XML 99 R51.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENTS AND RELATED INFORMATION: (Tables)
12 Months Ended
Dec. 31, 2011
SEGMENT AND RELATED INFORMATION:  
Schedule of income and assets by segments

 

 

 

 

Year Ended December 31, 2011

 

 

 

(in millions)

 

 

 

Mexican
Open-pit

 

Mexican
IMMSA Unit

 

Peruvian
Operations

 

Corporate
and other
eliminations

 

Total
Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales outside of segments

 

$

3,212.1

 

$

420.1

 

$

3,186.5

 

$

 

$

6,818.7

 

Intersegment sales

 

 

126.1

 

 

(126.1

)

 

Cost of sales (exclusive of depreciation, amortization and depletion)

 

1,115.8

 

309.3

 

1,441.0

 

(102.9

)

2,763.2

 

Selling, general and administrative

 

34.1

 

14.7

 

50.8

 

4.9

 

104.5

 

Depreciation, amortization and depletion

 

133.6

 

24.5

 

140.6

 

(10.6

)

288.1

 

Exploration

 

3.5

 

22.0

 

12.0

 

 

37.5

 

Operating income

 

$

1,925.1

 

$

175.7

 

$

1,542.1

 

$

(17.5

)

3,625.4

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest, net

 

 

 

 

 

 

 

 

 

(172.8

)

Other income (expense)

 

 

 

 

 

 

 

 

 

(4.0

)

Income taxes

 

 

 

 

 

 

 

 

 

(1,104.3

)

Net income

 

 

 

 

 

 

 

 

 

2,344.3

 

Income attributable to the non-controlling interest

 

 

 

 

 

 

 

 

 

(7.9

)

Income attributable to SCC

 

 

 

 

 

 

 

 

 

$

2,336.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

$

358.3

 

$

48.9

 

$

205.7

 

$

 

$

612.9

 

Property, net

 

$

1,817.2

 

$

320.1

 

$

2,225.9

 

$

56.7

 

$

4,419.9

 

Total assets

 

$

3,471.6

 

$

743.4

 

$

3,164.0

 

$

683.7

 

$

8,062.7

 

 

 

 

Year Ended December 31, 2010

 

 

 

(in millions)

 

 

 

Mexican
Open-pit

 

Mexican
IMMSA
Unit

 

Peruvian
Operations

 

Corporate
and other
eliminations

 

Total
Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales outside of segments

 

$

1,618.7

 

$

366.7

 

$

3,125.9

 

$

38.2

 

$

5,149.5

 

Intersegment sales

 

29.8

 

146.0

 

 

(175.8

)

 

Cost of sales (exclusive of depreciation, amortization and depletion)

 

751.7

 

307.4

 

1,206.2

 

(136.3

)

2,129.0

 

Selling, general and administrative

 

31.5

 

13.4

 

52.4

 

3.0

 

100.3

 

Depreciation, amortization and depletion

 

122.1

 

22.7

 

134.0

 

2.9

 

281.7

 

Exploration

 

5.2

 

15.5

 

13.6

 

 

34.3

 

Operating income

 

$

738.0

 

$

153.7

 

$

1,719.7

 

$

(7.2

)

2,604.2

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest, net

 

 

 

 

 

 

 

 

 

(152.7

)

Other income (expense)

 

 

 

 

 

 

 

 

 

(20.7

)

Income taxes

 

 

 

 

 

 

 

 

 

(868.1

)

Net income

 

 

 

 

 

 

 

 

 

1,562.7

 

Income attributable to the non-controlling interest

 

 

 

 

 

 

 

 

 

(8.7

)

Income attributable to SCC

 

 

 

 

 

 

 

 

 

$

1,554.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

$

109.8

 

$

29.8

 

$

264.2

 

$

4.9

 

$

408.7

 

Property, net

 

$

1,583.5

 

$

296.3

 

$

2,164.7

 

$

50.5

 

$

4,095.0

 

Total assets

 

$

2,510.4

 

$

747.7

 

$

3,430.9

 

$

1,439.0

 

$

8,128.0

 

 

 

 

Year Ended December 31, 2009

 

 

 

(in millions)

 

 

 

Mexican
Open-pit

 

Mexican
IMMSA
Unit

 

Peruvian
Operations

 

Corporate
and other
eliminations

 

Total
Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales outside of segments

 

$

1,037.0

 

$

420.2

 

$

2,223.5

 

$

53.6

 

$

3,734.3

 

Intersegment sales

 

39.7

 

140.0

 

 

(179.7

)

 

Cost of sales (exclusive of depreciation, amortization and depletion)

 

594.7

 

378.7

 

1,019.7

 

(127.3

)

1,865.8

 

Selling, general and administrative

 

28.4

 

12.3

 

44.4

 

0.1

 

85.2

 

Depreciation, amortization and depletion

 

120.5

 

24.4

 

127.5

 

1.2

 

273.6

 

Exploration

 

2.1

 

7.9

 

14.6

 

 

24.6

 

Operating income

 

$

331.0

 

$

136.9

 

$

1,017.3

 

$

(0.1

)

1,485.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest, net

 

 

 

 

 

 

 

 

 

