Freeport-McMoRan (FCX) 10-K Summary — Year Ended Dec 31, 2024
Freeport-McMoRan reported a revenue increase for the most recent fiscal year compared to the prior year. Operating income, net income, and operating cash flow were all reported as positive figures for the period.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Freeport-McMoRan reported a revenue increase for the most recent fiscal year compared to the prior year. Operating income, net income, and operating cash flow were all reported as positive figures for the period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$25.2B
Revenue reported for the fiscal year.
Operating income
$6.9B
Income from operations reported for the year.
Net income
$4.4B
Net income reported for the year.
Operating cash flow
$7.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $22.4B | n/a |
| Dec 31, 2022 | $23.3B | +3.8% |
| Dec 31, 2023 | $22.7B | -2.4% |
| Dec 31, 2024 | $25.2B | +10.9% |
Business overview
The company is a mining entity. Its business description is referenced in the Risk Factors and Management Discussion sections of the filing.
Financial performance
Revenue for the most recent fiscal year was higher than the prior year, reversing a decline seen in the previous period. Operating income, net income, and operating cash flow were all reported as positive amounts for the year.
Material risks
The filing identifies risk factors in Item 1A, which are referenced but not detailed in the supplied context. No specific risk descriptions are available from the provided data.
Liquidity and capital
The filing includes a Management Discussion section that addresses financial condition and liquidity, but no specific capital allocation themes are detailed in the supplied context.
What to watch
Monitor whether revenue continues to grow in the next filing after the recent increase.