Freeport-McMoRan 2006 Annual Report Download - page 69

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NOTES฀TO฀CONSOLIDATED฀FINANCIAL฀STATEMENTS

















Senior฀Notes.฀

















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













NOTE฀4.฀PROPERTY,฀PLANT,฀EQUIPMENT฀AND฀DEVELOPMENT฀
COSTS,฀NET


December฀31,฀ 2006฀ 2005
Development฀and฀other฀ ฀ ฀ $฀1,537,733฀ $฀1,517,731฀
Buildings฀and฀infrastructure฀ ฀ ฀ ฀ 1,501,232฀ ฀ 1,500,337฀
Machinery฀and฀equipment฀ ฀ ฀ ฀ 2,261,616฀ ฀ 2,236,565฀
Mobile฀equipment฀ ฀ ฀ ฀ 757,103฀ ฀ 764,637฀
Construction฀in฀progress฀ ฀ ฀ ฀ 161,633฀ ฀ 70,563฀
฀ Property,฀plant,฀equipment฀and฀
฀ ฀ development฀costs฀ ฀ ฀ ฀ 6,219,317฀ ฀ 6,089,833
Accumulated฀depreciation฀and฀amortization฀ ฀ (3,120,815)฀ ฀(3,000,902)
฀ Property,฀plant,฀equipment฀and฀
฀ ฀ development฀costs,฀net฀ ฀ ฀ $฀3,098,502฀ $฀3,088,931
NOTE฀5.฀LONG-TERM฀DEBT
December฀31,฀ ฀ ฀ 2006฀ 2005฀
(In฀Thousands)
Senior฀Notes:฀
฀ 6฀7/8฀%฀Senior฀Notes฀due฀2014฀ ฀ ฀ ฀ ฀ ฀ ฀ $฀340,295฀ $฀ 340,295
฀ 10฀1/8฀%฀Senior฀Notes฀due฀2010฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀272,430฀ ฀ 283,895฀
฀ 7%฀Convertible฀Senior฀Notes฀due฀2011฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 7,071฀ ฀ 323,667
฀ 7.20%฀Senior฀Notes฀due฀2026฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 175฀ ฀ 175
฀ 7.50%฀Senior฀Notes฀due฀2006฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ —฀ ฀ 55,404
Redeemable฀Preferred฀Stock:
฀ Gold-Denominated฀Preferred฀Stock,฀Series฀II฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ —฀ ฀ 167,379
฀ Silver-Denominated฀Preferred฀Stock฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ —฀ ฀ 12,501
Notes฀Payable:
฀ Equipment฀capital฀leases,฀average฀rate฀7.8%฀in฀2006฀and฀6.0%฀in฀2005฀ ฀ ฀ ฀ ฀ ฀ ฀ 54,258฀ ฀ 67,217
฀ Atlantic฀Copper฀facility,฀average฀rate฀7.3%฀in฀2006฀and฀5.5%฀in฀2005฀ ฀ ฀ ฀ ฀ ฀ ฀ 40฀ ฀ 3
฀ Other฀notes฀payable฀and฀short-term฀borrowings฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 5,846฀ ฀ 5,412
Total฀debt฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 680,115฀ ฀1,255,948
Less฀current฀portion฀of฀long-term฀debt฀and฀short-term฀borrowings฀ ฀ ฀ ฀ ฀ ฀ ฀ (19,116)฀ ฀ (253,350)
Long-term฀debt฀ ฀ ฀ ฀ ฀ ฀ ฀ $฀660,999฀ $฀1,002,598฀
FINANCIAL฀&฀OPERATING฀INFORMATION฀฀ 67