SOUTHERN COPPER CORP/ SCCO Income Statement

Southern copper corp/ (SCCO)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Net sales (including sales to related parties, see Note 6)
1,719,700	1,854,700	1,859,500	1,818,000	1,753,400	1,694,700	1,723,700	1,837,200	1,841,100	1,864,300	1,676,500	1,529,800	1,583,900	1,398,900	1,400,700	1,335,100	1,245,100	1,254,600	1,133,600	1,382,900	1,274,800	1,471,258	1,474,647	1,487,412	1,354,383	1,535,168	1,384,507	1,410,223	1,623,002	1,651,075	1,552,379	1,659,876	1,805,936	1,669,298	1,745,906	1,801,498	1,602,019	1,498,991	1,257,864	1,173,240	1,219,405	1,136,004	1,151,769	824,509	621,998	1,440,077	1,461,796
Operating cost and expenses:
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below)
955,800	988,500	906,500	867,300	844,100	856,800	824,000	851,700	876,500	822,700	781,500	804,800	843,800	724,300	831,400	751,600	726,800	870,100	670,800	706,900	679,800	742,511	729,506	726,589	641,894	773,978	663,342	711,231	722,749	708,569	670,861	667,876	721,927	653,057	677,258	695,977	736,860	535,729	550,803	531,484	510,983	541,004	529,893	419,476	375,455	645,798	550,458
Selling, general and administrative
29,100	40,400	32,000	30,900	28,500	25,900	26,400	26,200	24,100	24,500	25,000	22,200	21,400	21,700	22,700	23,600	26,300	25,900	23,600	25,000	24,900	27,223	26,282	25,397	24,498	25,568	24,106	27,452	25,374	26,746	23,758	25,362	25,431	29,781	24,376	25,744	24,572	33,457	23,148	21,964	21,718	24,471	23,804	18,101	18,792	25,937	26,726
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
Exploration
8,600	10,200	6,900	7,400	5,500	9,300	6,000	9,100	5,200	9,900	8,100	5,700	5,100	9,600	9,700	10,300	10,500	12,700	13,700	12,100	10,300	17,383	20,638	22,068	14,611	17,041	11,984	11,651	10,324	14,082	12,470	12,600	8,725	12,495	9,675	8,147	7,218	6,912	8,871	10,065	8,465	7,080	7,075	5,021	5,402	8,452	8,996
Environmental remediation
-	-	-	-	-	-	-	-	-	0	0	0	-10,200	-	-	-	-	21,600	7,000	10,500	5,900	-	37,163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs and expenses
1,186,400	1,222,800	1,145,700	1,104,400	1,059,700	1,071,100	1,027,000	1,049,600	1,067,800	1,034,300	983,900	1,003,900	1,013,500	928,400	1,038,300	950,000	898,900	1,067,100	846,700	879,800	837,900	945,887	927,512	890,145	791,456	927,010	800,921	843,850	849,019	838,485	1,104,605	784,266	833,027	767,423	783,815	802,766	839,294	646,879	654,966	632,817	610,634	606,911	643,038	521,313	477,870	764,131	669,379
Amount of litigation settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	316,233	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
533,300	631,900	713,800	713,600	693,700	623,600	696,700	787,600	773,300	830,000	692,600	525,900	570,400	470,500	362,400	385,100	346,200	187,500	286,900	503,100	436,900	525,371	547,135	597,267	562,927	608,158	583,586	566,373	773,983	812,590	447,774	875,610	972,909	901,875	962,091	998,732	762,725	852,112	602,898	540,423	608,771	529,093	508,731	303,196	144,128	675,946	792,417
Interest expense
101,900	101,800	90,800	90,200	90,100	90,300	90,100	90,200	90,300	72,200	90,300	89,200	105,700	89,400	91,500	89,200	90,200	89,900	92,400	86,900	64,800	66,357	67,728	66,075	65,140	66,180	67,543	66,487	65,290	58,743	48,458	47,409	47,175	47,973	48,506	48,297	47,564	49,295	49,816	45,050	23,788	25,391	25,126	25,310	23,966	25,610	27,245
Capitalized interest
5,100	6,700	7,000	6,200	12,300	20,200	20,900	21,600	21,100	1,600	18,700	16,200	14,900	18,800	18,400	17,200	15,200	167,600	27,600	-33,100	-38,900	213,618	-33,153	-29,162	-24,603	-22,651	-18,303	-15,707	-12,239	-4,491	-18,827	-3,201	-2,861	-1,816	-1,742	-1,357	-936	-	-	-	-	0	3,287	-3,368	-2,075	-2,305	-1,441
Gain on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92	-37	6,785	-2,604	-13,621	-1,487
Other income (expense)
-7,400	-29,100	-6,300	23,000	5,400	-17,700	-7,600	-3,100	-2,300	-17,400	-6,200	3,100	4,800	-39,500	9,600	5,800	-500	-15,800	-4,300	-1,500	-3,700	-9,749	-21,066	-5,779	-4,206	-2,407	1,724	16,935	848	-7,253	3,527	18,324	7,235	-8,817	-1,374	6,728	-580	-6,501	-9,180	-6,489	1,433	3,449	760	-1,495	3,363	21,274	2,904
Interest income
