FREEPORT-MCMORAN INC (FCX) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Intersegment		7,496.0	4,801.0	4,707.0	5,346.0	4,837.0	4,097.0	4,670.0
Rod & Refining		6,356.0	4,781.0	4,457.0	5,103.0	4,456.0	3,833.0	4,125.0
South America		4,456.0	2,713.0	3,075.0	3,303.0	3,309.0	2,751.0	1,873.0
Indonesia Grasberg		7,241.0	3,534.0	2,713.0	5,446.0	4,445.0	3,233.0	2,617.0
Other							916.0	1,322.0
Total revenues	22,780.0	22,422.0	13,894.0	14,348.0	18,945.0	15,888.0	14,830.0	14,607.0
Revenue growth [+]	1.6%	61.4%	-3.2%	-24.3%	19.2%	7.1%	1.5%	-27.0%
Intersegment		56.1%	2.0%	-12.0%	10.5%	18.1%	-12.3%
Rod & Refining		32.9%	7.3%	-12.7%	14.5%	16.3%	-7.1%	-10.8%
South America		64.2%	-11.8%	-6.9%	-0.2%	20.3%	46.9%
Indonesia Grasberg		104.9%	30.3%	-50.2%	22.5%	37.5%	23.5%
Atlantic Copper Smelting & Refining		46.6%	-2.1%	-10.3%	13.2%	11.3%	-6.6%	-18.2%
Cost of goods sold [+]	15,089.0	14,030.0	11,655.0	13,125.0	13,466.0	11,980.0	17,534.0	27,415.0
Depreciation and amortization								3,240.0
Gross profit	7,691.0	8,392.0	2,239.0	1,223.0	5,479.0	3,908.0	-2,704.0	-12,808.0
Gross margin	33.8%	37.4%	16.1%	8.5%	28.9%	24.6%	-18.2%	-87.7%
Selling, general and administrative	420.0	383.0	370.0	394.0	422.0	477.0	597.0	558.0
Equity in earnings		-5.0	-12.0	-12.0	-8.0	-10.0	-11.0	3.0
Other operating expenses	236.0	-357.0	-568.0	-262.0	303.0	-259.0	-4,889.0	-12,998.0
EBITDA [+]	9,054.0	10,359.0	3,953.0	2,491.0	6,500.0	5,394.0	4,187.0	3,132.0
EBITDA growth	-12.6%	162.1%	58.7%	-61.7%	20.5%	28.8%	33.7%	-31.3%
EBITDA margin	39.7%	46.2%	28.5%	17.4%	34.3%	34.0%	28.2%	21.4%
Depreciation and amortization	2,019.0	1,998.0	1,528.0	1,412.0	1,754.0	1,714.0	2,610.0	3,497.0
EBIT [+]	7,035.0	8,361.0	2,425.0	1,079.0	4,746.0	3,680.0	1,577.0	-365.0
EBIT growth	-15.9%	244.8%	124.7%	-77.3%	29.0%	133.4%	-532.1%	-152.2%
EBIT margin	30.9%	37.3%	17.5%	7.5%	25.1%	23.2%	10.6%	-2.5%
Non-recurring items [+]	-2.0						4,317.0	13,144.0
Asset impairment							4,317.0	13,144.0
Loss (gain) on sale of assets	-2.0
Interest expense	560.0	602.0	598.0	620.0	945.0	801.0	755.0	617.0
Interest expense	560.0	602.0	598.0	620.0	945.0	801.0	755.0	617.0
Other income (expense), net [+]	-4,265.0	-100.0	-30.0	-153.0	91.0	23.0	23.0	-2.0
Gain (loss) on sale of assets		-80.0	-473.0	-417.0	-208.0	-81.0	-649.0	-39.0
Gain (loss) on debt retirement			-101.0	-27.0	7.0	21.0	26.0
Environmental remediation expense		91.0	159.0	105.0	89.0	244.0	14.0	78.0
Other		-105.0	218.0	-138.0	165.0	236.0		79.0
Pre-tax income	2,212.0	7,659.0	1,797.0	306.0	3,892.0	2,902.0	-3,472.0	-14,128.0
Income taxes	-2,267.0	2,299.0	944.0	510.0	991.0	883.0	371.0	-1,951.0
Tax rate		30.0%	52.5%	166.7%	25.5%	30.4%		13.8%
Minority interest	-1,011.0
Earnings from continuing ops	4,479.0	4,306.0	599.0	-242.0	2,617.0	1,751.0	-3,961.0	-12,327.0
Earnings from discontinued ops				3.0	-15.0	66.0	-193.0	91.0
Net income	4,479.0	4,306.0	599.0	-239.0	2,602.0	1,817.0	-4,154.0	-12,236.0
Net margin	19.7%	19.2%	4.3%	-1.7%	13.7%	11.4%	-28.0%	-83.8%

Basic EPS [+]	$3,086.84	$2.94	$0.41	($0.17)	$1.81	$1.21	($3.01)	($11.39)
Growth	104993.0%	612.5%	-347.2%	-109.2%	49.3%	-140.3%	-73.6%	646.8%
Diluted EPS [+]	$3,086.84	$2.91	$0.41	($0.17)	$1.79	$1.20	($3.01)	($11.39)
Growth	106139.9%	608.7%	-345.8%	-109.3%	49.0%	-140.1%	-73.6%	646.8%

Dividends per share [+]	$600,000.00	$0.38		$0.20	$0.20			$0.26
Growth	159999900.0%		-100.0%	0.0%			-100.0%	-79.2%

Shares outstanding (basic) [+]	1.5	1,466.0	1,453.0	1,451.0	1,449.0	1,447.0	1,318.0	1,082.0
Growth	-99.9%	0.9%	0.1%	0.1%	0.1%	9.8%	21.8%	4.1%
Shares outstanding (diluted) [+]	1.5	1,482.0	1,461.0	1,451.0	1,458.0	1,454.0	1,318.0	1,082.0
Growth	-99.9%	1.4%	0.7%	-0.5%	0.3%	10.3%	21.8%	4.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.