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GUARANTOR FINANCIAL STATEMENTS (Condensed Consolidated Cash Flow Statement) (Details) - USD ($)
$ in Millions
3 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
[1],[2]
Mar. 31, 2014
Dec. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flow from operating activities:                        
Net (loss) income $ (4,094) $ (3,790) $ (1,799) $ (2,406) $ (2,735) [1],[2] $ 704 [1],[2] $ 660 $ 626   $ (12,089) $ (745) [1],[2] $ 3,441
Adjustments to reconcile net (loss) income to net cash provided by operating activities:                        
Depreciation, depletion and amortization                   3,497 3,863 2,797
Impairment of oil and gas properties 3,700 3,700 2,700 3,100 3,400 $ 308     $ 0 13,144 3,737 0
Impairment of oil and gas properties and goodwill                     5,454  
Copper and molybdenum inventory adjustments 184 $ 91 $ 59 4           338 6 3
Other asset impairments, inventory write-downs, restructuring and other                   256    
Net (gains) losses on crude oil and natural gas derivative contracts                   (87) (504) 334
Gain on investment in MMR                   0 0 (128)
Equity in (earnings) losses of consolidated subsidiaries                   3 (3) 0
Other, net                   (2,215) (1,802) 72
Increase (decrease) in working capital and changes in other tax payment, excluding amounts from the acquisitions                   373 (632) (377)
Net cash provided by operating activities                   3,220 5,631 6,139
Cash flow from investing activities:                        
Capital expenditures                   (6,353) (7,215) (5,286)
Acquisitions, net of cash acquired                     (1,426) (5,441)
Intercompany loans                   0 0 0
Dividends from (investments in) consolidated subsidiaries                   (2) 0 0
Net proceeds from sale of Candelaria and Ojos del Salado                   0 1,709 0
Net proceeds from sale of Eagle Ford shale assets                   0 2,910 0
Dividends from (investments in) consolidated subsidiaries                   (109) (221) 181
Net cash used in investing activities                   (6,246) (3,801) (10,908)
Cash flow from financing activities:                        
Proceeds from debt                   8,272 8,710 11,501
Repayments of debt and redemption of MMR preferred stock                   (6,677) (10,306) 5,704
Intercompany loans                   0 0 0
Net proceeds from sale of common stock                   1,936 0 0
Cash dividends and distributions paid, and contributions received                   (725) (1,729) (2,537)
Other, net                   (20) (26) (211)
Net cash provided by (used in) financing activities                   2,786 (3,351) 3,049
Net decrease in cash and cash equivalents                   (240) (1,521) (1,720)
Cash and cash equivalents at beginning of year       464       1,985   464 1,985 3,705
Cash and cash equivalents at end of year 224       464       1,985 224 464 1,985
FCX Issuer [Member]                        
Cash flow from operating activities:                        
Net (loss) income                   (12,236) (1,308) 2,658
Adjustments to reconcile net (loss) income to net cash provided by operating activities:                        
Depreciation, depletion and amortization                   5 4 4
Impairment of oil and gas properties                   0    
Impairment of oil and gas properties and goodwill                     0  
Copper and molybdenum inventory adjustments                   0    
Other asset impairments, inventory write-downs, restructuring and other                   0    
Net (gains) losses on crude oil and natural gas derivative contracts                   0 0 0
Gain on investment in MMR                       (128)
Equity in (earnings) losses of consolidated subsidiaries                   8,685 1,007 (2,886)
Other, net                   (2,127) (882) 8
Increase (decrease) in working capital and changes in other tax payment, excluding amounts from the acquisitions                   5,506 723 272
Net cash provided by operating activities                   (167) (456) (72)
Cash flow from investing activities:                        
Capital expenditures                   (7) 0 0
Acquisitions, net of cash acquired                     0 (5,437)
Intercompany loans                   (1,812) (1,328) 834
Dividends from (investments in) consolidated subsidiaries                   852 1,221 629
Net proceeds from sale of Candelaria and Ojos del Salado                     0  
Net proceeds from sale of Eagle Ford shale assets                     0  
Dividends from (investments in) consolidated subsidiaries                   21 0 (15)
Net cash used in investing activities                   (988) (107) (3,959)
Cash flow from financing activities:                        
