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Consolidated Statements of Cash Flows (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 5,254 $ 22,652 $ 17,453
Adjustments to reconcile net income to cash from operations:      
Depreciation, depletion and amortization 4,396 4,122 3,260
Dividends received 460 1,038 1,161
Equity in results of affiliates, joint ventures and other investments (640) (1,135) (987)
Deferred income taxes (799) (265) (1,291)
Reversal of deferred tax liability (Note 5a.) (1,236)    
Deferred taxes on assets Impairment (1,327)    
Asset and investment impairment charge 5,664    
Loss on disposal of property, plant and equipment 216 223 623
Loss (gain) on sale of assets held for sale 491 (1,513)  
Discontinued operations, net of tax     143
Unrealized foreign exchange and indexation 1,012 2,879 (787)
Unrealized derivative losses (gains), net 613 490 594
Unrealized interest (income) expense, net (24) 194 187
Stockholders' debentures 109 246 449
Others (310) (183) 58
Decrease (increase) in assets:      
Accounts receivable 1,900 (821) (3,800)
Inventories (296) (1,343) (425)
Recoverable taxes 177 (563) 42
Others 530 (315) 307
Increase (decrease) in liabilities:      
Suppliers (168) 1,076 928
Payroll and related charges 185 285 214
Income taxes (143) (2,478) 1,311
Others 531 (93) (257)
Net cash provided by operating activities 16,595 24,496 19,183
Cash flows from investing activities:      
Short term investments (246) 1,793 1,954
Related parties      
Loan proceeds     (28)
Others 292 (178) (30)
Judicial deposits (116) (186) (94)
Investments (474) (504) (87)
Additions to property, plant and equipment (15,777) (16,075) (12,647)
Proceeds from disposal of investments 974 1,081  
Acquisition (sale) of subsidiaries     (6,252)
Net cash used in investing activities (15,347) (14,069) (17,184)
Short-term debt      
Additions 593 859 2,233
Repayments (526) (955) (2,132)
Related parties      
Proceeds   19 24
Repayments   (1) (25)
Third parties      
Proceeds 8,740 1,564 4,436
Repayments (1,186) (2,621) (2,629)
Treasury stock   (3,002) (1,510)
Transactions with noncontrolling interest (411) (1,134) 660
Dividends and interest attributed to Company's stockholders (6,000) (9,000) (3,000)
Dividends and interest attributed to noncontrolling interest (45) (100) (140)
Net cash provided by (used in) financing activities 1,165 (14,371) (2,083)
Increase (decrease) in cash and cash equivalents 2,413 (3,944) (84)
Effect of exchange rate changes on cash and cash equivalents (112) (109) 375
Cash and cash equivalents, beginning of year 3,531 7,584 7,293
Cash and cash equivalents, end of year 5,832 3,531 7,584
Cash paid during the year for:      
Interest on short-term debt (8) (3) (5)
Interest on long-term debt (1,308) (1,143) (1,097)
Income tax (1,238) (7,293) (1,972)
Non-cash transactions      
Income tax paid with credits (1,129) (681) 301
Interest capitalized $ 335 $ 234 $ 164
Conversion of mandatorily convertible notes, treasury stock 56,081,560