Freeport-McMoRan 2007 Annual Report Download - page 2

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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 significant 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. The company’s portfolio of assets includes the Grasberg Minerals Disrict, the world’s largest
copper and gold mine in terms of recoverable reserves; significant mining operations in the Americas, including the large scale
Morenci and Safford minerals districts in North America and the Cerro Verde and El Abra operations in South America; and the
potential world-class Tenke Fungurume development project in the Democratic Republic of Congo. Our common stock trades on
the New York Stock Exchange under the symbol “FCX.”
A World of Assets
SUMMARY FINANCIAL HIGHLIGHTS
Years Ended December 31, 2007 2006 2005 2004 2003
(In Millions, Except Per Share Amounts)
Revenues $ 16,939 $ 5,791 $ 4,179 $ 2,372 $ 2,212
Operating income 6,555 2,869 2,177 704 823
Operating cash flows 6,225 1,866 1,552 341 572
Capital expenditures 1,755 251 143 141 139
Net income applicable to common stock 2,769 1,396 935 157 154
Diluted net income per common share 7.50 6.63 4.67 0.85 0.97
Dividends paid per common share 1.25 4.75 2.50 1.10 0.27
At December 31:
Cash and cash equivalents 1,626 907 764 552 499
Total assets 40,661 5,390 5,550 5,087 4,718
Long-term debt, including current portion and
short-term borrowings 7,211 680 1,256 1,952 2,228
Stockholders’ equity 18,234 2,445 1,843 1,164 776
TRANSFORMATION OF Freeport-MCMORAN Copper & Gold Inc.
Operating Cash Flows
Comparison
$ in billions
$6.0
$4.0
$2.0
Revenue Comparison
$ in billions
$15
$10
$5
Net Income Comparison
$ in billions
$1.5
$2.5
$2.0
$1.0
$0.5
2007 20072007 2006 20062006