← FREEPORT-MCMORAN INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $4.5b $3.8b $4.4b $4.2b
Net Income (Loss) Available to Common Stockholders, Basic ($4.2b) $1.8b $2.6b ($239.0m) $599.0m $4.3b $3.5b $1.8b $1.9b $2.2b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($3.9b) $1.8b $2.6b ($245.0m) $596.0m $4.3b — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($3.8b) $2.0b $2.9b ($192.0m) $865.0m $5.4b $4.5b $3.8b $4.4b $4.2b
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent ($256.0m) $62.0m ($15.0m) $3.0m — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($193.0m) $66.0m ($15.0m) $3.0m $0 $0 — — — —
Net Income (Loss) Attributable to Noncontrolling Interest ($290.0m) ($278.0m) $292.0m $50.0m $266.0m ($1.1b) $1.0b $1.9b $2.5b $1.9b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($4.0b) $2.1b $2.9b ($189.0m) $865.0m $5.4b $4.5b $3.8b $4.4b $4.2b
Depreciation Amortization Depletion — — — — — — $2.0b $2.1b $2.2b $2.2b
Depreciation, Depletion and Amortization $2.6b $1.7b $1.8b $1.4b $1.5b $2.0b $2.0b $2.1b $2.2b $2.2b
Deferred Income Tax — — — — — — $36.0m $182.0m ($76.0m) $247.0m
Deferred Income Tax Expense (Benefit) $273.0m ($163.0m) $216.0m $45.0m $298.0m $211.0m $299.0m $373.0m ($74.0m) $253.0m
Deferred Tax — — — — — — $36.0m $182.0m ($76.0m) $247.0m
Deferred income taxes $239.0m $76.0m ($404.0m) $29.0m $181.0m ($171.0m) $36.0m $182.0m ($76.0m) $247.0m
Asset Impairment Charge — — — — — — $0 $67.0m $69.0m $64.0m
Goodwill, Impairment Loss $0 — — — — — — — — —
Impairment of oil and gas properties $4.3b $0 $0 — — $0 $0 $67.0m $69.0m $64.0m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — $29.0m $55.0m $50.0m $35.0m $23.0m
Restructuring Costs and Asset Impairment Charges $33.0m — — — — — — — — —
Share-based Payment Arrangement, Expensed and Capitalized, Amount $89.0m $71.0m $74.0m $63.0m $99.0m $98.0m $95.0m $109.0m — —
Share-based Payment Arrangement, Noncash Expense $86.0m $71.0m $76.0m $63.0m $99.0m $98.0m $95.0m $109.0m $109.0m $121.0m
Gain (Loss) on Disposition of Assets $649.0m $81.0m $208.0m $417.0m $473.0m $80.0m $2.0m $0 $0 $16.0m
Gain (Loss) on Extinguishment of Debt $26.0m $21.0m $7.0m ($27.0m) ($101.0m) $0 $31.0m $10.0m $0 $0
Income (Loss) from Equity Method Investments $11.0m $10.0m $8.0m $12.0m $12.0m $5.0m $31.0m $15.0m $15.0m $1.0m
Income Tax Expense (Benefit) $371.0m $883.0m $991.0m $510.0m $944.0m $2.3b $2.3b $2.3b $2.5b $2.2b
Net gain on early extinguishment of debt ($26.0m) ($21.0m) ($7.0m) $27.0m $101.0m $0 ($31.0m) ($10.0m) $0 $0
Other Nonoperating Income (Expense) $49.0m $49.0m $76.0m ($138.0m) $59.0m ($105.0m) $207.0m $286.0m $362.0m $223.0m
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable and accrued liabilities ($28.0m) $110.0m ($106.0m) ($60.0m) $115.0m $495.0m $0 ($161.0m) $143.0m $802.0m
