NUCOR CORP

10-K & 10-Q Filings

Nucor Corporation is a Delaware corporation incorporated in 1958 that manufactures steel and steel products. The company is North America's largest recycler, using scrap steel as the primary raw material in producing steel and steel products. Nucor reports its results in three segments: steel mills, steel products, and raw materials. The company's steel mills segment produces sheet steel, plate steel, structural steel, and bar steel. The steel products segment produces steel joists and joist girders, steel deck, galvanized torque tubes, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures. The raw materials segment produces DRI, brokers ferrous and nonferrous metals, pig iron, HBI, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal. Nucor's website is www.nucor.com and its ticker symbol is NUE. The company's business strategy includes growing the core, expanding beyond, and living its culture. Nucor has invested significantly in recent years to expand its product portfolio, improve its cost structure, enhance operational flexibility, and increase exposure to markets with attractive growth prospects. The company has also made strategic acquisitions in the steel products segment to further its Expand Beyond strategy.

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 (+)
$20023.56
19429.27
19052.05
21105.14
16439.28
16208.12
20252.39
25067.28
22588.86
20139.66
36483.94
41512.47
34713.50
4.69%-16.38%Cost of Revenue (-)
$18074.97
17915.74
17641.42
19198.62
14858.01
14182.22
17682.99
20771.87
19909.77
17911.71
25458.53
29009.19
26899.11
3.37%-7.27%Gross Profit (+)
$1948.60
1513.54
1410.63
1906.53
1581.26
2025.91
2569.41
4295.41
2679.08
2227.95
11025.41
12503.28
7814.39
12.27%-37.50%Selling, General & Administrative (-)
$520.65
454.90
481.90
546.20
458.99
596.76
687.53
860.72
711.25
615.04
1706.61
1997.18
1584.05
9.72%-20.69%Non-recurring Operating Expenses (-)
$
30.00
110.00
66.92
Operating Expenses (-)
$520.65
484.90
481.90
546.20
458.99
596.76
687.53
970.72
778.16
615.04
1706.61
1997.18
1584.05
9.72%-20.69%Costs & Expenses (Total) (-)
$18771.75
18576.33
18260.92
19900.56
15317.00
14909.46
18502.44
21837.89
20806.05
18526.75
27283.08
31267.62
28440.74
3.52%-9.04%Operating Income/Loss (+)
$1251.81
852.94
791.12
1204.58
709.24
1298.66
1749.96
3229.39
1782.81
835.54
9200.86
10244.84
6272.76
14.37%-38.77%Non-operating Income/Expense (+)
$-10.04
-13.32
9.30
13.51
5.33
38.76
41.66
40.24
3.31
-10.53
103.07
10.71
12.78
19.31%Interest Expense (-)
$166.09
162.38
146.90
169.26
173.53
169.24
173.58
135.53
121.42
153.20
158.85
170.22
-29.63
-117.41%Earnings before Tax (+)
$1251.81
852.94
791.12
1204.58
709.24
1298.66
1749.96
3229.39
