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CONDENSED CONSOLIDATED STATEMENT OF EARNINGS (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS |  |  |  |
Net sales (including sales to related parties, see note 7) | $ 1,487,412 | $ 1,410,223 | $ 2,841,795 | $ 3,033,225
Operating costs and expenses: |  |  |  |
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | 726,589 | 711,231 | 1,368,483 | 1,433,980
Selling, general and administrative | 25,398 | 27,452 | 49,896 | 52,826
Depreciation, amortization and depletion | 116,091 | 93,516 | 226,544 | 184,088
Exploration | 22,068 | 11,651 | 36,679 | 21,975
Total operating costs and expenses | 890,146 | 843,850 | 1,681,602 | 1,692,869
Operating income | 597,266 | 566,373 | 1,160,193 | 1,340,356
Interest expense | (66,075) | (66,487) | (131,215) | (131,777)
Capitalized interest | 29,162 | 15,707 | 53,765 | 27,946
Other income (expense) | (5,779) | 16,935 | (9,985) | 17,783
Interest income | 3,715 | 4,306 | 8,252 | 10,275
Income before income taxes | 558,289 | 536,834 | 1,081,010 | 1,264,583
Income taxes (including royalty taxes see note 4): | 225,769 | 167,870 | 429,931 | 406,749
Net income before equity earnings of affiliate | 332,520 | 368,964 | 651,079 | 857,834
Equity earnings of affiliate, net of income tax | 5,861 | 5,141 | 11,899 | 13,304
Net income | 338,381 | 374,105 | 662,978 | 871,138
Less: Net income attributable to the non-controlling interest | 1,129 | 1,368 | 2,337 | 3,009
Net income attributable to SCC | $ 337,252 | $ 372,737 | $ 660,641 | $ 868,129
Per common share amounts attributable to SCC: |  |  |  |
Net income - basic and diluted (in dollars per share) | $ 0.40 | $ 0.44 | $ 0.79 | $ 1.03
Dividends paid (in dollars per share) | $ 0.10 | $ 0.20 | $ 0.22 | $ 0.44
Weighted average common shares outstanding - basic and diluted (in shares) | 833,391 | 844,986 | 833,590 | 845,267

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