Southern Copper Corp (SCCO) financial statements: income statement, balance sheet and cash flow

Southern Copper Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Southern Copper Corp reported revenue of $13.4B (+17.4% year on year) and net income of $4.3B (+28.3% year on year).

Income statement

Southern Copper Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales (including sales to related parties, see note 17)	$13.4B	$11.4B	$9.9B	$10.0B
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below)	$5.4B	$4.8B	$4.7B	$4.6B
Selling, general and administrative	$137.8M	$130.5M	$127.2M	$125.0M
Depreciation, amortization and depletion	$868.4M	$845.9M	$833.6M	$796.3M
Exploration	$52.8M	$60.9M	$55.0M	$41.7M
Total operating costs and expenses	$6.4B	$5.9B	$5.7B	$5.6B
Operating income	$7.0B	$5.6B	$4.2B	$4.4B
Interest expense	($416.7M)	($376.5M)	($376.3M)	($387.1M)
Capitalized interest	$47.4M	$42.4M	$49.6M	$47.0M
Interest income	$199.7M	$131.4M	$86.6M	$35.0M
Other income (expense)	($47.7M)	$5.5M	$3.6M	$117.1M
Income before income taxes	$6.8B	$5.4B	$4.0B	$4.2B
Income taxes (including royalty taxes, see Note 7)	$2.5B	$2.0B	$1.6B	$1.5B
Deferred income taxes	($33.9M)	($52.2M)	($59.1M)	$118.6M
Net income before equity earnings of affiliate	$4.3B	$3.4B	$2.4B	$2.7B
Equity earnings of affiliate, net of income tax	$34.0M	$6.4M	($2.2M)	($3.7M)
Net income	$4.3B	$3.4B	$2.4B	$2.6B
Less: Net income attributable to the non-controlling interest	$13.3M	$11.8M	$9.5M	$9.5M
Net income attributable to SCC	$4.3B	$3.4B	$2.4B	$2.6B
Net earnings-basic	$5.24	$4.34	$3.14	$3.41
Net earnings-diluted	$5.24	$4.34	$3.14	$3.41
Weighted average shares outstanding-basic	826.6M	780.4M	773.1M	773.1M
Weighted average shares outstanding-diluted	826.6M	780.4M	773.1M	773.1M

Southern Copper Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales (including sales to related parties, see note 5)	$4.3B	$4.3B	$3.4B	$3.1B
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below)	$1.4B	$1.5B	$1.4B	$1.2B
Selling, general and administrative	$35.3M	$35.8M	$33.7M	$32.5M
Depreciation, amortization and depletion	$226.0M	$225.7M	$207.8M	$206.2M
Exploration	$14.9M	$10.8M	$10.2M	$13.7M
Total operating costs and expenses	$1.7B	$1.8B	$1.6B	$1.5B
Operating income	$2.6B	$2.5B	$1.8B	$1.6B
Interest expense	($105.6M)	($104.5M)	($104.3M)	($105.6M)
Capitalized interest	$17.6M	$14.7M	$13.0M	$11.6M
Interest income	$57.5M	$46.8M	$47.9M	$53.1M
Other income (expense)	$6.8M	$6.7M	($1.1M)	($2.3M)
Income before income taxes	$2.6B	$2.4B	$1.7B	$1.5B
Income taxes (including royalty taxes, see Note 4)	$945.3M	$891.0M	$619.7M	$576.0M
Net income before equity earnings of affiliate	$1.7B	$1.6B	$1.1B	$967.9M
Equity earnings of affiliate, net of income tax	$20.5M	$28.7M	$6.4M	$8.8M
Net income	$1.7B	$1.6B	$1.1B	$976.7M
Less: Net income attributable to the non-controlling interest	$4.6M	$5.0M	$3.3M	$3.2M
Net income attributable to SCC	$1.7B	$1.6B	$1.1B	$973.4M
Net earnings-basic	$2.01	$1.92	$1.35	$1.21
Net earnings-diluted	$2.01	$1.92	$1.35	$1.21
Weighted average shares outstanding-basic	829.1M	821.7M	822.7M	807.8M
Weighted average shares outstanding-diluted	829.1M	821.7M	822.7M	807.8M

