Condensed Consolidating Financial Statements (Details) (USD $) In Millions
|
3 Months Ended |
6 Months Ended |
12 Months Ended |
Jun. 30, 2011
|
Jun. 30, 2010
|
Jun. 30, 2011
|
Jun. 30, 2010
|
Dec. 31, 2010
|
Condensed Consolidating Statement of Income |
|
|
|
|
|
Sales |
$ 2,384 |
$ 2,153 |
$ 4,849 |
$ 4,395 |
|
Costs and expenses |
|
|
|
|
|
Costs applicable to sales |
917 |
848 |
1,857 |
1,717 |
|
Amortization |
250 |
231 |
506 |
455 |
|
Reclamation and remediation |
43 |
13 |
57 |
26 |
|
Exploration |
89 |
53 |
151 |
96 |
|
Advanced projects, research and development |
86 |
57 |
154 |
103 |
|
General and administrative |
50 |
43 |
95 |
88 |
|
Other expense, net |
87 |
61 |
160 |
150 |
|
Total costs and expenses |
1,522 |
1,306 |
2,980 |
2,635 |
|
Other income (expense) |
|
|
|
|
|
Other income, net |
48 |
44 |
79 |
92 |
|
Interest income-intercompany |
0 |
0 |
0 |
0 |
|
Interest expense-intercompany |
0 |
0 |
0 |
0 |
|
Interest expense, net |
(63) |
(69) |
(128) |
(144) |
|
Total other income (expense) |
(15) |
(25) |
(49) |
(52) |
|
Income before income and mining tax and other items |
847 |
822 |
1,820 |
1,708 |
|
Income and mining tax expense |
(187) |
(283) |
(492) |
(424) |
|
Equity income (loss) of affiliates |
0 |
(2) |
2 |
(4) |
|
Income from continuing operations |
660 |
537 |
1,330 |
1,280 |
|
Loss from discontinued operations |
(136) |
0 |
(136) |
0 |
28 |
Net income |
524 |
537 |
1,194 |
1,280 |
|
Net income attributable to noncontrolling interests |
(137) |
(155) |
(293) |
(352) |
|
Net income attributable to Newmont stockholders |
387 |
382 |
901 |
928 |
|
Operating activities: |
|
|
|
|
|
Net income |
524 |
537 |
1,194 |
1,280 |
|
Adjustments |
|
|
749 |
452 |
|
Net change in operating assets and liabilities |
|
|
(540) |
(251) |
|
Net cash provided from continuing operations |
|
|
1,403 |
1,481 |
|
Net cash used in discontinued operations |
|
|
(2) |
(13) |
|
Net cash provided from operations |
|
|
1,401 |
1,468 |
|
Investing activities: |
|
|
|
|
|
Additions to property, plant and mine development |
|
|
(1,020) |
(628) |
|
Proceeds from sale of marketable securities |
|
|
55 |
1 |
|
Purchases of marketable securities |
|
|
(15) |
(7) |
|
Acquisitions, net |
|
|
(2,291) |
0 |
|
Proceeds from sale of other assets |
|
|
6 |
52 |
|
Other |
|
|
(15) |
(23) |
|
Net cash used in investing activities |
|
|
(3,280) |
(605) |
|
Financing activities: |
|
|
|
|
|
Net (borrowings) repayments |
|
|
(198) |
(263) |
|
Net intercompany borrowings (repayments) |
|
|
0 |
0 |
|
Sale of noncontrolling interests |
|
|
0 |
229 |
|
Acquisition of noncontrolling interests |
|
|
0 |
(109) |
|
Dividends paid to common stockholders |
|
|
(173) |
(98) |
|
Dividends paid to noncontrolling interests |
|
|
(17) |
(307) |
|
Proceeds from stock issuance, net |
|
|
8 |
30 |
|
Change in restricted cash and other |
|
|
0 |
48 |
|
Net cash used in financing activities |
|
|
(380) |
(470) |
|
Effect of exchange rate changes on cash |
|
|
58 |
(6) |
|
