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SEGMENT AND RELATED INFORMATION: (Tables) | 12 Months Ended
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Dec. 31, 2012
SEGMENT AND RELATED INFORMATION: |
Schedule of income and assets by segments |
|  | Year Ended December 31, 2012 |
|  | (in millions) |
|  | Mexican Open-pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate and other eliminations |  | Total Consolidated |
Net sales outside of segments |  | $ | 3,338.5 |  | $ | 378.5 |  | $ | 2,952.3 |  | $ | — |  | $ | 6,669.3 |
Intersegment sales |  |  |  | 135.1 |  |  |  | (135.1 | ) | — |
Cost of sales (exclusive of depreciation, amortization and depletion) |  | 1,228.2 |  | 292.4 |  | 1,380.5 |  | (131.8 | ) | 2,769.3 |
Selling, general and administrative |  | 34.4 |  | 14.6 |  | 48.6 |  | 3.7 |  | 101.3 |
Depreciation, amortization and depletion |  | 145.6 |  | 25.2 |  | 160.3 |  | (5.4 | ) | 325.7 |
Legal fees related to the SCC shareholder derivative lawsuit |  |  |  |  |  |  |  | 316.2 |  | 316.2 |
Exploration |  | 5.2 |  | 28.2 |  | 14.5 |  | — |  | 47.9 |
Operating income |  | $ | 1,925.1 |  | $ | 153.2 |  | $ | 1,348.4 |  | $ | (317.8 | ) | 3,108.9 |
Less: |  |  |  |  |  |  |  |  |  |  |
Interest, net |  |  |  |  |  |  |  |  |  | (157.2 | )
Gain on short term investment |  |  |  |  |  |  |  |  |  | 10.6 |
Gain on sale of investment |  |  |  |  |  |  |  |  |  | 18.2 |
Other income (expense) |  |  |  |  |  |  |  |  |  | (7.0 | )
Income taxes |  |  |  |  |  |  |  |  |  | (1,080.9 | )
Equity earnings of affiliate |  |  |  |  |  |  |  |  |  | 48.7 |
Non-controlling interest |  |  |  |  |  |  |  |  |  | (6.7 | )
Income attributable to SCC |  |  |  |  |  |  |  |  |  | $ | 1,934.6 |
Capital expenditures |  | $ | 804.4 |  | $ | 56.0 |  | $ | 257.9 |  | $ | (66.4 | ) | $ | 1,051.9 |
Property, net |  | $ | 2,444.9 |  | $ | 350.9 |  | $ | 2,231.4 |  | $ | 129.5 |  | $ | 5,156.7 |
Total assets |  | $ | 4,241.4 |  | $ | 873.1 |  | $ | 3,353.0 |  | $ | 1,916.2 |  | $ | 10,383.7 |
|  | Year Ended December 31, 2011 |
|  | (in millions) |
|  | Mexican Open-pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate and other eliminations |  | Total Consolidated |
Net sales outside of segments |  | $ | 3,212.1 |  | $ | 420.1 |  | $ | 3,186.5 |  | $ | — |  | $ | 6,818.7 |
Intersegment sales |  | — |  | 126.1 |  | — |  | (126.1 | ) | — |
Cost of sales (exclusive of depreciation, amortization and depletion) |  | 1,115.8 |  | 309.3 |  | 1,441.0 |  | (102.9 | ) | 2,763.2 |
Selling, general and Administrative |  | 34.1 |  | 14.7 |  | 50.8 |  | 4.9 |  | 104.5 |
Depreciation, amortization and depletion |  | 133.6 |  | 24.5 |  | 140.6 |  | (10.6 | ) | 288.1 |
Exploration |  | 3.5 |  | 22.0 |  | 12.0 |  | — |  | 37.5 |
