Southern Copper Corporation (SCCO) financial statements (2021 and earlier)

Company profile

Business Address 1440 E. MISSOURI AVENUE
PHOENIX, AZ 85014
State of Incorp. DE
Fiscal Year End December 31
SIC 10 - Metal Mining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0061,9378719511,0581,2041,083
Cash and cash equivalents1,9251,9357527378459671,033
Short-term investments81211921421423751
Receivables863864878975924869889
Inventory, net of allowances, customer advances and progress billings1,0691,0621,0691,0361,0331,0081,004
Inventory1,0691,0621,0691,0361,0331,0081,004
Prepaid expense172212195130878889
Other current assets26482831293130
Other undisclosed current assets49545861497474
Total current assets:4,1854,1783,0983,1823,1803,2733,170
Noncurrent Assets
Operating lease, right-of-use asset1,0461,0621,076 
Property, plant and equipment9,3719,3959,4159,3849,4049,3129,173
Long-term investments and receivables171168103105104104100
Long-term investments112108103105104104100
Due from related parties6060     
Intangible assets, net (including goodwill), including:148152148147148151152
Goodwill42   42  
Intangible assets, net (excluding goodwill)31   25  
Other undisclosed intangible assets, net (including goodwill)7615214814781151152
Deferred income tax assets184221209 
Other noncurrent assets7194908371153167
Other undisclosed noncurrent assets1,2301,2251,2062,6421,5781,3241,285
Total noncurrent assets:12,22312,31712,24712,36011,30511,04410,876
TOTAL ASSETS:16,40716,49415,34515,54314,48514,31714,046
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8117897878389901,009858
Accounts payable598575631587673689621
Taxes payable1168173118233188153
Interest and dividends payable96134841338413384
Debt468467464    
Due to related parties86786766758059
Other liabilities23353631203433
Other undisclosed current liabilities8964321881318557
Total current liabilities:1,4771,4321,3851,1231,2161,2081,006
Noncurrent Liabilities
Long-term debt and lease obligation7,5197,5356,5745,9615,9605,9595,959
Long-term debt, excluding current maturities6,5416,5405,5625,9615,9605,9595,959
Operating lease, liability9789951,012 
Liabilities, other than long-term debt554657597532696519512
Asset retirement obligations262252249249218216213
Deferred tax liabilities, net2033837
Deferred income tax liabilities178205210 
Liability for uncertainty in income taxes16363207207207207
Other liabilities1131387577685855
Other undisclosed noncurrent liabilities   1,233   
Total noncurrent liabilities:8,0738,1927,1717,7266,6566,4786,471
Total liabilities:9,5499,6248,5568,8507,8727,6867,477
Stockholders' equity
Stockholders' equity attributable to parent6,8106,8216,7406,6476,5676,5866,526
Common stock9999999
Treasury stock, value(3,049)(3,040)(3,032)(3,026)(3,020)(3,018)(3,009)
Additional paid in capital3,4253,4163,4083,4003,3943,3923,383
Accumulated other comprehensive income (loss)(10)(2)(2)(2)(2)11
Retained earnings6,4366,4396,3596,2666,1876,2036,143
Stockholders' equity attributable to noncontrolling interest48494846454443
Total stockholders' equity:6,8586,8706,7896,6936,6136,6316,569
TOTAL LIABILITIES AND EQUITY:16,40716,49415,34515,54314,48514,31714,046

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1,8551,8601,8181,7531,6951,7241,837
Cost of revenue(989)(907)(867)(844)(857)(824)(852)
Other undisclosed gross profit(764)   (674)  
Gross profit:102953951909164900986
Operating expenses(51)(39)(38)(34)(35)(32)(35)
Other undisclosed operating income (loss)581(200)(199)(182)495(171)(163)
Operating income:632714714694624697788
Nonoperating income (expense)(21)(1)279(11)(3)(0)
Investment income, nonoperating8544643
Other nonoperating income (expense)(29)(6)235(18)(8)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes(95)(84)(84)(78)(70)(69)(69)
Income from continuing operations before equity method investments, income taxes:516629657625542624719
Income (loss) from equity method investments74(2)2242
Income from continuing operations before income taxes:522632656627544629720
Income tax expense(215)(241)(251)(238)(250)(258)(309)
Net income:307391404389295371411
Net loss attributable to noncontrolling interest(1)(2)(2)(1)(1)(1)(2)
Net income available to common stockholders, diluted:306390402388293369410

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:307391404389295371411
Other undisclosed comprehensive loss(8)   (3)  
Comprehensive income:299391404389292371411
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(2)(2)(1)(1)(1)(2)
Comprehensive income, net of tax, attributable to parent:298390402388290369410

Statements sources

The financial statements are based on the company's filings with the 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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