XML 49 R36.htm IDEA: XBRL DOCUMENT v3.20.2
SEGMENT AND RELATED INFORMATION: (Tables)
6 Months Ended
Jun. 30, 2020
SEGMENT AND RELATED INFORMATION:  
Schedule of financial information relating to Company's segments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 2020

​

​

(in millions)

​

    

​

    

Mexican

    

​

​

    

Corporate, other

    

​

​

​

​

Mexican

​

IMMSA 

​

Peruvian 

​

and

​

​

​

​

​

Open-pit

​

Unit

​

Operations

​

eliminations

​

Consolidated

Net sales outside of segments

​

$

1,016.7

​

$

80.1

​

$

688.6

​

$

—

​

$

1,785.4

Intersegment sales

​

 

—

​

​

21.5

​

 

—

​

 

(21.5)

​

 

—

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

​

 

526.4

​

 

81.9

​

 

395.9

​

 

(27.5)

​

 

976.7

Selling, general and administrative

​

 

19.2

​

 

1.8

​

 

8.3

​

 

2.1

​

 

31.4

Depreciation, amortization and depletion

​

 

93.6

​

 

10.3

​

 

80.3

​

 

9.6

​

 

193.8

Exploration

​

 

0.8

​

 

2.2

​

 

2.5

​

 

0.8

​

 

6.3

Operating income

​

$

376.7

​

$

5.4

​

$

201.6

​

$

(6.5)

​

​

577.2

Less:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest, net

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(87.8)

Other income (expense)

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(1.0)

Income taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(224.4)

Equity earnings of affiliate

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(3.1)

Non-controlling interest

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(1.4)

Net income attributable to SCC

​

​

​

​

​

​

​

​

​

​

​

​

​

$

259.5

Capital investment

​

$

65.5

​

$

14.4

​

$

30.8

​

$

2.6

​

$

113.3

Property and mine development, net

​

$

4,400.1

​

$

506.7

​

$

3,775.9

​

$

514.3

​

$

9,197.0

Total assets

​

$

7,150.2

​

$

824.1

​

$

4,749.4

​

$

3,081.3

​

$

15,805.0

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 2020

​

​

(in millions)

​

    

​

    

Mexican

    

​

​

    

Corporate, other

    

​

​

​

​

Mexican

​

IMMSA 

​

Peruvian 

​

and

​

​

​

​

​

Open-pit

​

Unit

​

Operations

​

eliminations

​

Consolidated

Net sales outside of segments

​

$

1,970.4

​

$

187.8

​

$

1,346.9

​

$

—

​

$

3,505.1

Intersegment sales

​

 

—

​

 

48.3

​

 

—

​

 

(48.3)

​

 

—

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

​

 

991.4

​

 

194.1

​

 

806.9

​

 

(60.0)

​

 

1,932.4

Selling, general and administrative

​

 

35.9

​

 

4.2

​

 

17.4

​

 

3.1

​

 

60.6

Depreciation, amortization and depletion

​

 

185.0

​

 

20.9

​

 

161.6

​

 

19.3

​

 

386.8

Exploration

​

 

1.5

​

 

5.1

​

 

4.1

​

 

4.2

​

 

14.9

Operating income

​

$

756.6

​

$

11.8

​

$

356.9

​

$

(14.9)

​

​

1,110.4

Less:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest, net

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(176.6)

Other income (expense)

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(8.4)

Income taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(446.2)

Equity earnings of affiliate

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(2.1)

Non-controlling interest

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(2.8)

Net income attributable to SCC

​

​

​

​

​

​

​

​

​

​

​

​

​

$

474.3

Capital investment

​

$

103.7

​

$

39.7

​

$

66.0

​

$

4.9

​

$

214.3

Property and mine development, net

​

$

4,400.1

​

$

506.7

​

$

3,775.9

​

$

514.3

​

$

9,197.0

Total assets

​

$

7,150.2

​

$

824.1

​

$

4,749.4

​

$

3,081.3

​

$

15,805.0

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 2019

​

​

(in millions)

​

    

​

    

Mexican

    

​

​

    

Corporate, other

    

