SCCO FY 2010 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2010 Earnings

Reported February 28, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$5.1B	—	$3.7B	—	37.9%
Op. Income	$2.6B	—	$1.5B	—	75.9%
Gross Margin	52.3%	—	41.9%	—	10.4pp
Net Margin	30.2%	—	24.9%	—	5.3pp
EPS (Diluted)	$1.81	—	$1.08	—	67.6%
Free Cash Flow	$1.5B	—	$548M	—	171.8%

Revenue Flow

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$2.5B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$88M
Other Expenses	$0
Operating Expenses	$88M
Cost & Expenses	$2.5B
OPERATING INCOME	$2.6B
Interest Income	$8M
Interest Expense	$160M
Other Income/Expenses	-$173M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$868M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$323M
EBIT	$2.6B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$2.5B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$88M
Other Expenses	$0
Operating Expenses	$88M
Cost & Expenses	$2.5B
OPERATING INCOME	$2.6B
Interest Income	$8M
Interest Expense	$160M
Other Income/Expenses	-$173M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$868M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$323M
EBIT	$2.6B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$323M
Stock-Based Compensation	$0
Deferred Income Tax	-$40M
Other Non-Cash Items	-$28M
Change in Working Capital	$41M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$409M
Acquisitions (Net)	-$15M
Purchases of Investments	-$52M
Sales/Maturities of Investments	$15M
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$452M
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$500.0K
Common Dividends Paid	-$1.4B
Other Financing Activities	-$15M
NET CASH FROM FINANCING	$37M
FREE CASH FLOW	$1.5B
Net Change in Cash	$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.2B
Short-Term Investments	$76M
Net Receivables	$748M
Inventory	$505M
Other Current Assets	$181M
TOTAL CURRENT ASSETS	$3.7B
PP&E (Net)	$4.1B
Goodwill	$17M
Intangible Assets	$161M
Long-Term Investments	$0
Tax Assets	$44M
Other Non-Current Assets	$138M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$8.2B
Account Payables	$559M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$77M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$2.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$206M
Other Non-Current Liabilities	$238M
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$4.3B
Common Stock	$9M
Additional Paid-In Capital	$1.0B
Retained Earnings	$3.6B
Treasury Stock	-$623M
Accum. Other Comp. Income	-$126M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.9B
Minority Interest	$20M
TOTAL EQUITY	$3.9B
TOTAL LIABILITIES & EQUITY	$8.2B
Total Debt	$2.8B
Net Debt	$568M