Proceeds from debt                   4,503 7,464 11,260
Repayments of debt and redemption of MMR preferred stock                   (4,660) (5,575) 4,737
Intercompany loans                   0 0 0
Net proceeds from sale of common stock                   1,936    
Cash dividends and distributions paid, and contributions received                   (605) (1,305) (2,281)
Other, net                   (19) (21) (211)
Net cash provided by (used in) financing activities                   1,155 563 4,031
Net decrease in cash and cash equivalents                   0 0 0
Cash and cash equivalents at beginning of year       0       0   0 0 0
Cash and cash equivalents at end of year 0       0       0 0 0 0
FM O&G LLC Guarantor [Member]                        
Cash flow from operating activities:                        
Net (loss) income                   (12,802) (4,348) 281
Adjustments to reconcile net (loss) income to net cash provided by operating activities:                        
Depreciation, depletion and amortization                   370 806 616
Impairment of oil and gas properties                   4,220    
Impairment of oil and gas properties and goodwill                     1,922  
Copper and molybdenum inventory adjustments                   0    
Other asset impairments, inventory write-downs, restructuring and other                   11    
Net (gains) losses on crude oil and natural gas derivative contracts                   (87) (504) 334
Gain on investment in MMR                       0
Equity in (earnings) losses of consolidated subsidiaries                   9,976 3,429 (281)
Other, net                   2 (113) (14)
Increase (decrease) in working capital and changes in other tax payment, excluding amounts from the acquisitions                   (1,428) (1,750) 735
Net cash provided by operating activities                   262 (558) 1,671
Cash flow from investing activities:                        
Capital expenditures                   (847) (2,143) (894)
Acquisitions, net of cash acquired                     0 0
Intercompany loans                   (1,310) 704 0
Dividends from (investments in) consolidated subsidiaries                   (71) (130) 0
Net proceeds from sale of Candelaria and Ojos del Salado                     0  
Net proceeds from sale of Eagle Ford shale assets                     2,910  
Dividends from (investments in) consolidated subsidiaries                   2 (41) (30)
Net cash used in investing activities                   (2,230) 1,382 (864)
Cash flow from financing activities:                        
Proceeds from debt                   0 0 0
Repayments of debt and redemption of MMR preferred stock                   0 (3,994) 416
Intercompany loans                   2,038 810 (391)
Net proceeds from sale of common stock                   0    
Cash dividends and distributions paid, and contributions received                   0 2,364 0
Other, net                   (71) (3) 0
Net cash provided by (used in) financing activities                   1,967 (823) (807)
Net decrease in cash and cash equivalents                   (1) 1 0
Cash and cash equivalents at beginning of year       1       0   1 0 0
Cash and cash equivalents at end of year 0       1       0 0 1 0
Non-Guarantor Subsidiaries [Member]                        
Cash flow from operating activities:                        
Net (loss) income                   (18,562) (4,147) 3,934
Adjustments to reconcile net (loss) income to net cash provided by operating activities:                        
Depreciation, depletion and amortization                   3,195 3,077 2,177
Impairment of oil and gas properties                   8,862    
Impairment of oil and gas properties and goodwill                     3,486  
Copper and molybdenum inventory adjustments                   338    
Other asset impairments, inventory write-downs, restructuring and other                   245    
Net (gains) losses on crude oil and natural gas derivative contracts                   0 0 0
Gain on investment in MMR                       0
Equity in (earnings) losses of consolidated subsidiaries                   12,838 4,633 (265)
Other, net                   (90) (807) 78
Increase (decrease) in working capital and changes in other tax payment, excluding amounts from the acquisitions                   (3,714) 395 (1,384)
Net cash provided by operating activities                   3,112 6,637 4,540
Cash flow from investing activities:                        
Capital expenditures                   (5,486) (5,072) (4,392)
Acquisitions, net of cash acquired                     (1,426) (4)
Intercompany loans                   0 0 (162)
Dividends from (investments in) consolidated subsidiaries                   130 (2,408) 0
Net proceeds from sale of Candelaria and Ojos del Salado                     1,709  
Net proceeds from sale of Eagle Ford shale assets                     0  
