STEEL DYNAMICS INC

10-K & 10-Q Filings

Steel Dynamics, Inc. is a leading domestic steel producer and metal recycler in the United States, with approximately 16 million tons of annual steel production capacity and 12,600 full-time team members. The company's business strategy is built on six core strategic pillars: Health & Safety, Entrepreneurial Culture, Customer Commitment, Strategic Sustainable Growth, Innovation, and Financial Strength. Steel Dynamics has a diversified product offering, including value-added steel and steel fabrication, and operates vertically connected businesses that contribute to higher through-cycle earnings and cash flow generation. The company is committed to sustainability and reducing its environmental footprint. Steel Dynamics' business segments include steelmaking, metals recycling, and steel fabrication. The company's website is www.steeldynamics.com, and its ticker symbol is STLD. The company's entrepreneurial culture is driven by extensive performance-based incentive compensation for team members, from the plant floor to senior leadership. The company's steelmaking operations use electric arc furnaces and recycled ferrous scrap as the primary raw material, which reduces greenhouse gas emissions and energy usage compared to traditional blast furnace steelmaking. Steel Dynamics is also constructing a new recycled aluminum flat rolled products mill in Columbus, Mississippi, to broaden its product portfolio and further reduce its environmental impact.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$7997.50
7290.23
7372.92
8755.95
7594.41
7777.11
9538.80
11821.84
10464.99
9601.48
18408.85
22260.77
18795.32
7.38%-15.57%Cost of Revenue (-)
$7065.98
6570.34
6653.78
7789.74
6862.69
6442.24
7956.78
9499.02
8934.01
8166.75
13046.43
16142.94
14749.43
6.32%-8.63%Gross Profit (+)
$931.52
719.90
719.14
966.21
731.72
1334.86
1582.01
2322.81
1530.98
1434.73
5362.42
6117.83
4045.88
13.02%-33.87%Selling, General & Administrative (-)
$306.74
284.93
272.78
316.21
327.63
374.01
394.63
416.64
436.50
477.45
643.98
545.62
588.62
5.58%7.88%Depreciation & Amortization (-)
$39.95
35.55
31.77
27.55
25.31
28.77
29.19
27.78
29.58
29.00
29.23
27.84
34.05
-1.32%22.31%Non-recurring Operating Expenses (-)
$
8.25
0.31
260.00
428.50
132.84
19.41
Operating Expenses (-)
$346.70
328.73
332.62
645.89
804.50
606.90
515.13
600.40
544.10
587.59
1061.32
1026.01
894.70
8.22%-12.80%Costs & Expenses (Total) (-)
$7412.68
6899.07
6986.40
8435.63
7667.20
7049.14
8471.92
10099.43
9478.11
8754.34
14107.74
17168.95
15644.14
6.42%-8.88%Operating Income/Loss (+)
$584.82
391.17
386.52
320.32
-72.78
727.97
1066.88
1722.41
986.88
847.14
4301.10
5091.82
3151.18
15.07%-38.11%Non-operating Income/Expense (+)
$-16.48
-28.51
-4.03
-18.25
-15.38
-17.80
2.75
23.98
15.56
-46.79
-34.83
20.79
144.25
