NYSE: FCX
FREEPORT-MCMORAN INCCIK 0000831259 · SIC 1000 · Metal Mining
Mega
Revenue $25.9B
Assets $59.7B
as of Aug 31, 2026
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10-Q
Filed Aug 6, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed Jul 23, 2026
· Period ending Jul 23, 2026
Summary not yet generated.
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8-K
Filed Jun 10, 2026
· Period ending Jun 10, 2026
Summary not yet generated.
8-K
Filed May 20, 2026
· Period ending May 14, 2026
Summary not yet generated.
10-Q
Filed May 8, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-K
Filed Feb 13, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K
Filed Feb 14, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
10-K/A
Filed Feb 18, 2022
· Period ending Dec 31, 2021
Summary not yet generated.
424B5
Filed Jul 15, 2020
Summary not yet generated.
424B5
Filed Jul 13, 2020
Summary not yet generated.
424B5
Filed Feb 20, 2020
Summary not yet generated.
424B3
Filed May 18, 2017
Summary not yet generated.
424B3
Filed Sep 9, 2013
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 6, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Income (Unaudited)
(In Millions, Except Per Share Amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues | 7,029 | 7,582 | 13,263 | 13,310 |
| Cost of sales: | ||||
| Production and delivery | 4,320 | 4,282 | 8,385 | 8,038 |
| Depreciation, depletion and amortization | 523 | 668 | 1,037 | 1,134 |
| Total cost of sales | 4,843 | 4,950 | 9,422 | 9,172 |
| Selling, general and administrative expenses | 135 | 127 | 297 | 281 |
| Exploration and research expenses | 53 | 46 | 91 | 85 |
| Environmental obligations and shutdown costs | 13 | 27 | 30 | 37 |
| Gain on PTFI mud rush incident insurance settlement | — | — | (699) | — |
| Gain on sale of assets | (18) | — | (18) | — |
| Total costs and expenses | 5,026 | 5,150 | 9,123 | 9,575 |
| Operating income | 2,003 | 2,432 | 4,140 | 3,735 |
| Interest expense, net | (95) | (82) | (209) | (152) |
| Other income, net | 22 | 41 | 33 | 99 |
| Income before income taxes and equity in affiliated companies’ net earnings | 1,930 | 2,391 | 3,964 | 3,682 |
| Provision for income taxes | (544) | (850) | (1,197) | (1,350) |
| Equity in affiliated companies’ net earnings | 5 | 6 | 11 | 8 |
| Net income | 1,391 | 1,547 | 2,778 | 2,340 |
| Net income attributable to noncontrolling interests | (407) | (775) | (913) | (1,216) |
| Net income attributable to common stockholders | 984 | 772 | 1,865 | 1,124 |
| Net income per share attributable to common stockholders: | ||||
| Basic | 0.68 | 0.53 | 1.29 | 0.78 |
| Diluted | 0.68 | 0.53 | 1.29 | 0.77 |
| Weighted-average shares of common stock outstanding: | ||||
| Basic | 1,438 | 1,437 | 1,439 | 1,438 |
| Diluted | 1,443 | 1,443 | 1,444 | 1,444 |
| Dividends declared per share of common stock | 0.15 | 0.15 | 0.30 | 0.30 |
Consolidated Balance Sheets (Unaudited)
(In Millions)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 4,080 | 3,824 |
| Restricted cash and cash equivalents | 278 | 230 |
| Trade accounts receivable | 716 | 977 |
| Value added and other tax receivables | 654 | 686 |
| Inventories: | ||
| Product | 3,363 | 3,332 |
| Materials and supplies, net | 2,924 | 2,738 |
| Mill and leach stockpiles | 1,577 | 1,423 |
| Other current assets | 573 | 580 |
| Total current assets | 14,165 | 13,790 |
| Property, plant, equipment and mine development costs, net | 41,705 | 40,736 |
| Long-term mill and leach stockpiles | 1,074 | 1,173 |
| Long-term tax receivables | 1,066 | 810 |
| Other assets | 1,717 | 1,658 |
| Total assets | 59,727 | 58,167 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | 4,582 | 4,565 |
| Current portion of debt | 1,220 | 466 |
