Attached files
file | filename |
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EX-32.2 - EX-32.2 - SOUTHERN COPPER CORP/ | a2234122zex-32_2.htm |
EX-32.1 - EX-32.1 - SOUTHERN COPPER CORP/ | a2234122zex-32_1.htm |
EX-31.2 - EX-31.2 - SOUTHERN COPPER CORP/ | a2234122zex-31_2.htm |
EX-31.1 - EX-31.1 - SOUTHERN COPPER CORP/ | a2234122zex-31_1.htm |
EX-23.1 - EX-23.1 - SOUTHERN COPPER CORP/ | a2234122zex-23_1.htm |
EX-21.1 - EX-21.1 - SOUTHERN COPPER CORP/ | a2234122zex-21_1.htm |
10-K - 10-K - SOUTHERN COPPER CORP/ | a2234122z10-k.htm |
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SOUTHERN COPPER CORPORATION
COMPUTATION OF FINANCIAL RATIOS
(In millions except ratios)
EARNINGS TO FIXED CHARGES
|
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings: |
||||||||||||||||
Earnings before tax |
$ | 2,302.7 | $ | 1,256.0 | $ | 1,189.2 | $ | 2,068.6 | $ | 2,372.6 | ||||||
Equity earnings from affiliate |
23.1 | 23.9 | 16.8 | 23.9 | 20.9 | |||||||||||
Capitalized interest |
(51.4 | ) | (69.6 | ) | (123.2 | ) | (126.7 | ) | (68.9 | ) | ||||||
| | | | | | | | | | | | | | | | |
Total earnings |
2,274.4 | 1,210.3 | 1,082.8 | 1,965.8 | 2,324.6 | |||||||||||
Fixed charges: |
||||||||||||||||
Interest expense |
357.4 | 360.3 | 334.0 | 265.3 | 265.5 | |||||||||||
(Gain) loss on debt prepayment |
| | | | | |||||||||||
| | | | | | | | | | | | | | | | |
Total fixed charges |
357.4 | 360.3 | 334.0 | 265.3 | 265.5 | |||||||||||
Earning plus fixed charges |
$ | 2,631.8 | $ | 1,570.6 | $ | 1,416.8 | $ | 2,231.1 | $ | 2,590.1 | ||||||
Earnings to fixed charges |
7.4 | 4.4 | 4.2 | 8.4 | 9.8 |
NET DEBT TO NET CAPITALIZATION
|
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total debt |
$ | 5,957.1 | $ | 5,954.2 | $ | 5,951.5 | $ | 4,180.9 | $ | 4,178.9 | ||||||
Cash and cash equivalents |
(1,004.8 | ) | (546.0 | ) | (274.5 | ) | (364.0 | ) | (1,672.7 | ) | ||||||
Short-term investments |
(50.5 | ) | (51.3 | ) | (603.5 | ) | (338.6 | ) | (208.3 | ) | ||||||
| | | | | | | | | | | | | | | | |
Net debt |
4,901.8 | 5,356.8 | 5,073.5 | 3,478.3 | 2,297.9 | |||||||||||
Net capitalization |
||||||||||||||||
Net debt |
4,901.8 | 5,356.8 | 5,073.5 | 3,478.3 | 2,297.9 | |||||||||||
Equity |
6,149.4 | 5,870.9 | 5,299.2 | 5,836.6 | 5,561.8 | |||||||||||
| | | | | | | | | | | | | | | | |
Net capitalization |
11,051.2 | 11,227.7 | $ | 10,372.7 | $ | 9,653.5 | $ | 8,068.0 | ||||||||
Net debt/net capitalization(*) |
44.4 | % | 47.7 | % | 48.9 | % | 37.3 | % | 29.2 | % |
- (*)
- Represents net debt divided by net capitalization
SOUTHERN COPPER CORPORATION COMPUTATION OF FINANCIAL RATIOS (In millions except ratios)