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
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,594 1,058
Cash and cash equivalents 2,184 845
Short-term investments 411 214
Receivables 1,092 924
Inventory, net of allowances, customer advances and progress billings 950 1,033
Inventory 950 1,033
Prepaid expense 105 87
Other current assets 29 29
Other undisclosed current assets 44 49
Total current assets: 4,815 3,180
Noncurrent Assets
Operating lease, right-of-use asset 979 
Property, plant and equipment 9,459 9,404
Long-term investments and receivables 114 104
Long-term investments 114 104
Intangible assets, net (including goodwill), including: 143 148
Goodwill 42 42
Intangible assets, net (excluding goodwill) 25 25
Other undisclosed intangible assets, net (including goodwill) 76 81
Deferred income tax assets 230 
Other noncurrent assets 81 71
Other undisclosed noncurrent assets 1,125 1,578
Total noncurrent assets: 12,131 11,305
TOTAL ASSETS: 16,947 14,485
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,034 990
Accounts payable 595 673
Taxes payable 341 233
Interest and dividends payable 99 84
Due to related parties 104 75
Other liabilities 32 20
Other undisclosed current liabilities 214 131
Total current liabilities: 1,385 1,216
Noncurrent Liabilities
Long-term debt and lease obligation 7,453 5,960
Long-term debt, excluding current maturities 6,544 5,960
Operating lease, liability 908 
Liabilities, other than long-term debt 833 696
Asset retirement obligations 545 218
Deferred tax liabilities, net203
Deferred income tax liabilities 159 
Liability for uncertainty in income taxes   207
Other liabilities 129 68
Total noncurrent liabilities: 8,286 6,656
Total liabilities: 9,671 7,872
Stockholders' equity
Stockholders' equity attributable to parent 7,225 6,567
Common stock 9 9
Treasury stock, value (3,064) (3,020)
Additional paid in capital 3,442 3,394
Accumulated other comprehensive loss (8) (2)
Retained earnings 6,846 6,187
Stockholders' equity attributable to noncontrolling interest 51 45
Total stockholders' equity: 7,276 6,613
TOTAL LIABILITIES AND EQUITY: 16,947 14,485

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues 7,985 7,097
Cost of revenue (3,930) (3,409)
Other undisclosed gross profit   (674)
Gross profit: 4,055 3,013
Operating expenses (159) (132)
Other undisclosed operating loss (776)  
Operating income: 3,121 2,881
Nonoperating expense (8) (15)
Investment income, nonoperating 19 16
Other nonoperating expense (28) (31)
Other undisclosed loss from continuing operations before equity method investments, income taxes (367) (277)
Income from continuing operations before equity method investments, income taxes: 2,746 2,589
Income from equity method investments 6 12
Income from continuing operations before income taxes: 2,752 2,602
Income tax expense (1,174) (1,054)
Net income: 1,578 1,548
Net loss attributable to noncontrolling interest (7) (5)
Net income available to common stockholders, diluted: 1,570 1,543

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income: 1,578 1,548
Other comprehensive income (loss) 2 (3)
Comprehensive income: 1,580 1,545
Comprehensive loss, net of tax, attributable to noncontrolling interest (7) (5)
Comprehensive income, net of tax, attributable to parent: 1,572 1,540

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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