Southern Copper Corporation (SCCO) Financial Statements (2023 and earlier)

Company Profile

Business Address 7310 NORTH 16TH ST.
PHOENIX, AZ 85020
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 10 - Metal Mining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2783,4892,5942,0061,0581,055
Cash and cash equivalents2,0703,0022,1841,9258451,005
Short-term investments2084874118121451
Receivables1,4271,4081,092863924917
Inventory, net of allowances, customer advances and progress billings1,0149739501,0691,0331,042
Inventory1,0149739501,0691,0331,042
Prepaid expense3781981051728786
Other current assets443429262911
Other undisclosed current assets463944494960
Total current assets:5,1886,1404,8154,1853,1803,170
Noncurrent Assets
Operating lease, right-of-use asset8519169791,046✕✕
Property, plant and equipment9,5979,4649,4599,3719,4049,100
Long-term investments and receivables111115114171104100
Due from related parties    60  
Long-term investments111115114112104100
Intangible assets, net (including goodwill), including:135138143148148153
Goodwill 424242424242
Intangible assets, net (excluding goodwill) 212125312526
Other undisclosed intangible assets, net (including goodwill)717576768185
Deferred income tax assets237316230184✕✕
Other noncurrent assets95110817171116
Other undisclosed noncurrent assets1,0641,0981,1251,2301,5781,142
Total noncurrent assets:12,09012,15812,13112,22311,30510,610
TOTAL ASSETS:17,27718,29816,94716,40714,48513,780
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8931,5231,034811990970
Interest and dividends payable✕✕9999968484
Taxes payable✕✕833341116233226
Accounts payable658592595598673660
Accrued liabilities235     
Debt  300 468  
Due to related parties 120103104867590
Other liabilities 292832232021
Other undisclosed current liabilities1932962148913187
Total current liabilities:1,2362,2501,3851,4771,2161,168
Noncurrent Liabilities
Long-term debt and lease obligation6,2517,0907,4537,5195,9605,957
Long-term debt, excluding current maturities6,2516,2486,5446,5415,9605,957
Liabilities, other than long-term debt1,644750833554696505
Asset retirement obligations585563545262218223
Deferred tax liabilities, net✕✕✕✕✕20339
Deferred income tax liabilities161118159178✕✕
Liability for uncertainty in income taxes41  1207207
Other liabilities82681291136837
Operating lease, liability774842908978✕✕
Total noncurrent liabilities:7,8957,8408,2868,0736,6566,462
Total liabilities:9,13110,0909,6719,5497,8727,631
Equity
Equity, attributable to parent8,0848,1497,2256,8106,5676,108
Common stock999999
Treasury stock, value(3,108)(3,074)(3,064)(3,049)(3,020)(3,001)
Additional paid in capital3,4903,4543,4423,4253,3943,373
Accumulated other comprehensive income (loss)(9)(9)(8)(10)(2)1
Retained earnings7,7027,7706,8466,4366,1875,726
Equity, attributable to noncontrolling interest635951484542
Total equity:8,1478,2087,2766,8586,6136,149
TOTAL LIABILITIES AND EQUITY:17,27718,29816,94716,40714,48513,780

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,04810,9347,9857,2867,0976,655
Revenue, net✕✕✕✕✕✕6,655
Cost of revenue(4,649)(3,894)(3,930)(3,606)(3,409)(3,253)
Other undisclosed gross profit    (764)(674)(671)
Gross profit:5,3997,0404,0552,9153,0132,731
Operating expenses(167)(169)(159)(162)(132)(83)
Other undisclosed operating loss(796)(806)(776)  (29)
Operating income:4,4366,0653,1212,7532,8812,619
Nonoperating income (expense)152(11)(8)14(15)(10)
Investment income, nonoperating3571921166
Other nonoperating income (expense)117(18)(28)(7)(31)(16)
Other undisclosed loss from continuing operations before equity method investments, income taxes(340)(357)(367)(341)(277)(306)
Income from continuing operations before equity method investments, income taxes:4,2485,6972,7462,4272,5892,303
Income (loss) from equity method investments(4)146111223
Income from continuing operations before income taxes:4,2445,7102,7522,4372,6022,326
Income tax expense(1,596)(2,299)(1,174)(945)(1,054)(1,593)
Income from continuing operations:2,6483,4111,5781,4921,548732
Income before gain (loss) on sale of properties:✕3,4111,5781,4921,548732
Net income:2,6483,4111,5781,4921,548732
Net loss attributable to noncontrolling interest(10)(14)(7)(6)(5)(4)
Net income available to common stockholders, diluted:2,6393,3971,5701,4861,543729

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,6483,4111,5781,4921,548732
Other comprehensive income (loss)0(1)2(8)(3)3
Comprehensive income:2,6483,4101,5801,4841,545735
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(14)(7)(6)(5)(4)
Comprehensive income, net of tax, attributable to parent:2,6393,3961,5721,4781,540731

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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