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Annual Financials for Freeport-McMoRan Copper & Gold Inc.View Ratios

Fiscal year is January-December. All values USD

millions.2009 2010 2011 2012

Sales/Revenue 13.69 18.36 21.43 17.94

Sales Growth -28.93% 34.16% 16.69% -16.30%

Cost of Goods Sold (COGS) incl. D&A 8.14B 9.5B 11.19B 11.86B

COGS excluding D&A 7.12B 8.47B 10.17B 10.68B

Depreciation & Amortization Expense 1.01B 1.04B 1.02B 1.18B

Depreciation 998M 1.03B 1.01B -

Amortization of Intangibles 16M 10M 10M -

COGS Growth -38.51% 16.75% 17.77% 6.01%

Gross Income 5.55 8.86 10.24 6.07

Gross Income Growth -7.87% 59.70% 15.53% -40.67%

Gross Profit Margin - - - 33.87%

2009 2010 2011 2012SG&A Expense 321M 381M 415M 431M

Research & Development - - - -

Other SG&A 321M 381M 415M 431M

SGA Growth 19.33% 18.69% 8.92% 3.86%

Other Operating Expense 0 0 0 0

Unusual Expense (1.23B) (506M) 723M (5M)

EBIT after Unusual Expense 1.23 0.506 -0.723 0.005

Non Operating Income/Expense (99M) (13M) 30M 25M

Non-Operating Interest Income 46M 0 0 0Equity in Affiliates (Pretax) - - - 0

Interest Expense 0.586 0.462 0.312 0.186

Interest Expense Growth 0.34% -21.16% -32.47% -40.38%

Gross Interest Expense 664M 528M 421M 267M

Interest Capitalized 78M 66M 109M 81M

Pretax Income 5.82B 8.51B 8.82B 5.49B

Pretax Income Growth 143.70% 46.35% 3.59% -37.78%

Pretax Margin - - - 30.59%

Income Tax 2.31B 2.98B 3.09B 1.51B

Income Tax - Current Domestic 26M 234M 415M 245M

Income Tax - Current Foreign 1.97B 2.5B 1.95B 1B

Income Tax - Deferred Domestic 9M 10M 63M 105M

Income Tax - Deferred Foreign 301M 239M 661M 363M


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Income Tax Credits 0 0 0 205M

Equity in Affiliates 25M 15M 16M 3M

Other After Tax Income (Expense) 0 0 0 0

Consolidated Net Income 3.53B 5.54B 5.75B 3.98B

Minority Interest Expense 785M 1.21B 1.19B 939M

Net Income 2.75 4.34 4.56 3.04

Net Income Growth 124.84% 57.73% 5.17% -33.31%

Net Margin Growth - - - 16.96%

Extraordinaries & Discontinued Operations 0 0 0 0

Extra Items & Gain/Loss Sale Of Assets 0 0 0 0

Cumulative Effect - Accounting Chg 0 0 0 0

Discontinued Operations 0 0 0 0Net Income After Extraordinaries 2.75B 4.34B 4.56B 3.04B

Preferred Dividends 222M 63M 0 0

Net Income Available to Common 2.53B 4.27B 4.56B 3.04B

EPS (Basic) 3.05 2.34 4.81 3.20

EPS (Basic) Growth 120.52% -23.44% 106.00% -33.47%

Basic Shares Outstanding 0.828 1.83 0.947 0.949

EPS (Diluted) 2.93 2.29 4.78 3.19

EPS (Diluted) Growth 119.72% -22.01% 109.19% -33.26%

Diluted Shares Outstanding 0.938 1.9 0.955 954

EBITDA 6.24B 9.52B 10.85B 6.82B

Annual Financials for Freeport-McMoRan Copper & Gold Inc.View Ratios

Assets

Fiscal year is January-December. All values USD

millions.2009 2010 2011 2012

Cash & Short Term Investments 2.66 3.74 4.82 3.71

Cash Only 2.66 3.74 0.815 0.714


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Short-Term Investments - - 4.01B 2.99B

Cash & Short Term Investments Growth 204.59% 40.74% 29.00% -23.16%

Cash & ST Investments / Total Assets 10.22% 12.72% 15.04% 10.45%

Total Accounts Receivable 1.8B 2.43B 1.14B 1.63B

Accounts Receivables, Net 1.52B 2.13B 892M 927MAccounts Receivables, Gross 1.52B 2.13B 892M 927M

