XML 57 R34.htm IDEA: XBRL DOCUMENT v3.3.1.900
Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Information  
Schedule of operating segment results

 

        The company's segment results for the years ended December 31, are as follows (in thousands):

                                                                                                                                                                                    

For the Year Ended December 31, 2015

 

Steel
Operations

 

Metals
Recycling
Operations

 

Steel
Fabrication
Operations

 

Other

 

Eliminations

 

Consolidated

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

External

 

$

4,935,549

 

$

1,249,061

 

$

671,323

 

$

283,965

 

$

 

$

7,139,898

 

External Non-U.S. 

 

 

267,963

 

 

183,942

 

 

2,051

 

 

557

 

 

 

 

454,513

 

Other segments

 

 

218,963

 

 

904,713

 

 

25

 

 

30,325

 

 

(1,154,026

)

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

5,422,475

 

 

2,337,716

 

 

673,399

 

 

314,847

 

 

(1,154,026

)

 

7,594,411

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

403,216

 

 

(448,137)

(7)

 

115,947

 

 

(148,784)

(1)

 

4,974

(2)

 

(72,784

)

Income (loss) before income taxes

 

 

312,402

 

 

(465,426)

(7)

 

108,795

 

 

(202,862

)

 

4,974

 

 

(242,117

)

Depreciation and amortization

 

 

205,827

 

 

65,640

 

 

9,587

 

 

13,746

 

 

(205

)

 

294,595

 

Capital expenditures

 

 

71,752

 

 

21,874

 

 

3,395

 

 

17,480

 

 

 

 

114,501

 

As of December 31, 2015

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

Assets

 

$

3,827,108

 

$

1,067,672

 

$

341,276

 

$

1,050,506

(3)

$

(84,480)

(4)

$

6,202,082

 

Liabilities

 

 

603,505

 

 

250,719

 

 

88,439

 

 

2,667,189

(5)

 

(79,221)

(6)

 

3,530,631

 


Footnotes related to the year ended December 31, 2015 segment results (in millions):

                                                                                                                                                                                    

(1)

 

Corporate SG&A

 

$

(34.7

)

(2)

 

Gross profit increase from intra-company sales

 

$

5.0

 

​  

​  

​  

​  

 

 

Company-wide equity-based compensation

 

 

(27.4

)

 

 

 

 

 

 

 

 

 

Profit sharing

 

 

(17.7

)

 

 

 

 

 

 

 

 

 

Minnesota ironmaking operations

 

 

(55.7

)

 

 

 

 

 

 

 

 

 

Other, net

 

 

(13.3

)

 

 

 

 

 

 

 

​  

​  

 

 

 

 

$

(148.8

)

 

 

 

 

 

 

 

​  

​  

​  

​  


(3)


 


Cash and equivalents


 


$

641.9


 


(4)


 


Elimination of intra-company receivables


 


$

(74.9


)

 

 

Accounts receivable

 

 

18.8

 

 

 

Elimination of intra-company debt

 

 

(6.2

)

 

 

Inventories

 

 

35.1

 

 

 

Other

 

 

(3.4

)

​  

​  

 

 

Property, plant and equipment, net

 

 

306.0

 

 

 

 

 

$

(84.5

)

​  

​  

​  

​  

 

 

Intra-company debt

 

 

6.2

 

 

 

 

 

 

 

 

 

 

Other

 

 

42.5

 

 

 

 

 

 

 

 

​  

​  

 

 

 

 

$

1,050.5

 

 

 

 

 

 

 

 

​  

​  

​  

​  


(5)


 


Accounts payable


 


$

102.3


 


(6)


 


Elimination of intra-company payables


 


$

(74.9


)

 

 

Income taxes payable

 

 

2.2

 

 

 

Elimination of intra-company debt

 

 

(6.2

)

 

 

Accrued interest

 

 

38.3

 

 

 

Other

 

 

1.9

 

​  

​  

 

 

Accrued profit sharing

 

 

17.7

 

 

 

 

 

$

(79.2

)

​  

​  

​  

​  

 

 

Debt

 

 

2,588.7

 

 

 

 

 

 

 

 

 

 

Deferred income taxes

 

 

(109.0

)

 

 

 

 

 

 

 

 

 

Other

 

 

27.0

 

 

 

 

 

 

 

 

​  

​  

 

 

 

 

$

2,667.2

 

 

 

 

 

 

 

 

​  

​  

​  

​  


(7)


 


Includes $428.5 million of pretax non-cash asset impairment charges.


