Freeport-Mcmoran (FCX) Asset Writedowns and Impairment (2009 - 2020)

Freeport-Mcmoran (FCX) reported Asset Writedowns and Impairment of -$3.0 million for Q3 2020, down 107.32% year-over-year from $41.0 million in Q4 2019, and down 160.0% quarter-over-quarter from $5.0 million in Q2 2020.

Freeport-Mcmoran (FCX) Asset Writedowns and Impairment (2009 - 2020) Analysis & Trends

Freeport-Mcmoran (FCX) has 9 years of Asset Writedowns and Impairment data on file, last reported at -$3.0 million in Q3 2020.

  • Asset Writedowns and Impairment for Q3 2020 came in at -$3.0 million, down 107.32% year-over-year; the trailing twelve-month figure through Sep 2020 was $303.0 million (up 197.06% YoY), and the FY2025 annual result was $64.0 million, down 7.25% from the prior year.
  • Asset Writedowns and Impairment slipped to -$3.0 million in Q3 2020 per FCX's latest filing, from $5.0 million in the prior quarter.
  • Over five years, Asset Writedowns and Impairment peaked at $3.8 billion in Q1 2016 and troughed at -$3.0 million in Q3 2020.
  • A 5-year average of $337.4 million and a median of $25.0 million in 2016 frame the typical range for Asset Writedowns and Impairment.
  • The sharpest annual moves came in 2019 and 2020: Asset Writedowns and Impairment surged 3850.0% in 2019, then tumbled 107.32% in 2020.
  • A 5-year view of Asset Writedowns and Impairment shows it stood at $9.0 million in 2016, then fell by 11.11% to $8.0 million in 2017, then sank by 75.0% to $2.0 million in 2018, then surged by 3850.0% to $79.0 million in 2019, then tumbled by 103.8% to -$3.0 million in 2020.
  • Business Quant data shows FCX's Asset Writedowns and Impairment at -$3.0 million in Q3 2020, $5.0 million in Q2 2020, and $222.0 million in Q1 2020.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Southern Copper 142.13 Bn 136.85 Bn 2.75 Bn
2 Freeport-Mcmoran 91.19 Bn 99.46 Bn 6.22 Bn
3 Hudbay Minerals 10.19 Bn 9.65 Bn 368.00 Mn
4 Ero Copper 2.69 Bn 2.58 Bn 105.91 Mn
5 Ivanhoe Electric 1.75 Bn 1.46 Bn 505,000.00
6 Taseko Mines 3.95 Mn -119.02 Mn 83.54 Mn

Historic Data

Download Data
DateValue
Sep 30, 2020 -3.00 Mn
Sep 30, 2020 -3.00 Mn
Jun 30, 2020 5.00 Mn
Jun 30, 2020 5.00 Mn
Mar 31, 2020 222.00 Mn
Mar 31, 2020 222.00 Mn
Dec 31, 2019 79.00 Mn
Dec 31, 2019 79.00 Mn
Sep 30, 2019 41.00 Mn
Sep 30, 2019 41.00 Mn
Jun 30, 2019 2.00 Mn
Jun 30, 2019 2.00 Mn
Mar 31, 2019 57.00 Mn
Mar 31, 2019 57.00 Mn
Dec 31, 2018 2.00 Mn
Dec 31, 2018 2.00 Mn
Jun 30, 2018 2.00 Mn
Jun 30, 2018 2.00 Mn
Dec 31, 2017 8.00 Mn
Dec 31, 2017 8.00 Mn