Accounts receivable ($175.0m) $427.0m $649.0m $119.0m $132.0m ($472.0m) $56.0m $166.0m $460.0m ($521.0m)
Accrued income taxes and timing of other tax payments $106.0m $473.0m ($472.0m) ($29.0m) $403.0m $1.5b ($999.0m) $17.0m $47.0m ($855.0m)
Acquisition of additional ownership interest in Cerro Verde — — — — — — $0 $0 ($210.0m) $0
Asset Retirement Obligation, Accretion Expense $137.0m $124.0m $110.0m $118.0m $131.0m $112.0m $134.0m $20.0m $154.0m $175.0m
Beginning Cash Position — — — — — — $8.3b $8.4b $6.1b $4.9b
Cash Flow From Continuing Financing Activities — — — — — — ($1.6b) ($2.6b) ($3.3b) ($1.9b)
Cash Flow From Continuing Investing Activities — — — — — — ($3.4b) ($5.0b) ($5.0b) ($4.5b)
Change In Account Payable — — — — — — ($73.0m) ($161.0m) $143.0m $802.0m
Change In Income Tax Payable — — — — — — ($999.0m) $17.0m $47.0m ($855.0m)
Change In Inventory — — — — — — ($573.0m) ($873.0m) ($638.0m) ($709.0m)
Change In Other Current Assets — — — — — — ($12.0m) ($29.0m) ($41.0m) ($55.0m)
Change In Payable — — — — — — ($1.1b) ($144.0m) $190.0m ($53.0m)
Change In Payables And Accrued Expense — — — — — — ($1.1b) ($144.0m) $190.0m ($53.0m)
Change In Receivables — — — — — — $56.0m $166.0m $460.0m ($521.0m)
Change In Tax Payable — — — — — — ($999.0m) $17.0m $47.0m ($855.0m)
Change In Working Capital — — — — — — ($1.6b) ($880.0m) ($29.0m) ($1.3b)
Changes In Account Receivables — — — — — — $56.0m $166.0m $460.0m ($521.0m)
Changes In Cash — — — — — — $76.0m ($2.3b) ($1.2b) ($738.0m)
Changes in deferred profit on PTFI sales to PT Smelting $0 ($393.0m) ($123.0m) $0 $0 $86.0m ($14.0m) ($112.0m) $0 $0
Charges for PT Freeport Indonesia’s (PTFI) social investment programs — — — — — $75.0m $84.0m $84.0m $103.0m $86.0m
Charges for talc-related litigation reserves $0 $355.0m $371.0m $65.0m ($130.0m) $0 $0 $65.0m $0 $4.0m
Common stock ($6.0m) ($2.0m) ($218.0m) ($291.0m) ($73.0m) ($331.0m) ($866.0m) ($863.0m) ($865.0m) ($865.0m)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $649.0m $81.0m $208.0m — — — — — — —
End Cash Position — — — — — — $8.4b $6.1b $4.9b $4.2b
Environmental Remediation Expense $20.0m $251.0m $89.0m $105.0m $159.0m $91.0m $121.0m $319.0m $127.0m $58.0m
Finance lease payments — — — — — — ($7.0m) ($3.0m) ($41.0m) ($37.0m)
Financing Cash Flow — — — — — — ($1.6b) ($2.6b) ($3.3b) ($1.9b)
Foreign Currency Transaction Gain (Loss), before Tax $32.0m ($5.0m) $14.0m $24.0m $34.0m $66.0m $9.0m $20.0m $17.0m $34.0m
Free Cash Flow — — — — — — $1.7b $455.0m $2.4b $1.1b
Increase (Decrease) in Inventories ($117.0m) $393.0m $631.0m ($259.0m) ($42.0m) $618.0m $573.0m $873.0m $638.0m $709.0m
Inventories $117.0m ($393.0m) ($631.0m) $259.0m $42.0m ($618.0m) ($573.0m) ($873.0m) ($638.0m) ($709.0m)
Inventory Write-down $36.0m $8.0m $4.0m $179.0m — — — — — —
