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Freeport-McMoRan Inc (NYSE:FCX)
Shares Outstanding
1,044 Mil (As of Mar. 2014)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Freeport-McMoRan Inc's shares outstanding for the quarter that ended in Mar. 2014 was 1,044 Mil.

Freeport-McMoRan Inc's quarterly shares outstanding declined from Dec. 2013 (1,045 Mil) to Mar. 2014 (1,044 Mil). It means Freeport-McMoRan Inc bought back shares from Dec. 2013 to Mar. 2014 .

Freeport-McMoRan Inc's annual shares outstanding increased from Dec. 2012 (954 Mil) to Dec. 2013 (1,006 Mil). It means Freeport-McMoRan Inc issued new shares from Dec. 2012 to Dec. 2013 .


Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.


A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Related Terms

Net Issuance of Stock, Buy Back Rate

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Freeport-McMoRan Inc Annual Data

Shares Outstanding 3704414427947649389499559541,006

Freeport-McMoRan Inc Quarterly Data

Shares Outstanding 9559539539579539841,0431,0451,0441,045
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