Southern Copper Corporation (SCCO) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 1.69B | 1.49B | 1.56B | 976.8M | 721.4M | 1.36B | 1.44B | 962.1M | 659.7M | 541M | 1.05B | 797.1M | 1.19B | 1.08B | 590.1M | 309.9M | 820.7M | 1.23B | 1.22B | 1.06B |
| Operating CF Margin % | 39.86% | 38.61% | 46.18% | 32.02% | 23.11% | 48.86% | 49.11% | 30.85% | 25.37% | 23.57% | 41.9% | 34.65% | 42.42% | 38.36% | 27.36% | 13.43% | 29.69% | 43.48% | 45.53% | 36.64% |
| Operating CF Growth % | 134.89% | 9.83% | 8.35% | 1.53% | 9.35% | 151.48% | 37.11% | 20.7% | -44.34% | -50% | 77.9% | 157.21% | 44.41% | -11.88% | -51.65% | -70.81% | 4.87% | 12.07% | 53.82% | 153.16% |
| Net Income | 1.58B | 1.31B | 1.11B | 976.7M | 949.1M | 796.2M | 896.7M | 950.2M | 736M | 445M | 622M | 549.6M | 815.9M | 902.4M | 520.9M | 434.2M | 787.8M | 836.4M | 871.2M | 936.4M |
| Depreciation & Amortization | 225.7M | 230.7M | 207.8M | 206.2M | 223.8M | 214.2M | 213.1M | 209.6M | 209M | 208.2M | 212.5M | 209.2M | 203.7M | 198.7M | 192M | 209M | 196.6M | 206.6M | 203.4M | 195.4M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | -300K | 100K | 400K | 700K | 200K | 100K | 200K | 0 | 400K | 200K | 400K | 600K | 0 | 0 |
| Deferred Taxes | -34.8M | -66.7M | -20.4M | 25M | 28.2M | -49.8M | -25.6M | 4.1M | 19.1M | -15.8M | -49.6M | 24.7M | -18.4M | 34.1M | 52.6M | -11.8M | 43.7M | -26.2M | -103.3M | 42.1M |
| Other Non-Cash Items | -22.2M | 52.6M | -2.4M | 6.7M | 25.3M | -21.6M | 25.3M | 300K | 6M | 19.3M | -300K | 15.8M | 20M | 5.3M | 8M | 4.6M | 64M | 50.2M | -28.7M | 5.2M |
| Working Capital Changes | -56.1M | -33.8M | 263.7M | -237.8M | -505M | 421.5M | 330.2M | -202.2M | -310.8M | -116.4M | 265M | -2.3M | 163.6M | -58.6M | -183.8M | -326.3M | -271.4M | 160.7M | 278M | -118.8M |
| Change in Receivables | -65.1M | -231.8M | -161.7M | -9.6M | -358.6M | 340.6M | 92.1M | -328.4M | -152.8M | -10.1M | -63.1M | 194.7M | 131.5M | -328.3M | -1.2M | 121.2M | 172.9M | 134.7M | -57.7M | -203.4M |
| Change in Inventory | 97.4M | 6.9M | -25M | -45.1M | 85.3M | -60.6M | 29.4M | -16.7M | -8.2M | -73.6M | -2.4M | -14M | 29.6M | 50.2M | 30.9M | -47.3M | -41.5M | 13M | -9.5M | -37.1M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 357M | 22.5M | -145.6M | 151.8M | 98.3M | 226.5M | -185.5M | 12.7M | 50.6M | -24.9M | -218.7M | -525M | 148.7M | 332.3M | 78.5M |
| Cash from Investing | -271.3M | -451.3M | -249.7M | -692.9M | -290.7M | -161.8M | -236M | -331.7M | 56.2M | -607M | -509M | -112.1M | -170.4M | -495.8M | 14.4M | -60.6M | -124.9M | -60.8M | -314.2M | -360.1M |
