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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flow from operating activities:    
Net income $ 2,516 $ 886
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,351 1,257
Net gain on sales of assets (126) (66)
Stock-based Compensation 70 58
Net charges for Cerro Verde royalty dispute 0 359
Payments for Cerro Verde royalty dispute (32) (32)
Net charges for environmental and asset retirement obligations, including accretion 206 196
Payments for environmental and asset retirement obligations (179) (85)
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash 59 95
Payment for Pension and Other Postretirement Benefits (60) (152)
Net (gain) loss on early extinguishment of debt (8) (8)
Deferred income taxes 202 77
Loss (gain) on disposal of discontinued operations 19 (41)
Increase (decrease) in long term mill and leach stockpiles (54) (181)
Non-cash drillship settlements/idle rig costs and other oil and gas adjustments 0 (33)
Oil and gas contract settlement payments 0 (70)
Other, net 7 1
Changes in working capital and other tax payments:    
Accounts receivable 321 420
Inventories (326) (314)
Other current assets (16) (17)
Accounts payable and accrued liabilities (2) (93)
Accrued income taxes and timing of other tax payments (131) 393
Net cash provided by operating activities 3,925 3,012
Cash flow from investing activities:    
Capital expenditures (1,391) (1,020)
Proceeds from Sale of Other Assets, Investing Activities 10 68
Intangible water rights and other, net (91) (2)
Net cash used in investing activities (1,472) (954)
Cash flow from financing activities:    
Proceeds from debt 475 795
Repayments of debt (2,410) (1,991)
Cash dividends paid:    
Common stock (145) (2)
Noncontrolling interests (241) (67)
Stock-based awards net proceeds (payments) 4 (10)
Debt financing costs and other, net (23) (12)
Net cash used in financing activities (2,340) (1,287)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 113 771
Decrease (increase) in cash and cash equivalents in assets held for sale 55 (45)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 4,631 4,403
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 4,799 5,129
North America Copper Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (413) (106)
South America Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (188) (65)
Grasberg Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (695) (663)
Molybdenum [Member]    
Cash flow from investing activities:    
Capital expenditures (6) (4)
Other Segments [Member]    
Cash flow from investing activities:    
Capital expenditures $ (89) $ (182)