Summary
This filing is an amendment (Amendment No. 2) to a previous 8-K filing by Freeport-McMoRan Inc. (FCX) related to the acquisition of Plains Exploration & Production Company (PXP). The primary purpose of this amendment is to provide an updated unaudited pro forma condensed combined statement of income for the full year ended December 31, 2013. Investors should note that this document does not introduce new operational data but rather refines the financial reporting of the PXP acquisition's impact on FCX's income statement for the 2013 fiscal year. This amendment provides a more complete picture of how the combined entity's income would have looked, as if the acquisition had occurred at the beginning of the reporting period. This pro forma information is crucial for understanding the historical financial performance of FCX post-acquisition, allowing for a more consistent comparison of results against prior periods or industry peers. Investors should review the provided pro forma income statement (Exhibit 99.1) for detailed insights into the combined financial performance for the year ended December 31, 2013.
Key Highlights
- 1Amendment No. 2 to Form 8-K filing by Freeport-McMoRan Inc. (FCX).
- 2Updates the unaudited pro forma condensed combined statement of income related to the Plains Exploration & Production Company (PXP) acquisition.
- 3Provides pro forma income statement for the full year ended December 31, 2013.
- 4The PXP acquisition was previously completed based on an Agreement and Plan of Merger dated December 5, 2012.
- 5Incorporates by reference Part II, Item 9A of PXP's Annual Report on Form 10-K for the fiscal year ended December 31, 2012.
- 6No other amendments to the prior Form 8-K filings are being made with this amendment.
- 7Exhibit 99.1 contains the unaudited pro forma condensed combined statement of income for the year ended December 31, 2013.