2013 Q2 Form 10-Q Financial Statement
#000110465913035267 Filed on April 30, 2013
Income Statement
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
Revenue | $1.410B | $1.623B | $1.806B |
YoY Change | -15.04% | -10.13% | 12.73% |
Cost Of Revenue | $711.2M | $722.7M | $721.9M |
YoY Change | 6.49% | 0.11% | -2.03% |
Gross Profit | $604.4M | $805.7M | $1.007B |
YoY Change | -33.84% | -20.0% | 26.76% |
Gross Profit Margin | 42.86% | 49.64% | 55.77% |
Selling, General & Admin | $27.45M | $25.37M | $25.43M |
YoY Change | 8.24% | -0.22% | 3.38% |
% of Gross Profit | 4.54% | 3.15% | 2.53% |
Research & Development | $11.70M | $10.30M | $8.700M |
YoY Change | -7.14% | 18.39% | 20.83% |
% of Gross Profit | 1.94% | 1.28% | 0.86% |
Depreciation & Amortization | $93.52M | $90.57M | $76.94M |
YoY Change | 19.24% | 17.71% | 8.99% |
% of Gross Profit | 15.47% | 11.24% | 7.64% |
Operating Expenses | $27.45M | $25.37M | $25.43M |
YoY Change | 8.24% | -0.22% | -75.17% |
Operating Profit | $566.4M | $774.0M | $972.9M |
YoY Change | -35.32% | -20.45% | 27.56% |
Interest Expense | -$46.50M | -$47.10M | -$34.60M |
YoY Change | 103.95% | 36.13% | -21.18% |
% of Operating Profit | -8.21% | -6.09% | -3.56% |
Other Income/Expense, Net | $16.94M | $848.0K | $7.235M |
YoY Change | -7.58% | -88.28% | -1305.83% |
Pretax Income | $536.8M | $727.7M | $939.7M |
YoY Change | -37.09% | -22.55% | 30.84% |
Income Tax | $167.9M | $238.9M | $318.8M |
% Of Pretax Income | 31.27% | 32.82% | 33.93% |
Net Earnings | $374.1M | $497.0M | $623.6M |
YoY Change | -33.82% | -20.3% | 29.89% |
Net Earnings / Revenue | 26.53% | 30.62% | 34.53% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $441.1K | $585.9K | $731.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 845.6M shares | 845.6M shares | 850.0M shares |
Diluted Shares Outstanding | 850.0M shares |
Balance Sheet
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.333B | $2.667B | $1.745B |
YoY Change | 60.56% | 52.84% | -20.46% |
Cash & Equivalents | $1.940B | $2.462B | $1.518B |
Short-Term Investments | $393.0M | $204.0M | $227.0M |
Other Short-Term Assets | $213.8M | $180.2M | $228.0M |
YoY Change | 158.9% | -20.96% | 32.56% |
Inventory | $683.0M | $692.4M | $609.0M |
Prepaid Expenses | |||
Receivables | $470.8M | $566.8M | $713.0M |
Other Receivables | $100.0M | $105.0M | $112.0M |
Total Short-Term Assets | $3.875B | $4.360B | $3.407B |
YoY Change | 26.15% | 27.98% | -7.14% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.636B | $5.349B | $4.496B |
YoY Change | 20.79% | 18.98% | 9.79% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $296.0M | $278.4M | $481.0M |
YoY Change | 59.85% | -42.12% | 93.17% |
Total Long-Term Assets | $6.779B | $6.202B | $5.087B |
YoY Change | 27.88% | 21.92% | 14.16% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.875B | $4.360B | $3.407B |
Total Long-Term Assets | $6.779B | $6.202B | $5.087B |
Total Assets | $10.65B | $10.56B | $8.494B |
YoY Change | 27.24% | 24.35% | 4.54% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $452.7M | $518.5M | $439.0M |
YoY Change | 17.64% | 18.12% | -26.34% |
Accrued Expenses | $207.0M | $357.0M | $312.0M |
YoY Change | -15.16% | 14.42% | 22.83% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $5.000M | $10.00M | $10.00M |
YoY Change | -50.0% | 0.0% | 0.0% |
Total Short-Term Liabilities | $664.2M | $921.6M | $958.0M |
YoY Change | -12.41% | -3.79% | -10.05% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $4.204B | $4.204B | $2.736B |
YoY Change | 53.95% | 53.66% | -0.33% |
Other Long-Term Liabilities | $67.43M | $65.46M | $174.0M |
YoY Change | 44.33% | -62.38% | -18.31% |
Total Long-Term Liabilities | $4.766B | $4.772B | $2.910B |
YoY Change | 56.85% | 63.98% | -1.62% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $664.2M | $921.6M | $958.0M |
Total Long-Term Liabilities | $4.766B | $4.772B | $2.910B |
Total Liabilities | $5.430B | $5.694B | $4.022B |
YoY Change | 43.01% | 41.56% | -3.83% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.846B | $2.643B | |
YoY Change | -31.09% | ||
Common Stock | $3.342B | $3.343B | |
YoY Change | 177.4% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $994.0M | $931.2M | $760.1M |
YoY Change | 25.95% | 22.51% | |
Treasury Stock Shares | |||
Shareholders Equity | $5.198B | $5.058B | $4.472B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.65B | $10.78B | $8.494B |
YoY Change | 27.24% | 26.88% | 4.54% |
Cashflow Statement
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $374.1M | $497.0M | $623.6M |
YoY Change | -33.82% | -20.3% | 29.89% |
Depreciation, Depletion And Amortization | $93.52M | $90.57M | $76.94M |
YoY Change | 19.24% | 17.71% | 8.99% |
Cash From Operating Activities | $302.4M | $594.5M | $720.4M |
YoY Change | -19.81% | -17.48% | 39.86% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $385.5M | $316.8M | $177.4M |
YoY Change | 67.37% | 78.56% | -343.04% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$185.0M | -$59.40M | $294.8M |
YoY Change | 50.28% | -120.15% | -289.95% |
Cash From Investing Activities | -$570.4M | -$376.2M | $117.4M |
YoY Change | 61.4% | -420.44% | -151.45% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $64.56M | ||
YoY Change | 94.55% | ||
