2014 Q1 Form 10-K Financial Statement

#000110465914014124 Filed on February 27, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q3
Revenue $1.354B $1.535B $1.385B
YoY Change -16.55% -7.02% -10.82%
Cost Of Revenue $641.9M $766.3M $663.3M
YoY Change -11.19% 8.14% -1.12%
Gross Profit $712.5M $658.5M $617.0M
YoY Change -11.57% -22.84% -22.89%
Gross Profit Margin 52.61% 42.89% 44.56%
Selling, General & Admin $24.50M $25.60M $24.11M
YoY Change -3.45% -4.12% 1.46%
% of Gross Profit 3.44% 3.89% 3.91%
Research & Development $14.60M $17.00M $12.00M
YoY Change 41.75% 20.57% -4.0%
% of Gross Profit 2.05% 2.58% 1.94%
Depreciation & Amortization $110.5M $110.4M $101.5M
YoY Change 21.95% 24.04% 24.86%
% of Gross Profit 15.5% 16.77% 16.45%
Operating Expenses $24.50M $153.0M $24.11M
YoY Change -3.45% 17.78% 1.46%
Operating Profit $562.9M $615.9M $583.6M
YoY Change -27.27% -24.21% 30.32%
Interest Expense -$36.00M -$39.30M -$43.70M
YoY Change -23.57% -20.77% 104.21%
% of Operating Profit -6.4% -6.38% -7.49%
Other Income/Expense, Net -$4.206M -$2.400M $1.724M
YoY Change -595.99% -70.0% -51.12%
Pretax Income $522.7M $574.1M $541.6M
YoY Change -28.17% -23.97% 27.28%
Income Tax $204.2M $172.4M $197.9M
% Of Pretax Income 39.06% 30.03% 36.54%
Net Earnings $324.6M $407.5M $345.6M
YoY Change -34.69% -23.57% 57.58%
Net Earnings / Revenue 23.97% 26.54% 24.96%
Basic Earnings Per Share
Diluted Earnings Per Share $387.9K $484.6K $408.8K
COMMON SHARES
Basic Shares Outstanding 833.5M shares 840.0M shares 842.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.746B $1.881B $2.159B
YoY Change -34.53% -27.49% 40.38%
Cash & Equivalents $1.473B $1.673B $1.795B
Short-Term Investments $273.0M $208.0M $363.0M
Other Short-Term Assets $139.8M $159.0M $203.1M
YoY Change -22.45% 1.75% 32.67%
Inventory $749.9M $693.9M $704.6M
Prepaid Expenses
Receivables $523.2M $533.2M $487.2M
Other Receivables $85.00M $65.00M $96.00M
Total Short-Term Assets $3.389B $3.416B $3.730B
YoY Change -22.27% -20.58% -29.48%
LONG-TERM ASSETS
Property, Plant & Equipment $6.686B $6.476B $6.032B
YoY Change 24.98% 25.59% 24.21%
Goodwill $17.00M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $63.18M $57.14M
YoY Change 21.44%
Other Assets $196.8M $199.3M $269.4M
YoY Change -29.3% 53.3% 34.85%
Total Long-Term Assets $7.875B $7.580B $7.205B
YoY Change 26.99% 24.62% 29.78%
TOTAL ASSETS
Total Short-Term Assets $3.389B $3.416B $3.730B
Total Long-Term Assets $7.875B $7.580B $7.205B
Total Assets $11.26B $11.00B $10.94B
YoY Change 6.65% 5.9% 0.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $502.3M $493.3M $456.9M
YoY Change -3.13% 3.72% 6.87%
Accrued Expenses $303.0M $283.0M $274.0M
YoY Change -15.13% -21.17% -56.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $5.000M
YoY Change -100.0% -50.0%
Total Short-Term Liabilities $852.9M $783.6M $736.0M
YoY Change -7.46% -8.58% -33.32%
LONG-TERM LIABILITIES
Long-Term Debt $4.205B $4.205B $4.205B
YoY Change 0.03% 0.03% 53.95%
Other Long-Term Liabilities $73.93M $76.00M $74.52M
YoY Change 12.94% 28.67% 36.89%
Total Long-Term Liabilities $4.678B $4.651B $4.790B
YoY Change -1.97% -1.83% 52.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $852.9M $783.6M $736.0M
Total Long-Term Liabilities $4.678B $4.651B $4.790B
Total Liabilities $5.531B $5.434B $5.526B
YoY Change -2.86% -2.87% 30.3%
SHAREHOLDERS EQUITY
Retained Earnings $3.618B $3.395B $3.089B
YoY Change 36.92% 44.45% -25.46%
Common Stock $3.356B $3.349B $3.345B
YoY Change 0.4% 0.58% 0.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.275B $1.217B $1.055B
YoY Change 36.96% 32.41% 16.93%
Treasury Stock Shares
Shareholders Equity $5.705B $5.534B $5.383B
YoY Change
Total Liabilities & Shareholders Equity $11.26B $11.00B $10.94B
YoY Change 4.53% 5.9% 0.87%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $324.6M $407.5M $345.6M
YoY Change -34.69% -23.57% 57.58%
Depreciation, Depletion And Amortization $110.5M $110.4M $101.5M
YoY Change 21.95% 24.04% 24.86%
Cash From Operating Activities $348.2M $495.1M $465.2M
YoY Change -41.43% 139.41% -33.51%
INVESTING ACTIVITIES
Capital Expenditures $323.7M -$512.8M $488.2M
YoY Change 2.19% 32.85% 89.08%
Acquisitions
YoY Change
Other Investing Activities -$64.40M $163.8M $1.981M
YoY Change 8.42% -35.79% -2230.11%
Cash From Investing Activities -$401.4M -$349.0M -$449.3M
YoY Change 6.7% 166.62% 48.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $52.48M $59.43M
YoY Change -40.08%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -152.8M -263.2M -160.4M
YoY Change -24.77% -121.38% -47.1%
NET CHANGE
Cash From Operating Activities 348.2M 495.1M 465.2M
Cash From Investing Activities -401.4M -349.0M -449.3M
Cash From Financing Activities -152.8M -263.2M -160.4M
Net Change In Cash -206.0M -117.1M -144.5M
YoY Change -1455.26% -108.96% -252.43%
FREE CASH FLOW
Cash From Operating Activities $348.2M $495.1M $465.2M
Capital Expenditures $323.7M -$512.8M $488.2M
Free Cash Flow $24.47M $1.008B -$23.05M
YoY Change -91.19% 70.02% -105.22%

Facts In Submission

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CY2012 scco Effective Income Tax Rate Reconciliation Peruvian Deemed Distributed Income
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0.013 pure
CY2012 scco Effective Income Tax Rate Reconciliation Special Mining Tax
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2010Q4 us-gaap Unrecognized Tax Benefits
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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CY2011 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 scco Number Of Jurisdictions Where Entity Files Income Tax Return
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CY2013 scco Effective Income Tax Rate Reconciliation Special Mining Tax
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277400000 USD
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CY2011 us-gaap Treasury Stock Value Acquired Cost Method
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CY2013Q2 us-gaap Treasury Stock Value Acquired Cost Method
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CY2012 us-gaap Revenue Mineral Sales
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CY2012Q1 scco Dividends Common Stock Stock Per Share
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CY2013 dei Entity Registrant Name
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SOUTHERN COPPER CORP/
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0001001838
CY2013 dei Document Type
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10-K
CY2013 dei Document Period End Date
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2013-12-31
CY2013 dei Amendment Flag
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false
CY2013 dei Current Fiscal Year End Date
