Southern copper corp/ (SCCO)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
OPERATING ACTIVITIES
Net income

216,200

307,000

391,300

404,400

389,200

294,500

370,700

411,100

471,900

-286,200

402,800

300,500

315,300

172,400

198,200

222,500

185,700

62,000

99,400

296,000

283,700

349,141

325,780

338,382

324,597

407,496

345,566

374,105

497,033

533,213

219,261

565,336

623,562

539,027

665,060

660,119

480,147

494,971

367,200

315,311

385,227

365,073

314,225

176,029

79,246

417,802

548,467

Adjustments to reconcile net earnings to net cash provided from operating activities:
Depreciation, amortization and depletion

192,900

183,700

200,300

198,800

181,600

179,100

170,600

162,600

162,000

177,200

169,300

171,200

153,400

172,800

174,500

164,500

135,300

136,800

131,600

125,300

117,000

104,533

113,923

116,091

110,453

110,423

101,489

93,516

90,572

89,088

81,283

78,428

76,944

72,090

72,506

72,898

70,644

70,781

72,144

69,304

69,468

34,356

82,266

78,715

78,221

83,944

83,199

Equity earnings of affiliate, net of dividends received

1,000

3,900

3,100

-1,800

1,100

0

3,400

200

300

4,000

4,300

1,200

2,800

3,800

5,300

500

1,700

5,200

2,000

1,700

500

-581

3,184

3,583

3,414

3,512

1,079

-2,654

8,163

-1,927

2,654

14,285

2,654

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on foreign currency transaction effect

28,000

-7,500

-1,000

-7,100

-2,300

13,900

-4,800

0

-26,400

25,900

2,000

-21,700

-31,100

2,300

-1,600

7,100

1,100

-12,400

-4,700

8,300

11,000

33,337

14,856

119

5,688

-2,610

573

2,831

-13,894

-18,476

-3,358

14,191

-7,531

15,985

8,931

2,526

-8,179

303

-6,282

758

-8,364

-8,708

3,786

-14,779

1,394

15,533

-3,430

Provision for deferred income taxes

7,500

-47,500

-23,800

11,400

38,900

-33,800

-2,200

8,400

-23,900

703,200

-20,900

-24,000

-16,800

14,000

-77,100

-31,900

-22,000

-89,900

1,600

-40,200

-24,700

-100,748

-76,230

27,498

-84,320

-98,112

-9,769

16,426

-5,745

-20,309

56,808

31,817

-12,509

-19,757

-81,687

21,241

-37,743

6,397

-32,311

-20,365

5,853

1,115

-13,274

34,463

18,927

4,440

23,322

Other, net

-6,900

-900

-3,700

-3,800

-3,600

-31,400

-3,500

6,700

1,200

2,400

-3,600

-1,200

-6,500

-6,700

-7,600

-7,100

-6,800

-3,600

-700

1,000

700

-

932

279

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

305

6,410

-

-

-

-

1,603

-

-

-

-

26,330

-

Gain on sale of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-5,835

18,200

5,835

-

-

-

-

-

-

-

519

1,153

881

1,612

707

-2,661

-242

Non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,556

2,852

Unrealized gain on derivative investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-222

8,319

23,639

25,079

20,543

-10,336

Change in operating assets and liabilities:
Decrease (increase) in accounts receivable