1782.81
835.54
9200.86
10244.84
6272.76
14.37%-38.77%Tax Expense (-)
$390.83
259.81
205.59
388.79
213.15
398.24
369.39
748.31
411.90
-0.49
2078.49
2165.20
1359.97
10.95%-37.19%Income/Loss (Continuing Operations) (+)
$860.98
593.13
585.53
815.79
496.08
900.42
1380.57
2481.08
1370.91
836.03
7122.37
8079.64
4912.79
15.62%-39.20%Profit/Loss (+)
$860.98
593.13
585.53
815.79
496.08
900.42
1380.57
2481.08
1370.91
836.03
7122.37
8079.64
4912.79
15.62%-39.20%Net Income/Loss (NCI) (-)
$82.80
88.51
97.50
101.84
138.43
104.14
61.88
120.32
99.77
114.56
294.91
472.30
387.99
13.74%-17.85%Net Income/Loss (+)
$778.19
504.62
488.02
713.95
357.66
796.27
1318.69
2360.77
1271.14
721.47
6827.46
7607.34
4524.80
15.80%-40.52%Net Income/Loss (Common) (+)
$778.19
504.62
488.02
713.95
357.66
796.27
1318.69
2360.77
1271.14
721.47
6827.46
7607.34
4524.80
15.80%-40.52%EPS (Basic)
$2.45
1.58
1.52
2.22
1.11
2.48
4.11
7.44
4.14
2.37
23.23
28.88
18.05
18.11%-37.50%EPS (Diluted)
$2.45
1.58
1.52
2.22
1.11
2.48
4.10
7.42
4.14
2.36
23.16
28.79
18.00
18.08%-37.48%Weighted Avg Shares (Basic)
317.68
318.37
319.05
317.94
318.85
317.94
305.38
301.00
298.05
269.12
251.93
240.75
-4.44%Cash
$1200.64
1052.86
1483.25
1024.14
1939.47
2045.96
949.10
1398.89
1534.61
2639.67
2364.86
4280.85
6383.30
14.94%49.11%Short-term Investments
$1362.64
104.17
28.19
100.00
100.00
150.00
50.00
300.04
408.00
253.00
576.95
747.48
-4.88%29.56%Receivables
$1710.77
1707.32
1810.99
2068.30
1383.82
1631.68
2028.55
2505.57
2160.10
2298.85
3853.97
3591.03
2953.31
4.65%-17.76%Inventory
$1987.26
2323.64
2605.61
2745.03
2145.44
2479.96
3461.69
4553.50
3842.09
3569.09
6011.18
5453.53
5577.76
8.98%2.28%Other Assets (Current)
$446.76
473.38
482.01
504.41
185.64
198.80
335.08
178.31
389.53
573.05
316.54
789.33
724.01
4.11%-8.27%Assets (Current)
$6708.08
5661.36
6410.05
6441.89
5754.38
6506.39
6824.42
8636.26
8226.37
9488.66
12799.56
14691.68
16385.86
7.73%11.53%Securities & Long-term Investments
$585.83
275.16
Property, Plant & Equipment (Net)
$3755.60
4283.06
4917.02
5287.64
4891.15
5078.65
5093.15
5334.75
6178.56
6899.11
8114.82
9616.92
11049.77
9.41%14.90%Goodwill & Intangibles
$2615.30
2963.78
2847.76
2930.76
2781.95
2919.56
3110.70
3012.84
2943.25
2897.69
3931.10
7242.32
7076.86
8.65%-2.28%Other Assets
$905.53
968.70
1028.45
955.64
822.92
718.91
812.99
936.74
996.49
724.67
833.79
847.91
824.52
-0.78%-2.76%Assets (Non-current)
$7862.27
8490.69
8793.24
9174.04
8496.02
8717.13
9016.84
9284.32
10118.30
10521.47
12879.72
17707.16
18951.15
7.61%7.03%Assets (Total)
$14570.35
14152.06
15203.28
15615.93
14250.40
15223.52
15841.26
17920.59
18344.67
20125.39
25823.07
32479.21
35340.50
7.66%8.81%Accounts Payable
$1744.23
1749.66
1927.71
1873.96
1333.86
