Freeport-McMoRan 2011 Annual Report Download - page 2

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Years Ended December 31, 2011 2010 2009 2008 2007
(In Millions, Except Per Share Amounts)
Revenues $ 20,880 $ 18,982 $ 15,040 $ 17,796 $ 16,939
Operating income (loss) 9,140 9,068 6,503 (12,710 )+ 6,555
Operating cash flows 6,620 6,273 4,397 3,370 6,225
Capital expenditures 2,534 1,412 1,587 2,708 1,755
Net income (loss) attributable to FCX
common stockholders 4,560 4,273 2,527 (11,341 )+ 2,769
Diluted net income (loss) per common share 4.78 4.57 2.93 (14.86 )+ 3.75
Dividends declared per common share 1.50 1.125 0.075 0.6875 0.6875
At December 31:
Cash and cash equivalents 4,822 3,738 2,656 872 1,626
Total assets 32,070 29,386 25,996 23,353 40,661
Total debt, including current portion 3,537 4,755 6,346 7,351 7,211
Total FCX stockholders’ equity 15,642 12,504 9,119 5,773 18,234
FREEPORT-MCMORAN COPPER & GOLD INC.
Freeport-McMoRan Copper & Gold Inc. (FCX) is a leading international mining company with headquarters in Phoenix, Arizona.
FCX operates large, long-lived, geographically diverse assets with signicant proven and probable reserves of copper, gold and
molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s
largest producer of molybdenum.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, the world’s largest copper and gold mine in terms of
recoverable reserves; signicant mining operations in the Americas, including the large-scale Morenci minerals district in North America
and the Cerro Verde and El Abra operations in South America; and the Tenke Fungurume minerals district in the Democratic Republic
of Congo. Additional information about FCX is available on FCX’s website at www.fcx.com.
+ Includes charges totaling $17.7 billion ($13.2 billion to net loss attributable to FCX common stockholders or $17.23 per share) associated with
asset impairment, lower of cost or market inventory adjustments, restructuring and other charges.
Note: All reference to shares of common stock and per share amounts in this annual report have been retroactively adjusted to reflect the
February 1, 2011, two-for-one stock split, unless otherwise noted.
SUMMARY FINANCIAL HIGHLIGHTS
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25.0 5.0 5.08.0
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20102011
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20102011
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20102011 20102011