← 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
Total Revenue $14.8b $16.4b $18.9b $14.3b $13.9b $22.4b $23.3b $22.7b $25.2b $25.2b
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $10.1b $12.0b $13.4b $11.5b $10.0b $12.0b $13.0b $13.6b $17.8b $18.6b
Cost of Goods and Services Sold $17.6b $12.0b $13.4b $13.1b $11.7b $14.0b $15.1b $15.7b $17.8b $18.6b
Total cost of sales $17.6b $12.0b $13.4b $13.1b $11.7b $14.0b $15.1b $15.7b $17.8b $18.6b
Gross Profit (Calculated) ($2.8b) $4.4b $5.5b $1.2b $2.2b $8.4b $8.2b $7.0b $7.4b $6.6b
Operating Income (Loss) ($2.8b) $3.6b $4.8b $1.1b $2.4b $8.4b $7.0b $6.2b $6.9b $6.5b
Additional Financial Items
Depreciation, depletion and amortization $2.5b $1.7b $1.8b $1.4b $1.5b $2.0b $2.0b $2.1b $2.2b $2.2b
Equity in affiliated companies’ net earnings $11.0m $10.0m $8.0m $12.0m $12.0m $5.0m $31.0m $15.0m $15.0m $1.0m
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
Gain on sales of assets ($649.0m) ($81.0m) ($208.0m) ($417.0m) ($473.0m) ($80.0m) ($2.0m) $0 $0 ($16.0m)
Goodwill, Impairment Loss $0 — — — — — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($5.2b) $20.0m $390.0m ($287.0m) ($40.0m) $1.9b $840.0m $68.0m ($547.0m) $405.0m
Income (Loss) from Continuing Operations, Per Basic Share — — $2 ($0) $0 $3 $2 $1 $1 $2
Income (Loss) from Continuing Operations, Per Diluted Share — $1 $2 ($0) $0 $3 $2 $1 $1 $2
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
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 income, net $49.0m $49.0m $76.0m ($138.0m) $59.0m ($105.0m) $207.0m $286.0m $362.0m $223.0m
Preferred Stock Dividends and Other Adjustments ($161.0m) $0 $0 — — — — — — —
Production and delivery $10.7b $10.3b $11.7b $11.5b $10.0b $12.0b $13.0b $13.6b $15.6b $16.4b
Provision for (benefit from) income taxes ($371.0m) ($883.0m) ($991.0m) ($510.0m) ($944.0m) ($2.3b) ($2.3b) ($2.3b) ($2.5b) ($2.2b)
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $3.0m $4.0m $4.0m $3.0m $3.0m $7.0m $7.0m $6.0m $6.0m $7.0m
Gain (Loss) on Derivative Instruments, Net, Pretax ($35.0m) — — — — — — — — —
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 — — — —
Income before income taxes and equity in affiliated companies’ net earnings ($3.5b) $2.9b $3.9b $306.0m $1.8b $7.7b $6.7b $6.0b $6.9b $6.4b
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
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 attributable to noncontrolling interests ($227.0m) ($274.0m) ($292.0m) ($50.0m) ($266.0m) ($1.1b) ($1.0b) ($1.9b) ($2.5b) ($1.9b)
Basic ($2.96) $1.21 $1.80 ($0.17) $0.41 $2.93 $2.40 $1.28 $1.31 $1,437,000,000.00
Common Stock, Dividends, Per Share, Declared $0.00 $0.00 $0.20 $0.20 $0.00 $0.38 $0.60 $0.60 $0.60 $0.60
Diluted ($2.96) $1.21 $1.79 ($0.17) $0.41 $2.90 $2.39 $1.28 $1.30 $1,443,000,000.00
Earnings Per Share, Basic $0.00 $0.00 $1.79 ($0.17) $0.41 $2.93 $0.60 $0.60 $0.60 $0.60
Earnings Per Share, Diluted — $1.25 $1.78 ($0.17) $0.41 $2.90 — — — —
Weighted Average Number of Shares Outstanding, Basic — 1.4b 1.4b 1.5b 1.5b 1.5b 1.4b 1.4b 1.4b 1.4b
Weighted Average Number of Shares Outstanding, Diluted — 1.5b 1.5b 1.5b 1.5b 1.5b 1.5b 1.4b 1.4b 1.4b
Other income (expense)
Costs and Expenses $17.6b $12.8b $13.9b $13.3b $11.8b $14.5b $15.7b $16.6b $18.6b $19.4b
Current Income Tax Expense (Benefit) $171.0m $1.4b $1.4b $482.0m $764.0m $2.5b $2.2b $2.1b $2.6b $2.0b
Environmental Remediation Expense $20.0m $251.0m $89.0m $105.0m $159.0m $91.0m $121.0m $319.0m $127.0m $58.0m
Environmental obligations and shutdown costs $20.0m $251.0m $89.0m $105.0m $159.0m $91.0m $121.0m $319.0m $127.0m $58.0m
Exploration Expense $63.0m $93.0m $105.0m $104.0m $50.0m $55.0m $115.0m $137.0m $156.0m $192.0m
Interest expense, net ($755.0m) ($801.0m) ($945.0m) ($620.0m) ($598.0m) ($602.0m) ($560.0m) ($515.0m) ($319.0m) ($369.0m)
Other Nonoperating Income (Expense) $49.0m $49.0m $76.0m ($138.0m) $59.0m ($105.0m) $207.0m $286.0m $362.0m $223.0m
Selling, General and Administrative Expense $607.0m $484.0m $443.0m $414.0m $370.0m $383.0m $420.0m $479.0m $513.0m $545.0m
Selling, general and administrative expenses $607.0m $484.0m $443.0m $414.0m $370.0m $383.0m $420.0m $479.0m $513.0m $545.0m
Share-based Payment Arrangement, Expensed and Capitalized, Amount $89.0m $71.0m $74.0m $63.0m $99.0m $98.0m $95.0m $109.0m — —
Income Tax Expense (Benefit) $371.0m $883.0m $991.0m $510.0m $944.0m $2.3b $2.3b $2.3b $2.5b $2.2b
Interest Income (Expense), Net ($755.0m) ($801.0m) ($945.0m) ($620.0m) ($598.0m) ($602.0m) ($560.0m) ($515.0m) ($319.0m) ($369.0m)
Nonoperating Income (Expense) — $49.0m — — — — — — — —
Total costs and expenses $17.6b $12.8b $13.9b $13.3b $11.8b $14.5b $15.7b $16.6b $18.6b $19.4b

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.