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CONDENSED CONSOLIDATED STATEMENT OF EARNINGS (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
CONSOLIDATED STATEMENTS OF EARNINGS |  |
Net sales (including sales to related parties, see Note 7) | $ 1,274,807 us-gaap_RevenueMineralSales | $ 1,354,383 us-gaap_RevenueMineralSales
Operating costs and expenses: |  |
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | 679,822 us-gaap_CostOfRevenue | 641,894 us-gaap_CostOfRevenue
Selling, general and administrative | 24,869 us-gaap_SellingGeneralAndAdministrativeExpense | 24,498 us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation, amortization and depletion | 116,963 us-gaap_DepreciationDepletionAndAmortization | 110,453 us-gaap_DepreciationDepletionAndAmortization
Exploration | 10,288 us-gaap_ExplorationExpenseMining | 14,611 us-gaap_ExplorationExpenseMining
Environmental remediation | 5,928 us-gaap_EnvironmentalRemediationExpense |
Total operating costs and expenses | 837,870 us-gaap_CostsAndExpenses | 791,456 us-gaap_CostsAndExpenses
Operating income | 436,937 us-gaap_OperatingIncomeLoss | 562,927 us-gaap_OperatingIncomeLoss
Interest expense | (64,750)us-gaap_InterestCostsIncurred | (65,140)us-gaap_InterestCostsIncurred
Capitalized interest | 38,850 us-gaap_InterestCostsCapitalized | 24,603 us-gaap_InterestCostsCapitalized
Other income (expense) | (3,764)us-gaap_OtherNonoperatingIncomeExpense | (4,206)us-gaap_OtherNonoperatingIncomeExpense
Interest income | 2,847 us-gaap_InvestmentIncomeInterest | 4,537 us-gaap_InvestmentIncomeInterest
Income before income taxes | 410,120 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 522,721 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income taxes (including royalty taxes, see Note 4) | 129,193 us-gaap_IncomeTaxExpenseBenefit | 204,162 us-gaap_IncomeTaxExpenseBenefit
Net income before equity earnings of affiliate | 280,927 scco_IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments | 318,559 scco_IncomeLossFromContinuingOperationsAfterIncomeTaxesAndBeforeIncomeLossFromEquityMethodInvestments
Equity earnings of affiliate, net of income tax | 2,760 us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss | 6,038 us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
Net income | 283,687 us-gaap_ProfitLoss | 324,597 us-gaap_ProfitLoss
Less: Net income attributable to the non-controlling interest | 1,257 us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 1,208 us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to SCC | $ 282,430 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 323,389 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Per common share amounts attributable to SCC: |  |
Net earnings - basic and diluted | $ 0.35 us-gaap_EarningsPerShareBasicAndDiluted | $ 0.39 us-gaap_EarningsPerShareBasicAndDiluted
Dividends paid | $ 0.10 us-gaap_CommonStockDividendsPerShareCashPaid | $ 0.12 us-gaap_CommonStockDividendsPerShareCashPaid
Weighted average shares outstanding - basic and diluted | 805,418 us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 833,792 us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted

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