Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

$24.99

Analysis of Reportable Segments

Microsoft Excel

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Segment Profit Margin

Freeport-McMoRan Inc., profit margin by reportable segment

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
North America Copper Mines
South America Operations
Indonesia Operations
Molybdenum Mines
Rod & Refining
Atlantic Copper Smelting & Refining

Based on: 10-K (reporting date: 2024-12-31), 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).

Segment profitability ratio Reportable segment The company
Segment profit margin North America Copper Mines North America Copper Mines segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
South America Operations South America Operations segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Indonesia Operations Indonesia Operations segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Molybdenum Mines Molybdenum Mines segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Rod & Refining Rod & Refining segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Atlantic Copper Smelting & Refining Atlantic Copper Smelting & Refining segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Profit Margin: North America Copper Mines

Freeport-McMoRan Inc.; North America Copper Mines; segment profit margin calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Revenues
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin North America Copper Mines North America Copper Mines segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment Profit Margin: South America Operations

Freeport-McMoRan Inc.; South America Operations; segment profit margin calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Revenues
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin South America Operations South America Operations segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Segment Profit Margin: Indonesia Operations

Freeport-McMoRan Inc.; Indonesia Operations; segment profit margin calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Revenues
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Indonesia Operations Indonesia Operations segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Segment Profit Margin: Molybdenum Mines

Freeport-McMoRan Inc.; Molybdenum Mines; segment profit margin calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Revenues
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Molybdenum Mines Molybdenum Mines segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Segment Profit Margin: Rod & Refining

Freeport-McMoRan Inc.; Rod & Refining; segment profit margin calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Revenues
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Rod & Refining Rod & Refining segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Profit Margin: Atlantic Copper Smelting & Refining

Freeport-McMoRan Inc.; Atlantic Copper Smelting & Refining; segment profit margin calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Revenues
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Atlantic Copper Smelting & Refining Atlantic Copper Smelting & Refining segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Return on Assets (Segment ROA)

Freeport-McMoRan Inc., ROA by reportable segment

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
North America Copper Mines
South America Operations
Indonesia Operations
Molybdenum Mines
Rod & Refining
Atlantic Copper Smelting & Refining

Based on: 10-K (reporting date: 2024-12-31), 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).

Segment profitability ratio Reportable segment The company
Segment ROA North America Copper Mines North America Copper Mines segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024.
South America Operations South America Operations segment ROA improved from 2022 to 2023 and from 2023 to 2024.
Indonesia Operations Indonesia Operations segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024.
Molybdenum Mines Molybdenum Mines segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Rod & Refining Rod & Refining segment ROA improved from 2022 to 2023 and from 2023 to 2024.
Atlantic Copper Smelting & Refining Atlantic Copper Smelting & Refining segment ROA improved from 2022 to 2023 and from 2023 to 2024.

Segment ROA: North America Copper Mines

Freeport-McMoRan Inc.; North America Copper Mines; segment ROA calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Total assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA North America Copper Mines North America Copper Mines segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment ROA: South America Operations

Freeport-McMoRan Inc.; South America Operations; segment ROA calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Total assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA South America Operations South America Operations segment ROA improved from 2022 to 2023 and from 2023 to 2024.

Segment ROA: Indonesia Operations

Freeport-McMoRan Inc.; Indonesia Operations; segment ROA calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Total assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA Indonesia Operations Indonesia Operations segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment ROA: Molybdenum Mines

Freeport-McMoRan Inc.; Molybdenum Mines; segment ROA calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Total assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA Molybdenum Mines Molybdenum Mines segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Segment ROA: Rod & Refining

Freeport-McMoRan Inc.; Rod & Refining; segment ROA calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Total assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA Rod & Refining Rod & Refining segment ROA improved from 2022 to 2023 and from 2023 to 2024.

Segment ROA: Atlantic Copper Smelting & Refining

Freeport-McMoRan Inc.; Atlantic Copper Smelting & Refining; segment ROA calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss)
Total assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA Atlantic Copper Smelting & Refining Atlantic Copper Smelting & Refining segment ROA improved from 2022 to 2023 and from 2023 to 2024.

Segment Asset Turnover

Freeport-McMoRan Inc., asset turnover by reportable segment

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
North America Copper Mines
South America Operations
Indonesia Operations
Molybdenum Mines
Rod & Refining
Atlantic Copper Smelting & Refining

Based on: 10-K (reporting date: 2024-12-31), 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).

