FREEPORT-MCMORAN INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (Unaudited)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| (In Millions) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $5,208 | $4,758 |
| Restricted cash and cash equivalents | 1,034 | 1,208 |
| Trade accounts receivable | 1,494 | 1,209 |
| Income and other tax receivables | 744 | 455 |
| Inventories: | ||
| Product | 2,356 | 2,472 |
| Materials and supplies, net | 2,202 | 2,169 |
| Mill and leach stockpiles | 1,419 | 1,419 |
| Other current assets | 385 | 375 |
| Total current assets | 14,842 | 14,065 |
| Property, plant, equipment and mine development costs, net | 36,197 | 35,295 |
| Long-term mill and leach stockpiles | 1,313 | 1,336 |
| Other assets | 1,846 | 1,810 |
| Total assets | $54,198 | $52,506 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $3,672 | $3,729 |
| Accrued income taxes | 1,322 | 786 |
| Current portion of debt | 769 | 766 |
| Current portion of environmental and asset retirement obligations | 325 | 316 |
| Dividends payable | 217 | 218 |
| Total current liabilities | 6,305 | 5,815 |
| Long-term debt, less current portion | 8,656 | 8,656 |
| Environmental and asset retirement obligations, less current portion | 5,059 | 4,624 |
| Deferred income taxes | 4,500 | 4,453 |
| Other liabilities | 1,573 | 1,648 |
| Total liabilities | 26,093 | 25,196 |
| Equity: | ||
| Stockholders’ equity: | ||
| Common stock | 162 | 162 |
| Capital in excess of par value | 24,488 | 24,637 |
| Accumulated deficit | (1,586) | (2,059) |
| Accumulated other comprehensive loss | (274) | (274) |
| Common stock held in treasury | (5,817) | (5,773) |
| Total stockholders’ equity | 16,973 | 16,693 |
| Noncontrolling interests | 11,132 | 10,617 |
| Total equity | 28,105 | 27,310 |
| Total liabilities and equity | $54,198 | $52,506 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.