SCCO FY 2014 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$5.8B	—	$6.0B	—	-2.8%
Op. Income	$2.2B	—	$2.5B	—	-11.8%
Gross Margin	41.9%	—	44.3%	—	-2.3pp
Net Margin	23.0%	—	27.2%	—	-4.2pp
EPS (Diluted)	$1.61	—	$1.92	—	-16.1%
Free Cash Flow	-$175M	—	$164M	—	-206.9%

Revenue Flow

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$3.4B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$103M
Other Expenses	$91M
Operating Expenses	$195M
Cost & Expenses	$3.6B
OPERATING INCOME	$2.2B
Interest Income	$15M
Interest Expense	$139M
Other Income/Expenses	-$140M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$755M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$445M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$3.4B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$103M
Other Expenses	$91M
Operating Expenses	$195M
Cost & Expenses	$3.6B
OPERATING INCOME	$2.2B
Interest Income	$15M
Interest Expense	$139M
Other Income/Expenses	-$140M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$755M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$445M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$445M
Stock-Based Compensation	$600.0K
Deferred Income Tax	-$234M
Other Non-Cash Items	-$60M
Change in Working Capital	-$130M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$1.5B
Acquisitions (Net)	-$311M
Purchases of Investments	-$130M
Sales/Maturities of Investments	$306M
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$0
Common Stock Repurchased	-$683M
Common Dividends Paid	-$381M
Other Financing Activities	-$800.0K
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	-$175M
Net Change in Cash	-$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$402M
Short-Term Investments	$339M
Net Receivables	$622M
Inventory	$766M
Other Current Assets	$102M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$7.4B
Goodwill	$17M
Intangible Assets	$93M
Long-Term Investments	$67M
Tax Assets	$541M
Other Non-Current Assets	$868M
TOTAL NON-CURRENT ASSETS	$9.0B
TOTAL ASSETS	$11.3B
Account Payables	$547M
Short-Term Debt	$200M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$4.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$91M
Other Non-Current Liabilities	$288M
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$5.5B
Common Stock	$9M
Additional Paid-In Capital	$3.3B
Retained Earnings	$4.3B
Treasury Stock	-$1.9B
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$32M
TOTAL EQUITY	$5.8B
TOTAL LIABILITIES & EQUITY	$11.3B
Total Debt	$4.2B
Net Debt	$3.8B