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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flow from operating activities:    
Net income $ 1,852 $ 641
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 893 839
Net gain on sales of assets (56) (33)
Share-based Compensation 60 44
Payments for Cerro Verde royalty dispute (21) (21)
Net charges for environmental and asset retirement obligations, including accretion 152 87
Payments for environmental and asset retirement obligations (110) (59)
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash 38 70
Payment for Pension and Other Postretirement Benefits (44) (56)
Net (gain) loss on early extinguishment of debt (8) 3
Deferred income taxes 61 55
Loss (gain) on disposal of discontinued operations 15 (38)
Decrease (increase) in long term mill and leach stockpiles 38 80
OilandGasContractTerminationandOtherAdjustments 0 (33)
Oil and gas contract settlement payments 0 (70)
Other, net 21 (23)
Changes in working capital and other tax payments:    
Accounts receivable 309 589
Inventories (468) (101)
Other current assets (20) (2)
Accounts payable and accrued liabilities 114 (267)
Accrued income taxes and timing of other tax payments (148) 124
Net cash provided by operating activities 2,678 1,829
Cash flow from investing activities:    
Capital expenditures (884) (706)
Intangible water rights and other, net (86) 3
Net cash used in investing activities (970) (703)
Cash flow from financing activities:    
Proceeds from debt 352 606
Repayments of debt (2,297) (1,250)
Cash dividends paid:    
Common stock (73) (2)
Noncontrolling interests (241) (39)
Stock-based awards net proceeds (payments) 5 (8)
Debt financing costs and other, net (23) (11)
Net cash used in financing activities (2,277) (704)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (569) 422
Decrease in cash and cash equivalents in assets held for sale 44 7
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 4,106 4,832
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 3,859  
North America Copper Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (232) (67)
South America Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (138) (45)
Grasberg Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (449) (457)
Molybdenum [Member]    
Cash flow from investing activities:    
Capital expenditures (2) (2)
Other Segments [Member]    
Cash flow from investing activities:    
Capital expenditures $ (63) $ (135)