XML 101 R49.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT AND RELATED INFORMATION: (Tables)
12 Months Ended
Dec. 31, 2013
SEGMENT AND RELATED INFORMATION:  
Schedule of income and assets by segments

 

 

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

 

$

2,976.7

 

$

361.6

 

$

2,614.6

 

$

 

$

5,952.9

 

Intersegment sales

 

 

96.9

 

 

(96.9

)

 

Cost of sales (exclusive of depreciation, amortization and depletion)

 

1,308.9

 

320.7

 

1,358.6

 

(116.9

)

2,871.3

 

Selling, general and administrative

 

35.4

 

15.1

 

49.8

 

2.3

 

102.6

 

Depreciation, amortization and depletion

 

178.9

 

31.0

 

177.2

 

8.8

 

395.9

 

Exploration

 

3.2

 

27.2

 

20.6

 

 

51.0

 

Operating income

 

$

1,450.3

 

$

64.5

 

$

1,008.4

 

$

8.9

 

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

 

$

1,209.9

 

$

60.6

 

$

372.3

 

$

60.5

 

$

1,703.3

 

Property, net

 

$

3,579.9

 

$

378.2

 

$

2,451.4

 

$

66.7

 

$

6,476.2

 

Total assets

 

$

6,010.3

 

$

895.6

 

$

3,753.7

 

$

550.8

 

$

11,210.4

 

 

 

 

Year Ended December 31, 2012

 

 

 

(in millions)

 

 

 

Mexican
Open-pit

 

Mexican
IMMSA 
Unit

 

Peruvian 
Operations

 

Corporate
and other
eliminations

 

Total
Consolidated

 

Net sales outside of segments

 

$

3,339.0

 

$

378.0

 

$

2,952.3

 

$

 

$

6,669.3

 

Intersegment sales

 

 

 

135.0

 

 

 

(135.0

)

 

Cost of sales (exclusive of depreciation, amortization and depletion)

 

1,228.2

 

292.4

 

1,380.5

 

(131.9

)

2,769.2

 

Selling, general and administrative

 

34.4

 

14.6

 

48.5

 

3.8

 

101.3

 

Depreciation, amortization and depletion

 

145.6

 

25.2

 

160.3

 

(5.3

)

325.8

 

Legal fees related to the SCC shareholder derivative lawsuit

 

 

 

 

 

 

 

316.2

 

316.2

 

Exploration

 

5.2

 

28.2

 

14.5

 

 

47.9

 

Operating income

 

$

1,925.6

 

$

152.6

 

$

1,348.5

 

$

(317.8

)

3,108.9

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest, net

 

 

 

 

 

 

 

 

 

(157.2

)

Other income (expense)

 

 

 

 

 

 

 

 

 

21.8

 

Income taxes

 

 

 

 

 

 

 

 

 

(1,080.9

)

Equity earnings of affiliate

 

 

 

 

 

 

 

 

 

48.7

 

Non-controlling interest

 

 

 

 

 

 

 

 

 

(6.7

)

Income attributable to SCC

 

 

 

 

 

 

 

 

 

$

1,934.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

$

804.4

 

$

56.0

 

$

257.8

 

$

(66.3

)

$

1,051.9

 

Property, net

 

$

2,444.9

 

$

350.9

 

$

2,231.4

 

$

129.5

 

$

5,156.7

 

Total assets

 

$

4,241.4

 

$

873.1

 

$

3,353.0

 

$

1,916.2

 

$

10,383.7

 

 

 

 

Year Ended December 31, 2011

 

 

 

(in millions)

 

 

 

Mexican
Open-pit

 

Mexican
IMMSA 
Unit

 

Peruvian 
Operations

 

Corporate
and other
eliminations

 

Total
Consolidated

 

Net sales outside of segments

 

$

3,212.1

 

$

420.1

 

$

3,186.5

 

$

 

$

6,818.7

 

Intersegment sales

 

 

126.1

 

 

(126.1

)

 

Cost of sales (exclusive of depreciation, amortization and depletion)

 

1,115.8

 

309.3

 

1,441.0

 

(102.9

)

2,763.2

 

Selling, general and administrative

 

34.1

 

14.7

 

50.8

 

4.9

 

104.5

 

Depreciation, amortization and depletion

 

133.6

 

24.5

 

140.6

 

(10.6

)

288.1

 

Exploration

 

3.5

 

22.0

 

12.0

 

 

37.5

 

Operating income

 

$

1,925.1

 

$

175.7

 

$

1,542.1

 

