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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flow from operating activities:    
Net income (loss) $ 641 $ (4,511)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 839 1,374
Impairment of oil and gas properties 0 4,078
Gain (Loss) on Contract Termination 33 (694)
Net gain on sales of assets (33) (749)
Stock-based compensation 44 42
Net charges for environmental and asset retirement obligations, including accretion 87 107
Payments for environmental and asset retirement obligations 59 116
Net loss (gain) on exchanges and early extinguishment of debt (3) 36
Deferred income taxes 55 169
Gain on disposal of discontinued operations 38 (177)
Decrease (increase) in long term mill and leach stockpiles 80 (99)
Oil and gas contract settlement payments 70 0
Other, net (9) 18
Changes in working capital and other tax payments, excluding amounts from dispositions:    
Accounts receivable 589 259
Inventories (101) 190
Other current assets (2) (53)
Accounts payable and accrued liabilities (267) 44
Accrued income taxes and changes in other tax payments 103 26
Net cash provided by operating activities 1,829 1,614
Cash flow from investing activities:    
Capital expenditures 706 1,815
Proceeds from Divestiture of Businesses and Interests in Affiliates 0 996
Proceeds from Sale of Other Assets, Investing Activities 4 290
Other, net (8) (6)
Net cash used in investing activities (710) (535)
Cash flow from financing activities:    
Proceeds from debt 606 2,811
Repayments of debt (1,250) (3,649)
Net proceeds from sale of common stock 0 32
Cash dividends paid:    
Common stock (2) (5)
Noncontrolling interests 39 39
Stock-based awards net payments (8) (5)
Debt financing costs and other, net (11) (18)
Net cash used in financing activities (704) (873)
Net increase in cash and cash equivalents 415 206
Decrease (increase) in cash and cash equivalents in assets held for sale 7 (53)
Cash and cash equivalents at beginning of year 4,245 177
Cash and cash equivalents at end of period 4,667 330
North America Copper Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures 67 76
South America Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures 45 293
Grasberg Segment [Member]    
Cash flow from investing activities:    
Capital expenditures 457 453
Molybdenum [Member]    
Cash flow from investing activities:    
Capital expenditures 2 1
Other Segments [Member]    
Cash flow from investing activities:    
Capital expenditures $ 135 $ 992