Debt Paid & Issued, Net | $5.000M | ||
YoY Change | 0.0% | ||
Cash From Financing Activities | -238.6M | -203.1M | -160.1M |
YoY Change | -51.25% | 26.86% | -68.09% |
NET CHANGE | |||
Cash From Operating Activities | 302.4M | 594.5M | 720.4M |
Cash From Investing Activities | -570.4M | -376.2M | 117.4M |
Cash From Financing Activities | -238.6M | -203.1M | -160.1M |
Net Change In Cash | -506.6M | 15.20M | 677.7M |
YoY Change | 8.78% | -97.76% | -415.5% |
FREE CASH FLOW | |||
Cash From Operating Activities | $302.4M | $594.5M | $720.4M |
Capital Expenditures | $385.5M | $316.8M | $177.4M |
Free Cash Flow | -$83.05M | $277.7M | $543.0M |
YoY Change | -156.58% | -48.86% | -7.67% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
4214100000 | USD |
CY2013Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;" size="2">NOTE 1 — DESCRIPTION OF THE BUSINESS:</font></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;" size="2">In the opinion of Southern Copper Corporation, (the “Company” or “SCC”), the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) necessary to state fairly the Company’s financial position as of March 31, 2013 and the results of operations, comprehensive income and cash flows for the three months ended March 31, 2013 and 2012.  The results of operations for the three months ended March 31, 2013 are not necessarily indicative of the results to be expected for the full year.  The December 31, 2012 balance sheet data was derived from audited financial statements, but does not include all disclosures required by generally accepted accounting principles in the United States of America (“GAAP”).  The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements at December 31, 2012 and notes included in the Company’s 2012 annual report on Form 10-K.</font></p> </div> | |
CY2013Q1 | us-gaap |
Trading Securities Debt Current
TradingSecuritiesDebtCurrent
|
198000000 | USD |
CY2012Q4 | us-gaap |
Trading Securities Debt Current
TradingSecuritiesDebtCurrent
|
127800000 | USD |
CY2013Q1 | scco |
Trading Securities Weighted Average Interest Rate
TradingSecuritiesWeightedAverageInterestRate
|
0.0143 | pure |
CY2012 | scco |
Trading Securities Weighted Average Interest Rate
TradingSecuritiesWeightedAverageInterestRate
|
0.0187 | pure |
CY2013Q1 | us-gaap |
Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
|
6500000 | USD |
CY2012Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
118200000 | USD |
CY2013Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
-1800000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
|
6500000 | USD |
CY2013Q1 | scco |
Available For Sale Securities Weighted Average Interest Rate
AvailableForSaleSecuritiesWeightedAverageInterestRate
|
0.0044 | pure |
CY2012 | scco |
Available For Sale Securities Weighted Average Interest Rate
AvailableForSaleSecuritiesWeightedAverageInterestRate
|
0.0043 | pure |
CY2013Q1 | us-gaap |
Short Term Investments
ShortTermInvestments
|
204488000 | USD |
CY2012Q1 | us-gaap |
Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
|
5000000 | USD |
CY2012Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
-800000 | USD |
CY2012Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
134298000 | USD |
CY2013Q1 | us-gaap |
Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
|
600000 | USD |
CY2012Q1 | us-gaap |
Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
|
800000 | USD |
CY2013Q1 | us-gaap |
Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
|
1100000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
300000 | USD |
CY2013Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
93500000 | USD |
CY2012Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
101100000 | USD |
CY2013Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
303600000 | USD |
CY2012Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
297400000 | USD |
CY2013Q1 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
295300000 | USD |
CY2012Q4 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
284200000 | USD |
CY2013Q1 | us-gaap |
Inventory Net
InventoryNet
|
692369000 | USD |
CY2012Q4 | us-gaap |
Inventory Net
InventoryNet
|
682749000 | USD |
CY2013Q1 | us-gaap |
Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
|
284290000 | USD |
CY2012Q4 | us-gaap |
Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
|
262795000 | USD |
CY2013Q1 | scco |
Inventory Ore Stockpiles On Leach Pads Capitalized Costs
InventoryOreStockpilesOnLeachPadsCapitalizedCosts
|
68200000 | USD |
CY2012Q1 | scco |
Inventory Ore Stockpiles On Leach Pads Capitalized Costs
InventoryOreStockpilesOnLeachPadsCapitalizedCosts
|
52700000 | USD |
CY2013Q1 | scco |
Inventory Ore Stockpiles On Leach Pads Recognized As Cost Of Sales
InventoryOreStockpilesOnLeachPadsRecognizedAsCostOfSales
|
26700000 | USD |
CY2012Q1 | scco |
Inventory Ore Stockpiles On Leach Pads Recognized As Cost Of Sales
InventoryOreStockpilesOnLeachPadsRecognizedAsCostOfSales
|
18400000 | USD |
CY2013Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.325 | pure |
CY2012Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.339 | pure |
CY2013Q1 | scco |
Asset Retirement Obligation Period After Which First Review Is Required
AssetRetirementObligationPeriodAfterWhichFirstReviewIsRequired
