Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

Cash Flow Statement 
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Freeport-McMoRan Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Net income (loss) 1,236 1,280 1,162 1,007 964 731 1,049 977 560 1,038 1,904 1,358 1,723 1,331 953 858 432 124 (549) 43 (234) (74) 76
Depreciation, depletion and amortization 600 509 595 589 533 547 399 515 508 507 489 568 528 483 419 435 394 358 341 391 322 352 347
Net charges for environmental and asset retirement obligations, including accretion 82 76 224 (88) 146 120 117 189 61 64 55 409 37 55 39 15 54 52 60 61 51 45 64
Payments for environmental and asset retirement obligations (60) (55) (42) (69) (67) (54) (60) (77) (77) (65) (55) (89) (74) (56) (54) (54) (43) (48) (71) (80) (64) (54) (46)
Net (gain) loss on sales of assets (2) (17) (60) (3) (486) 2 11 (404) 12 8 (33)
Stock-based compensation 17 24 53 20 17 19 53 20 13 13 49 19 23 15 41 39 17 16 27 11 12 11 29
Charge for talc-related litigation 65 130
Net charges for defined pension and postretirement plans 13 8 8 18 13 15 16 17 8 10 10 1 2 1 6 14 27 18 29 26 27 26
Pension plan contributions (20) (20) (18) (65) (4) (4) (2) (2) (2) (25) (25) (34) (33) (21) (21) (91) (1) (3) (26) (17) (25) (17) (16)
Net (gain) loss on early extinguishment of debt (5) (5) (3) (20) (8) 1 59 9 32 21 6
Deferred income taxes (1) (9) 46 52 56 39 35 (47) 20 15 48 (267) 17 41 38 62 147 90 (118) (42) 51 (13) 33
Change in deferred profit on PT Freeport Indonesia’s sales to PT Smelting (112) 20 (61) (26) 53
Charges for social investment programs at PT Freeport Indonesia 30 23 28 27 21 22 14 84
Payments for social investment programs at PT Freeport Indonesia (13) (13) (24) (15) (1) (13) (15) (11)
Impairment of oil and gas properties 67
Payments for Cerro Verde royalty dispute (356) (27) (38) (20) (29) (33) (57) (61) (40) (76) (10)
Other, net (7) 60 (39) (92) 45 6 8 8 17 (26) (56) (22) 53 34 86 13 (123) 175 9 221 41 114
Accounts receivable 1 674 (582) (384) (206) 599 157 (400) 142 536 (222) (254) 61 82 (361) 49 (122) 205 (91) (46) 237 19
Inventories 40 (407) 66 (135) (208) (73) (457) (389) (144) (87) 47 (308) (11) (74) (225) (17) (109) 14 154 35 (30) 62 192
Other current assets (45) 21 (36) 24 3 (20) 59 28 (118) 19 (24) (65) (18) 6 (10) (13) 85 (89) 45 41 (68) 42
Accounts payable and accrued liabilities (182) 263 (160) (10) 52 85 (288) (157) (101) 704 (519) 372 (149) 314 (42) 75 113 76 (149) (15) (54) 256 (247)
Accrued income taxes and timing of other tax payments 181 (478) 579 369 (144) (364) 156 266 (194) (935) (136) 602 344 219 286 298 138 (31) (2) 256 (40) (183) (62)
Changes in working capital and other (5) 73 (97) (196) (482) 250 (452) (621) (269) 100 (811) 388 180 523 (336) 346 178 22 119 230 (129) 304 (56)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities 636 676 734 313 272 942 1 92 198 583 (213) 922 242 1,064 122 469 805 367 511 127 458 628 458
Net cash provided by (used in) operating activities 1,872 1,956 1,896 1,320 1,236 1,673 1,050 1,069 758 1,621 1,691 2,280 1,965 2,395 1,075 1,327 1,237 491 (38) 170 224 554 534
North America copper mines (263) (243) (237) (216) (167) (182) (196) (167) (154) (146) (130) (131) (116) (69) (26) (30) (66) (148) (184) (236) (224) (207) (210)
South America operations (100) (90) (82) (109) (76) (83) (100) (101) (79) (68) (56) (68) (47) (26) (21) (27) (31) (51) (74) (80) (68) (47) (61)
