10-Q Filing

SOUTHERN COPPER CORP/ CIK: 1001838 Q1 2010

Filing Information

Form Type	10-Q
Accession Number	`0001104659-10-024965`
Period End Date	20100331
Filing Date	20100504
Fiscal Year	2010
Fiscal Period	Q1
XBRL Instance	scco-20100331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 42 Cash Flow Statement 50

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable trade, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.51M	USD	Point-in-time
Accounts receivable trade, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.61M	USD	Point-in-time
Accounts receivable from affiliates	`DueFromAffiliates`	$4.49M	USD	Point-in-time
Accounts receivable from affiliates	`DueFromAffiliates`	$5.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$291.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$772.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$651.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$716.74M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$22.95M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$20.08M	USD	Point-in-time
Accounts receivable trade, less allowance for doubtful accounts (2010 - $4,509; 2009 - $4,614)	`AccountsReceivableNetCurrent`	$469.40M	USD	Point-in-time
Accounts receivable trade, less allowance for doubtful accounts (2010 - $4,509; 2009 - $4,614)	`AccountsReceivableNetCurrent`	$407.98M	USD	Point-in-time
Accounts receivable other (including affiliates 2010 - $5,571; 2009 - $4,491)	`OtherReceivables`	$27.90M	USD	Point-in-time
Accounts receivable other (including affiliates 2010 - $5,571; 2009 - $4,491)	`OtherReceivables`	$31.97M	USD	Point-in-time
Inventories	`InventoryNet`	$456.12M	USD	Point-in-time
Inventories	`InventoryNet`	$469.07M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$19.67M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$27.18M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$52.96M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$67.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.72B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.78B	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$3.97B	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$3.97B	USD	Point-in-time
Leachable material, net	`LeachableMaterial`	$107.26M	USD	Point-in-time
Leachable material, net	`LeachableMaterial`	$95.48M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$113.65M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$113.84M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetNoncurrent`	$51.91M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetNoncurrent`	$52.67M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$47.42M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$41.11M	USD	Point-in-time
Total assets	`Assets`	$6.06B	USD	Point-in-time
Total assets	`Assets`	$6.00B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$283.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$254.23M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$91.36M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$69.20M	USD	Point-in-time
Due to affiliated companies	`DueToAffiliateCurrent`	$1.49M	USD	Point-in-time
Accrued workers' participation	`AccruedWorkersParticipation`	$150.69M	USD	Point-in-time
Accrued workers' participation	`AccruedWorkersParticipation`	$119.97M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$39.80M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$15.63M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$31.91M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$26.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$602.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$502.42M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.27B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.27B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$156.86M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$143.51M	USD	Point-in-time
Non-current taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$28.18M	USD	Point-in-time
Non-current taxes payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$26.20M	USD	Point-in-time
Other liabilities and reserves	`OtherLiabilitiesNoncurrent`	$77.61M	USD	Point-in-time
Other liabilities and reserves	`OtherLiabilitiesNoncurrent`	$80.39M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$49.73M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$48.92M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$1.57B	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$1.59B	USD	Point-in-time
Common stock	`CommonStockValue`	$8.85M	USD	Point-in-time
Common stock	`CommonStockValue`	$8.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.01B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.02B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.47B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.49B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.06M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.06M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$612.11M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$603.41M	USD	Point-in-time
Total SCC stockholders' equity	`StockholdersEquity`	$3.89B	USD	Point-in-time
Total SCC stockholders' equity	`StockholdersEquity`	$3.88B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$18.78M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$18.03M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.89B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.91B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.00B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.06B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueMineralSales`	$1.22B	USD	1 Quarter
Net sales	`RevenueMineralSales`	$622.00M	USD	1 Quarter
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below)	`CostOfRevenue`	$499.20M	USD	1 Quarter
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below)	`CostOfRevenue`	$375.45M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$21.72M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.79M	USD	1 Quarter
Depreciation, amortization and depletion	`DepreciationDepletionAndAmortization`	$78.22M	USD	1 Quarter
Depreciation, amortization and depletion	`DepreciationDepletionAndAmortization`	$81.25M	USD	1 Quarter
Exploration	`ExplorationExpenseMining`	$5.40M	USD	1 Quarter
Exploration	`ExplorationExpenseMining`	$8.46M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$610.63M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$477.87M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$608.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$144.13M	USD	1 Quarter
Interest expense	`InterestCostsIncurred`	$23.79M	USD	1 Quarter
Interest expense	`InterestCostsIncurred`	$23.97M	USD	1 Quarter
Capitalized interest	`InterestCostsCapitalized`	$-2.08M	USD	1 Quarter
Loss on derivative instruments	`GainLossOnDerivativeInstrumentsNetPretax`	$-2.60M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$1.43M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$3.36M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$4.28M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$588.47M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$127.27M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$48.02M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$203.24M	USD	1 Quarter
Net income	`ProfitLoss`	$79.25M	USD	1 Quarter
Net income	`ProfitLoss`	$385.23M	USD	1 Quarter
Less: Net income attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.98M	USD	1 Quarter
Less: Net income attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$554.00K	USD	1 Quarter
Net income attributable to SCC	`NetIncomeLoss`	$78.69M	USD	1 Quarter
Net income attributable to SCC	`NetIncomeLoss`	$383.24M	USD	1 Quarter
Net income attributable to SCC - basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Net income attributable to SCC - basic (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Net income attributable to SCC - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Net income attributable to SCC - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Dividends paid to SCC common shareholders (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.43	USD	1 Quarter
Dividends paid to SCC common shareholders (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	852.77M	shares	1 Quarter
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	850.00M	shares	1 Quarter
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	852.77M	shares	1 Quarter
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	850.00M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$79.25M	USD	1 Quarter
Net income	`ProfitLoss`	$385.23M	USD	1 Quarter
Depreciation, amortization and depletion	`DepreciationDepletionAndAmortization`	$78.22M	USD	1 Quarter
Depreciation, amortization and depletion	`DepreciationDepletionAndAmortization`	$81.25M	USD	1 Quarter
Loss (gain) on currency translation effect	`ForeignCurrencyTransactionGainLossUnrealized`	$1.39M	USD	1 Quarter
Loss (gain) on currency translation effect	`ForeignCurrencyTransactionGainLossUnrealized`	$-8.36M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.85M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$18.93M	USD	1 Quarter
Gain on sale of property	`GainLossOnSaleOfProperty`	$1.60M	USD	1 Quarter
Gain on sale of short-term investment	`GainLossOnSaleOfInvestments`	$707.00K	USD	1 Quarter
Gain on sale of short-term investment	`GainLossOnSaleOfInvestments`	$519.00K	USD	1 Quarter
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$25.08M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$107.34M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$57.35M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.31M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$12.95M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-250.46M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-106.61M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-12.47M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-5.58M	USD	1 Quarter
Net cash provided from (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$307.24M	USD	1 Quarter
Net cash provided from (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-193.81M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$63.46M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$75.36M	USD	1 Quarter
Net proceeds from sale of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-3.39M	USD	1 Quarter
Net proceeds from sale of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-12.10M	USD	1 Quarter
Sale of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.81M	USD	1 Quarter
Sale of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$204.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.15M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.17M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$99.56M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$365.50M	USD	1 Quarter
Distributions to non-controlling interest	`PaymentsOfDividendsMinorityInterest`	$1.15M	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$71.57M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$70.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$75.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-366.57M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-171.05M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.16M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-9.46M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-120.34M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-425.46M	USD	1 Quarter
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$291.27M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$772.31M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$651.96M	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$716.74M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$291.27M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$772.31M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$651.96M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$716.74M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.