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--12-31
CY2013 dei Entity Well Known Seasoned Issuer
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Yes
CY2013 dei Entity Voluntary Filers
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No
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
4312300000 USD
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
833549550 shares
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 us-gaap Cost Of Revenue
CostOfRevenue
2871299000 USD
CY2012 us-gaap Cost Of Revenue
CostOfRevenue
2769233000 USD
CY2011 us-gaap Cost Of Revenue
CostOfRevenue
2763152000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
102579000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
101297000 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
104473000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
395970000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
325743000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
288138000 USD
CY2013 us-gaap Exploration Expense Mining
ExplorationExpenseMining
50983000 USD
CY2012 us-gaap Exploration Expense Mining
ExplorationExpenseMining
47877000 USD
CY2011 us-gaap Exploration Expense Mining
ExplorationExpenseMining
37535000 USD
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
3420831000 USD
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
3560383000 USD
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
3193298000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
3625423000 USD
CY2013 us-gaap Interest Costs Incurred
InterestCostsIncurred
265551000 USD
CY2012 us-gaap Interest Costs Incurred
InterestCostsIncurred
201785000 USD
CY2011 us-gaap Interest Costs Incurred
InterestCostsIncurred
192340000 USD
CY2013 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-68946000 USD
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-29380000 USD
CY2011 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-5851000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
17106000 USD
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
21833000 USD
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4043000 USD
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
19985000 USD
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
15231000 USD
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
13797000 USD
CY2013 scco Income Loss From Continuing Operations After Income Taxes And Before Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments
1603276000 USD
CY2013 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
20905000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5664000 USD
CY2012 scco Income Loss From Continuing Operations After Income Taxes And Before Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments
1892670000 USD
CY2012 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
48702000 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6740000 USD
CY2011 scco Income Loss From Continuing Operations After Income Taxes And Before Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments
2344353000 USD
CY2011 us-gaap Profit Loss
ProfitLoss
2344353000 USD
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7929000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2336424000 USD
CY2011 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
2.73
CY2011 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.43
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
842668000 shares
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
848346000 shares
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
854649000 shares
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3394000 USD
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-8310000 USD
CY2012 scco Other Comprehensive Income Unrealized Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedLossOnDerivativesArisingDuringPeriodNetOfTax
-5452000 USD
CY2011 scco Other Comprehensive Income Unrealized Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedLossOnDerivativesArisingDuringPeriodNetOfTax
125562000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
5452000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-5452000 USD
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
131014000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2207000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8846000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
139324000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1626388000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1932526000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2483677000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5664000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6736000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
7956000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1620724000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1925790000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2475721000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1672695000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2459488000 USD
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
533226000 USD
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
669333000 USD
CY2013Q4 us-gaap Other Receivables
OtherReceivables
64552000 USD
CY2012Q4 us-gaap Other Receivables
OtherReceivables
82636000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Current
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84377000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
103193000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
158990000 USD
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
156262000 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
3416050000 USD
CY2012Q4 us-gaap Assets Current
AssetsCurrent
4301350000 USD
CY2013Q4 us-gaap Due From Related Parties Noncurrent
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161244000 USD
CY2012Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
183950000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
395100000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
205939000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
199322000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
130021000 USD
CY2013Q4 us-gaap Assets
Assets
11210422000 USD
CY2012Q4 us-gaap Assets
Assets
10383749000 USD
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
500737000 USD
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
475566000 USD
CY2012Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
12198000 USD
CY2013Q4 scco Accrued Workers Participation
AccruedWorkersParticipation
192371000 USD
CY2012Q4 scco Accrued Workers Participation
AccruedWorkersParticipation
