Freeport-McMoRan (FCX) FY2021 results: revenue $22.8 billion, up 60.9% on the year
Freeport-McMoRan Inc. (FCX) reported revenue of $22.8 billion for fiscal 2021, the year ended 31 December 2021, up 60.9% on the year before. Net income was $4.3 billion, up 618.9%, and diluted earnings per share $2.90. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.
Revenue
$22.8 billion
+60.9% on the year
FY2014FY2021
Operating margin
36.6%
17.2% a year earlier
FY2014FY2021
Net income
$4.3 billion
+618.9% on the year
FY2014FY2021
Diluted EPS
$2.90
+607.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
7,715
3,017
1,482
+155.7%
Capital expenditure
2,115
1,961
2,652
+7.9%
Free cash flow
5,600
1,056
-1,170
+430.3%
Free cash flow margin
24.5%
7.4%
-8.1%
Cash from investing
-1,964
-1,264
-2,103
Cash from financing
-1,340
-128
-1,556
Depreciation and amortisation
1,998
1,528
1,412
+30.8%
Share-based compensation
98.0
99.0
63.0
-1.0%
Buybacks
488
0.0
0.0
Dividends paid
331
73.0
291
+353.4%
Dividend per share
$0.38
$0.00
$0.20
Diluted shares, weighted
1,482m
1,461m
1,451m
+1.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
13,980
10,174
9,298
+37.4%
Non-controlling interest
9,039
8,494
8,150
+6.4%
Debt
9,450
9,711
9,826
-2.7%
Operating lease liabilities
281
190
204
+47.9%
Other liabilities
15,272
13,575
13,331
+12.5%
Total liabilities and equity
48,022
42,144
40,809
+13.9%
Fixed assets
30,345
29,818
29,584
+1.8%
Intangible assets
412
401
402
+2.7%
Investments
74.0
70.0
66.0
+5.7%
Cash and equivalents
8,068
3,657
2,020
+120.6%
Receivables
1,168
892
741
+30.9%
Other assets
7,955
7,306
7,996
+8.9%
Total assets
48,022
42,144
40,809
+13.9%
10-K for the year ended 31 December 2021, filed 15 February 2022: the filing.