10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-16-116655 |
| Period End Date | 20160331 |
| Filing Date | 20160502 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | scco-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
85 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accounts receivable other, related parties |
DueFromRelatedPartiesCurrent
|
$15.80M | USD | Point-in-time |
| Accounts receivable other, related parties |
DueFromRelatedPartiesCurrent
|
$46.50M | USD | Point-in-time |
| Accounts payable, related parties |
DueToRelatedPartiesCurrent
|
$69.30M | USD | Point-in-time |
| Accounts payable, related parties |
DueToRelatedPartiesCurrent
|
$100.70M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$376.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$364.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$274.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$192.10M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$4.30M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$4.30M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$603.50M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$282.60M | USD | Point-in-time |
| Accounts receivable trade |
AccountsReceivableNetCurrent
|
$520.50M | USD | Point-in-time |
| Accounts receivable trade |
AccountsReceivableNetCurrent
|
$448.60M | USD | Point-in-time |
| Accounts receivable other (including related parties 2016 - $46.5 million and 2015 - $15.8 million) |
OtherReceivables
|
$106.40M | USD | Point-in-time |
| Accounts receivable other (including related parties 2016 - $46.5 million and 2015 - $15.8 million) |
OtherReceivables
|
$102.60M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$931.30M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$857.20M | USD | Point-in-time |
| Prepaid taxes |
PrepaidTaxes
|
$165.80M | USD | Point-in-time |
| Prepaid taxes |
PrepaidTaxes
|
$194.20M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$43.70M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$27.70M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.46B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.48B | USD | Point-in-time |
| Property and mine development, net |
PropertyPlantAndEquipmentNet
|
$8.40B | USD | Point-in-time |
| Property and mine development, net |
PropertyPlantAndEquipmentNet
|
$7.55B | USD | Point-in-time |
| Property and mine development, net |
PropertyPlantAndEquipmentNet
|
$8.26B | USD | Point-in-time |
| Ore stockpiles on leach pads |
InventoryOreStockpilesOnLeachPads
|
$752.30M | USD | Point-in-time |
| Ore stockpiles on leach pads |
InventoryOreStockpilesOnLeachPads
|
$770.00M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetIncludingGoodwill
|
$155.10M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetIncludingGoodwill
|
$155.20M | USD | Point-in-time |
| Related parties receivable |
DueFromRelatedPartiesNoncurrent
|
$111.20M | USD | Point-in-time |
| Related parties receivable |
DueFromRelatedPartiesNoncurrent
|
$111.20M | USD | Point-in-time |
| Deferred income tax |
DeferredTaxAssetsNetNoncurrent
|
$614.20M | USD | Point-in-time |
| Deferred income tax |
DeferredTaxAssetsNetNoncurrent
|
$672.40M | USD | Point-in-time |
| Equity method investment |
EquityMethodInvestments
|
$76.10M | USD | Point-in-time |
| Equity method investment |
EquityMethodInvestments
|
$77.90M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$137.30M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$161.50M | USD | Point-in-time |
| Total assets |
Assets
|
$12.59B | USD | Point-in-time |
| Total assets |
Assets
|
$12.81B | USD | Point-in-time |
| Total assets |
Assets
|
$11.09B | USD | Point-in-time |
| Accounts payable (including related parties 2016 -$100.7 million and 2015 - $69.3 million) |
AccountsPayableCurrent
|
$704.20M | USD | Point-in-time |
| Accounts payable (including related parties 2016 -$100.7 million and 2015 - $69.3 million) |
AccountsPayableCurrent
|
$646.60M | USD | Point-in-time |
| Accrued income taxes |
AccruedIncomeTaxesCurrent
|
$39.20M | USD | Point-in-time |
| Accrued income taxes |
AccruedIncomeTaxesCurrent
|
$9.50M | USD | Point-in-time |
| Accrued workers' participation |
AccruedWorkersParticipation
|
$124.90M | USD | Point-in-time |
| Accrued workers' participation |
AccruedWorkersParticipation
|
$99.40M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$87.10M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$136.50M | USD | Point-in-time |
| Other accrued liabilities |
OtherLiabilitiesCurrent
|
$33.10M | USD | Point-in-time |
| Other accrued liabilities |
OtherLiabilitiesCurrent
|
$22.40M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$982.70M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$920.20M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$5.95B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$5.95B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$228.40M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$196.00M | USD | Point-in-time |
| Other liabilities and reserves |
OtherLiabilitiesNoncurrent
|
$35.40M | USD | Point-in-time |
| Other liabilities and reserves |
OtherLiabilitiesNoncurrent
|
$39.30M | USD | Point-in-time |
| Asset retirement obligation |
AssetRetirementObligationsNoncurrent
|