593.99%Interest Expense (-)
$176.98
158.59
127.73
137.26
153.95
146.04
134.40
126.62
127.10
94.88
57.21
91.54
76.48
-6.75%-16.45%Earnings before Tax (+)
$424.32
204.07
262.83
164.80
-242.12
564.13
935.24
1619.77
875.34
705.48
4209.07
5021.07
3218.94
18.40%-35.89%Tax Expense (-)
$158.63
61.78
99.31
73.15
-96.95
204.13
129.44
363.97
197.44
134.65
962.26
1141.58
751.61
13.84%-34.16%Income/Loss (Continuing Operations) (+)
$265.69
142.28
163.52
91.65
-145.17
360.01
805.80
1255.80
677.90
570.83
3246.81
3879.49
2467.33
20.41%-36.40%Profit/Loss (+)
$265.69
142.28
163.52
91.65
-145.17
360.01
805.80
1255.81
677.90
570.83
3246.81
3879.49
2467.33
20.41%-36.40%Net Income/Loss (NCI) (-)
$12.43
21.27
25.80
-65.37
-14.86
-22.11
-6.95
-2.57
6.80
20.01
32.75
16.82
16.45
2.36%-2.19%Net Income/Loss (+)
$278.12
163.55
189.31
157.02
-130.31
382.12
812.74
1258.38
671.10
550.82
3214.07
3862.67
2450.88
19.88%-36.55%Net Income/Loss (Common) (+)
$278.12
163.55
189.31
157.02
-130.31
382.12
812.74
1258.38
671.10
550.82
3214.07
3862.67
2450.88
19.88%-36.55%EPS (Basic)
$1.27
0.75
0.86
0.68
-0.54
1.57
3.38
5.38
3.06
2.61
15.67
21.06
14.72
22.65%-30.10%EPS (Diluted)
$1.22
0.73
0.83
0.67
-0.54
1.56
3.36
5.35
3.04
2.59
15.56
20.92
14.64
23.01%-30.02%Weighted Avg Shares (Basic)
218.47
219.16
220.92
232.55
242.02
243.58
240.13
233.92
219.64
211.14
205.12
183.39
166.55
-2.24%-9.18%Weighted Avg Shares (Diluted)
235.99
236.62
239.00
242.08
242.02
245.30
241.78
235.19
220.75
212.34
206.62
184.62
167.43
-2.82%-9.31%Cash
$390.76
375.92
395.16
361.36
727.03
841.48
1028.65
828.22
1381.46
1368.62
1243.87
1628.42
1400.89
11.23%-13.97%Short-term Investments
$
228.78
262.17
628.22
721.21
14.80%Receivables
$722.79
642.36
720.60
902.83
613.61
729.78
868.84
1043.76
844.34
971.92
1916.43
2056.05
1608.31
6.89%-21.78%Inventory
$1199.58
1202.51
1314.75
1618.42
1149.39
1275.21
1519.35
1859.17
1689.04
1843.55
3531.13
3129.96
2894.63
7.62%-7.52%Other Assets (Current)
$142.12
75.44
43.13
91.16
47.91
83.20
91.51
72.73
76.01
74.36
209.59
195.37
162.79
1.14%-16.68%Assets (Current)
$2455.26
2296.22
2473.63
2973.76
2537.94
2929.68
3508.34
4032.66
4253.02
4258.45
6901.02
7638.02
6787.83
8.84%-11.13%Securities & Long-term Investments
$26.53
27.75
23.83
19.31
19.57
18.06
16.94
Property, Plant & Equipment (Net)
$2193.74
2231.20
2226.13
3123.91
2951.21
2787.22
2675.90
2945.77
3135.89
4105.57
4751.43
5373.66
6734.22
9.80%25.32%Goodwill & Intangibles
$1195.96
1155.18
1118.15
1115.83
676.43
677.33
643.80
699.97
780.82
781.80
749.18
769.57
735.23
-3.97%-4.46%Other Assets
$107.74
105.07
91.26
78.22
16.94
11.45
10.74
25.17
106.04
119.74
129.60
378.73
651.15
16.17%71.93%Assets (Non-current)
$3523.97
3519.19
3459.37
4337.26
3664.14
3494.06
3347.39
3670.91
4022.74
5007.12
5630.21
6521.97
8120.59
7.20%24.51%Assets (Total)
$5979.23
5815.42
5933.01
