SCCO FY 2017 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$6.7B	—	$5.4B	—	23.7%
Op. Income	$2.6B	—	$1.6B	—	66.7%
Gross Margin	40.6%	—	30.8%	—	9.8pp
Net Margin	10.9%	—	14.4%	—	-3.5pp
EPS (Diluted)	$0.94	—	$1.00	—	-6.0%
Free Cash Flow	$953M	—	-$195M	—	587.8%

Revenue Flow

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$4.0B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$93M
Other Expenses	-$10M
Operating Expenses	$83M
Cost & Expenses	$4.0B
OPERATING INCOME	$2.6B
Interest Income	$6M
Interest Expense	$306M
Other Income/Expenses	-$293M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$732M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$729M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$729M
D&A	$689M
EBIT	$2.6B
EBITDA	$3.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$4.0B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$93M
Other Expenses	-$10M
Operating Expenses	$83M
Cost & Expenses	$4.0B
OPERATING INCOME	$2.6B
Interest Income	$6M
Interest Expense	$306M
Other Income/Expenses	-$293M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$732M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$729M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$729M
D&A	$689M
EBIT	$2.6B
EBITDA	$3.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$732M
Depreciation & Amortization	$671M
Stock-Based Compensation	$600.0K
Deferred Income Tax	$642M
Other Non-Cash Items	$33M
Change in Working Capital	-$102M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$1.0B
Acquisitions (Net)	$61M
Purchases of Investments	-$61M
Sales/Maturities of Investments	$1M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$456M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$456M
FREE CASH FLOW	$953M
Net Change in Cash	$459M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$51M
Net Receivables	$976M
Inventory	$1.0B
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$9.1B
Goodwill	$42M
Intangible Assets	$111M
Long-Term Investments	$100M
Tax Assets	$165M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$10.6B
TOTAL ASSETS	$13.8B
Account Payables	$660M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$6.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$56M
Other Non-Current Liabilities	$505M
TOTAL NON-CURRENT LIABILITIES	$6.5B
TOTAL LIABILITIES	$7.6B
Common Stock	$9M
Additional Paid-In Capital	$3.4B
Retained Earnings	$5.7B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	$500.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.1B
Minority Interest	$42M
TOTAL EQUITY	$6.1B
TOTAL LIABILITIES & EQUITY	$13.8B
Total Debt	$6.0B
Net Debt	$5.0B