FREEPORT-MCMORAN INC

FCX 10-Q · Q3 2025

FCX Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Revenue 6,972 6,790 +2.7%
Show Business Segments breakouts
Atlantic Copper Smelting and Refining Segment · Intersegment Elimination 6 6 0.0%
Atlantic Copper Smelting and Refining Segment · Operating Segments 768 759 +1.2%
Cerro Verde · South America 226 193 +17.1%
Cerro Verde · South America 979 886 +10.5%
Corporate And Eliminations · Intersegment Elimination -2,308 -2,007 -15.0%
Grasberg Segment · ID 2,675 2,856 -6.3%
Molybdenum · Intersegment Elimination 177 132 +34.1%
Morenci · North America 653 553 +18.1%
Morenci · North America 46 40 +15.0%
Other Individually Immaterial Operating Segments · North America 1,229 986 +24.6%
Other Individually Immaterial Operating Segments · North America 12 12 0.0%
Other Individually Immaterial Operating Segments · South America 204 237 -13.9%
Other Individually Immaterial Operating Segments · South America 5
Rod and Refining Segment · Intersegment Elimination 12 11 +9.1%
Rod and Refining Segment · Operating Segments 1,774 1,560 +13.7%
Show Geography breakouts
North America · Intersegment Elimination 1,882 1,539 +22.3%
North America · Operating Segments 58 52 +11.5%
South America · Intersegment Elimination 231 193 +19.7%
South America · Operating Segments 1,183 1,123 +5.3%
Show Consolidation Items breakouts
Corporate And Eliminations 514 440 +16.8%
Direct Operating Costs 4,205 4,077 +3.1%
Cost Depreciation Amortization And Depletion 625 600 +4.2%
Show Business Segments breakouts
Atlantic Copper Smelting and Refining Segment · Operating Segments 7 6 +16.7%
Cerro Verde · South America 97 92 +5.4%
Grasberg Segment · ID 331 340 -2.6%
Molybdenum · Operating Segments 22 19 +15.8%
Morenci · North America 55 47 +17.0%
Other Individually Immaterial Operating Segments · North America 79 62 +27.4%
Other Individually Immaterial Operating Segments · South America 17 18 -5.6%
Rod and Refining Segment · Operating Segments 2 2 0.0%
Show Geography breakouts
North America · Operating Segments 134 109 +22.9%
South America · Operating Segments 114 110 +3.6%
Show Consolidation Items breakouts
Corporate And Eliminations 15 14 +7.1%
Cost of Revenue 4,830 4,677 +3.3%
Selling, General & Administrative 131 117 +12.0%
Show Business Segments breakouts
Atlantic Copper Smelting and Refining Segment · Operating Segments 7 6 +16.7%
Cerro Verde · South America 2 2 0.0%
Grasberg Segment · ID 36 32 +12.5%
Other Individually Immaterial Operating Segments · North America 1 1 0.0%
Show Geography breakouts
North America · Operating Segments 1 1 0.0%
South America · Operating Segments 2 2 0.0%
Show Consolidation Items breakouts
Corporate And Eliminations 85 76 +11.8%
Exploration Expense 55 38 +44.7%
Show Business Segments breakouts
Cerro Verde · South America 3 3 0.0%
Grasberg Segment · ID 2 2 0.0%
Morenci · North America 11 4 +175.0%
Other Individually Immaterial Operating Segments · North America 4 4 0.0%
Show Geography breakouts
North America · Operating Segments 15 8 +87.5%
South America · Operating Segments 3 2 +50.0%
Show Consolidation Items breakouts
Corporate And Eliminations 35 26 +34.6%
Gain Loss On Disposition Of Assets1 -16
Show Consolidation Items breakouts
Corporate And Eliminations -16
Total Costs & Expenses 5,000 4,852 +3.1%
Operating Income 1,972 1,938 +1.8%
Show Business Segments breakouts
Atlantic Copper Smelting and Refining Segment · Operating Segments 7 -1 +800.0%
Cerro Verde · South America 467 352 +32.7%
Grasberg Segment · ID 1,282 1,690 -24.1%
Molybdenum · Operating Segments 5 -27 +118.5%
Morenci · North America 134 50 +168.0%
Other Individually Immaterial Operating Segments · North America 262 120 +118.3%
Other Individually Immaterial Operating Segments · South America 26 33 -21.2%
Rod and Refining Segment · Operating Segments 11 7 +57.1%
Show Geography breakouts
North America · Operating Segments 396 170 +132.9%
South America · Operating Segments 493 385 +28.1%
Show Consolidation Items breakouts
Corporate And Eliminations -222 -286 +22.4%
Interest Income Expense Net -107 -72 -48.6%
Show Business Segments breakouts
Atlantic Copper Smelting and Refining Segment · Operating Segments -8 -10 +20.0%
Cerro Verde · South America -5 -6 +16.7%
Grasberg Segment · ID -25 -10 -150.0%
