XML 40 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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales (including sales to related parties, see note 9) $ 1,552,379 $ 1,745,906 $ 5,018,191 $ 5,149,423
Operating costs and expenses:        
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) 670,861 677,258 2,060,664 2,110,095
Selling, general and administrative 23,758 24,376 74,551 74,692
Legal fees related to damage award (Note 2) 316,233   316,233  
Depreciation, amortization and depletion 81,283 72,506 236,655 216,048
Exploration 12,470 9,675 33,795 25,040
Total operating costs and expenses 1,104,605 783,815 2,721,898 2,425,875
Operating income 447,774 962,091 2,296,293 2,723,548
Interest expense (48,458) (48,506) (143,042) (144,367)
Capitalized interest 18,827 1,742 24,889 4,035
Gain on short-term investment 4,435   9,918  
Gain on sale of investment     18,200  
Other income (expense) (908) (1,374) 968 4,774
Interest income 3,828 3,614 11,238 9,859
Income before income taxes 425,498 917,567 2,218,464 2,597,849
Income taxes 219,802 252,507 848,544 792,523
Net income before equity earnings of affiliate 205,696 665,060 1,369,920 1,805,326
Equity earnings of affiliate 13,565   38,239  
Net income 219,261 665,060 1,408,159 1,805,326
Less: Net income attributable to the non-controlling interest 1,395 2,021 5,316 5,874
Net income attributable to SCC $ 217,866 $ 663,039 $ 1,402,843 $ 1,799,452
Per common share amounts attributable to SCC:        
Net income - basic and diluted (in dollars per share) $ 0.26 $ 0.78 $ 1.65 $ 2.10
Dividends paid (in dollars per share) $ 0.24 $ 0.61 $ 1.31 $ 1.74
Weighted average common shares outstanding - basic (in shares) 848,419 852,250 849,283 856,222
Weighted average common shares outstanding - diluted (in shares) 848,419 852,250 849,283 856,222