Cash flow Southern Copper Corporation

Equities

SCCO

US84265V1052

Specialty Mining & Metals

Market Closed - Nyse Other stock markets 04:00:02 2025-01-24 pm EST			5-day change	1st Jan Change
96.50 ^USD	-0.70%		-1.65%	+5.89%

Dec. 12	Morgan Stanley Upgrades Southern Copper to Equalweight From Underweight	MT
Dec. 02	JPMorgan Upgrades Southern Copper to Neutral From Underweight, Price Target is $92.50	MT

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Published financial data: SOUTHERN COPPER CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	7.29B	7.98B	10.93B	10.05B	9.9B
Total Revenues	7.29B	7.98B	10.93B	10.05B	9.9B
Cost of Goods Sold, Total	3.49B	3.79B	3.79B	4.53B	4.57B
Gross Profit	3.79B	4.2B	7.15B	5.51B	5.32B
Selling General & Admin Expenses, Total	246M	241M	234M	241M	243M
Exploration / Drilling Costs, Total	29.8M	32.4M	43.2M	41.6M	54.9M
Depreciation & Amortization - (IS)	764M	776M	806M	796M	834M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	1.04B	1.05B	1.08B	1.08B	1.13B
Operating Income	2.75B	3.15B	6.07B	4.44B	4.19B
Interest Expense, Total	-341M	-367M	-357M	-340M	-327M
Interest And Investment Income	21.2M	19.2M	7.2M	35M	86.6M
Net Interest Expenses	-320M	-347M	-350M	-305M	-240M
Income (Loss) On Equity Invest.	10.7M	6.4M	13.6M	-3.7M	-2.2M
Other Non Operating Income (Expenses)	-32M	-3.4M	-18.6M	117M	3.5M
EBT, Excl. Unusual Items	2.41B	2.8B	5.71B	4.24B	3.95B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	100K	200K	100K	100K
Insurance Settlements	25M	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-51.8M	-	-	-
EBT, Incl. Unusual Items	2.44B	2.75B	5.71B	4.24B	3.95B
Income Tax Expense	945M	1.17B	2.3B	1.6B	1.52B
Earnings From Continuing Operations	1.49B	1.58B	3.41B	2.65B	2.43B
Net Income to Company	1.49B	1.58B	3.41B	2.65B	2.43B
Minority Interest	-6.1M	-7.4M	-14.1M	-9.5M	-9.5M
Net Income - (IS)	1.49B	1.57B	3.4B	2.64B	2.43B
Net Income to Common Incl Extra Items	1.49B	1.57B	3.4B	2.64B	2.43B
Net Income to Common Excl. Extra Items	1.49B	1.57B	3.4B	2.64B	2.43B
Per Share Items
Net EPS - Basic	1.88	1.99	4.3	3.34	3.07
Basic EPS - Continuing Operations	1.88	1.99	4.3	3.34	3.07
Basic Weighted Average Shares Outstanding	790M	790M	790M	790M	790M
Net EPS - Diluted	1.88	1.99	4.3	3.34	3.07
Diluted EPS - Continuing Operations	1.88	1.99	4.3	3.34	3.07
Diluted Weighted Average Shares Outstanding	790M	790M	790M	790M	790M
Normalized Basic EPS	1.9	2.21	4.5	3.34	3.11
Normalized Diluted EPS	1.9	2.21	4.5	3.34	3.11
Dividend Per Share	1.56	1.47	3.13	3.42	3.91
Payout Ratio	83.25	73.84	72.82	102.55	127.51
Supplemental Items
EBITDA	3.52B	3.92B	6.87B	5.23B	5.03B
EBITA	2.76B	3.16B	6.07B	4.44B	4.2B
EBIT	2.75B	3.15B	6.07B	4.44B	4.19B
EBITDAR	3.63B	4.04B	6.98B	5.35B	5.14B