$

(17.5

)

3,625.4

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest, net

 

 

 

 

 

 

 

 

 

(172.8

)

Other income (expense)

 

 

 

 

 

 

 

 

 

(4.0

)

Income taxes

 

 

 

 

 

 

 

 

 

(1,104.3

)

Non-controlling interest

 

 

 

 

 

 

 

 

 

(7.9

)

Income attributable to SCC

 

 

 

 

 

 

 

 

 

$

2,336.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

$

357.6

 

$

48.7

 

$

205.5

 

$

1.1

 

$

612.9

 

Property, net

 

$

1,827.2

 

$

320.1

 

$

2,225.9

 

$

56.7

 

$

4,429.9

 

Total assets

 

$

3,471.6

 

$

743.4

 

$

3,164.0

 

$

683.7

 

$

8,062.7

 

Schedule of sales value per segment

 

 

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

 

242.2

 

 

147.9

 

 

390.1

 

Silver

 

242.7

 

110.1

 

79.7

 

(38.8

)

393.7

 

Zinc

 

 

200.3

 

 

 

200.3

 

Other

 

126.3

 

99.7

 

97.7

 

(9.7

)

314.0

 

Total

 

$

2,976.7

 

$

458.5

 

$

2,614.6

 

$

(96.9

)

$

5,952.9

 

 

 

 

Year Ended December 31, 2012

 

 

 

(in millions)

 

Mexican
Open-pit

 

Mexican
IMMSA Unit

 

Peruvian
Operations

 

Corporate, Other
& Eliminations

 

Total
Consolidated

 

Copper

 

$

2,604.9

 

$

62.3

 

$

2,532.0

 

$

(62.3

)

$

5,136.9

 

Molybdenum

 

271.3

 

 

179.2

 

 

450.5

 

Silver

 

280.5

 

161.5

 

113.6

 

(60.3

)

495.3

 

Zinc

 

 

195.9

 

 

 

195.9

 

Other

 

182.3

 

93.3

 

127.5

 

(12.4

)

390.7

 

Total

 

$

3,339.0

 

$

513.0

 

$

2,952.3

 

$

(135.0

)

$

6,669.3

 

 

 

 

Year Ended December 31, 2011

 

 

 

(in millions)

 

Mexican
Open-pit

 

Mexican
IMMSA Unit

 

Peruvian
Operations

 

Corporate, Other
& Eliminations

 

Total
Consolidated

 

Copper

 

$

2,509.6

 

$

57.2

 

$

2,720.0

 

$

(57.2

)

$

5,229.6

 

Molybdenum

 

310.8

 

 

233.3

 

 

544.1

 

Silver

 

248.1

 

184.2

 

121.2

 

(61.1

)

492.4

 

Zinc

 

 

209.8

 

 

 

209.8

 

Other

 

143.6

 

95.0

 

112.0

 

(7.8

)

342.8

 

Total

 

$

3,212.1

 

$

546.2

 

$

3,186.5

 

$

(126.1

)

$

6,818.7

 

Schedule of net sales by countries

 

 

Years Ended December 31,

 

(in millions)

 

2013

 

2012

 

2011

 

United States

 

$

1,031.2

 

$

1,567.4

 

$

2,103.7

 

Europe

 

1,057.5

 

1,365.1

 

1,292.1

 

Mexico

 

1,403.3

 

1,676.4

 

1,269.3

 

Peru

 

324.8

 

296.2

 

261.7

 

Brazil

 

471.0

 

449.0

 

598.5

 

Chile

 

366.1

 

443.5

 

515.8

 

Latin America, other

 

391.8

 

108.3

 

101.2

 

Asia

 

907.2

 

763.4

 

662.9

 

Derivative instruments

 

 

 

13.5

 

Total

 

$

5,952.9

 

$

6,669.3

 

$

6,818.7

 

Schedule of provisionally priced copper and molybdenum sales outstanding

Following are the provisionally priced copper and molybdenum sales outstanding at December 31, 2013:

 

Copper
(million lbs.)

 

Priced at
(per pound)

 

Month of settlement

 

16.1

 

3.344

 

January through February 2014

 

 

Molybdenum
(million lbs.)

 

Priced at
(per pound)

 

Month of settlement

 

10.3

 

9.70

 

January 2014 through April 2014

 

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):

 

 

 

As of December 31,

 

 

 

2013

 

2012

 

Copper

 

$

1.0

 

$

2.9

 

Molybdenum

 

0.6

 

3.7

 

Total

 

$

1.6

 

$

6.6