Deferred Taxes
Freeport-McMoRan Inc. Deferred Taxes decreased by 92.8% to $19.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 26.9%, from $26.00M to $19.00M. Over 2 years (FY 2021 to FY 2025), Deferred Taxes shows an upward trend with a 20.2% CAGR.
Analysis
How to read this metric
Positive values indicate tax benefits that improve cash flow, while negative values indicate cash tax outflows exceeding accounting expense.
Detailed definition
This reflects the difference between income tax expense recognized in the financial statements and the actual tax payabl...
Peer comparison
Common across all industries; highly dependent on specific tax jurisdictions and capital expenditure cycles.
deferred_income_taxesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $41.00M | $17.00M | -$267.00M | $48.00M | $15.00M | $20.00M | $35.00M | $39.00M | $56.00M | $52.00M | $46.00M | -$112.00M | $26.00M | $8.00M | -$50.00M | $263.00M | $19.00M |
| QoQ Change | — | -58.5% | <-999% | +118.0% | -68.8% | +33.3% | +75.0% | +11.4% | +43.6% | -7.1% | -11.5% | -343.5% | +123.2% | -69.2% | -725.0% | +626.0% | -92.8% |
| YoY Change | — | — | — | — | -63.4% | +17.6% | -27.1% | +160.0% | +180.0% | — | +31.4% | -315.4% | -43.5% | — | — | +334.8% | -26.9% |
Business Segments
| Segment | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| Atlantic Copper Smelting & Refining | $0.00 | -$13.00M | $1.00M | $1.00M | $0.00 | $10.00M | $2.00M | -$3.00M |
| Molybdenum | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Rod & Refining | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $52.00M | $46.00M | — | — | -$112.00M | $26.00M | $8.00M | -$50.00M |
Atlantic Copper Smelting & Refining, Molybdenum, Rod & Refining were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown
| Segment | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| South America | $74.00M | $103.00M | $214.00M | $158.00M | $129.00M | $193.00M | $151.00M | $202.00M |
| North America | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $52.00M | $46.00M | — | — | -$112.00M | $26.00M | $8.00M | -$50.00M |
North America, South America were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Deferred Taxes at Other Companies
Frequently Asked Questions
- What is Freeport-McMoRan Inc.'s deferred taxes?
- Freeport-McMoRan Inc. (FCX) reported deferred taxes of $19.00M in Q1 2026.
- How has Freeport-McMoRan Inc.'s deferred taxes changed year-over-year?
- Freeport-McMoRan Inc.'s deferred taxes decreased by 26.9% year-over-year, from $26.00M to $19.00M.
- What is the long-term trend for Freeport-McMoRan Inc.'s deferred taxes?
- Over 2 years (2021 to 2025), Freeport-McMoRan Inc.'s deferred taxes has grown at a 20.2% compound annual growth rate (CAGR), from -$171.00M to $247.00M.
- What does deferred taxes mean?
- The difference between tax reported on the income statement and actual cash taxes paid.