Show Geography breakouts
South America · Operating Segments -5 -6 +16.7%
Show Consolidation Items breakouts
Corporate And Eliminations -69 -46 -50.0%
Other Non-Operating Income (Expense) 59 97 -39.2%
Show Business Segments breakouts
Atlantic Copper Smelting and Refining Segment · Operating Segments -1 -7 +85.7%
Cerro Verde · South America 17 22 -22.7%
Grasberg Segment · ID 16 42 -61.9%
Morenci · North America -1 -1 0.0%
Other Individually Immaterial Operating Segments · North America 3 10 -70.0%
Other Individually Immaterial Operating Segments · South America 6 -2 +400.0%
Rod and Refining Segment · Operating Segments -1 -1 0.0%
Show Geography breakouts
North America · Operating Segments 2 9 -77.8%
South America · Operating Segments 23 20 +15.0%
Show Consolidation Items breakouts
Corporate And Eliminations 20 34 -41.2%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 1,924 1,963 -2.0%
Income Tax Expense (Benefit) -669 -737 +9.2%
Show Business Segments breakouts
Atlantic Copper Smelting and Refining Segment · Operating Segments 3 -1 +400.0%
Cerro Verde · South America -192 -148 -29.7%
Grasberg Segment · ID -466 -625 +25.4%
Other Individually Immaterial Operating Segments · South America -10 -10 0.0%
Show Geography breakouts
South America · Operating Segments -202 -158 -27.8%
Show Consolidation Items breakouts
Corporate And Eliminations -4 47 -108.5%
Income Loss From Equity Method Investments -8 10 -180.0%
Show Business Segments breakouts
Grasberg Segment · ID -9 6 -250.0%
Show Consolidation Items breakouts
Corporate And Eliminations 1 4 -75.0%
Net Income 1,247 1,236 +0.9%
Net Income Loss Attributable To Noncontrolling Interest 573 710 -19.3%
Show Business Segments breakouts
Cerro Verde · South America 143 114 +25.4%
Grasberg Segment · ID 436 601 -27.5%
Other Individually Immaterial Operating Segments · South America 2 12 -83.3%
Show Geography breakouts
South America · Operating Segments 145 126 +15.1%
Show Equity Components breakouts
Noncontrolling Interest 573 710 -19.3%
Show Consolidation Items breakouts
Corporate And Eliminations -8 -17 +52.9%
Net Income Loss Available To Common Stockholders Basic 674 526 +28.1%
Show Equity Components breakouts
Parent 674 526 +28.1%
Retained Earnings 674 526 +28.1%
EPS (Basic) 0.46 0.36 +27.8%
EPS (Diluted) 0.46 0.36 +27.8%
Wtd Avg Shares (Basic) 1,437 1,438 -0.1%
Wtd Avg Shares (Diluted) 1,443 1,444 -0.1%
Common Stock Dividends Per Share Declared 0.15 0.15 0.0%
Revenue 6,819 6,680 +2.1%
Comprehensive Income 675 527 +28.1%
Revenue From Contract With Customer Including Assessed Tax (Q)
Show Product Lines breakouts
Copper Cathode 1,817 2,072 -12.3%
Copper In Concentrates 1,967 1,788 +10.0%
Gold 1,204 1,394 -13.6%
Molybdenum 504 450 +12.0%
Purchased Copper 18 150 -88.0%
Refined Copper Products 1,330 1,012 +31.4%
Silver And Other 223 173 +28.9%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents 4,318 5,000 -13.6%
Restricted Cash And Cash Equivalents At Carrying Value 230
Accounts Receivable 916 979 -6.4%
Value Added Tax Receivable Current 548 570 -3.9%
Product 2,864 2,709 +5.7%
Inventory Raw Materials And Supplies Net Of Reserves 2,633 2,328 +13.1%
Inventory Milland Stockpileson Leach Pads Current 1,501 1,406 +6.8%
Other Assets Current 554
Total Current Assets 13,564 14,545 -6.7%
Non-Current Assets
Property, Plant & Equipment 40,257 37,750 +6.6%
Inventory Noncurrent 1,091 1,257 -13.2%
Other Non-Current Assets 1,916
Total Assets 56,828 55,400 +2.6%
Show Business Segments breakouts
Atlantic Copper Smelting and Refining Segment · Operating Segments 1,615 1,491 +8.3%
Cerro Verde · South America 8,290 8,276 +0.2%
Grasberg Segment · ID 27,464 27,474 -0.0%
Molybdenum · Operating Segments 2,037 1,955 +4.2%
Morenci · North America 3,289 3,172 +3.7%
Other Individually Immaterial Operating Segments · North America 7,342 6,647 +10.5%
Other Individually Immaterial Operating Segments · South America 2,147 2,013 +6.7%
Rod and Refining Segment · Operating Segments 389 294 +32.3%
Show Geography breakouts
North America · Operating Segments 10,631 9,819 +8.3%
South America · Operating Segments 10,437 10,289 +1.4%
Show Consolidation Items breakouts
Corporate And Eliminations 4,255 4,078 +4.3%
Current Liabilities
Accounts Payable And Accrued Liabilities Current 4,098 3,824 +7.2%
