SCCO FY 2006 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2006 Earnings

Reported March 1, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$5.5B	—	—	—	—
Op. Income	$3.1B	—	—	—	—
Gross Margin	57.6%	—	—	—	—
Net Margin	37.3%	—	—	—	—
EPS (Diluted)	$2.28	—	—	—	—
Free Cash Flow	$1.6B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$2.3B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$88M
Other Expenses	$0
Operating Expenses	$88M
Cost & Expenses	$2.4B
OPERATING INCOME	$3.1B
Interest Income	$50M
Interest Expense	$86M
Other Income/Expenses	-$48M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$959M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.0B
D&A	$275M
EBIT	$3.1B
EBITDA	$3.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$2.3B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$88M
Other Expenses	$0
Operating Expenses	$88M
Cost & Expenses	$2.4B
OPERATING INCOME	$3.1B
Interest Income	$50M
Interest Expense	$86M
Other Income/Expenses	-$48M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$959M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.0B
D&A	$275M
EBIT	$3.1B
EBITDA	$3.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.0B
Depreciation & Amortization	$275M
Stock-Based Compensation	$0
Deferred Income Tax	-$34M
Other Non-Cash Items	$12M
Change in Working Capital	-$178M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$456M
Acquisitions (Net)	$0
Purchases of Investments	-$280M
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$725M
Net Debt Issuance	$356M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.5B
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.6B
Net Change in Cash	$147M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$280M
Net Receivables	$606M
Inventory	$414M
Other Current Assets	$120M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$3.5B
Goodwill	$0
Intangible Assets	$118M
Long-Term Investments	$0
Tax Assets	$15M
Other Non-Current Assets	$263M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$6.4B
Account Payables	$271M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$41M
TOTAL CURRENT LIABILITIES	$860M
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$195M
Other Non-Current Liabilities	$123M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.7B
Common Stock	$3M
Additional Paid-In Capital	$773M
Retained Earnings	$3.0B
Treasury Stock	-$97M
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$14M
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$6.4B
Total Debt	$1.5B
Net Debt	$505M