XML 39 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 4,475 $ 5,814 $ 9,080 $ 11,523
Cost of sales:        
Production and delivery 2,622 2,557 5,050 4,934
Depreciation, depletion and amortization 291 267 558 499
Total cost of sales 2,913 2,824 5,608 5,433
Selling, general and administrative expenses 97 107 201 221
Exploration and research expenses 73 66 135 116
Environmental obligations and shutdown costs 81 60 91 60
Total costs and expenses 3,164 3,057 6,035 5,830
Operating income 1,311 2,757 3,045 5,693
Interest expense, net (43) (74) (106) (172)
Losses on early extinguishment of debt 0 (61) (168) (68)
Other (expense) income, net 51 2 38 12
Income before income taxes and equity in affiliated companies' net earnings 1,319 2,624 2,809 5,465
Provision for income taxes (422) (906) (913) (1,890)
Equity in affiliated companies' net earnings (3) 8 (1) 12
Net income 894 1,726 1,895 3,587
Net income attributable to noncontrolling interests (184) (358) (421) (720)
Net income attributable to FCX common stockholders $ 710 $ 1,368 $ 1,474 $ 2,867
Net income per share attributable to FCX common stockholders:        
Basic $ 0.75 $ 1.44 $ 1.55 $ 3.03
Diluted $ 0.74 $ 1.43 $ 1.55 $ 3.00
Weighted-average common shares outstanding:        
Basic 949 947 949 947
Diluted 953 956 954 956
Dividends declared per share of common stock $ 0.3125 $ 0.75 $ 0.625 $ 1