XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS        
Net sales (including sales to related parties, see Note 8) $ 1,400.7 $ 1,133.6 $ 3,980.8 $ 3,791.3
Operating costs and expenses:        
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) 831.4 670.8 2,309.9 2,057.4
Selling, general and administrative 22.7 23.6 72.5 73.4
Depreciation, amortization and depletion 174.5 131.6 474.3 373.8
Exploration 9.7 13.7 30.4 36.2
Environmental remediation   7.0   23.5
Total operating costs and expenses 1,038.3 846.7 2,887.1 2,564.3
Operating income 362.4 286.9 1,093.7 1,227.0
Interest expense (91.5) (92.4) (270.9) (244.1)
Capitalized interest 18.4 27.6 50.8 99.5
Other income (expense) 9.6 (4.3) 14.9 (9.6)
Interest income 1.8 2.9 6.0 8.4
Income before income taxes 300.7 220.7 894.5 1,081.2
Income taxes (see note 5) 111.2 125.3 305.4 411.6
Net income before equity earnings of affiliate 189.5 95.4 589.1 669.6
Equity earnings of affiliate, net of income tax 8.7 4.0 17.4 9.5
Net income 198.2 99.4 606.5 679.1
Less: Net income attributable to non-controlling interest 0.6 1.0 1.9 3.5
Net income attributable to SCC $ 197.6 $ 98.4 $ 604.6 $ 675.6
Per common share amounts attributable to SCC :        
Net earnings - basic and diluted $ 0.26 $ 0.12 $ 0.78 $ 0.85
Dividends paid $ 0.05 $ 0.10 $ 0.13 $ 0.30
Weighted average common shares outstanding - basic and diluted 773.6 793.2 773.7 798.9