|
P3Y | |
CY2013Q1 | scco |
Asset Retirement Obligation Period After Which Successive Reviews Are Required
AssetRetirementObligationPeriodAfterWhichSuccessiveReviewsAreRequired
|
P5Y | |
CY2013Q1 | us-gaap |
Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
|
17000000 | USD |
CY2013Q1 | scco |
Asset Retirement Obligation Annual Guarantees
AssetRetirementObligationAnnualGuarantees
|
10500000 | USD |
CY2013Q1 | scco |
Asset Retirement Obligation Units Number
AssetRetirementObligationUnitsNumber
|
3 | item |
CY2011Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
62000000 | USD |
CY2012Q1 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
62800000 | USD |
CY2013Q1 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
120000000 | USD |
CY2013Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
8163000 | USD |
CY2013Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1641000 | USD |
CY2012Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
4213900000 | USD |
CY2012Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
25740000 | USD |
CY2013Q1 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
34165000 | USD |
CY2012Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
20300000 | USD |
CY2013Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
4100000 | USD |
CY2013Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
54000000 | USD |
CY2012Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
26000000 | USD |
CY2013Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
36608000 | USD |
CY2012Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
10972000 | USD |
CY2013Q1 | scco |
Defined Benefit Plan Number Of Peruvian Noncontributory Plans
DefinedBenefitPlanNumberOfPeruvianNoncontributoryPlans
|
2 | plan |
CY2013Q1 | us-gaap |
Environmental Costs Recognized Capitalized In Period
EnvironmentalCostsRecognizedCapitalizedInPeriod
|
11200000 | USD |
CY2012Q1 | us-gaap |
Environmental Costs Recognized Capitalized In Period
EnvironmentalCostsRecognizedCapitalizedInPeriod
|
9400000 | USD |
CY2012Q1 | scco |
Number Of Strikes During Period
NumberOfStrikesDuringPeriod
|
0 | item |
CY1997 | scco |
Power Purchase Agreement Term
PowerPurchaseAgreementTerm
|
P20Y | |
CY2013Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segment |
CY2013Q1 | us-gaap |
Revenues
Revenues
|
1623000000 | USD |
CY2013Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
726682000 | USD |
CY2013Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
25374000 | USD |
CY2013Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
90572000 | USD |
CY2013Q1 | us-gaap |
Exploration Expense Mining
ExplorationExpenseMining
|
10324000 | USD |
CY2013Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
770050000 | USD |
CY2013Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-47100000 | USD |
CY2013Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
848000 | USD |
CY2013Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
495392000 | USD |
CY2013Q1 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
316800000 | USD |
CY2013Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5349196000 | USD |
CY2013Q1 | us-gaap |
Assets
Assets
|
10776869000 | USD |
CY2012Q1 | us-gaap |
Revenues
Revenues
|
1805900000 | USD |
CY2012Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
721927000 | USD |
CY2012Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
25431000 | USD |
CY2012Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
76944000 | USD |
CY2012Q1 | us-gaap |
Exploration Expense Mining
ExplorationExpenseMining
|
8725000 | USD |
CY2012Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
972909000 | USD |
CY2012Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-40500000 | USD |
CY2012Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
7235000 | USD |
CY2012Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
2654000 | USD |
CY2012Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2132000 | USD |
CY2012Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
621430000 | USD |
CY2012Q1 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
177400000 | USD |
CY2012Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4495900000 | USD |
CY2012Q1 | us-gaap |
Assets
Assets
|
8493900000 | USD |
CY2013Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
931224000 | USD |
CY2012Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
760100000 | USD |
CY2012Q4 | us-gaap |
Minority Interest
MinorityInterest
|
23960000 | USD |
CY2013Q1 | us-gaap |
Minority Interest
MinorityInterest
|
25061000 | USD |
CY2011Q4 | us-gaap |
Minority Interest
MinorityInterest
|
21000000 | USD |
CY2012Q1 | us-gaap |
Minority Interest
MinorityInterest
|
22600000 | USD |
CY2013Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
472000 | USD |
CY2012Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
472000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
103193000 | USD |
CY2013Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
180217000 | USD |
CY2013Q1 | us-gaap |
Assets Current
AssetsCurrent
|
4360234000 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2459488000 | USD |
CY2012Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
669333000 | USD |
CY2012Q4 | us-gaap |
Other Receivables
