SCCO FY 2011 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2011 Earnings

Reported February 27, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$6.8B	—	$5.1B	—	32.4%
Op. Income	$3.6B	—	$2.6B	—	39.2%
Gross Margin	54.7%	—	52.3%	—	2.4pp
Net Margin	34.3%	—	30.2%	—	4.1pp
EPS (Diluted)	$2.73	—	$1.81	—	50.8%
Free Cash Flow	$1.4B	—	$1.5B	—	-4.5%

Revenue Flow

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$3.1B
GROSS PROFIT	$3.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$104M
Other Expenses	$0
Operating Expenses	$104M
Cost & Expenses	$3.2B
OPERATING INCOME	$3.6B
Interest Income	$14M
Interest Expense	$186M
Other Income/Expenses	-$177M
INCOME BEFORE TAX	$3.4B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.3B
D&A	$288M
EBIT	$3.6B
EBITDA	$3.9B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$3.1B
GROSS PROFIT	$3.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$104M
Other Expenses	$0
Operating Expenses	$104M
Cost & Expenses	$3.2B
OPERATING INCOME	$3.6B
Interest Income	$14M
Interest Expense	$186M
Other Income/Expenses	-$177M
INCOME BEFORE TAX	$3.4B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.3B
D&A	$288M
EBIT	$3.6B
EBITDA	$3.9B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.3B
Depreciation & Amortization	$288M
Stock-Based Compensation	$0
Deferred Income Tax	-$118M
Other Non-Cash Items	-$141M
Change in Working Capital	-$422M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$646M
Acquisitions (Net)	-$33M
Purchases of Investments	-$450M
Sales/Maturities of Investments	$83M
Other Investing Activities	-$37M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	-$15M
Common Stock Repurchased	-$274M
Common Dividends Paid	-$2.1B
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$2.4B
FREE CASH FLOW	$1.4B
Net Change in Cash	-$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$848M
Short-Term Investments	$522M
Net Receivables	$884M
Inventory	$652M
Other Current Assets	$196M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$4.4B
Goodwill	$17M
Intangible Assets	$216M
Long-Term Investments	$0
Tax Assets	$145M
Other Non-Current Assets	$292M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$8.1B
Account Payables	$443M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$955M
Long-Term Debt	$2.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$175M
Other Non-Current Liabilities	$111M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$4.0B
Common Stock	$9M
Additional Paid-In Capital	$1.0B
Retained Earnings	$3.9B
Treasury Stock	-$898M
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.0B
Minority Interest	$21M
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$2.7B
Net Debt	$1.9B