Southern Copper Corporation (SCCO) Financial Statements (2025 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)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,503 | 1,751 | 2,278 | 3,489 | 2,594 | 2,006 | |||
| Cash and cash equivalent | 3,258 | 1,152 | 2,070 | 3,002 | 2,184 | 1,925 | |||
| Short-term investments | 245 | 599 | 208 | 487 | 411 | 81 | |||
| Receivables | 1,203 | 1,168 | 1,427 | 1,408 | 1,092 | 863 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,049 | 1,017 | 1,014 | 973 | 950 | 1,069 | |||
| Inventory | 1,049 | 1,017 | 1,014 | 973 | 950 | 1,069 | |||
| Prepaid expense | 347 | 395 | 378 | 198 | 105 | 172 | |||
| Other current assets | 32 | 38 | 44 | 34 | 29 | 26 | |||
| Other undisclosed current assets | 41 | 60 | 46 | 39 | 44 | 49 | |||
| Total current assets: | 6,174 | 4,430 | 5,188 | 6,140 | 4,815 | 4,185 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 740 | 775 | 851 | 916 | 979 | 1,046 | |||
| Property, plant and equipment | 9,883 | 9,783 | 9,597 | 9,464 | 9,459 | 9,371 | |||
| Long-term investments and receivables | 112 | 108 | 111 | 115 | 114 | 171 | |||
| Due from related parties | ✕ | ✕ | ✕ | 60 | |||||
| Long-term investments | 112 | 108 | 111 | 115 | 114 | 112 | |||
| Intangible assets, net (including goodwill), including: | 125 | 130 | 135 | 138 | 143 | 148 | |||
| Goodwill | 42 | 42 | 42 | 42 | 42 | 42 | |||
| Intangible assets, net (excluding goodwill) | 16 | 19 | 21 | 21 | 25 | 31 | |||
| Other undisclosed intangible assets, net (including goodwill) | 67 | 70 | 71 | 75 | 76 | 76 | |||
| Deferred income tax assets | 311 | 256 | 237 | 316 | 230 | 184 | |||
| Other noncurrent assets | 224 | 121 | 95 | 110 | 81 | 71 | |||
| Other undisclosed noncurrent assets | 1,146 | 1,122 | 1,064 | 1,098 | 1,125 | 1,230 | |||
| Total noncurrent assets: | 12,539 | 12,296 | 12,090 | 12,158 | 12,131 | 12,223 | |||
| TOTAL ASSETS: | 18,714 | 16,725 | 17,277 | 18,298 | 16,947 | 16,407 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,386 | 1,065 | 893 | 1,523 | 1,034 | 811 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 99 | 99 | 96 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 833 | 341 | 116 | ||
| Accounts payable | 615 | 653 | 658 | 592 | 595 | 598 | |||
| Accrued liabilities | 770 | 412 | 235 | ||||||
| Debt | 500 | 300 | 468 | ||||||
| Other liabilities | 29 | 28 | 32 | 23 | |||||
| Due to related parties | ✕ | ✕ | ✕ | 120 | 103 | 104 | 86 | ||
| Other undisclosed current liabilities | 363 | 324 | 193 | 296 | 214 | 89 | |||
| Total current liabilities: | 2,248 | 1,389 | 1,236 | 2,250 | 1,385 | 1,477 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,759 | 6,255 | 6,251 | 7,090 | 7,453 | 7,519 | |||
| Long-term debt, excluding current maturities | 5,759 | 6,255 | 6,251 | 6,248 | 6,544 | 6,541 | |||
| Liabilities, other than long-term debt | 1,469 | 1,601 | 1,644 | 750 | 833 | 554 | |||
| Asset retirement obligations | 546 | 613 | 585 | 563 | 545 | 262 | |||
| Deferred income tax liabilities | 125 | 132 | 161 | 118 | 159 | 178 | |||
| Liability for uncertainty in income taxes | 105 | 93 | 41 | 1 | |||||
| Other liabilities | 36 | 66 | 82 | 68 | 129 | 113 | |||
| Operating lease, liability | 658 | 697 | 774 | 842 | 908 | 978 | |||
| Other undisclosed noncurrent liabilities | 0 | ||||||||
| Total noncurrent liabilities: | 7,227 | 7,856 | 7,895 | 7,840 | 8,286 | 8,073 | |||