Balance sheet

Southern Copper Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$4.3B	$3.3B	$1.2B	$2.1B
Short-term investments	$604.6M	$245.3M	$599.3M	$208.3M
Accounts receivable trade	$2.0B	$1.2B	$1.1B	$1.4B
Accounts receivable other (including related parties 2025- $16.2 and 2024 - $13.5)	$71.4M	—	—	—
Inventories	$1.1B	$1.0B	$1.0B	$1.0B
Prepaid taxes	$331.2M	$346.7M	$395.4M	$377.6M
Other current assets	$31.3M	$31.7M	$38.1M	$44.4M
Total current assets	$8.4B	$6.2B	$4.4B	$5.2B
Property and mine development, net	$10.3B	$9.9B	$9.8B	$9.6B
Ore stockpiles on leach pads	$1.1B	$1.1B	$1.1B	$1.1B
Intangible assets, net	$122.4M	$124.6M	$130.2M	$134.7M
Right-of-use assets	$700.8M	$739.5M	$775.4M	$851.4M
Deferred income tax	$336.3M	$310.6M	$256.1M	$237.3M
Equity method investment	$134.5M	$111.9M	$108.2M	$110.8M
Other non-current assets	$348.2M	$223.5M	$121.3M	$94.6M
Total assets	$21.4B	$18.7B	$16.7B	$17.3B
Accounts payable (including related parties 2025 - $138.4 and 2024 - $49.2)	$861.5M	$615.2M	$652.6M	$657.6M
Accrued income taxes	$634.4M	$635.2M	$278.3M	$138.1M
Accrued workers' participation	$404.6M	$280.8M	$245.7M	$236.3M
Accrued interest	$115.0M	$97.1M	$97.1M	$97.1M
Lease liabilities current	$86.5M	$81.8M	$78.0M	$77.3M
Other accrued liabilities	$43.0M	$38.1M	$36.8M	$29.3M
Total current liabilities	$2.1B	$2.2B	$1.4B	$1.2B
Long-term debt, net of current portion	$6.8B	$5.8B	$6.3B	$6.3B
Lease liabilities	$576.3M	$657.6M	$697.4M	$774.1M
Deferred income taxes	$130.5M	$124.5M	$132.2M	$161.2M
Non-current taxes payable	$97.1M	$104.9M	$92.7M	$40.6M
Other liabilities and reserves	$105.7M	$35.6M	$66.2M	$82.4M
Asset retirement obligation	$471.1M	$546.1M	$612.5M	$585.3M
Total non-current liabilities	$8.1B	$7.2B	$7.9B	$7.9B
Common stock par value $0.01; shares authorized, 2025 and 2024-2,000; shares issued, 2025 and 2024-884.6	8.8M	8.8M	8.8M	8.8M
Additional paid-in capital	$7.3B	$5.0B	$3.5B	$3.5B
Retained earnings	$5.8B	$6.8B	$7.0B	$7.7B
Accumulated other comprehensive income	$8.3M	($2.2M)	($8.0M)	($9.0M)
Treasury stock, at cost, common shares	-2.0B	-2.7B	-3.1B	-3.1B
Total Southern Copper Corporation stockholders' equity	$11.0B	$9.2B	$7.4B	$8.1B
Non-controlling interest	$66.8M	$66.6M	$63.1M	$62.7M
Total equity	$11.1B	$9.2B	$7.5B	$8.1B
Total liabilities and equity	$21.4B	$18.7B	$16.7B	$17.3B