Net change in cash and cash equivalents |
|
|
(2,201) |
387 |
|
Cash and cash equivalents at beginning of period |
|
|
4,056 |
3,215 |
3,215 |
Cash and cash equivalents at end of period |
1,855 |
3,602 |
1,855 |
3,602 |
4,056 |
Assets |
|
|
|
|
|
Cash and cash equivalents |
1,855 |
3,602 |
1,855 |
3,602 |
4,056 |
Trade receivables |
418 |
|
418 |
|
582 |
Accounts receivable |
135 |
|
135 |
|
88 |
Investments |
203 |
|
203 |
|
113 |
Inventories |
671 |
|
671 |
|
658 |
Stockpiles and ore on leach pads |
696 |
|
696 |
|
617 |
Deferred income tax assets |
308 |
|
308 |
|
177 |
Other current assets |
1,613 |
|
1,613 |
|
962 |
Current assets |
5,899 |
|
5,899 |
|
7,253 |
Property, plant and mine development, net |
16,663 |
|
16,663 |
|
12,907 |
Investments |
1,675 |
|
1,675 |
|
1,568 |
Investments in subsidiaries |
0 |
|
0 |
|
0 |
Stockpiles and ore on leach pads |
1,950 |
|
1,950 |
|
1,757 |
Deferred income tax assets |
1,505 |
|
1,505 |
|
1,437 |
Other long-term assets |
946 |
|
946 |
|
741 |
Total assets |
28,638 |
|
28,638 |
|
25,663 |
Liabilities |
|
|
|
|
|
Debt |
539 |
|
539 |
|
259 |
Accounts payable |
490 |
|
490 |
|
427 |
Employee-related benefits |
229 |
|
229 |
|
288 |
Income and mining taxes |
184 |
|
184 |
|
355 |
Other current liabilities |
1,998 |
|
1,998 |
|
1,418 |
Current liabilities |
3,440 |
|
3,440 |
|
2,747 |
Debt |
3,771 |
|
3,771 |
|
4,182 |
Reclamation and remediation liabilities |
1,032 |
|
1,032 |
|
984 |
Deferred income tax liabilities |
2,735 |
|
2,735 |
|
1,488 |
Employee-related benefits |
353 |
|
353 |
|
325 |
Other long-term liabilities |
314 |
|
314 |
|
221 |
Total liabilities |
11,645 |
|
11,645 |
|
9,947 |
Equity |
|
|
|
|
|
Common stock |
780 |
|
780 |
|
778 |
Additional paid-in capital |
8,330 |
|
8,330 |
|
8,279 |
Accumulated other comprehensive income |
1,310 |
|
1,310 |
|
1,108 |
Retained earnings |
3,908 |
|
3,908 |
|
3,180 |
Newmont stockholders' equity |
14,328 |
|
14,328 |
|
13,345 |
Noncontrolling interests |
2,665 |
|
2,665 |
|
2,371 |
Total equity |
16,993 |
13,555 |
16,993 |
13,555 |
15,716 |
Total liabilities and equity |
28,638 |
|
28,638 |
|
25,663 |
Newmont Mining Corporation [Member]
|
|
|
|
|
|
Condensed Consolidating Statement of Income |
|
|
|
|
|
Sales |
0 |
0 |
0 |
0 |
|
Costs and expenses |
|
|
|
|
|
Costs applicable to sales |
0 |
0 |
0 |
0 |
|
Amortization |
0 |
0 |
0 |
0 |
|
Reclamation and remediation |
0 |
0 |
0 |
0 |
|
Exploration |
0 |
0 |
0 |
0 |
|
Advanced projects, research and development |
0 |
0 |
0 |
0 |
|
General and administrative |
0 |
0 |
0 |
0 |
|
Other expense, net |
0 |
0 |
0 |
0 |
|
Total costs and expenses |
0 |
0 |
0 |
0 |
|
Other income (expense) |
|
|
|
|
|
Other income, net |
(2) |
0 |
(8) |
0 |
|
Interest income-intercompany |
40 |
35 |
76 |
71 |
|
Interest expense-intercompany |
(3) |
(3) |
(6) |
(5) |
|
Interest expense, net |
(59) |
(64) |
(113) |
(126) |
|
Total other income (expense) |
(24) |
(32) |
(51) |
(60) |
|
Income before income and mining tax and other items |
(24) |