Accrued Income Taxes Current 528 1,072 -50.7%
Current Portion of Long-Term Debt 383 769 -50.2%
Environmental And Asset Retirement Obligations Current 299 364 -17.9%
Dividends Payable Current 218 218 0.0%
Total Current Liabilities 5,526 6,247 -11.5%
Non-Current Liabilities
Long-Term Debt 8,915 8,910 +0.1%
Environmental And Asset Retirement Obligations Noncurrent 5,457 5,103 +6.9%
Deferred Tax Liabilities 4,359 4,492 -3.0%
Other Non-Current Liabilities 2,174 1,782 +22.0%
Total Liabilities 26,431 26,534 -0.4%
Long-Term Debt (Q)
Show Legal Entity breakouts
FCX · Senior Notes 5,285 6,010 -12.1%
Freeport McMoRan Corporation · Subordinated Debt 352 353 -0.3%
PT-FI · Senior Notes 2,985 2,982 +0.1%
Show Long-Term Debt Type breakouts
Line Of Credit 403
Other 23 84 -72.6%
Stockholders' Equity
Common Stock 163 162 +0.6%
Additional Paid-In Capital 23,660 23,997 -1.4%
Retained Earnings 1,196 -444 +369.4%
Accumulated Other Comprehensive Income -310 -273 -13.6%
Treasury Stock Value -6,024 -5,894 -2.2%
Total Stockholders' Equity 18,685 17,548 +6.5%
Minority Interest 11,712 11,318 +3.5%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 30,397 28,866 +5.3%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -310 -273 -13.6%
Additional Paid In Capital 23,660 23,997 -1.4%
Common Stock 163 162 +0.6%
Noncontrolling Interest 11,712 11,318 +3.5%
Parent 18,685 17,548 +6.5%
Retained Earnings 1,196 -444 +369.4%
Treasury Stock Common -6,024 -5,894 -2.2%
Total Liabilities & Equity 56,828 55,400 +2.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Depreciation & Amortization 1,759 1,704 +3.2%
Increase Decreasein Environmental And Asset Retirement Obligations 166 382 -56.5%
Paymentsfor Environmental Liabilities And Asset Retirement Obligations -177 -157 -12.7%
Stock-Based Compensation 98 94 +4.3%
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash 43 29 +48.3%
Pension And Other Postretirement Benefit Contributions -29 -58 +50.0%
Deferred Income Taxes And Tax Credits -16 36 -144.4%
Social Investment Programs 77 81 -4.9%
Payments For Social Investment Programs -44 -50 +12.0%
Other Operating Activities Cash Flow Statement -21 14 -250.0%
Increase Decrease In Receivables -433 93 -565.6%
Change in Inventory -113 -301 +62.5%
Increase Decrease In Other Current Assets 46 -24 +291.7%
Increase Decrease In Accounts Payable And Accrued Liabilities 283 -79 +458.2%
Increase Decrease In Accrued Taxes Payable -293 282 -203.9%
Net Cash from Operations 4,917 5,724 -14.1%
Investing Activities
Payments To Acquire Productive Assets -3,489 -3,569 +2.2%
Show Business Segments breakouts
All Other Segments -358 -263 -36.1%
Atlantic Copper Smelting and Refining Segment · Operating Segments -130 -88 -47.7%
Cerro Verde · South America -251 -209 -20.1%
Grasberg Segment · ID -1,927 -2,203 +12.5%
Indonesia Segment -1,927 -2,203 +12.5%
Molybdenum -74 -88 +15.9%
Molybdenum · Operating Segments -74 -88 +15.9%
Morenci · North America -195 -139 -40.3%
North America Copper Mines Segment -843 -743 -13.5%
Other Individually Immaterial Operating Segments · North America -648 -604 -7.3%
Other Individually Immaterial Operating Segments · South America -36 -63 +42.9%
Rod and Refining Segment · Operating Segments -62 -23 -169.6%
South America Mines Segment -287 -272 -5.5%
Show Geography breakouts
North America · Operating Segments -843 -743 -13.5%
South America · Operating Segments -287 -272 -5.5%
Show Consolidation Items breakouts
Corporate And Eliminations -166 -152 -9.2%
Proceeds From Insurance Settlement Investing Activities 25
Other Investing Activities -22 -10 -120.0%
Net Cash from Investing -3,442 -3,797 +9.3%
Financing Activities
Proceeds From Issuance Of Debt 2,180 1,948 +11.9%
Debt Repayments -1,843 -1,699 -8.5%
Finance Lease Principal Payments -24 -38 +36.8%
Payments Of Dividends Common Stock -649 -649 0.0%
Payments Of Dividends Minority Interest -1,274 -1,269 -0.4%
Share Repurchases -107 -59 -81.4%
Proceeds From Stock Options Exercised 6 27 -77.8%
Tax Withholding for Share Compensation -22 -35 +37.1%
Net Cash from Financing -1,733 -1,774 +2.3%
Other Cash Flow
Net Change in Cash -258 153 -268.6%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 4,653 6,216 -25.1%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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