 


 


 


 


 


 


 


 


 


 


 

                                                                                                                                                                                    

For the Year Ended December 31, 2014

 

Steel
Operations

 

Metals
Recycling
Operations

 

Steel
Fabrication
Operations

 

Other

 

Eliminations

 

Consolidated

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

External

 

$

5,300,762

 

$

1,985,927

 

$

631,750

 

$

354,519

 

$

 

$

8,272,958

 

External Non-U.S. 

 

 

240,981

 

 

240,900

 

 

 

 

1,113

 

 

 

 

482,994

 

Other segments

 

 

279,835

 

 

1,312,379

 

 

58

 

 

112,873

 

 

(1,705,145

)

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

5,821,578

 

 

3,539,206

 

 

631,808

 

 

468,505

 

 

(1,705,145

)

 

8,755,952

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

683,609

 

 

26,014

 

 

51,894

 

 

(445,549)

(1)

 

4,352

(2)

 

320,320

 

Income (loss) before income taxes

 

 

614,653

 

 

5,670

 

 

45,376

 

 

(505,248)

(7)

 

4,352

 

 

164,803

 

Depreciation and amortization

 

 

149,064

 

 

75,242

 

 

9,712

 

 

29,512

 

 

(205

)

 

263,325

 

Capital expenditures

 

 

62,807

 

 

22,223

 

 

3,027

 

 

23,728

 

 

 

 

111,785

 

As of December 31, 2014

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

Assets

 

$

4,511,436

 

$

1,767,820

 

$

301,156

 

$

793,389

(3)

$

(140,642)

(4)

$

7,233,159

 

Liabilities

 

 

776,804

 

 

352,271

 

 

42,074

 

 

3,270,878

(5)

 

(130,735)

(6)

 

4,311,292

 


Footnotes related to the year ended December 31, 2014 segment results (in millions):

                                                                                                                                                                                    

(1)

 

Corporate SG&A

 

$

(42.0

)

(2)

 

Gross profit increase from intra-company sales

 

$

4.4

 

​  

​  

​  

​  

 

 

Company-wide equity-based compensation

 

 

(22.8

)

 

 

 

 

 

 

 

 

 

Profit sharing

 

 

(36.8

)

 

 

 

 

 

 

 

 

 

Minnesota ironmaking operations

 

 

(69.8

)

 

 

 

 

 

 

 

 

 

Minnesota ironmaking operations non-cash asset impairment charges

 

 

(260.0

)

 

 

 

 

 

 

 

 

 

Other, net

 

 

(14.1

)

 

 

 

 

 

 

 

​  

​  

 

 

 

 

$

(445.5

)

 

 

 

 

 

 

 

​  

​  

​  

​  

(3)

 

Cash and equivalents

 


$

272.3

 

(4)

 

Elimination of intra-company receivables

 


$

(125.1


)

 

 

Accounts receivable

 

 

36.8

 

 

 

Elimination of intra-company debt

 

 

(7.1

)

 

 

Inventories

 

 

95.2

 

 

 

Other

 

 

(8.4

)

​  

​  

 

 

Property, plant and equipment, net

 

 

313.6

 

 

 

 

 

$

(140.6

)

​  

​  

​  

​  

 

 

Intra-company debt

 

 

7.1

 

 

 

 

 

 

 

 

 

 

Other

 

 

68.4

 

 

 

 

 

 

 

 

​  

​  

 

 

 

 

$

793.4

 

 

 

 

 

 

 

 

​  

​  

​  

​  

(5)

 

Accounts payable

 


$

126.9

 

(6)

 

Elimination of intra-company payables

 


$

(125.2


)

 

 

Income taxes payable

 

 

6.1

 

 

 

Elimination of intra-company debt

 

 

(7.1

)

 

 

Accrued interest

 

 

50.2

 

 

 

Other

 

 

1.6

 

​  

​  

 

 

Accrued profit sharing

 

 

36.8

 

 

 

 

 

$

(130.7

)

​  

​  

​  

​  

 

 

Debt

 

 

2,975.0

 

 

 

 

 

 

 

 

 

 

Deferred income taxes

 

 

36.9

 

 

 

 

 

 

 

 

 

 

Other

 

 

39.0

 

 

 

 

 

 

 

 

​  

​  

 

 

 

 

$

3,270.9

 

 

 

 

 

 

 

 

​  

​  

​  

​  

(7)

 

Includes $25.2 million of acquisition and bridge financing costs associated with the acquisition of Columbus.