266571000 USD
CY2013Q4 us-gaap Interest Payable Current
InterestPayableCurrent
70787000 USD
CY2012Q4 us-gaap Interest Payable Current
InterestPayableCurrent
70582000 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
19689000 USD
CY2012Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
22218000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
783584000 USD
CY2012Q4 us-gaap Liabilities Current
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857135000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
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244875000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
141426000 USD
CY2013Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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214393000 USD
CY2012Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
214934000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
76000000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
59065000 USD
CY2013Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
124835000 USD
CY2012Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
118226000 USD
CY2013Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
4865018000 USD
CY2012Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
4737514000 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
8846000 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
8846000 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3340349000 USD
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3320927000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3394827000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2350126000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
6239000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4032000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
5533662000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
4765140000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
28158000 USD
CY2012Q4 us-gaap Minority Interest
MinorityInterest
23960000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5561820000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4789100000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11210422000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10383749000 USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
55807000 USD
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-117946000 USD
CY2013 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
1900000 USD
CY2012 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
10623000 USD
CY2011 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
-3781000 USD
CY2011 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15250000 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1477455000 USD
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7685000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
281438000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
147344000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
273690000 USD
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
573816000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3139971000 USD
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2080353000 USD
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
884596 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
884596 shares
CY2013 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10088000 USD
CY2012 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
17666000 USD
CY2013 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-13089000 USD
CY2012 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-15174000 USD
CY2011 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
19263000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-97188000 USD
CY2013 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-136107000 USD
CY2012 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
14739000 USD
CY2011 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
135552000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
143575000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
180684000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
194484000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-63551000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-135742000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-136897000 USD
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2279000 USD
CY2012 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-43520000 USD
CY2011 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-47783000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1857224000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2003962000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2079913000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1703349000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1051900000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
612905000 USD
CY2013 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
73970000 USD
CY2012 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
152441000 USD
CY2011 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
532188000 USD
CY2012 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-540098000 USD
CY2011 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-82663000 USD
CY2011 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
33276000 USD
CY2012 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
18200000 USD
CY2012 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
37599000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4618000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
15072000 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12575000 USD
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
9741000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1744906000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-668570000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1092872000 USD
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10000000 USD
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10000000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
278098000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-2375025000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-33782000 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-2120000 USD
CY2013 scco Workers Participation
WorkersParticipation
276376000 USD
CY2012 us-gaap Interest Paid Net
InterestPaidNet
189217000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1140352000 USD
CY2012 scco Proceeds From Damage Award
ProceedsFromDamageAward
2108221000 USD
CY2013 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1350000 USD
