Freeport-McMoRan 2005 Annual Report Download - page 27

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Years฀Ended฀December฀31,฀ 2005฀ 2004฀ 2003฀ 2002฀ 2001
(Financial฀Data฀in฀Dollars,฀Except฀Average฀Shares,฀and฀in฀Thousands,฀Except฀Per฀Share฀Amounts)
FCX฀CONSOLIDATED฀FINANCIAL฀DATA
Revenues฀฀ $฀4,179,118฀ $฀2,371,866฀ $฀2,212,165฀ $฀1,910,462฀ $฀1,838,866
Operating฀income฀ ฀2,177,286฀ ฀ 703,576a฀ ฀ 823,308฀ ฀ 640,137฀ ฀ 542,926
Net฀income฀before฀cumulative฀effect฀of฀changes฀in฀
฀ accounting฀principles฀ ฀ 934,627b฀ ฀ 156,776c฀ ฀ 169,812d฀ ฀ 130,099฀ ฀ 76,496
Cumulative฀effect฀of฀changes฀in฀accounting฀principles,฀net฀ ฀ —฀ ฀ —฀ ฀฀ (15,593)e฀ ฀ (3,049)f฀ ฀ —
Net฀income฀applicable฀to฀common฀stock฀ ฀ 934,627b฀ ฀ 156,776c฀ ฀ 154,219d฀ ฀ 127,050฀ ฀ 76,496
Pro฀forma฀net฀income,฀assuming฀accounting฀changes฀
฀ are฀applied฀retroactively฀ ฀ 934,627b฀ ฀ 156,776c฀ ฀ 169,307d,e฀ ฀ 129,635฀ ฀ 104,847
Basic฀net฀income฀per฀common฀share฀ ฀ 5.18฀ ฀ 0.86฀ ฀ 0.99฀ ฀ 0.88฀ ฀ 0.53
Diluted฀net฀income฀per฀common฀share:
฀ Applicable฀to฀common฀stock฀ ฀ 4.67b฀ ฀ 0.85c฀ ฀ 0.97d,e฀ ฀ 0.87฀ ฀ 0.53
฀ Pro฀forma,฀assuming฀accounting฀changes฀are฀applied฀retroactively฀ ฀ 4.67b฀ ฀ 0.85c฀ ฀ 1.06d,e฀ ฀ 0.89฀ ฀ 0.72
Dividends฀paid฀per฀common฀share฀ ฀ 2.50฀ ฀ 1.10฀ ฀ 0.27฀ ฀ —฀ ฀ —
Basic฀average฀shares฀outstanding฀ ฀ 180,270฀ ฀ 182,272฀ ฀ 155,805฀ ฀ 144,649฀ ฀ 143,952
Diluted฀average฀shares฀outstanding฀ ฀ 220,470฀ ฀ 184,923฀ ฀ 159,102฀ ฀ 146,418฀ ฀ 144,938
At฀December฀31:
Cash,฀restricted฀cash฀and฀investments฀ ฀ 763,599฀ ฀ 551,950฀ ฀ 498,616฀ ฀ 115,782฀ ฀ 149,475
Property,฀plant,฀equipment฀and฀development฀costs,฀net฀ ฀3,088,931฀ ฀3,199,292฀ ฀3,261,697฀ ฀3,320,561฀ ฀3,409,687
Total฀assets฀ ฀5,550,206฀ ฀5,086,995฀ ฀4,718,366฀ ฀4,192,193฀ ฀4,211,929
Long-term฀debt,฀including฀current฀portion฀and฀short-term฀borrowings฀ ฀1,255,948฀ ฀1,951,906฀ ฀2,228,330e฀ ฀2,038,390฀ ฀2,338,600
Redeemable฀preferred฀stock฀ ฀ —฀ ฀ —฀ ฀ —e฀ ฀ 450,003฀ ฀ 462,504
Stockholders’฀equity฀ ฀1,842,994฀ ฀1,163,649฀ ฀ 775,984฀ ฀ 266,826฀ ฀ 104,444
PT฀FREEPORT฀INDONESIA฀OPERATING฀DATA,฀Net฀of฀Rio฀Tinto’s฀Interest
