Southern Copper Corporation (SCCO) Financial Statements (2024 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)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2041,5821,7512,2142,1992,440
Cash and cash equivalents1,8751,2521,1521,9672,1992,300
Short-term investments3293295992470141
Receivables1,6391,3171,1681,1561,0891,276
Inventory, net of allowances, customer advances and progress billings1,0171,0141,017976985982
Inventory1,0171,0141,017976985982
Prepaid expense381411395304386393
Other current assets273938444256
Other undisclosed current assets657860566850
Total current assets:5,3344,4414,4304,7484,7705,198
Noncurrent Assets
Operating lease, right-of-use asset745757775787814833
Property, plant and equipment9,8729,7839,7839,7319,6889,614
Long-term investments and receivables115114108100100104
Long-term investments115114108100100104
Intangible assets, net (including goodwill), including:127129130131132135
Goodwill   42   
Intangible assets, net (excluding goodwill)   19   
Other undisclosed intangible assets, net (including goodwill)12712970131132135
Deferred income tax assets269253256257236261
Other noncurrent assets170180121122123113
Other undisclosed noncurrent assets1,1461,1331,1221,0901,0771,067
Total noncurrent assets:12,44412,34912,29612,21712,17012,126
TOTAL ASSETS:17,77816,78916,72516,96516,94017,323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1631,0711,0651,012846890
Accounts payable647749653619610663
Accrued liabilities515322412394235228
Debt500     
Other liabilities      44
Due to related parties116
Other undisclosed current liabilities236270324272215196
Total current liabilities:1,8981,3401,3891,2841,0611,247
Noncurrent Liabilities
Long-term debt and lease obligation5,7576,2566,2556,2546,2536,252
Long-term debt, excluding current maturities5,7576,2566,2556,2546,2536,252
Liabilities, other than long-term debt1,5621,5881,6011,6191,6631,636
Asset retirement obligations619618613604598592
Deferred income tax liabilities159150132145191172
Liability for uncertainty in income taxes818493825249
Other liabilities355666738467
Operating lease, liability669680697715739757
Total noncurrent liabilities:7,3197,8437,8567,8737,9167,888
Total liabilities:9,2189,1839,2449,1578,9779,135
Equity
Equity, attributable to parent, including:8,4937,5427,4187,7457,9008,125
Common stock999999
Treasury stock, value(2,946)(3,157)(3,149)(3,131)(3,132)(3,115)
Additional paid in capital4,2573,5413,5333,5153,5153,498
Accumulated other comprehensive loss(8)(8)(8)(9)(9)(9)
Retained earnings7,1817,1577,0347,3627,5177,742
Other undisclosed equity, attributable to parent0     
Equity, attributable to noncontrolling interest686463636364
Total equity:8,5607,6067,4817,8087,9638,188
TOTAL LIABILITIES AND EQUITY:17,77816,78916,72516,96516,94017,323

Income Statement (P&L) ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues3,1182,6002,2962,5062,3012,794
Cost of revenue(1,249)(1,158)(1,170)(1,176)(1,148)(1,194)
Gross profit:1,8691,4421,1261,3301,1531,600
Operating expenses(53)(44)(49)(48)(43)(42)
Other undisclosed operating loss(210)(209)(208)(213)(209)(204)
Operating income:1,6071,1908691,0699011,354
Nonoperating income1546 302932
Investment income, nonoperating272721212321
Gain (loss), foreign currency transaction, before tax8     
Other nonoperating income (expense)(20)19(21)9611
Other undisclosed loss from continuing operations before equity method investments, income taxes(91)(81)(81)(82)(82)(83)
Income from continuing operations before equity method investments, income taxes:1,5311,1567881,0178481,303
Income (loss) from equity method investments278(0)(4)(6)
Income from continuing operations before income taxes:1,5331,1627961,0178441,296
Income tax expense(579)(423)(349)(395)(295)(481)
Net income:954739447622550816
Net loss attributable to noncontrolling interest(4)(3)(2)(3)(2)(3)
Net income available to common stockholders, diluted:950736445620548813

Comprehensive Income ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:954739447622550816
Other undisclosed comprehensive income   1   
Comprehensive income:954739448622550816
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(3)(2)(3)(2)(3)
Comprehensive income, net of tax, attributable to parent:950736446620548813

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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