Investing Cash Flow — — — — — — ($3.4b) ($5.0b) ($5.0b) ($4.5b)
Loans to PT Smelting for expansion — — — $0 $0 ($36.0m) ($65.0m) ($129.0m) ($28.0m) $0
Net Business Purchase And Sale — — — — — — $0 $0 ($210.0m) $0
Net charges for defined pension and postretirement plans $113.0m $120.0m $81.0m $108.0m $65.0m $4.0m $45.0m $62.0m $35.0m $62.0m
Net charges for environmental and asset retirement obligations, including accretion $191.0m $383.0m $262.0m $221.0m $181.0m $540.0m $369.0m $295.0m $622.0m $291.0m
Nonoperating Income (Expense) — $49.0m — — — — — — — —
Operating Gains Losses — — — — — — ($40.0m) ($23.0m) ($43.0m) $25.0m
Other Non Cash Items — — — — — — $151.0m $5.0m $490.0m $95.0m
Other current assets $37.0m ($28.0m) ($28.0m) $60.0m ($27.0m) ($101.0m) ($12.0m) ($29.0m) ($41.0m) ($55.0m)
Other, net $8.0m ($25.0m) ($19.0m) ($30.0m) ($18.0m) ($41.0m) ($49.0m) ($10.0m) $0 $0
Payments for PTFI social investment programs — — — — — ($67.0m) ($11.0m) ($44.0m) ($54.0m) ($65.0m)
Payments for environmental and asset retirement obligations $242.0m $131.0m $239.0m $244.0m $216.0m $273.0m $274.0m $250.0m $234.0m $244.0m
Payments for withholding of employee taxes related to stock-based awards — — — ($8.0m) ($17.0m) ($29.0m) ($55.0m) ($50.0m) ($35.0m) ($23.0m)
Pension And Employee Benefit Expense — — — — — — ($9.0m) ($13.0m) ($43.0m) $25.0m
Pension plan contributions ($57.0m) ($174.0m) ($75.0m) ($75.0m) ($121.0m) ($109.0m) ($54.0m) ($75.0m) ($78.0m) ($37.0m)
Proceeds From Stock Option Exercised — — — — — — $125.0m $47.0m $29.0m $12.0m
Proceeds from Stock Options Exercised $0 $5.0m $8.0m $2.0m $51.0m $210.0m $125.0m $47.0m $29.0m $12.0m
Proceeds from exercised stock options ($6.0m) ($10.0m) — $2.0m $51.0m $210.0m $125.0m $47.0m $29.0m $12.0m
Purchase Of Business — — — — — — $0 $0 ($210.0m) $0
Repurchase Of Capital Stock — — — — — — ($1.3b) $0 ($59.0m) ($107.0m)
Stock Based Compensation — — — — — — $95.0m $109.0m $109.0m $121.0m
Stock-based compensation $86.0m $71.0m $76.0m $63.0m $99.0m $98.0m $95.0m $109.0m $109.0m $121.0m
Treasury stock purchases — — — $0 $0 ($488.0m) ($1.3b) $0 ($59.0m) ($107.0m)
Gain (Loss) on Derivative Instruments, Net, Pretax ($35.0m) — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $3.7b $4.7b $3.9b $1.5b $3.0b $7.7b $5.1b $5.3b $7.2b $5.6b
Cash flows from investing activities:
Capital Expenditure — — — — — — ($3.5b) ($4.8b) ($4.8b) ($4.5b)
Capital Expenditure Reported $2.8b $1.4b $2.0b $2.7b $2.0b $2.1b ($3.5b) ($4.8b) ($4.8b) ($4.5b)
Capital expenditures ($2.8b) ($1.4b) ($2.0b) ($2.7b) ($2.0b) ($2.1b) ($3.5b) ($4.8b) ($4.8b) ($4.5b)
Net Other Investing Changes — — — — — — $29.0m ($132.0m) ($10.0m) $22.0m
Payments for (Proceeds from) Other Investing Activities ($8.0m) $25.0m $97.0m $12.0m $7.0m $27.0m $14.0m $30.0m ($18.0m) ($22.0m)