Copper฀(recoverable)
฀ Production฀(000s฀of฀pounds)฀ ฀1,455,900฀ ฀ 996,500฀ ฀1,291,600฀ ฀1,524,200฀ ฀1,393,400
฀ Production฀(metric฀tons)฀ ฀ 660,400฀ ฀ 452,000฀ ฀ 585,900฀ ฀ 691,400฀ ฀ 632,000
฀ Sales฀(000s฀of฀pounds)฀ ฀1,456,500฀ ฀ 991,600฀ ฀1,295,600฀ ฀1,522,300฀ ฀1,399,100
฀ Sales฀(metric฀tons)฀ ฀ 660,700฀ ฀ 449,800฀ ฀ 587,700฀ ฀ 690,500฀ ฀ 634,600
฀ Average฀realized฀price฀per฀pound฀ ฀฀$฀ 1.85฀ $฀ 1.37฀ $฀ 0.82฀ $฀ 0.71฀ $฀ 0.69
Gold฀(recoverable฀ounces)
฀ Production฀ ฀2,789,400฀ ฀1,456,200฀ ฀2,463,300฀ ฀2,296,800฀ ฀2,634,900
฀ Sales฀฀ ฀ ฀
2,790,200฀ ฀1,443,000฀ ฀2,469,800฀ ฀2,293,200฀ ฀2,644,800
฀ Average฀realized฀price฀per฀ounce฀ $฀ 456.27฀ $฀ 412.32฀ $฀ 366.60g฀ $฀ 311.97฀ $฀ 269.24
Silver฀(recoverable฀ounces)
฀ Production฀ ฀4,742,400฀ ฀3,270,700฀ ฀4,112,700฀ ฀4,121,100฀ ฀3,771,500
฀ Sales฀฀ ฀ ฀฀4,734,600฀ ฀3,257,800฀ ฀4,126,700฀ ฀4,116,100฀ ฀3,782,600
฀ Average฀realized฀price฀per฀ounce฀ $฀ 6.36฀ $฀ 6.10฀ $฀ 5.15฀ $฀ 4.66฀ $฀ 4.80฀฀
ATLANTIC฀COPPER฀OPERATING฀DATA
Concentrate฀and฀scrap฀treated฀(metric฀tons)฀ ฀ 975,400฀ ฀ 768,100฀ ฀ 964,400฀ ฀1,016,700฀ ฀ 891,100
Anodes
฀ Production฀(000s฀of฀pounds)฀ ฀ 626,600฀ ฀ 494,400฀ ฀ 640,000฀ ฀ 657,000฀ ฀ 617,300
฀ Production฀(metric฀tons)฀ ฀ 284,200฀ ฀ 224,300฀ ฀ 290,300฀ ฀ 298,000฀ ฀ 280,000
฀ Sales฀(000s฀of฀pounds)฀ ฀ 85,100฀ ฀ 36,700฀ ฀ 97,000฀ ฀ 101,200฀ ฀ 87,500
฀ Sales฀(metric฀tons)฀ ฀ 38,600฀ ฀ 16,600฀ ฀ 44,000฀ ฀ 45,900฀ ฀ 39,700
Cathodes
฀ Production฀(000s฀of฀pounds)฀ ฀ 545,300฀ ฀ 454,700฀ ฀ 544,700฀ ฀ 552,200฀ ฀ 518,700
฀ Production฀(metric฀tons)฀ ฀ 247,300฀ ฀ 206,200฀ ฀ 247,100฀ ฀ 250,500฀ ฀ 235,300
฀ Sales฀(including฀wire฀rod฀and฀wire)
฀ ฀ (000s฀of฀pounds)฀ ฀ 548,600฀ ฀ 479,200฀ ฀ 546,800฀ ฀ 556,500฀ ฀ 549,800
฀ ฀ (metric฀tons)฀ ฀ 248,800฀ ฀ 217,400฀ ฀ 248,000฀ ฀ 252,400฀ ฀ 249,400
Gold฀sales฀in฀anodes฀and฀slimes฀(ounces)฀ ฀ 542,800฀ ฀ 316,700฀ ฀ 929,700฀ ฀ 813,900฀ ฀ 831,300
Cathode฀cash฀unit฀cost฀per฀poundh฀$฀ 0.17฀ $฀ 0.25฀ $฀ 0.16฀ $฀ 0.12฀ $฀ 0.14
฀24฀|฀FREEPORT-McMoRan฀COPPER฀&฀GOLD฀INC.฀฀฀FINANCIAL฀&฀OPERATING฀INFORMATION
Selected Financial and Operating Data