(32) |
(51) |
(60) |
|
Income and mining tax expense |
5 |
9 |
15 |
150 |
|
Equity income (loss) of affiliates |
406 |
405 |
937 |
838 |
|
Income from continuing operations |
387 |
|
901 |
|
|
Loss from discontinued operations |
0 |
|
0 |
|
|
Net income |
387 |
382 |
901 |
928 |
|
Net income attributable to noncontrolling interests |
0 |
0 |
0 |
0 |
|
Net income attributable to Newmont stockholders |
387 |
382 |
901 |
928 |
|
Operating activities: |
|
|
|
|
|
Net income |
387 |
382 |
901 |
928 |
|
Adjustments |
|
|
39 |
(115) |
|
Net change in operating assets and liabilities |
|
|
(27) |
(2) |
|
Net cash provided from continuing operations |
|
|
913 |
811 |
|
Net cash used in discontinued operations |
|
|
0 |
0 |
|
Net cash provided from operations |
|
|
913 |
811 |
|
Investing activities: |
|
|
|
|
|
Additions to property, plant and mine development |
|
|
0 |
0 |
|
Proceeds from sale of marketable securities |
|
|
0 |
0 |
|
Purchases of marketable securities |
|
|
0 |
0 |
|
Acquisitions, net |
|
|
0 |
|
|
Proceeds from sale of other assets |
|
|
0 |
0 |
|
Other |
|
|
0 |
0 |
|
Net cash used in investing activities |
|
|
0 |
0 |
|
Financing activities: |
|
|
|
|
|
Net (borrowings) repayments |
|
|
83 |
0 |
|
Net intercompany borrowings (repayments) |
|
|
(831) |
(751) |
|
Sale of noncontrolling interests |
|
|
0 |
0 |
|
Acquisition of noncontrolling interests |
|
|
|
0 |
|
Dividends paid to common stockholders |
|
|
(173) |
(98) |
|
Dividends paid to noncontrolling interests |
|
|
0 |
0 |
|
Proceeds from stock issuance, net |
|
|
8 |
30 |
|
Change in restricted cash and other |
|
|
0 |
0 |
|
Net cash used in financing activities |
|
|
(913) |
(819) |
|
Effect of exchange rate changes on cash |
|
|
0 |
0 |
|
Net change in cash and cash equivalents |
|
|
0 |
(8) |
|
Cash and cash equivalents at beginning of period |
|
|
0 |
8 |
8 |
Cash and cash equivalents at end of period |
0 |
0 |
0 |
0 |
|
Assets |
|
|
|
|
|
Cash and cash equivalents |
0 |
0 |
0 |
0 |
|
Trade receivables |
0 |
|
0 |
|
0 |
Accounts receivable |
1,608 |
|
1,608 |
|
2,222 |
Investments |
141 |
|
141 |
|
0 |
Inventories |
0 |
|
0 |
|
0 |
Stockpiles and ore on leach pads |
0 |
|
0 |
|
0 |
Deferred income tax assets |
3 |
|
3 |
|
0 |
Other current assets |
6 |
|
6 |
|
0 |
Current assets |
1,758 |
|
1,758 |
|
2,222 |
Property, plant and mine development, net |
0 |
|
0 |
|
0 |
Investments |
0 |
|
0 |
|
0 |
Investments in subsidiaries |
16,569 |
|
16,569 |
|
12,295 |
Stockpiles and ore on leach pads |
0 |
|
0 |
|
0 |
Deferred income tax assets |
661 |
|
661 |
|
638 |
Other long-term assets |
2,617 |
|
2,617 |
|
2,675 |
Total assets |
21,605 |
|
21,605 |
|
17,830 |
Liabilities |
|
|
|
|
|
Debt |
501 |
|
501 |
|
0 |
Accounts payable |
3,008 |
|
3,008 |
|
355 |
Employee-related benefits |
0 |
|
0 |
|
0 |
Income and mining taxes |
0 |
|
0 |
|
19 |
Other current liabilities |
66 |
|
66 |
|
56 |
Current liabilities |
3,575 |
|
3,575 |
|
430 |
Debt |
3,614 |
|
3,614 |
|
3,991 |
