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SEGMENT AND RELATED INFORMATION: (Tables) | 12 Months Ended
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Dec. 31, 2015
SEGMENT AND RELATED INFORMATION: |
Schedule of financial information relating to Company's segments |
|  | Year Ended December 31, 2015 |
|  | (in millions) |
|  | Mexican Open-pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate, other and eliminations |  | Consolidated |
Net sales outside of segments |  | $ | 2,703.9 |  | $ | 320.7 |  | $ | 2,021.3 |  | $ | — |  | $ | 5,045.9 |
Intersegment sales |  | — |  | 67.6 |  | — |  | (67.6 | ) | — |
Cost of sales (exclusive of depreciation, amortization and depletion) |  | 1,390.0 |  | 323.8 |  | 1,289.0 |  | (75.2 | ) | 2,927.6 |
Selling, general and administrative |  | 50.5 |  | 6.4 |  | 41.4 |  | 1.1 |  | 99.4 |
Depreciation, amortization and depletion |  | 265.0 |  | 34.8 |  | 228.1 |  | (17.2 | ) | 510.7 |
Exploration |  | 7.8 |  | 9.6 |  | 11.9 |  | 19.5 |  | 48.8 |
Environmental reclamation |  | 45.0 |  | — |  | — |  | — |  | 45.0 |
Operating income |  | $ | 945.6 |  | $ | 13.7 |  | $ | 450.9 |  | $ | 4.2 |  | 1,414.4 |
Less: |  |  |  |  |  |  |  |  |  |  |
Interest, net |  |  |  |  |  |  |  |  |  | (199.9 | )
Other income (expense) |  |  |  |  |  |  |  |  |  | (25.3 | )
Income taxes |  |  |  |  |  |  |  |  |  | (464.9 | )
Equity earnings of affiliate |  |  |  |  |  |  |  |  |  | 16.8 |
Non-controlling interest |  |  |  |  |  |  |  |  |  | (4.7 | )
Net income attributable to SCC |  |  |  |  |  |  |  |  |  | $ | 736.4 |
Capital investment (*) |  | $ | 820.5 |  | $ | 39.2 |  | $ | 285.2 |  | $ | 105.1 |  | $ | 1,250.0 |
Property and mine development, net |  | $ | 4,879.3 |  | $ | 395.8 |  | $ | 2,583.5 |  | $ | 404.2 |  | $ | 8,262.8 |
Total assets |  | $ | 7,459.8 |  | $ | 787.5 |  | $ | 3,962.6 |  | $ | 383.3 |  | $ | 12,593.2 |
(*) Corporate, other and eliminations includes $100.4 million purchase of the El Pilar mining property acquisition.
|  | 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 |  | $ | 2,954.6 |  | $ | 351.3 |  | $ | 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 |  | 3.9 |  | 29.5 |  | 13.6 |  | 27.7 |  | 74.7 |
Environmental reclamation |  | 91.4 |  | — |  | — |  | — |  | 91.4 |
Operating income |  | $ | 1,450.0 |  | $ | 27.5 |  | $ | 808.4 |  | $ | (53.2 | ) | 2,232.7 |
Less: |  |  |  |  |  |  |  |  |  |  |
Interest, net |  |  |  |  |  |  |  |  |  | (123.3 | )
Other income (expense) |  |  |  |  |  |  |  |  |  | (40.8 | )
Income taxes |  |  |  |  |  |  |  |  |  | (754.6 | )
Equity earnings of affiliate |  |  |  |  |  |  |  |  |  | 23.9 |
Non-controlling interest |  |  |  |  |  |  |  |  |  | (4.9 | )
Net income attributable to SCC |  |  |  |  |  |  |  |  |  | $ | 1,333.0 |
Capital expenditures |  | $ | 1,121.3 |  | $ | 45.7 |  | $ | 353.8 |  | $ | 9.0 |  | $ | 1,529.8 |
Property and mine development, net |  | $ | 4,418.5 |  | $ | 389.0 |  | $ | 2,513.6 |  | $ | 115.3 |  | $ | 7,436.4 |