Operating income |  | $ | 1,925.1 |  | $ | 175.7 |  | $ | 1,542.1 |  | $ | (17.5 | ) | 3,625.4 |
Less: |  |  |  |  |  |  |  |  |  |  |
Interest, net |  |  |  |  |  |  |  |  |  | (172.8 | )
Other income (expense) |  |  |  |  |  |  |  |  |  | (4.0 | )
Income taxes |  |  |  |  |  |  |  |  |  | (1,104.3 | )
Non-controlling interest |  |  |  |  |  |  |  |  |  | (7.9 | )
Income attributable to SCC |  |  |  |  |  |  |  |  |  | $ | 2,336.4 |
Capital expenditures |  | $ | 357.6 |  | $ | 48.7 |  | $ | 205.5 |  | $ | 1.1 |  | $ | 612.9 |
Property, net |  | $ | 1,827.2 |  | $ | 320.1 |  | $ | 2,225.9 |  | $ | 56.7 |  | $ | 4,429.9 |
Total assets |  | $ | 3,471.6 |  | $ | 743.4 |  | $ | 3,164.0 |  | $ | 683.7 |  | $ | 8,062.7 |
|  | Year Ended December 31, 2010 |
|  | (in millions) |
|  | Mexican Open-pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate and other eliminations |  | Total Consolidated |
Net sales outside of segments |  | $ | 1,618.7 |  | $ | 366.7 |  | $ | 3,125.9 |  | $ | 38.2 |  | $ | 5,149.5 |
Intersegment sales |  | 29.8 |  | 146.0 |  | — |  | (175.8 | ) | — |
Cost of sales (exclusive of depreciation, amortization and depletion) |  | 751.7 |  | 307.4 |  | 1,206.2 |  | (136.3 | ) | 2,129.0 |
Selling, general and administrative |  | 31.5 |  | 13.4 |  | 52.4 |  | 3.0 |  | 100.3 |
Depreciation, amortization and depletion |  | 122.1 |  | 22.7 |  | 134.0 |  | 2.9 |  | 281.7 |
Exploration |  | 5.2 |  | 15.5 |  | 13.6 |  | — |  | 34.3 |
Operating income |  | $ | 738.0 |  | $ | 153.7 |  | $ | 1,719.7 |  | $ | (7.2 | ) | 2,604.2 |
Less: |  |  |  |  |  |  |  |  |  |  |
Interest, net |  |  |  |  |  |  |  |  |  | (152.7 | )
Other income (expense) |  |  |  |  |  |  |  |  |  | (20.7 | )
Income taxes |  |  |  |  |  |  |  |  |  | (868.1 | )
Non-controlling interest |  |  |  |  |  |  |  |  |  | (8.7 | )
Income attributable to SCC |  |  |  |  |  |  |  |  |  | $ | 1,554.0 |
Capital expenditures |  | $ | 109.8 |  | $ | 29.8 |  | $ | 264.2 |  | $ | 4.9 |  | $ | 408.7 |
Property, net |  | $ | 1,583.5 |  | $ | 296.3 |  | $ | 2,164.7 |  | $ | 50.5 |  | $ | 4,095.0 |
Total assets |  | $ | 2,510.4 |  | $ | 747.7 |  | $ | 3,430.9 |  | $ | 1,439.0 |  | $ | 8,128.0 |
Schedule of sales value per segment |
|  | Year Ended December 31, 2012 |
(in millions) |  | Mexican Open-pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate, Other & Eliminations |  | Total Consolidated |
Copper |  | $ | 2,604.9 |  | $ | 62.3 |  | $ | 2,532.0 |  | $ | (62.3 | ) | $ | 5,136.9 |
Molybdenum |  | 271.3 |  | — |  | 179.2 |  | — |  | 450.5 |
Silver |  | 280.5 |  | 161.5 |  | 113.6 |  | (60.3 | ) | 495.3 |
Zinc |  | — |  | 195.9 |  | — |  | — |  | 195.9 |
Other |  | 181.8 |  | 93.9 |  | 127.5 |  | (12.5 | ) | 390.7 |
Total |  | $ | 3,338.5 |  | $ | 513.6 |  | $ | 2,952.3 |  | $ | (135.1 | ) | $ | 6,669.3 |
