XML 29 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
SEGMENT AND RELATED INFORMATION: (Tables)
12 Months Ended
Dec. 31, 2014
SEGMENT AND RELATED INFORMATION:  
Schedule of financial information relating to Company's segments

 

 

 

 

Year Ended December 31, 2014

 

 

 

(in millions)

 

 

 

Mexican
Open-pit

 

Mexican
IMMSA
Unit

 

Peruvian
Operations

 

Corporate, other
and eliminations

 

Consolidated

 

Net sales outside of segments

 

$

2,954.2

 

$

351.7

 

$

2,481.8

 

$

 

$

5,787.7

 

Intersegment sales

 

 

90.4

 

 

(90.4

)

 

Cost of sales (exclusive of depreciation, amortization and depletion)

 

1,146.6

 

335.0

 

1,416.6

 

(57.7

)

2,840.5

 

Selling, general and administrative

 

37.2

 

16.3

 

44.8

 

5.1

 

103.4

 

Depreciation, amortization and depletion

 

225.5

 

33.4

 

198.4

 

(12.3

)

445.0

 

Exploration

 

3.8

 

29.5

 

13.6

 

27.7

 

74.6

 

Environmental reclamation

 

91.4

 

 

 

 

91.4

 

Operating income

 

$

1,449.7

 

$

27.9

 

$

808.4

 

$

(53.2

)

2,232.8

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest, net

 

 

 

 

 

 

 

 

 

(123.3

)

Other income (expense)

 

 

 

 

 

 

 

 

 

(40.8

)

Income taxes

 

 

 

 

 

 

 

 

 

(754.6

)

Equity earnings of affiliate

 

 

 

 

 

 

 

 

 

23.9

 

Non-controlling interest

 

 

 

 

 

 

 

 

 

(5.0

)

Net income attributable to SCC

 

 

 

 

 

 

 

 

 

$

1,333.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

$

1,125.3

 

$

46.7

 

$

353.8

 

$

9.0

 

$

1,534.8

 

Property, net

 

$

4,418.5

 

$

389.0

 

$

2,561.4

 

$

67.5

 

$

7,436.4

 

Total assets

 

$

6,780.4

 

$

843.5

 

$

3,417.9

 

$

510.1

 

$

11,551.9

 

 

 

 

Year Ended December 31, 2013

 

 

 

(in millions)

 

 

 

Mexican
Open-pit

 

Mexican
IMMSA
Unit

 

Peruvian
Operations

 

Corporate, other
and eliminations

 

Consolidated

 

Net sales outside of segments

 

$

2,976.0

 

$

362.3

 

$

2,614.6

 

$

 

$

5,952.9

 

Intersegment sales

 

 

96.9

 

 

(96.9

)

 

Cost of sales (exclusive of depreciation, amortization and depletion)

 

1,308.9

 

320.8

 

1,358.6

 

(117.0

)

2,871.3

 

Selling, general and administrative

 

35.4

 

15.1

 

49.7

 

2.3

 

102.5

 

Depreciation, amortization and depletion

 

179.0

 

31.0

 

177.2

 

8.8

 

396.0

 

Exploration

 

3.2

 

27.2

 

10.2

 

10.4

 

51.0

 

Operating income

 

$

1,449.5

 

$

65.1

 

$

1,018.9

 

$

(1.4

)

2,532.1

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest, net

 

 

 

 

 

 

 

 

 

(176.6

)

Other income (expense)

 

 

 

 

 

 

 

 

 

17.1

 

Income taxes

 

 

 

 

 

 

 

 

 

(769.3

)

Equity earnings of affiliate

 

 

 

 

 

 

 

 

 

20.9

 

Non-controlling interest

 

 

 

 

 

 

 

 

 

(5.7

)

Net income attributable to SCC

 

 

 

 

 

 

 

 

 

$

1,618.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

$

1,263.5

 

$

60.6

 

$

372.3

 

$

6.9

 

$

1,703.3

 

Property, net

 

$

3,579.9

 

$

378.2

 

$

2,451.4

 

$

66.7

 

$

6,476.2

 

Total assets

 

$

6,010.3

 

$

895.6

 

$

3,539.3

 

$

550.8

 

$

10,996.0

 

 

 

 

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

 

$

3,339.0

 

$

378.0

 

$

2,952.3

 

$

 

$

6,669.3

 

Intersegment sales

 

 

 

135.0

 

 

 

(135.0

)

 

