SCCO Q4 2022 Earnings Report — Southern Copper Corporation Revenue & Financial Results | Market Cap Arena

Southern Copper CorporationSCCO

Q4 2022 Earnings

Reported February 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2022	Q3 2022	Q4 2021	QoQ Change	YoY Change
Revenue	$2.8B	$2.2B	$2.8B	30.8%	-0.1%
Op. Income	$1.4B	$787M	$1.5B	74.0%	-10.5%
Gross Margin	49.8%	37.9%	55.3%	11.9pp	-5.6pp
Net Margin	32.0%	24.1%	29.5%	7.9pp	2.5pp
EPS (Diluted)	$1.15	$0.67	$1.08	71.6%	6.5%
Free Cash Flow	$791M	$362M	$1.0B	118.4%	-23.3%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$34M
Other Expenses	$0
Operating Expenses	$34M
Cost & Expenses	$1.5B
OPERATING INCOME	$1.4B
Interest Income	$18M
Interest Expense	$83M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$475M
Net Income from Continuing Ops	$905M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$902M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$902M
D&A	$199M
EBIT	$1.5B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$34M
Other Expenses	$0
Operating Expenses	$34M
Cost & Expenses	$1.5B
OPERATING INCOME	$1.4B
Interest Income	$18M
Interest Expense	$83M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$475M
Net Income from Continuing Ops	$905M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$902M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$902M
D&A	$199M
EBIT	$1.5B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$902M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$34M
Other Non-Cash Items	$204M
Change in Working Capital	-$59M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$291M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$205M
NET CASH FROM INVESTING	-$496M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$387M
Other Financing Activities	-$301M
NET CASH FROM FINANCING	-$688M
FREE CASH FLOW	$791M
Net Change in Cash	-$115M

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