​

​

​

​

Mexican

​

IMMSA 

​

Peruvian 

​

and

​

​

​

​

Open-pit

​

Unit

​

Operations

​

eliminations

​

Consolidated

Net sales outside of segments

​

$

954.6

​

$

96.9

​

$

766.5

​

$

—

​

$

1,818.0

Intersegment sales

​

 

—

​

 

25.4

​

 

—

​

 

(25.4)

​

 

—

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

​

 

385.2

​

 

104.5

​

 

407.5

​

 

(29.9)

​

 

867.3

Selling, general and administrative

​

 

15.7

​

 

2.2

​

 

9.2

​

 

3.8

​

 

30.9

Depreciation, amortization and depletion

​

 

87.9

​

 

13.3

​

 

84.5

​

 

13.1

​

 

198.8

Exploration

​

 

0.5

​

 

2.6

​

 

4.2

​

 

0.1

​

 

7.4

Operating income

​

$

465.3

​

$

(0.3)

​

$

261.1

​

$

(12.5)

​

​

713.6

Less:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest, net

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(79.6)

Other income (expense)

​

​

​

​

​

​

​

​

​

​

​

​

​

 

23.0

Income taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(251.1)

Equity earnings of affiliate

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(1.5)

Non-controlling interest

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(2.0)

Net income attributable to SCC

​

​

​

​

​

​

​

​

​

​

​

​

​

$

402.4

Capital investment

​

$

62.6

​

$

22.5

​

$

94.3

​

$

1.0

​

$

180.4

Property and mine development, net

​

$

4,710.9

​

$

468.9

​

$

3,870.3

​

$

364.5

​

$

9,414.6

Total assets

​

$

8,014.9

​

$

842.1

​

$

4,953.3

​

$

1,534.3

​

$

15,344.6

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 2019

​

​

(in millions)

​

    

​

    

Mexican

    

​

​

    

Corporate, other

    

​

​

​

​

Mexican

​

IMMSA 

​

Peruvian 

​

and

​

​

​

​

Open-pit

​

Unit

​

Operations

​

eliminations

​

Consolidated

Net sales outside of segments

​

$

2,026.7

​

$

198.1

​

$

1,346.6

​

$

—

​

$

3,571.4

Intersegment sales

​

 

—

​

 

45.3

​

 

—

​

 

(45.3)

​

 

—

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

​

 

804.8

​

 

204.5

​

 

755.5

​

 

(53.4)

​

 

1,711.4

Selling, general and administrative

​

 

32.0

​

​

4.0

​

​

18.8

​

​

4.6

​

 

59.4

Depreciation, amortization and depletion

​

 

172.9

​

 

26.2

​

 

159.4

​

 

21.9

​

 

380.4

Exploration

​

 

0.9

​

 

4.6

​

 

7.1

​

 

0.3

​

 

12.9

Operating income

​

$

1,016.1

​

$

4.1

​

$

405.8

​

$

(18.7)

​

​

1,407.3

Less:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest, net

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(153.7)

Other income (expense)

​

​

​

​

​

​

​

​

​

​

​

​

​

 

28.3

Income taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(489.0)

Equity earnings of affiliate

​

​

​

​

​

​

​

​

​

​

​

​

​

 

0.7

Non-controlling interest

​

​

​

​

​

​

​

​

​

​

​

​

​

 

(3.0)

Net income attributable to SCC

​

​

​

​

​

​

​

​

​

​

​

​

​

$

790.6

Capital investment

​

$

121.2

​

$

47.5

​

$

182.7

​

$

2.1

​

$

353.5

Property and mine development, net

​

$

4,710.9

​

$

468.9

​

$

3,870.3

​

$

364.5

​

$

9,414.6

Total assets

​

$

8,014.9

​

$

842.1

​

$

4,953.3

​

$

1,534.3

​

$

15,344.6

Schedule of provisionally priced copper and molybdenum sales outstanding

Following are the provisionally priced copper and molybdenum sales outstanding at June 30, 2020:

​

​

​

​

​

​

​

​

​

    

Sales volume

    

Priced at

    

​

​

​

(million lbs.)

​

(per pound)

​

Month of settlement

Copper

​

113.2

​

2.73

​

July 2020 through November 2020

Molybdenum

​

18.0

​

7.38

​

July 2020 through September 2020