Freeport-McMoRan 2005 Annual Report Download - page 65

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฀62฀|฀FREEPORT-McMoRan฀COPPER฀&฀GOLD฀INC.฀฀฀FINANCIAL฀&฀OPERATING฀INFORMATION
Consolidated Balance Sheets
December฀31,฀ 2005฀ 2004
(In฀Thousands,฀Except฀Par฀Value)
ASSETS
Current฀assets:
฀ Cash฀and฀cash฀equivalents฀ ฀ ฀ ฀ ฀ ฀ ฀ $฀ 763,599฀ $฀ 551,450
฀ Restricted฀cash฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ —฀ ฀ 500
฀ Trade฀accounts฀receivable:
฀ ฀ Customers฀other฀than฀PT฀Smelting฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 459,916฀ ฀ 267,237
฀ ฀ PT฀Smelting฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 161,981฀ ฀ 87,512
฀ Other฀accounts฀receivable:
฀ ฀ Value-added฀taxes฀and฀other฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 55,673฀ ฀ 37,291
฀ ฀ Rio฀Tinto฀receivables฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 10,399฀ ฀ 12,572
฀ ฀ Insurance฀settlement฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ —฀ ฀ 30,450
฀ Inventories:
฀ ฀ Product฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 300,389฀ ฀ 253,265
฀ ฀ Materials฀and฀supplies,฀net฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 264,630฀ ฀ 213,447
฀ Prepaid฀expenses฀and฀other฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 5,795฀ ฀ 6,223
฀ ฀ ฀ Total฀current฀assets฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 2,022,382฀ ฀1,459,947
Property,฀plant,฀equipment฀and฀development฀costs,฀net฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 3,088,931฀ ฀3,199,292
Deferred฀mining฀costs฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 285,355฀ ฀ 220,415
Other฀assets฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 57,908฀ ฀ 86,941
Rio฀Tinto฀long-term฀receivables฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 62,091฀ ฀ 72,598
Investment฀in฀PT฀Smelting฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 33,539฀ ฀ 47,802
Total฀assets฀ ฀ ฀ ฀ ฀ ฀ ฀ $฀ 5,550,206฀ $฀5,086,995
LIABILITIES฀AND฀STOCKHOLDERS’฀EQUITY
Current฀liabilities:
฀ Accounts฀payable฀and฀accrued฀liabilities฀฀ ฀ ฀ ฀ ฀ ฀ ฀ $฀ 573,560฀ $฀ 386,590
฀ Accrued฀income฀taxes฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 327,041฀ ฀ 92,346
฀ Current฀portion฀of฀long-term฀debt฀and฀short-term฀borrowings฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 253,350฀ ฀ 78,214
฀ Rio฀Tinto฀share฀of฀joint฀venture฀cash฀flows฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 125,809฀ ฀ 60,224
฀ Unearned฀customer฀receipts฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 57,184฀ ฀ 33,021
฀ Accrued฀interest฀payable฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 32,034฀ ฀ 47,167
฀ ฀ ฀ Total฀current฀liabilities฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 1,368,978฀ ฀ 697,562
Long-term฀debt,฀less฀current฀portion฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 1,002,598฀ ฀1,873,692
Accrued฀postretirement฀benefits฀and฀other฀liabilities฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 210,259฀ ฀ 200,228
Deferred฀income฀taxes฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 902,386฀ ฀ 932,416
Minority฀interests฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 222,991฀ ฀ 219,448
Stockholders’฀equity:
฀ Convertible฀perpetual฀preferred฀stock,฀1,100฀shares฀issued฀and฀outstanding฀ ฀ ฀ ฀ ฀ ฀ ฀ 1,100,000฀ ฀1,100,000
฀ Class฀B฀common฀stock,฀par฀value฀$0.10,฀296,959฀shares฀and฀284,964฀shares฀issued,฀respectively฀฀ ฀ ฀ 29,696฀ ฀ 28,496
฀ Capital฀in฀excess฀of฀par฀value฀of฀common฀stock฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 2,212,246฀ ฀1,852,816
฀ Retained฀earnings฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 1,086,191฀ ฀ 604,680
฀ Accumulated฀other฀comprehensive฀income฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 10,749฀ ฀ 11,342
฀ Common฀stock฀held฀in฀treasury฀–฀110,153฀shares฀and฀105,974฀shares,฀at฀cost,฀respectively฀ ฀ ฀ ฀ ฀(2,595,888)฀ ฀(2,433,685)
฀ ฀ ฀ Total฀stockholders’฀equity฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 1,842,994฀ ฀1,163,649
Total฀liabilities฀and฀stockholders’฀equity฀ ฀ ฀ ฀ ฀ ฀ ฀ $฀ 5,550,206฀ $฀5,086,995
The฀accompanying฀Notes฀to฀Consolidated฀Financial฀Statements฀are฀an฀integral฀part฀of฀these฀financial฀statements.