18 |  FREEPORT-McMoRan COPPER & GOLD INC. Years Ended December 31,  2004  2003  2002  2001  2000 (Financial Data in Dollars, Except Average Shares, and in Thousands, Except Per Share Amounts) FCX CONSOLIDATED FINANCIAL DATA  Revenues $2,371,866  $2,212,165  $1,910,462  $1,838,866  $1,868,610 Operating income  703,576$^{a}$  823,308  640,137  542,926  492,293 Net income before cumulative effect of changes in  accounting principles  156,776$^{b}$  169,812$^{c}$  130,099  76,496  39,500 Cumulative effect of changes in accounting principles, net  —  (15,593)$^{d}$  (3,049)$^{e}$  —  — Net income applicable to common stock  156,776$^{b}$  154,219$^{c}$  127,050  76,496  39,500 Pro forma net income, assuming accounting changes are  applied retroactively  156,776$^{b}$  169,307$^{c,d}$  129,635  104,847  42,610 Basic net income per common share  0.86  0.99  0.88  0.53  0.26 Diluted net income per common share:  Applicable to common stock  0.85$^{b}$  0.97$^{c,d}$  0.87  0.53  0.26 Pro forma, assuming accounting changes are applied retroactively  0.85$^{b}$  1.06$^{c,d}$  0.89  0.72  0.28 Dividends paid per common share 1.10  0.27  —  —  — Basic average shares outstanding  182,272  155,805  144,649  143,952  153,997 Diluted average shares outstanding  184,923  159,102  146,418  144,938  154,519 At December 31:  Cash and restricted cash and investments  551,950  498,616  115,782  149,475  7,968 Property, plant, equipment and development costs, net   3,199,292   3,261,697   3,320,561   3,409,687   3,230,564 Total assets   5,086,995   4,718,366   4,192,193   4,211,929   3,950,741 Long-term debt, including current portion and short-term borrowings   1,951,906   2,228,330$^{d}$   2,038,390   2,338,600   2,190,025 Redeemable preferred stock  —  —$^{d}$  450,003  462,504  475,005 Stockholders’ equity   1,163,649  775,984  266,826  104,444  37,931 PT FREEPORT INDONESIA OPERATING DATA, NET OF RIO TINTO’S INTEREST Copper (recoverable) Production (000s of pounds)  996,500   1,291,600   1,524,200   1,393,400   1,388,100 Production (metric tons)  452,000  585,900  691,400  632,000  629,600 Sales (000s of pounds)  991,600   1,295,600   1,522,300   1,399,100   1,393,700 Sales (metric tons)  449,800  587,700  690,500  634,600  632,200 Average realized price per pound  $  1.37  $  0.82  $  0.71  $  0.69  $  0.82 Gold (recoverable ounces) Production   1,456,200   2,463,300   2,296,800   2,634,900   1,899,500 Sales  1,443,000   2,469,800   2,293,200   2,644,800   1,921,400 Average realized price per ounce  $  412.32  $  366.60$^{f}$  $  311.97  $  269.24  $  276.06 Silver (recoverable ounces)  Production   3,270,700   4,112,700   4,121,100   3,771,500   3,542,400 Sales  3,257,800   4,126,700   4,116,100   3,782,600   3,542,300 Average realized price per ounce  $  6.10  $  5.15  $  4.66  $  4.80  $  4.98 ATLANTIC COPPER OPERATING DATA Concentrate and scrap treated (metric tons)  768,100  964,400   1,016,700  891,100  916,300 Anodes Production (000s of pounds)  494,400  640,000  657,000  617,300  639,100 Production (metric tons)  224,300  290,300  298,000  280,000  289,900 Sales (000s of pounds)  36,700  97,000  101,200  87,500  80,600 Sales (metric tons)  16,600  44,000  45,900  39,700  36,600 Cathodes  Production (000s of pounds)  454,700  544,700  552,200  518,700  567,900 Production (metric tons)  206,200  247,100  250,500  235,300  257,600 Sales (including wire rod and wire)  (000s of pounds)  479,200  546,800  556,500  549,800  562,300 (metric tons)  217,400  248,000  252,400  249,400  255,100 Gold sales in anodes and slimes (ounces)  316,700  929,700  813,900  831,300  605,700 Cathode cash production cost per pound before hedging g  $  0.25  $  0.16  $  0.12  $  0.14  $  0.11 Selected Financial and Operating Data