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What is FCX's Goodwill and Intangible Assets?

  Freeport-McMoRan Inc ( FCX ) |
2007 - 2021 (15 years)

Goodwill and Intangible Assets is 
$835.4M (1Y +86.1% )

FCX Stock Price & Goodwill and Intangible Assets

Goodwill and Intangible Assets for FCX competitors.
TECK BBL RIO APC NEM BHP SCCO VALE
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Goodwill and Intangible Assets

chevron_right 2021 $401.0M -1.0x
( -23.1% / year avg)
chevron_left 2007 $20.7B
vertical_align_top Peak $26.1B +84.5x
vertical_align_bottom Bottom $305.0M
arrow_drop_up # Up Years 7 7 of 15
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 2007 , or -0.12x the rate relative to it's goodwill and intangible assets over the same period.
  • If FCX shrinks it's stock at the same rate as it's goodwill and intangible assets (-23.1%/year) , it's stock price will shrink +7.23% and hit $1.18 over the next 10 years.
  • FCX's stock price has gone up 4 of the 7 years (+57%) it's goodwill and intangible assets were also up.
  • FCX Historical Goodwill and Intangible Assets Table
    in $ million
    Year Goodwill and Intangible Assets YoY % Change Stock Price YoY % Change (Stock Price)
    4/1/2021 $401 -0.2% $16.36 80.4%
    4/1/2020 $402 1.0% $9.07 -5.3%
    4/1/2019 $398 30.1% $9.58 -41.7%
    4/1/2018 $306 0.3% $16.42 47.5%
    4/1/2017 $305 -3.8% $11.14 3.7%
    4/1/2016 $317 -75.8% $10.74 -42.8%
    4/1/2015 $1,310 -82.9% $18.79 -40.3%
    4/1/2014 $7,646 44.6% $31.45 19.2%
    4/1/2013 $5,289 308.1% $26.38 0.4%
    4/1/2012 $1,296 -0.1% $26.28 -36.3%
    4/1/2011 $1,297 -3.6% $41.24 52.7%
    4/1/2010 $1,346 -90.2% $27.0 29.2%
    4/1/2009 $13,684 -47.5% $20.91 -52.1%
    4/1/2008 $26,080 26.0% $43.68 49.2%
    4/1/2007 $20,703 - $29.28 -

  • 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 Goodwill and Intangible Assets

    Goodwill is an intangible asset that is associated with the purchase of one company by another. Specifically, goodwill is the portion of the purchase price that is higher than the sum of the net fair value of all of the assets purchased in the acquisition and the liabilities assumed in the process. The value of a company’s brand name, solid customer base, good customer relations, good employee relations, and proprietary technology represent some reasons why goodwill exists.

    An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.

    For more detailed definitions, please see Investopedia.