XML 83 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flow from operating activities:    
Net income $ 1,434 $ 1,895
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 859 558
Gain on investment in McMoRan Exploration Co. (MMR) (128) 0
Stock-based compensation 65 54
Pension plans contributions (42) (75)
Net charges for reclamation and environmental obligations, including accretion 73 112
Payments for reclamation and environmental obligations (91) (98)
Losses on early extinguishment of debt 45 168
Deferred income taxes 43 288
Increase in long-term mill and leach stockpiles (236) (162)
Other, net 38 17
(Increases) decreases in working capital and other tax payments, excluding amounts from the acquisitions    
Accounts receivable 350 (182)
Inventories (160) (160)
Other current assets 58 (11)
Accounts payable and accrued liabilities (371) (117)
Accrued income taxes and other tax payments (72) (304)
Net cash provided by operating activities 1,865 1,983
Capital expenditures:    
North America copper mines (543) (296)
South America (470) (392)
Indonesia (511) (387)
Africa (103) (297)
Molybdenum mines (82) (148)
Oil & gas operations (190) 0
Other (79) (27)
Acquisition of Plains Exploration & Production Company, net of cash acquired (3,465) 0
Acquisition of MMR, net of cash acquired (1,628) 0
Acquisition of cobalt chemical business, net of cash acquired (321) 0
Restricted cash and other, net (264) (4)
Net cash used in investing activities (7,656) (1,551)
Cash flow from financing activities:    
Proceeds from debt 11,021 3,016
Repayments of debt (4,541) (3,171)
Redemption of MMR preferred stock (202) 0
Cash dividends and distributions paid:    
Common stock (595) (535)
Noncontrolling interests (90) (38)
Debt financing costs (111) (22)
Net payments for stock-based awards (103) (3)
Excess tax benefit from stock-based awards 1 7
Net cash provided by (used in) financing activities 5,380 (746)
Net decrease in cash and cash equivalents (411) (314)
Cash and cash equivalents at beginning of year 3,705 4,822
Cash and cash equivalents at end of period $ 3,294 $ 4,508