v3.25.2
Consolidated Statements of Cash Flow - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES        
Net income $ 1,256 $ 634 $ 2,037 $ 1,121
Adjustments for the following items:        
Depreciation 436 480 847 954
Finance costs, net 58 51 120 82
Impairment charges (note 9b) 0 1 4 18
Income tax expense (note 10) 102 407 380 581
Income from equity investees (note 12) (77) (115) (144) (163)
Gain on sale of non-current assets (note 9a) (745) (5) (745) (6)
Loulo-Gounkoto loss of control 1,035 0 1,035 0
(Gain) loss on currency translation (2) 5 0 17
Change in working capital (note 11) (129) 112 (234) (129)
Other operating activities (note 11) (103) (29) (112) (99)
Operating cash flows before interest and income taxes 1,831 1,541 3,188 2,376
Interest paid (114) (131) (139) (158)
Interest received 37 50 83 118
Income taxes paid (425) (301) (591) (417)
Net cash provided by operating activities 1,329 1,159 2,541 1,919
INVESTING ACTIVITIES        
Capital expenditures (note 5) (934) (819) (1,771) (1,547)
Sales proceeds 2 7 2 7
Divestitures (note 4) 999 0 999 0
Income taxes paid (refund), classified as investing activities (87) 0 (87) 0
Investment sales 0 33 0 33
Funding of equity method investments (note 12) 0 11 0 55
Dividends received from equity method investments (note 12) 53 42 91 89
Shareholder loan repayments from equity method investments 53 45 113 90
Net cash provided by (used in) investing activities 86 (703) (653) (1,383)
FINANCING ACTIVITIES        
Lease repayments 14 4 17 7
Repayments of borrowings, classified as financing activities 2 0 2 0
Dividends (170) (175) (342) (350)
Share buyback program 268 49 411 49
Funding from Reko Diq non-controlling interests (note 15) 44 30 127 52
Disbursements to non-controlling interests (note 15) 324 169 532 290
Repayments of bonds, notes and debentures       (2)
Pueblo Viejo JV partner shareholder loan 13 5 17  
Net cash used in financing activities (721) (362) (1,160) (646)
Effect of exchange rate changes on cash and equivalents 0 0 0 (2)
Net increase (decrease) in cash and equivalents 694 94 728 (112)
Cash and cash equivalents at beginning of period 4,108 3,942 4,074 4,148
Cash and equivalents $ 4,802 $ 4,036 $ 4,802 $ 4,036