GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (NYSE:FCX) » Definitions » Tax Rate %

FCX (Freeport-McMoRan) Tax Rate % : 41.94% (As of Dec. 2024)


View and export this data going back to 1995. Start your Free Trial

What is Freeport-McMoRan Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Freeport-McMoRan's Tax Expense for the three months ended in Dec. 2024 was $520 Mil. Freeport-McMoRan's Pre-Tax Income for the three months ended in Dec. 2024 was $1,240 Mil. Therefore, Freeport-McMoRan's Tax Rate % for the quarter that ended in Dec. 2024 was 41.94%.


Freeport-McMoRan Tax Rate % Historical Data

The historical data trend for Freeport-McMoRan's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Freeport-McMoRan Tax Rate % Chart

Freeport-McMoRan Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.53 30.02 33.76 37.80 36.53

Freeport-McMoRan Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.90 30.59 37.14 37.54 41.94

Freeport-McMoRan Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Freeport-McMoRan's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=2523/6907
=36.53 %

Freeport-McMoRan's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=520/1240
=41.94 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Freeport-McMoRan Tax Rate % Related Terms

Thank you for viewing the detailed overview of Freeport-McMoRan's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.


Freeport-McMoRan Business Description

Address
333 North Central Avenue, Phoenix, AZ, USA, 85004-2189
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
Executives
Maree E. Robertson officer: SVP & CFO 333 N. CENTRAL AVE., PHOENIX AZ 85004
Stephen T. Higgins officer: Senior VP & CAO 333 N. CENTRAL AVENUE, PHOENIX AZ 85004
Richard C Adkerson officer: President and CFO
Ellie L. Mikes officer: Chief Accounting Officer 333 N. CENTRAL AVE., PHOENIX AZ 85004
Currault Douglas N. Ii officer: Senior VP & General Counsel 333 N. CENTRAL AVENUE, PHOENIX AZ 85004
Sara Grootwassink Lewis director C/O CAPITALSOURCE INC., 4445 WILLARD AVENUE, 12TH FLOOR, CHEVY CHASE MD 20815
Ryan Michael Lance director SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Robert W. Dudley director 333 NORTH CENTRAL AVENUE, PHOENIX AZ 85004
David P Abney director 55 GLENLAKE PARWAY, NE, ATLANTA GA 30328
Marcela E Donadio director 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Dustan E Mccoy director
Hugh Grant director C/O PPG INDUSTRIES, INC., 1 PPG PLACE, PITTSBURGH PA 15272
Whitmire C Donald Jr officer: Vice President and Controller
Kathleen L Quirk officer: SVP, CFO, Treasurer 1615 POYDRAS STREET, NEW ORLEANS LA 70112
Gerald J Ford director 200 CRESCENT CT STE 1350, DALLAS TX 75201