SCCO FY 2015 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$5.0B	—	$5.8B	—	-12.8%
Op. Income	$1.4B	—	$2.2B	—	-36.6%
Gross Margin	30.9%	—	41.9%	—	-11.1pp
Net Margin	14.6%	—	23.0%	—	-8.4pp
EPS (Diluted)	$0.93	—	$1.61	—	-42.2%
Free Cash Flow	-$270M	—	-$175M	—	-54.3%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$3.5B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$99M
Other Expenses	$45M
Operating Expenses	$144M
Cost & Expenses	$3.6B
OPERATING INCOME	$1.4B
Interest Income	$11M
Interest Expense	$211M
Other Income/Expenses	-$209M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$465M
Net Income from Continuing Ops	$741M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$736M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$736M
D&A	$511M
EBIT	$1.4B
EBITDA	$1.9B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$3.5B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$99M
Other Expenses	$45M
Operating Expenses	$144M
Cost & Expenses	$3.6B
OPERATING INCOME	$1.4B
Interest Income	$11M
Interest Expense	$211M
Other Income/Expenses	-$209M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$465M
Net Income from Continuing Ops	$741M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$736M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$736M
D&A	$511M
EBIT	$1.4B
EBITDA	$1.9B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$741M
Depreciation & Amortization	$511M
Stock-Based Compensation	$1M
Deferred Income Tax	-$153M
Other Non-Cash Items	-$9M
Change in Working Capital	-$210M
OPERATING CASH FLOW	$880M
Capital Expenditure	-$1.1B
Acquisitions (Net)	-$100M
Purchases of Investments	-$265M
Sales/Maturities of Investments	$692M
Other Investing Activities	-$638M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$1.8B
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$271M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	$492M
FREE CASH FLOW	-$270M
Net Change in Cash	-$90M

Balance Sheet

Item	Amount
Cash & Equivalents	$275M
Short-Term Investments	$604M
Net Receivables	$551M
Inventory	$857M
Other Current Assets	$32M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$8.3B
Goodwill	$41M
Intangible Assets	$114M
Long-Term Investments	$76M
Tax Assets	$614M
Other Non-Current Assets	$1.0B
TOTAL NON-CURRENT ASSETS	$10.1B
TOTAL ASSETS	$12.5B
Account Payables	$647M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$4M
TOTAL CURRENT LIABILITIES	$917M
Long-Term Debt	$6.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$171M
Other Non-Current Liabilities	$422M
TOTAL NON-CURRENT LIABILITIES	$6.3B
TOTAL LIABILITIES	$7.2B
Common Stock	$9M
Additional Paid-In Capital	$3.3B
Retained Earnings	$4.8B
Treasury Stock	-$2.9B
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.3B
Minority Interest	$36M
TOTAL EQUITY	$5.3B
TOTAL LIABILITIES & EQUITY	$12.5B
Total Debt	$6.0B
Net Debt	$5.7B