SCCO FY 2013 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2013 Earnings

Reported February 27, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$6.0B	—	$6.7B	—	-10.7%
Op. Income	$2.5B	—	$3.4B	—	-26.1%
Gross Margin	44.3%	—	52.9%	—	-8.6pp
Net Margin	27.2%	—	29.0%	—	-1.8pp
EPS (Diluted)	$1.92	—	$2.28	—	-15.8%
Free Cash Flow	$164M	—	$947M	—	-82.7%

Revenue Flow

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$3.3B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$103M
SG&A Expenses	$103M
Other Expenses	$0
Operating Expenses	$103M
Cost & Expenses	$3.4B
OPERATING INCOME	$2.5B
Interest Income	$20M
Interest Expense	$197M
Other Income/Expenses	-$139M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$769M
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	$396M
EBIT	$2.6B
EBITDA	$3.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$3.3B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$103M
SG&A Expenses	$103M
Other Expenses	$0
Operating Expenses	$103M
Cost & Expenses	$3.4B
OPERATING INCOME	$2.5B
Interest Income	$20M
Interest Expense	$197M
Other Income/Expenses	-$139M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$769M
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	$396M
EBIT	$2.6B
EBITDA	$3.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$396M
Stock-Based Compensation	$600.0K
Deferred Income Tax	-$97M
Other Non-Cash Items	-$94M
Change in Working Capital	-$59M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$1.7B
Acquisitions (Net)	$0
Purchases of Investments	-$74M
Sales/Maturities of Investments	$0
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	-$10M
Common Stock Repurchased	-$281M
Common Dividends Paid	-$574M
Other Financing Activities	-$129.0K
NET CASH FROM FINANCING	-$860M
FREE CASH FLOW	$164M
Net Change in Cash	-$787M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$208M
Net Receivables	$598M
Inventory	$694M
Other Current Assets	$308M
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$6.5B
Goodwill	$17M
Intangible Assets	$93M
Long-Term Investments	$57M
Tax Assets	$181M
Other Non-Current Assets	$756M
TOTAL NON-CURRENT ASSETS	$7.6B
TOTAL ASSETS	$11.1B
Account Payables	$493M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$84.0K
TOTAL CURRENT LIABILITIES	$784M
Long-Term Debt	$4.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$164M
Other Non-Current Liabilities	$201M
TOTAL NON-CURRENT LIABILITIES	$4.8B
TOTAL LIABILITIES	$5.6B
Common Stock	$9M
Additional Paid-In Capital	$3.3B
Retained Earnings	$3.4B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.5B
Minority Interest	$28M
TOTAL EQUITY	$5.6B
TOTAL LIABILITIES & EQUITY	$11.1B
Total Debt	$4.2B
Net Debt	$2.5B