Southern Copper Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$5.7B	$4.9B	$3.9B	$3.3B
Short-term investments	$1.7B	$434.1M	$575.9M	$675.4M
Accounts receivable trade	$2.0B	$2.0B	$1.7B	$1.6B
Accounts receivable other (including related parties 2026- $10.9 and 2025 - $16.2)	$79.0M	$63.4M	—	—
Inventories	$1.1B	$959.2M	$1.0B	$1.0B
Prepaid taxes	$304.2M	$296.0M	$297.1M	$334.3M
Other current assets	$17.7M	$32.6M	$25.2M	$24.7M
Total current assets	$10.8B	$8.7B	$7.7B	$7.0B
Property and mine development, net	$10.7B	$10.5B	$10.0B	$9.9B
Ore stockpiles on leach pads	$1.1B	$1.1B	$1.1B	$1.1B
Intangible assets, net	$121.5M	$122.6M	$120.9M	$121.7M
Right-of-use assets, net	$654.2M	$674.0M	$683.4M	$700.7M
Deferred income tax	$337.1M	$352.5M	$274.6M	$260.4M
Equity method investment	$160.9M	$150.7M	$123.6M	$120.8M
Other non-current assets	$339.7M	$329.1M	$309.3M	$284.5M
Total assets	$24.1B	$21.9B	$20.3B	$19.6B
Accounts payable (including related parties 2026- $122.5 and 2025- $138.4)	$871.9M	$906.0M	$739.2M	$647.2M
Accrued income taxes	$704.9M	$460.5M	$398.2M	$264.6M
Accrued workers' participation	$279.4M	$352.2M	$288.1M	$162.9M
Accrued interest	$116.1M	$126.1M	$126.1M	$115.0M
Lease liabilities current	$95.6M	$88.5M	$85.4M	$84.0M
Other accrued liabilities	$64.2M	$59.2M	$61.0M	$55.3M
Total current liabilities	$2.1B	$2.0B	$1.7B	$1.3B
Long-term debt	$8.0B	$6.8B	$6.7B	$6.7B
Lease liabilities	$534.4M	$561.3M	$598.0M	$616.7M
Deferred income taxes	$114.5M	$110.4M	$131.4M	$136.4M
Non-current taxes payable	$111.2M	$103.0M	$99.5M	$100.4M
Other liabilities and reserves	$41.9M	$66.6M	$80.8M	$60.7M
Asset retirement obligation	$490.7M	$485.0M	$457.7M	$509.9M
Total non-current liabilities	$9.3B	$8.1B	$8.1B	$8.2B
Common stock par value $0.01; shares authorized, 2026 and 2025-2,000; shares issued, 2026 and 2025-884.6	8.8M	8.8M	8.8M	8.8M
Additional paid-in capital	$9.7B	$8.3B	$6.5B	$5.9B
Retained earnings	$4.6B	$5.3B	$6.1B	$6.5B
Accumulated other comprehensive income	$8.3M	$8.3M	($2.2M)	($2.2M)
Treasury stock, at cost, common shares	-1.7B	-1.9B	-2.2B	-2.4B
Total Southern Copper Corporation stockholders' equity	$12.6B	$11.8B	$10.4B	$10.0B
Non-controlling interest	$76.4M	$71.8M	$67.0M	$68.6M
Total equity	$12.7B	$11.9B	$10.5B	$10.1B
Total liabilities and equity	$24.1B	$21.9B	$20.3B	$19.6B

