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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flow from operating activities:    
Net income $ 793 $ 1,162
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 466 595
Net charges for environmental and asset retirement obligations, including accretion 49 224
Payments for environmental and asset retirement obligations (50) (42)
Stock-based compensation 54 53
Net charges for defined pension and postretirement plans 14 8
Pension plan contributions (3) (18)
Deferred income taxes 26 46
Charges for social investment programs at PT Freeport Indonesia 15 28
Payments for social investment programs at PT Freeport Indonesia (13) (24)
Other, net 4 (39)
Changes in working capital and other:    
Accounts receivable (215) (582)
Inventories (143) 66
Other current assets 24 0
Accounts payable and accrued liabilities 2 (160)
Accrued income taxes and timing of other tax payments 35 579
Net cash provided by operating activities 1,058 1,896
Cash flow from investing activities:    
Capital expenditures (1,172) (1,254)
Loans to PT Smelting for expansion 0 (28)
Other, net (4) 5
Net cash used in investing activities (1,176) (1,277)
Cash flow from financing activities:    
Proceeds from debt 1,088 613
Repayments of debt (636) (612)
Finance lease payments (3) 0
Cash dividends and distributions paid:    
Common stock (218) (218)
Noncontrolling interests 0 (102)
Treasury stock purchases (55) 0
Proceeds from exercised stock options 1 4
Payments for withholding of employee taxes related to stock-based awards (22) (27)
Net cash provided by (used in) financing activities 155 (342)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 37 277
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 4,911 6,063
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 4,948 6,340
North America Copper Mines Segment    
Cash flow from investing activities:    
Capital expenditures (255) (237)
South America Mines Segment    
Cash flow from investing activities:    
Capital expenditures (85) (82)
Indonesia Segment    
Cash flow from investing activities:    
Capital expenditures (704) (842)
Molybdenum    
Cash flow from investing activities:    
Capital expenditures (19) (27)
Other Operating Segment    
Cash flow from investing activities:    
Capital expenditures $ (109) $ (66)