Effective Tax Rate - (Ratio)	38.79	42.67	40.26	37.61	38.42
Current Domestic Taxes	-	-	-	100K	4.6M
Current Foreign Taxes	-	-	-	1.24B	1.34B
Total Current Taxes	-	-	-	1.24B	1.34B
Deferred Foreign Taxes	-	-	-	119M	-59.1M
Total Deferred Taxes	-	-	-	119M	-59.1M
Normalized Net Income	1.5B	1.75B	3.55B	2.64B	2.46B
Interest Capitalized	32.2M	26.8M	30.8M	47M	49.6M
Interest on Long-Term Debt	373M	393M	388M	387M	376M
Non-Cash Pension Expense	-1.2M	-1.1M	-1.4M	-1M	-1.2M
Supplemental Operating Expense Items
Exploration/Drilling Costs	29.8M	32.4M	43.2M	41.6M	54.9M
Net Rental Expense, Total	115M	115M	108M	116M	116M
Imputed Operating Lease Interest Expense	49.28M	46.63M	44.89M	49.19M	49.25M
Imputed Operating Lease Depreciation	65.92M	68.27M	63.51M	66.51M	66.35M
Stock-Based Comp., Other (Total)	1.7M	1.7M	1.6M	1.6M	1.2M
Total Stock-Based Compensation	1.7M	1.7M	1.6M	1.6M	1.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.93B	2.18B	3B	2.07B	1.15B
Short Term Investments	80.7M	411M	487M	208M	599M
Total Cash And Short Term Investments	2.01B	2.59B	3.49B	2.28B	1.75B
Accounts Receivable, Total	860M	1.09B	1.41B	1.43B	1.17B
Other Receivables	52.1M	47.6M	39.3M	46.9M	60.1M
Total Receivables	912M	1.14B	1.45B	1.47B	1.23B
Inventory	1.07B	950M	973M	1.01B	1.02B
Prepaid Expenses	172M	105M	198M	378M	395M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	26.2M	29.2M	33.5M	44.4M	38.1M
Total Current Assets	4.18B	4.82B	6.14B	5.19B	4.43B
Gross Property Plant And Equipment	17.91B	18.61B	19.19B	19.95B	20.56B
Accumulated Depreciation	-7.49B	-8.18B	-8.81B	-9.5B	-10B
Net Property Plant And Equipment	10.42B	10.44B	10.38B	10.45B	10.56B
Long-term Investments	112M	114M	115M	111M	108M
Goodwill	41.9M	41.9M	41.9M	41.9M	41.9M
Other Intangibles, Total	106M	101M	96.2M	92.8M	88.3M
Accounts Receivable Long-Term	59.5M	-	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	184M	230M	316M	237M	256M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.3B	1.21B	1.21B	1.16B	1.24B
Total Assets	16.41B	16.95B	18.3B	17.28B	16.73B
Liabilities
Accounts Payable, Total	598M	595M	592M	658M	653M
Accrued Expenses, Total	294M	379M	452M	363M	380M
Current Portion of Long-Term Debt	400M	-	300M	-	-
Current Portion of Leases	68.6M	70.6M	73.9M	77.3M	78M
Current Income Taxes Payable	116M	341M	833M	138M	278M
Deferred Tax Liability Current	-	-	-	-	-
Total Current Liabilities	1.48B	1.38B	2.25B	1.24B	1.39B
Long-Term Debt	6.54B	6.54B	6.25B	6.25B	6.25B
Long-Term Leases	978M	908M	842M	774M	697M
Deferred Tax Liability Non Current	178M	159M	118M	161M	132M
Other Non Current Liabilities	376M	674M	631M	708M	771M
Total Liabilities	9.55B	9.67B	10.09B	9.13B	9.24B
Common Stock, Total	8.8M	8.8M	8.8M	8.8M	8.8M
Additional Paid In Capital	3.42B	3.44B	3.45B	3.49B	3.53B
