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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Metals inventory adjustments $ 83 $ 59
Cash flow from operating activities:    
Net income (loss) (425) 2
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, depletion and amortization 699 699
Metals inventory adjustments   59
Gain (Loss) on Disposition of Assets (11) 25
Stock-based compensation 43 40
Net charges for environmental and asset retirement obligations, including accretion 112 109
Payments for environmental and asset retirement obligations (119) (100)
Net charges for defined pension and postretirement plans 45 53
Pension plan contributions (29) (33)
Net loss on early extinguishment of debt 41 6
Deferred income taxes (28) 20
Other, net (46) 40
Changes in working capital and other:    
Accounts receivable 83 256
Inventories 168 254
Other current assets (4) (26)
Accounts payable and accrued liabilities (73) 9
Accrued income taxes and timing of other tax payments (33) (245)
Net cash provided by operating activities 453 1,088
Cash flow from investing activities:    
Capital expenditures (1,137) (1,251)
Proceeds from Sale of Other Assets, Investing Activities 116 94
Other, net (5) (10)
Net cash used in investing activities (1,026) (1,167)
Cash flow from financing activities:    
Proceeds from debt 1,585 328
Repayments of debt (1,527) (1,563)
Cash dividends and distributions paid:    
Common stock (73) (146)
Noncontrolling interests 0 (79)
Contributions from noncontrolling interests 74 100
Stock-based awards net payments (4) (6)
Payments of Financing Costs (31) (4)
Net cash provided by (used in) financing activities 24 (1,370)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (549) (1,449)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 2,278 4,455
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 1,729 3,006
North America Copper Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (332) (417)
South America Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (125) (108)
Grasberg Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (634) (658)
Molybdenum    
Cash flow from investing activities:    
Capital expenditures (11) (6)
Other Segments [Member]    
Cash flow from investing activities:    
Capital expenditures (35) (62)
Surface Water Taxes, Papua, Indonesia [Member]    
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Charges for Cerro Verde royalty dispute 0 28
Cerro Verde Royalty Dispute    
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Charges for Cerro Verde royalty dispute 15 28
Payments for Cerro Verde royalty dispute $ (90) $ (86)