-123,200

-9,100

54,900

-89,500

54,200

43,900

-34,800

-60,700

-16,700

60,400

210,100

-49,500

77,700

28,300

86,500

-43,300

71,800

28,800

-61,200

-20,100

-39,100

26,039

-68,956

39,843

10,074

46,011

-1,148

-101,299

-79,664

175,406

-97,607

-4,013

-59,047

75,785

-72,194

206,335

-74,374

309,713

17,314

-76,301

57,353

-3,209

103,312

92,192

107,336

-109,372

-45,070

Decrease (increase) in inventories

-70,400

11,700

12,700

56,800

7,500

59,500

43,600

28,300

59,400

81,300

72,300

37,600

10,700

58,300

3,400

54,400

91,800

78,200

74,100

53,300

54,700

59,613

39,742

58,684

102,061

10,869

69,104

32,512

31,115

91,203

56,581

44,712

-11,812

121,318

4,718

-19,554

88,002

35,366

-18,405

-20,565

10,876

-10,567

-38,872

7,238

-2,306

943

36,267

(Decrease) in accounts payable and accrued liabilities

-102,400

40,100

103,600

-195,700

-132,900

37,300

175,100

-178,000

83,400

149,000

113,900

-195,100

71,700

-23,000

153,100

-119,500

19,900

34,800

49,700

39,700

-153,100

-134,529

202,050

-27,234

69,313

-46,054

170,346

-252,402

64,510

-246,748

345,506

-199,645

-34,855

115,240

189,075

-416,958

-24,254

466,149

127,561

53,851

-106,606

271,307

-9,281

-100,703

-250,462

28,057

-222,604

(Increase) in other operating assets and liabilities

10,600

-56,100

20,200

50,200

48,600

-55,100

-22,500

23,400

25,800

-127,400

-56,100

-67,600

-20,100

-37,100

55,600

-40,600

95,200

-15,200

10,900

45,800

-29,300

-138,765

143,026

19,268

-49,429

-179,142

72,848

-2,184

106,178

-102,519

44,869

11,494

2,636

19,862

25,213

-61,131

-31,727

142,166

8,102

-13,546

-15,284

20,782

-84,113

-31,310

-12,472

114,857

-49,269

Net cash provided by operating activities

475,100

541,300

585,200

414,100

371,300

446,300

732,800

406,200

649,800

696,600

436,100

353,800

490,100

287,300

307,100

264,600

64,100

62,700

261,900

330,800

224,400

239,543

434,603

333,519

348,235

497,013

465,176

302,439

594,472

206,769

699,719

377,067

720,407

484,146

877,981

202,714

515,072

551,852

533,865

527,755

307,239

666,449

380,623

109,912

-193,806

700,340

408,778

INVESTING ACTIVITIES
Capital expenditures

101,000

171,300

182,700

180,400

173,100

289,500

282,300

253,900

295,700

313,100

212,700

252,100

245,600

278,000

275,600

341,600

223,300

303,700

316,200

281,000

248,700

422,316

410,450

360,106

336,928

512,799

488,249

385,454

316,798

385,956

258,224

230,303

177,417

275,867

153,394

110,655

72,989

127,561

112,885

92,925

75,363

98,082

110,559

142,725

63,456

137,627

130,876

Payments to acquire business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,545

310,280

4,734

144,629

-

8,944

30,131

-

-

-

-

-

-

-

Loan repaid by related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74,800

36,400

-

-

-

-

-

-

-

-

-

-6

9,454

2,679

10,573

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property

-

-

-

-

-

-

-

-

300

-

-

-

400

-

1,300

400

800

-

200

3,000

-

-

15

4,587

294

-

19

803

224

-

-

5,182

98

-

1,424

8,132

-

2,089

1,235

538

4,809

-

-

-

204

55,447

-

Investment in affiliated companies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,861

8,504

4,593

11,318

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in loan to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-37,599

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds on sale of short-term investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,200