CY2012 us-gaap Payments Of Dividends Minority Interest
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3613000 USD
CY2011 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6885000 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1275000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1035000 USD
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1153000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-865329000 USD
CY2012 scco Workers Participation
WorkersParticipation
256042000 USD
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
43425000 USD
CY2013 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-786793000 USD
CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
1611370000 USD
CY2011 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-1344559000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
848118000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2192677000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4036283000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3910409000 USD
CY2013 us-gaap Interest Paid Net
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262490000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
819897000 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1234453000 USD
CY2011 us-gaap Interest Paid Net
InterestPaidNet
189940000 USD
CY2011 scco Workers Participation
WorkersParticipation
241420000 USD
CY2013 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
2207000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-3394000 USD
CY2011 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
8310000 USD
CY2011 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
5417000 USD
CY2013 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-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">NOTE 1-DESCRIPTION OF THE BUSINESS:</font></b></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The Company is a majority-owned, indirect subsidiary of Grupo Mexico. At December 31, 2013, Grupo Mexico through its wholly-owned subsidiary Americas Mining Corporation (&#8220;AMC&#8221;) owned 82.3% of our capital stock. The consolidated financial statements presented herein consist of the accounts of Southern Copper Corporation (&#8220;SCC&#8221; or the &#8220;Company&#8221;), a Delaware corporation, and its subsidiaries.&#160; The Company is an integrated producer of copper and other minerals, and operates mining, smelting and refining facilities in Peru and Mexico.&#160; The Company conducts its primary operations in Peru through a registered branch (the &#8220;Peruvian Branch&#8221; or &#8220;Branch&#8221; or &#8220;SPCC Peru Branch&#8221;).&#160; The Peruvian Branch is not a corporation separate from the Company.&#160; The Company&#8217;s Mexican operations are conducted through subsidiaries. The Company also conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.</font></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> </div>
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2013Q4 us-gaap Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
27800000 USD
CY2013Q4 scco Asset Retirement Obligation Annual Guarantees
AssetRetirementObligationAnnualGuarantees
14200000 USD
CY2012 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
25100000 USD
CY2012Q4 scco Asset Retirement Obligation Increase In Carrying Amount Of The Related Longlived Asset
AssetRetirementObligationIncreaseInCarryingAmountOfTheRelatedLonglivedAsset
20300000 USD
CY2013 scco Asset Retirement Obligation Units Number
AssetRetirementObligationUnitsNumber
3 item
CY2013Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
124800000 USD
CY2012Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
118200000 USD
CY2011Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
62000000 USD
CY2012 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
27400000 USD
CY2013 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1500000 USD
CY2012 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
300000 USD
CY2013 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8100000 USD
CY2012 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4000000 USD
CY2011 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
-71400000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-3500000 USD
CY2013 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
0 USD
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2013 scco Number Of Countries Operating Open Pit Mines
NumberOfCountriesOperatingOpenPitMines
2 country
CY2013 us-gaap Revenues
Revenues
5952900000 USD
CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-176600000 USD
CY2013 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
1703300000 USD
CY2012 us-gaap Revenues
Revenues
6669300000 USD
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-157200000 USD
CY2012 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
1051900000 USD
CY2011 us-gaap Revenues
Revenues
6818700000 USD
CY2011 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-172800000 USD
CY2011 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
612900000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4429900000 USD
CY2011Q4 us-gaap Assets
Assets
8062700000 USD
CY2011 us-gaap Revenue Mineral Sales
RevenueMineralSales
6818721000 USD
CY2013 scco Provisional Price Sales Adjustment In Net Sales
ProvisionalPriceSalesAdjustmentInNetSales
1600000 USD
CY2012 scco Provisional Price Sales Adjustment In Net Sales
ProvisionalPriceSalesAdjustmentInNetSales
6600000 USD
CY2012Q1 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
9000000 shares
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
1400000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1500000 USD
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
4700000 USD
CY2012 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
3500000 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
57142000 USD
CY2012Q4 us-gaap Equity Method Investments
EquityMethodInvestments
47054000 USD
CY2013 us-gaap Payments For Proceeds From Deposit On Loan
PaymentsForProceedsFromDepositOnLoan
-5089000 USD
CY2013 scco Effective Income Tax Rate Reconciliation Peruvian Deemed Distributed Income
EffectiveIncomeTaxRateReconciliationPeruvianDeemedDistributedIncome
0.012 pure
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
-0.050 pure
CY2012 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
-2400000 USD
CY2013 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
2000000000 USD
CY2013Q4 us-gaap General Fair Value Hedge Information Minimum R Square Percentage
GeneralFairValueHedgeInformationMinimumRSquarePercentage
0.999 pure
CY2012Q3 us-gaap Legal Fees
LegalFees
316200000 USD

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