Retained Earnings	6.44B	6.85B	7.77B	7.7B	7.03B
Treasury Stock	-3.05B	-3.06B	-3.07B	-3.11B	-3.15B
Comprehensive Income and Other	-10.1M	-8.4M	-9.4M	-9M	-8M
Total Common Equity	6.81B	7.22B	8.15B	8.08B	7.42B
Minority Interest	47.9M	51.2M	58.6M	62.7M	63.1M
Total Equity	6.86B	7.28B	8.21B	8.15B	7.48B
Total Liabilities And Equity	16.41B	16.95B	18.3B	17.28B	16.73B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	790M	790M	790M	790M	790M
ECS Total Common Shares Outstanding	790M	790M	790M	790M	790M
Book Value / Share	8.62	9.14	10.31	10.23	9.39
Tangible Book Value	6.66B	7.08B	8.01B	7.95B	7.29B
Tangible Book Value Per Share	8.43	8.96	10.14	10.06	9.22
Total Debt	7.99B	7.52B	7.46B	7.1B	7.03B
Net Debt	5.98B	4.93B	3.98B	4.82B	5.28B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-17.9M	-24.5M	-19.7M	-20.6M	-25.8M
Debt Equivalent Oper. Leases	922M	919M	867M	926M	925M
Minority Interest, Total (Incl. Fin. Div)	47.9M	51.2M	58.6M	62.7M	63.1M
Equity Method Investments, Total	112M	114M	115M	111M	108M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	358M	298M	260M	260M	231M
Inventories - Work In Process, Total	260M	249M	341M	330M	313M
Inventories - Finished Goods, Total	87.2M	50.8M	58.6M	78.5M	68.8M
Inventories - Others	363M	352M	314M	345M	404M
Land - (BS)	200M	236M	259M	275M	278M
Buildings, Total	15.02B	15.56B	15.99B	16.72B	17.44B
Full Time Employees	14.3K	13.78K	14.7K	15.02K	15.81K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.49B	1.57B	3.4B	2.64B	2.43B
Depreciation & Amortization - CF	760M	766M	797M	789M	826M
Amortization of Goodwill and Intangible Assets - (CF)	4.5M	9.2M	8.7M	7.3M	7.9M
Depreciation & Amortization, Total	764M	776M	806M	796M	834M
(Income) Loss On Equity Investments - (CF)	-6.3M	-10.4M	-1.1M	4.6M	2.6M
Other Operating Activities, Total	15M	-35.7M	-100M	203M	1.7M
Change In Accounts Receivable	-10.5M	-236M	-290M	-35.4M	253M
Change In Inventories	-88.7M	224M	4.7M	-7.7M	-60.4M
Change In Accounts Payable	-185M	314M	558M	-718M	152M
Change in Other Net Operating Assets	-62.9M	182M	-82.4M	-79.1M	-34.7M
Cash from Operations	1.91B	2.78B	4.29B	2.8B	3.57B
Capital Expenditure	-708M	-592M	-892M	-948M	-1.01B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	133M	-330M	-76.1M	278M	-391M
Other Investing Activities, Total	400K	6.5M	-4.5M	3.2M	1.2M
Cash from Investing	-574M	-916M	-973M	-667M	-1.4B
Long-Term Debt Issued, Total	987M	-	-	-	-
Total Debt Issued	987M	-	-	-	-
Long-Term Debt Repaid, Total	-	-400M	-	-300M	-
Total Debt Repaid	-	-400M	-	-300M	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-1.24B	-1.16B	-2.47B	-2.71B	-3.09B
Common & Preferred Stock Dividends Paid	-1.24B	-1.16B	-2.47B	-2.71B	-3.09B
Special Dividend Paid	-36.5M	-	-	-	-
