Freeport-McMoRan (FCX) balance sheet
NYSE · Basic Materials · Copper · 29,000 employees · CEO Kathleen L. Quirk
- Price
- $62.45 -5.58%
- Market cap
- $89.8B
- Enterprise value
- $95.8B
- Last report
- Q3 '26 filed 2026-10-27
- Next report
- 2027-01-28 EPS est. $1.03
At the end of Q3 '26 Freeport-McMoRan (FCX) held $4.34B in cash and short-term investments against $10.4B of debt incl. leases. Total assets $61.5B, total liabilities $27.9B, shareholders' equity $21B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $4.76B | $6.14B | $6.2B | $6.02B | $3.92B | $4.55B | $4.02B | $3.85B | $3.35B | $4.02B | $4.08B | $4.34B | |
| Short-term investments | $0 | $100M | $100M | $100M | $0 | $300M | $700M | $700M | $700M | $0 | $0 | $0 | |
| Receivables | $1.66B | $2.24B | $1.56B | $1.55B | $1.14B | $1.31B | $1.42B | $1.46B | $1.68B | $2.05B | $716M | $1.63B | |
| Inventory | $6.06B | $5.98B | $6.47B | $6.44B | $6.81B | $7.07B | $6.95B | $7B | $7.49B | $7.42B | $7.86B | $8.43B | |
| Other current assets | $1.58B | $385M | $389M | $436M | $1.42B | $575M | $547M | $554M | $563M | $609M | $851M | $908M | |
| Current assets | $14.1B | $14.8B | $14.7B | $14.5B | $13.3B | $13.8B | $13.6B | $13.6B | $13.8B | $14.1B | $14.2B | $15.3B | |
| Property, plant & equipment (net) | $35.3B | $36.2B | $36.8B | $37.8B | $38.5B | $39.2B | $39.8B | $40.3B | $40.7B | $41.1B | $41.7B | $42.3B | |
| Long-term investments | $207M | $98M | $99M | $99M | $456M | $105M | $104M | $105M | $1.67B | $832M | $0 | $0 | |
| Intangible assets | $422M | $0 | $0 | $0 | $428M | $0 | $0 | $0 | $432M | $0 | $0 | $0 | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.07B | $0 | |
| Other non-current assets | $2.52B | $3.06B | $3.03B | $3.01B | $2.15B | $2.92B | $2.92B | $2.9B | $1.54B | $2.82B | $2.79B | $3.85B | |
| Non-current assets | $38.4B | $39.4B | $39.9B | $40.9B | $41.6B | $42.2B | $42.9B | $43.3B | $44.4B | $44.7B | $45.6B | $46.2B | |
| Total assets | $52.5B | $54.2B | $54.6B | $55.4B | $54.8B | $56B | $56.5B | $56.8B | $58.2B | $58.8B | $59.7B | $61.5B | |
| Liabilities | |||||||||||||
| Accounts payable | $2.47B | $3.66B | $3.91B | $3.82B | $2.79B | $4.08B | $4.29B | $4.1B | $2.95B | $4.14B | $4.58B | $4.73B | |
| Accrued expenses | $472M | $0 | $0 | $0 | $489M | $0 | $0 | $0 | $530M | $0 | $0 | $0 | |
| Short-term debt | $850M | $769M | $768M | $769M | $41M | $495M | $338M | $383M | $569M | $500M | $1.22B | $1.68B | |
| Taxes payable | $786M | $1.32B | $898M | $1.07B | $859M | $0 | $389M | $528M | $456M | $725M | $509M | $590M | |
| Deferred revenue | $161M | $0 | $0 | $0 | $91M | $0 | $0 | $0 | $106M | $0 | $0 | $0 | |
| Other current liabilities | $1.08B | $325M | $578M | $582M | $1.13B | $513M | $516M | $517M | $1.41B | $540M | $836M | $1.18B | |
| Current liabilities | $5.82B | $6.31B | $6.14B | $6.25B | $5.5B | $5.94B | $5.53B | $5.53B | $6.02B | $5.91B | $6.86B | $7.59B | |
| Long-term debt | $8.66B | $8.66B | $8.66B | $8.91B | $8.91B | $8.91B | $8.91B | $8.92B | $9.92B | $8.91B | $8.17B | $7.72B | |
| Lease obligations (non-current) | $347M | $0 | $0 | $0 | $692M | $0 | $0 | $0 | $1.01B | $987M | $973M | $958M | |
| Deferred tax liabilities | $4.45B | $4.5B | $4.49B | $4.49B | $4.38B | $4.4B | $4.41B | $4.36B | $4.62B | $4.64B | $4.66B | $4.77B | |
| Other non-current liabilities | $5.93B | $6.63B | $6.66B | $6.89B | $6.6B | $7.55B | $7.64B | $7.63B | $5.83B | $6.88B | $6.85B | $6.83B | |
| Non-current liabilities | $19.4B | $19.8B | $19.8B | $20.3B | $20.6B | $20.9B | $21B | $20.9B | $21.4B | $21.4B | $20.6B | $20.3B | |
| Total liabilities | $25.2B | $26.1B | $25.9B | $26.5B | $26.1B | $26.8B | $26.5B | $26.4B | $27.4B | $27.3B | $27.5B | $27.9B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $162M | $162M | $162M | $162M | $162M | $163M | $163M | $163M | $163M | $163M | $163M | $163M | |
| Retained earnings | -$2.06B | -$1.59B | -$970M | -$444M | -$170M | $182M | $738M | $1.2B | $1.39B | $2.05B | $2.82B | $3.78B | |
| Accumulated other comprehensive income | -$274M | -$274M | -$274M | -$273M | -$314M | -$313M | -$311M | -$310M | -$305M | -$304M | -$303M | -$302M | |
