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CONDENSED CONSOLIDATED STATEMENT OF EARNINGS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 1,801,498 $ 1,173,240 $ 3,403,517 $ 2,392,645
Operating costs and expenses:        
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) 695,977 531,484 1,432,837 1,042,467
Selling, general and administrative 25,744 21,964 50,316 43,682
Depreciation, amortization and depletion 72,898 69,304 143,542 138,772
Exploration 8,147 10,065 15,365 18,530
Total operating costs and expenses 802,766 632,817 1,642,060 1,243,451
Operating income 998,732 540,423 1,761,457 1,149,194
Interest expense (48,297) (45,050) (95,861) (68,838)
Capitalized interest 1,357   2,293  
Gain on sale of property 6,410   6,410  
Other income (expense) 318 (6,489) (262) (5,056)
Interest income 3,534 1,328 6,245 3,380
Income before income taxes 962,054 490,212 1,680,282 1,078,680
Income taxes 301,935 174,901 540,016 378,142
Net income 660,119 315,311 1,140,266 700,538
Less: Net income attributable to the non-controlling interest 2,082 1,924 3,853 3,907
Net income attributable to SCC $ 658,037 $ 313,387 $ 1,136,413 $ 696,631
Per common share amounts attributable to SCC:        
Net income - basic (in dollars per share) $ 0.78 $ 0.37 $ 1.34 $ 0.82
Net income - diluted (in dollars per share) $ 0.78 $ 0.37 $ 1.34 $ 0.82
Dividends paid (in dollars per share) $ 0.56 $ 0.45 $ 1.14 $ 0.88
Weighted average common shares outstanding - basic (in shares) 848,937 850,000 849,465 850,000
Weighted average common shares outstanding - diluted (in shares) 848,937 850,000 849,465 850,000