CHEMICAL & MINING CO OF CHILE INC Files 20-F for Fiscal Year Ended December 31, 2023

TL;DR

<b>CHEMICAL & MINING CO OF CHILE INC filed its 20-F annual report for the fiscal year ending December 31, 2023.</b>

AI Summary

CHEMICAL & MINING CO OF CHILE INC (SQM) filed a Foreign Annual Report (20-F) with the SEC on April 30, 2024. The filing is a 20-F annual report for CHEMICAL & MINING CO OF CHILE INC for the fiscal year ended December 31, 2023. The company's standard industrial classification is 'MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]'. The company is incorporated in F3 and its fiscal year ends on December 31. The filing was submitted on April 30, 2024, and is as of April 30, 2024. Key financial data points such as issued capital, retained earnings, and accumulated other comprehensive income are reported for the fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking CHEMICAL & MINING CO OF CHILE INC, this filing contains several important signals. This 20-F filing provides a comprehensive overview of the company's financial performance and operations for the fiscal year 2023, which is crucial for investors to assess its current standing and future prospects. The detailed financial information, including equity components and reserves, allows stakeholders to understand the company's capital structure and profitability trends over the past three fiscal years.

Risk Assessment

Risk Level: low — CHEMICAL & MINING CO OF CHILE INC shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate, high-impact news or significant deviations from typical reporting, indicating a low level of immediate risk.

Analyst Insight

Investors should review the detailed financial statements and disclosures within the 20-F to understand the company's performance and strategic positioning for the upcoming year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-30 — Filing Date (Date of submission)
• 2023 — Fiscal Year (Reported fiscal year)
• 2022 — Previous Fiscal Year (Comparative data year)
• 2021 — Prior Fiscal Year (Comparative data year)

Key Players & Entities

• CHEMICAL & MINING CO OF CHILE INC (company) — Filer name
• 20-F (document) — Form type
• 20240430 (date) — Filing date
• 20231231 (date) — Fiscal year end
• 0000909037 (company) — Central Index Key
• SANTIAGO CHILE (location) — Business address city and country

FAQ

Industry Context

The company operates in the mining and quarrying of nonmetallic minerals sector, a key industry for raw material extraction.

Regulatory Implications

As a foreign private issuer, the company files a Form 20-F, which is an annual report required by the SEC for companies not registered in the U.S.

What Investors Should Do

1. Review the full 20-F filing for detailed financial statements and management discussion.
2. Analyze the company's equity structure and reserve movements for the past three fiscal years.
3. Compare the reported fiscal year 2023 data with previous years to identify trends.

Year-Over-Year Comparison

This filing represents the annual 20-F report for the fiscal year ending December 31, 2023, providing updated financial information compared to previous filings.

Key Financial Figures

• $41.94 — r 31, 2023, UF 1.00 was equivalent to US$41.94 and Ch$36,789.36 according to the Chile
• $36,789.36 — F 1.00 was equivalent to US$41.94 and Ch$36,789.36 according to the Chilean Central Bank (
• $38.01 — ch 1, 2024, UF 1.00 was equivalent to US$38.01 and Ch$36,865.37. The Republic of Chil
• $36,865.37 — F 1.00 was equivalent to US$38.01 and Ch$36,865.37. The Republic of Chile is governed by

Filing Documents

• sqm-20231231.htm (20-F) — 12157KB
• sqm-20231231x20fexhibit21.htm (EX-2.1) — 88KB
• sqm-20231231x20fexhibit81.htm (EX-8.1) — 7KB
• sqm-20231231x20fexhibit121.htm (EX-12.1) — 9KB
• sqm-20231231x20fexhibit122.htm (EX-12.2) — 9KB
• sqm-20231231x20fexhibit131.htm (EX-13.1) — 5KB
• sqm-20231231x20fexhibit132.htm (EX-13.2) — 5KB
• sqm-20231231x20fexhibit97.htm (EX-97) — 44KB
• sqm-20231231_g1.jpg (GRAPHIC) — 580KB
• sqm-20231231_g2.jpg (GRAPHIC) — 279KB
• 0000909037-24-000033.txt (&nbsp;) — 60296KB
• sqm-20231231.xsd (EX-101.SCH) — 349KB
• sqm-20231231_cal.xml (EX-101.CAL) — 213KB
• sqm-20231231_def.xml (EX-101.DEF) — 1343KB
• sqm-20231231_lab.xml (EX-101.LAB) — 2223KB
• sqm-20231231_pre.xml (EX-101.PRE) — 1793KB
• sqm-20231231_htm.xml (XML) — 17053KB

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 126 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 126 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 128 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 128 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 128 ITEM 16. [RESERVED] 129 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 129 ITEM 16B. CODE OF ETHICS 129 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 129 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 130 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 130 ITEM 16F. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT 130 ITEM 16G. CORPORATE GOVERNANCE 130 ITEM 16H. MINE SAFETY AND DISCLOSURE 130 ITEM 16I . DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 130 ITEM 16J . INSIDER TRADING POLICIES 130

K

ITEM 16 K . CYBERSECURITY 130 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 133 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 133 ITEM 19. EXHIBITS 133

SIGNATURES

SIGNATURES 136 CONSOLIDATED FINANCIAL STATEMENTS F- 1 ii Table of Contents PRESENTATION OF INFORMATION In this Annual Report on Form 20-F, for the year ended December 31, 2023 (this "Form 20-F"), except as otherwise provided or unless the context requires otherwise, all references to " we ," " us ," " Company " or " SQM " are to Sociedad Qumica y Minera de Chile S.A., an open stock corporation ( sociedad annima abierta ) organized under the laws of the Republic of Chile, and its consolidated subsidiaries. All references to " US$ ," " U.S. dollars, " " USD " and " dollars " are to United States dollars, references to " pesos, " " CLP " and " Ch$ " are to Chilean pesos, references to ThUS$ are to thousands of United States dollars, references to ThCh$ are to thousands of Chilean pesos and references to " UF " are to Unidades de Fomento . The UF is an inflation-indexed, peso-denominated unit that is linked to, and adjusted daily to reflect changes in, the previous month's Chilean consumer price index. As of December 31, 2023, UF 1.00 was equivalent to US$41.94 and Ch$36,789.36 according to the Chilean Central Bank ( Banco Central de Chile ). As of March 1, 2024, UF 1.00 was equivalent to US$38.01 and Ch$36,865.37. The Republic of Chile is governed by a democratic government, organized in fifteen regions plus the Metropolitan Region (surrounding and including Santiago, the capital of Chile). Our production operations are concentrated in northern Chile, specifically in the Tarapac Region and in the Antofagasta Region. We use the metric system of weights and measures in calculating our operating and other data. The United States equivalent units of the most common metric units used by us are as shown below: 1 kilometer equals approximately 0.6214 miles 1 meter equals approximately 3.2808 feet 1 centimeter equals approximately 0.3937 inches 1 hectare equals approximately 2.4710 acres 1 metric ton ("MT" or "metric ton") equals 1,000 kilograms or approxima

View Full Filing

View this 20-F filing on SEC EDGAR