| Total liabilities: | 9,475 | 9,244 | 9,131 | 10,090 | 9,671 | 9,549 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 9,172 | 7,418 | 8,084 | 8,149 | 7,225 | 6,810 | |||
| Common stock | 9 | 9 | 9 | 9 | 9 | 9 | |||
| Treasury stock, value | (2,701) | (3,149) | (3,108) | (3,074) | (3,064) | (3,049) | |||
| Additional paid in capital | 5,026 | 3,533 | 3,490 | 3,454 | 3,442 | 3,425 | |||
| Accumulated other comprehensive loss | (2) | (8) | (9) | (9) | (8) | (10) | |||
| Retained earnings | 6,840 | 7,034 | 7,702 | 7,770 | 6,846 | 6,436 | |||
| Other undisclosed equity, attributable to parent | 0 | ||||||||
| Equity, attributable to noncontrolling interest | 67 | 63 | 63 | 59 | 51 | 48 | |||
| Other undisclosed equity | (0) | ||||||||
| Total equity: | 9,238 | 7,481 | 8,147 | 8,208 | 7,276 | 6,858 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,714 | 16,725 | 17,277 | 18,298 | 16,947 | 16,407 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 11,433 | 9,896 | 10,048 | 10,934 | 7,985 | 7,286 | ||
| Cost of revenue | (4,841) | (4,688) | (4,649) | (3,894) | (3,930) | (3,606) | ||
| Other undisclosed gross profit | (764) | |||||||
| Gross profit: | 6,592 | 5,208 | 5,399 | 7,040 | 4,055 | 2,915 | ||
| Operating expenses | (191) | (182) | (167) | (169) | (159) | (162) | ||
| Other undisclosed operating loss | (846) | (834) | (796) | (806) | (776) | |||
| Operating income: | 5,555 | 4,192 | 4,436 | 6,065 | 3,121 | 2,753 | ||
| Nonoperating income (expense) | 137 | 90 | 152 | (11) | (8) | 14 | ||
| Investment income, nonoperating | 131 | 87 | 35 | 7 | 19 | 21 | ||
| Other nonoperating income (expense) | 6 | 4 | 117 | (18) | (28) | (7) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (334) | (327) | (340) | (357) | (367) | (341) | ||
| Income from continuing operations before equity method investments, income taxes: | 5,357 | 3,956 | 4,248 | 5,697 | 2,746 | 2,427 | ||
| Income (loss) from equity method investments | 6 | (2) | (4) | 14 | 6 | 11 | ||
| Income from continuing operations before income taxes: | 5,364 | 3,954 | 4,244 | 5,710 | 2,752 | 2,437 | ||
| Income tax expense (benefit) | (1,519) | (1,596) | (2,299) | (1,174) | (945) | |||
| Income from continuing operations: | 5,364 | 2,435 | 2,648 | 3,411 | 1,578 | 1,492 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 3,411 | 1,578 | 1,492 | |
| Other undisclosed net loss | (1,975) | |||||||
| Net income: | 3,389 | 2,435 | 2,648 | 3,411 | 1,578 | 1,492 | ||
| Net loss attributable to noncontrolling interest | (12) | (10) | (10) | (14) | (7) | (6) | ||
| Net income attributable to parent: | 3,377 | 2,425 | 2,639 | 3,397 | 1,570 | 1,486 | ||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net income available to common stockholders, diluted: | 3,377 | 2,425 | 2,639 | 3,397 | 1,570 | 1,486 | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 3,389 | 2,435 | 2,648 | 3,411 | 1,578 | 1,492 | ||
| Other comprehensive income (loss) | 6 | 1 | 0 | (1) | 2 | (8) | ||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income: | 3,394 | 2,436 | 2,648 | 3,410 | 1,580 | 1,484 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (12) | (10) | (10) | (14) | (7) | (6) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income, net of tax, attributable to parent: | 3,383 | 2,426 | 2,639 | 3,396 | 1,572 | 1,478 | ||
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.