OtherReceivables
|
82636000 | USD |
CY2013Q1 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
4654400000 | USD |
CY2012Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
4870600000 | USD |
CY2013Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
SOUTHERN COPPER CORP/ | |
CY2013Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001001838 | |
CY2013Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2013Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-03-31 | |
CY2013Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2013Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2013Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2013Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2013Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
845550550 | shares |
CY2013Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | |
CY2013Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2013Q1 | us-gaap |
Revenue Mineral Sales
RevenueMineralSales
|
1623002000 | USD |
CY2012Q1 | us-gaap |
Revenue Mineral Sales
RevenueMineralSales
|
1805936000 | USD |
CY2013Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
852952000 | USD |
CY2012Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
833027000 | USD |
CY2013Q1 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
65290000 | USD |
CY2013Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
-12239000 | USD |
CY2013Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
5969000 | USD |
CY2013Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
723816000 | USD |
CY2012Q1 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
47175000 | USD |
CY2012Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
-2861000 | USD |
CY2012Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3847000 | USD |
CY2012Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
939677000 | USD |
CY2013Q1 | us-gaap |
Profit Loss
ProfitLoss
|
497033000 | USD |
CY2012Q1 | us-gaap |
Profit Loss
ProfitLoss
|
623562000 | USD |
CY2013Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.59 | |
CY2012Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.73 | |
CY2013Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.24 | |
CY2012Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.54 | |
CY2012Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-5447000 | USD |
CY2013Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
497033000 | USD |
CY2012Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
618115000 | USD |
CY2013Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1641000 | USD |
CY2013Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
495392000 | USD |
CY2012Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
2154000 | USD |
CY2012Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
615961000 | USD |
CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2462350000 | USD |
CY2013Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
566756000 | USD |
CY2013Q1 | us-gaap |
Other Receivables
OtherReceivables
|
105549000 | USD |
CY2013Q1 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
148505000 | USD |
CY2012Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
156262000 | USD |
CY2012Q4 | us-gaap |
Assets Current
AssetsCurrent
|
4287959000 | USD |
CY2013Q1 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
108806000 | USD |
CY2013Q1 | us-gaap |
Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
|
173377000 | USD |
CY2013Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
222553000 | USD |
CY2013Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
278413000 | USD |
CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5156731000 | USD |
CY2012Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
109300000 | USD |
CY2012Q4 | us-gaap |
Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
|
183950000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
205939000 | USD |
CY2012Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
177075000 | USD |
CY2012Q4 | us-gaap |
Assets
Assets
|
10383749000 | USD |
CY2013Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
10000000 | USD |
CY2013Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
518543000 | USD |
CY2013Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
35851000 | USD |
CY2013Q1 | scco |
Accrued Workers Participation
AccruedWorkersParticipation
|
232176000 | USD |
CY2013Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
91177000 | USD |
CY2013Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
33898000 | USD |
CY2013Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
921645000 | USD |
CY2012Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
10000000 | USD |
CY2012Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
475566000 | USD |
CY2012Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
12198000 | USD |
CY2012Q4 | scco |
Accrued Workers Participation
AccruedWorkersParticipation
|
266571000 | USD |
CY2012Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
70582000 | USD |
CY2012Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
22218000 | USD |
CY2012Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
857135000 | USD |
CY2013Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4204121000 | USD |
CY2013Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