Reclamation and remediation liabilities |
0 |
|
0 |
|
0 |
Deferred income tax liabilities |
6 |
|
6 |
|
0 |
Employee-related benefits |
5 |
|
5 |
|
5 |
Other long-term liabilities |
389 |
|
389 |
|
375 |
Total liabilities |
7,589 |
|
7,589 |
|
4,801 |
Equity |
|
|
|
|
|
Preferred stock |
0 |
|
0 |
|
0 |
Common stock |
780 |
|
780 |
|
778 |
Additional paid-in capital |
8,018 |
|
8,018 |
|
7,963 |
Accumulated other comprehensive income |
1,310 |
|
1,310 |
|
1,108 |
Retained earnings |
3,908 |
|
3,908 |
|
3,180 |
Newmont stockholders' equity |
14,016 |
|
14,016 |
|
13,029 |
Noncontrolling interests |
0 |
|
0 |
|
0 |
Total equity |
14,016 |
|
14,016 |
|
13,029 |
Total liabilities and equity |
21,605 |
|
21,605 |
|
17,830 |
Newmont USA [Member]
|
|
|
|
|
|
Condensed Consolidating Statement of Income |
|
|
|
|
|
Sales |
1,468 |
1,410 |
2,986 |
3,002 |
|
Costs and expenses |
|
|
|
|
|
Costs applicable to sales |
551 |
519 |
1,117 |
1,064 |
|
Amortization |
156 |
143 |
315 |
286 |
|
Reclamation and remediation |
37 |
10 |
48 |
19 |
|
Exploration |
47 |
32 |
81 |
56 |
|
Advanced projects, research and development |
41 |
25 |
68 |
54 |
|
General and administrative |
39 |
37 |
73 |
75 |
|
Other expense, net |
67 |
39 |
121 |
115 |
|
Total costs and expenses |
938 |
805 |
1,823 |
1,669 |
|
Other income (expense) |
|
|
|
|
|
Other income, net |
41 |
13 |
67 |
14 |
|
Interest income-intercompany |
2 |
2 |
4 |
4 |
|
Interest expense-intercompany |
0 |
0 |
0 |
0 |
|
Interest expense, net |
(3) |
(4) |
(12) |
(16) |
|
Total other income (expense) |
40 |
11 |
59 |
2 |
|
Income before income and mining tax and other items |
570 |
616 |
1,222 |
1,335 |
|
Income and mining tax expense |
(111) |
(227) |
(319) |
(466) |
|
Equity income (loss) of affiliates |
2 |
1 |
3 |
1 |
|
Income from continuing operations |
461 |
|
906 |
|
|
Loss from discontinued operations |
7 |
|
7 |
|
|
Net income |
468 |
390 |
913 |
870 |
|
Net income attributable to noncontrolling interests |
(173) |
(185) |
(365) |
(428) |
|
Net income attributable to Newmont stockholders |
295 |
205 |
548 |
442 |
|
Operating activities: |
|
|
|
|
|
Net income |
468 |
390 |
913 |
870 |
|
Adjustments |
|
|
362 |
319 |
|
Net change in operating assets and liabilities |
|
|
(509) |
(160) |
|
Net cash provided from continuing operations |
|
|
766 |
1,029 |
|
Net cash used in discontinued operations |
|
|
0 |
(13) |
|
Net cash provided from operations |
|
|
766 |
1,016 |
|
Investing activities: |
|
|
|
|
|
Additions to property, plant and mine development |
|
|
(671) |
(283) |
|
Proceeds from sale of marketable securities |
|
|
55 |
0 |
|
Purchases of marketable securities |
|
|
0 |
0 |
|
Acquisitions, net |
|
|
0 |
|
|
Proceeds from sale of other assets |
|
|
(56) |
8 |
|
Other |
|
|
0 |
0 |
|
Net cash used in investing activities |
|
|
(672) |
(275) |
|
Financing activities: |
|
|
|
|
|
Net (borrowings) repayments |
|
|
(276) |
(257) |
|
Net intercompany borrowings (repayments) |
|
|
(2,018) |
(23) |
|
Sale of noncontrolling interests |
|
|
0 |
229 |
|
Acquisition of noncontrolling interests |
|
|
|
0 |
|
Dividends paid to common stockholders |
|
|
0 |
0 |
|
Dividends paid to noncontrolling interests |
|
|
(17) |
(388) |
|
Proceeds from stock issuance, net |
|
|
0 |
0 |
|
Change in restricted cash and other |
|
|
1 |
48 |
|
Net cash used in financing activities |
|
|
(2,310) |
(391) |
|
Effect of exchange rate changes on cash |
|
|
1 |
0 |
|
Net change in cash and cash equivalents |
|
|
(2,215) |
350 |
|
Cash and cash equivalents at beginning of period |
|
|
3,877 |
3,067 |
3,067 |
Cash and cash equivalents at end of period |
1,662 |
3,417 |
1,662 |
3,417 |
|
Assets |
|
|
|
|
|
Cash and cash equivalents |
1,662 |
3,417 |
1,662 |
3,417 |
|
Trade receivables |
355 |
|
355 |
|
501 |
Accounts receivable |
2,497 |
|
2,497 |
|
802 |
Investments |
16 |
|
16 |
|
72 |
Inventories |
363 |
|
363 |
|
388 |
Stockpiles and ore on leach pads |
591 |
|
591 |
|
513 |
Deferred income tax assets |
254 |
|
254 |
|
170 |
Other current assets |
144 |
|
144 |
|
77 |
Current assets |
5,882 |
|
5,882 |
|
6,400 |
Property, plant and mine development, net |
5,687 |
|
5,687 |
|
5,364 |
Investments |
22 |
|
22 |
|
25 |
Investments in subsidiaries |
33 |
|
33 |
|
35 |
Stockpiles and ore on leach pads |
1,413 |
|
1,413 |
|
1,347 |
Deferred income tax assets |
685 |
|
685 |
|
690 |
Other long-term assets |
653 |
|
653 |
|
496 |
Total assets |
14,375 |
|
14,375 |
|
14,357 |
Liabilities |
|
|
|
|
|
Debt |
28 |
|
28 |
|
249 |
Accounts payable |
920 |
|
920 |
|
1,269 |
Employee-related benefits |
159 |
|
159 |
|
222 |
Income and mining taxes |
15 |
|
15 |
|
261 |
Other current liabilities |
388 |
|
388 |
|
373 |
Current liabilities |
1,510 |
|
1,510 |
|
2,374 |
Debt |
107 |
|
107 |
|
135 |
Reclamation and remediation liabilities |
719 |
|
719 |
|
676 |
Deferred income tax liabilities |
554 |
|
554 |
|
513 |
Employee-related benefits |
255 |
|
255 |
|
244 |
Other long-term liabilities |
47 |
|
47 |
|
56 |
Total liabilities |
3,192 |
|
3,192 |
|
3,998 |
Equity |
|
|
|
|
|
Preferred stock |
0 |
|
0 |
|
0 |
Common stock |
0 |
|
0 |
|
0 |
Additional paid-in capital |
2,721 |
|
2,721 |
|
2,722 |
Accumulated other comprehensive income |
(107) |
|
(107) |
|
(75) |
Retained earnings |
5,394 |
|
5,394 |
|
4,850 |
Newmont stockholders' equity |
8,008 |
|
8,008 |
|
7,497 |
Noncontrolling interests |
3,175 |
|
3,175 |
|
2,862 |
Total equity |
11,183 |
|
11,183 |
|
10,359 |
Total liabilities and equity |
14,375 |
|
14,375 |
|
14,357 |
Other Subsidiaries [Member]
|
|
|
|
|
|
Condensed Consolidating Statement of Income |
|
|
|
|
|
Sales |
916 |
743 |
1,863 |
1,393 |
|
Costs and expenses |
|
|
|
|
|
Costs applicable to sales |
375 |
335 |
759 |
664 |
|
Amortization |
94 |
89 |
191 |
170 |
|
Reclamation and remediation |
6 |
3 |
9 |
7 |
|
Exploration |
42 |
21 |
70 |
40 |
|
Advanced projects, research and development |
46 |
32 |
87 |
49 |
|
General and administrative |
1 |
0 |
2 |
1 |
|
Other expense, net |
20 |
21 |
39 |
35 |
|
Total costs and expenses |
584 |
501 |
1,157 |
966 |
|
Other income (expense) |
|
|
|
|
|
Other income, net |
9 |
31 |
20 |
78 |
|
Interest income-intercompany |
2 |
1 |
4 |
2 |
|
Interest expense-intercompany |
(41) |
(35) |
(78) |
(72) |
|
Interest expense, net |
(1) |
(1) |
(3) |
(2) |
|
Total other income (expense) |
(31) |
(4) |
(57) |
6 |
|
Income before income and mining tax and other items |
301 |
238 |
649 |
433 |
|
Income and mining tax expense |
(81) |
(65) |
(188) |
(108) |
|
Equity income (loss) of affiliates |
50 |
63 |
139 |
130 |
|
Income from continuing operations |
270 |
|
600 |
|
|
Loss from discontinued operations |
(143) |
|
(143) |
|
|
Net income |
127 |
236 |
457 |
455 |
|
Net income attributable to noncontrolling interests |
30 |
(10) |
10 |
(5) |
|
Net income attributable to Newmont stockholders |
157 |
226 |
467 |
450 |
|
Operating activities: |
|
|
|
|
|
Net income |
127 |
236 |
457 |
455 |
|
Adjustments |
|
|
(729) |
(725) |
|
Net change in operating assets and liabilities |
|
|
(4) |
(89) |
|
Net cash provided from continuing operations |
|
|
(276) |
(359) |
|
Net cash used in discontinued operations |
|
|
(2) |
0 |
|
Net cash provided from operations |
|
|
(278) |
(359) |
|
Investing activities: |
|
|
|
|
|
Additions to property, plant and mine development |
|
|
(349) |
(345) |
|
Proceeds from sale of marketable securities |
|
|
0 |
1 |
|
Purchases of marketable securities |
|
|
(15) |
(7) |
|
Acquisitions, net |
|
|
(2,291) |
|
|
Proceeds from sale of other assets |
|
|
62 |
44 |
|
Other |
|
|
(15) |
(23) |
|
Net cash used in investing activities |
|
|
(2,608) |
(330) |
|
Financing activities: |
|
|
|
|
|
Net (borrowings) repayments |
|
|
(5) |
(6) |
|
Net intercompany borrowings (repayments) |
|
|
2,849 |
855 |
|
Sale of noncontrolling interests |
|
|
0 |
0 |
|
Acquisition of noncontrolling interests |
|
|
|
(109) |
|
Dividends paid to common stockholders |
|
|
0 |
0 |
|
Dividends paid to noncontrolling interests |
|
|
0 |
0 |
|
Proceeds from stock issuance, net |
|
|
0 |
0 |
|
Change in restricted cash and other |
|
|
(1) |
0 |
|
Net cash used in financing activities |
|
|
2,843 |
740 |
|
Effect of exchange rate changes on cash |
|
|
57 |
(6) |
|
Net change in cash and cash equivalents |
|
|
14 |
45 |
|
Cash and cash equivalents at beginning of period |
|
|
179 |
140 |
140 |
Cash and cash equivalents at end of period |
193 |
185 |
193 |
185 |
|
Assets |
|
|
|
|
|
Cash and cash equivalents |
193 |
185 |
193 |
185 |
|
Trade receivables |
63 |
|
63 |
|
81 |
Accounts receivable |
1,356 |
|
1,356 |
|
265 |
Investments |
46 |
|
46 |
|
41 |
Inventories |
308 |
|
308 |
|
270 |
Stockpiles and ore on leach pads |
105 |
|
105 |
|
104 |
Deferred income tax assets |
51 |
|
51 |
|
7 |
Other current assets |
1,463 |
|
1,463 |
|
885 |
Current assets |
3,585 |
|
3,585 |
|
1,832 |
Property, plant and mine development, net |
10,997 |
|
10,997 |
|
7,562 |
Investments |
1,653 |
|
1,653 |
|
1,543 |
Investments in subsidiaries |
2,692 |
|
2,692 |
|
1,909 |
Stockpiles and ore on leach pads |
537 |
|
537 |
|
410 |
Deferred income tax assets |
159 |
|
159 |
|
109 |
Other long-term assets |
829 |
|
829 |
|
584 |
Total assets |
20,452 |
|
20,452 |
|
13,949 |
Liabilities |
|
|
|
|
|
Debt |
10 |
|
10 |
|
10 |
Accounts payable |
1,877 |
|
1,877 |
|
1,996 |
Employee-related benefits |
70 |
|
70 |
|
66 |
Income and mining taxes |
169 |
|
169 |
|
75 |
Other current liabilities |
3,517 |
|
3,517 |
|
2,959 |
Current liabilities |
5,643 |
|
5,643 |
|
5,106 |
Debt |
50 |
|
50 |
|
56 |
Reclamation and remediation liabilities |
313 |
|
313 |
|
308 |
Deferred income tax liabilities |
2,175 |
|
2,175 |
|
975 |
Employee-related benefits |
93 |
|
93 |
|
76 |
Other long-term liabilities |
3,053 |
|
3,053 |
|
2,824 |
Total liabilities |
11,327 |
|
11,327 |
|
9,345 |
Equity |
|
|
|
|
|
Preferred stock |
61 |
|
61 |
|
61 |
Common stock |
0 |
|
0 |
|
0 |
Additional paid-in capital |
6,991 |
|
6,991 |
|
3,894 |
Accumulated other comprehensive income |
1,545 |
|
1,545 |
|
1,180 |
Retained earnings |
(637) |
|
(637) |
|
(1,109) |
Newmont stockholders' equity |
7,960 |
|
7,960 |
|
4,026 |
Noncontrolling interests |
1,165 |
|
1,165 |
|
578 |
Total equity |
9,125 |
|
9,125 |
|
4,604 |
Total liabilities and equity |
20,452 |
|
20,452 |
|
13,949 |
Eliminations [Member]
|
|
|
|
|
|
Condensed Consolidating Statement of Income |
|
|
|
|
|
Sales |
0 |
0 |
0 |
0 |
|
Costs and expenses |
|
|
|
|
|
Costs applicable to sales |
(9) |
(6) |
(19) |
(11) |
|
Amortization |
0 |
(1) |
0 |
(1) |
|
Reclamation and remediation |
0 |
0 |
0 |
0 |
|
Exploration |
0 |
0 |
0 |
0 |
|
Advanced projects, research and development |
(1) |
0 |
(1) |
0 |
|
General and administrative |
10 |
6 |
20 |
12 |
|
Other expense, net |
0 |
1 |
0 |
0 |
|
Total costs and expenses |
0 |
0 |
0 |
0 |
|
Other income (expense) |
|
|
|
|
|
Other income, net |
0 |
0 |
0 |
0 |
|
Interest income-intercompany |
(44) |
(38) |
(84) |
(77) |
|
Interest expense-intercompany |
44 |
38 |
84 |
77 |
|
Interest expense, net |
0 |
0 |
0 |
0 |
|
Total other income (expense) |
0 |
0 |
0 |
0 |
|
Income before income and mining tax and other items |
0 |
0 |
0 |
0 |
|
Income and mining tax expense |
0 |
0 |
0 |
0 |
|
Equity income (loss) of affiliates |
(458) |
(471) |
(1,077) |
(973) |
|
Income from continuing operations |
(458) |
|
(1,077) |
|
|
Loss from discontinued operations |
0 |
|
0 |
|
|
Net income |
(458) |
(471) |
(1,077) |
(973) |
|
Net income attributable to noncontrolling interests |
6 |
40 |
62 |
81 |
|
Net income attributable to Newmont stockholders |
(452) |
(431) |
(1,015) |
(892) |
|
Operating activities: |
|
|
|
|
|
Net income |
(458) |
(471) |
(1,077) |
(973) |
|
Adjustments |
|
|
1,077 |
973 |
|
Net change in operating assets and liabilities |
|
|
0 |
0 |
|
Net cash provided from continuing operations |
|
|
0 |
0 |
|
Net cash used in discontinued operations |
|
|
0 |
0 |
|
Net cash provided from operations |
|
|
0 |
0 |
|
Investing activities: |
|
|
|
|
|
