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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Cash flow from operating activities:      
Net income (loss) $ 2,894 $ 2,095 $ (4,025)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 1,754 1,714 2,610
Tax Cuts and Jobs Act of 2017, provisional income tax expense (benefit) (123) (393) 0
Litigation Settlement, Expense 371 355 0
Payments for Legal Settlements (56) (53) (30)
Impairment of Oil and Gas Properties 0 0 4,317
Oil and gas noncash drillship settlement costs and other adjustments 0 (33) 803
Net gain on sales of assets (208) (81) (649)
Stock-based compensation 76 71 86
Net charges for environmental and asset retirement obligations, including accretion 262 383 191
Payments for environmental and asset retirement obligations 239 131 242
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash 81 120 113
Payment for Pension and Other Postretirement Benefits (75) (174) (57)
Net gain on early extinguishment and exchanges of debt (7) (21) (26)
Deferred income taxes (404) 76 239
Loss on disposal of discontinued operations (15) 57 (198)
Decrease in long-term mill and leach stockpiles 94 224 10
Other Operating Activities, Cash Flow Statement 16 (2) 112
Changes in working capital and other tax payments, excluding disposition amounts:      
Accounts receivable 649 427 (175)
Inventories (631) (393) 117
Other current assets (28) (28) 37
Accounts payable and accrued liabilities (106) 110 (28)
Accrued income taxes and timing of other tax payments (472) 457 136
Net cash provided by operating activities 3,863 4,666 3,737
Cash flow from investing activities:      
Capital expenditures (1,971) (1,410) (2,813)
Acquisition of PT Rio Tinto Indonesia (3,500) 0 0
Proceeds from sales of:      
Other assets 93 72 423
Other, net (97) 17 11
Net cash (used in) provided by investing activities (5,018) (1,321) 3,553
Cash flow from financing activities:      
Proceeds from debt 632 955 3,681
Repayments of debt (2,717) (3,812) (7,625)
Proceeds from sale of PT Freeport Indonesia shares 3,500 0 0
Net proceeds from sale of common stock 0 0 1,515
Cash dividends and distributions paid:      
Common stock (218) (2) (6)
Noncontrolling interests, including redemption (278) (174) (693)
Other, net (19) (22) (38)
Net cash provided by (used in) financing activities 900 (3,055) (3,166)
Net (decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents     4,124
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (255) 290 4,124
Increase in cash and cash equivalents in assets held for sale 0 0 (45)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 4,455 4,710 4,420
PT Indonesia Papua Metal dan Mineral      
Proceeds from sales of:      
Proceeds from sales 457 0 0
Tenke Fungurume mine      
Proceeds from sales of:      
Proceeds from sales 0 0 2,664
Deepwater Gulf of Mexico and onshore California oil and gas properties      
Proceeds from sales of:      
Proceeds from sales 0 0 2,272
Morenci      
Proceeds from sales of:      
Proceeds from sales 0 0 996
North America copper mines      
Cash flow from investing activities:      
Capital expenditures (601) (167) (102)
South America      
Cash flow from investing activities:      
Capital expenditures (237) (115) (382)
Indonesia      
Cash flow from investing activities:      
Capital expenditures (1,001) (875) (1,025)
Molybdenum mines      
Cash flow from investing activities:      
Capital expenditures (9) (5) (2)
Other, including oil and gas operations      
Cash flow from investing activities:      
Capital expenditures $ (123) $ (248) $ (1,302)