SCCO FY 2022 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

FY 2022 Earnings

Reported February 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$10.0B	—	$10.9B	—	-8.1%
Op. Income	$4.4B	—	$6.1B	—	-26.9%
Gross Margin	45.4%	—	56.6%	—	-11.2pp
Net Margin	26.3%	—	31.1%	—	-4.8pp
EPS (Diluted)	$3.41	—	$4.39	—	-22.3%
Free Cash Flow	$1.9B	—	$3.4B	—	-45.5%

Revenue Flow

Item	Amount
REVENUE	$10.0B
Cost of Revenue	$5.5B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$125M
Other Expenses	$0
Operating Expenses	$125M
Cost & Expenses	$5.6B
OPERATING INCOME	$4.4B
Interest Income	$35M
Interest Expense	$340M
Other Income/Expenses	-$192M
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$796M
EBIT	$4.6B
EBITDA	$5.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$10.0B
Cost of Revenue	$5.5B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$125M
Other Expenses	$0
Operating Expenses	$125M
Cost & Expenses	$5.6B
OPERATING INCOME	$4.4B
Interest Income	$35M
Interest Expense	$340M
Other Income/Expenses	-$192M
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$796M
EBIT	$4.6B
EBITDA	$5.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.6B
Depreciation & Amortization	$796M
Stock-Based Compensation	$2M
Deferred Income Tax	$117M
Other Non-Cash Items	$78M
Change in Working Capital	-$839M
OPERATING CASH FLOW	$2.8B
Capital Expenditure	-$949M
Acquisitions (Net)	$0
Purchases of Investments	-$486M
Sales/Maturities of Investments	$765M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$667M
Net Debt Issuance	-$300M
Common Stock Repurchased	$0
Common Dividends Paid	-$2.7B
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$3.0B
FREE CASH FLOW	$1.9B
Net Change in Cash	-$932M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$208M
Net Receivables	$1.5B
Inventory	$1.0B
Other Current Assets	$44M
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$10.4B
Goodwill	$42M
Intangible Assets	$93M
Long-Term Investments	$111M
Tax Assets	$237M
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$12.1B
TOTAL ASSETS	$17.3B
Account Payables	$658M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$6.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$161M
Other Non-Current Liabilities	$708M
TOTAL NON-CURRENT LIABILITIES	$7.9B
TOTAL LIABILITIES	$9.1B
Common Stock	$9M
Additional Paid-In Capital	$3.5B
Retained Earnings	$7.7B
Treasury Stock	-$3.1B
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.1B
Minority Interest	$63M
TOTAL EQUITY	$8.1B
TOTAL LIABILITIES & EQUITY	$17.3B
Total Debt	$7.1B
Net Debt	$5.0B