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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flow from operating activities:    
Net income $ 3,502 $ 4,007
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,504 1,430
Metals inventory adjustments 43 15
Net gain on sales of assets (2) (63)
Stock-based compensation 75 79
Net charges for environmental and asset retirement obligations, including accretion 180 131
Payments for environmental and asset retirement obligations (197) (184)
Net charges for defined pension and postretirement plans 28 3
Pension plan contributions (52) (75)
Net gain on early extinguishment of debt (28) 0
Deferred income taxes 83 96
Other, net (86) 50
Changes in working capital and other:    
Accounts receivable 456 (218)
Inventories (184) (310)
Other current assets (71) (77)
Accounts payable and accrued liabilities 84 123
Accrued income taxes and timing of other tax payments (1,265) 849
Net cash provided by operating activities 4,070 5,435
Cash flow from investing activities:    
Capital expenditures (2,422) (1,344)
Proceeds from sales of assets 102 21
Loans to PT Smelting for expansion (51) 0
Acquisition of minority interest in PT Smelting 0 (33)
Other, net (10) (25)
Net cash used in investing activities (2,381) (1,231)
Cash flow from financing activities:    
Proceeds from debt 5,366 633
Repayments of debt (4,073) (672)
Cash dividends and distributions paid:    
Common stock (652) (220)
Noncontrolling interests (625) (187)
Treasury stock purchases (1,347) 0
Contributions from noncontrolling interests 142 135
Proceeds from exercised stock options 106 189
Payments for withholding of employee taxes related to stock-based awards 55 19
Debt financing costs and other, net (41) (47)
Net cash used in financing activities (1,179) (188)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 510 4,016
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 8,314 3,903
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 8,824 7,919
Freeport Cobalt    
Cash flow from investing activities:    
Proceeds from sale of Freeport Cobalt 0 150
North America Copper Mines Segment    
Cash flow from investing activities:    
Capital expenditures (430) (211)
South America Mines Segment    
Cash flow from investing activities:    
Capital expenditures (203) (94)
Grasberg Segment    
Cash flow from investing activities:    
Capital expenditures (1,148) (904)
Indonesia Smelter    
Cash flow from investing activities:    
Capital expenditures (517) (79)
Molybdenum    
Cash flow from investing activities:    
Capital expenditures (16) (4)
Other Segments    
Cash flow from investing activities:    
Capital expenditures (108) (52)
Cerro Verde Royalty Dispute    
Adjustments to reconcile net income to net cash provided by operating activities:    
Payments for Cerro Verde royalty dispute $ 0 $ (421)