Bad Debt/Doubtful Accounts - - - -

Other Receivables 286M 293M 250M 702M

Accounts Receivable Growth 48.76% 34.50% -52.91% 42.64%

Accounts Receivable Turnover 7.59 7.57 18.76 11.01

Inventories 2.87B 3.43B 3.87B 4.58B

Finished Goods 603M 713M 778M 911MWork in Progress 335M 359M 187M 252M

Raw Materials 1.95B 2.39B 2.93B 3.44B

Progress Payments & Other (21M) (26M) (26M) (27M)

Other Current Assets 104M 254M 214M 387M

Miscellaneous Current Assets 104M 254M 214M 387M

Total Current Assets 7.43 9.85 10.05 10.3

2009 2010 2011 2012

Net Property, Plant & Equipment 16.2B 16.79B 18.45B 21B

Property, Plant & Equipment - Gross 21.79B 23.38B 25.98B 29.65B

Buildings 2.7B 2.82B 3.15B 3.81B

Land & Improvements - - - -

Computer Software and Equipment - - - -

Other Property, Plant & Equipment 8.58B 8.79B 9.09B 9.52B

Accumulated Depreciation 5.59B 6.59B 7.53B 8.65B

Total Investments and Advances 296M 725M 810M 795M

Other Long-Term Investments 202M 671M 638M 706M

Long-Term Note Receivable 168M 200M 675M 769M

Intangible Assets 347M 328M 325M 334M

Net Goodwill 0 0 0 -

Net Other Intangibles 347M 328M 325M -

Other Assets 1.43B 1.5B 1.76B 2.03B

Tangible Other Assets 1.34B 1.44B 1.72B 2B


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Total Assets 26B 29.39B 32.07B 35.44B

Assets - Total - Growth 11.32% 13.04% 9.13% 10.51%

Liabilities & Shareholders' Equity

2009 2010 2011 2012

ST Debt & Current Portion LT Debt 0.016 0.095 0.004 0.002

Short Term Debt 0 0 0 0

Current Portion of Long Term Debt 16M 95M 4M 2M

Accounts Payable 890M 1.27B 1.35B 1.57B

Accounts Payable Growth -23.54% 42.92% 6.37% 15.89%

Income Tax Payable 675M 861M 358M 477M

Other Current Liabilities 1.42B 1.54B 1.23B 1.3B

Dividends Payable 99M 240M 240M 299M

Accrued Payroll 315M 400M 437M 427M

Miscellaneous Current Liabilities 1.01B 895M 548M 570M

Total Current Liabilities 3 3.76 2.94 3.34

Long-Term Debt 6.33 4.66 3.53 3.53

Long-Term Debt excl. Capitalized Leases 6.33B 4.66B 3.53B 3.53B

Non-Convertible Debt 6.33B 4.66B 3.53B 3.53B

Convertible Debt 0 0 0 0

Capitalized Lease Obligations - - - -

Provision for Risks & Charges 3.14B 3.38B 3.63B 3.62B

Deferred Taxes 2.38B 2.87B 3.26B 3.27B

Deferred Taxes - Credit 2.5B 2.87B 3.26B 3.49B

Deferred Taxes - Debit 126M 2M 0 220M

Other Liabilities 266M 146M 157M 153M

Other Liabilities (excl. Deferred Income) 266M 146M 157M 153M

Deferred Income - - - -

Total Liabilities 15.24B 14.83B 13.52B 14.13B

Non-Equity Reserves 0 0 0 0

Total Liabilities / Total Assets 58.62% 50.45% 42.15% 39.87%

Preferred Stock (Carrying Value) 2.88B 0 0 0

Redeemable Preferred Stock 0 0 0 0

Non-Redeemable Preferred Stock 2.88B 0 0 0

Common Equity (Total) 6.24B 12.5B 15.64B 17.54B

Common Stock Par/Carry Value 55M 107M 107M 107M

Retained Earnings (5.81B) (2.59B) 546M 2.4B

ESOP Debt Guarantee 0 0 0 0

Cumulative Translation Adjustment/Unrealized

For. Exch. Gain- - - 5M

Unrealized Gain/Loss Marketable Securities 0 0 0 (4M)

Revaluation Reserves 0 0 0 0

Treasury Stock (3.41B) (3.44B) (3.55B) (3.58B)

