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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES      
Net income $ 2,344,353 $ 1,562,709 $ 934,573
Adjustments to reconcile net earnings to net cash provided from operating activities:      
Depreciation, amortization and depletion 288,138 281,697 273,558
(Gain) loss on currency translation effect (19,263) 13,585 18,307
Provision (benefit) for deferred income taxes (117,946) (40,426) 41,231
Gain on sale of property (7,311)   (6,173)
Loss (gain) on short-term investments 3,781 (1,020) (4,353)
Unrealized gain on derivative investments     (56,815)
Cash provided from (used for) operating assets and liabilities:      
Accounts receivable (135,552) (308,079) (299,631)
Inventories (204,225) (7,272) 44,507
Accounts payable and accrued liabilities (184,365) 540,955 (89,139)
Other operating assets and liabilities 102,562 (121,438) 107,113
Net cash provided from operating activities 2,070,172 1,920,711 963,178
INVESTING ACTIVITIES      
Capital expenditures (612,905) (408,734) (414,822)
Purchase of short-term investments (532,188) (66,914)  
Proceeds on sale of short-term investments 82,663 14,673 43,781
Investment in associated companies (33,276) (21,467)  
Sale of property 12,575 8,671 11,755
Net cash used for investing activities (1,083,131) (473,771) (359,286)
FINANCING ACTIVITIES      
Debt repaid (15,250) (10,000) (10,000)
Debt incurred   1,489,674  
SCC common shares buyback (273,690) (463) (71,903)
Capitalization of debt issuance cost   (8,831)  
Dividends paid to common stockholders (2,080,353) (1,427,998) (375,968)
Distributions to non-controlling interest (6,885) (6,495) (1,149)
Other 1,153 723 997
Net cash provided from (used for) financing activities (2,375,025) 36,610 (458,023)
Effect of exchange rate changes on cash and cash equivalents 43,425 (63,179) (90,303)
Increase (decrease) in cash and cash equivalents (1,344,559) 1,420,371 55,566
Cash and cash equivalents, at beginning of year 2,192,677 772,306 716,740
Cash and cash equivalents, at end of year 848,118 2,192,677 772,306
Cash paid during the year for:      
Interest 189,940 142,210 95,492
Income taxes 1,234,453 600,371 339,421
Workers' participation 241,420 155,440 183,697
Supplemental schedule of non-cash operating, investing and financing activities:      
Decrease in pension and other post-retirement benefits 8,310 12,179 10,420
Unrealized gain (loss) on cash flow hedge derivative instruments recognized in other comprehensive income (net of taxes) $ 5,452 $ (125,562)