Freeport-McMoRan's Income Statement Analysis: Revenue to Profit Breakdown
Freeport-McMoRan's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$22.36 B | $23.33 B | $22.71 B | $25.46 B | $25.74 B | $26.42 B |
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Cost of Revenue Direct cost of goods/services. |
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$14.07 B | $15.24 B | $15.83 B | $17.95 B | $18.80 B | $19.08 B |
Gross Profit Revenue minus cost of revenue. |
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$8.29 B | $8.09 B | $6.88 B | $7.50 B | $6.95 B | $7.35 B |
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Operating Expense
Costs to run business. |
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$474.00 M | $541.00 M | $798.00 M | $640.00 M | $655.00 M | $9.00 M |
Research and Development Investment in innovation. |
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- | - | - | - | - | $38.00 M |
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Sales, General and Administrative
Selling and admin costs. |
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$383.00 M | $420.00 M | $479.00 M | $513.00 M | $545.00 M | $553.00 M |
General and Administrative Corporate overhead costs. |
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- | - | - | - | - | $162.00 M |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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$91.00 M | $121.00 M | $319.00 M | $127.00 M | $110.00 M | -$582.00 M |
Operating Income Profit from operations. |
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$7.81 B | $7.55 B | $6.08 B | $6.86 B | $6.29 B | $7.34 B |
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Net Interest Income
Interest income minus expense. |
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-$602.00 M | -$560.00 M | -$515.00 M | -$319.00 M | -$369.00 M | -$413.00 M |
Interest Income Income from investments. |
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- | - | - | - | - | - |
Interest Expense Cost of borrowing. |
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$602.00 M | $560.00 M | $515.00 M | $319.00 M | $369.00 M | $413.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$448.00 M | $277.00 M | -$438.00 M | -$362.00 M | -$223.00 M | $36.00 M |
Total Other Income (Net) Net non-operating items. |
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-$149.00 M | -$806.00 M | -$62.00 M | $58.00 M | $82.00 M | -$223.00 M |
Income Before Tax Profit before taxes. |
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$7.66 B | $6.75 B | $6.02 B | $6.92 B | $6.37 B | $7.11 B |
Income Tax Expense Taxes on income. |
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$2.30 B | $2.27 B | $2.27 B | $2.52 B | $2.22 B | $2.37 B |
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Net Income
Final profit. |
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$4.30 B | $3.46 B | $1.84 B | $1.88 B | $2.20 B | $2.73 B |
Net Income From Continuing Operations Profit from core business. |
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$5.37 B | $4.48 B | $3.75 B | $4.40 B | $4.15 B | $4.74 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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-$7.00 M | -$7.00 M | -$6.00 M | -$6.00 M | - | $6.00 M |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$2.93 | $2.40 | $1.28 | $1.31 | $1.53 | $1.88 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$2.90 | $2.39 | $1.28 | $1.30 | $1.52 | $1.89 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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1.47 B | 1.44 B | 1.43 B | 1.45 B | 1.44 B | 1.44 B |
Diluted Average Shares Outst. Shares including dilution. |
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1.48 B | 1.45 B | 1.44 B | 1.45 B | 1.44 B | 1.44 B |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$8.26 B | $7.28 B | $6.52 B | $7.23 B | $6.51 B | $7.30 B |
EBITDA Earnings before interest, tax, D&A. |
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$10.26 B | $9.29 B | $8.59 B | $9.47 B | $8.76 B | $9.59 B |
Depreciation and Amortization Non-cash expense for assets. |
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$2.00 B | $2.02 B | $2.07 B | $2.24 B | $2.24 B | $2.29 B |
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Freeport-McMoRan's Assets vs Liabilities & Equity
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