1772.01
2271.93
2748.43
2372.07
2559.07
4434.01
4252.08
4401.20
8.02%3.51%Debt (Current)
$651.83
279.91
32.50
223.81
51.31
617.96
552.83
57.87
91.71
68.79
723.40
77.66
193.31
-9.63%148.91%Liabilities (Current)
$2396.06
2029.57
1960.22
2097.78
1385.17
2389.97
2824.76
2806.30
2463.77
2627.86
5157.41
4329.74
4594.51
5.58%6.12%Debt (Non-current)
$3630.20
3380.20
4376.90
4360.60
4360.60
3739.14
3242.24
4233.28
4291.30
5271.79
4961.41
6613.69
6648.87
5.17%0.53%Other Liabilities
$837.51
856.92
955.89
1082.43
718.61
839.70
689.46
679.04
798.41
993.88
1100.45
1965.87
1973.36
7.40%0.38%Liabilities (Non-current)
$4467.71
4237.12
5332.79
5443.03
5079.21
4578.84
3931.71
4912.32
5089.72
6265.67
6061.86
8579.56
8622.24
5.63%0.50%Liabilities (Total)
$6863.77
6266.69
7293.01
7540.81
6464.39
6968.81
6756.47
7718.62
7553.49
8893.53
11219.28
12909.30
13216.75
5.61%2.38%Treasury Stock
$1505.53
1501.98
1498.11
1494.63
1558.13
1559.61
1643.29
2467.01
2713.93
2709.68
5835.10
8498.24
9987.64
17.08%17.53%Retained Earnings
$7111.57
7124.52
7140.44
7378.21
7255.97
7630.92
8463.71
10337.44
11115.06
11343.85
17674.10
24754.87
28762.04
12.35%16.19%AOCI
$-38.18
56.76
9.08
-145.71
-351.36
-317.84
-254.68
-304.13
-302.97
-118.86
-115.28
-137.52
-162.07
-17.86%Shareholder's Equity
$7706.58
7885.37
7910.28
8075.12
7786.01
8254.71
9084.79
10201.97
10791.18
11231.86
14603.79
19569.91
22123.75
9.19%13.05%Liabilities & Equity
$14570.35
14152.06
15203.28
15615.93
14250.40
15223.52
15841.26
17920.59
18344.67
20125.39
25823.07
32479.21
35340.50
7.66%8.81%Net Income/Loss
$860.98
593.13
585.53
815.79
496.08
900.42
1380.57
2481.08
1370.91
836.03
7122.37
8079.64
4912.79
15.62%-39.20%Depreciation & Amortization
$590.40
607.02
610.21
724.42
700.02
687.05
727.06
719.64
734.65
785.47
864.56
1061.63
1168.32
5.85%10.05%Increase/Decrease in Working Capital
$535.87
86.11
235.21
400.19
-743.03
-20.25
907.01
983.16
-413.27
-204.00
1862.89
-692.68
-858.41
-23.92%Share-based Compensation
$49.00
50.73
47.45
46.38
45.79
56.51
64.18
73.42
90.36
73.85
135.78
136.83
130.16
8.48%-4.88%Adjustments to Reconcile Net Income
$171.63
607.26
483.71
527.11
1645.83
837.12
-329.31
-87.13
1438.50
1860.85
-891.59
1992.41
2199.14
23.68%10.38%Net Cash (Operating)
$1032.61
1200.38
1077.95
1342.90
2157.04
1737.53
1051.26
2393.95
2809.41
2696.88
6230.78
10072.05
7111.93
17.45%-29.39%Capital Expenditure
$515.08
1837.85
1247.91
1497.84
444.23
989.22
1026.28
1105.42
1497.02
1634.78
3029.25
5369.39
2305.21
13.30%-57.07%Net Cash (Investing)
$-661.45
-204.00
-839.97
-1438.06
-441.70
-1025.12
-918.89
-1030.07
-1794.19
-1764.29
-2873.85
-5702.71
-2496.43
56.22%Increase/Decrease in Debt
$-11.45
-622.05
748.43
172.95
-172.12
-33.36
-565.13
500.75
4.57
