XML 70 R60.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Information (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Condensed Consolidating Financial Statements                      
Net sales $ 1,858,345 $ 2,043,455 $ 2,079,731 $ 2,015,969 $ 1,528,134 $ 1,584,164 $ 1,632,799 $ 1,555,790 $ 7,997,500 $ 6,300,887 $ 3,958,806
Costs of goods sold                 7,065,982 5,625,221 3,559,730
Gross profit (loss) 160,135 199,243 276,386 295,754 133,668 139,532 191,984 210,482 931,518 675,666 399,076
Selling, general and administrative                 346,698 310,913 279,545
Operating income (loss) 82,490 108,785 188,219 205,326 46,821 69,000 116,635 132,297 584,820 364,753 119,531
Interest expense, net of capitalized interest                 176,977 170,229 141,360
Other (income) expense, net                 (16,476) (18,935) (3,592)
Income (loss) before income taxes and equity in net income of subsidiaries                 424,319 213,459 (18,237)
Income taxes (benefit)                 158,627 83,860 (7,218)
Net loss 25,779 39,857 95,826 104,230 4,058 15,355 46,797 63,389 265,692 129,599 (11,019)
Net loss attributable to noncontrolling interests                 12,428 11,110 2,835
Net income (loss) attributable to Steel Dynamics, Inc. 30,203 43,304 98,710 105,903 7,792 18,741 49,207 64,969 278,120 140,709 (8,184)
Parent
                     
Condensed Consolidating Financial Statements                      
Net sales                 3,701,928 2,866,541 1,790,451
Costs of goods sold                 3,099,941 2,467,780 1,628,271
Gross profit (loss)                 601,987 398,761 162,180
Selling, general and administrative                 135,509 98,410 68,633
Operating income (loss)                 466,478 300,351 93,547
Interest expense, net of capitalized interest                 104,008 99,639 83,297
Other (income) expense, net                 (12,663) (14,629) 49,255
Income (loss) before income taxes and equity in net income of subsidiaries                 375,133 215,341 (39,005)
Income taxes (benefit)                 111,532 84,718 (15,438)
Net loss                 263,601 130,623 (23,567)
Equity in net income of subsidiaries                 14,519 10,086 15,383
Net income (loss) attributable to Steel Dynamics, Inc.                 278,120 140,709 (8,184)
Guarantors
                     
Condensed Consolidating Financial Statements                      
Net sales                 9,062,305 7,067,399 4,334,533
Costs of goods sold                 8,604,620 6,701,621 4,055,388
Gross profit (loss)                 457,685 365,778 279,145
Selling, general and administrative                 217,717 215,723 208,847
Operating income (loss)                 239,968 150,055 70,298
Interest expense, net of capitalized interest                 71,487 67,659 58,049
Other (income) expense, net                 (8,012) (15,123) (55,700)
Income (loss) before income taxes and equity in net income of subsidiaries                 176,493 97,519 67,949
Income taxes (benefit)                 66,734 36,325 26,894
Net loss                 109,759 61,194 41,055
Net income (loss) attributable to Steel Dynamics, Inc.                 109,759 61,194 41,055
Combined Non-Guarantors
                     
Condensed Consolidating Financial Statements                      
Net sales                 190,739 118,141 54,053
Costs of goods sold                 251,528 164,400 52,996
Gross profit (loss)                 (60,789) (46,259) 1,057
Selling, general and administrative                 9,184 8,724 15,057
Operating income (loss)                 (69,973) (54,983) (14,000)
Interest expense, net of capitalized interest                 8,784 13,168 735
Other (income) expense, net                 (3,209) (296) 9
Income (loss) before income taxes and equity in net income of subsidiaries                 (75,548) (67,855) (14,744)
Income taxes (benefit)                 (151) (26,477) (5,835)
Net loss                 (75,397) (41,378) (8,909)
Net loss attributable to noncontrolling interests                 12,428 11,110 2,835
Net income (loss) attributable to Steel Dynamics, Inc.                 (62,969) (30,268) (6,074)
Consolidating Adjustments
                     
Condensed Consolidating Financial Statements                      
Net sales                 (4,957,472) (3,751,194) (2,220,231)
Costs of goods sold                 (4,890,107) (3,708,580) (2,176,925)
Gross profit (loss)                 (67,365) (42,614) (43,306)
Selling, general and administrative                 (15,712) (11,944) (12,992)
Operating income (loss)                 (51,653) (30,670) (30,314)
Interest expense, net of capitalized interest                 (7,302) (10,237) (721)
Other (income) expense, net                 7,408 11,113 2,844
Income (loss) before income taxes and equity in net income of subsidiaries                 (51,759) (31,546) (32,437)
Income taxes (benefit)                 (19,488) (10,706) (12,839)
Net loss                 (32,271) (20,840) (19,598)
Equity in net income of subsidiaries                 (14,519) (10,086) (15,383)
Net income (loss) attributable to Steel Dynamics, Inc.                 $ (46,790) $ (30,926) $ (34,981)