$SCCO
SOUTHERN COPPER CORP/

2023 Q2 Form 10-Q Financial Statement

#000155837023007689 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $2.301B $2.794B
YoY Change -0.27% 1.09%
Cost Of Revenue $1.119B $1.194B
YoY Change -10.28% 12.91%
Gross Profit $1.182B $1.600B
YoY Change 11.5% -6.24%
Gross Profit Margin 51.38% 57.26%
Selling, General & Admin $60.10M $30.40M
YoY Change 94.5% 0.33%
% of Gross Profit 5.08% 1.9%
Research & Development $12.10M $11.90M
YoY Change 3.42% 30.77%
% of Gross Profit 1.02% 0.74%
Depreciation & Amortization $209.2M $203.7M
YoY Change 0.1% 3.61%
% of Gross Profit 17.7% 12.73%
Operating Expenses $281.4M $30.40M
YoY Change 810.68% 0.33%
Operating Profit $900.7M $1.354B
YoY Change 11.4% -7.92%
Interest Expense -$58.40M -$61.40M
YoY Change -27.81% -26.11%
% of Operating Profit -6.48% -4.54%
Other Income/Expense, Net $5.600M $10.50M
YoY Change 43.59% -10.26%
Pretax Income $847.9M $1.303B
YoY Change 15.91% -6.86%
Income Tax $294.5M $480.5M
% Of Pretax Income 34.73% 36.88%
Net Earnings $547.5M $815.9M
YoY Change 26.09% 3.57%
Net Earnings / Revenue 23.8% 29.2%
Basic Earnings Per Share $0.71 $1.05
Diluted Earnings Per Share $0.71 $1.05
COMMON SHARES
Basic Shares Outstanding 773.1M 773.1M
Diluted Shares Outstanding 773.1M 773.1M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.199B $2.300B
YoY Change 4.06% -19.23%
Cash & Equivalents $2.199B $2.300B
Short-Term Investments $300.0K $300.0K
Other Short-Term Assets $427.7M $55.90M
YoY Change 2199.46% -13.33%
Inventory $985.3M $981.8M
Prepaid Expenses
Receivables $1.068B $1.263B
Other Receivables $89.40M $64.10M
Total Short-Term Assets $4.770B $5.198B
YoY Change -4.01% -9.9%
LONG-TERM ASSETS
Property, Plant & Equipment $10.50B $9.614B
YoY Change 10.29% 1.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $100.2M $103.9M
YoY Change -13.47% -10.97%
Other Assets $1.436B $112.6M
YoY Change 1054.95% 9.75%
Total Long-Term Assets $12.17B $12.13B
YoY Change 0.14% -0.04%
TOTAL ASSETS
Total Short-Term Assets $4.770B $5.198B
Total Long-Term Assets $12.17B $12.13B
Total Assets $16.94B $17.32B
YoY Change -1.06% -3.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $480.4M $662.6M
YoY Change -28.46% -4.48%
Accrued Expenses $365.5M $483.9M
YoY Change -1.48% -2.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.061B $1.247B
YoY Change -29.69% -27.73%
LONG-TERM LIABILITIES
Long-Term Debt $6.253B $6.252B
YoY Change 0.05% 0.05%
Other Long-Term Liabilities $1.472B $66.70M
YoY Change 1768.4% 1.06%
Total Long-Term Liabilities $7.725B $7.888B
YoY Change -2.53% -0.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.061B $1.247B
Total Long-Term Liabilities $7.725B $7.888B
Total Liabilities $9.040B $9.135B
YoY Change -4.18% -5.61%
SHAREHOLDERS EQUITY
Retained Earnings $7.517B $7.742B
YoY Change 3.72% -0.5%
Common Stock $3.524B $3.507B
YoY Change 1.21% 0.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.132B $3.115B
YoY Change 1.3% 0.89%
Treasury Stock Shares
Shareholders Equity $7.900B $8.125B
YoY Change
Total Liabilities & Shareholders Equity $16.94B $17.32B
YoY Change -1.06% -3.22%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $547.5M $815.9M
YoY Change 26.09% 3.57%
Depreciation, Depletion And Amortization $209.2M $203.7M
YoY Change 0.1% 3.61%
Cash From Operating Activities $797.1M $1.185B
YoY Change 157.21% 44.41%
INVESTING ACTIVITIES
Capital Expenditures $252.5M $238.1M
YoY Change 12.42% 16.03%
Acquisitions
YoY Change
Other Investing Activities $140.4M $67.70M
YoY Change -140500.0% 67600.0%
Cash From Investing Activities -$112.1M -$170.4M
YoY Change 84.98% 36.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -775.8M -774.7M
YoY Change -19.89% -0.01%
NET CHANGE
Cash From Operating Activities 797.1M 1.185B
Cash From Investing Activities -112.1M -170.4M
Cash From Financing Activities -775.8M -774.7M
Net Change In Cash -90.80M 230.1M
YoY Change -87.63% -248.64%
FREE CASH FLOW
Cash From Operating Activities $797.1M $1.185B
Capital Expenditures $252.5M $238.1M
Free Cash Flow $544.6M $947.1M
YoY Change 538.45% 53.87%

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IncreaseDecreaseInOtherOperatingCapitalNet
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1185200000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
820700000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
238100000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
205200000
CY2023Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-67700000
CY2022Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-80400000
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
100000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-170400000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-124900000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
773100000
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
773100000
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1600000
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1700000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-774700000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-774800000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10000000.0
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-75800000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
