Freeport-McMoRan 2012 Annual Report Download - page 65

Download and view the complete annual report

Please find page 65 of the 2012 Freeport-McMoRan annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

63
MANAGEMENT’S DISCUSSION AND ANALYSIS
Henderson Molybdenum Mine Product Revenues and Production Costs
Years Ended December 31, 2012 2011 2010
(In millions)
Revenues, excluding adjustments
$ 484
$ 628 $ 637
Site production and delivery, before net noncash
and other costs shown below
210
209 193
Treatment charges and other
30
33 43
Net cash costs
240
242 236
Depreciation, depletion and amortization
33
37 34
Noncash and other costs, net
8
2 1
Total costs
281
281 271
Gross profit
a
$ 203
$ 347 $ 366
Reconciliation to Amounts Reported
Depreciation,
Production Depletion and
Revenues and Delivery Amortization
Year Ended December 31, 2012
Totals presented above
$ 484 $ 210 $ 33
Treatment charges and other
(30) N/A N/A
Net noncash and other costs
N/A 8 N/A
Henderson mine
454 218 33
Other molybdenum operations and eliminations
b
801 815 32
Molybdenum
1,255 1,033 65
North America copper mines
5,490 3,012 362
South America mining
4,728 2,114 287
Indonesia mining
3,921 2,349 212
Africa mining
1,359 615 176
Rod & Refining
5,016 4,993 9
Atlantic Copper Smelting & Refining
2,709 2,640 42
Corporate, other & eliminations
(6,468) (6,374) 26
As reported in FCX’s consolidated financial statements
$ 18,010 $ 10,382 $ 1,179
Year Ended December 31, 2011
Totals presented above $ 628 $ 209 $ 37
Treatment charges and other (33) N/A N/A
Net noncash and other costs N/A 2 N/A
Henderson mine 595 211 37
Other molybdenum operations and eliminations
b
829 825 23
Molybdenum 1,424 1,036 60
North America copper mines 5,633 2,629 279
South America mining 5,258 1,905 258
Indonesia mining 5,046 1,791 215
Africa mining 1,289 591 140
Rod & Refining 5,549 5,527 8
Atlantic Copper Smelting & Refining 2,984 2,991 40
Corporate, other & eliminations (6,303) (6,572) 22
As reported in FCX’s consolidated financial statements $ 20,880 $ 9,898 $ 1,022