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What is FCX's Deferred Revenue?

  Freeport-McMoRan Inc ( FCX ) |
2001 - 2021 (21 years)

Deferred Revenue is 
$4.8B (1Y +96.6% )

FCX Stock Price & Deferred Revenue

Deferred Revenue for FCX competitors.
TECK BBL RIO APC NEM BHP SCCO VALE
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Deferred Revenue

chevron_right 2021 $65.0M +0.9x
( +3.2% / year avg)
chevron_left 2001 $33.4M
vertical_align_top Peak $4.3B -
vertical_align_bottom Bottom 0.0
arrow_drop_up # Up Years 12 12 of 21
years up.
arrow_drop_down # Down Years 8
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 2001 , or +0.13x the rate relative to it's deferred revenue over the same period.
  • If FCX grows it's stock at the same rate as it's deferred revenue (+3.2%/year) , it's stock price will grow +137% and hit $22.42 over the next 10 years.
  • FCX's stock price has gone up 0 of the 12 years (0%) it's deferred revenue were also up.
  • FCX Historical Deferred Revenue Table
    in $ million
    Year Deferred Revenue YoY % Change Stock Price YoY % Change (Stock Price)
    4/1/2021 $65 -98.5% - -
    4/1/2020 $4,325 12257.1% - -
    4/1/2019 $35 -61.5% - -
    4/1/2018 $91 11.0% - -
    4/1/2017 $82 70.8% - -
    4/1/2016 $48 -54.3% - -
    4/1/2015 $105 -8.7% - -
    4/1/2014 $115 22.3% - -
    4/1/2013 $94 36.2% - -
    4/1/2012 $69 -61.7% - -
    4/1/2011 $180 - - -
    4/1/2010 $0 - - -
    4/1/2009 $0 -100.0% - -
    4/1/2008 $25 -92.9% - -
    4/1/2007 $352 86.7% - -
    4/1/2006 $188 3.1% - -
    4/1/2005 $182 50.1% - -
    4/1/2004 $121 -16.0% - -
    4/1/2003 $144 297.2% - -
    4/1/2002 $36 9.2% - -
    4/1/2001 $33 - - -

  • 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.

  • Deferred revenue, also known as unearned revenue, refers to advance payments a company receives for products or services that are to be delivered or performed in the future. The company that receives the prepayment records the amount as deferred revenue, a liability, on its balance sheet.

    Deferred revenue is a liability because it reflects revenue that has not been earned and represents products or services that are owed to a customer. As the product or service is delivered over time, it is recognized proportionally as revenue on the income statement.

    For more detailed definitions, please see Investopedia.