Segment activity ratio Reportable segment The company
Segment asset turnover North America Copper Mines North America Copper Mines segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
South America Operations South America Operations segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Indonesia Operations Indonesia Operations segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Molybdenum Mines Molybdenum Mines segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Rod & Refining Rod & Refining segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Atlantic Copper Smelting & Refining Atlantic Copper Smelting & Refining segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Segment Asset Turnover: North America Copper Mines

Freeport-McMoRan Inc.; North America Copper Mines; segment asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues
Total assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover North America Copper Mines North America Copper Mines segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment Asset Turnover: South America Operations

Freeport-McMoRan Inc.; South America Operations; segment asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues
Total assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover South America Operations South America Operations segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Asset Turnover: Indonesia Operations

Freeport-McMoRan Inc.; Indonesia Operations; segment asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues
Total assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover Indonesia Operations Indonesia Operations segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment Asset Turnover: Molybdenum Mines

Freeport-McMoRan Inc.; Molybdenum Mines; segment asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues
Total assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover Molybdenum Mines Molybdenum Mines segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Segment Asset Turnover: Rod & Refining

Freeport-McMoRan Inc.; Rod & Refining; segment asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues
Total assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover Rod & Refining Rod & Refining segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Segment Asset Turnover: Atlantic Copper Smelting & Refining

Freeport-McMoRan Inc.; Atlantic Copper Smelting & Refining; segment asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues
Total assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover Atlantic Copper Smelting & Refining Atlantic Copper Smelting & Refining segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Segment Capital Expenditures to Depreciation

Freeport-McMoRan Inc., capital expenditures to depreciation by reportable segment

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
North America Copper Mines
South America Operations
Indonesia Operations
Molybdenum Mines
Rod & Refining
Atlantic Copper Smelting & Refining

Based on: 10-K (reporting date: 2024-12-31), 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).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation North America Copper Mines North America Copper Mines segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024.
South America Operations South America Operations segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024.
Indonesia Operations Indonesia Operations segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024.
Molybdenum Mines Molybdenum Mines segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024.
Rod & Refining Rod & Refining segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024.
Atlantic Copper Smelting & Refining Atlantic Copper Smelting & Refining segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Segment Capital Expenditures to Depreciation: North America Copper Mines

Freeport-McMoRan Inc.; North America Copper Mines; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation, depletion and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, depletion and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation North America Copper Mines North America Copper Mines segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Capital Expenditures to Depreciation: South America Operations

Freeport-McMoRan Inc.; South America Operations; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation, depletion and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, depletion and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation South America Operations South America Operations segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Capital Expenditures to Depreciation: Indonesia Operations

Freeport-McMoRan Inc.; Indonesia Operations; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation, depletion and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, depletion and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Indonesia Operations Indonesia Operations segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Capital Expenditures to Depreciation: Molybdenum Mines

Freeport-McMoRan Inc.; Molybdenum Mines; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation, depletion and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, depletion and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Molybdenum Mines Molybdenum Mines segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Capital Expenditures to Depreciation: Rod & Refining

Freeport-McMoRan Inc.; Rod & Refining; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation, depletion and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, depletion and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Rod & Refining Rod & Refining segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Capital Expenditures to Depreciation: Atlantic Copper Smelting & Refining

Freeport-McMoRan Inc.; Atlantic Copper Smelting & Refining; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation, depletion and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, depletion and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Atlantic Copper Smelting & Refining Atlantic Copper Smelting & Refining segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Revenues

Freeport-McMoRan Inc., revenues by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
North America Copper Mines
South America Operations
Indonesia Operations
Molybdenum Mines
Rod & Refining
Atlantic Copper Smelting & Refining
Corporate, Other & Eliminations
FCX Total

Based on: 10-K (reporting date: 2024-12-31), 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).


Depreciation, depletion and amortization

Freeport-McMoRan Inc., depreciation, depletion and amortization by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
North America Copper Mines
South America Operations
Indonesia Operations
Molybdenum Mines
Rod & Refining
Atlantic Copper Smelting & Refining
Corporate, Other & Eliminations
FCX Total

Based on: 10-K (reporting date: 2024-12-31), 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).


Operating income (loss)

Freeport-McMoRan Inc., operating income (loss) by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
North America Copper Mines
South America Operations
Indonesia Operations
Molybdenum Mines
Rod & Refining
Atlantic Copper Smelting & Refining
Corporate, Other & Eliminations
FCX Total

Based on: 10-K (reporting date: 2024-12-31), 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).


Total assets

Freeport-McMoRan Inc., total assets by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
North America Copper Mines
South America Operations
Indonesia Operations
Molybdenum Mines
Rod & Refining
Atlantic Copper Smelting & Refining
Corporate, Other & Eliminations
FCX Total

Based on: 10-K (reporting date: 2024-12-31), 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).


Capital expenditures

Freeport-McMoRan Inc., capital expenditures by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
North America Copper Mines
South America Operations
Indonesia Operations
Molybdenum Mines
Rod & Refining
Atlantic Copper Smelting & Refining
Corporate, Other & Eliminations
FCX Total

Based on: 10-K (reporting date: 2024-12-31), 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).