Freeport Free Cash Flow vs Depreciation Analysis

FCX Stock

USD 41.59 0.49 1.16%

Freeport McMoran financial indicator trend analysis is much more than just examining Freeport McMoran Copper latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freeport McMoran Copper is a good investment. Please check the relationship between Freeport McMoran Free Cash Flow and its Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freeport McMoran Copper Free Cash Flow account and Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Freeport McMoran's Free Cash Flow and Depreciation is -0.58. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Freeport McMoran Copper Gold, assuming nothing else is changed. The correlation between historical values of Freeport McMoran's Free Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Freeport McMoran Copper Gold are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Freeport McMoran's Free Cash Flow and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.58

Relationship Direction	Negative
Relationship Strength	Very Weak

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Depreciation

Depreciation indicates how much of Freeport McMoran Copper value has been used up. For tax purposes Freeport McMoran can deduct the cost of the tangible assets it purchases as business expenses. However, Freeport McMoran Copper Gold must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Freeport McMoran's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freeport McMoran Copper current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, Freeport McMoran's Discontinued Operations is fairly stable compared to the past year. Tax Provision is likely to rise to about 2.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 315.5 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	529M	656M	935M	969.6M
Cost Of Revenue	14.0B	15.1B	15.8B	16.6B

Total Operating Expenses Cost Of Revenue

Freeport McMoran fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Accounts Payable	Short Term Debt	Property Plant And Equipment Gross	Common Stock	Common Stock Total Equity	Other Liab
Total Assets		0.66	0.85	0.77	0.98	0.51	0.06	0.27	0.98	0.12	0.28	0.76	0.44	0.75	0.91	0.59	0.55	0.78	0.71	0.53	0.76	0.3	0.69	0.8	0.57	0.56
Short Long Term Debt Total	0.66		0.47	0.18	0.72	0.94	-0.31	-0.26	0.74	-0.24	-0.27	0.87	0.34	0.97	0.42	0.35	0.61	0.95	0.14	-0.07	0.81	0.38	0.13	0.48	0.44	0.3
Total Current Liabilities	0.85	0.47		0.63	0.75	0.24	-0.04	0.6	0.74	-0.02	0.61	0.62	0.51	0.52	0.85	0.39	0.49	0.59	0.89	0.76	0.53	0.65	0.85	0.73	0.62	0.68
Total Stockholder Equity	0.77	0.18	0.63		0.72	0.07	0.6	0.34	0.72	0.29	0.35	0.49	0.08	0.31	0.78	0.53	0.16	0.35	0.64	0.52	0.55	-0.01	0.6	0.57	0.19	0.1
Property Plant And Equipment Net	0.98	0.72	0.75	0.72		0.63	0.09	0.08	1.0	0.1	0.09	0.76	0.35	0.8	0.84	0.62	0.49	0.81	0.55	0.4	0.79	0.21	0.61	0.7	0.47	0.48
Net Debt	0.51	0.94	0.24	0.07	0.63		-0.23	-0.56	0.65	-0.22	-0.56	0.72	0.07	0.86	0.27	0.27	0.38	0.81	-0.14	-0.3	0.71	0.24	-0.04	0.27	0.17	0.13
