XML 99 R49.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENT AND RELATED INFORMATION: (Tables)
12 Months Ended
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

)