Freeport-McMoRan 2010 Annual Report Download - page 22

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SELECTED FINANCIAL AND OPERATING DATA
Years Ended December 31, 2010 2009 2008 2007
a
2006
(In Millions, Except Per Share Amounts)
FCX CONSOLIDATED FINANCIAL DATA
Revenues
$ 18,982
$ 15,040 $ 17,796 $ 16,939
b
$ 5,791
Operating income (loss)
9,068
6,503
c,e
(12,710)
d,e,f
6,555
b,f
2,869
Income (loss) from continuing operations
5,544
3,534 (10,450) 3,733 1,625
Net income (loss)
5,544
3,534 (10,450) 3,779 1,625
Net income attributable to noncontrolling interests
1,208
785 617 802 168
Net income (loss) attributable to FCX common stockholders
4,273
g
2,527
c,e,g
(11,341)
d,e,f,g
2,769
b,f,g
1,396
g
Basic net income (loss) per share attributable to FCX common stockholders:
Continuing operations
h
$ 4.67
$ 3.05 $ (14.86) $ 4.01 $ 3.66
Discontinued operations
h
—
— — 0.05 —
Basic net income (loss)
h
$ 4.67
$ 3.05 $ (14.86) $ 4.06 $ 3.66
Basic weighted-average common shares outstanding
h
915
829 763 682 381
Diluted net income (loss) per share attributable to FCX common stockholders:
Continuing operations
h
$ 4.57
$ 2.93 $ (14.86) $ 3.70 $ 3.32
Discontinued operations
h
—
— — 0.05 —
Diluted net income (loss)
h
$ 4.57
g
$ 2.93
c,e,g
$ (14.86)
d,e,f,g
$ 3.75
b,f,g
$ 3.32
g
Diluted weighted-average common shares outstanding
h
949
938 763 794 443
Dividends declared per share of common stock
h
$ 1.125
$ 0.075 $ 0.6875 $ 0.6875 $ 2.53125
At December 31:
Cash and cash equivalents
$ 3,738
$ 2,656 $ 872 $ 1,626 $ 907
Property, plant, equipment and development costs, net
16,785
16,195 16,002 25,715 3,099
Goodwill
—
— — 6,105 —
Total assets
29,386
25,996 23,353 40,661 5,390
Total debt, including current portion
4,755
6,346 7,351 7,211 680
Total FCX stockholders’ equity
12,504
9,119 5,773 18,234 2,445
The selected consolidated financial data shown above is derived from our audited consolidated financial statements. These historical results are not necessarily indicative of results
that you can expect for any future period. You should read this data in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations
and our full consolidated financial statements and notes thereto contained in this annual report.
a. Includes the results of Phelps Dodge Corporation (Phelps Dodge) beginning March 20, 2007.
b. Includes charges totaling $175 million ($106 million to net income attributable to FCX common stockholders or $0.13 per share) for mark-to-market accounting adjustments on the
2007 copper price protection program assumed in the acquisition of Phelps Dodge.
c. Includes charges totaling $77 million ($61 million to net income attributable to FCX common stockholders or $0.07 per share) associated with a loss contingency and restructuring
charges.
d. Includes charges totaling $17.0 billion ($12.7 billion to net loss attributable to FCX common stockholders or $16.60 per share) associated with impairment and restructuring charges.
e. Includes charges for lower of cost or market inventory adjustments totaling $19 million ($15 million to net income attributable to FCX common stockholders or $0.02 per share) in
2009 and $782 million ($479 million to net loss attributable to FCX common stockholders or $0.63 per share) in 2008.
f. Includes purchase accounting impacts related to the acquisition of Phelps Dodge totaling $1.0 billion ($622 million to net loss attributable to FCX common stockholders or $0.82 per
share) in 2008 and $1.3 billion ($793 million to net income attributable to FCX common stockholders or $1.00 per share) in 2007.
g. Includes net losses on early extinguishment and conversion of debt totaling $71 million ($0.07 per share) in 2010, $43 million ($0.04 per share) in 2009, $5 million ($0.01 per share)
in 2008, $132 million ($0.17 per share) in 2007 and $30 million ($0.07 per share) in 2006; 2008 also includes charges totaling $22 million ($0.03 per share) associated with
privately negotiated transactions to induce conversion of a portion of our 5½% Convertible Perpetual Preferred Stock into FCX common stock.
h. Amounts have been adjusted to reflect the February 1, 2011, two-for-one stock split.
FREEPORT-McMoRan COPPER & GOLD INC. 2010 Annual Report
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