Retained Earnings	0.06	-0.31	-0.04	0.6	0.09	-0.23		-0.05	0.07	0.21	-0.04	-0.09	-0.62	-0.3	0.08	0.14	-0.61	-0.29	-0.02	0.05	-0.02	-0.34	0.21	-0.29	-0.57	-0.59
Cash	0.27	-0.26	0.6	0.34	0.08	-0.56	-0.05		0.06	0.11	1.0	0.01	0.51	-0.15	0.42	0.02	0.26	-0.06	0.86	0.8	-0.1	0.37	0.64	0.44	0.49	0.51
Non Current Assets Total	0.98	0.74	0.74	0.72	1.0	0.65	0.07	0.06		0.11	0.07	0.78	0.35	0.82	0.84	0.61	0.51	0.82	0.54	0.37	0.81	0.21	0.58	0.72	0.48	0.47
Non Currrent Assets Other	0.12	-0.24	-0.02	0.29	0.1	-0.22	0.21	0.11	0.11		0.12	-0.1	0.0	-0.15	0.11	-0.05	-0.05	-0.16	0.1	0.19	-0.16	-0.37	0.15	0.12	0.02	0.08
Cash And Short Term Investments	0.28	-0.27	0.61	0.35	0.09	-0.56	-0.04	1.0	0.07	0.12		0.0	0.5	-0.16	0.43	0.01	0.25	-0.06	0.86	0.8	-0.1	0.38	0.66	0.44	0.49	0.52
Net Receivables	0.76	0.87	0.62	0.49	0.76	0.72	-0.09	0.01	0.78	-0.1	0.0		0.4	0.9	0.6	0.43	0.68	0.92	0.41	0.15	0.89	0.35	0.27	0.67	0.52	0.26
Common Stock Shares Outstanding	0.44	0.34	0.51	0.08	0.35	0.07	-0.62	0.51	0.35	0.0	0.5	0.4		0.5	0.41	0.4	0.9	0.55	0.57	0.5	0.37	0.3	0.29	0.7	0.96	0.74
Non Current Liabilities Total	0.75	0.97	0.52	0.31	0.8	0.86	-0.3	-0.15	0.82	-0.15	-0.16	0.9	0.5		0.52	0.51	0.74	0.99	0.25	0.04	0.88	0.28	0.19	0.62	0.58	0.37
Inventory	0.91	0.42	0.85	0.78	0.84	0.27	0.08	0.42	0.84	0.11	0.43	0.6	0.41	0.52		0.46	0.47	0.56	0.81	0.6	0.64	0.32	0.74	0.83	0.57	0.64
Other Current Assets	0.59	0.35	0.39	0.53	0.62	0.27	0.14	0.02	0.61	-0.05	0.01	0.43	0.4	0.51	0.46		0.43	0.53	0.29	0.32	0.59	-0.16	0.3	0.43	0.36	0.15
Other Stockholder Equity	0.55	0.61	0.49	0.16	0.49	0.38	-0.61	0.26	0.51	-0.05	0.25	0.68	0.9	0.74	0.47	0.43		0.77	0.47	0.28	0.64	0.27	0.12	0.82	0.91	0.6
Total Liab	0.78	0.95	0.59	0.35	0.81	0.81	-0.29	-0.06	0.82	-0.16	-0.06	0.92	0.55	0.99	0.56	0.53	0.77		0.34	0.13	0.88	0.33	0.26	0.66	0.63	0.41
Total Current Assets	0.71	0.14	0.89	0.64	0.55	-0.14	-0.02	0.86	0.54	0.1	0.86	0.41	0.57	0.25	0.81	0.29	0.47	0.34		0.84	0.34	0.47	0.81	0.76	0.65	0.67
Other Current Liab	0.53	-0.07	0.76	0.52	0.4	-0.3	0.05	0.8	0.37	0.19	0.8	0.15	0.5	0.04	0.6	0.32	0.28	0.13	0.84		0.0	0.39	0.79	0.5	0.51	0.61
Accounts Payable	0.76	0.81	0.53	0.55	0.79	0.71	-0.02	-0.1	0.81	-0.16	-0.1	0.89	0.37	0.88	0.64	0.59	0.64	0.88	0.34	0.0		0.18	0.21	0.68	0.48	0.21
Short Term Debt	0.3	0.38	0.65	-0.01	0.21	0.24	-0.34	0.37	0.21	-0.37	0.38	0.35	0.3	0.28	0.32	-0.16	0.27	0.33	0.47	0.39	0.18		0.41	0.3	0.39	0.48
Property Plant And Equipment Gross	0.69	0.13	0.85	0.6	0.61	-0.04	0.21	0.64	0.58	0.15	0.66	0.27	0.29	0.19	0.74	0.3	0.12	0.26	0.81	0.79	0.21	0.41		0.43	0.39	0.61
Common Stock	0.8	0.48	0.73	0.57	0.7	0.27	-0.29	0.44	0.72	0.12	0.44	0.67	0.7	0.62	0.83	0.43	0.82	0.66	0.76	0.5	0.68	0.3	0.43		0.79	0.67
Common Stock Total Equity	0.57	0.44	0.62	0.19	0.47	0.17	-0.57	0.49	0.48	0.02	0.49	0.52	0.96	0.58	0.57	0.36	0.91	0.63	0.65	0.51	0.48	0.39	0.39	0.79		0.8
Other Liab	0.56	0.3	0.68	0.1	0.48	0.13	-0.59	0.51	0.47	0.08	0.52	0.26	0.74	0.37	0.64	0.15	0.6	0.41	0.67	0.61	0.21	0.48	0.61	0.67	0.8

