Freeport-McMoRan 2011 Annual Report Download - page 61

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2011 ANNUAL REPORT | 59
Indonesia Mining Product Revenues and Production Costs (continued)
By-Product
Co-Product Method
Year Ended December 31, 2010 Method Copper Gold Silver Total
(In millions)
Revenues, excluding adjustments $ 4,475 $ 4,475 $ 2,243 $ 90
a
$ 6,808
Site production and delivery, before net noncash
and other costs shown below 1,856 1,220 612 24 1,856
Gold and silver credits (2,334) — — — —
Treatment charges 270 178 89 3 270
Royalty on metals 156 102 51 3 156
Net cash (credits) costs (52) 1,500 752 30 2,282
Depreciation and amortization 257 169 85 3 257
Noncash and other costs, net 48 31 16 1 48
Total costs 253 1,700 853 34 2,587
Revenue adjustments, primarily for pricing on
prior period open sales (6) (6) 1 — (5)
Gross profit $ 4,216 $ 2,769 $ 1,391 $ 56 $ 4,216
Reconciliation to Amounts Reported
Depreciation,
Production Depletion and
Revenues and Delivery Amortization
Totals presented above $ 6,808 $ 1,856 $ 257
Treatment charges (270) N/A N/A
Royalty on metals (156) N/A N/A
Net noncash and other costs N/A 48 N/A
Revenue adjustments, primarily for pricing on
prior period open sales (5) N/A N/A
Indonesia mining 6,377 1,904 257
North America copper mines 4,173 2,052 273
South America mining 4,991 1,678 250
Africa mining 1,106 488 128
Molybdenum 1,205 784 51
Rod & Refining 4,470 4,442 8
Atlantic Copper Smelting & Refining 2,491 2,470 38
Corporate, other & eliminations (5,831) (5,483) 31
As reported in FCX’s consolidated financial statements $ 18,982 $ 8,335 $ 1,036
a. Includes silver sales of 4.1 million ounces ($21.99 per ounce average realized price).
MANAGEMENT’S DISCUSSION AND ANALYSIS