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CONDENSED CONSOLIDATED STATEMENT OF EARNINGS (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2014 | Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS |  |
Net sales (including sales to related parties, see note 7) | $ 1,354,383 | $ 1,623,002
Operating costs and expenses: |  |
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | 641,894 | 722,749
Selling, general and administrative | 24,498 | 25,374
Depreciation, amortization and depletion | 110,453 | 90,572
Exploration | 14,611 | 10,324
Total operating costs and expenses | 791,456 | 849,019
Operating income | 562,927 | 773,983
Interest expense | (65,140) | (65,290)
Capitalized interest | 24,603 | 12,239
Other income (expense) | (4,206) | 848
Interest income | 4,537 | 5,969
Income before income taxes | 522,721 | 727,749
Income taxes (including royalty taxes: 2014 - $25,641 and 2013 - $3,933) | 204,162 | 238,879
Net income before equity earnings of affiliate | 318,559 | 488,870
Equity earnings of affiliate, net of income tax | 6,038 | 8,163
Net income | 324,597 | 497,033
Less: Net income attributable to the non-controlling interest | 1,208 | 1,641
Net income attributable to SCC | $ 323,389 | $ 495,392
Per common share amounts attributable to SCC: |  |
Net earnings - basic and diluted (in dollars per share) | $ 0.39 | $ 0.59
Dividends paid (in dollars per share) | $ 0.12 | $ 0.24
Weighted average shares outstanding - basic and diluted (in shares) | 833,792 | 845,551

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