自由港麦克莫兰 2025年季度报告

FORM10-Q (Mark one) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2025OR For the transition period fromtoCommission file number:001-11307-01 Freeport-McMoRan Inc. 74-2480931(I.R.S. Employer Identification No.) (602)366-8100(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.☑Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☑NoOn April30, 2025, there were issued and outstanding1,436,200,253shares of the registrant’s common stock, par value $0.10 per TABLE OF CONTENTS Part I. Financial Information Item 1. Financial Statements: Part I.FINANCIAL INFORMATION Freeport-McMoRan Inc.CONSOLIDATED BALANCE SHEETS (Unaudited) Freeport-McMoRan Inc.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1.GENERAL INFORMATION The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructionsto Form 10-Q and do not include all information and disclosures required by generally accepted accounting principles inthe United States (U.S.). Therefore, this information should be read in conjunction with Freeport-McMoRan Inc.’s (FCX)consolidated financial statements and notes contained in its annual report on Form 10-K for the year ended December31,2024 (2024 Form 10-K). The information furnished herein reflects all adjustments that are, in the opinion of management, Subsequent Events.FCX evaluated events after March31, 2025, and through the date the consolidated financialstatements were issued and determined any events and transactions occurring during this period that would require NOTE 2.EARNINGS PER SHARE FCX calculates its basic net income per share of common stock under the two-class method and calculates its diluted netincome per share of common stock using the more dilutive of the two-class method or the treasury-stock method. Basicnet income per share of common stock was computed by dividing net income attributable to common stockholders (afterdeducting accumulated undistributed dividends and earnings allocated to participating securities) by the weighted-average Reconciliations of net income and weighted-average shares of common stock outstanding for purposes of calculatingbasic and diluted net income per share follow: Shares associated with outstanding stock options with exercise prices greater than the average market price of FCX’scommon stock during the period are excluded from the computation of diluted net income per share of common stock. NOTE 3.INCOME TAXES Geographic sources of FCX’s benefit (provision) for income taxes follow: Three Months Ended FCX’s consolidated effective income tax rate is a function of the various rates in the jurisdictions where it operates andwas39% for first-quarter 2025 and31% for first-quarter 2024. The first-quarter 2024 effective income tax rate reflects netbenefits of $182million related to closure of PT Freeport Indonesia’s (PTFI) 2021 corporate income tax audit and During first-quarter 2025, FCX’s U.S. operations generated a net loss that will not result in a realized tax benefit,accordingly, applicable accounting rules require FCX to adjust its estimated effective tax rate to exclude the impact of U.S.net losses. NOTE 4.DEBT AND EQUITY The components of debt follow: Revolving Credit Facilities.FCX and PTFI have a $3.0billion, unsecured revolving credit facility that matures in October2027. Under the terms of the revolving credit facility, FCX may obtain loans and issue letters of credit in an aggregateamount of up to $3.0billion, with a $1.5billion sublimit on the issuance of letters of credit and a $500million limit on