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SEGMENT AND RELATED INFORMATION: (Tables)

12 Months Ended

Dec. 31, 2019

SEGMENT AND RELATED INFORMATION:

Schedule of financial information relating to Company's segments


		Year Ended December 31, 2019
		(in millions)
					Mexican						Corporate, other
		Mexican			IMMSA			Peruvian			and
		Open-pit			Unit			Operations			eliminations			Consolidated
Net sales outside of segments		$	3,963.9		$	381.6		$	2,940.1		$	—		$	7,285.6
Intersegment sales			—			83.2			—			(83.2)			—
Cost of sales (exclusive of depreciation, amortization and depletion)			1,613.1			380.3			1,702.1			(89.1)			3,606.4
Selling, general and administrative			78.6			7.9			38.5			6.8			131.8
Depreciation, amortization and depletion			351.9			52.3			328.1			32.1			764.4
Exploration			1.8			9.0			16.5			2.7			30.0
Operating income		$	1,918.5		$	15.3		$	854.9		$	(35.7)			2,753.0
Less:
Interest, net															(319.5)
Other income (expense)															(7.0)
Income taxes															(945.3)
Equity earnings of affiliate															10.7
Non-controlling interest															(6.1)
Net income attributable to SCC														$	1,485.8
Capital investment		$	244.3		$	106.3		$	350.1		$	6.8		$	707.5
Property and mine development, net		$	4,648.5		$	497.1		$	3,879.2		$	346.2		$	9,371.0
Total assets		$	8,081.9		$	837.6		$	5,017.9		$	2,470.0		$	16,407.4


		Year Ended December 31, 2018
		(in millions)
					Mexican						Corporate, other
		Mexican			IMMSA			Peruvian			and
		Open-pit			Unit			Operations			eliminations			Consolidated
Net sales outside of segments		$	4,075.9		$	448.6		$	2,572.2		$	—		$	7,096.7
Intersegment sales			—			79.3			—			(79.3)			—
Cost of sales (exclusive of depreciation, amortization and depletion)			1,611.0			377.2			1,509.4			(88.6)			3,409.0
Selling, general and administrative			55.3			8.5			36.7			2.1			102.6
Depreciation, amortization and depletion			360.4			47.6			237.4			28.9			674.3
Exploration			2.0			5.3			18.5			3.8			29.6
Operating income		$	2,047.2		$	89.3		$	770.2		$	(25.5)			2,881.2
Less:
Interest, net															(261.1)
Other income (expense)															(30.7)
Income taxes															(1,053.5)
Equity earnings of affiliate															12.3
Non-controlling interest															(5.2)
Net income attributable to SCC														$	1,543.0
Capital investment		$	266.8		$	60.0		$	774.0		$	20.6		$	1,121.4
Property and mine development, net		$	4,783.8		$	448.3		$	3,797.2		$	374.5		$	9,403.8
Total assets		$	8,165.2		$	930.2		$	4,813.1		$	379.1		$	14,287.6


		Year Ended December 31, 2017
		(in millions)
					Mexican						Corporate, other
		Mexican			IMMSA			Peruvian			and
		Open-pit			Unit			Operations			eliminations			Consolidated
Net sales outside of segments		$	3,972.7		$	437.7		$	2,244.1		$	—		$	6,654.5
Intersegment sales			—			71.0			—			(71.0)			—
Cost of sales (exclusive of depreciation, amortization and depletion)			1,594.3			365.3			1,362.8			(69.6)			3,252.8
Selling, general and administrative			47.9			7.9			36.2			1.1			93.1
Depreciation, amortization and depletion			401.0			56.2			203.6			10.3			671.1
Exploration			2.7			5.5			14.4			6.2			28.8
Environmental remediation			(10.2)			—			—			—			(10.2)
Operating income		$	1,937.0		$	73.8		$	627.1		$	(19.0)			2,618.9
Less:
Interest, net															(300.5)
Other income (expense)															(15.7)
Income taxes															(1,593.4)
Equity earnings of affiliate															23.1
Non-controlling interest															(3.9)
Net income attributable to SCC														$	728.5
Capital investment		$	297.6		$	36.5		$	685.4		$	4.0		$	1,023.5
Property and mine development, net		$	5,004.5		$	366.9		$	3,389.8		$	338.4		$	9,099.6
Total assets		$	8,323.1		$	889.1		$	4,314.5		$	253.4		$	13,780.1

The following table presents information regarding the opening and closing balances of receivables by reporting segment of the Company for the three years ended December 31, 2019 (in millions):


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

As of December 31, 2019:
Trade receivables		$	477.8		$	38.0		$	317.1		$	—		$	832.9
Related parties, current			22.1			—			—			7.9			30.0
Related parties, non-current			59.5			—			—			—			59.5

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

As of December 31, 2017:
Trade receivables		$	556.2		$	79.7		$	254.7		$	—		$	890.6
Related parties			18.0			—			—			8.1			26.1

Schedule of opening and closing balances of receivables by reporting segment

Schedule of sales value per segment

The following table presents information regarding the sales value by reporting segment of the Company’s significant products for the three years ended December 31, 2019 (in millions):


