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What is FCX's Cash And Short-Term Investments?

  Freeport-McMoRan Inc ( FCX ) |
1994 - 2021 (28 years)

Cash And Short-Term Investments is 
$11.5B (1Y +23.4% )

FCX Stock Price & Cash And Short-Term Investments

Cash And Short-Term Investments for FCX competitors.
TECK BBL RIO APC NEM BHP SCCO VALE
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Cash And Short-Term Investments

chevron_right 2021 $3.7B +43.4x
( +14.5% / year avg)
chevron_left 1994 $82.3M
vertical_align_top Peak $18.8B +750x
vertical_align_bottom Bottom $25.0M
arrow_drop_up # Up Years 14 14 of 28
years up.
arrow_drop_down # Down Years 14
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • FCX's stock price has rallied +111% from $7.73 in 1994 , or 0% the rate relative to it's cash and short-term investments over the same period.
  • If FCX grows it's stock at the same rate as it's cash and short-term investments (+14.5%/year) , it's stock price will grow +387% and hit $63.36 over the next 10 years.
  • FCX's stock price has gone up 10 of the 14 years (+71%) it's cash and short-term investments were also up.
  • FCX Historical Cash And Short-Term Investments Table
    in $ million
    Year Cash And Short-Term Investments YoY % Change Stock Price YoY % Change (Stock Price)
    4/1/2021 $3,657 -51.2% $16.36 80.4%
    4/1/2020 $7,490 -37.2% $9.07 -5.3%
    4/1/2019 $11,920 -28.0% $9.58 -41.7%
    4/1/2018 $16,564 -7.3% $16.42 47.5%
    4/1/2017 $17,870 786.8% $11.14 3.7%
    4/1/2016 $2,015 10.9% $10.74 -42.8%
    4/1/2015 $1,817 -66.6% $18.79 -40.3%
    4/1/2014 $5,443 -71.1% $31.45 19.2%
    4/1/2013 $18,813 7.2% $26.38 0.4%
    4/1/2012 $17,553 1.3% $26.28 -36.3%
    4/1/2011 $17,334 31.6% $41.24 52.7%
    4/1/2010 $13,170 158.0% $27.0 29.2%
    4/1/2009 $5,104 -19.1% $20.91 -52.1%
    4/1/2008 $6,307 -25.7% $43.68 49.2%
    4/1/2007 $8,488 303.4% $29.28 49.9%
    4/1/2006 $2,104 14.3% $19.54 67.2%
    4/1/2005 $1,840 14.2% $11.69 9.7%
    4/1/2004 $1,611 -21.0% $10.65 55.7%
    4/1/2003 $2,039 3538.0% $6.84 11.7%
    4/1/2002 $56 -16.1% $6.12 26.0%
    4/1/2001 $66 166.7% $4.86 70.6%
    4/1/2000 $25 -3.7% $2.85 -40.0%
    4/1/1999 $26 -3.7% $4.75 -18.2%
    4/1/1998 $27 -61.2% $5.81 -33.8%
    4/1/1997 $69 -60.9% $8.77 -9.7%
    4/1/1996 $177 24.1% $9.71 25.6%
    4/1/1995 $143 74.1% $7.73 0.0%
    4/1/1994 $82 - $7.73 -

  • About
    Industry: Copper
    Sector: Basic Materials
    Country: US
    IPO Date: 5/5/1988
    Stonk Exchange: NYSE
    • Freeport-McMoRan, Inc
    • engages in the mining of copper, gold, and molybdenum.
    • The company is headquartered in Phoenix, Arizona and currently employs 26,800 full-time employees.
    • The firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer.
    • The firm's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.
    • The firm's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.
    • S
    • ) Oil and Gas Operations
    • The firm has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines.
    • The firm's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

  • The sum of cash, cash equivalents, and short-term equivalents.

    Cash is self-explanatory.

    Cash equivalents are investments securities that are meant for short-term investing; they have high credit quality and are highly liquid.

    Cash equivalents, also known as "cash and equivalents," are one of the three main asset classes in financial investing, along with stocks and bonds. These securities have a low-risk, low-return profile and include U.S. government Treasury bills, bank certificates of deposit, bankers' acceptances, corporate commercial paper, and other money market instruments.

    Short-term investments, also known as marketable securities or temporary investments, are those which can easily be converted to cash, typically within 5 years.

    Many short-term investments are sold or converted to cash after a period of only 3-12 months. Some common examples of short term investments include CDs, money market accounts, high-yield savings accounts, government bonds and Treasury bills. Usually, these investments are high-quality and highly liquid assets or investment vehicles.

    For more detailed definitions, please see Investopedia.