230100000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-154800000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2069700000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3002000000.0
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2299800000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2847200000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8146900000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8207800000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8188400000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8220600000
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">NOTE 1— DESCRIPTION OF THE BUSINESS:</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">The Company is a majority-owned, indirect subsidiary of Grupo Mexico S.A.B. de C.V. (“Grupo Mexico”). As of March 31, 2023, Grupo Mexico, through its wholly-owned subsidiary Americas Mining Corporation (“AMC”) owned 88.9% of the Company’s capital stock. The condensed consolidated financial statements presented herein consist of the accounts of Southern Copper Corporation (“Southern Copper”, "SCC" or the “Company”), a Delaware corporation, and its subsidiaries. The Company is an integrated producer of copper and other minerals, and operates mining, smelting and refining facilities in Peru and Mexico. The Company conducts its primary operations in Peru through a registered branch (the "Peruvian Branch" or “Branch” or “SPCC Peru Branch”). The Peruvian Branch is not a corporation separate from the Company. The Company's Mexican operations are conducted through subsidiaries. The Company also conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">In the opinion of the Company, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) necessary to fairly state the Company’s financial position as of March 31, 2023 and the results of operations, comprehensive income, cash flows and changes in equity for the three months ended March 31, 2023 and 2022. The results of operations for the three months ended March 31, 2023 are not necessarily indicative of the results to be expected for the full year. The December 31, 2022 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, 2022 and notes included in the Company’s 2022 annual report on Form 10-K.</p>
CY2023Q1 scco Percentage Of Ownership By Parent
PercentageOfOwnershipByParent
0.889
CY2023Q1 us-gaap Trading Securities
TradingSecurities
140300000
CY2022Q4 us-gaap Trading Securities
TradingSecurities
208000000.0
CY2023Q1 scco Trading Securities Weighted Average Interest Rate
TradingSecuritiesWeightedAverageInterestRate
0.047
CY2022 scco Trading Securities Weighted Average Interest Rate
TradingSecuritiesWeightedAverageInterestRate
0.045
CY2023Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
300000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
300000
CY2023Q1 scco Available For Sale Securities Weighted Average Interest Rate
AvailableForSaleSecuritiesWeightedAverageInterestRate
0.008
CY2022 scco Available For Sale Securities Weighted Average Interest Rate
AvailableForSaleSecuritiesWeightedAverageInterestRate
0.008
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
140600000
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
208300000
CY2022Q1 scco Inventory Ore Stockpiles On Leach Pads Capitalized Costs
InventoryOreStockpilesOnLeachPadsCapitalizedCosts
61500000
CY2023Q1 scco Inventory Ore Stockpiles On Leach Pads Recognized As Cost Of Sales
InventoryOreStockpilesOnLeachPadsRecognizedAsCostOfSales
72300000
CY2022Q1 scco Inventory Ore Stockpiles On Leach Pads Recognized As Cost Of Sales
InventoryOreStockpilesOnLeachPadsRecognizedAsCostOfSales
76000000.0
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
610700000
CY2023Q1 us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
3700000
CY2022Q1 us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
800000
CY2022Q1 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-100000
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
66500000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
78500000
CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
289800000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
330500000
CY2023Q1 scco Inventory Ore Stockpiles On Leach Pads Current
InventoryOreStockpilesOnLeachPadsCurrent
260200000
CY2022Q4 scco Inventory Ore Stockpiles On Leach Pads Current
InventoryOreStockpilesOnLeachPadsCurrent
259700000
CY2023Q1 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
365300000
CY2022Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
345200000
CY2023Q1 us-gaap Inventory Net
InventoryNet
981800000
CY2022Q4 us-gaap Inventory Net
InventoryNet
1013900000
CY2023Q1 us-gaap Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
1066900000
CY2022Q4 us-gaap Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
1064300000
CY2023Q1 scco Inventory Ore Stockpiles On Leach Pads Capitalized Costs
InventoryOreStockpilesOnLeachPadsCapitalizedCosts
75300000
CY2023Q1 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
399000000.0
CY2022Q1 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
511600000
CY2023Q1 scco Mining Royalty Tax Peru
MiningRoyaltyTaxPeru
9800000
CY2022Q1 scco Mining Royalty Tax Peru
MiningRoyaltyTaxPeru
17000000.0
CY2023Q1 scco Mining Royalty Tax Mexico
MiningRoyaltyTaxMexico
51700000
CY2022Q1 scco Mining Royalty Tax Mexico
MiningRoyaltyTaxMexico
58000000.0
CY2023Q1 scco Special Mining Tax
SpecialMiningTax
20000000.0
CY2022Q1 scco Special Mining Tax
SpecialMiningTax
25500000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
480500000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
612100000
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.369
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.438
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23100000
CY2023Q1 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
13700000
CY2022Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
33300000
CY2023Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
116200000
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
120200000
CY2023Q1 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
127900000
CY2022Q1 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
105200000
CY2023Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
500000
CY2022Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
500000
CY2023Q1 scco Number Of Derivative Contracts Entered
NumberOfDerivativeContractsEntered
2
CY2023Q1 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
false
CY2023Q1 us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
false
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0381
CY2022Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6500000
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
591500000
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
29100000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
28800000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
86500000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
107600000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
106300000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
106100000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
105800000
CY2023Q1 scco Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
523500000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1035800000
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
203200000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
832600000
CY2019Q2 scco Maximum Percentage Of Annual Guarantees Secured
MaximumPercentageOfAnnualGuaranteesSecured
0.50
CY2023Q1 scco Percentage Of Guarantee For Pledged Office Complex
PercentageOfGuaranteeForPledgedOfficeComplex
0.50
CY2023Q1 scco Percentage Of Security For Stand By Letter Of Credit
PercentageOfSecurityForStandByLetterOfCredit
0.50
CY2023Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
77100000
CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
28100000
CY2022 scco Asset Retirement Obligation Increase Decrease In Asset Due To Revision In Estimate
AssetRetirementObligationIncreaseDecreaseInAssetDueToRevisionInEstimate
-43300000
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
585300000
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
562900000
CY2022Q1 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
43300000
CY2023Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
200000
CY2022Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
2000000.0
CY2023Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6400000
CY2023Q1 scco Defined Benefit Plan Number Of Expatriate Noncontributory Plans
DefinedBenefitPlanNumberOfExpatriateNoncontributoryPlans
2
CY2023Q1 us-gaap Environmental Costs Recognized Capitalized In Period
EnvironmentalCostsRecognizedCapitalizedInPeriod
25900000
CY2022Q1 us-gaap Environmental Costs Recognized Capitalized In Period
EnvironmentalCostsRecognizedCapitalizedInPeriod
14000000.0
scco Number Of Collective Action Lawsuits
NumberOfCollectiveActionLawsuits
6
scco Number Of Subsidiaries Against Which Lawsuits Filed
NumberOfSubsidiariesAgainstWhichLawsuitsFiled
2
scco Number Of Collective Action Lawsuits Dismissed
NumberOfCollectiveActionLawsuitsDismissed
3
CY2023Q1 scco Number Of Lawsuits In Process
NumberOfLawsuitsInProcess
3
CY2017Q4 scco Number Of Civil Actions Seeking Damages
NumberOfCivilActionsSeekingDamages
33
CY2015 scco Number Of Constitutional Action Lawsuits
NumberOfConstitutionalActionLawsuits
4
CY2015Q4 scco Number Of Subsidiaries To Which Environmental Impact Authorizations Granted
NumberOfSubsidiariesToWhichEnvironmentalImpactAuthorizationsGranted
1
CY2022Q4 scco Compliance With Arbitration Award Compensation Bonus Paid To Each Employee
ComplianceWithArbitrationAwardCompensationBonusPaidToEachEmployee
4000
CY2022Q4 scco Compliance With Arbitration Award Compensation Bonus Paid To Each Employee
ComplianceWithArbitrationAwardCompensationBonusPaidToEachEmployee
1062
CY2022Q4 scco Compliance With Arbitration Award Signing Bonus Paid To Each Employee
ComplianceWithArbitrationAwardSigningBonusPaidToEachEmployee
1000
CY2022Q4 scco Compliance With Arbitration Award Signing Bonus Paid To Each Employee
ComplianceWithArbitrationAwardSigningBonusPaidToEachEmployee
265.6
CY2023Q1 scco Commitments For Capital Projects
CommitmentsForCapitalProjects
439500000
CY2023Q1 us-gaap Treasury Stock Value
TreasuryStockValue