7,800	8,000	5,100	4,400	3,700	6,200	4,400	2,800	2,600	1,500	1,800	1,300	900	1,100	1,800	2,000	2,200	2,600	2,900	2,600	2,800	3,283	3,765	3,715	4,537	4,209	5,516	4,306	5,969	3,993	3,828	3,563	3,847	3,938	3,614	3,534	2,711	2,405	2,015	1,328	2,052	592	845	898	4,275	9,764	12,181
Income before income taxes
436,900	515,700	628,800	657,000	625,000	542,000	624,300	718,700	704,400	743,500	616,600	457,300	485,300	361,500	300,700	320,900	272,900	108,000	220,700	450,400	410,100	492,330	495,259	558,290	522,721	566,431	541,586	536,834	727,749	755,078	425,498	853,289	939,677	850,839	917,567	962,054	718,228	806,183	545,917	490,212	588,468	507,835	481,886	287,442	127,271	670,058	780,211
Income taxes (including royalty taxes, see Note 7)
221,700	236,300	241,000	251,100	237,900	301,400	257,900	309,100	236,600	395,100	220,100	160,300	176,200	318,100	111,200	102,000	92,300	208,800	125,300	157,000	129,200	149,264	175,405	225,769	204,162	164,666	197,885	167,870	238,879	232,328	219,802	309,973	318,769	311,812	252,507	301,935	238,081	311,212	178,717	174,901	203,241	142,762	167,661	111,413	48,025	249,700	228,892
Net income before equity earnings of affiliate
215,200	300,400	387,800	405,900	387,100	292,100	366,400	409,600	467,800	-293,300	396,500	297,000	309,100	165,900	189,500	218,900	180,600	54,600	95,400	293,400	280,900	343,066	319,854	332,521	318,559	401,765	343,701	368,964	488,870	522,750	205,696	543,316	620,908	-	665,060	660,119	-	-	-	-	-	-	-	-	-	-	-
Equity earnings (loss) of affiliate, net of income tax
1,000	6,600	3,500	-1,500	2,100	2,400	4,300	1,500	4,100	7,100	6,300	3,500	6,200	6,500	8,700	3,600	5,100	7,400	4,000	2,600	2,800	6,075	5,926	5,861	6,038	5,731	1,865	5,141	8,163	10,463	13,565	22,020	2,654	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	665,060	660,119	-	494,971	367,200	315,311	385,227	-	314,225	176,029	79,246	420,358	551,319
Less: Net income attributable to the non-controlling interest
1,400	1,400	1,700	2,000	1,000	1,200	1,300	1,500	1,200	1,200	1,000	800	900	500	600	600	600	1,100	1,000	1,300	1,300	1,100	1,463	1,129	1,208	1,346	1,345	1,368	1,641	1,424	1,395	1,789	2,132	2,055	2,021	2,082	1,771	2,722	2,029	1,924	1,983	1,803	1,774	1,061	554	2,556	2,852
Net income attributable to SCC
214,800	305,600	389,600	402,400	388,200	293,300	369,400	409,600	470,700	-287,400	401,800	299,700	314,400	171,900	197,600	221,900	185,100	60,900	98,400	294,700	282,400	348,041	324,317	337,253	323,389	406,150	344,221	372,737	495,392	531,789	217,866	563,547	621,430	535,201	663,039	658,037	480,147	-	365,171	-	-	-	-	-	-	-	-
Net income attributable to SCC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	478,376	-	-	313,387	383,244	363,270	312,451	174,968	78,692	417,802	548,467
Per common share amounts attributable to SCC:
Net earnings-basic and diluted
0.28	0.40	0.50	0.52	0.50	0.38	0.48	0.53	0.61	-0.38	0.52	0.39	0.41	0.21	0.26	0.29	0.24	0.09	0.12	0.37	0.35	0.43	0.39	0.40	0.39	0.48	0.41	0.44	0.59	0.63	0.26	0.66	0.73	0.62	0.78	0.77	0.56	-	0.43	-	-	-	-	-	-	-	-
Net income - basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37	0.45	-	0.37	0.21	0.09	0.47	0.62
Net income - diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37	0.45	-	0.37	0.21	0.09	0.47	0.62
Dividends declared and paid
0.40	-	0.40	0.40	0.40	-	0.40	0.30	0.30	-	0.14	0.12	0.08	0.05	0.05	0.05	0.03	0.04	0.10	0.10	0.10	0.12	0.12	0.10	0.12	0.12	0.12	0.20	0.24	2.75	0.24	0.53	0.54	0.70	0.61	0.55	0.57	0.41	0.37	0.45	0.43	0.18	0.10	0.04	0.12	0.57	0.57
Weighted average shares outstanding-basic and diluted
773,100	773,300	773,100	773,000	773,000	773,000	773,000	773,000	773,000	773,000	773,000	773,000	773,000	773,200	773,600	773,700	773,900	782,000	793,200	798,200	805,400	816,439	829,216	833,353	833,792	838,317	841,946	844,986	845,551	845,526	848,419	849,461	849,978	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding - basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	852,250	857,493	858,998	885,992	850,000	850,000	850,000	849,947	850,009	850,008	852,772	882,696	883,401
Weighted average shares outstanding - diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	852,250	857,493	858,998	885,992	850,000	850,000	850,000	849,947	850,009	850,008	852,772	882,696	883,401