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GUARANTOR FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2016
Guarantor Financial Statements [Abstract] |
Condensed Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2016
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets, other than assets held for sale | $ | 230 |  |  | $ | 1,790 |  |  | $ | 11,331 |  |  | $ | (3,260 | ) |  | $ | 10,091 |
Current assets held for sale | — |  |  | — |  |  | 344 |  |  | — |  |  | 344 |
Property, plant, equipment and mine development costs, net | 19 |  |  | 24 |  |  | 23,176 |  |  | — |  |  | 23,219 |
Oil and gas properties, net - full cost method: |  |  |  |  |  |  |  |  |
Subject to amortization, less accumulated amortization and impairments | — |  |  | — |  |  | 74 |  |  | — |  |  | 74 |
Investments in consolidated subsidiaries | 21,110 |  |  | — |  |  | — |  |  | (21,110 | ) |  | — |
Other assets | 1,985 |  |  | 47 |  |  | 3,522 |  |  | (1,965 | ) |  | 3,589 |
Total assets | $ | 23,344 |  |  | $ | 1,861 |  |  | $ | 38,447 |  |  | $ | (26,335 | ) |  | $ | 37,317 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities, other than liabilities held for sale | $ | 3,895 |  |  | $ | 308 |  |  | $ | 3,101 |  |  | $ | (3,244 | ) |  | $ | 4,060 |
Current liabilities held for sale | — |  |  | — |  |  | 205 |  |  | — |  |  | 205 |
Long-term debt, less current portion | 12,517 |  |  | 6,062 |  |  | 11,297 |  |  | (15,081 | ) |  | 14,795 |
Deferred income taxes | 826 |  | a | — |  |  | 2,942 |  |  | — |  |  | 3,768 |
Environmental and asset retirement obligations, less current portion | — |  |  | 200 |  |  | 3,287 |  |  | — |  |  | 3,487 |
Investments in consolidated subsidiary | — |  |  | 893 |  |  | 8,995 |  |  | (9,888 | ) |  | — |
Other liabilities | 55 |  |  | 3,393 |  |  | 1,784 |  |  | (3,487 | ) |  | 1,745 |
Total liabilities | 17,293 |  |  | 10,856 |  |  | 31,611 |  |  | (31,700 | ) |  | 28,060 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders' equity | 6,051 |  |  | (8,995 | ) |  | 4,237 |  |  | 4,758 |  |  | 6,051 |
Noncontrolling interests | — |  |  | — |  |  | 2,599 |  |  | 607 |  |  | 3,206 |
Total equity | 6,051 |  |  | (8,995 | ) |  | 6,836 |  |  | 5,365 |  |  | 9,257 |
Total liabilities and equity | $ | 23,344 |  |  | $ | 1,861 |  |  | $ | 38,447 |  |  | $ | (26,335 | ) |  | $ | 37,317 |
a. | All U.S. related deferred income taxes are recorded at the parent company.
