Freeport-McMoRan (FCX)

[eddy2]

To have the numbers work you must subtract administrative charges from the retained earnings. You must also subtract interest payments plus amortization costs from your capital surplus to get at the tax bill number associated to the borrowed capital. The tax debt comes due on a annual bases so it will accumulate from one quarter to the following one. It is always a year in the rear meaning the debt is not payable until after a year has past for that particular quarter.

It takes a team of forensic accountants and considerable more information then given to break down the individual tax components that make up the components of the charge.

You are only interested in the credit or charges if any from the tax’s owed.

Tax’s are not a means directly associated with revenue or company performance when assessing legit revenue from the revenue associated from the turning over of debt too the equity holders “ buying back equity or collateral from debt holders”.