SCCO FY 2019 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$7.3B	—	$7.1B	—	2.7%
Op. Income	$2.8B	—	$2.9B	—	-4.4%
Gross Margin	39.6%	—	42.0%	—	-2.4pp
Net Margin	20.4%	—	21.7%	—	-1.3pp
EPS (Diluted)	$1.92	—	$2.00	—	-4.0%
Free Cash Flow	$1.2B	—	$1.1B	—	8.1%

Revenue Flow

Item	Amount
REVENUE	$7.3B
Cost of Revenue	$4.4B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$132M
Other Expenses	$0
Operating Expenses	$132M
Cost & Expenses	$4.5B
OPERATING INCOME	$2.8B
Interest Income	$21M
Interest Expense	$341M
Other Income/Expenses	-$316M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$945M
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	$764M
EBIT	$2.8B
EBITDA	$3.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.3B
Cost of Revenue	$4.4B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$132M
Other Expenses	$0
Operating Expenses	$132M
Cost & Expenses	$4.5B
OPERATING INCOME	$2.8B
Interest Income	$21M
Interest Expense	$341M
Other Income/Expenses	-$316M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$945M
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	$764M
EBIT	$2.8B
EBITDA	$3.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$764M
Stock-Based Compensation	$1M
Deferred Income Tax	-$21M
Other Non-Cash Items	$22M
Change in Working Capital	-$347M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$708M
Acquisitions (Net)	$708M
Purchases of Investments	-$284M
Sales/Maturities of Investments	$133M
Other Investing Activities	-$423M
NET CASH FROM INVESTING	-$574M
Net Debt Issuance	$987M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.3B
Other Financing Activities	$24M
NET CASH FROM FINANCING	-$262M
FREE CASH FLOW	$1.2B
Net Change in Cash	$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$81M
Net Receivables	$912M
Inventory	$1.1B
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$10.4B
Goodwill	$42M
Intangible Assets	$107M
Long-Term Investments	$112M
Tax Assets	$184M
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$12.2B
TOTAL ASSETS	$16.4B
Account Payables	$598M
Short-Term Debt	$400M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$6.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$178M
Other Non-Current Liabilities	$376M
TOTAL NON-CURRENT LIABILITIES	$8.1B
TOTAL LIABILITIES	$9.5B
Common Stock	$9M
Additional Paid-In Capital	$3.4B
Retained Earnings	$6.4B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.8B
Minority Interest	$48M
TOTAL EQUITY	$6.9B
TOTAL LIABILITIES & EQUITY	$16.4B
Total Debt	$8.0B
Net Debt	$6.1B