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2015
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets, other than assets held for sale | $ | 181 |  |  | $ | 3,831 |  |  | $ | 10,062 |  |  | $ | (7,532 | ) |  | $ | 6,542 |
Current assets held for sale | — |  |  | — |  |  | 920 |  |  | — |  |  | 920 |
Property, plant, equipment and mine development costs, net | 26 |  |  | 57 |  |  | 23,903 |  |  | — |  |  | 23,986 |
Oil and gas properties, net - full cost method: |  |  |  |  |  |  |  |  |
Subject to amortization, less accumulated amortization and impairments | — |  |  | 710 |  |  | 1,552 |  |  | — |  |  | 2,262 |
Not subject to amortization | — |  |  | 1,393 |  |  | 3,432 |  |  | 6 |  |  | 4,831 |
Investments in consolidated subsidiaries | 24,311 |  |  | — |  |  | — |  |  | (24,311 | ) |  | — |
Other assets | 5,038 |  |  | 1,826 |  |  | 3,584 |  |  | (6,798 | ) |  | 3,650 |
Assets held for sale | — |  |  | — |  |  | 4,386 |  |  | — |  |  | 4,386 |
Total assets | $ | 29,556 |  |  | $ | 7,817 |  |  | $ | 47,839 |  |  | $ | (38,635 | ) |  | $ | 46,577 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities, other than liabilities held for sale | $ | 6,012 |  |  | $ | 666 |  |  | $ | 5,024 |  |  | $ | (7,526 | ) |  | $ | 4,176 |
Current liabilities held for sale | — |  |  | — |  |  | 131 |  |  | — |  |  | 131 |
Long-term debt, less current portion | 14,735 |  |  | 5,883 |  |  | 11,490 |  |  | (12,433 | ) |  | 19,675 |
Deferred income taxes | 941 |  | a | — |  |  | 2,626 |  |  | — |  |  | 3,567 |
Environmental and asset retirement obligations, less current portion | — |  |  | 305 |  |  | 3,409 |  |  | — |  |  | 3,714 |
Investment in consolidated subsidiary | — |  |  | — |  |  | 2,397 |  |  | (2,397 | ) |  | — |
Other liabilities | 40 |  |  | 3,360 |  |  | 1,732 |  |  | (3,491 | ) |  | 1,641 |
Liabilities held for sale | — |  |  | — |  |  | 865 |  |  | — |  |  | 865 |
Total liabilities | 21,728 |  |  | 10,214 |  |  | 27,674 |  |  | (25,847 | ) |  | 33,769 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 764 |  |  | — |  |  | 764 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders' equity | 7,828 |  |  | (2,397 | ) |  | 15,725 |  |  | (13,328 | ) |  | 7,828 |
Noncontrolling interests | — |  |  | — |  |  | 3,676 |  |  | 540 |  |  | 4,216 |
Total equity | 7,828 |  |  | (2,397 | ) |  | 19,401 |  |  | (12,788 | ) |  | 12,044 |
Total liabilities and equity | $ | 29,556 |  |  | $ | 7,817 |  |  | $ | 47,839 |  |  | $ | (38,635 | ) |  | $ | 46,577 |
a. | All U.S. related deferred income taxes are recorded at the parent company.
Condensed Income Statement | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Year Ended December 31, 2016 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 379 |  |  | $ | 14,451 |  |  | $ | — |  |  | $ | 14,830 |
Total costs and expenses | 75 |  |  | 3,074 |  | a | 14,463 |  | a | 10 |  |  | 17,622 |
Operating loss | (75 | ) |  | (2,695 | ) |  | (12 | ) |  | (10 | ) |  | (2,792 | )
Interest expense, net | (534 | ) |  | (56 | ) |  | (498 | ) |  | 333 |  |  | (755 | )
Other income (expense), net | 271 |  |  | — |  |  | 70 |  |  | (292 | ) |  | 49 |
Net gain on exchanges and early extinguishment of debt | 26 |  |  | — |  |  | — |  |  | — |  |  | 26 |
(Loss) income before income taxes and equity in affiliated companies' net (losses) earnings | (312 | ) |  | (2,751 | ) |  | (440 | ) |  | 31 |  |  | (3,472 | )
(Provision for) benefit from income taxes | (2,233 | ) |  | 1,053 |  |  | 821 |  |  | (12 | ) |  | (371 | )
Equity in affiliated companies' net (losses) earnings | (1,609 | ) |  | (3,101 | ) |  | (4,790 | ) |  | 9,511 |  |  | 11 |
Net (loss) income from continuing operations | (4,154 | ) |  | (4,799 | ) |  | (4,409 | ) |  | 9,530 |  |  | (3,832 | )
Net loss from discontinued operations | — |  |  | — |  |  | (154 | ) |  | (39 | ) |  | (193 | )
Net (loss) income | (4,154 | ) |  | (4,799 | ) |  | (4,563 | ) |  | 9,491 |  |  | (4,025 | )
Net income, and gain on redemption and preferred dividends attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | — |  |  | (66 | ) |  | (66 | )
Discontinued operations | — |  |  | — |  |  | (63 | ) |  | — |  |  | (63 | )
Net (loss) income attributable to common stockholders | $ | (4,154 | ) |  | $ | (4,799 | ) |  | $ | (4,626 | ) |  | $ | 9,425 |  |  | $ | (4,154 | )
Other comprehensive (loss) income | (45 | ) |  | — |  |  | (45 | ) |  | 45 |  |  | (45 | )
Total comprehensive (loss) income | $ | (4,199 | ) |  | $ | (4,799 | ) |  | $ | (4,671 | ) |  | $ | 9,470 |  |  | $ | (4,199 | )
a. | Includes charges totaling $1.5 billion at the FM O&G LLC Guarantor and $2.8 billion at the non-guarantor subsidiaries related to impairment of FCX's oil and gas properties pursuant to full cost accounting rules.