1135.95
246.81
922.29
-34.87
-103.78%Increase/Decrease in Equity
$8.10
10.52
-7.63
5.61
-66.08
10.58
-79.16
-837.52
-282.40
-33.90
-3130.83
-2752.85
-1542.20
43.98%Dividends Paid
$523.24
541.21
547.83
538.83
551.37
580.67
576.30
541.55
568.41
607.16
634.17
865.88
949.58
5.09%9.67%Net Cash (Financing)
$-495.02
-1146.88
196.04
-359.05
-789.75
-613.97
-1238.23
-908.18
-880.41
285.85
-3602.88
-2510.86
-2592.81
-3.26%Effect of Exchange Rate
$-0.90
2.70
-3.63
-4.90
-10.27
8.04
9.00
-5.92
0.91
1.89
-0.32
-5.92
2.88
148.70%Increase/Decrease in Cash
$-124.76
-147.78
430.39
-459.11
915.33
106.49
-1096.86
449.78
135.72
1220.32
-246.27
1852.56
2025.57
9.34%Cash (Beginning)
$1325.41
1200.64
1052.86
1483.25
1024.14
1939.47
2045.96
949.10
1398.89
1534.61
2754.93
2508.66
4361.22
10.43%73.85%Cash (Ending)
$1200.64
1052.86
1483.25
1024.14
1939.47
2045.96
949.10
1398.89
1534.61
2754.93
2508.66
4361.22
6386.79
14.94%46.45%NOPAT
$860.98
593.13
585.53
815.79
496.08
900.42
1380.57
2481.08
1370.91
835.05
7122.37
8079.64
4912.79
15.62%-39.20%Gross Margin %
9.73%
7.79%
7.40%
9.03%
9.62%
12.50%
12.69%
17.14%
11.86%
11.06%
30.22%
30.12%
22.51%
Operating Margin %
6.25%
4.39%
4.15%
5.71%
4.31%
8.01%
8.64%
12.88%
7.89%
4.15%
25.22%
24.68%
18.07%
NOPAT Margin %
4.30%
3.05%
3.07%
3.87%
3.02%
5.56%
6.82%
9.90%
6.07%
4.15%
19.52%
19.46%
14.15%
Net Margin %
3.89%
2.60%
2.56%
3.38%
2.18%
4.91%
6.51%
9.42%
5.63%
3.58%
18.71%
18.33%
13.03%
Tax Rate %
31.22%
30.46%
25.99%
32.28%
30.05%
30.67%
21.11%
23.17%
23.10%
0.06%
22.59%
21.13%
21.68%
ROA
5.91%
4.19%
3.85%
5.22%
3.48%
5.91%
8.72%
13.84%
7.47%
4.15%
27.58%
24.88%
13.90%
ROE
11.17%
7.52%
7.40%
10.10%
6.37%
10.91%
15.20%
24.32%
12.70%
7.43%
48.77%
41.29%
22.21%
ROIC
9.04%
5.61%
4.99%
6.70%
4.31%
7.53%
11.16%
17.65%
9.60%
5.52%
35.90%
31.31%
19.10%
Asset Turnover
1.37
1.37
1.25
1.35
1.15
1.06
1.28
1.40
1.23
1.00
1.41
1.28
0.98
Inventory Turnover
9.10
7.71
6.77
6.99
6.93
5.72
5.11
4.56
5.18
5.02
4.24
5.32
4.82
Equity Multiplier
1.89
1.79
1.92
1.93
1.83
1.84
1.74
1.76
1.70
1.79
1.77
1.66
1.60
Current Ratio
2.80
2.79
3.27
3.07
4.15
2.72
2.42
3.08
3.34
3.61
2.48
3.39
3.57
Quick Ratio
1.78
1.41
1.69
1.52
2.47
1.60
1.07
1.39
1.62
2.03
1.25
1.95
2.19
Debt/Equity Ratio
0.56
0.46
0.56
0.57
0.57
0.53
0.42
0.42
0.41
0.48
0.39
0.34
0.31
Working Capital/Sales
0.16
0.17
0.21
0.19
0.23
0.24
0.21
0.23
0.23
0.26
0.21
0.22
0.22
Dividend Payout Ratio %
60.77%
91.25%
93.56%
66.05%
111.14%
64.49%
41.74%
21.83%
41.46%
72.71%
8.90%
10.72%
19.33%
Total Payout
$526.59
1152.75
-192.98
360.26
789.57
603.45
1220.58
878.33
846.23
-494.88
3518.19
2696.44
2526.65
13.96%-6.30%Payout Ratio %
61.16%
194.35%
-32.96%
44.16%
159.16%
67.02%
88.41%
35.40%
61.73%
-59.26%
49.40%
33.37%
51.43%