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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS |  |  |  |
Net sales (including sales to related parties, see note 7) | $ 1,133,602 | $ 1,474,647 | $ 3,791,332 | $ 4,316,442
Operating costs and expenses: |  |  |  |
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | 670,742 | 729,506 | 2,057,432 | 2,097,989
Selling, general and administrative | 23,578 | 26,282 | 73,410 | 76,177
Depreciation, amortization and depletion | 131,576 | 113,923 | 373,841 | 340,467
Exploration | 13,743 | 20,638 | 36,142 | 57,317
Environmental remediation | 7,043 | 37,163 | 23,503 | 37,163
Total operating costs and expenses | 846,682 | 927,512 | 2,564,328 | 2,609,113
Operating income | 286,920 | 547,135 | 1,227,004 | 1,707,329
Interest expense | (92,414) | (67,728) | (244,093) | (198,943)
Capitalized interest | 27,579 | 33,153 | 99,533 | 86,918
Other (expense) income | (4,297) | (21,066) | (9,666) | (31,051)
Interest income | 2,908 | 3,765 | 8,438 | 12,017
Income before income taxes | 220,696 | 495,259 | 1,081,216 | 1,576,270
Income taxes (including royalty taxes see note 4): | 125,336 | 175,405 | 411,571 | 605,336
Net income before equity earnings of affiliate | 95,360 | 319,854 | 669,645 | 970,934
Equity earnings of affiliate, net of income tax | 4,039 | 5,926 | 9,454 | 17,825
Net income | 99,399 | 325,780 | 679,099 | 988,759
Less: Net income attributable to non-controlling interest | 962 | 1,463 | 3,518 | 3,800
Net income attributable to SCC | $ 98,437 | $ 324,317 | $ 675,581 | $ 984,959
Per common share amounts attributable to SCC: |  |  |  |
Net income - basic and diluted | $ 0.12 | $ 0.39 | $ 0.85 | $ 1.18
Dividends paid | $ 0.10 | $ 0.12 | $ 0.30 | $ 0.34
Weighted average common shares outstanding - basic and diluted | 793,155 | 829,216 | 798,869 | 832,104

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