Year Ended December 31, 2015 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 613 |  |  | $ | 13,994 |  |  | $ | — |  |  | $ | 14,607 |
Total costs and expenses | 60 |  |  | 5,150 |  | a | 22,920 |  | a | (11 | ) |  | 28,119 |
Operating (loss) income | (60 | ) |  | (4,537 | ) |  | (8,926 | ) |  | 11 |  |  | (13,512 | )
Interest expense, net | (489 | ) |  | (8 | ) |  | (272 | ) |  | 152 |  |  | (617 | )
Other income (expense), net | 225 |  |  | 1 |  |  | (86 | ) |  | (139 | ) |  | 1 |
(Loss) income before income taxes and equity in affiliated companies' net (losses) earnings | (324 | ) |  | (4,544 | ) |  | (9,284 | ) |  | 24 |  |  | (14,128 | )
(Provision for) benefit from income taxes | (3,227 | ) |  | 1,718 |  |  | 3,469 |  |  | (9 | ) |  | 1,951 |
Equity in affiliated companies' net (losses) earnings | (8,685 | ) |  | (9,976 | ) |  | (12,838 | ) |  | 31,496 |  |  | (3 | )
Net (loss) income from continuing operations | (12,236 | ) |  | (12,802 | ) |  | (18,653 | ) |  | 31,511 |  |  | (12,180 | )
Net income from discontinued operations | — |  |  | — |  |  | 91 |  |  | — |  |  | 91 |
Net (loss) income | (12,236 | ) |  | (12,802 | ) |  | (18,562 | ) |  | 31,511 |  |  | (12,089 | )
Net income and preferred dividends attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (35 | ) |  | (33 | ) |  | (68 | )
Discontinued operations | — |  |  | — |  |  | (79 | ) |  | — |  |  | (79 | )
Net (loss) income attributable to common stockholders | $ | (12,236 | ) |  | $ | (12,802 | ) |  | $ | (18,676 | ) |  | $ | 31,478 |  |  | $ | (12,236 | )
Other comprehensive income (loss) | 41 |  |  | — |  |  | 41 |  |  | (41 | ) |  | 41 |
Total comprehensive (loss) income | $ | (12,195 | ) |  | $ | (12,802 | ) |  | $ | (18,635 | ) |  | $ | 31,437 |  |  | $ | (12,195 | )
a. | Includes impairment charges totaling $4.2 billion at the FM O&G LLC Guarantor and $8.9 billion at the non-guarantor subsidiaries related to FCX's oil and gas properties pursuant to full cost accounting rules.
