SCCO Q2 2019 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

Q2 2019 Earnings

Reported July 25, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$1.8B	$1.8B	$1.8B	3.7%	-1.0%
Op. Income	$714M	$694M	$788M	2.9%	-9.4%
Gross Margin	41.0%	41.2%	44.3%	-0.2pp	-3.3pp
Net Margin	22.1%	22.1%	22.3%	-0.0pp	-0.2pp
EPS (Diluted)	$0.52	$0.50	$0.53	4.0%	-1.9%
Free Cash Flow	$234M	$198M	$140M	17.9%	67.2%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.1B
GROSS PROFIT	$745M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$31M
Other Expenses	$0
Operating Expenses	$31M
Cost & Expenses	$1.1B
OPERATING INCOME	$714M
Interest Income	$4M
Interest Expense	$84M
Other Income/Expenses	-$58M
INCOME BEFORE TAX	$656M
Income Tax Expense	$251M
Net Income from Continuing Ops	$404M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$402M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$402M
D&A	$199M
EBIT	$741M
EBITDA	$940M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.1B
GROSS PROFIT	$745M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$31M
Other Expenses	$0
Operating Expenses	$31M
Cost & Expenses	$1.1B
OPERATING INCOME	$714M
Interest Income	$4M
Interest Expense	$84M
Other Income/Expenses	-$58M
INCOME BEFORE TAX	$656M
Income Tax Expense	$251M
Net Income from Continuing Ops	$404M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$402M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$402M
D&A	$199M
EBIT	$741M
EBITDA	$940M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$404M
Depreciation & Amortization	$199M
Stock-Based Compensation	$200.0K
Deferred Income Tax	$11M
Other Non-Cash Items	$4M
Change in Working Capital	-$213M
OPERATING CASH FLOW	$414M
Capital Expenditure	-$180M
Acquisitions (Net)	$0
Purchases of Investments	$95M
Sales/Maturities of Investments	$0
Other Investing Activities	$100.0K
NET CASH FROM INVESTING	-$86M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$309M
Other Financing Activities	$300.0K
NET CASH FROM FINANCING	-$309M
FREE CASH FLOW	$234M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$752M
Short-Term Investments	$119M
Net Receivables	$936M
Inventory	$1.1B
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$10.5B
Goodwill	$0
Intangible Assets	$148M
Long-Term Investments	$103M
Tax Assets	$209M
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$12.2B
TOTAL ASSETS	$15.3B
Account Payables	$631M
Short-Term Debt	$400M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$5.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$210M
Other Non-Current Liabilities	$387M
TOTAL NON-CURRENT LIABILITIES	$7.2B
TOTAL LIABILITIES	$8.6B
Common Stock	$9M
Additional Paid-In Capital	$3.4B
Retained Earnings	$6.4B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.7B
Minority Interest	$48M
TOTAL EQUITY	$6.8B
TOTAL LIABILITIES & EQUITY	$15.3B
Total Debt	$7.0B
Net Debt	$6.3B