SCCO FY 2016 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2016 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$5.4B	—	$5.0B	—	6.6%
Op. Income	$1.6B	—	$1.4B	—	11.0%
Gross Margin	30.8%	—	30.9%	—	-0.1pp
Net Margin	14.4%	—	14.6%	—	-0.2pp
EPS (Diluted)	$1.00	—	$0.93	—	7.5%
Free Cash Flow	-$195M	—	-$270M	—	27.6%

Revenue Flow

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$3.7B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$87M
Other Expenses	$0
Operating Expenses	$87M
Cost & Expenses	$3.8B
OPERATING INCOME	$1.6B
Interest Income	$7M
Interest Expense	$291M
Other Income/Expenses	-$291M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$501M
Net Income from Continuing Ops	$779M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$777M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$777M
D&A	$664M
EBIT	$1.5B
EBITDA	$2.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$3.7B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$87M
Other Expenses	$0
Operating Expenses	$87M
Cost & Expenses	$3.8B
OPERATING INCOME	$1.6B
Interest Income	$7M
Interest Expense	$291M
Other Income/Expenses	-$291M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$501M
Net Income from Continuing Ops	$779M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$777M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$777M
D&A	$664M
EBIT	$1.5B
EBITDA	$2.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$779M
Depreciation & Amortization	$647M
Stock-Based Compensation	$1M
Deferred Income Tax	-$117M
Other Non-Cash Items	$8M
Change in Working Capital	-$394M
OPERATING CASH FLOW	$923M
Capital Expenditure	-$1.1B
Acquisitions (Net)	$130M
Purchases of Investments	-$130M
Sales/Maturities of Investments	$552M
Other Investing Activities	$114M
NET CASH FROM INVESTING	-$452M
Net Debt Issuance	$0
Common Stock Repurchased	-$72M
Common Dividends Paid	-$139M
Other Financing Activities	$300.0K
NET CASH FROM FINANCING	-$211M
FREE CASH FLOW	-$195M
Net Change in Cash	$272M

Balance Sheet

Item	Amount
Cash & Equivalents	$546M
Short-Term Investments	$51M
Net Receivables	$669M
Inventory	$1.0B
Other Current Assets	$41M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$8.8B
Goodwill	$42M
Intangible Assets	$112M
Long-Term Investments	$88M
Tax Assets	$727M
Other Non-Current Assets	$933M
TOTAL NON-CURRENT ASSETS	$10.7B
TOTAL ASSETS	$13.3B
Account Payables	$584M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$100.0K
TOTAL CURRENT LIABILITIES	$999M
Long-Term Debt	$6.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$205M
Other Non-Current Liabilities	$248M
TOTAL NON-CURRENT LIABILITIES	$6.4B
TOTAL LIABILITIES	$7.4B
Common Stock	$9M
Additional Paid-In Capital	$3.4B
Retained Earnings	$5.5B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$39M
TOTAL EQUITY	$5.9B
TOTAL LIABILITIES & EQUITY	$13.3B
Total Debt	$6.0B
Net Debt	$5.4B