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE (LOSS) INCOME
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 2,356 |  |  | $ | 17,645 |  |  | $ | — |  |  | $ | 20,001 |
Total costs and expenses | 59 |  |  | 3,498 |  | a | 16,720 |  | a | 22 |  |  | 20,299 |
Operating (loss) income | (59 | ) |  | (1,142 | ) |  | 925 |  |  | (22 | ) |  | (298 | )
Interest expense, net | (382 | ) |  | (139 | ) |  | (165 | ) |  | 80 |  |  | (606 | )
Net (loss) gain on early extinguishment of debt | (5 | ) |  | 78 |  |  | — |  |  | — |  |  | 73 |
Other income (expense), net | 72 |  |  | 3 |  |  | 36 |  |  | (80 | ) |  | 31 |
(Loss) income before income taxes and equity in affiliated companies' net earnings (losses) | (374 | ) |  | (1,200 | ) |  | 796 |  |  | (22 | ) |  | (800 | )
Benefit from (provision for) income taxes | 96 |  |  | 281 |  |  | (610 | ) |  | 8 |  |  | (225 | )
Equity in affiliated companies' net (losses) earnings | (1,007 | ) |  | (3,429 | ) |  | (4,633 | ) |  | 9,072 |  |  | 3 |
Net (loss) income from continuing operations | (1,285 | ) |  | (4,348 | ) |  | (4,447 | ) |  | 9,058 |  |  | (1,022 | )
Net (loss) income from discontinued operations | (23 | ) |  | — |  |  | 300 |  |  | — |  |  | 277 |
Net (loss) income | (1,308 | ) |  | (4,348 | ) |  | (4,147 | ) |  | 9,058 |  |  | (745 | )
Net income and preferred dividends attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (354 | ) |  | (44 | ) |  | (398 | )
Discontinued operations | — |  |  | — |  |  | (165 | ) |  | — |  |  | (165 | )
Net (loss) income attributable to common stockholders | $ | (1,308 | ) |  | $ | (4,348 | ) |  | $ | (4,666 | ) |  | $ | 9,014 |  |  | $ | (1,308 | )
Other comprehensive (loss) income | (139 | ) |  | — |  |  | (139 | ) |  | 139 |  |  | (139 | )
Total comprehensive (loss) income | $ | (1,447 | ) |  | $ | (4,348 | ) |  | $ | (4,805 | ) |  | $ | 9,153 |  |  | $ | (1,447 | )
a. | Includes impairment charges totaling $1.9 billion at the FM O&G LLC Guarantor and $3.5 billion at the non-guarantor subsidiaries related to ceiling test impairment charges for FCX's oil and gas properties pursuant to full cost accounting rules and a goodwill impairment charge.
Condensed Cash Flow Statement | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 2016
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net (loss) income | $ | (4,154 | ) |  | $ | (4,799 | ) |  | $ | (4,563 | ) |  | $ | 9,491 |  |  | $ | (4,025 | )
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 5 |  |  | 192 |  |  | 2,430 |  |  | (17 | ) |  | 2,610 |
Impairment of oil and gas properties | — |  |  | 1,531 |  |  | 2,765 |  |  | 21 |  |  | 4,317 |
Non-cash oil and gas drillship settlements | — |  |  | 689 |  |  | — |  |  | — |  |  | 689 |
Net gain on sales of assets | — |  |  | (86 | ) |  | (567 | ) |  | 4 |  |  | (649 | )
Equity in losses (earnings) of consolidated subsidiaries | 1,609 |  |  | 3,101 |  |  | 4,790 |  |  | (9,511 | ) |  | (11 | )
Other, net | (95 | ) |  | 30 |  |  | 807 |  |  | (1 | ) |  | 741 |
Changes in working capital and other tax payments, excluding amounts from dispositions | 2,498 |  |  | (929 | ) |  | (1,527 | ) |  | 15 |  |  | 57 |
Net cash (used in) provided by operating activities | (137 | ) |  | (271 | ) |  | 4,135 |  |  | 2 |  |  | 3,729 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (567 | ) |  | (2,248 | ) |  | 2 |  |  | (2,813 | )
Intercompany loans | 481 |  |  | (346 | ) |  | — |  |  | (135 | ) |  | — |
