XML 69 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS        
Net sales (including sales to related parties, see note 7) $ 1,410,223 $ 1,659,876 $ 3,033,225 $ 3,465,812
Operating costs and expenses:        
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) 712,295 667,876 1,438,977 1,389,803
Selling, general and administrative 27,452 25,362 52,826 50,793
Depreciation, amortization and depletion 93,516 78,428 184,088 155,372
Exploration 11,651 12,600 21,975 21,325
Total operating costs and expenses 844,914 784,266 1,697,866 1,617,293
Operating income 565,309 875,610 1,335,359 1,848,519
Interest expense (66,487) (47,409) (131,777) (94,584)
Capitalized interest 15,707 3,201 27,946 6,062
Other income (expense) 16,935 18,324 17,783 25,559
Interest income 4,306 3,563 10,275 7,410
Income before income taxes 535,770 853,289 1,259,586 1,792,966
Income taxes 166,806 309,973 401,752 628,742
Net income before equity earnings of affiliate 368,964 543,316 857,834 1,164,224
Equity earnings of affiliate, net of income tax 5,141 22,020 13,304 24,674
Net income 374,105 565,336 871,138 1,188,898
Less: Net income attributable to the non-controlling interest 1,368 1,789 3,009 3,921
Net income attributable to SCC $ 372,737 $ 563,547 $ 868,129 $ 1,184,977
Per common share amounts attributable to SCC:        
Net income - basic and diluted (in dollars per share) $ 0.44 $ 0.66 $ 1.03 $ 1.39
Dividends paid (in dollars per share) $ 0.20 $ 0.53 $ 0.44 $ 1.07
Weighted average common shares outstanding - basic and diluted (in shares) 845,000 849,461 845,274 849,720