FREEPORT-MCMORAN INC
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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.
Sep 30, 2026 · Filed Nov 6, 2026
FCX$60.31-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| 2026 | 2025 | |
| (In Millions) | ||
| Cash flow from operating activities: | ||
| Net income | $4,466 | $3,587 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 1,557 | 1,759 |
| Gain on PTFI mud rush incident insurance settlement | (699) | — |
| Proceeds from PTFI mud rush incident insurance settlement | 699 | — |
| Gain on sale of assets | (18) | (16) |
| Net charges for environmental and asset retirement obligations, including accretion | 237 | 166 |
| Payments for environmental and asset retirement obligations | (151) | (177) |
| Stock-based compensation | 131 | 98 |
| Net charges for defined pension and postretirement plans | 34 | 43 |
| Pension plan contributions | (59) | (29) |
| Deferred income taxes | 149 | (16) |
| Charges for PTFI social investment programs | 40 | 77 |
| Payments for PTFI social investment programs | (35) | (44) |
| Other, net | 18 | (21) |
| Changes in working capital and other: | ||
| Accounts receivable | (30) | (433) |
| Inventories | (601) | (113) |
| Other current assets | (69) | 46 |
| Accounts payable and accrued liabilities | (64) | 283 |
| Accrued income taxes and timing of other tax payments | (81) | (293) |
| Net cash provided by operating activities | 5,524 | 4,917 |
| Cash flow from investing activities: | ||
| Capital expenditures: | ||
| U.S. copper mines | (827) | (843) |
| South America operations | (477) | (287) |
| Indonesia operations | (1,435) | (1,927) |
| Molybdenum mines | (69) | (74) |
| Other | (428) | (358) |
| Acquisition of additional ownership interest in Cerro Verde | (107) | — |
| Other, net | 30 | 47 |
| Net cash used in investing activities | (3,313) | (3,442) |
| Cash flow from financing activities: | ||
| Proceeds from debt | 2,919 | 2,180 |
| Repayments of debt | (2,904) | (1,843) |
| Finance lease payments | (32) | (24) |
| Cash dividends and distributions paid: | ||
| Common stock | (650) | (649) |
| Noncontrolling interests | (625) | (1,274) |
| Treasury stock purchases | (305) | (107) |
| Proceeds from exercised stock options | 27 | 6 |
| Payments for withholding of employee taxes related to stock-based awards | (44) | (22) |
| Debt issuance costs | (11) | — |
| Net cash used in financing activities | (1,625) | (1,733) |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | 586 | (258) |
| 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 | $4,759 | $4,653 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.