SCCO FY 2018 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2018 Earnings

Reported March 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$7.1B	—	$6.7B	—	6.6%
Op. Income	$2.9B	—	$2.6B	—	10.0%
Gross Margin	42.0%	—	40.6%	—	1.4pp
Net Margin	21.7%	—	10.9%	—	10.8pp
EPS (Diluted)	$2.00	—	$0.94	—	112.8%
Free Cash Flow	$1.1B	—	$953M	—	16.9%

Revenue Flow

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$4.1B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$103M
Other Expenses	$0
Operating Expenses	$103M
Cost & Expenses	$4.2B
OPERATING INCOME	$2.9B
Interest Income	$16M
Interest Expense	$277M
Other Income/Expenses	-$280M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$674M
EBIT	$2.9B
EBITDA	$3.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$4.1B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$103M
Other Expenses	$0
Operating Expenses	$103M
Cost & Expenses	$4.2B
OPERATING INCOME	$2.9B
Interest Income	$16M
Interest Expense	$277M
Other Income/Expenses	-$280M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$674M
EBIT	$2.9B
EBITDA	$3.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$674M
Stock-Based Compensation	$600.0K
Deferred Income Tax	-$50M
Other Non-Cash Items	$715M
Change in Working Capital	$23M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$0
Purchases of Investments	-$311M
Sales/Maturities of Investments	$147M
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$1.1B
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$1.1B
Net Change in Cash	-$160M

Balance Sheet

Item	Amount
Cash & Equivalents	$845M
Short-Term Investments	$214M
Net Receivables	$973M
Inventory	$1.0B
Other Current Assets	$94M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$9.4B
Goodwill	$42M
Intangible Assets	$106M
Long-Term Investments	$104M
Tax Assets	$204M
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$11.1B
TOTAL ASSETS	$14.5B
Account Payables	$673M
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	$223M
Other Non-Current Liabilities	$498M
TOTAL NON-CURRENT LIABILITIES	$6.7B
TOTAL LIABILITIES	$7.9B
Common Stock	$9M
Additional Paid-In Capital	$3.4B
Retained Earnings	$6.2B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.6B
Minority Interest	$45M
TOTAL EQUITY	$6.6B
TOTAL LIABILITIES & EQUITY	$14.5B
Total Debt	$6.0B
Net Debt	$5.1B