Freeport-McMoRan 2013 Annual Report Download - page 127
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
2013 ANNUAL REPORT | 125
Mining Operations
North America Copper Mines South America Indonesia Africa
Atlantic
Copper Other U.S. Corporate,
Other Cerro Other Molybdenum Rod & Smelting Mining & Total Oil & Gas Other & FCX
Morenci Mines Total Verde Candelaria Mines Total Grasberg Tenke Mines Refining & Refining Eliminations Mining Operations Eliminations Total
Year Ended December 31, 2011
Revenues:
Unaffiliated customers $ 418 $ 176 $ 594 $ 2,115 $ 1,265 $ 1,192 $ 4,572 $ 4,504
a
$ 1,282 $ — $ 5,523 $ 2,969 $ 1,428
b
$ 20,872 $ — $ 8 $ 20,880
Intersegment 1,697 3,338 5,035 417 269 — 686 542 7 595 26 15 (6,906) — — — —
Production and delivery 984 1,581 2,565 827 644 434 1,905 1,791 591 259 5,527 2,991 (5,728) 9,901 — (3) 9,898
Depreciation, depletion
and amortization 116 162 278 135 28 95 258 215 140 45 8 40 31 1,015 — 7 1,022
Selling, general and
administrative expenses 2 2 4 4 1 2 7 124 8 — — 22 19 184 — 231 415
Mining exploration and
research expenses 7 — 7 — — — — — — — — — 264 271 — — 271
Environmental obligations
and shutdown costs 4 — 4 — — — — — — — 1 — 129 134 — — 134
Operating income (loss) 1,002 1,769 2,771 1,566 861 661 3,088 2,916 550 291 13 (69) (193) 9,367 — (227) 9,140
Interest expense, net 2 2 4 1 — — 1 8 6 — — 15 87 121 — 191 312
Provision for income taxes — — — 553 310 212 1,075 1,256 120 — — — — 2,451 — 636 3,087
Total assets at December 31, 2011 2,006 4,968 6,974 5,110 1,384 2,220 8,714 5,349 3,890 1,819 259 1,109 892 29,006 — 3,064 32,070
Capital expenditures 95 399 494 198 178 227 603 648 193 438 10 32 59 2,477 — 57 2,534
a. Included PT-FI’s sales to PT Smelting totaling $2.3 billion.
b. Included revenues from FCX’s molybdenum sales company, which included sales of molybdenum produced by the molybdenum mines and by certain of the North and South America copper mines.