$190.90M | USD | Point-in-time |
| Asset retirement obligation |
AssetRetirementObligationsNoncurrent
|
$197.00M | USD | Point-in-time |
| Total non-current liabilities |
LiabilitiesNoncurrent
|
$6.37B | USD | Point-in-time |
| Total non-current liabilities |
LiabilitiesNoncurrent
|
$6.42B | USD | Point-in-time |
| Commitments and contingencies (Note 9) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 9) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$8.80M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$8.80M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$3.35B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$3.35B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$4.81B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$4.97B | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$1.10M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$1.10M | USD | Point-in-time |
| Treasury stock, at cost, common shares |
TreasuryStockValue
|
$2.27B | USD | Point-in-time |
| Treasury stock, at cost, common shares |
TreasuryStockValue
|
$2.91B | USD | Point-in-time |
| Treasury stock, at cost, common shares |
TreasuryStockValue
|
$2.97B | USD | Point-in-time |
| Total Southern Copper Corporation stockholders' equity |
StockholdersEquity
|
$5.26B | USD | Point-in-time |
| Total Southern Copper Corporation stockholders' equity |
StockholdersEquity
|
$5.37B | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
$36.30M | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
$36.90M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.41B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.30B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$12.81B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$12.59B | USD | Point-in-time |
Income Statement
43 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales (including sales to related parties, see Note 7) |
RevenueMineralSales
|
$1.27B | USD | 1 Quarter |
| Net sales (including sales to related parties, see Note 7) |
RevenueMineralSales
|
$1.25B | USD | 1 Quarter |
| Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) |
CostOfRevenue
|
$726.80M | USD | 1 Quarter |
| Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) |
CostOfRevenue
|
$679.80M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$24.90M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$26.30M | USD | 1 Quarter |
| Depreciation, amortization and depletion |
DepreciationDepletionAndAmortization
|
$117.00M | USD | 1 Quarter |
| Depreciation, amortization and depletion |
DepreciationDepletionAndAmortization
|
$135.30M | USD | 1 Quarter |
| Exploration |
ExplorationExpenseMining
|
$10.30M | USD | 1 Quarter |
| Exploration |
ExplorationExpenseMining
|
$10.50M | USD | 1 Quarter |
| Environmental remediation |
EnvironmentalRemediationExpense
|
$5.90M | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$837.90M | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$898.90M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$436.90M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$346.20M | USD | 1 Quarter |
| Interest expense |
InterestCostsIncurred
|
$90.20M | USD | 1 Quarter |
| Interest expense |
InterestCostsIncurred
|
$64.80M | USD | 1 Quarter |
| Capitalized interest |
InterestCostsCapitalized
|
$-38.90M | USD | 1 Quarter |
| Capitalized interest |
InterestCostsCapitalized
|
$-15.20M | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncomeExpense
|
$-500.00K | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncomeExpense
|
$-3.70M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$2.20M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$2.80M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$410.10M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$272.90M | USD | 1 Quarter |
| Income taxes (see Note 4) |
IncomeTaxExpenseBenefit
|
$92.30M | USD | 1 Quarter |
| Income taxes (see Note 4) |
IncomeTaxExpenseBenefit
|
$129.20M | USD | 1 Quarter |
| Net income before equity earnings of affiliate |
IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments
|
$280.90M | USD | 1 Quarter |
| Net income before equity earnings of affiliate |
IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments
|
$180.60M | USD | 1 Quarter |
| Equity earnings of affiliate, net of income tax |
IncomeLossFromEquityMethodInvestmentsAfterIncomeTax
|
$2.80M | USD | 1 Quarter |
| Equity earnings of affiliate, net of income tax |
IncomeLossFromEquityMethodInvestmentsAfterIncomeTax
|
$5.10M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$283.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$185.70M | USD | 1 Quarter |
| Less: Net income attributable to the non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$600.00K | USD | 1 Quarter |
| Less: Net income attributable to the non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.30M | USD | 1 Quarter |
| Net income attributable to SCC |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$185.10M | USD | 1 Quarter |
| Net income attributable to SCC |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$282.40M | USD | 1 Quarter |
| Net earnings - basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.24 | USD | 1 Quarter |
| Net earnings - basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.35 | USD | 1 Quarter |
