SOUTHERN COPPER CORP/ SCCO
Our Peruvian copper operations involve mining, milling and flotation of copper ore to produce copper; the smelting of copper concentrates to produce blister and anode copper; and the refining of anode copper to produce copper cathodes. As part of this production process, we also produce significant amounts of molybdenum concentrate and sulfuric acid. Our precious metals plant at the Ilo refinery produces refined silver, gold, and other materials. Additionally, we produce refined copper using solvent extraction/electrowinning technology ("SX-EW"). We operate the Toquepala and Cuajone open-pit mines high in the Andes Mountains, approximately 860 kilometers southeast of the city of Lima, Peru. We also operate a smelter and refinery west of the Toquepala and Cuajone mines in the coastal city of Ilo, Peru.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.42B | $11.43B | $9.90B | $10.05B | $10.93B | $7.98B | $7.29B | $7.10B | $6.65B | $5.38B |
| Cost of revenue | $5.36B | $4.84B | $4.69B | $4.65B | $3.89B | $3.93B | $3.61B | $3.41B | $3.25B | $3.03B |
| Gross profit | $8.06B | $6.59B | $5.21B | $5.40B | $7.04B | $4.06B | $2.91B | $3.01B | $2.73B | $1.70B |
| SG&A | $137.8M | $130.5M | $127.2M | $125.0M | $125.2M | $126.2M | $131.8M | $102.6M | $93.1M | $94.3M |
| Total operating expenses | $6.42B | $5.88B | $5.70B | $5.61B | $4.87B | $4.86B | $4.53B | $4.22B | $4.04B | $3.82B |
| Operating income | $7.00B | $5.55B | $4.19B | $4.44B | $6.07B | $3.12B | $2.75B | $2.88B | $2.62B | $1.56B |
| Pre-tax income | $6.78B | $5.36B | $3.96B | $4.25B | $5.70B | $2.75B | $2.43B | $2.59B | $2.30B | $1.26B |
| Income tax | $2.47B | $1.98B | $1.52B | $1.60B | $2.30B | $1.17B | $945.3M | $1.05B | $1.59B | $501.1M |
| Net income | $4.33B | $3.38B | $2.43B | $2.64B | $3.40B | $1.58B | $1.49B | $1.55B | $732.4M | $778.8M |
| EPS, basic | 5.24 | 4.21 | 3.05 | 3.41 | 4.39 | 2.03 | 1.92 | — | — | — |
| EPS, diluted | 5.24 | 4.21 | 3.05 | 3.41 | 4.39 | 2.03 | 1.92 | 2.00 | 0.94 | 1.00 |
| Shares, diluted (wtd. avg.) | 826.6M | 802.9M | 795.3M | 773.1M | 773.1M | 773.1M | 773.1M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.30B | $3.26B | $1.15B | $2.07B | $3.00B | $2.18B | $1.93B | $844.6M | $1.00B | $546.0M |
| Short-term investments | $604.6M | $245.3M | $599.3M | $208.3M | $486.9M | $410.8M | $80.7M | $213.8M | $50.5M | $51.3M |
| Receivables | $1.95B | $1.19B | $1.14B | $1.39B | $1.36B | $1.07B | $832.9M | $822.4M | $890.6M | $591.9M |
| Inventory | $1.06B | $1.05B | $1.02B | $1.01B | $972.9M | $950.2M | $1.07B | $1.03B | $1.04B | $1.01B |
| Total current assets | $8.35B | $6.17B | $4.43B | $5.19B | $6.14B | $4.82B | $4.18B | $3.18B | $3.17B | $2.57B |
| Property, plant and equipment | $10.27B | $9.88B | $9.78B | $9.60B | $9.46B | $9.46B | $9.37B | $9.40B | $9.10B | $8.77B |
| Goodwill | $41.9M | $41.9M | $41.9M | $41.9M | $41.9M | $41.9M | $41.9M | $41.9M | $41.9M | $41.9M |
| Other intangibles | $15.7M | $16.0M | $18.5M | $21.4M | $21.0M | $25.4M | $30.5M | $24.8M | $26.1M | $28.0M |
| Total assets | $21.38B | $18.71B | $16.73B | $17.28B | $18.30B | $16.95B | $16.41B | $14.29B | $13.78B | $13.23B |
| Accounts payable | $861.5M | $615.2M | $652.6M | $657.6M | $591.9M | $594.6M | $598.3M | $673.4M | $659.8M | $584.2M |
| Short-term debt | — | $499.8M | — | — | $299.7M | — | $399.8M | — | — | — |
| Total current liabilities | $2.15B | $2.25B | $1.39B | $1.24B | $2.25B | $1.38B | $1.48B | $1.22B | $1.17B | $999.0M |
| Long-term debt | $6.75B | $5.76B | $6.25B | $6.25B | $6.25B | $6.54B | $6.54B | $5.96B | $5.96B | $5.95B |
| Retained earnings | $5.80B | $6.84B | $7.03B | $7.70B | $7.77B | $6.85B | $6.44B | $6.19B | $5.73B | $5.46B |
| Total equity | $11.04B | $9.17B | $7.48B | $8.15B | $8.21B | $7.28B | $6.86B | $6.61B | $6.15B | $5.87B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.75B | $4.42B | $3.57B | $2.80B | $4.29B | $2.78B | $1.91B | $2.24B | $1.98B | $923.1M |
| Depreciation and amortisation | $868.4M | $845.9M | $833.6M | $796.3M | $806.0M | $775.6M | $764.4M | $674.3M | $671.1M | $647.1M |
| Capital expenditure | $1.33B | $1.03B | $1.01B | $948.5M | $892.3M | $592.2M | $707.5M | $1.12B | $1.02B | $1.12B |
| Investing cash flow | -$1.68B | -$673.3M | -$1.40B | -$666.8M | -$972.9M | -$915.8M | -$574.0M | -$1.30B | -$1.02B | -$452.0M |
| Financing cash flow | -$2.01B | -$1.65B | -$3.10B | -$3.01B | -$2.48B | -$1.56B | -$262.2M | -$1.08B | -$456.1M | -$210.7M |
| Dividends paid | $2.49B | $1.64B | $3.09B | $2.71B | $2.47B | $1.16B | $1.24B | $1.08B | $456.1M | $139.3M |
| Buybacks | $2.90B | $2.90B | $2.90B | $2.90B | $2.90B | $2.90B | $2.90B | — | — | $71.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-044982.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.38B | $6.65B | $7.10B | $7.29B | $7.98B | $10.93B | $10.05B | $9.90B | $11.43B | $13.42B |
| Gross profit | $1.70B | $2.73B | $3.01B | $2.91B | $4.06B | $7.04B | $5.40B | $5.21B | $6.59B | $8.06B |
| Net income | $778.8M | $732.4M | $1.55B | $1.49B | $1.58B | $3.40B | $2.64B | $2.43B | $3.38B | $4.33B |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event Item 8.01
- Other event Item 8.01
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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