Southern Copper Corporation (SCCO) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 3,2112,9402,6832,594
Cash and cash equivalents 2,5842,3942,2672,184
Short-term investments 627546416411
Receivables 1,5281,4631,2791,092
Inventory, net of allowances, customer advances and progress billings 913894881950
Inventory 913894881950
Prepaid expense 134126124105
Other current assets 54452429
Other undisclosed current assets 52434644
Total current assets: 5,8915,5125,0364,815
Noncurrent Assets
Operating lease, right-of-use asset 927944962979
Property, plant and equipment 9,4769,4569,4549,459
Long-term investments and receivables 121123118114
Long-term investments 121123118114
Intangible assets, net (including goodwill), including: 139140142143
Goodwill    42
Intangible assets, net (excluding goodwill)    25
Other undisclosed intangible assets, net (including goodwill) 13914014276
Deferred income tax assets 287235254230
Other noncurrent assets 1001059581
Other undisclosed noncurrent assets 1,1711,1801,1561,125
Total noncurrent assets: 12,22012,18412,18212,131
TOTAL ASSETS: 18,11017,69517,21816,947
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,3971,1209651,034
Accounts payable 611561549595
Taxes payable 655461284341
Interest and dividends payable 1319913199
Due to related parties 11390107104
Other liabilities 40443932
Other undisclosed current liabilities 240198264214
Total current liabilities: 1,7891,4521,3751,385
Noncurrent Liabilities
Long-term debt and lease obligation 7,4017,4187,4367,453
Long-term debt, excluding current maturities 6,5476,5466,5456,544
Operating lease, liability 854872891908
Liabilities, other than long-term debt 767852829833
Asset retirement obligations 560555551545
Deferred income tax liabilities 118169144159
Other liabilities 89128134129
Total noncurrent liabilities: 8,1688,2718,2658,286
Total liabilities: 9,9579,7239,6409,671
Stockholders' equity
Stockholders' equity attributable to parent 8,0967,9187,5257,225
Common stock 9999
Treasury stock, value (3,081)(3,076)(3,061)(3,064)
Additional paid in capital 3,4603,4553,4403,442
Accumulated other comprehensive loss (2)(8)(8)(8)
Retained earnings 7,7107,5387,1466,846
Stockholders' equity attributable to noncontrolling interest 57555351
Total stockholders' equity: 8,1537,9737,5787,276
TOTAL LIABILITIES AND EQUITY: 18,11017,69517,21816,947

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Revenues(8,110)2,6812,8972,5332,351
Cost of revenue (928)(986)(944)(1,049)
Gross profit: 1,7531,9121,5891,302
Operating expenses (42)(41)(37)(43)
Other undisclosed operating loss (203)(195)(201)(193)
Operating income: 1,5081,6751,3521,066
Nonoperating income (expense) (0)(7)5(1)
Investment income, nonoperating 2124
Other nonoperating income (expense) (2)(8)2(5)
Other undisclosed loss from continuing operations before equity method investments, income taxes (89)(89)(90)(89)
Income from continuing operations before equity method investments, income taxes: 1,4191,5791,267977
Income from equity method investments 1585
Income from continuing operations before income taxes: 1,4201,5841,275982
Income tax expense (549)(648)(508)(390)
Net income: 871936767593
Net loss attributable to noncontrolling interest (4)(4)(3)(3)
Net income available to common stockholders, diluted: 868933764590

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Net income: 871936767593
Other comprehensive income 6   
Other undisclosed comprehensive income    2
Comprehensive income: 878936767594
Comprehensive loss, net of tax, attributable to noncontrolling interest (4)(4)(3)(3)
Comprehensive income, net of tax, attributable to parent: 874933764592

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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