XML 38 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
SEGMENT AND RELATED INFORMATION: (Details) (USD $)
3 Months Ended
Mar. 31, 2015
segment
Mar. 31, 2014
Dec. 31, 2014
SEGMENT AND RELATED INFORMATION:      
Number of reportable segments 3us-gaap_NumberOfReportableSegments    
Financial information relating to segments      
Net sales $ 1,274,800,000us-gaap_Revenues $ 1,354,400,000us-gaap_Revenues  
Cost of sales (exclusive of depreciation, amortization and depletion) 679,822,000us-gaap_CostOfRevenue 641,894,000us-gaap_CostOfRevenue  
Selling, general and administrative 24,869,000us-gaap_SellingGeneralAndAdministrativeExpense 24,498,000us-gaap_SellingGeneralAndAdministrativeExpense  
Depreciation, amortization and depletion 116,963,000us-gaap_DepreciationDepletionAndAmortization 110,453,000us-gaap_DepreciationDepletionAndAmortization  
Exploration 10,288,000us-gaap_ExplorationExpenseMining 14,611,000us-gaap_ExplorationExpenseMining  
Environmental reclamation 5,928,000us-gaap_EnvironmentalRemediationExpense    
Operating income 436,937,000us-gaap_OperatingIncomeLoss 562,927,000us-gaap_OperatingIncomeLoss  
Interest, net (23,100,000)us-gaap_InterestIncomeExpenseNet (36,000,000)us-gaap_InterestIncomeExpenseNet  
Other income (expense) (3,764,000)us-gaap_OtherNonoperatingIncomeExpense (4,206,000)us-gaap_OtherNonoperatingIncomeExpense  
Income taxes (129,193,000)us-gaap_IncomeTaxExpenseBenefit (204,162,000)us-gaap_IncomeTaxExpenseBenefit  
Equity earnings of affiliate 2,760,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss 6,038,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss  
Non-controlling interest (1,257,000)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (1,208,000)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest  
Net income attributable to SCC 282,430,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 323,389,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic  
Capital investment 245,800,000us-gaap_PropertyPlantAndEquipmentAdditions 336,900,000us-gaap_PropertyPlantAndEquipmentAdditions  
Property, net 7,545,631,000us-gaap_PropertyPlantAndEquipmentNet 6,685,500,000us-gaap_PropertyPlantAndEquipmentNet 7,436,430,000us-gaap_PropertyPlantAndEquipmentNet
Total assets 11,247,902,000us-gaap_Assets 11,264,700,000us-gaap_Assets 11,551,910,000us-gaap_Assets
Corporate, other and eliminations      
Financial information relating to segments      
Net sales (18,900,000)us-gaap_Revenues
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
(24,400,000)us-gaap_Revenues
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
 
Cost of sales (exclusive of depreciation, amortization and depletion) (12,300,000)us-gaap_CostOfRevenue
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
4,900,000us-gaap_CostOfRevenue
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
 
Selling, general and administrative 1,200,000us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
900,000us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
 
Depreciation, amortization and depletion 2,200,000us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
800,000us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
 
Exploration 4,500,000us-gaap_ExplorationExpenseMining
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
6,800,000us-gaap_ExplorationExpenseMining
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
 
Operating income (14,500,000)us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
(37,800,000)us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
 
Capital investment 1,300,000us-gaap_PropertyPlantAndEquipmentAdditions
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
2,400,000us-gaap_PropertyPlantAndEquipmentAdditions
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
 
Property, net 94,300,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
85,800,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
 
Total assets (859,600,000)us-gaap_Assets
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
658,300,000us-gaap_Assets
/ us-gaap_ConsolidationItemsAxis
= scco_CorporateOtherAndEliminationsMember
 
Mexican Open-Pit | Operating segment      
Financial information relating to segments      
Net sales 664,200,000us-gaap_Revenues
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
648,200,000us-gaap_Revenues
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
 
Cost of sales (exclusive of depreciation, amortization and depletion) 299,200,000us-gaap_CostOfRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
229,500,000us-gaap_CostOfRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
 
Selling, general and administrative 9,400,000us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
8,700,000us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
 
Depreciation, amortization and depletion 54,100,000us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
54,700,000us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
 
Exploration 800,000us-gaap_ExplorationExpenseMining
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
900,000us-gaap_ExplorationExpenseMining
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
 
Environmental reclamation 5,900,000us-gaap_EnvironmentalRemediationExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
   
Operating income 294,800,000us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
354,400,000us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
 
Capital investment 184,700,000us-gaap_PropertyPlantAndEquipmentAdditions
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
267,700,000us-gaap_PropertyPlantAndEquipmentAdditions
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
 
Property, net 4,502,600,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
3,764,700,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
 
Total assets 7,569,800,000us-gaap_Assets
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
6,314,900,000us-gaap_Assets
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanOpenPitMember
 
Mexican IMMSA Unit | Operating segment      
Financial information relating to segments      
Net sales 90,300,000us-gaap_Revenues
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
95,900,000us-gaap_Revenues
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
 
Cost of sales (exclusive of depreciation, amortization and depletion) 89,900,000us-gaap_CostOfRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
84,400,000us-gaap_CostOfRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
 
Selling, general and administrative 4,000,000us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
3,700,000us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
 
Depreciation, amortization and depletion 7,700,000us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
7,800,000us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
 
Exploration 2,300,000us-gaap_ExplorationExpenseMining
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
5,000,000us-gaap_ExplorationExpenseMining
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
 
Operating income 5,300,000us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
19,400,000us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
 
Capital investment 6,600,000us-gaap_PropertyPlantAndEquipmentAdditions
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
9,000,000us-gaap_PropertyPlantAndEquipmentAdditions
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
 
Property, net 388,300,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
380,800,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
 
Total assets 890,600,000us-gaap_Assets
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
863,000,000us-gaap_Assets
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
 
Mexican IMMSA Unit | Intersegment sales      
Financial information relating to segments      
Net sales 18,900,000us-gaap_Revenues
/ us-gaap_ConsolidationItemsAxis
= us-gaap_IntersegmentEliminationMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
24,400,000us-gaap_Revenues
/ us-gaap_ConsolidationItemsAxis
= us-gaap_IntersegmentEliminationMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_MexicanIMMSAUnitMember
 
Peruvian Operations | Operating segment      
Financial information relating to segments      
Net sales 520,300,000us-gaap_Revenues
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
610,300,000us-gaap_Revenues
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
 
Cost of sales (exclusive of depreciation, amortization and depletion) 303,000,000us-gaap_CostOfRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
323,100,000us-gaap_CostOfRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
 
Selling, general and administrative 10,300,000us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
11,200,000us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
 
Depreciation, amortization and depletion 53,000,000us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
47,200,000us-gaap_DepreciationDepletionAndAmortization
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
 
Exploration 2,700,000us-gaap_ExplorationExpenseMining
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
1,900,000us-gaap_ExplorationExpenseMining
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
 
Operating income 151,300,000us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
226,900,000us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
 
Capital investment 53,200,000us-gaap_PropertyPlantAndEquipmentAdditions
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
57,800,000us-gaap_PropertyPlantAndEquipmentAdditions
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
 
Property, net 2,560,400,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
2,454,200,000us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
 
Total assets $ 3,647,100,000us-gaap_Assets
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember
$ 3,428,500,000us-gaap_Assets
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= scco_PeruvianOperationsMember