Dividends from (investments in) consolidated subsidiaries                   (111) (180) 226
Net cash used in investing activities                   (5,245) (7,017) (4,784)
Cash flow from financing activities:                        
Proceeds from debt                   3,769 1,246 241
Repayments of debt and redemption of MMR preferred stock                   (2,017) (737) 551
Intercompany loans                   1,084 (186) (281)
Net proceeds from sale of common stock                   0    
Cash dividends and distributions paid, and contributions received                   (924) (1,463) (885)
Other, net                   (18) (2) 0
Net cash provided by (used in) financing activities                   1,894 (1,142) (1,476)
Net decrease in cash and cash equivalents                   (239) (1,522) (1,720)
Cash and cash equivalents at beginning of year       463       1,985   463 1,985 3,705
Cash and cash equivalents at end of year 224       463       1,985 224 463 1,985
Eliminations [Member]                        
Cash flow from operating activities:                        
Net (loss) income                   31,511 9,058 (3,432)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:                        
Depreciation, depletion and amortization                   (73) (24) 0
Impairment of oil and gas properties                   62    
Impairment of oil and gas properties and goodwill                     46  
Copper and molybdenum inventory adjustments                   0    
Other asset impairments, inventory write-downs, restructuring and other                   0    
Net (gains) losses on crude oil and natural gas derivative contracts                   0 0 0
Gain on investment in MMR                       0
Equity in (earnings) losses of consolidated subsidiaries                   (31,496) (9,072) 3,432
Other, net                   0 0 0
Increase (decrease) in working capital and changes in other tax payment, excluding amounts from the acquisitions                   9 0 0
Net cash provided by operating activities                   13 8 0
Cash flow from investing activities:                        
Capital expenditures                   (13) 0 0
Acquisitions, net of cash acquired                     0 0
Intercompany loans                   3,122 624 (672)
Dividends from (investments in) consolidated subsidiaries                   (913) 1,317 (629)
Net proceeds from sale of Candelaria and Ojos del Salado                     0  
Net proceeds from sale of Eagle Ford shale assets                     0  
Dividends from (investments in) consolidated subsidiaries                   (21) 0 0
Net cash used in investing activities                   2,217 1,941 (1,301)
Cash flow from financing activities:                        
Proceeds from debt                   0 0 0
Repayments of debt and redemption of MMR preferred stock                   0 0 0
Intercompany loans                   (3,122) (624) 672
Net proceeds from sale of common stock                   0    
Cash dividends and distributions paid, and contributions received                   804 (1,325) 629
Other, net                   88 0 0
Net cash provided by (used in) financing activities                   (2,230) (1,949) 1,301
Net decrease in cash and cash equivalents                   0 0 0
Cash and cash equivalents at beginning of year       $ 0       $ 0   0 0 0
Cash and cash equivalents at end of year $ 0       $ 0       $ 0 $ 0 $ 0 $ 0
[1] Includes net gains (losses) on early extinguishment of debt totaling $4 million in the second quarter, $17 million ($0.02 per share) in the third quarter, $(18) million ($(0.02) per share) in the fourth quarter and $3 million for the year. Refer to Note 8 for further discussion.
[2] Includes tax charges of $57 million ($0.06 per share) in the second quarter, $5 million in the third quarter, $22 million ($0.02 per share) in the fourth quarter and $84 million ($0.08 per share) for the year associated with deferred taxes recorded in connection with the allocation of goodwill to the sale of the Eagle Ford shale assets. Additionally, includes net tax charges (benefit) of $54 million ($7 million attributable to noncontrolling interests and $47 million to net income attributable to common stockholders or $0.04 per share) in the third quarter, $(17) million ($11 million attributable to noncontrolling interests and $(28) million to net loss attributable to common stockholders or $(0.03) per share) in the fourth quarter and $37 million ($18 million attributable to noncontrolling interests and $19 million to net loss attributable to common stockholders or $0.02 per share) for the year associated with changes in Chilean tax rules, U.S. federal income tax law and Peruvian tax rules, partially offset by a tax benefit related to changes in U.S. state income tax filing positions.