Common Equity / Total Assets 24.02% 42.55% 48.77% 49.50%


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Total Shareholders' Equity 9.12B 12.5B 15.64B 17.54B

Total Shareholders' Equity / Total Assets 35.08% 42.55% 48.77% 49.50%

Accumulated Minority Interest 1.64B 2.06B 2.91B 3.77B

Total Equity 10.76 14.56 18.55 21.31

Liabilities & Shareholders' Equity 26B 29.39B 32.07B 35.44B


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RATIOS 12/31/2009 12/31/2010

Stock Price 80.29 120.09

Valuation

Price-Earning 27.40 52.44

Market to Book 6.18 15.09

Enterprice/Ebitda

Profitability

Operating Margin 40.54% 48.26%

Net profit margin 20.09% 23.64%

Return to Equity (ROE) 25.56% 29.81%

Financial Strenght

Current ratio 2.48 2.62

Deuda a libros y patrimonio= Book Debt -Equity 0.59 0.33

Market Debt-Equity 0.095457 0.021637

Interest Covarage 2.09897611 1.095238095

Enterprice Value 70.16612 220.7797

INSUDTRY

Industry

P/E Ratio (TTM) 19.93

P/E High - Last 5 Yrs. 42.95

P/E Low - Last 5 Yrs. 6.56

Beta 1.21

Price to Sales (TTM) 2.09

Price to Book (MRQ) 1.24

Price to Tangible

Book (MRQ)

1.26

Price to Cash Flow

(TTM)

9.70

Price to Free Cash

Flow (TTM)

0.10

% Owned Institutions --

Dividends

Industry

Dividend Yield 2.18

Dividend Yield - 5

Year Avg.

23.44

Ratios de rendimiento

Ratios de fortaleza

financiera


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Dividend 5 Year

Growth Rate

18.89

Payout Ratio(TTM) 6.82

Growth Rates

Industry

Sales (MRQ) vs Qtr. 1

Yr. Ago

30.04

Sales (TTM) vs TTM 1

Yr. Ago

-4.41

Sales - 5 Yr. Growth

Rate

-11.95

EPS (MRQ) vs Qtr. 1

Yr. Ago

523.62

EPS (TTM) vs TTM 1

Yr. Ago

--

EPS - 5 Yr. Growth

Rate

-33.67

Capital Spending - 5

Yr. Growth Rate

14.87

Financial Strength

Industry

Quick Ratio (MRQ) 2.63

Current Ratio (MRQ) 3.56

LT Debt to Equity

(MRQ)

14.61

Total Debt to Equity

(MRQ)

19.30

Interest Coverage

(TTM)

35.55

Profitability Ratios

Industry

Gross Margin (TTM) 20.40

Gross Margin - 5 Yr.

Avg.

34.74

EBITD Margin (TTM) --

EBITD - 5 Yr. Avg 36.70

Operating Margin

(TTM)

13.40

Operating Margin - 5

Yr. Avg.

28.06

Pre-Tax Margin (TTM) 17.58


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Pre-Tax Margin - 5 Yr.

Avg.

29.33

Net Profit Margin

(TTM)

13.28

Net Profit Margin - 5

Yr. Avg.

21.69

Effective Tax Rate

(TTM)

24.81

Effective Tax Rate - 5

Yr. Avg.

25.34

Efficiency

Industry

Revenue/Employee

(TTM)

3,336,455,812

Net Income/Employee

(TTM)

434,597,578

Receivable Turnover

(TTM)

8.84

Inventory Turnover

(TTM)

5.27

Asset Turnover (TTM) 0.47

Management Effectiveness

Industry

Return on Assets

(TTM)

6.58

Return on Assets - 5

Yr. Avg.

12.88

Return on Investment

(TTM)

7.24

Return on Investment -

5 Yr. Avg.

14.07

Return on Equity

(TTM)

9.29

Return on Equity - 5

Yr. Avg.

