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| Date | Value |
|---|---|
| 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 |