Additions to property, plant and mine development |
|
|
0 |
0 |
|
Proceeds from sale of marketable securities |
|
|
0 |
0 |
|
Purchases of marketable securities |
|
|
0 |
0 |
|
Acquisitions, net |
|
|
0 |
|
|
Proceeds from sale of other assets |
|
|
0 |
0 |
|
Other |
|
|
0 |
0 |
|
Net cash used in investing activities |
|
|
0 |
0 |
|
Financing activities: |
|
|
|
|
|
Net (borrowings) repayments |
|
|
0 |
0 |
|
Net intercompany borrowings (repayments) |
|
|
0 |
(81) |
|
Sale of noncontrolling interests |
|
|
0 |
0 |
|
Acquisition of noncontrolling interests |
|
|
|
0 |
|
Dividends paid to common stockholders |
|
|
0 |
0 |
|
Dividends paid to noncontrolling interests |
|
|
0 |
81 |
|
Proceeds from stock issuance, net |
|
|
0 |
0 |
|
Change in restricted cash and other |
|
|
0 |
0 |
|
Net cash used in financing activities |
|
|
0 |
0 |
|
Effect of exchange rate changes on cash |
|
|
0 |
0 |
|
Net change in cash and cash equivalents |
|
|
0 |
0 |
|
Cash and cash equivalents at beginning of period |
|
|
0 |
0 |
0 |
Cash and cash equivalents at end of period |
0 |
0 |
0 |
0 |
|
Assets |
|
|
|
|
|
Cash and cash equivalents |
0 |
0 |
0 |
0 |
|
Trade receivables |
0 |
|
0 |
|
0 |
Accounts receivable |
(5,326) |
|
(5,326) |
|
(3,201) |
Investments |
0 |
|
0 |
|
0 |
Inventories |
0 |
|
0 |
|
0 |
Stockpiles and ore on leach pads |
0 |
|
0 |
|
0 |
Deferred income tax assets |
0 |
|
0 |
|
0 |
Other current assets |
0 |
|
0 |
|
0 |
Current assets |
(5,326) |
|
(5,326) |
|
(3,201) |
Property, plant and mine development, net |
(21) |
|
(21) |
|
(19) |
Investments |
0 |
|
0 |
|
0 |
Investments in subsidiaries |
(19,294) |
|
(19,294) |
|
(14,239) |
Stockpiles and ore on leach pads |
0 |
|
0 |
|
0 |
Deferred income tax assets |
0 |
|
0 |
|
0 |
Other long-term assets |
(3,153) |
|
(3,153) |
|
(3,014) |
Total assets |
(27,794) |
|
(27,794) |
|
(20,473) |
Liabilities |
|
|
|
|
|
Debt |
0 |
|
0 |
|
0 |
Accounts payable |
(5,315) |
|
(5,315) |
|
(3,193) |
Employee-related benefits |
0 |
|
0 |
|
0 |
Income and mining taxes |
0 |
|
0 |
|
0 |
Other current liabilities |
(1,973) |
|
(1,973) |
|
(1,970) |
Current liabilities |
(7,288) |
|
(7,288) |
|
(5,163) |
Debt |
0 |
|
0 |
|
0 |
Reclamation and remediation liabilities |
0 |
|
0 |
|
0 |
Deferred income tax liabilities |
0 |
|
0 |
|
0 |
Employee-related benefits |
0 |
|
0 |
|
0 |
Other long-term liabilities |
(3,175) |
|
(3,175) |
|
(3,034) |
Total liabilities |
(10,463) |
|
(10,463) |
|
(8,197) |
Equity |
|
|
|
|
|
Preferred stock |
(61) |
|
(61) |
|
(61) |
Common stock |
0 |
|
0 |
|
0 |
Additional paid-in capital |
(9,400) |
|
(9,400) |
|
(6,300) |
Accumulated other comprehensive income |
(1,438) |
|
(1,438) |
|
(1,105) |
Retained earnings |
(4,757) |
|
(4,757) |
|
(3,741) |
Newmont stockholders' equity |
(15,656) |
|
(15,656) |
|
(11,207) |
Noncontrolling interests |
(1,675) |
|
(1,675) |
|
(1,069) |
Total equity |
(17,331) |
|
(17,331) |
|
(12,276) |
Total liabilities and equity |
$ (27,794) |
|
$ (27,794) |
|
$ (20,473) |