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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,594 1,0581,055597878
Cash and cash equivalents2,184 8451,005546275
Short-term investments411 2145151604
Receivables1,092 924917615464
Inventory, net of allowances, customer advances and progress billings950 1,0331,0421,010857
Inventory950 1,0331,0421,010857
Prepaid expense105 8786249166
Other current assets29 29113728
Other undisclosed current assets44 49605791
Total current assets:4,815 3,1803,1702,5662,484
Noncurrent Assets
Operating lease, right-of-use asset979 
Property, plant and equipment9,459 9,4049,1008,7678,263
Long-term investments and receivables114 10410088187
Long-term investments114 1041008876
Due from related parties     111
Intangible assets, net (including goodwill), including:143 148153154155
Goodwill42 42424241
Intangible assets, net (excluding goodwill)25 252628114
Other undisclosed intangible assets, net (including goodwill)76 818584 
Deferred income tax assets230 
Other noncurrent assets81 71116126137
Other undisclosed noncurrent assets1,125 1,5781,1421,5341,367
Total noncurrent assets:12,131 11,30510,61010,66810,109
TOTAL ASSETS:16,947 14,48513,78013,23412,593
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,034 990970855773
Accounts payable595 673660584647
Taxes payable341 23322618539
Interest and dividends payable99 84848687
Due to related parties104 75906269
Other liabilities32 20211922
Other undisclosed current liabilities214 131876356
Total current liabilities:1,385 1,2161,168999920
Noncurrent Liabilities
Long-term debt and lease obligation7,453 5,9605,9575,9545,952
Long-term debt, excluding current maturities6,544 5,9605,9575,9545,952
Operating lease, liability908 
Liabilities, other than long-term debt833 696505410422
Asset retirement obligations545 218223217191
Deferred tax liabilities, net20339163196
Deferred income tax liabilities159 
Liability for uncertainty in income taxes  207207  
Other liabilities129 68373135
Total noncurrent liabilities:8,286 6,6566,4626,3646,374
Total liabilities:9,671 7,8727,6317,3637,294
Stockholders' equity
Stockholders' equity attributable to parent7,225 6,5676,1085,8325,263
Common stock9 9999
Treasury stock, value(3,064) (3,020)(3,001)(2,988)(2,909)
Additional paid in capital3,442 3,3943,3733,3583,350
Accumulated other comprehensive income (loss)(8) (2)1(2)1
Retained earnings6,846 6,1875,7265,4554,812
Stockholders' equity attributable to noncontrolling interest51 45423936
Total stockholders' equity:7,276 6,6136,1495,8715,299
TOTAL LIABILITIES AND EQUITY:16,947 14,48513,78013,23412,593

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7,985 7,0976,6555,3805,046
Revenue, net6,6555,3805,046
Cost of revenue(3,930) (3,409)(3,253)(3,034)(2,928)
Other undisclosed gross profit  (674)(671)(647)(511)
Gross profit:4,055 3,0132,7311,6991,608
Operating expenses(159) (132)(83)(94)(144)
Other undisclosed operating loss(776)  (29)(40)(49)
Operating income:3,121 2,8812,6191,5641,414
Nonoperating expense(8) (15)(10)(18)(14)
Investment income, nonoperating19 166711
Other nonoperating expense(28) (31)(16)(25)(25)
Other undisclosed loss from continuing operations before equity method investments, income taxes(367) (277)(306)(291)(211)
Income from continuing operations before equity method investments, income taxes:2,746 2,5892,3031,2561,189
Income from equity method investments6 122324 
Income from continuing operations before income taxes:2,752 2,6022,3261,2801,189
Income tax expense(1,174) (1,054)(1,593)(501)(465)
Income before gain (loss) on sale of properties:1,578 1,548732779724
Other undisclosed net income     17
Net income:1,578 1,548732779741
Net loss attributable to noncontrolling interest(7) (5)(4)(2)(5)
Net income available to common stockholders, diluted:1,570 1,543729777736

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,578 1,548732779741
Other comprehensive income (loss)2 (3)3(4)(4)
Comprehensive income:1,580 1,545735775737
Comprehensive loss, net of tax, attributable to noncontrolling interest(7) (5)(4)(2)(5)
Comprehensive income, net of tax, attributable to parent:1,572 1,540731773733

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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