XML 41 R28.htm IDEA: XBRL DOCUMENT

REVENUE: (Tables)

6 Months Ended

Jun. 30, 2019

Summary of company's sales by geographic wise and segment wise


		Three Months Ended June 30, 2019
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	312.9		$	92.7		$	—		$	(25.4)		$	380.2
United States			257.9			1.6			21.6			—			281.1
Peru			—			—			93.0			—			93.0
Brazil			—			5.1			44.6			—			49.7
Chile			—			—			59.3			—			59.3
Other American countries			11.3			0.8			0.8			—			12.9
Europe:
Switzerland			183.0			5.1			73.0			—			261.1
Italy			7.8			2.8			63.7			—			74.3
Spain			46.8			—			—			—			46.8
Other European countries			22.4			9.0			67.1			—			98.5
Asia:
Singapore			72.1			4.7			195.3			—			272.1
Japan			6.3			—			126.4			—			132.7
Other Asian countries			34.1			0.5			21.7			—			56.3
Total		$	954.6		$	122.3		$	766.5		$	(25.4)		$	1,818.0


		Three Months Ended June 30, 2018
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	328.1		$	109.3		$	—		$	(18.8)		$	418.6
United States			270.9			0.6			56.9			—			328.4
Peru			—			—			106.5			—			106.5
Brazil			—			9.7			64.4			—			74.1
Chile			—			—			23.6			—			23.6
Other American countries			13.8			1.6			0.2			—			15.6
Europe:
Switzerland			116.7			17.8			30.6			—			165.1
Italy			4.7			8.0			78.1			—			90.8
Spain			44.2			—			—			—			44.2
Other European countries			69.9			5.8			22.4			—			98.1
Asia:
Singapore			140.2			—			146.6			—			286.8
Japan			29.1			—			104.0			—			133.1
Other Asian countries			43.5			0.3			8.5			—			52.3
Total		$	1,061.1		$	153.1		$	641.8		$	(18.8)		$	1,837.2


		Six Months Ended June 30, 2019
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	664.2		$	179.5		$	—		$	(45.3)		$	798.4
United States			536.9			3.0			28.3			—			568.2
Peru			1.6			—			178.7			—			180.3
Brazil			—			12.3			92.9			—			105.2
Chile			1.1			—			79.2			—			80.3
Other American countries			24.1			1.2			2.7			—			28.0
Europe:
Switzerland			408.3			17.1			183.4			—			608.8
Italy			37.0			8.3			111.0			—			156.3
Spain			92.3			—			—			—			92.3
Other European countries			45.4			14.9			121.0			—			181.3
Asia:
Singapore			130.6			6.4			247.8			—			384.8
Japan			16.1			—			244.0			—			260.1
Other Asian countries			69.1			0.7			57.6			—			127.4
Total		$	2,026.7		$	243.4		$	1,346.6		$	(45.3)		$	3,571.4


		Six Months Ended June 30, 2018
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	696.9		$	220.7		$	—		$	(38.4)		$	879.2
United States			519.3			5.5			98.4			—			623.2
Peru			—			—			200.0			—			200.0
Brazil			—			22.3			127.3			—			149.6
Chile			—			—			59.6			—			59.6
Other American countries			26.4			2.3			1.2			—			29.9
Europe:
Switzerland			199.0			27.1			74.4			—			300.5
Italy			13.1			13.5			160.3			—			186.9
Spain			88.7			—			—			—			88.7
Other European countries			121.7			10.5			48.1			—			180.3
Asia:
Singapore			284.1			—			279.0			—			563.1
Japan			73.3			—			219.3			—			292.6
Other Asian countries			107.2			0.5			17.1			—			124.8
Total		$	2,129.7		$	302.4		$	1,284.7		$	(38.4)		$	3,678.4

The following table presents information regarding the sales value by reporting segment of the Company’s significant products for the three and six months ended June 30, 2019 and 2018 (in millions):


		Three Months Ended June 30, 2019
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
(in millions)		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	800.2		$	12.0		$	651.0		$	(14.3)		$	1,448.9
Molybdenum			93.5			—			61.0			—			154.5
Silver			37.4			17.2			20.7			(6.5)			68.8
Zinc			—			79.4			—			(3.8)			75.6
Other			23.5			13.7			33.8			(0.8)			70.2
Total		$	954.6		$	122.3		$	766.5		$	(25.4)		$	1,818.0


		Three Months Ended June 30, 2018
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
(in millions)		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	911.7		$	15.9		$	571.9		$	(11.0)		$	1,488.5
Molybdenum			73.9			—			30.6			—			104.5
Zinc			—			94.8			—			—			94.8
Silver			48.1			23.9			18.4			(7.1)			83.3
Other			27.4			18.5			20.9			(0.7)			66.1
Total		$	1,061.1		$	153.1		$	641.8		$	(18.8)		$	1,837.2


		Six Months Ended June 30, 2019
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
(in millions)		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	1,695.3		$	23.0		$	1,173.4		$	(27.2)		$	2,864.5
Molybdenum			183.6			—			89.2			—			272.8
Silver			87.8			34.5			35.6			(12.3)			145.6
Zinc			—			156.5			—			(4.2)			152.3
Other			60.0			29.4			48.4			(1.6)			136.2
Total		$	2,026.7		$	243.4		$	1,346.6		$	(45.3)		$	3,571.4


		Six Months Ended June 30, 2018
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
(in millions)		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	1,821.1		$	27.1		$	1,135.9		$	(22.2)		$	2,961.9
Molybdenum			164.9			—			75.9			—			240.8
Zinc			—			189.8			—			(0.1)			189.7
Silver			90.7			44.5			33.8			(14.6)			154.4
Other			53.0			41.0			39.1			(1.5)			131.6
Total		$	2,129.7		$	302.4		$	1,284.7		$	(38.4)		$	3,678.4

Schedule of opening and closing balances of receivables by reporting segment

The opening and closing balances of receivables by reporting segment of the Company were as follows (in millions):


					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated

As of June 30, 2019:
Trade receivables		$	378.6		$	39.8		$	368.7		$	—		$	787.1
Related parties			82.2			—			—			8.8			91.0

As of December 31, 2018:
Trade receivables		$	505.9		$	50.5		$	266.0		$	—		$	822.4
Related parties			81.6			—			—			19.9			101.5

Schedule long term contracts by products

As of June 30, 2019, the Company has long-term contracts with promises to deliver the following products:


Copper concentrates (in tons)		1,090,000
Copper cathodes (in tons)		48,000
Molybdenum concentrates (in tons)		24,106
Sulfuric acid (in tons)		331,620

Schedule of provisionally priced copper and molybdenum sales outstanding

Following are the provisionally priced copper and molybdenum sales outstanding at June 30, 2019:


		Sales volume		Priced at
		(million lbs.)		(per pound)		Month of settlement
Copper		123.5		2.72		July through November 2019
Molybdenum		13.8		11.85		July through September 2019