7311.03
6202.08
6423.73
6855.73
7703.56
8275.76
9265.56
12531.23
14159.98
14908.42
7.91%5.29%Accounts Payable
$611.08
564.90
623.31
782.86
511.98
696.11
824.04
980.89
913.69
1162.97
2116.47
1965.03
1872.31
9.78%-4.72%Debt (Current)
$444.08
29.63
341.54
46.46
16.68
3.63
28.80
24.23
89.36
86.89
97.17
57.33
459.99
0.29%702.29%Other Liabilities (Current)
$45.26
15.14
10.33
21.27
6.63
13.07
15.68
14.01
3.66
8.92
13.72
9.93
Liabilities (Current)
$1100.42
609.68
975.18
850.58
535.29
712.82
868.52
1019.14
1006.70
1258.79
2227.37
2032.30
2332.30
6.46%14.76%Debt (Non-current)
$1936.02
2172.61
1766.05
2977.71
2577.98
2353.19
2353.14
2352.49
2644.99
3015.78
3008.70
3013.24
2611.07
2.52%-13.35%Other Liabilities
$572.19
627.67
644.46
560.87
543.71
580.26
439.00
555.95
702.84
801.38
1186.41
1200.15
1296.74
7.06%8.05%Liabilities (Non-current)
$2508.22
2800.27
2410.51
3538.58
3121.68
2933.46
2792.14
2908.44
3347.83
3817.16
4195.11
4213.39
3907.81
3.76%-7.25%Liabilities (Total)
$3608.63
3409.95
3385.68
4389.16
3656.97
3646.27
3660.66
3927.57
4354.52
5075.95
6422.48
6245.68
6240.10
4.67%-0.09%Treasury Stock
$-722.65
-720.48
-718.53
398.90
396.45
416.83
665.30
1184.24
1525.11
1623.75
2674.27
4459.51
5897.61
32.25%Retained Earnings
$2011.80
2087.62
2179.51
2227.84
1965.29
2210.46
2874.69
3958.32
4419.30
4758.97
7761.42
11375.76
13545.59
17.22%19.07%AOCI
$
0.30
-0.01
1.90
-2.09
0.89
0.42
-52.64%Shareholder's Equity
$2315.94
2405.47
2547.32
2913.01
2545.11
2777.46
3195.07
3775.99
3921.24
4189.61
6108.76
7914.30
8668.32
11.63%9.53%Liabilities & Equity
$5979.23
5815.42
5933.01
7311.03
6202.08
6423.73
6855.73
7703.56
8275.76
9265.56
12531.23
14159.98
14908.42
7.91%5.29%Net Income/Loss
$265.69
142.28
163.52
91.65
-145.17
360.01
805.80
1255.81
677.90
570.83
3246.81
3879.49
2467.33
20.41%-36.40%Depreciation & Amortization
$222.61
225.22
230.93
263.32
294.60
296.11
299.00
317.20
321.08
325.79
347.65
384.20
437.80
5.80%13.95%Increase/Decrease in Working Capital
$-311.15
194.54
-215.21
-8.06
-527.51
42.36
279.56
261.43
-296.54
63.37
1766.81
-102.08
-517.10
-406.57%Share-based Compensation
$17.28
12.48
15.50
14.02
22.60
31.66
36.20
43.32
47.63
55.60
57.72
59.24
61.74
11.19%4.23%Adjustments to Reconcile Net Income
$220.66
303.41
148.66
525.92
1183.65
492.76
-66.19
159.66
718.39
416.20
-1042.68
580.91
1052.60
13.91%81.20%Net Cash (Operating)
$486.36
445.69
312.18
617.57
1038.48
852.77
739.61
1415.47
1396.29
987.03
2204.14
4460.40
3519.93
17.93%-21.08%Capital Expenditure
$-167.01
-223.53
-186.84
1781.23
159.50
321.51
171.13
673.39
549.05
1258.07
1006.24
1265.47
1657.90
31.01%Net Cash (Investing)
$-235.84
-191.60
-152.84
-1747.27
-149.63
-312.89
-139.10
-895.26
-576.69
-993.26
-999.42
-1879.27
-1970.25
-4.84%Increase/Decrease in Debt
$17.84
2308.81
941.94
1186.52
-404.60
-255.09
10.13
-9.88
309.81
345.83
-5.45
