million USD in early 2020 to a positive balance near 182 million USD by early 2025, indicating a significant turnaround in accumulated profits and reduction of accumulated deficit over time.
Accumulated other comprehensive loss
This metric remained relatively stable with a small absolute value, fluctuating close to -600 to -300 million USD, indicating limited changes in unrealized gains or losses on other comprehensive income items.
Common stock held in treasury
The treasury stock balance increased in magnitude, moving from approximately -3,739 million USD to nearly -5,971 million USD, indicating substantial repurchases of the company's own shares over this period.
Stockholders’ equity
Stockholders’ equity clearly increased from around 8,855 million USD to approximately 17,688 million USD, showing strengthened net asset value and successful equity growth reflecting improved profitability and capital retention.
Noncontrolling interests
Noncontrolling interests grew progressively from about 8,108 million USD to over 11,500 million USD, representing increased minority ownership interest in consolidated subsidiaries.
Total equity
Total equity steadily rose from roughly 16,963 million USD in early 2020 to around 29,214 million USD by early 2025, reinforcing the company’s strengthened equity base during the period.
Total liabilities and equity
The total of liabilities and equity increased from about 40,219 million USD to around 56,022 million USD, reflecting overall growth in the company’s balance sheet size through increased liabilities and enhanced equity.