(January 26, 2022) Freeport-McMoRan Inc. reported fourth-quarter 2021 net income attributable to common stock of $1.1 billion, $0.74 per share, and adjusted net income attributable to common stock of $1.4 billion, $0.96 per share, after excluding net charges totaling $0.3 billion, $0.21 per share, primarily associated with adjustments to reclamation liabilities at PT Freeport Indonesia (PT-FI) and charges for PT-FI historical contested tax matters.
Richard C. Adkerson, Chairman and Chief Executive Officer, said, "I am incredibly proud of our Freeport team’s stellar performance during 2021 to deliver growth in volumes, solid cost and capital management in a challenging environment and to advance our sustainability objectives. We are positioned for a bright future as a leading, responsible, long-term supplier of copper to support the global economy and the transition to clean energy. We have a clear strategy of being foremost in copper, our balance sheet is strong and the prospects for our business have never been brighter. Our team is focused on continuing strong execution and generating strong cash flows to support advancement of organic growth initiatives and increase cash returns to shareholders under our established financial policy. Our success will support value creation for all stakeholders."
For full details, read the news release on FCX.com.