v3.25.3

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
Net sales (including sales to related parties, see note 5)	$ 3,377.3	$ 2,930.9	$ 9,550.2	$ 8,649.0
Operating cost and expenses:
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below)	1,356.8	1,223.1	3,887.7	3,629.6
Selling, general and administrative	33.7	31.2	97.9	96.0
Depreciation, amortization and depletion	207.8	213.1	637.7	631.7
Exploration	10.2	13.2	35.6	44.4
Total operating costs and expenses	1,608.5	1,480.6	4,658.9	4,401.7
Operating income	1,768.8	1,450.3	4,891.3	4,247.3
Interest expense	(104.3)	(94.1)	(312.3)	(282.3)
Capitalized interest	13.0	11.0	35.0	35.5
Interest income	47.9	38.3	149.7	92.1
Other income (expense)	(1.1)	21.2	(17.2)	20.3
Income before income taxes	1,724.1	1,426.7	4,746.6	4,112.9
Income taxes (including royalty taxes, see Note 4)	619.7	526.4	1,728.4	1,528.6
Net income before equity earnings of affiliate	1,104.5	900.3	3,018.2	2,584.3
Equity earnings (loss) of affiliate, net of income tax	6.4	(0.5)	18.5	8.1
Net income	1,110.9	899.8	3,036.7	2,592.4
Less: Net income attributable to the non-controlling interest	3.3	3.1	9.7	9.5
Net income attributable to SCC	$ 1,107.6	$ 896.7	$ 3,027.0	$ 2,582.9
Per common share amounts attributable to SCC:
Net earnings-basic	$ 1.35	$ 1.12	$ 3.71	$ 3.25
Net earnings-diluted	$ 1.35	$ 1.12	$ 3.71	$ 3.25
Weighted average shares outstanding-basic	822.7	798.6	815.8	793.6
Weighted average shares outstanding-diluted	822.7	798.6	815.8	793.6

Amount of current and royalty income tax expense (benefit) pertaining to income (loss) from continuing operations.

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SOUTHERN COPPER CORP/ 10-Q