XML 66 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales (including related party sales of $68.8 million in 2011 and $43.5 million in 2010) $ 6,818,721 $ 5,149,500 $ 3,734,280
Operating cost and expenses:      
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) 2,763,152 2,128,999 1,865,828
Selling, general and administrative 104,473 100,287 85,168
Depreciation, amortization and depletion 288,138 281,697 273,558
Exploration 37,535 34,313 24,578
Total operating costs and expenses 3,193,298 2,545,296 2,249,132
Operating income 3,625,423 2,604,204 1,485,148
Interest expense (192,340) (167,949) (99,793)
Capitalized interest 5,851 7,462 2,156
Gain on derivative instruments     4,236
Other (expense) income (4,043) (20,737) 6,077
Interest income 13,797 7,800 6,610
Income before income taxes 3,448,688 2,430,780 1,404,434
Income taxes 1,104,335 868,071 469,861
Net income 2,344,353 1,562,709 934,573
Less: Net income attributable to the non-controlling interest 7,929 8,658 5,192
Net income attributable to SCC $ 2,336,424 $ 1,554,051 $ 929,381
Per common share amounts attributable to SCC:      
Net earnings - basic and diluted (in dollars per share) $ 2.76 $ 1.83 $ 1.09
Dividends paid (in dollars per share) $ 2.46 $ 1.68 $ 0.44
Weighted average shares outstanding - basic 845,901 850,000 850,684
Weighted average shares outstanding - diluted 845,901 850,000 850,684