| Dividends paid |
CommonStockDividendsPerShareCashPaid
|
$0.03 | USD | 1 Quarter |
| Dividends paid |
CommonStockDividendsPerShareCashPaid
|
$0.10 | USD | 1 Quarter |
| Weighted average shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
805.40M | shares | 1 Quarter |
| Weighted average shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
773.90M | shares | 1 Quarter |
Cash Flow Statement
49 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$283.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$185.70M | USD | 1 Quarter |
| Depreciation, amortization and depletion |
DepreciationDepletionAndAmortization
|
$117.00M | USD | 1 Quarter |
| Depreciation, amortization and depletion |
DepreciationDepletionAndAmortization
|
$135.30M | USD | 1 Quarter |
| Equity earnings of affiliate, net of dividends received |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$1.70M | USD | 1 Quarter |
| Equity earnings of affiliate, net of dividends received |
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
$500.00K | USD | 1 Quarter |
| (Gain) loss on foreign currency transaction effect |
ForeignCurrencyTransactionGainLossUnrealized
|
$11.00M | USD | 1 Quarter |
| (Gain) loss on foreign currency transaction effect |
ForeignCurrencyTransactionGainLossUnrealized
|
$1.10M | USD | 1 Quarter |
| (Benefit) provision for deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-22.00M | USD | 1 Quarter |
| (Benefit) provision for deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-24.70M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-6.80M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$700.00K | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$-39.10M | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$71.80M | USD | 1 Quarter |
| (Increase) decrease in inventories |
IncreaseDecreaseInInventories
|
$91.80M | USD | 1 Quarter |
| (Increase) decrease in inventories |
IncreaseDecreaseInInventories
|
$54.70M | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-153.10M | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$19.90M | USD | 1 Quarter |
| Increase (decrease) in other operating assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$95.20M | USD | 1 Quarter |
| Increase (decrease) in other operating assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-29.30M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$64.10M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$224.40M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$248.70M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$223.30M | USD | 1 Quarter |
| Proceeds from (purchase of) short-term investments, net |
PaymentsForProceedsFromShortTermInvestments
|
$-320.80M | USD | 1 Quarter |
| Proceeds from (purchase of) short-term investments, net |
PaymentsForProceedsFromShortTermInvestments
|
$-254.70M | USD | 1 Quarter |
| Sale of property |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$800.00K | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$98.30M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$6.00M | USD | 1 Quarter |
| Debt incurred |
ProceedsFromIssuanceOfLongTermDebt
|
$50.00M | USD | 1 Quarter |
| Cash dividends paid to common stockholders |
PaymentsOfDividendsCommonStock
|
$23.20M | USD | 1 Quarter |
| Cash dividends paid to common stockholders |
PaymentsOfDividendsCommonStock
|
$80.50M | USD | 1 Quarter |
| Repurchase of common shares |
PaymentsForRepurchaseOfCommonStock
|
$370.10M | USD | 1 Quarter |
| Repurchase of common shares |
PaymentsForRepurchaseOfCommonStock
|
$53.70M | USD | 1 Quarter |
| Distributions to non-controlling interest |
PaymentsOfDividendsMinorityInterest
|
$200.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-76.90M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-400.80M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$-1.50M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$16.00M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$101.50M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-171.90M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$376.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$364.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$274.50M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$192.10M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$376.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$364.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$274.50M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$192.10M | USD | Point-in-time |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income and comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$283.70M | USD | 1 Quarter |
| Net income and comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$185.70M | USD | 1 Quarter |
| Comprehensive income attributable to the non-controlling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.30M | USD | 1 Quarter |
| Comprehensive income attributable to the non-controlling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$600.00K | USD | 1 Quarter |
| Comprehensive income attributable to SCC |
ComprehensiveIncomeNetOfTax
|
$185.10M | USD | 1 Quarter |
| Comprehensive income attributable to SCC |
ComprehensiveIncomeNetOfTax
|
$282.40M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.