Other Financing Activities, Total	23.9M	-3.7M	-6.4M	-5.2M	-8.8M
Cash from Financing	-262M	-1.56B	-2.48B	-3.01B	-3.1B
Foreign Exchange Rate Adjustments	4.8M	-46M	-20.9M	-57M	8.3M
Net Change in Cash	1.08B	258M	818M	-932M	-918M
Supplemental Items
Cash Interest Paid	357M	384M	380M	380M	370M
Cash Income Tax Paid (Refund)	1.14B	1.04B	1.95B	2.39B	1.43B
Levered Free Cash Flow	1.3B	2.19B	3.62B	1.43B	2.63B
Unlevered Free Cash Flow	1.51B	2.42B	3.84B	1.64B	2.83B
Change In Net Working Capital	266M	-264M	-132M	977M	-383M
Net Debt Issued / Repaid	987M	-400M	-	-300M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.21	11.8	21.51	15.59	15.41
Return on Total Capital	12.55	13.28	24.88	17.93	17.61
Return On Equity %	22.15	22.33	44.06	32.38	31.16
Return on Common Equity	22.21	22.38	44.19	32.51	31.29
Margin Analysis
Gross Profit Margin %	52.07	52.56	65.37	54.88	53.8
SG&A Margin	3.38	3.02	2.14	2.39	2.45
EBITDA Margin %	48.28	49.14	62.84	52.07	50.79
EBITA Margin %	37.85	39.54	55.55	44.22	42.44
EBIT Margin %	37.79	39.43	55.47	44.15	42.36
Income From Continuing Operations Margin %	20.48	19.76	31.2	26.35	24.6
Net Income Margin %	20.39	19.67	31.07	26.26	24.51
Net Avail. For Common Margin %	20.39	19.67	31.07	26.26	24.51
Normalized Net Income Margin	20.61	21.85	32.51	26.3	24.87
Levered Free Cash Flow Margin	17.85	27.4	33.06	14.25	26.53
Unlevered Free Cash Flow Margin	20.78	30.27	35.1	16.37	28.59
Asset Turnover
Asset Turnover	0.47	0.48	0.62	0.56	0.58
Fixed Assets Turnover	0.74	0.77	1.05	0.96	0.94
Receivables Turnover (Average Receivables)	8.24	8.2	8.76	7.09	7.63
Inventory Turnover (Average Inventory)	3.32	3.75	3.94	4.56	4.5
Short Term Liquidity
Current Ratio	2.83	3.48	2.73	4.2	3.19
Quick Ratio	1.98	2.69	2.19	3.04	2.15
Operating Cash Flow to Current Liabilities	1.29	2.01	1.91	2.27	2.57
Days Sales Outstanding (Average Receivables)	44.28	44.66	41.67	51.48	47.86
Days Outstanding Inventory (Average Inventory)	109.81	97.53	92.69	79.98	81.06
Average Days Payable Outstanding	65.79	59.49	56.85	49.85	52.26
Cash Conversion Cycle (Average Days)	88.31	82.7	77.51	81.61	76.66
Long Term Solvency
Total Debt/Equity	116.46	103.4	90.94	87.18	93.97
Total Debt / Total Capital	53.8	50.84	47.63	46.58	48.45
LT Debt/Equity	109.63	102.43	86.38	86.23	92.93
Long-Term Debt / Total Capital	50.65	50.36	45.24	46.07	47.91
Total Liabilities / Total Assets	58.2	57.06	55.14	52.85	55.27
EBIT / Interest Expense	8.08	8.59	16.98	13.04	12.83
EBITDA / Interest Expense	10.66	11.02	19.54	15.72	15.74
(EBITDA - Capex) / Interest Expense	8.59	9.4	17.05	12.94	12.65
Total Debt / EBITDA	2.2	1.86	1.07	1.33	1.37
Net Debt / EBITDA	1.65	1.22	0.57	0.9	1.03
Total Debt / (EBITDA - Capex)	2.73	2.18	1.23	1.61	1.7
Net Debt / (EBITDA - Capex)