-42.22
-1.89
95.53%Increase/Decrease in Equity
$6.43
-10.24
43.70
10.09
10.17
-15.47
-252.24
-523.57
-348.61
-106.53
-1060.63
-1800.90
-1452.20
19.36%Interest Expenses
$
150.68
135.38
124.03
134.55
111.59
103.37
100.99
103.17
2.15%Dividends Paid
$-81.88
-87.63
-94.81
105.38
127.57
135.77
145.56
168.91
200.27
209.25
212.97
237.16
271.32
14.40%Net Cash (Financing)
$-46.27
-268.94
-140.09
1095.90
-523.19
-425.43
-413.33
-720.87
-266.63
-7.05
-1329.47
-2196.58
-1777.13
19.10%Cash Taxes Paid
$
159.95
296.49
288.43
155.53
50.42
737.16
1063.84
642.67
-39.59%Increase/Decrease in Cash
$204.25
-14.84
19.24
-33.79
365.67
114.45
187.17
-200.66
552.97
-13.28
-124.75
384.55
-227.46
-159.15%Cash (Beginning)
$186.51
390.76
375.92
395.16
361.36
727.03
841.48
1035.09
834.42
1387.40
1374.12
1249.37
1633.92
19.82%30.78%Cash (Ending)
$390.76
375.92
395.16
361.36
727.03
841.48
1028.65
834.42
1387.40
1374.12
1249.37
1633.92
1406.46
11.26%-13.92%NOPAT
$366.19
272.73
240.47
178.14
-101.93
521.56
728.65
1415.70
811.54
786.60
3547.83
4012.99
2522.04
17.45%-37.15%Gross Margin %
11.65%
9.87%
9.75%
11.03%
9.63%
17.16%
16.59%
19.65%
14.63%
14.94%
29.13%
27.48%
21.53%
Operating Margin %
7.31%
5.37%
5.24%
3.66%
-0.96%
9.36%
11.18%
14.57%
9.43%
8.82%
23.36%
22.87%
16.77%
NOPAT Margin %
4.58%
3.74%
3.26%
2.03%
-1.34%
6.71%
7.64%
11.98%
7.75%
8.19%
19.27%
18.03%
13.42%
Net Margin %
3.48%
2.24%
2.57%
1.79%
-1.72%
4.91%
8.52%
10.64%
6.41%
5.74%
17.46%
17.35%
13.04%
Tax Rate %
37.38%
30.28%
37.79%
44.39%
-40.04%
28.35%
31.70%
17.81%
17.77%
7.15%
17.51%
21.19%
19.97%
ROA
6.12%
4.69%
4.05%
2.44%
-1.64%
8.12%
10.63%
18.38%
9.81%
8.49%
28.31%
28.34%
16.92%
ROE
15.81%
11.34%
9.44%
6.12%
-4.00%
18.78%
22.81%
37.49%
20.70%
18.78%
58.08%
50.71%
29.09%
ROIC
7.22%
5.42%
4.67%
2.81%
-1.82%
9.41%
12.50%
22.16%
12.33%
10.49%
35.24%
36.52%
21.93%
Asset Turnover
1.34
1.25
1.24
1.20
1.22
1.21
1.39
1.53
1.26
1.04
1.47
1.57
1.26
Inventory Turnover
5.89
5.46
5.06
4.81
5.97
5.05
5.24
5.11
5.29
4.43
3.69
5.16
5.10
Equity Multiplier
2.58
2.42
2.33
2.51
2.44
2.31
2.15
2.04
2.11
2.21
2.05
1.79
1.72
Current Ratio
2.23
3.77
2.54
3.50
4.74
4.11
4.04
3.96
4.22
3.38
3.10
3.76
2.91
Quick Ratio
1.01
1.67
1.14
1.49
2.50
2.20
2.18
2.06
2.47
1.86
1.42
2.12
1.60
Debt/Equity Ratio
1.03
0.92
0.83
1.04
1.02
0.85
0.75
0.63
0.70
0.74
0.51
0.39
0.35
Interest Coverage Ratio
4.83
7.88
13.89
7.33
7.59
41.61
50.42
30.55
Working Capital/Sales
0.21
0.23
0.24
0.24
0.26
0.27
0.26
0.23
0.25
0.27
0.25
0.22
0.21
Dividend Payout Ratio %
-22.36%
-32.13%
-39.43%
59.16%
125.16%
26.03%
19.98%
11.93%
24.68%
26.60%
6.00%
5.91%
10.76%
Total Payout
$-106.15
-2386.20
-1080.46
-1091.23
522.00
557.01
523.06
826.40
373.62
81.54
1382.42
2181.28
1828.57
-16.17%Payout Ratio %
-28.99%
-874.93%
-449.31%
-612.58%
512.13%
106.80%
71.78%
58.37%
46.04%
10.37%
38.97%
54.36%
72.50%