16.98


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12/31/2011 12/31/2012

Revenue

36.79 34.20Earnings Per Share

Consensus Estimates Analysis

7.70 10.72

1.88 1.52

47.78% 33.84%

21.28% 16.95%

24.58% 14.27%

3.42 3.08

0.19 0.17

0.101435 0.108825

-2.317307692 0.02688172

33.55413 32.2778

Valuation Ratios


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Price-Earning stock price/eps

eps earning/n acciones divididas (Diluted shares outstanding)

Market to Book Stock Price/ ( Total Equity /Total Common shares ou

Basic Shares O

Enterprice/Ebitda

Operating Margin Gross operating porfit (gross income)/total revenue

Net profit margin total net income/total revenue

Return to Equity (ROE) Net income/total equity

Financial Strenght Total current assets/total current liabilities

Deuda a libros y patrimonio= Book Debt -Equity = Short term debt + Notes Payable + Long term d

Total equity

Market Debt-Equity = Notes payable + short term debt + long term debt

Stock price * Basic shares

Interest Covarage Ebit/Interest expenses

Enterprice Value= (Stock Price* Basic Share outstanding)+(short term d


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standing)

utstanding

(sales/revenue)

ebt

ebt+Long term debt)-cash


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RATIOS 12/31/2009 12/31/2010 12/31/2011 12/31/2012

Stock Price 51.51 42.1 25.76 14.25

Valuation

Price-Earning 16.40 11.41 7.76 -2.22

Market to Book 3.04 2.40 1.38 1.23

Enterprice/Ebitda

Profitability

Operating Margin22.23% 22.30% 22.43% 21.50%

Net profit margin 6.69% 6.97% 5.53% -10.55%

Return to Equity (ROE)18.90% 21.48% 18.13% -55.41%

Financial Strenght

Current ratio 1.22 1.10 1.01 1.09Deuda a libros y patrimoni 0.40 0.55 0.81 1.25

Market Debt-Equity 0.132078 0.228418 0.587499 1.013091

Interest Covarage -1.48911223 -4.14868106 -4.99092559 -22.8786127

Enterprice Value 126.0389 109.052 77.4284 45.2125

Ratios de

rendimiento

Ratios de

fortaleza

financiera


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Valuation Ratios Profitability Ratios

Industry

P/E Ratio (TTM) 14.79 Industry

P/E High - Last 5 Yrs. 25.5Gross Margin

(TTM)19.13

P/E Low - Last 5 Yrs. 11.14Gross Margin -

5 Yr. Avg.19.74

Beta 1.17EBITD Margin

(TTM)--

EBITD - 5 Yr.

Avg10.26

Price to Sales (TTM) 0.9

Price to Book (MRQ) 2.04Operating

Margin (TTM)7.28

Price to Tangible Book

(MRQ) 2.38

Operating

Margin - 5 Yr.Avg.

7.92

Price to Cash Flow (TTM) 8.94

Price to Free Cash Flow

(TTM)222.84

Pre-Tax

Margin (TTM)7.71

-% Owned Institutions --

Net Pro it 5.49

Dividends

Net Profit

Margin - 5 Yr.

Avg.

5.98

IndustryEffective Tax

Rate (TTM)26.42

Dividend Yield 2.22

Effective Tax

Rate - 5 Yr.

Avg.

24.95

Dividend Yield - 5 Year Avg. 2.01

Dividend 5 Year Growth Rate -1.39 Efficiency

Payout Ratio(TTM) 27.74 Industry

Revenue/Empl

oyee (TTM)13,286,077

Growth Rates

Net

Income/Emplo

yee (TTM)

505,362

Industry

Receivable

Turnover

(TTM)

9.25

Sales (MRQ) vs Qtr. 1 Yr. Ago 4.29

Inventory

Turnover

(TTM)

19.2


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Sales (TTM) vs TTM 1 Yr. Ago 4.07Asset Turnover

(TTM)1.51

Sales - 5 Yr. Growth Rate 15.81

Management Effectiveness

EPS (MRQ) vs Qtr. 1 Yr. Ago 31.64

EPS (TTM) vs TTM 1 Yr. Ago -- Industry

EPS - 5 Yr. Growth Rate 10.28Return on

Assets (TTM)6.7

Return on

Assets - 5 Yr.

Avg.

8.05

Capital Spending - 5 Yr.

Growth Rate10.45

Return on

Investment

(TTM)

12.01

Financial Strength

Return on

Investment - 5Yr. Avg.

14.53

IndustryReturn on

Equity (TTM)14.97

Quick Ratio (MRQ) 1.32

Return on

Equity - 5 Yr.

Avg.

17.13

Current Ratio (MRQ) 1.62

LT Debt to Equity (MRQ) 16.45

Total Debt to Equity (MRQ) 43.93

Interest Coverage (TTM) 10.48

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