Summary
Southern Copper Corporation (SCCO) filed an Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2021. This amendment primarily addresses the filing of exhibits (96.1 to 96.9) that exceeded the SEC's file size limitations for the original submission, rather than introducing new financial information or updates to the core disclosures. Investors should consider this amendment as supplementary to the original 10-K filing dated March 7, 2022. The company confirmed its status as a large accelerated filer and that management's assessment of internal control over financial reporting under SOX 404(b) has been filed. Southern Copper is not a shell company. The filing indicates that as of March 4, 2022, there were over 773 million shares of common stock outstanding, with a market value of approximately $5.5 billion held by non-affiliates as of June 30, 2021. Part III information, including executive compensation and governance details, will be incorporated by reference from the company's Proxy Statement for the 2022 Annual Meeting of Stockholders.
Financial Highlights
51 data points| Revenue | $10.93B |
| Cost of Revenue | $3.89B |
| Gross Profit | $7.04B |
| SG&A Expenses | $125.20M |
| Operating Expenses | $4.87B |
| Operating Income | $6.07B |
| Net Income | $3.40B |
| EPS (Basic) | $4.39 |
| EPS (Diluted) | $4.39 |
| Shares Outstanding (Basic) | 773.10M |
| Shares Outstanding (Diluted) | 773.10M |
Key Highlights
- 1Amendment addresses filing of oversized exhibits, not new financial data.
- 2Company is a large accelerated filer with management's SOX 404(b) internal control assessment filed.
- 3Southern Copper is not a shell company.
- 4Over 773 million shares outstanding as of March 4, 2022.
- 5Non-affiliate market value of common stock was approximately $5.5 billion as of June 30, 2021.
- 6Key Part III information to be incorporated by reference from the 2022 Proxy Statement.