(90.9

)

Gain (Loss) on derivative instruments

 

 

 

 

 

 

 

 

 

4.2

 

Other income (expense)

 

 

 

 

 

 

 

 

 

6.1

 

Income taxes

 

 

 

 

 

 

 

 

 

(469.9

)

Net income

 

 

 

 

 

 

 

 

 

934.6

 

Income attributable to the non-controlling interest

 

 

 

 

 

 

 

 

 

(5.2

)

Income attributable to SCC

 

 

 

 

 

 

 

 

 

$

929.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

$

79.4

 

$

27.8

 

$

284.4

 

$

23.2

 

$

414.8

 

Property, net

 

$

1,615.8

 

$

278.4

 

$

2,026.3

 

$

49.1

 

$

3,969.6

 

Total assets

 

$

2,346.5

 

$

664.6

 

$

2,896.9

 

$

150.2

 

$

6,058.2

 

Schedule of sales value per segment

 

 

 

 

Year Ended December 31, 2011

 

(in millions)

 

Mexican
Open-pit

 

Mexican
IMMSA Unit

 

Peruvian
Operations

 

Corporate, Other
& Eliminations

 

Total
Consolidated

 

Copper

 

$

2,509.6

 

$

57.2

 

$

2,720.0

 

$

(57.3

)

$

5,229.5

 

Molybdenum

 

310.8

 

 

233.3

 

 

544.1

 

Silver

 

248.1

 

184.2

 

121.2

 

(61.1

)

492.4

 

Zinc

 

 

209.8

 

 

 

209.8

 

Other

 

143.6

 

95.0

 

112.0

 

(7.7

)

342.9

 

Total

 

$

3,212.1

 

$

546.2

 

$

3,186.5

 

$

(126.1

)

$

6,818.7

 

 

 

 

Year Ended December 31, 2010

 

(in millions)

 

Mexican
Open-pit

 

Mexican
IMMSA Unit

 

Peruvian
Operations

 

Corporate, Other
& Eliminations

 

Total
Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

Copper

 

$

1,088.7

 

$

68.9

 

$

2,649.7

 

$

(61.5

)

$

3,745.8

 

Molybdenum

 

361.3

 

 

322.1

 

 

683.4

 

Silver

 

142.5

 

140.4

 

86.6

 

(61.8

)

307.7

 

Zinc

 

 

211.7

 

 

0.8

 

212.5

 

Other

 

56.0

 

91.7

 

67.5

 

(15.1

)

200.1

 

Total

 

$

1,648.5

 

$

512.7

 

$

3,125.9

 

$

(137.6

)

$

5,149.5

 

 

 

 

Year Ended December 31, 2009

 

(in millions)

 

Mexican
Open-pit

 

Mexican
IMMSA Unit

 

Peruvian
Operations

 

Corporate, Other
& Eliminations

 

Total
Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

Copper

 

$

698.0

 

$

78.1

 

$

1,888.7

 

$

(25.9

)

$

2,638.9

 

Molybdenum

 

234.5

 

 

202.2

 

 

436.7

 

Silver

 

96.6

 

194.7

 

59.6

 

(75.5

)

275.4

 

Zinc

 

 

175.5

 

 

1.1

 

176.6

 

Other

 

47.6

 

111.9

 

73.0

 

(25.8

)

206.7

 

Total

 

$

1,076.7

 

$

560.2

 

$

2,223.5

 

$

(126.1

)

$

3,734.3

 

Schedule of net sales by countries

 

 

 

 

Years Ended December 31,

 

(in millions)

 

2011

 

2010

 

2009

 

United States

 

$

2,103.7

 

$

1,281.3

 

$

1,025.4

 

Europe

 

1,292.1

 

1,066.6

 

887.0

 

Mexico

 

1,269.3

 

872.4

 

858.2

 

Peru

 

261.7

 

315.8

 

112.6

 

Brasil

 

598.5

 

446.6

 

258.4

 

Chile

 

515.8

 

503.0

 

183.2

 

Latin America, other

 

101.2

 

167.2

 

95.3

 

Asia

 

662.9

 

538.5

 

314.2

 

Derivative instruments

 

13.5

 

(41.9

)

 

Total

 

$

6,818.7

 

$

5,149.5

 

$

3,734.3

 

Schedule of provisionally priced copper and molybdenum sales outstanding

 

 

Pounds
of copper

 

Priced at

 

Month of settlement

 

(millions)

 

 

 

 

 

52.5

 

3.44

 

January 2012

 

11.8

 

3.45

 

February 2012

 

64.3

 

 

 

 

 

 

Pounds
of molybdenum

 

Market price

 

Month of settlement

 

(millions)

 

 

 

 

 

4.4

 

13.35

 

January 2012

 

3.2

 

13.35

 

February 2012

 

2.7

 

13.35

 

March 2012

 

10.3

 

13.35

 

Total

 

Schedule of provisional sales price adjustments included in accounts receivable and net sales

 

 

 

 

As of December 31,

 

 

 

2011

 

2010

 

Copper

 

$

1.4

 

$

4.8

 

Molybdenum

 

(3.4

)

7.3

 

Total

 

$

(2.0

)

$

12.1