HY 2023 Results and Growth Prospects
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Cash flow reconciliation
H1 2023 Cash Flow (US$m)
Profit after tax for the year/Underlying EBITDA
Adjustments for:
Taxation
Finance items
Share of profit after tax of equity accounted units
Impairments
Depreciation and amortisation
1,983
Statutory cash
flow
Reconciling
items
Underlying
Utilisation of provisions
cash flow
Close down and restoration
(333)
4,947
11,728
Post-retirement benefits and other employee benefits
Other provisions
(115)
(44)
(492)
748
(431)
(611)1
(1,042)
1,175
1,175
2,485
Change in working capital
Inventories
(293)
Provisions (including exchange differences on provisions)
Utilisation of provisions
63
29
92
(492)
(492)
Trade and other receivables
Trade and other payables
(6)
(628)
Change in working capital
(927)
(927)
(927)
Other items
(116)
192
76
Cash flows from consolidated operations
Dividends from EAUs
9,435
287
287
Other items
Net interest paid
Dividends paid to non-controlling interests
Tax paid
(286)
(286)
Reconciling
Statutory
Underlying
(46)
(46)
Change in non-debt
(2,415)
(2,415)
(73)
items
112²
39
derivatives
Net cash generated from operating activities
6,975
Depreciation
(88)
883
transferred
Purchases of PPE
(3,001)
Other items 2,3
45
(8)
37
Sales of PPE
8
(116)
192
76
Lease principal payments
Free cash flow
(213)
3,769
Rio Tinto
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1Relates to Finance items, tax, depreciation & amortisation of EAUs which is not included in Underlying EBITDA | 2Relates to exclusions not included in
Underlying EBITDA | 3Part of the reconciling items include depreciation in E&E expenditure and depreciation transferred not recognised in underlying cashflows
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