Summary
Freeport-McMoRan Inc.'s (FCX) 2016 10-K filing, filed on February 23, 2017, covers the fiscal year ending December 30, 2016. This excerpt focuses on disclosures related to executive compensation, security ownership, related party transactions, and auditor information, largely referencing details to be provided in the company's definitive proxy statement for its 2017 annual meeting. Investors should note that specific financial performance and operational details are found in other sections of the 10-K, particularly Item 8 which contains the consolidated financial statements.
Financial Highlights
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Financial Statements
Beta
| Revenue | $14.83B |
| Cost of Revenue | $17.53B |
| Gross Profit | -$2.70B |
| SG&A Expenses | $597.00M |
| Operating Expenses | $17.56B |
| Operating Income | -$2.73B |
| Net Income | -$4.15B |
| EPS (Basic) | $-3.16 |
| EPS (Diluted) | $-3.16 |
| Shares Outstanding (Basic) | 1.32B |
| Shares Outstanding (Diluted) | 1.32B |
Key Highlights
- 1Executive compensation details are incorporated by reference to the company's definitive proxy statement.
- 2The company has various equity compensation plans, including those assumed through acquisitions of Plains Exploration, McMoRan Exploration, and Phelps Dodge.
- 3The 2016 Stock Incentive Plan is the only plan with shares available for future grants.
- 4Information regarding security ownership by management and related stockholder matters is also referenced in the proxy statement.
- 5Details on certain relationships and related party transactions are similarly incorporated by reference.
- 6Principal accounting fees and services information will be found in the proxy statement under 'Independent Registered Public Accounting Firm'.
Frequently Asked Questions
Detailed information regarding executive and director compensation is incorporated by reference to Freeport-McMoRan Inc.'s definitive proxy statement for its 2017 annual meeting of stockholders.
Freeport-McMoRan has several equity compensation plans, including the 2016 Stock Incentive Plan (which has shares available for future grants) and various plans assumed from past acquisitions (Plains Exploration, McMoRan Exploration, and Phelps Dodge) that may still result in the issuance of common stock or be settled with stock.
Information about security ownership by certain beneficial owners, management, and related stockholder matters is incorporated by reference to the company's definitive proxy statement.
The excerpt provided does not contain the detailed financial statements. The consolidated financial statements, including the statements of operations, comprehensive loss, cash flows, equity, and balance sheets, are located in Item 8 of the 10-K filing, titled 'Financial Statements and Supplementary Data'.