XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS        
Net sales (including sales to related parties, see note 5) $ 2,505.6 $ 2,156.9 $ 7,600.2 $ 7,227.6
Operating cost and expenses:        
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) 1,175.7 1,137.9 3,517.6 3,442.3
Selling, general and administrative 32.7 30.2 94.1 91.4
Depreciation, amortization and depletion 212.5 192.0 625.4 597.6
Exploration 15.5 9.6 39.5 30.6
Total operating costs and expenses 1,436.4 1,369.7 4,276.6 4,161.9
Operating income 1,069.2 787.2 3,323.6 3,065.7
Interest expense (94.2) (96.7) (282.3) (291.8)
Capitalized interest 12.7 12.5 36.5 34.6
Other income (expense) 8.9 38.7 24.9 54.4
Interest income 20.8 7.8 65.3 16.7
Income before income taxes 1,017.4 749.5 3,168.0 2,879.6
Income taxes (including royalty taxes, see Note 4) 395.3 228.5 1,170.2 1,137.0
Net income before equity earnings of affiliate 622.1 521.0 1,997.8 1,742.6
Equity earnings (loss) of affiliate, net of income tax (0.1) (0.1) (10.3) 0.3
Net income 622.0 520.9 1,987.5 1,742.9
Less: Net income attributable to the non-controlling interest 2.5 1.9 7.3 6.8
Net income attributable to SCC $ 619.5 $ 519.0 $ 1,980.2 $ 1,736.1
Per common share amounts attributable to SCC:        
Net earnings-basic $ 0.80 $ 0.67 $ 2.56 $ 2.25
Net earnings-diluted $ 0.80 $ 0.67 $ 2.56 $ 2.25
Weighted average shares outstanding-basic 773.1 773.1 773.1 773.1
Weighted average shares outstanding-diluted 773.1 773.1 773.1 773.1