Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cash flow statement of Freeport-McMoRan :- 1. What are the individual totals of the operating activities, investing activities & financing activities-found on the statement of

image text in transcribedCash flow statement of Freeport-McMoRan :-

1. What are the individual totals of the operating activities, investing activities & financing activities-found on the statement of cash flows?

2. How much cash did the company invest in property plant and equipment?

3. How does net income compare to its net cash provided by operating activities?

4. What items were the most responsible for the difference between net income and net cash provided by operating activities?

5. Did the company pay dividend? If so how much were they?

6. What percentage of net income was the cash dividend?

NOTE : be specifi where the information located, THE INFORMATION FROM THE ANNUAL REPORT OF THE COMPANY FOR 2016

I really appreciate your help , thanks to all of you

Table of Contents FREEPORT-McMoRan INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Years Ended Deceber 31 n millons) Cash flow from operating activities: S (4,025) S (12,089) (745) Net loss Adjustments to reconcile net loss to net cash provided by operating activities: 3,863 5,454 Impairment of oil and gas properties and Non-cash oil and gas drillship settlements Metals inventory adjustments Other asset impairments, oil and gas inventory adjustments, and restructuring Net gain on sales of assets Stock-based compensation Net charges for environmental and asset retirement obligations, including accretion Payments for environmental and asset retirement obligations Net gain on exchanges and early extinguishment of debt Deferred income taxes Loss on disposal of discontinued operations Decrease (increase) in long-term mill and leach stockpiles Net loss (gain) on crude oil and natural gas derivative contracts Other, net Changes in working capital and other tax payments, excluding amounts from 13,144 689 36 256 (39) (649) 06 (176) (2,039) (929) 35 (87) (504) acquisitions and dispositions Accounts receivable 379 Other current assets Accounts Accrued income taxes and changes in other tax payments 37 (28) (394) 204 payable and accrued liabilities Net cash provided by operating activities 3,220 5.83 Cash flow from investing activities: Capital expenditures: North America copper mines South America (382) ,722) 1,785) 1,025) United States oil and gas operations 1,127) 2,948) 3,205) (267) Proceeds from sales of Tenke Fungurume mine Deepwater Gulf of Mexico and onshore California oil and gas properties Additional interest in Morenci joint venture Eagle Ford shale assets Candelaria and Ojos del Salado mines Other assets 2,272 996 2,910 1,709 (1,426) Acquisitions of Deepwater Gulf of Mexico interests Other, net Net cash provided by (used in) investing activities (6.246) Cash flow from financing activities: 3,681 (7,625) Proceeds from debt Repayments of deblt Net proceeds from sale of common stock Cash dividends and distributions paid: 8,710 (6.677) (10,306) 8,272 1,936 Common stock (605)(1.305) (424) Noncontrolling interests, including redemption Stock-based awards net (payments) proceeds, including excess tax benefit Debt financing costs and other, net Net cash (used in) provided by financing activities 2.786 Net increase (decrease) in cash and cash equivalents (Increase) decrease in cash and cash equivalents in assets held for sale Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year The accompanying Notes to Consolidated Financial Statements are an integral part of these consolidated financial statements. (45

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Add in the indicated base. A734 12 + 128B 12

Answered: 1 week ago

Question

9. Why do many firms strive to maintain stable prices? LO26.5

Answered: 1 week ago

Question

Bonds If an amount box does not require an entry, leave it blank

Answered: 1 week ago