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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS |  |  |  |
Net sales (including sales to related parties, see note 9) | $ 1,382,923 | $ 1,487,412 | $ 2,657,730 | $ 2,841,795
Operating costs and expenses: |  |  |  |
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | 706,868 | 726,589 | 1,386,690 | 1,368,483
Selling, general and administrative | 24,963 | 25,397 | 49,832 | 49,895
Depreciation, amortization and depletion | 125,302 | 116,091 | 242,265 | 226,544
Exploration | 12,111 | 22,068 | 22,399 | 36,679
Environmental remediation | 10,532 |  | 16,460 |
Total operating costs and expenses | 879,776 | 890,145 | 1,717,646 | 1,681,601
Operating income | 503,147 | 597,267 | 940,084 | 1,160,194
Interest expense | (86,929) | (66,075) | (151,679) | (131,215)
Capitalized interest | 33,104 | 29,162 | 71,954 | 53,765
Other income (expense) | (1,605) | (5,779) | (5,369) | (9,985)
Interest income | 2,683 | 3,715 | 5,530 | 8,252
Income before income taxes | 450,400 | 558,290 | 860,520 | 1,081,011
Income taxes (including royalty taxes see note 5): | 157,042 | 225,769 | 286,235 | 429,931
Net income before equity earnings of affiliate | 293,358 | 332,521 | 574,285 | 651,080
Equity earnings of affiliate, net of income tax | 2,655 | 5,861 | 5,415 | 11,899
Net income | 296,013 | 338,382 | 579,700 | 662,979
Less: Net income attributable to the non-controlling interest | 1,299 | 1,129 | 2,556 | 2,337
Net income attributable to SCC | $ 294,714 | $ 337,253 | $ 577,144 | $ 660,642
Per common share amounts attributable to SCC: |  |  |  |
Net income - basic and diluted | $ 0.37 | $ 0.40 | $ 0.72 | $ 0.79
Dividends paid | $ 0.10 | $ 0.10 | $ 0.20 | $ 0.22
Weighted average common shares outstanding - basic and diluted | 798,168 | 833,353 | 801,773 | 833,571

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