Cost of sales (exclusive of depreciation, amortization and depletion)

 

1,228.2

 

292.4

 

1,380.5

 

(131.9

)

2,769.2

 

Selling, general and administrative

 

34.4

 

14.6

 

48.5

 

3.8

 

101.3

 

Depreciation, amortization and depletion

 

145.6

 

25.2

 

160.3

 

(5.3

)

325.8

 

Exploration

 

5.2

 

28.2

 

9.5

 

5.0

 

47.9

 

Legal fees related to the SCC shareholder derivative lawsuit

 

 

 

 

316.2

 

316.2

 

Operating income

 

$

1,925.6

 

$

152.6

 

$

1,353.5

 

$

(322.8

)

3,108.9

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest, net

 

 

 

 

 

 

 

 

 

(157.2

)

Other income (expense)

 

 

 

 

 

 

 

 

 

21.8

 

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

 

$

822.8

 

$

56.0

 

$

257.9

 

$

(84.8

)

$

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

 

 

Schedule of sales value per segment

 

 

 

Year Ended December 31, 2014

 

 

 

(in millions)

 

Mexican
Open-pit

 

Mexican
IMMSA Unit

 

Peruvian
Operations

 

Corporate, other
& Eliminations

 

Total
Consolidated

 

Copper

 

$

2,380.1

 

$

46.4

 

$

2,137.9

 

$

(46.4

)

$

4,518.0

 

Molybdenum

 

299.8

 

 

207.1

 

 

506.9

 

Silver

 

146.7

 

88.0

 

71.6

 

(33.0

)

273.3

 

Zinc

 

 

209.8

 

 

 

209.8

 

Other

 

127.6

 

97.9

 

65.2

 

(11.0

)

279.7

 

Total

 

$

2,954.2

 

$

442.1

 

$

2,481.8

 

$

(90.4

)

$

5,787.7

 

 

 

 

Year Ended December 31, 2013

 

 

 

(in millions)

 

Mexican
Open-pit

 

Mexican
IMMSA Unit

 

Peruvian
Operations

 

Corporate, other
& Eliminations

 

Total
Consolidated

 

Copper

 

$

2,365.5

 

$

48.4

 

$

2,289.3

 

$

(48.4

)

$

4,654.8

 

Molybdenum

 

241.3

 

 

147.9

 

 

389.2

 

Silver

 

242.7

 

110.0

 

79.7

 

(38.7

)

393.7

 

Zinc

 

 

200.9

 

 

 

200.9

 

Other

 

126.5

 

99.9

 

97.7

 

(9.8

)

314.3

 

Total

 

$

2,976.0

 

$

459.2

 

$

2,614.6

 

$

(96.9

)

$

5,952.9

 

 

 

 

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

 

182.3

 

93.3

 

127.5

 

(12.4

)

390.7

 

Total

 

$

3,339.0

 

$

513.0

 

$

2,952.3

 

$

(135.0

)

$

6,669.3

 

 

Schedule of net sales by countries

 

 

 

Years Ended December 31,

 

(in millions)

 

2014

 

2013

 

2012

 

Mexico

 

$

1,708.9 

 

$

1,403.3 

 

$

1,676.4 

 

United States

 

1,059.3 

 

1,031.2 

 

1,567.4 

 

Europe

 

892.6 

 

1,057.5 

 

1,365.1 

 

Asia

 

933.9 

 

907.2 

 

763.4 

 

Brazil

 

372.4 

 

471.0 

 

449.0 

 

Chile

 

401.5 

 

366.1 

 

443.5 

 

Peru

 

282.2 

 

324.8 

 

296.2 

 

Other countries

 

136.9 

 

391.8 

 

108.3 

 

Total

 

$

5,787.7 

 

$

5,952.9 

 

$

6,669.3 

 

 

Schedule of provisionally priced copper and molybdenum sales outstanding

 

Following are the provisionally priced copper and molybdenum sales outstanding at December 31, 2014:

 

 

 

Sales volume
(million lbs.)

 

Priced at
(per pound)

 

Month of settlement

 

Copper

 

70.4 

 

2.873 

 

January through April 2015

 

Molybdenum

 

11.7 

 

9.00 

 

January through March 2015

 

 

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,

 

 

 

2014

 

2013

 

Copper

 

$

(9.6

)

$

1.0

 

Molybdenum

 

(16.5

)

0.6

 

Total

 

$

(26.1

)

$

1.6