		Year Ended December 31, 2019
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	3,314.9		$	42.0		$	2,535.3		$	(46.9)		$	5,845.3
Molybdenum			341.0			—			208.4			—			549.4
Zinc			—			280.1			—			(2.3)			277.8
Silver			185.9			82.7			85.6			(29.9)			324.3
Other			122.1			60.0			110.8			(4.1)			288.8
Total		$	3,963.9		$	464.8		$	2,940.1		$	(83.2)		$	7,285.6


		Year Ended December 31, 2018
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	3,459.1		$	45.6		$	2,251.2		$	(48.1)		$	5,707.8
Molybdenum			342.5			—			167.4			—			509.9
Zinc			—			328.7			—			(0.1)			328.6
Silver			175.3			83.5			69.5			(28.1)			300.2
Other			99.0			70.1			84.1			(3.0)			250.2
Total		$	4,075.9		$	527.9		$	2,572.2		$	(79.3)		$	7,096.7


		Year Ended December 31, 2017
					Mexican
		Mexican			IMMSA			Peruvian			Corporate, Other &			Total
(in millions)		Open-pit			Unit			Operations			Eliminations			Consolidated
Copper		$	3,480.2		$	37.2		$	1,996.4		$	(37.3)		$	5,476.5
Molybdenum			224.0			—			129.4			—			353.4
Silver			170.7			71.9			70.6			(26.9)			286.3
Zinc			—			327.2			—			(0.6)			326.6
Other			97.8			73.2			47.7			(7.0)			211.7
Total		$	3,972.7		$	509.5		$	2,244.1		$	(71.8)		$	6,654.5

Schedule of net sales by countries

The geographic breakdown of the Company’s sales for the three years ended December 31, 2019 was as follows (in millions):


		Year Ended December 31, 2019
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	1,262.2		$	352.9		$	—		$	(83.2)		$	1,531.9
United States			1,054.9			6.2			134.5			—			1,195.6
Peru			1.6			—			338.4			—			340.0
Brazil			—			17.3			194.4			—			211.7
Chile			1.2			—			190.1			—			191.3
Other American countries			37.6			2.2			3.3			—			43.1
Europe:
Switzerland			780.9			36.7			355.8			—			1,173.4
Italy			45.1			13.3			238.6			—			297.0
Spain			186.1			—			—			—			186.1
Other European countries			92.8			24.9			256.9			—			374.6
Asia:
Singapore			345.4			10.4			611.1			—			966.9
Japan			59.9			—			440.9			—			500.8
Other Asian countries			96.2			0.9			176.1			—			273.2
Total		$	3,963.9		$	464.8		$	2,940.1		$	(83.2)		$	7,285.6


		Year Ended December 31, 2018
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	1,343.0		$	385.6		$	—		$	(79.3)		$	1,649.3
United States			1,008.0			6.6			244.0			—			1,258.6
Peru			—			—			390.4			—			390.4
Brazil			—			43.8			228.1			—			271.9
Chile			—			—			136.3			—			136.3
Other American countries			60.6			3.8			1.4			—			65.8
Europe:
Switzerland			453.3			43.4			156.7			—			653.4
Italy			20.6			21.7			305.0			—			347.3
Spain			169.4			—			—			—			169.4
Other European countries			234.8			19.9			124.9			—			379.6
Asia:
Singapore			528.8			2.2			538.2			—			1,069.2
Japan			71.8			—			411.6			—			483.4
Other Asian countries			185.6			0.9			35.6			—			222.1
Total		$	4,075.9		$	527.9		$	2,572.2		$	(79.3)		$	7,096.7


		Year Ended December 31, 2017
					Mexican
		Mexican			IMMSA			Peruvian			Corporate &
		Open-Pit			Unit			Operations			Elimination			Consolidated
The Americas:
Mexico		$	1,240.0		$	349.1		$	6.6		$	(71.8)		$	1,523.9
United States			1,001.2			41.7			147.4			—			1,190.3
Peru			—			0.8			373.4			—			374.2
Brazil			—			48.7			191.4			—			240.1
Chile			—			—			103.4			—			103.4
Other American countries			68.1			4.1			19.3			—			91.5
Europe:
Switzerland			473.1			14.3			114.9			—			602.3
Italy			27.7			18.6			286.1			—			332.4
Spain			142.8			—			—			—			142.8
Other European countries			230.3			30.3			76.6			—			337.2
Asia:
Singapore			547.9			1.4			502.0			—			1,051.3
Japan			93.0			—			386.6			—			479.6
Other Asian countries			148.6			0.5			36.4			—			185.5
Total		$	3,972.7		$	509.5		$	2,244.1		$	(71.8)		$	6,654.5

Schedule of provisionally priced copper and molybdenum sales outstanding


		Sales volume		Priced at
		(million lbs.)		(per pound)		Month of settlement
Copper		116.8		2.80		January through March 2020
Molybdenum		13.7		9.20		January through March 2020

Provisional sales price adjustments included in accounts receivable and net sales were as follows at December, 31 (in millions):


		At December 31,
		2019			2018
Copper		$	4.0		$	(7.6)
Molybdenum			(8.2)			(2.4)
Total		$	(4.2)		$	(10.0)

Schedule of provisional sales price adjustments included in accounts receivable and net sales