Indonesia mining (448) (369) (381) (422) (441) (384) (449) (427) (389) (380) (379) (392) (328) (286) (290) (296) (231) (308) (326) (377) (334) (339) (319)
Indonesia smelter projects (265) (279) (461) (522) (413) (457) (323) (289) (173) (214) (130) (143) (31) (28) (20) (11) (94)
Molybdenum mines (25) (36) (27) (41) (21) (13) (9) (17) (7) (8) (1) (2) (1) (2) (1) (5) (3) (4) (7) (8) (5) (2) (4)
Other (98) (99) (66) (52) (60) (44) (44) (46) (34) (47) (27) (35) (18) (22) (12) (19) (11) (16) (19) (34) (35) (34) (28)
Capital expenditures (1,199) (1,116) (1,254) (1,362) (1,178) (1,163) (1,121) (1,047) (836) (863) (723) (771) (541) (433) (370) (388) (436) (527) (610) (735) (666) (629) (622)
Acquisition of additional ownership interest in Cerro Verde (210)
Proceeds from sales of assets 11 5 11 6 6 76 20 76 155 11 5 558 30 50 66 459 11 7 84
Loans to PT Smelting for expansion (28) (20) (48) (37) (24) (14) (17) (25) (9) (36)
Acquisition of minority interest in PT Smelting (33)
Proceeds from sales of assets and other, net (3) 8 5 (1) 2 (12) (19) (4) (4) (4) (2) (2) (12) (10) (3) (1) (1) (3) (2) (2) (3) 1 (8)
Net cash used in investing activities (1,412) (1,108) (1,277) (1,372) (1,219) (1,201) (1,164) (1,059) (851) (816) (714) (733) (398) (465) (368) 169 (407) (480) (546) (278) (658) (621) (546)
Proceeds from debt 667 668 613 595 505 397 284 369 700 4,062 604 568 473 30 130 295 1,651 107 1,478 198 1,353 214 114
Repayments of debt (418) (669) (612) (583) (591) (533) (1,273) (442) (1,080) (2,559) (434) (789) (493) (147) (32) (619) (1,578) (285) (1,242) (280) (1,354) (207) (1,356)
Cash dividends and distributions paid, common stock (216) (215) (218) (216) (215) (215) (217) (214) (214) (218) (220) (111) (109) (111) (73) (73) (72) (73) (73)
Cash dividends and distributions paid, noncontrolling interests (584) (583) (102) (218) (116) (291) (215) (112) (309) (204) (396) (94) (93) (3) (70) (9)
Treasury stock purchases (59) (162) (644) (541) (488)
Contributions from noncontrolling interests 50 47 48 47 47 47 47 47 41 41 41 42 32 32 33 100
Proceeds from exercised stock options 1 22 4 6 7 3 31 19 5 101 21 5 78 106 48 2 1
Payments for withholding of employee taxes related to stock-based awards (8) (27) (3) (47) (55) (10) (19) (12) (5)
Other, net (37) (1) (8) (1) (1) (8) (8) (32) (1) 6 (46) (1) (1) (20) (13) (18) (20) (3) (7)
Net cash provided by (used in) financing activities (646) (786) (342) (424) (414) (640) (1,172) (444) (828) 352 (703) (1,152) (217) (196) 225 (248) 96 (149) 173 (126) (60) (39) (1,331)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents (186) 62 277 (476) (397) (168) (1,286) (434) (921) 1,157 274 395 1,350 1,734 932 1,248 926 (138) (411) (234) (494) (106) (1,343)

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).

Cash flow statement item Description The company
Net cash provided by (used in) operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Freeport-McMoRan Inc. net cash provided by (used in) operating activities increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Freeport-McMoRan Inc. net cash used in investing activities increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Freeport-McMoRan Inc. net cash provided by (used in) financing activities decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 2024.