Freeport-McMoRan 2013 Annual Report Download - page 84
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CONSOLIDATED BALANCE SHEETS
82 | FREEPORT-McMoRan
December 31, 2013 2012
(In millions, except par value)
ASSETS
Current assets:
Cash and cash equivalents
$ 1,985
$ 3,705
Trade accounts receivable
1,728
927
Income taxes receivable
419
436
Other accounts receivable
415
266
Inventories:
Materials and supplies, net
1,730
1,504
Mill and leach stockpiles
1,705
1,672
Product
1,583
1,400
Other current assets 407 387
Total current assets
9,972
10,297
Property, plant, equipment and mining development costs, net
24,042
20,999
Oil and gas properties, net – full cost method:
Subject to amortization, less accumulated amortization of $1,357 as of December 31, 2013
12,472
—
Not subject to amortization
10,887
—
Long-term mill and leach stockpiles
2,386
1,955
Goodwill
1,916
—
Other assets 1,798 2,189
Total assets $ 63,473 $ 35,440
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued liabilities
$ 3,700
$ 2,324
Dividends payable
333
299
Current portion of debt
312
2
Current portion of environmental and asset retirement obligations
236
241
Accrued income taxes
184
93
Current portion of deferred income taxes 8 384
Total current liabilities
4,773
3,343
Long-term debt, less current portion
20,394
3,525
Deferred income taxes
7,410
3,490
Environmental and asset retirement obligations, less current portion
3,259
2,127
Other liabilities 1,690 1,644
Total liabilities
37,526
14,129
Redeemable noncontrolling interest
716
—
Equity:
FCX stockholders’ equity:
Common stock, par value $0.10, 1,165 shares and 1,073 shares issued, respectively
117
107
Capital in excess of par value
22,161
19,119
Retained earnings
2,742
2,399
Accumulated other comprehensive loss
(405)
(506)
Common stock held in treasury – 127 shares and 124 shares, respectively, at cost (3,681) (3,576)
Total FCX stockholders’ equity
20,934
17,543
Noncontrolling interests 4,297 3,768
Total equity 25,231 21,311
Total liabilities and equity $ 63,473 $ 35,440
The accompanying Notes to Consolidated Financial Statements are an integral part of these consolidated financial statements.