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Freeport McMoran Account Relationship Matchups

Freeport McMoran fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	40.8B	42.1B	48.0B	51.1B	52.5B	55.1B
Short Long Term Debt Total	9.8B	9.7B	9.5B	10.6B	9.9B	6.2B
Total Current Liabilities	3.2B	3.4B	5.9B	6.3B	5.8B	6.1B
Total Stockholder Equity	9.3B	10.2B	14.0B	15.6B	16.7B	17.5B
Property Plant And Equipment Net	29.6B	29.8B	30.3B	32.6B	35.3B	37.1B
Net Debt	7.8B	6.1B	1.4B	2.5B	4.2B	4.3B
Retained Earnings	(12.3B)	(11.7B)	(7.4B)	(3.9B)	(2.1B)	(2.2B)
Cash	2.0B	3.7B	8.1B	8.1B	5.7B	5.9B
Non Current Assets Total	33.0B	32.8B	33.2B	35.5B	38.4B	40.4B
Non Currrent Assets Other	3.4B	3.0B	2.8B	(2.1B)	2.4B	2.5B
Cash And Short Term Investments	2.0B	3.7B	8.1B	8.1B	6.0B	6.3B
Net Receivables	1.2B	1.4B	1.7B	1.8B	1.7B	1.0B
Common Stock Shares Outstanding	1.5B	1.5B	1.5B	1.5B	1.4B	814.2M
Liabilities And Stockholders Equity	40.8B	42.1B	48.0B	51.1B	52.5B	55.1B
Non Current Liabilities Total	20.2B	20.1B	19.1B	19.9B	19.4B	10.9B
Other Current Assets	655M	341M	523M	492M	375M	192.2M
Other Stockholder Equity	22.1B	22.3B	21.6B	19.6B	18.9B	9.5B
Total Liab	23.4B	23.5B	25.0B	26.2B	25.2B	13.4B
Total Current Assets	7.8B	9.3B	14.8B	15.6B	14.1B	14.8B
Other Current Liab	628M	1.5B	1.7B	1.7B	1.6B	1.6B
Accounts Payable	2.6B	1.5B	2.0B	2.7B	2.5B	1.5B
Short Term Debt	5M	72M	410M	1.1B	850M	892.5M
Property Plant And Equipment Gross	29.6B	29.8B	77.0B	80.9B	84.6B	88.8B
Accumulated Other Comprehensive Income	(676M)	(583M)	(388M)	(320M)	(274M)	(287.7M)
Other Liab	10.1B	10.4B	10.0B	10B	11.5B	12.1B
Other Assets	2.6B	3.0B	2.8B	2.1B	2.4B	2.2B
Long Term Debt	9.8B	9.7B	9.1B	9.6B	8.7B	8.6B
Treasury Stock	(3.7B)	(3.8B)	(4.3B)	(5.7B)	(5.1B)	(4.9B)
Property Plant Equipment	31.0B	31.3B	30.3B	33.9B	39.0B	22.3B
Short Term Investments	11M	109M	100M	500M	300M	315M
Intangible Assets	402M	401M	412M	416M	422M	346.4M
Good Will	306M	398M	402M	401M	360.9M	678.1M
Net Tangible Assets	9.3B	10.2B	14.0B	15.6B	14.0B	9.9B
Noncontrolling Interest In Consolidated Entity	8.2B	8.5B	9.0B	9.3B	10.7B	5.7B
Retained Earnings Total Equity	(12.3B)	(11.7B)	(7.4B)	(3.9B)	(3.5B)	(3.7B)

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Freeport Free Cash Flow vs Depreciation Analysis

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow

Depreciation

Freeport McMoran fundamental ratios Correlations

Freeport McMoran Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Freeport McMoran fundamental ratios Accounts

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Additional Tools for Freeport Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total

Common Stock Shares Outstanding	- 0.62	Retained Earnings
Other Stockholder Equity	- 0.61	Retained Earnings
Other Liab	- 0.59	Retained Earnings
Common Stock Total Equity	- 0.57	Retained Earnings
Cash And Short Term Investments	- 0.56	Net Debt
Cash	- 0.56	Net Debt