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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flow from operating activities:      
Net income (loss) $ 2,095 $ (4,025) $ (12,089)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 1,714 2,610 3,497
Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Provisional Income Tax Expense (Benefit) (393) 0 0
Litigation Settlement, Expense 355 0 0
Payments for Legal Settlements (53) (30) (34)
Impairment of Oil and Gas Properties 0 4,317 13,144
Oil and gas noncash drillship settlement costs and other adjustments (33) 803 137
Oil and gas contract settlement payments (70) 0 0
Metals inventory adjustments 8 36 338
Mining asset impairments and restructuring 40 20 119
Net gain on sales of assets (81) (649) (39)
Stock-based compensation 71 86 85
Net charges for environmental and asset retirement obligations, including accretion 383 191 209
Payments for environmental and asset retirement obligations 131 242 198
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash 120 113 105
Payment for Pension and Other Postretirement Benefits (174) (57) (140)
Net gain on early extinguishment and exchanges of debt (21) (26) 0
Deferred income taxes 76 239 (2,039)
Loss on disposal of discontinued operations 57 (198) 0
Decrease (increase) in long-term mill and leach stockpiles 224 10 (212)
Other Operating Activities, Cash Flow Statement 20 48 (70)
Changes in working capital and other tax payments, excluding disposition amounts:      
Accounts receivable 427 (175) 813
Inventories (393) 117 379
Other current assets (28) 37 97
Accounts payable and accrued liabilities 110 (28) (217)
Accrued income taxes and timing of other tax payments 473 136 (665)
Net cash provided by operating activities 4,682 3,729 3,220
Cash flow from investing activities:      
Capital expenditures (1,410) (2,813) (6,353)
Proceeds from sales of:      
Other assets 72 423 160
Other, net (25) 8 (53)
Net cash (used in) provided by investing activities (1,363) 3,550 (6,246)
Cash flow from financing activities:      
Proceeds from debt 955 3,681 8,272
Repayments of debt (3,812) (7,625) (6,677)
Net proceeds from sale of common stock 0 1,515 1,936
Cash dividends and distributions paid:      
Common stock (2) (6) (605)
Noncontrolling interests, including redemption (174) (693) (120)
Stock-based awards net payments (10) (6) (4)
Debt financing costs and other, net (12) (32) (16)
Net cash (used in) provided by financing activities (3,055) (3,166) 2,786
Net increase (decrease) in cash and cash equivalents 264 4,113 (240)
(Increase) decrease in cash and cash equivalents in assets held for sale (62) (45) 119
Cash and cash equivalents at beginning of year 4,245 177 298
Cash and cash equivalents at end of year 4,447 4,245 177
Tenke Fungurume mine      
Proceeds from sales of:      
Proceeds from sales 0 2,664 0
Deepwater Gulf of Mexico and onshore California oil and gas properties      
Proceeds from sales of:      
Proceeds from sales 0 2,272 0
Morenci      
Proceeds from sales of:      
Proceeds from sales 0   0
North America copper mines      
Cash flow from investing activities:      
Capital expenditures (167) (102) (355)
South America      
Cash flow from investing activities:      
Capital expenditures (115) (382) (1,722)
Indonesia      
Cash flow from investing activities:      
Capital expenditures (875) (1,025) (901)
Molybdenum mines      
Cash flow from investing activities:      
Capital expenditures (5) (2) (13)
Other, including oil and gas operations      
Cash flow from investing activities:      
Capital expenditures $ (248) $ (1,302) $ (3,362)