Total assets |  | $ | 6,780.4 |  | $ | 843.5 |  | $ | 3,828.6 |  | $ | (58.6 | ) | $ | 11,393.9 |
|  | 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 and mine development, net |  | $ | 3,579.9 |  | $ | 378.2 |  | $ | 2,451.4 |  | $ | 66.7 |  | $ | 6,476.2 |
Total assets |  | $ | 6,010.3 |  | $ | 895.6 |  | $ | 3,539.3 |  | $ | 524.8 |  | $ | 10,970.0 |
Schedule of sales value per segment |
|  | Year Ended December 31, 2015 |  |  |
(in millions) |  | Mexican Open-pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate, Other & Eliminations |  | Total Consolidated |
Copper |  | $ | 2,237.2 |  | $ | 30.6 |  | $ | 1,756.9 |  | $ | (30.6 | ) | $ | 3,994.1 |
Molybdenum |  | 109.0 |  | — |  | 130.0 |  | — |  | 239.0 |
Silver |  | 129.5 |  | 66.5 |  | 57.2 |  | (26.5 | ) | 226.7 |
Zinc |  | — |  | 210.7 |  | — |  | — |  | 210.7 |
Other |  | 228.2 |  | 80.5 |  | 77.2 |  | (10.5 | ) | 375.4 |
Total |  | $ | 2,703.9 |  | $ | 388.3 |  | $ | 2,021.3 |  | $ | (67.6 | ) | $ | 5,045.9 |
|  | Year Ended December 31, 2014 |  |  |
(in millions) |  | Mexican Open-pit |  | Mexican IMMSA Unit |  | Peruvian Operations |  | Corporate, Other & Eliminations |  | Total Consolidated |
Copper |  | $ | 2,380.2 |  | $ | 46.4 |  | $ | 2,137.9 |  | $ | (46.4 | ) | $ | 4,518.1 |
Molybdenum |  | 299.8 |  | — |  | 207.1 |  | — |  | 506.9 |
Silver |  | 146.6 |  | 88.0 |  | 71.6 |  | (33.0 | ) | 273.2 |
Zinc |  | — |  | 209.8 |  | — |  | — |  | 209.8 |
Other |  | 128.0 |  | 97.5 |  | 65.2 |  | (11.0 | ) | 279.7 |
Total |  | $ | 2,954.6 |  | $ | 441.7 |  | $ | 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 |
Schedule of net sales by countries |
(in millions) |  | 2015 |  | 2014 |  | 2013 |
Mexico |  | 1,641.0 |  | 1,708.9 |  | 1,402.8 |
United States |  | 862.5 |  | 1,059.3 |  | 1,028.7 |
Europe |  | 745.1 |  | 937.5 |  | 1,206.1 |
Japan |  | 445.9 |  | 447.8 |  | 583.9 |
Singapore |  | 369.8 |  | 299.0 |  | 117.3 |
Other Asian countries |  | 189.3 |  | 187.1 |  | 111.9 |
Brasil |  | 276.4 |  | 372.4 |  | 471.0 |
Chile |  | 102.0 |  | 401.5 |  | 362.8 |
Peru |  | 324.3 |  | 282.2 |  | 324.8 |
Other American countries |  | 89.6 |  | 92.0 |  | 343.6 |
Total |  | $ | 5,045.9 |  | $ | 5,787.7 |  | $ | 5,952.9 |
Schedule of provisionally priced copper and molybdenum sales outstanding | Following are the provisionally priced copper and molybdenum sales outstanding at December 31, 2015:
|  | Sales volume (million lbs.) |  | Priced at (per pound) |  | Month of settlement |
Copper |  | 164.3 |  | 2.136 |  | January through March 2016 |
Molybdenum |  | 12.1 |  | 5.15 |  | January through April 2016 |
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):
|  | At December 31, |
|  | 2015 |  | 2014 |
Copper |  | $ | (6.0 | ) | $ | (9.6 | )
Molybdenum |  | (0.1 | ) | (16.5 | )
Total |  | $ | (6.1 | ) | $ | (26.1 | )

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