| Capital Expenditures | -441.9M | -422.6M | -349.2M | -235.7M | -317.8M | -235.3M | -246.4M | -331.8M | -213.8M | -255.4M | -262.7M | -252.5M | -238.1M | -290.9M | -227.9M | -224.6M | -205.2M | -196.7M | -243.1M | -219.8M |
| CapEx % of Revenue | 10.39% | 10.92% | 10.34% | 7.73% | 10.18% | 8.45% | 8.41% | 10.64% | 8.22% | 11.13% | 10.48% | 10.97% | 8.52% | 10.31% | 10.57% | 9.74% | 7.42% | 6.97% | 9.07% | 7.59% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 262.7M | 0 | -135.4M | 0 | -484.7M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 170.6M | -28.7M | 99.5M | -457.2M | 27.1M | 73.5M | 10.4M | 100K | -270.1M | 600K | -15.4M | 100K | 67.7M | -204.9M | 242.3M | -163.7M | -80.5M | -1.58B | 9.9M | -10.4M |
| Cash from Financing | -819.1M | -731.5M | -648.2M | -1.06B | 432.9M | -554M | -471M | 0 | -620.1M | -775.5M | -775.1M | -775.8M | -774.7M | -687.7M | -580.1M | -968.4M | -774.8M | -775.2M | -697.4M | -542.5M |
| Debt Issued (Net) | 0 | 0 | 0 | -500M | 993.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -819.2M | -731.1M | -643.3M | -557.4M | -553.3M | -549.9M | -468.8M | 0 | -618.5M | -773.1M | -773.1M | -773.1M | -773.1M | -386.5M | -579.8M | -966.4M | -773.1M | -773.1M | -695.8M | -541.1M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 100K | -400K | -4.9M | -3M | -7.6M | -4.1M | -2.2M | 0 | -1.6M | -2.4M | -2M | -2.7M | -1.6M | -301.2M | -300K | -2M | -1.7M | -2.1M | -1.6M | -1.4M |
| Net Change in Cash | 610.8M | 355M | 614.7M | -781.4M | 858.2M | 603.3M | 779.5M | 623.1M | 100.7M | -815.6M | -231.9M | -100.8M | 230.1M | -114.8M | 71.4M | -734.1M | -154.8M | 418.3M | 189.4M | 127M |
| Free Cash Flow | 1.25B | 1.07B | 1.21B | 741.1M | 403.6M | 1.13B | 1.19B | 630.3M | 445.9M | 285.6M | 787.1M | 544.6M | 947.1M | 791M | 362.2M | 85.3M | 615.5M | 1.03B | 977.5M | 841.7M |
| FCF Margin % | 29.46% | 27.69% | 35.84% | 24.29% | 12.93% | 40.41% | 40.7% | 20.21% | 17.15% | 12.44% | 31.41% | 23.67% | 33.9% | 28.05% | 16.79% | 3.7% | 22.27% | 36.51% | 36.46% | 29.05% |
| FCF Growth % | 210.36% | -4.75% | 1.46% | 17.58% | -9.49% | 293.98% | 51.57% | 15.74% | -52.92% | -63.89% | 117.31% | 538.45% | 53.87% | -23.28% | -62.95% | -89.87% | 11.91% | 21% | 48.33% | 175.07% |
| FCF per Share | 1.52 | 1.28 | 1.47 | 0.92 | 0.51 | 1.43 | 1.53 | 0.81 | 0.58 | 0.37 | 1.02 | 0.70 | 1.23 | 1.01 | 0.47 | 0.11 | 0.80 | 1.33 | 1.26 | 1.09 |
| FCF Conversion (FCF/Net Income) | 1.07x | 1.14x | 1.41x | 1.00x | 0.76x | 1.71x | 1.61x | 1.01x | 0.90x | 1.22x | 1.69x | 1.46x | 1.46x | 1.20x | 1.14x | 0.72x | 1.05x | 1.47x | 1.41x | 1.14x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |