What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Southern Copper (SCCO) spend its free cash flow?

For TTM through Q2 2026, Southern Copper generated $6.74B of operating cash flow and $5.97B of free cash flow — a free cash flow margin of 88.5% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Southern Copper (SCCO) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Southern Copper's shareholder returns for TTM through Q2 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Southern Copper (SCCO) Cash Flow Waterfall

Operating CF

$6.74B

Capex

-$772M

Free Cash Flow

$5.97B

FCF Margin

+88.5%

Cash flow waterfall for Southern Copper (SCCO) — TTM through Q2 2026

Free cash flow: $5.97B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Southern Copper (SCCO) — TTM through Q2 2026

Line item	Amount	Running total
Operating Cash Flow	$6.74B	$6.74B
Capital Expenditure	-$772M	$5.97B
Free Cash Flow	$5.97B	$5.97B
Other Investing	-$1.85B	$4.11B
Dividends Paid	-$3.02B	$1.09B
Other Financing & FX	$1.24B	$2.33B
Net Cash Increase	$2.33B	$2.33B

Operating Cash Flow$6.74B
Capital Expenditure-$772M
Free Cash Flow$5.97B
Other Investing-$1.85B
Dividends Paid-$3.02B
Other Financing & FX$1.24B
Net Cash Increase$2.33B

Want to see what drove the FCF change?Free Cash Flow Bridge

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