167382000 | USD |
CY2013Q1 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
214934000 | USD |
CY2013Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
65459000 | USD |
CY2013Q1 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
120005000 | USD |
CY2013Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
4771901000 | USD |
CY2012Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4203863000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
141426000 | USD |
CY2012Q4 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
214934000 | USD |
CY2012Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
59065000 | USD |
CY2012Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
118226000 | USD |
CY2012Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
4737514000 | USD |
CY2013Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
8846000 | USD |
CY2013Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3334024000 | USD |
CY2013Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2642584000 | USD |
CY2013Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
4032000 | USD |
CY2013Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5058262000 | USD |
CY2013Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5083323000 | USD |
CY2013Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
10776869000 | USD |
CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
8846000 | USD |
CY2012Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3320927000 | USD |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2350126000 | USD |
CY2012Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
4032000 | USD |
CY2012Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
918791000 | USD |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4765140000 | USD |
CY2012Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4789100000 | USD |
CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
10383749000 | USD |
CY2013Q1 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
4113000 | USD |
CY2012Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
20310000 | USD |
CY2013Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2012Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2013Q1 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
8163000 | USD |
CY2013Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-13894000 | USD |
CY2013Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-5745000 | USD |
CY2013Q1 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
1438000 | USD |
CY2012Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-7531000 | USD |
CY2012Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-12509000 | USD |
CY2012Q1 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
5835000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-79664000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
31115000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
64510000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
104740000 | USD |
CY2012Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-59047000 | USD |
CY2012Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-11812000 | USD |
CY2012Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-34855000 | USD |
CY2012Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
2636000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
594472000 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
720407000 | USD |
CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
316798000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
10573000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
224000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-376191000 | USD |
CY2012Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
177417000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
98000 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
117375000 | USD |
CY2013Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
202932000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
258000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-203146000 | USD |
CY2012Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
159811000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
153000 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-160130000 | USD |
CY2013Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-12273000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
2862000 | USD |
CY2012Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-7589000 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
670063000 | USD |
CY2011 | scco |
Number Of Strikes During Period
NumberOfStrikesDuringPeriod
|
0 | item |
CY2010 | scco |
Number Of Strikes During Period
NumberOfStrikesDuringPeriod
|
0 | item |
CY2013Q1 | scco |
Number Of Strikes During Period
NumberOfStrikesDuringPeriod
|
0 | item |
CY2013Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
845551000 | shares |
CY2012Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
849978000 | shares |
CY2012Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
|
3459000 | USD |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
848118000 | USD |
CY2012Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1518181000 | USD |