Net Cash Provided by (Used in) Investing Activities $3.5b ($1.4b) ($5.0b) ($2.1b) ($1.3b) ($2.0b) ($3.4b) ($5.0b) ($5.0b) ($4.5b)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $5.7b $1.8b $2.3b $3.2b
Long Term Debt Issuance — — — — — — $5.7b $1.8b $2.3b $3.2b
Net Issuance Payments Of Debt — — — — — — $1.2b ($1.2b) ($521.0m) $381.0m
Net Long Term Debt Issuance — — — — — — $1.2b ($1.2b) ($521.0m) $381.0m
Proceeds from debt $3.7b $955.0m $632.0m $1.9b $3.5b $1.2b $5.7b $1.8b $2.3b $3.2b
Long Term Debt Payments — — — — — — ($4.5b) ($3.0b) ($2.8b) ($2.8b)
Repayment Of Debt — — — — — — ($4.5b) ($3.0b) ($2.8b) ($2.8b)
Repayments of debt ($7.6b) ($3.8b) ($2.7b) ($3.2b) ($3.7b) ($1.5b) ($4.5b) ($3.0b) ($2.7b) ($2.8b)
Net Common Stock Issuance — — — — — — ($1.3b) $0 ($59.0m) ($107.0m)
Proceeds from Issuance of Common Stock $1.5b $0 $0 — — — — — — —
Common Stock Payments — — — — — — ($1.3b) $0 ($59.0m) ($107.0m)
Payments for Repurchase of Common Stock — — — — — $488.0m $1.3b $0 $59.0m $107.0m
Payments of Ordinary Dividends, Common Stock $6.0m $2.0m $218.0m $291.0m $73.0m $331.0m $866.0m $863.0m $865.0m $865.0m
Contributions from noncontrolling interests — $0 $0 $165.0m $156.0m $182.0m $189.0m $50.0m $0 $0
Noncontrolling interests ($693.0m) ($174.0m) ($278.0m) ($82.0m) $0 ($583.0m) ($840.0m) ($625.0m) ($1.8b) ($1.3b)
Proceeds from (Payments to) Noncontrolling Interests — — — $165.0m $156.0m $182.0m $189.0m $50.0m $0 $0
Cash Dividends Paid — — — — — — ($866.0m) ($863.0m) ($865.0m) ($865.0m)
Common Stock Dividend Paid — — — — — — ($866.0m) ($863.0m) ($865.0m) ($865.0m)
Dividends Payable, Current — — $73.0m $73.0m $0 $220.0m $217.0m $218.0m $219.0m $219.0m
Payments of Dividends $699.0m $176.0m $496.0m $208.0m — — — — — —
Net Other Financing Charges — — — — — — ($748.0m) ($632.0m) ($1.9b) ($1.3b)
Proceeds from (Payments for) Other Financing Activities ($38.0m) ($22.0m) ($19.0m) ($30.0m) ($18.0m) ($41.0m) ($49.0m) ($7.0m) $0 $0
Net Cash Provided by (Used in) Financing Activities ($3.2b) ($3.1b) $900.0m ($1.6b) ($128.0m) ($1.3b) ($1.6b) ($2.6b) ($3.3b) ($1.9b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($255.0m) ($2.2b) $1.6b $4.4b $76.0m ($2.3b) ($1.2b) ($738.0m)
Net decrease in cash and cash equivalents and restricted cash and cash equivalents $4.1b $290.0m ($255.0m) ($2.2b) $1.6b $4.4b $76.0m ($2.3b) ($1.2b) ($738.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $4.4b $4.7b $4.5b $2.3b $3.9b $8.3b $8.4b $6.1b $4.9b $4.2b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $76.0m ($2.3b) ($1.2b) ($738.0m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $743.0m $565.0m $500.0m $591.0m $472.0m $640.0m $417.0m $419.0m $206.0m $256.0m
Income Taxes Paid, Net — — — — — — — — $2.6b $2.9b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.