FINANCIAL MODEL

Southern Copper Corporation

SCCO · all figures in $M unless noted

burgundy figures open the exact filing page they were verified against · green figures are computed — click for the formula

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Income Statement
Revenue	5,380	6,654	7,097	7,286	7,985	10,934	10,048	9,896	11,433	13,420
Cost of Goods Sold	3,034	3,253	3,409	3,606	3,930	3,894	4,649	4,688	4,841	5,359
Gross Profit
SG&A	94	93	103	132	126	125	125	127	130	138
R&D
EBITDA
D&A	647	671	674	764	776	806	796	834	846	868
EBIT (Operating Income)	1,564	2,619	2,881	2,753	3,121	6,065	4,436	4,192	5,555	7,002
Interest Expense	360	357	361	373	393	388	387	376	376	417
Pre-Tax Income	1,256	2,303	2,589	2,426	2,746	5,697	4,248	3,956	5,357	6,784
Tax Expense	501	1,593	1,054	945	1,174	2,299	1,596	1,519	1,975	2,470
Net Income	776	728	1,543	1,486	1,570	3,397	2,638	2,425	3,377	4,335
Diluted EPS	1.00	0.94	2.00	1.92	2.03	4.39	3.41	3.14	4.34	5.24
Diluted Shares (M)	773.6	773.0	773.0	773.1	773.1	773.1	773.1	773.1	780.4	826.6
Balance Sheet
Total Cash & Equivalents	546	1,005	845	1,925	2,184	3,002	2,070	1,152	3,258	4,305
Short-term Debt	0	0	0	400	0	300	0	0	500	0
Long-term Debt	5,954	5,957	5,960	6,541	6,544	6,248	6,251	6,255	5,758	6,751
Total Debt
Net Debt
Total Current Assets		3,170	3,180	4,185	4,815	6,140	5,188	4,430	6,174	8,352
Total Current Liabilities		1,168	1,216	1,476	1,385	2,250	1,236	1,388	2,248	2,145
Total Assets	13,234	13,780	14,485	16,407	16,946	18,298	17,277	16,725	18,714	21,381
Total Liabilities	7,363	7,631	7,872	9,549	9,670	10,090	9,130	9,244	9,475	10,276
Shareholders' Equity	5,832	6,108	6,567	6,810	7,225	8,149	8,084	7,418	9,172	11,038
Minority Interest	39	42	45	48	51	59	63	63	67	67
Intangibles & Goodwill		152	148	148	143	138	135	130	125	122
PP&E	8,766	9,100	9,404	9,371	9,459	9,464	9,597	9,783	9,883	10,272
Receivables	592	891	822	833	1,069	1,359	1,394	1,141	1,190	1,951
Payables		660	673	598	595	592	658	653	615	862
Inventory		1,042	1,033	1,068	950	973	1,014	1,017	1,049	1,058
Retained Earnings	5,455	5,726	6,187	6,436	6,846	7,770	7,702	7,034	6,840	5,797
Cash Flow
Cash from Operations	923	1,977	2,235	1,912	2,784	4,292	2,802	3,573	4,422	4,752
Capital Expenditures	1,118	1,024	1,121	708	592	892	948	1,009	1,027	1,325
Free Cash Flow
Stock-Based Compensation	1	1	0			1	1	1	0	2
Dividends Paid	139	456	1,082	1,237	1,160	2,474	2,706	3,092	1,637	2,485
Share Repurchases	72