SCCO Q4 2021 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

Q4 2021 Earnings

Reported March 7, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$2.8B	$2.7B	$2.4B	5.3%	20.1%
Op. Income	$1.5B	$1.5B	$1.1B	1.5%	43.5%
Gross Margin	55.3%	57.4%	46.7%	-2.1pp	8.6pp
Net Margin	29.5%	32.4%	25.1%	-2.9pp	4.4pp
EPS (Diluted)	$1.08	$1.12	$0.76	-3.6%	42.1%
Free Cash Flow	$1.0B	$978M	$852M	5.5%	21.0%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$32M
Other Expenses	$0
Operating Expenses	$32M
Cost & Expenses	$1.3B
OPERATING INCOME	$1.5B
Interest Income	$2M
Interest Expense	$89M
Other Income/Expenses	-$99M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$595M
Net Income from Continuing Ops	$836M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$833M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$833M
D&A	$207M
EBIT	$1.5B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$32M
Other Expenses	$0
Operating Expenses	$32M
Cost & Expenses	$1.3B
OPERATING INCOME	$1.5B
Interest Income	$2M
Interest Expense	$89M
Other Income/Expenses	-$99M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$595M
Net Income from Continuing Ops	$836M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$833M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$833M
D&A	$207M
EBIT	$1.5B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$836M
Depreciation & Amortization	$207M
Stock-Based Compensation	$600.0K
Deferred Income Tax	-$26M
Other Non-Cash Items	$50M
Change in Working Capital	$161M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$197M
Acquisitions (Net)	$0
Purchases of Investments	$140M
Sales/Maturities of Investments	$1.6B
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$61M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$773M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$775M
FREE CASH FLOW	$1.0B
Net Change in Cash	$418M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.0B
Short-Term Investments	$487M
Net Receivables	$1.4B
Inventory	$973M
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$6.1B
PP&E (Net)	$10.4B
Goodwill	$42M
Intangible Assets	$96M
Long-Term Investments	$115M
Tax Assets	$316M
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$12.2B
TOTAL ASSETS	$18.3B
Account Payables	$592M
Short-Term Debt	$300M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$6.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$118M
Other Non-Current Liabilities	$631M
TOTAL NON-CURRENT LIABILITIES	$7.8B
TOTAL LIABILITIES	$10.1B
Common Stock	$9M
Additional Paid-In Capital	$3.5B
Retained Earnings	$7.8B
Treasury Stock	-$3.1B
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.1B
Minority Interest	$59M
TOTAL EQUITY	$8.2B
TOTAL LIABILITIES & EQUITY	$18.3B
Total Debt	$7.5B
Net Debt	$4.5B