|  | Year Ended December 31, 2011 |
(in millions) |  | Mexican Open-pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate, Other & Eliminations |  | Total Consolidated |
Copper |  | $ | 2,509.6 |  | $ | 57.2 |  | $ | 2,720.0 |  | $ | (57.2 | ) | $ | 5,229.6 |
Molybdenum |  | 310.8 |  | — |  | 233.3 |  | — |  | 544.1 |
Silver |  | 248.1 |  | 184.2 |  | 121.2 |  | (61.1 | ) | 492.4 |
Zinc |  | — |  | 209.8 |  | — |  | — |  | 209.8 |
Other |  | 143.6 |  | 95.0 |  | 112.0 |  | (7.8 | ) | 342.8 |
Total |  | $ | 3,212.1 |  | $ | 546.2 |  | $ | 3,186.5 |  | $ | (126.1 | ) | $ | 6,818.7 |
|  | Year Ended December 31, 2010 |
(in millions) |  | Mexican Open-pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate, Other & Eliminations |  | Total Consolidated |
Copper |  | $ | 1,088.7 |  | $ | 68.9 |  | $ | 2,649.7 |  | $ | (61.5 | ) | $ | 3,745.8 |
Molybdenum |  | 361.3 |  | — |  | 322.1 |  | — |  | 683.4 |
Silver |  | 142.5 |  | 140.4 |  | 86.6 |  | (61.8 | ) | 307.7 |
Zinc |  | — |  | 211.7 |  | — |  | 0.8 |  | 212.5 |
Other |  | 56.0 |  | 91.7 |  | 67.5 |  | (15.1 | ) | 200.1 |
Total |  | $ | 1,648.5 |  | $ | 512.7 |  | $ | 3,125.9 |  | $ | (137.6 | ) | $ | 5,149.5 |
Schedule of net sales by countries |
|  | Years Ended December 31, |
(in millions) |  | 2012 |  | 2011 |  | 2010 |
United States |  | $ | 1,567.4 |  | $ | 2,103.7 |  | $ | 1,281.3 |
Europe |  | 1,365.1 |  | 1,292.1 |  | 1,066.6 |
Mexico |  | 1,676.4 |  | 1,269.3 |  | 872.4 |
Peru |  | 296.2 |  | 261.7 |  | 315.8 |
Brazil |  | 449.0 |  | 598.5 |  | 446.6 |
Chile |  | 443.5 |  | 515.8 |  | 503.0 |
Latin America, other |  | 108.3 |  | 101.2 |  | 167.2 |
Asia |  | 763.4 |  | 662.9 |  | 538.5 |
Derivative instruments |  | — |  | 13.5 |  | (41.9 | )
Total |  | $ | 6,669.3 |  | $ | 6,818.7 |  | $ | 5,149.5
Schedule of provisionally priced copper and molybdenum sales outstanding | Following are the provisionally priced copper and molybdenum sales outstanding at December 31, 2012:
Pounds of copper |  | Priced at |  | Month of settlement |
(millions) |  |  |  |  |
19.7 |  | 3.59 |  | January 2013 |
19.7 |  | 3.59 |  | Total |
Pounds of molybdenum |  | Market price |  | Month of settlement |
(millions) |  |  |  |  |
3.0 |  | 11.60 |  | January 2013 |
3.1 |  | 11.60 |  | February 2013 |
2.6 |  | 11.60 |  | March 2013 |
0.1 |  | 11.60 |  | April 2013 |
8.8 |  | 11.60 |  | Total |
Schedule of provisional sales price adjustments included in accounts receivable and net sales | Provisional sales price adjustments included in accounts receivable and net sales were as follows at December, 31 (in millions):
|  | As of December 31, |
|  | 2012 |  | 2011 |
Copper |  | $ | 2.9 |  | $ | 1.4 |
Molybdenum |  | 3.7 |  | (3.4 | )
Total |  | $ | 6.6 |  | $ | (2.0 | )

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