-

-

-

-

-

-

-

-

-

-

-

-

-

11,816

11,150

Proceeds from sale (purchase) of short-term investments, net

-40,000

-

-117,100

-94,700

-300

-

185,800

-5,800

6,000

-

-9,600

-12,600

1,400

-

2,600

-184,500

-320,800

-

308,800

489,600

-254,700

436,882

-81,897

16,873

64,742

117,534

-29,469

188,445

70,190

-397,845

5,946

146,495

-294,694

-

-

-

-

-

-

-

-3,387

-

-8,815

-18,703

-12,102

-

-

Other

-400

-

-100

-100

-

-

-200

12,400

-

-

100

-700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-93

-

-

-

9,741

-

-723

-

-

-

-

-

-858

-1,736

-

-1,101

-5,097

Repayments of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200,000

66,000

-

-

-

-

-

-

-

5,000

-

-

-

5,000

-

5,000

0

5,000

5,250

-

-

5,000

-

-

-

5,000

-

-

155,025

Payments of debt issuance cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

9,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

676

8,155

-

-

-

-

-

-

-

Net cash used in investing activities

-60,600

-250,100

-65,500

-85,600

-172,800

-266,400

-467,900

-260,500

-301,400

-330,400

-203,200

-238,800

-246,600

-227,900

-202,100

-120,300

98,300

25,800

-725,200

-767,600

6,000

-552,894

-328,538

-372,392

-401,376

-348,985

-449,307

-570,417

-376,191

-130,853

-301,676

-353,416

117,375

-272,314

-480,495

-111,850

-228,213

-163,492

-120,594

-122,518

-67,167

-84,964

-100,886

-122,286

-51,150

-69,263

-114,629

FINANCING ACTIVITIES
Proceeds from issuance of debt

-

-

987,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,995,800

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,489,674

-

-

-

-

-

-

-

Capitalization of debt issuance cost

-

-

9,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid to common stockholders

309,200

309,200

309,200

309,300

309,200

309,300

309,200

231,900

231,900

193,300

108,200

92,800

61,800

38,700

38,700

38,700

23,200

31,400

79,500

79,800

80,500

97,987

99,641

83,346

100,026

100,738

101,028

169,102

202,932

2,326,088

203,723

450,349

159,811

588,700

522,649

476,000

493,004

365,500

314,500

382,500

365,498

151,840

86,322

38,251

99,555

503,543

500,592

SCC shareholder derivative lawsuit - received from AMC

-

-

-

0

36,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SCC shareholder derivative lawsuit - dividend paid

-

-

-

0

36,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

0

18,000

0

53,700

280,000

309,800

44,500

370,100

293,755

323,436

13,030

52,479

-

59,431

64,560

-

-

99,185

33,184

-

-

110,290

148,068

-

-

35

380

-

0

337

0

71,566

68,471

-

Distributions to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

100

200

200

294

207

197

302

303

231

394

472

1,360

533

1,248

472

1,930

1,350

1,412

2,193

1,835

1,689

1,822

1,149

-

381

189

-

2,387

3,576

Other, net

-2,200

1,000

-800

300

-100

1,300

-200

200

-900

-

-200

300

-

-

-

300

-

-

-

300

-

-

-

249

-

-1,653

263

532

258

277

154

451

153

152

1,505

714

-1,218

205

151

292

75

7

351

569

70

61

733

Net cash used in financing activities

-311,400

-311,400

667,500

-309,000

-309,300

-309,500

-309,400

-231,700

-232,800

-193,400

-108,400

-92,500

-61,800

-38,700

-56,700

-38,400

-76,900

-311,500

-591,400

1,795,900

-400,800

-392,085

-423,284

-96,324

-152,807

-265,103

-160,427

-238,524

-203,146

1,230,845

-303,287

-489,330

-160,130

-610,810

-632,784

-629,766

-501,665

-372,178

-316,749

1,092,109

-366,572

-157,412

-86,689

-42,871

-171,051

-574,340

-658,460

Effect of exchange rate changes on cash and cash equivalents

23,400

10,100

-4,200

-4,300

3,200

6,900

-20,700

50,300

-52,200

33,500

-14,700

-32,500

-29,000

13,800

10,700

-29,400

16,000

-7,000

-13,100

21,100

-1,500

35,257

16,029

-2,540

6,354

-5,536

175

-16,166

-12,273

-5,078

-16,322

26,869

-7,589

3,961

24,592

19,446

-4,574

-60,203

-4,447

-4,687

6,158

-65,047

-15,308

-490

-9,458

-31,348

41,789

Increase (decrease) in cash and cash equivalents

126,500

-10,100

1,183,000

15,200

-107,600

-122,700

-65,200

-35,700

63,400

206,300

109,800

-10,000

152,700

34,500

59,000

76,500

101,500

-230,000

-1,067,800

1,380,200

-171,900

-670,179

-301,190

-137,737

-199,594

-122,611

-144,383

-522,668

2,862

1,301,683

78,434

-438,810

670,063

-395,017

-210,706

-519,456

-219,380

-44,021

92,075

1,492,659

-120,342

359,026

177,740

-55,735

-425,465

25,389

-322,522

Supplemental disclosure of cash flow information: