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What is FCX's Provision For Income Taxes?

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

Provision For Income Taxes is 
$1.6B (1Y +139% )

FCX Stock Price & Provision For Income Taxes

Provision For Income Taxes for FCX competitors.
TECK BBL RIO APC NEM BHP SCCO VALE
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Provision For Income Taxes

chevron_right 2021 $611.0M +6.9x
( +7.6% / year avg)
chevron_left 1994 $77.7M
vertical_align_top Peak $3.7B +2.28x *
vertical_align_bottom Bottom -$2.9B
arrow_drop_up # Up Years 13 13 of 28
years up.
arrow_drop_down # Down Years 15
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 +0.02x the rate relative to it's provision for income taxes over the same period.
  • If FCX grows it's stock at the same rate as it's provision for income taxes (+7.6%/year) , it's stock price will grow +208% and hit $34.03 over the next 10 years.
  • FCX's stock price has gone up 10 of the 13 years (+76%) it's provision for income taxes were also up.
* A modified method (see: here) is used to calculate changes that involve negative numbers.
5-Year Change 🚀
+18.4%$18.0BNet Revenue (Sales)
-60.2%$12.3BCost of Revenue (Sales)
-136.5%$5.7BGross Profit Margin
-130.8%1.27Gross Profit Margin Ratio
-103.2%-$12.0MOther Income/Expenses, Net
+12.6%$824.0MTotal Operating Expenses
-58.6%$13.1BCost & Expenses
+26.2%$944.0MInterest Expense/Income, Net
-137.9%$4.9BEBITDA
-129.8%$4.9BOperating Income
-134.3%$5.9BPretax Income (Earnings)
-128.9%1.31Pretax Income (Earnings) Margin
-416.6%$2.4BProvision For Income Taxes
-117.4%$2.8BNet Income (Earnings)
-114.0%1.94Earnings Per Share (EPS)
-113.8%1.92Earnings Per Share (EPS) Diluted
+23.9%$5.8BShares Outstanding
+24.8%$5.9BShares Outstanding (Diluted)
  • FCX Historical Provision For Income Taxes Table
    in $ million
    * A modified method (see: here) is used to calculate changes that involve negative numbers.
    Year Provision For Income Taxes YoY % Change* Stock Price YoY % Change (Stock Price)
    4/1/2021 $611 -7.7% $16.36 80.4%
    4/1/2020 $662 -356.6% $9.07 -5.3%
    4/1/2019 $-258 -115.4% $9.58 -41.7%
    4/1/2018 $1,679 61.6% $16.42 47.5%
    4/1/2017 $1,039 -958.7% $11.14 3.7%
    4/1/2016 $-121 -95.1% $10.74 -42.8%
    4/1/2015 $-2,452 -259.0% $18.79 -40.3%
    4/1/2014 $1,542 -13.0% $31.45 19.2%
    4/1/2013 $1,772 16.8% $26.38 0.4%
    4/1/2012 $1,517 -59.3% $26.28 -36.3%
    4/1/2011 $3,725 37.7% $41.24 52.7%
    4/1/2010 $2,706 -192.9% $27.0 29.2%
    4/1/2009 $-2,914 -235.4% $20.91 -52.1%
    4/1/2008 $2,152 -4.6% $43.68 49.2%
    4/1/2007 $2,255 86.2% $29.28 49.9%
    4/1/2006 $1,211 63.2% $19.54 67.2%
    4/1/2005 $742 328.7% $11.69 9.7%
    4/1/2004 $173 -40.9% $10.65 55.7%
    4/1/2003 $292 19.3% $6.84 11.7%
    4/1/2002 $245 21.0% $6.12 26.0%
    4/1/2001 $202 27.2% $4.86 70.6%
    4/1/2000 $159 -36.6% $2.85 -40.0%
    4/1/1999 $251 119.8% $4.75 -18.2%
    4/1/1998 $114 -50.5% $5.81 -33.8%
    4/1/1997 $231 -26.8% $8.77 -9.7%
    4/1/1996 $316 50.1% $9.71 25.6%
    4/1/1995 $210 171.0% $7.73 0.0%
    4/1/1994 $77 - $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.

  • A provision for income taxes is the estimated amount that a business or individual taxpayer expects to pay in income taxes for the current year. The amount of this provision is derived by adjusting the firm's reported net income with a variety of permanent differences and temporary differences.

    For more detailed definitions, please see Investopedia.



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