Cash flow statement

Southern Copper Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$4.3B	$3.4B	$2.4B	$2.6B
Depreciation, amortization and depletion	$868.4M	$845.9M	$833.6M	$796.3M
Equity earnings of affiliate, net of dividends received	($22.6M)	($3.7M)	$2.6M	$4.6M
Loss on foreign currency transaction effect	$42.9M	$13.7M	$10.4M	$41.9M
Benefit for deferred income taxes	($33.9M)	($52.2M)	($59.1M)	$118.6M
Net charges for asset retirement obligations, including accretion	($24.0M)	($24.4M)	$26.1M	$16.4M
Other, net	$85.9M	$15.2M	$14.8M	$16.9M
(Increase) decrease in accounts receivable trade	($761.6M)	($48.5M)	$253.0M	($35.4M)
Decrease (increase) in inventories	$22.1M	($56.1M)	($60.4M)	($7.7M)
Increase in accounts payable and accrued liabilities	$326.2M	$385.7M	$152.1M	($718.0M)
(Increase) in other operating assets and liabilities	($99.4M)	($42.4M)	($34.7M)	($79.1M)
Net cash provided by operating activities	$4.8B	$4.4B	$3.6B	$2.8B
Capital expenditures	($1.3B)	($1.0B)	($1.0B)	($948.5M)
Purchase of short-term investments	($2.1B)	($611.8M)	($808.7M)	($486.2M)
Proceeds on sale of short-term investments	$1.7B	$965.8M	$417.7M	$764.7M
Net cash used in investing activities	($1.7B)	($673.3M)	($1.4B)	($666.8M)
Proceeds from issuance of debt	$993.8M	—	—	—
Payments of debt issuance costs	($6.4M)	—	—	—
Repayments of debt	($500.0M)	—	—	($300.0M)
Cash dividends paid to common stockholders	($2.5B)	($1.6B)	($3.1B)	($2.7B)
Distributions to non-controlling interest	($9.9M)	($8.3M)	($9.1M)	($5.5M)
Other, net	$300.0K	$400.0K	$1.2M	$3.2M
Net cash used in financing activities	($2.0B)	($1.6B)	($3.1B)	($3.0B)
Effect of exchange rate changes on cash and cash equivalents	($13.7M)	$3.4M	$8.3M	($57.0M)
Increase (decrease) in cash and cash equivalents	$1.0B	$2.1B	($918.2M)	($932.3M)
Cash and cash equivalents, at beginning of year	$3.3B	$1.2B	$2.1B	$3.0B
Cash and cash equivalents, at end of year	$4.3B	$3.3B	$1.2B	$2.1B
Interest	$388.2M	$369.7M	$369.7M	$380.2M
Workers' participation	$328.0M	$262.2M	$258.2M	$450.6M
Decrease in pension and other post-retirement benefits	$5.7M	$5.8M	$1.0M	$1.0M
Capital expenditures incurred but not yet paid	$85.0M	$19.8M	$16.1M	$18.5M

Southern Copper Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$3.3B	$1.6B	$3.0B	$1.9B
Depreciation, amortization and depletion	$451.7M	$225.7M	$637.7M	$430.0M
Equity earnings of affiliate, net of dividends received	($26.4M)	($16.2M)	($11.7M)	($8.9M)
Loss on foreign currency transaction effect	$9.8M	($17.6M)	$30.4M	$17.8M
Provision (benefit) for deferred income taxes	($18.7M)	($34.8M)	$32.8M	$53.2M
Other, net	$34.3M	$11.7M	$10.8M	$23.1M
Decrease (increase) in trade accounts receivable	($44.5M)	($65.1M)	($529.8M)	($368.1M)
(Increase) decrease in inventories	$46.8M	$97.4M	$15.2M	$40.2M
Increase (decrease) in accounts payable and accrued liabilities	($2.2M)	($109.9M)	($25.9M)	($394.9M)
Increase in other operating assets and liabilities	($24.3M)	$21.5M	$61.6M	($19.9M)
Net cash provided by operating activities	$3.7B	$1.7B	$3.3B	$1.7B
Capital expenditures	($864.7M)	($441.9M)	($902.7M)	($553.5M)
Proceeds from (purchase) sale of short-term investments, net	($1.1B)	$170.5M	($330.6M)	($430.1M)
Net cash used in investing activities	($1.9B)	($271.3M)	($1.2B)	($983.6M)
Proceeds from issuance of debt	$1.2B	—	$993.8M	$993.8M
Payments of debt issuance costs	($3.9M)	—	($6.4M)	($6.4M)
Cash dividends paid to common stockholders	($1.6B)	($819.2M)	($1.8B)	($1.1B)
Other, net	$100.0K	$100.0K	($9.1M)	($4.2M)
Net cash provided by (used in) financing activities	($401.6M)	($819.1M)	($1.3B)	($627.5M)
Effect of exchange rate changes on cash and cash equivalents	$3.9M	$6.7M	($57.3M)	($10.2M)
Increase (decrease) in cash and cash equivalents	$1.4B	$610.8M	$691.5M	$76.8M
Cash and cash equivalents, at beginning of period	$4.3B	$4.3B	$3.3B	$3.3B
Cash and cash equivalents, at end of period	$5.7B	$4.9B	$3.9B	$3.3B

Southern Copper Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.