| Shareholders' equity | $16.7B | $17B | $17.4B | $17.5B | $17.6B | $17.7B | $18.2B | $18.7B | $18.9B | $19.5B | $20.1B | $21B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $9.85B | $9.43B | $9.43B | $9.68B | $9.74B | $9.4B | $9.25B | $9.3B | $11.5B | $10.4B | $10.4B | $10.4B | |
| Net debt (debt - cash) | $5.1B | $3.28B | $3.22B | $3.66B | $5.82B | $4.86B | $5.23B | $5.45B | $8.15B | $6.38B | $6.28B | $6.02B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $4.25B | $4.53B | $4.22B | $2.02B | $3.66B | $8.07B | $8.15B | $5.67B | $3.92B | $3.35B | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300M | $0 | $700M | |
| Receivables | $1.22B | $1.67B | $1.32B | $1.17B | $1.41B | $1.74B | $1.8B | $1.66B | $1.14B | $1.68B | |
| Inventory | $3.64B | $3.89B | $4.76B | $3.96B | $3.89B | $4.5B | $5.18B | $6.06B | $6.81B | $7.49B | |
| Other current assets | $543M | $577M | $422M | $655M | $341M | $523M | $492M | $375M | $1.42B | $563M | |
| Current assets | $10.4B | $10.8B | $10.7B | $7.8B | $9.3B | $14.8B | $15.6B | $14.1B | $13.3B | $13.8B | |
| Property, plant & equipment (net) | $23.3B | $22.8B | $28.5B | $29.6B | $29.8B | $30.3B | $32.6B | $35.3B | $38.5B | $40.7B | |
| Long-term investments | $303M | $262M | $316M | $303M | $295M | $232M | $262M | $639M | $456M | $1.67B | |
| Intangible assets | $305M | $306M | $398M | $402M | $401M | $412M | $416M | $422M | $428M | $432M | |
| Deferred tax assets | $3.77B | $3.62B | $4.03B | -$705M | -$696M | -$644M | $4.27B | $0 | $0 | $0 | |
| Other non-current assets | -$787M | -$511M | -$1.26B | $3.43B | $3.02B | $2.85B | -$2.09B | $2.09B | $2.15B | $1.54B | |
| Non-current assets | $26.9B | $26.5B | $32B | $33B | $32.8B | $33.2B | $35.5B | $38.4B | $41.6B | $44.4B | |
| Total assets | $37.3B | $37.3B | $42.7B | $40.8B | $42.1B | $48B | $51.1B | $52.5B | $54.8B | $58.2B | |
| Liabilities | |||||||||||
| Accounts payable | $1.54B | $1.55B | $1.66B | $1.65B | $1.47B | $2.04B | $2.7B | $2.47B | $2.79B | $2.95B | |
| Accrued expenses | $400M | $477M | $634M | $630M | $837M | $857M | $866M | $472M | $489M | $530M | |
| Short-term debt | $1.23B | $1.41B | $17M | $5M | $34M | $372M | $1.04B | $850M | $41M | $569M | |
| Taxes payable | $66M | $565M | $199M | $119M | $324M | $1.54B | $744M | $786M | $989M | $456M | |
| Deferred revenue | $82M | $91M | $35M | $12M | $65M | $191M | $76M | $161M | $91M | $106M | |
| Other current liabilities | $961M | $925M | $1.1B | $505M | $442M | $454M | $463M | $862M | $1.13B | $1.19B | |
| Current liabilities | $4.27B | $5.04B | $3.32B | $3.21B | $3.42B | $5.89B | $6.35B | $5.82B | $5.5B | $6.02B | |
| Long-term debt | $14.8B | $11.8B | $11.1B | $9.82B | $9.68B | $9.08B | $9.58B | $9B | $8.91B | $9.92B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $204M | $190M | $281M | $294M | $347M | $692M | $1.01B | |
| Deferred tax liabilities | $3.77B | $3.62B | $4.87B | $4.21B | $4.41B | $4.23B | $4.27B | $4.45B | $4.38B | $4.62B | |
| Other non-current liabilities | $5.23B | $9.28B | $9.87B | $5.92B | $5.78B | $5.52B | $5.73B | $5.58B | $6.6B | $5.83B | |
| Non-current liabilities | $23.8B | $21B | $21.9B | $20.2B | $20.1B | $19.1B | $19.9B | $19.4B | $20.6B | $21.4B | |
| Total liabilities | $28.1B | $26B | $25.2B | $23.4B | $23.5B | $25B | $26.2B | $25.2B | $26.1B | $27.4B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $157M | $158M | $158M | $158M | $159M | $160M | $161M | $162M | $162M | $163M | |
| Retained earnings | -$16.5B | -$14.7B | -$12.4B | -$12.3B | -$11.7B | -$7.38B | -$3.91B | -$2.06B | -$170M | $1.39B | |
| Accumulated other comprehensive income | -$548M | -$487M | -$605M | -$676M | -$583M | -$388M | -$320M | -$274M | -$314M | -$305M | |
| Shareholders' equity | $6.05B | $7.98B | $9.6B | $9.3B | $10.2B | $14B | $15.6B | $16.7B | $17.6B | $18.9B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $16B | $13.1B | $11.1B | $10.1B | $9.94B | $9.77B | $11B | $10.2B | $9.74B | $11.5B | |
| Net debt (debt - cash) | $11.8B | $8.67B | $6.92B | $8.05B | $6.28B | $1.7B | $2.81B | $4.53B | $5.82B | $8.15B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01