Freeport-McMoRan 2003 Annual Report Download - page 78

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PT Freeport Indonesia FCX
a
Year-End Copper Gold Silver Copper Gold Silver
(Billions (Millions (Millions (Billions (Millions (Millions
of Lbs.) of Ozs.) of Ozs.) of Lbs.) of Ozs.) of Ozs.)
1999 38.7 49.5 115.3 33.2 42.5 99.0
2000 38.9 50.3 108.5 33.4 43.2 93.2
2001 39.4 50.2 114.5 35.7 45.5 103.8
2002 39.4 48.5 110.9 35.7 44.0 100.5
2003 39.7 46.6 116.8 36.0 42.2 105.9
a. Reflects FCX’s 85.9 percent ownership interest through 2000 and 90.6 percent ownership interest thereafter (see Note 2).
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
76 FREEPORT-McMoRan COPPER & GOLD INC. 2003 Annual Report
NOTE 14. QUARTERLY FINANCIAL
INFORMATION (UNAUDITED)
Net Income (Loss) Net Income (Loss)
Operating Applicable to Per Share
Revenues Income Common Stock Basic Diluted
(In Thousands, Except Per Share Amounts)
2003
1st Quarter
$524,596 $191,326 $ 49,245
a
$.34
a
$.33
a
2nd Quarter
609,455 241,226 57,372 .39 .37
b
3rd Quarter
631,990 286,278 47,366
c
.30
c
.29
b,c
4th Quarter
446,124 104,478 236 — —
$2,212,165 $823,308 $154,219 .99 .97
2002
1st Quarter $ 392,680 $ 87,543 $ (4,154)
d
$(.03)
d
$(.03)
d
2nd Quarter 407,999 122,410 5,576 .04 .04
3rd Quarter 538,739 206,076 61,537 .42 .39
b
4th Quarter 571,044 224,108 64,091 .44 .41
b
$1,910,462 $640,137 $127,050 .88 .87
a. Includes a $9.1 million gain ($0.06 per share) for the cumulative effect of an accounting change associated with the adoption of SFAS No. 143 effective
January 1, 2003 (see Note 1).
b. Includes the diluted effect of the assumed conversion of FCX’s 8 1
/4% Convertible Senior Notes.
c. Includes a $24.7 million charge ($0.15 per share for basic and $0.13 per share for diluted) for the cumulative effect of an accounting change
associated with the adoption of SFAS No. 150 effective July 1, 2003 (see Note 1).
d. Includes a $3.0 million charge ($0.02 per share) for the cumulative effect of an accounting change associated with a change in depreciation methodology
(see Note 1).