Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

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.

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

US$ in millions

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Accounts payable and accrued liabilities 3,824 3,910 3,672 3,729 3,724 3,642 3,836 4,027 3,947 3,853 3,163 3,495 2,949 3,106 2,866 2,708 2,533 2,471 2,465 2,576 2,755 2,721 2,599
Accrued income taxes 1,072 898 1,322 786 489 531 846 744 439 507 1,392 1,541 1,237 919 647 324 119 47 128 119 61 63 150
Current portion of debt 769 768 769 766 35 37 49 1,037 1,032 1,038 1,365 372 897 1,057 656 34 47 90 245 5 4 4 3
Current portion of environmental and asset retirement obligations 364 342 325 316 395 361 333 320 365 317 316 264 329 334 331 351 397 298 305 436 488 425 422
Dividends payable 218 218 217 218 217 217 217 217 216 217 218 220 111 111 111 73 73 73 73
Current liabilities 6,247 6,136 6,305 5,815 4,860 4,788 5,281 6,345 5,999 5,932 6,454 5,892 5,523 5,527 4,611 3,417 3,096 2,906 3,143 3,209 3,381 3,286 3,247
Long-term debt, less current portion 8,910 8,658 8,656 8,656 9,370 9,458 9,586 9,583 9,658 10,054 8,256 9,078 8,768 8,638 9,153 9,677 9,983 9,824 9,829 9,821 9,915 9,912 9,902
Environmental and asset retirement obligations, less current portion 5,103 5,083 5,059 4,624 4,645 4,566 4,493 4,463 4,223 4,170 4,145 4,116 3,688 3,721 3,720 3,705 3,693 3,767 3,758 3,630 3,558 3,617 3,632
Deferred income taxes 4,492 4,491 4,500 4,453 4,399 4,343 4,305 4,269 4,316 4,297 4,282 4,234 4,500 4,486 4,446 4,408 4,325 4,180 4,087 4,210 4,245 4,055 4,067
Other liabilities 1,782 1,581 1,573 1,648 1,697 1,725 1,596 1,562 1,550 1,613 1,653 1,683 1,907 2,129 2,140 2,269 2,440 2,398 2,439 2,491 2,302 2,399 2,370
Noncurrent liabilities 20,287 19,813 19,788 19,381 20,111 20,092 19,980 19,877 19,747 20,134 18,336 19,111 18,863 18,974 19,459 20,059 20,441 20,169 20,113 20,152 20,020 19,983 19,971
Total liabilities 26,534 25,949 26,093 25,196 24,971 24,880 25,261 26,222 25,746 26,066 24,790 25,003 24,386 24,501 24,070 23,476 23,537 23,075 23,256 23,361 23,401 23,269 23,218
Common stock 162 162 162 162 162 162 162 161 161 161 161 160 160 160 160 159 158 158 158 158 158 158 158
Capital in excess of par value 23,997 24,321 24,488 24,637 24,833 25,028 25,227 25,322 25,483 25,661 25,835 25,875 26,023 26,084 26,080 26,037 25,934 25,905 25,875 25,830 25,880 25,949 25,963
Accumulated deficit (444) (970) (1,586) (2,059) (2,447) (2,901) (3,244) (3,907) (4,604) (5,008) (5,848) (7,375) (8,481) (9,880) (10,963) (11,681) (12,389) (12,718) (12,771) (12,280) (12,289) (12,082) (12,010)
Accumulated other comprehensive loss (273) (274) (274) (274) (317) (318) (319) (320) (385) (386) (387) (388) (572) (576) (580) (583) (728) (652) (668) (676) (570) (582) (594)
Common stock held in treasury (5,894) (5,835) (5,817) (5,773) (5,772) (5,769) (5,769) (5,701) (5,701) (5,539) (4,895) (4,292) (3,777) (3,777) (3,777) (3,758) (3,739) (3,739) (3,739) (3,734) (3,735) (3,734) (3,734)
Stockholders’ equity 17,548 17,404 16,973 16,693 16,459 16,202 16,057 15,555 14,954 14,889 14,866 13,980 13,353 12,011 10,920 10,174 9,236 8,954 8,855 9,298 9,444 9,709 9,783
Noncontrolling interests 11,318 11,282 11,132 10,617 10,218 9,825 9,591 9,316 9,227 9,158 9,176 9,039 9,178 8,924 8,653 8,494 8,326 8,201 8,108 8,150 8,098 8,108 8,058
Total equity 28,866 28,686 28,105 27,310 26,677 26,027 25,648 24,871 24,181 24,047 24,042 23,019 22,531 20,935 19,573 18,668 17,562 17,155 16,963 17,448 17,542 17,817 17,841
Total liabilities and equity 55,400 54,635 54,198 52,506 51,648 50,907 50,909 51,093 49,927 50,113 48,832 48,022 46,917 45,436 43,643 42,144 41,099 40,230 40,219 40,809 40,943 41,086 41,059

Based on: 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), 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).

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 decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Freeport-McMoRan Inc. noncurrent liabilities increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
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 increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.