3115100000
CY2022Q1 us-gaap Treasury Stock Value
TreasuryStockValue
3087700000
CY2022Q4 us-gaap Minority Interest
MinorityInterest
62700000
CY2021Q4 us-gaap Minority Interest
MinorityInterest
58600000
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2700000
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3100000
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1800000
CY2022Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1800000
CY2023Q1 us-gaap Minority Interest
MinorityInterest
63600000
CY2022Q1 us-gaap Minority Interest
MinorityInterest
59900000
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
6252000000.0
CY2023Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
6440700000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
6251200000
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
6426800000
CY2021Q3 scco Number Of Derivative Contracts Entered
NumberOfDerivativeContractsEntered
2
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2793900000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2763800000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2793900000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2763800000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2793900000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2763800000
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1262600000
CY2023Q1 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
13700000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1394100000
CY2022Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
33300000
CY2023Q1 scco Long Term Contracts Table Text Bloc
LongTermContractsTableTextBloc
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:79.97%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:81.57%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:4.21%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:14.21%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:81.57%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Copper concentrates (in tonnes)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.21%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">    </p></td><td style="vertical-align:bottom;white-space:nowrap;width:14.21%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 100,000</p></td></tr><tr><td style="vertical-align:bottom;width:81.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Copper cathodes (in tonnes)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:14.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 32,000</p></td></tr><tr><td style="vertical-align:bottom;width:81.57%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Molybdenum concentrates (in tonnes)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.21%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:14.21%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 34,050</p></td></tr><tr><td style="vertical-align:bottom;width:81.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Sulfuric acid (in tonnes)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:4.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:14.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 382,000</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p>
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
1194200000
CY2023Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
30400000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
203700000
CY2023Q1 us-gaap Exploration Expense
ExplorationExpense
11900000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1353700000
CY2023Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-61400000
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10500000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
480500000
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6400000
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2700000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
813200000
CY2023Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
238100000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9613900000
CY2023Q1 us-gaap Assets
Assets
17323300000
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
1057700000
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
30300000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
196600000
CY2022Q1 us-gaap Exploration Expense
ExplorationExpense
9100000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1470100000
CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-83100000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11700000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
612100000
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1200000
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3100000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
784700000
CY2022Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
205200000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9492900000
CY2022Q1 us-gaap Assets
Assets
17898900000

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scco-20230331.xsd Edgar Link pending
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scco-20230331_cal.xml Edgar Link unprocessable
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