Freeport-McMoRan 2011 Annual Report Download - page 72
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CONSOLIDATED BALANCE SHEETS
70 | FREEPORT-McMoRan COPPER & GOLD INC.
December 31, 2011 2010
(In Millions, Except Par Value)
ASSETS
Current assets:
Cash and cash equivalents $ 4,822 $ 3,738
Trade accounts receivable 892 2,132
Other accounts receivable
250 293
Inventories:
Materials and supplies, net 1,354 1,169
Product
1,226 1,316
Mill and leach stockpiles 1,289 949
Other current assets 214 254
Total current assets 10,047 9,851
Property, plant, equipment and development costs, net 18,449 16,785
Long-term mill and leach stockpiles 1,686 1,425
Long-term receivables
675 200
Intangible assets, net
325 328
Other assets 888 797
Total assets $ 32,070 $ 29,386
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued liabilities $ 2,252 $ 2,441
Dividends payable
240 240
Current portion of reclamation and environmental obligations 236 207
Accrued income taxes
163 648
Rio Tinto’s share of joint venture cash flows 45 132
Current portion of debt 4 95
Total current liabilities 2,940 3,763
Long-term debt, less current portion 3,533 4,660
Deferred income taxes
3,255 2,873
Reclamation and environmental obligations, less current portion 2,138 2,071
Other liabilities 1,651 1,459
Total liabilities 13,517 14,826
Equity:
FCX stockholders’ equity:
Common stock, par value $0.10, 1,071 shares and 1,067 shares issued, respectively 107 107
Capital in excess of par value 19,007 18,751
Retained earnings (accumulated deficit) 546 (2,590)
Accumulated other comprehensive loss (465) (323)
Common stock held in treasury – 123 shares and 122 shares, respectively, at cost (3,553) (3,441)
Total FCX stockholders’ equity 15,642 12,504
Noncontrolling interests 2,911 2,056
Total equity
18,553 14,560
Total liabilities and equity $ 32,070 $ 29,386
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.