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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flow from operating activities:    
Net income (loss) $ 886 $ (4,225)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,257 2,017
Net charges for Cerro Verde royalty dispute 359 0
Payments for Cerro Verde royalty dispute 32 20
Impairment of oil and gas properties 0 4,317
Gain (Loss) on Contract Termination 33 (705)
Net gain on sales of assets (66) (762)
Net charges for environmental and asset retirement obligations, including accretion 196 149
Payments for environmental and asset retirement obligations 85 190
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash 95 78
Payment for Pension and Other Postretirement Benefits (152) (44)
Net loss (gain) on exchanges and early extinguishment of debt 8 51
Deferred income taxes 77 (22)
Gain on disposal of discontinued operations 41 (182)
Decrease (increase) in long term mill and leach stockpiles 181 (84)
Oil and gas contract settlement payments 70 0
Other, net 59 61
Changes in working capital and other tax payments, excluding amounts from dispositions:    
Accounts receivable 420 257
Inventories (314) 251
Other current assets (17) (120)
Accounts payable and accrued liabilities (93) (80)
Accrued income taxes and changes in other tax payments 399 175
Net cash provided by operating activities 3,018 2,594
Cash flow from investing activities:    
Capital expenditures 1,020 2,309
Proceeds from Sale of Other Assets, Investing Activities 68 410
Other, net (22) 9
Net cash used in investing activities (974) (894)
Cash flow from financing activities:    
Proceeds from debt 795 3,463
Repayments of debt (1,991) (4,539)
Net proceeds from sale of common stock 0 442
Cash dividends paid:    
Common stock (2) (5)
Noncontrolling interests 67 87
Stock-based awards net payments (10) (5)
Debt financing costs and other, net (12) (17)
Net cash used in financing activities (1,287) (748)
Net increase in cash and cash equivalents 757 952
Increase in cash and cash equivalents in assets held for sale (45) (43)
Cash and cash equivalents at beginning of year 4,245 177
Cash and cash equivalents at end of period 4,957 1,086
North America Copper Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures 106 87
South America Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures 65 332
Grasberg Segment [Member]    
Cash flow from investing activities:    
Capital expenditures 663 706
Molybdenum [Member]    
Cash flow from investing activities:    
Capital expenditures 4 2
Other Segments [Member]    
Cash flow from investing activities:    
Capital expenditures 182 1,182
Morenci [Member]    
Cash flow from investing activities:    
Proceeds from Divestiture of Businesses and Interests in Affiliates $ 0 $ 996