SCCO FY 2012 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$6.7B	—	$6.8B	—	-2.2%
Op. Income	$3.4B	—	$3.6B	—	-5.5%
Gross Margin	52.9%	—	54.7%	—	-1.8pp
Net Margin	29.0%	—	34.3%	—	-5.3pp
EPS (Diluted)	$2.28	—	$2.73	—	-16.5%
Free Cash Flow	$947M	—	$1.4B	—	-33.5%

Revenue Flow

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$3.1B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$101M
Other Expenses	$0
Operating Expenses	$101M
Cost & Expenses	$3.2B
OPERATING INCOME	$3.4B
Interest Income	$15M
Interest Expense	$172M
Other Income/Expenses	-$403M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$326M
EBIT	$3.1B
EBITDA	$3.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$3.1B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$101M
Other Expenses	$0
Operating Expenses	$101M
Cost & Expenses	$3.2B
OPERATING INCOME	$3.4B
Interest Income	$15M
Interest Expense	$172M
Other Income/Expenses	-$403M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$326M
EBIT	$3.1B
EBITDA	$3.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$326M
Stock-Based Compensation	$3M
Deferred Income Tax	$56M
Other Non-Cash Items	-$272M
Change in Working Capital	$3M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$152M
Purchases of Investments	-$152M
Sales/Maturities of Investments	$388M
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$663M
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$147M
Common Dividends Paid	-$3.1B
Other Financing Activities	$2.1B
NET CASH FROM FINANCING	$278M
FREE CASH FLOW	$947M
Net Change in Cash	$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.5B
Short-Term Investments	$134M
Net Receivables	$752M
Inventory	$683M
Other Current Assets	$342M
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$5.2B
Goodwill	$17M
Intangible Assets	$92M
Long-Term Investments	$47M
Tax Assets	$206M
Other Non-Current Assets	$563M
TOTAL NON-CURRENT ASSETS	$6.1B
TOTAL ASSETS	$10.4B
Account Payables	$476M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	-$35.0K
TOTAL CURRENT LIABILITIES	$857M
Long-Term Debt	$4.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$141M
Other Non-Current Liabilities	$392M
TOTAL NON-CURRENT LIABILITIES	$4.7B
TOTAL LIABILITIES	$5.6B
Common Stock	$9M
Additional Paid-In Capital	$3.3B
Retained Earnings	$2.4B
Treasury Stock	-$919M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.8B
Minority Interest	$24M
TOTAL EQUITY	$4.8B
TOTAL LIABILITIES & EQUITY	$10.4B
Total Debt	$4.2B
Net Debt	$1.8B