Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - SOUTHERN COPPER CORP/ | a2231031zex-32_2.htm |
| EX-32.1 - EX-32.1 - SOUTHERN COPPER CORP/ | a2231031zex-32_1.htm |
| EX-31.2 - EX-31.2 - SOUTHERN COPPER CORP/ | a2231031zex-31_2.htm |
| EX-31.1 - EX-31.1 - SOUTHERN COPPER CORP/ | a2231031zex-31_1.htm |
| EX-23.1 - EX-23.1 - SOUTHERN COPPER CORP/ | a2231031zex-23_1.htm |
| EX-21.1 - EX-21.1 - SOUTHERN COPPER CORP/ | a2231031zex-21_1.htm |
| 10-K - 10-K - SOUTHERN COPPER CORP/ | a2231031z10-k.htm |
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SOUTHERN COPPER CORPORATION
COMPUTATION OF FINANCIAL RATIOS
(In millions except ratios)
EARNINGS TO FIXED CHARGES
|
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings: |
||||||||||||||||
Earnings before tax |
$ | 1,256.0 | $ | 1,189.2 | $ | 2,068.6 | $ | 2,372.6 | $ | 2,973.5 | ||||||
Equity earnings from affiliate |
23.9 | 16.8 | 23.9 | 20.9 | 48.7 | |||||||||||
Capitalized interest |
(69.6 | ) | (123.2 | ) | (126.7 | ) | (68.9 | ) | (29.3 | ) | ||||||
| | | | | | | | | | | | | | | | | |
Total earnings |
1,210.3 | 1,082.8 | 1,965.8 | 2,324.6 | 2,992.9 | |||||||||||
Fixed charges: |
||||||||||||||||
Interest expense |
360.3 | 334.0 | 265.3 | 265.5 | 201.8 | |||||||||||
(Gain) loss on debt prepayment |
— | — | — | — | — | |||||||||||
| | | | | | | | | | | | | | | | | |
Total fixed charges |
360.3 | 334.0 | 265.3 | 265.5 | 201.8 | |||||||||||
Earning plus fixed charges |
$ |
1,570.6 |
$ |
1,416.8 |
$ |
2,231.1 |
$ |
2,590.1 |
$ |
3,194.7 |
||||||
Earnings to fixed charges |
4.4 |
4.2 |
8.4 |
9.8 |
15.8 |
|||||||||||
NET DEBT TO NET CAPITALIZATION
|
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total debt |
$ | 5,954.2 | $ | 5,951.5 | $ | 4,180.9 | $ | 4,178.9 | $ | 4,188.0 | ||||||
Cash and cash equivalents |
(546.0 | ) | (274.5 | ) | (364.0 | ) | (1,672.7 | ) | (2,459.5 | ) | ||||||
Short-term investments |
(51.3 | ) | (603.5 | ) | (338.6 | ) | (208.3 | ) | (134.3 | ) | ||||||
| | | | | | | | | | | | | | | | | |
Net debt |
5,356.8 | 5,073.5 | 3,478.3 | 2,297.9 | 1,594.2 | |||||||||||
Net capitalization |
||||||||||||||||
Net debt |
5,356.8 | 5,073.5 | 3,478.3 | 2,297.9 | 1,594.2 | |||||||||||
Equity |
5,870.9 | 5,299.2 | 5,836.6 | 5,561.8 | 4,789.1 | |||||||||||
| | | | | | | | | | | | | | | | | |
Net capitalization |
11,227.7 | $ | 10,372.7 | $ | 9,653.5 | $ | 8,068.0 | $ | 6,517.6 | |||||||
Net debt/net capitalization(*) |
47.7 |
% |
48.9 |
% |
37.3 |
% |
29.2 |
% |
25.0 |
% |
||||||
- (*)
- Represents net debt divided by net capitalization
SOUTHERN COPPER CORPORATION COMPUTATION OF FINANCIAL RATIOS (In millions except ratios)