Dividends from (investments in) consolidated subsidiaries | 1,469 |  |  | (45 | ) |  | 176 |  |  | (1,600 | ) |  | — |
Proceeds from sales of assets | 2 |  |  | 1,670 |  |  | 4,687 |  |  | (4 | ) |  | 6,355 |
Other, net | — |  |  | 3 |  |  | 5 |  |  | — |  |  | 8 |
Net cash provided by (used in) investing activities | 1,952 |  |  | 715 |  |  | 2,620 |  |  | (1,737 | ) |  | 3,550 |
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 1,721 |  |  | — |  |  | 1,960 |  |  | — |  |  | 3,681 |
Repayments of debt | (5,011 | ) |  | — |  |  | (2,614 | ) |  | — |  |  | (7,625 | )
Intercompany loans | — |  |  | (332 | ) |  | 197 |  |  | 135 |  |  | — |
Net proceeds from sale of common stock | 1,515 |  |  | — |  |  | 3,388 |  |  | (3,388 | ) |  | 1,515 |
Cash dividends and distributions paid, including redemption | (6 | ) |  | (107 | ) |  | (5,555 | ) |  | 4,969 |  |  | (699 | )
Other, net | (34 | ) |  | (3 | ) |  | (20 | ) |  | 19 |  |  | (38 | )
Net cash (used in) provided by financing activities | (1,815 | ) |  | (442 | ) |  | (2,644 | ) |  | 1,735 |  |  | (3,166 | )
Net increase in cash and cash equivalents | — |  |  | 2 |  |  | 4,111 |  |  | — |  |  | 4,113 |
Increase in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | (45 | ) |  | — |  |  | (45 | )
Cash and cash equivalents at beginning of year | — |  |  | — |  |  | 177 |  |  | — |  |  | 177 |
Cash and cash equivalents at end of year | $ | — |  |  | $ | 2 |  |  | $ | 4,243 |  |  | $ | — |  |  | $ | 4,245 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 2015
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net (loss) income | $ | (12,236 | ) |  | $ | (12,802 | ) |  | $ | (18,562 | ) |  | $ | 31,511 |  |  | $ | (12,089 | )
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 5 |  |  | 370 |  |  | 3,195 |  |  | (73 | ) |  | 3,497 |
Impairment of oil and gas properties | — |  |  | 4,220 |  |  | 8,862 |  |  | 62 |  |  | 13,144 |
Metals inventory adjustments | — |  |  | — |  |  | 338 |  |  | — |  |  | 338 |
Other asset impairments, oil and gas inventory adjustments, and restructuring | — |  |  | 11 |  |  | 245 |  |  | — |  |  | 256 |
Net gains on crude oil and natural gas derivative contracts | — |  |  | (87 | ) |  | — |  |  | — |  |  | (87 | )
Equity in losses (earnings) of consolidated subsidiaries | 8,685 |  |  | 9,976 |  |  | 12,838 |  |  | (31,496 | ) |  | 3 |
Other, net | (2,127 | ) |  | 2 |  |  | (90 | ) |  | — |  |  | (2,215 | )
Changes in working capital and other tax payments | 5,506 |  |  | (1,428 | ) |  | (3,714 | ) |  | 9 |  |  | 373 |
Net cash (used in) provided by operating activities | (167 | ) |  | 262 |  |  | 3,112 |  |  | 13 |  |  | 3,220 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (7 | ) |  | (847 | ) |  | (5,486 | ) |  | (13 | ) |  | (6,353 | )
Intercompany loans | (1,812 | ) |  | (1,310 | ) |  | — |  |  | 3,122 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 852 |  |  | (71 | ) |  | 130 |  |  | (913 | ) |  | (2 | )
Other, net | (21 | ) |  | (2 | ) |  | 111 |  |  | 21 |  |  | 109 |
Net cash (used in) provided by investing activities | (988 | ) |  | (2,230 | ) |  | (5,245 | ) |  | 2,217 |  |  | (6,246 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 4,503 |  |  | — |  |  | 3,769 |  |  | — |  |  | 8,272 |
Repayments of debt | (4,660 | ) |  | — |  |  | (2,017 | ) |  | — |  |  | (6,677 | )
Intercompany loans | — |  |  | 2,038 |  |  | 1,084 |  |  | (3,122 | ) |  | — |
Net proceeds from sale of common stock | 1,936 |  |  | — |  |  | — |  |  | — |  |  | 1,936 |
Cash dividends and distributions paid | (605 | ) |  | — |  |  | (924 | ) |  | 804 |  |  | (725 | )
Other, net | (19 | ) |  | (71 | ) |  | (18 | ) |  | 88 |  |  | (20 | )
Net cash provided by (used in) financing activities | 1,155 |  |  | 1,967 |  |  | 1,894 |  |  | (2,230 | ) |  | 2,786 |
Net decrease in cash and cash equivalents | — |  |  | (1 | ) |  | (239 | ) |  | — |  |  | (240 | )
Decrease in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | 119 |  |  | — |  |  | 119 |
Cash and cash equivalents at beginning of year | — |  |  | 1 |  |  | 297 |  |  | — |  |  | 298 |
Cash and cash equivalents at end of year | $ | — |  |  | $ | — |  |  | $ | 177 |  |  | $ | — |  |  | $ | 177 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 2014
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net (loss) income | $ | (1,308 | ) |  | $ | (4,348 | ) |  | $ | (4,147 | ) |  | $ | 9,058 |  |  | $ | (745 | )
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 4 |  |  | 806 |  |  | 3,077 |  |  | (24 | ) |  | 3,863 |
Impairment of oil and gas properties and goodwill | — |  |  | 1,922 |  |  | 3,486 |  |  | 46 |  |  | 5,454 |
Net gains on crude oil and natural gas derivative contracts | — |  |  | (504 | ) |  | — |  |  | — |  |  | (504 | )
Equity in losses (earnings) of consolidated subsidiaries | 1,007 |  |  | 3,429 |  |  | 4,633 |  |  | (9,072 | ) |  | (3 | )
Other, net | (882 | ) |  | (113 | ) |  | (807 | ) |  | — |  |  | (1,802 | )
Changes in working capital and other tax payments, excluding amounts from dispositions | 723 |  |  | (1,750 | ) |  | 395 |  |  | — |  |  | (632 | )
Net cash (used in) provided by operating activities | (456 | ) |  | (558 | ) |  | 6,637 |  |  | 8 |  |  | 5,631 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (2,143 | ) |  | (5,072 | ) |  | — |  |  | (7,215 | )
Acquisition of Deepwater GOM interests | — |  |  | — |  |  | (1,426 | ) |  | — |  |  | (1,426 | )
Intercompany loans | (1,328 | ) |  | 704 |  |  | — |  |  | 624 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 1,221 |  |  | (130 | ) |  | (2,408 | ) |  | 1,317 |  |  | — |
Proceeds from sale of Eagle Ford shale assets | — |  |  | 2,910 |  |  | — |  |  | — |  |  | 2,910 |
Proceeds from sale of Candelaria and Ojos del Salado mines | — |  |  | — |  |  | 1,709 |  |  | — |  |  | 1,709 |
Other, net | — |  |  | 41 |  |  | 180 |  |  | — |  |  | 221 |
Net cash (used in) provided by investing activities | (107 | ) |  | 1,382 |  |  | (7,017 | ) |  | 1,941 |  |  | (3,801 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 7,464 |  |  | — |  |  | 1,246 |  |  | — |  |  | 8,710 |
Repayments of debt | (5,575 | ) |  | (3,994 | ) |  | (737 | ) |  | — |  |  | (10,306 | )
Intercompany loans | — |  |  | 810 |  |  | (186 | ) |  | (624 | ) |  | — |
Cash dividends and distributions paid | (1,305 | ) |  | 2,364 |  |  | (1,463 | ) |  | (1,325 | ) |  | (1,729 | )
Other, net | (21 | ) |  | (3 | ) |  | (2 | ) |  | — |  |  | (26 | )
Net cash provided by (used in) financing activities | 563 |  |  | (823 | ) |  | (1,142 | ) |  | (1,949 | ) |  | (3,351 | )
Net increase (decrease) in cash and cash equivalents | — |  |  | 1 |  |  | (1,522 | ) |  | — |  |  | (1,521 | )
Increase in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | (45 | ) |  | — |  |  | (45 | )
Cash and cash equivalents at beginning of year | — |  |  | — |  |  | 1,864 |  |  | — |  |  | 1,864 |
Cash and cash equivalents at end of year | $ | — |  |  | $ | 1 |  |  | $ | 297 |  |  | $ | — |  |  | $ | 298 |

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