| Accrued income taxes | 509 | 456 |
| Current portion of environmental and asset retirement obligations | 327 | 313 |
| Dividends payable common stock | 218 | 219 |
| Total current liabilities | 6,856 | 6,019 |
| Long-term debt, less current portion | 8,166 | 8,913 |
| Environmental and asset retirement obligations, less current portion | 5,616 | 5,541 |
| Deferred income taxes | 4,658 | 4,622 |
| Long-term leases, less current portion | 973 | 1,010 |
| Other liabilities | 1,236 | 1,296 |
| Total liabilities | 27,505 | 27,401 |
| Equity: | ||
| Stockholders’ equity: | ||
| Common stock | 163 | 163 |
| Capital in excess of par value | 23,659 | 23,680 |
| Retained earnings | 2,817 | 1,385 |
| Accumulated other comprehensive loss | (303) | (305) |
| Common stock held in treasury | (6,227) | (6,024) |
| Total stockholders’ equity | 20,109 | 18,899 |
| Noncontrolling interests | 12,113 | 11,867 |
| Total equity | 32,222 | 30,766 |
| Total liabilities and equity | 59,727 | 58,167 |
Consolidated Statements of Cash Flows (Unaudited)
(In Millions)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flow from operating activities: | ||
| Net income | 2,778 | 2,340 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 1,037 | 1,134 |
| Gain on PTFI mud rush incident insurance settlement | (699) | — |
| Proceeds from PTFI mud rush incident insurance settlement | 699 | — |
| Gain on sale of assets | (18) | — |
| Net charges for environmental and asset retirement obligations, including accretion | 147 | 116 |
| Payments for environmental and asset retirement obligations | (96) | (113) |
| Stock-based compensation | 103 | 74 |
| Net charges for defined pension and postretirement plans | 24 | 29 |
| Pension plan contributions | (40) | (9) |
| Deferred income taxes | 35 | 34 |
| Charges for PTFI social investment programs | 26 | 50 |
| Payments for PTFI social investment programs | (24) | (41) |
| Other, net | 28 | (19) |
| Changes in working capital and other: | ||
| Accounts receivable | 268 | (320) |
| Inventories | (171) | (62) |
| Other current assets | (48) | 16 |
| Accounts payable and accrued liabilities | (362) | 428 |
| Accrued income taxes and timing of other tax payments | (144) | (404) |
| Net cash provided by operating activities | 3,543 | 3,253 |
| Cash flow from investing activities: | ||
| Capital expenditures: | ||
| U.S. copper mines | (496) | (528) |
| South America operations | (285) | (177) |
| Indonesia operations | (972) | (1,444) |
| Molybdenum mines | (49) | (46) |
| Other | (275) | (238) |
| Acquisition of additional ownership interest in Cerro Verde | (107) | — |
| Other, net | 7 | 1 |
| Net cash used in investing activities | (2,177) | (2,432) |
| Cash flow from financing activities: | ||
| Proceeds from debt | 2,077 | 1,630 |
| Repayments of debt | (2,072) | (1,338) |
| Finance lease payments | (24) | (15) |
| Cash dividends and distributions paid: | ||
| Common stock | (434) | (433) |
| Noncontrolling interests | (359) | (625) |
| Treasury stock purchases | (203) | (107) |
| Proceeds from exercised stock options | 22 | 2 |
| Payments for withholding of employee taxes related to stock-based awards | (44) | (22) |
| Debt issuance costs | (11) | — |
| Net cash used in financing activities | (1,048) | (908) |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | 318 | (87) |
| Cash and cash equivalents and restricted cash and cash equivalents at beginning of year | 4,173 | 4,911 |
| Cash and cash equivalents and restricted cash and cash equivalents at end of period | 4,491 | 4,824 |
Amounts as printed on the EDGAR/iXBRL face — (In Millions, Except Per Share Amounts); (In Millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