XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net sales (including sales to related parties 2012 - $10,972 and 2011 - $17,885) $ 1,805,936 $ 1,602,019
Operating costs and expenses:    
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) 721,927 736,860
Selling, general and administrative 25,431 24,572
Depreciation, amortization and depletion 76,944 70,644
Exploration 8,725 7,218
Total operating costs and expenses 833,027 839,294
Operating income 972,909 762,725
Interest expense (47,175) (47,564)
Capitalized interest 2,861 936
Gain on short-term investment 5,835  
Other income (expense) 1,400 (580)
Interest income 3,847 2,711
Income before income taxes 939,677 718,228
Income taxes 318,769 238,081
Equity earnings of affiliate 2,654  
Net income 623,562 480,147
Less: Net income attributable to the non-controlling interest 2,132 1,771
Net income attributable to SCC $ 621,430 $ 478,376
Per common share amounts attributable to SCC:    
Net earnings - basic and diluted (in dollars per share) $ 0.73 [1] $ 0.56
Dividends paid (in dollars per share) $ 0.54 [1],[2] $ 0.57
Weighted average shares outstanding - basic (in shares) 849,978 [1] 858,998
Weighted average shares outstanding - diluted (in shares) 849,978 [1] 858,998
[1] Number of shares and per share amounts have been retroactively adjusted in the financial statements to reflect the effect of the 9.0 million shares paid as stock dividend on February 28, 2012.
[2] Dividends paid in the first quarter of 2012 include a cash dividend of $0.19 and a stock dividend of $0.35.