 

 

 

 

 

 

 

 

 

 

 

                                                                                                                                                                                    

For the Year Ended December 31, 2013

 

Steel
Operations

 

Metals
Recycling
Operations

 

Steel
Fabrication
Operations

 

Other

 

Eliminations

 

Consolidated

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

External

 

$

4,256,077

 

$

2,066,572

 

$

438,254

 

$

194,823

 

$

 

$

6,955,726

 

External Non-U.S. 

 

 

205,380

 

 

210,978

 

 

 

 

840

 

 

 

 

417,198

 

Other segments

 

 

223,390

 

 

997,316

 

 

1,401

 

 

103,416

 

 

(1,325,523

)

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

4,684,847

 

 

3,274,866

 

 

439,655

 

 

299,079

 

 

(1,325,523

)

 

7,372,924

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

516,125

 

 

41,949

 

 

7,003

 

 

(177,939)

(1)

 

(613)

(2)

 

386,525

 

Income (loss) before income taxes

 

 

461,151

 

 

15,831

 

 

827

 

 

(214,366

)

 

(613

)

 

262,830

 

Depreciation and amortization

 

 

116,533

 

 

80,483

 

 

8,736

 

 

25,381

 

 

(205

)

 

230,928

 

Capital expenditures

 

 

126,772

 

 

32,354

 

 

2,166

 

 

25,551

 

 

 

 

186,843

 

As of December 31, 2013

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

Assets

 

$

2,760,752

 

$

1,840,490

 

$

270,160

 

$

1,106,856

(3)

$

(89,724)

(4)

$

5,888,534

 

Liabilities

 

 

572,573

 

 

364,231

 

 

22,648

 

 

2,394,072

(5)

 

(77,359)

(6)

 

3,276,165

 


Footnotes related to the year ended December 31, 2013 segment results (in millions):

                                                                                                                                                                                    

(1)

 

Corporate SG&A

 

$

(36.0

)

(2)

 

Gross profit increase from intra-company sales

 

$

(0.6

)

​  

​  

​  

​  

 

 

Company-wide equity-based compensation

 

 

(15.2

)

 

 

 

 

 

 

 

 

 

Profit sharing

 

 

(23.4

)

 

 

 

 

 

 

 

 

 

Minnesota ironmaking operations

 

 

(93.3

)

 

 

 

 

 

 

 

 

 

Other, net

 

 

(10.0

)

 

 

 

 

 

 

 

​  

​  

 

 

 

 

$

(177.9

)

 

 

 

 

 

 

 

​  

​  

​  

​  


(3)


 


Cash and equivalents


 


$

328.3


 


(4)


 


Elimination of intra-company receivables


 


$

(69.0


)

 

 

Accounts receivable

 

 

24.7

 

 

 

Elimination of intra-company debt

 

 

(8.0

)

 

 

Inventories

 

 

91.2

 

 

 

Other

 

 

(12.7

)

​  

​  

 

 

Property, plant and equipment, net

 

 

579.9

 

 

 

 

 

$

(89.7

)

​  

​  

​  

​  

 

 

Intra-company debt

 

 

8.0

 

 

 

 

 

 

 

 

 

 

Other

 

 

74.8

 

 

 

 

 

 

 

 

​  

​  

 

 

 

 

$

1,106.9

 

 

 

 

 

 

 

 

​  

​  

​  

​  


(5)


 


Accounts payable


 


$

82.8


 


(6)


 


Elimination of intra-company payables


 


$

(69.0


)

 

 

Income taxes payable

 

 

4.0

 

 

 

Elimination of intra-company debt

 

 

(8.0

)

 

 

Accrued interest

 

 

31.2

 

 

 

Other

 

 

(0.4

)

​  

​  

 

 

Accrued profit sharing

 

 

23.4

 

 

 

 

 

$

(77.4

)

​  

​  

​  

​  

 

 

Debt

 

 

2,074.8

 

 

 

 

 

 

 

 

 

 

Deferred income taxes

 

 

139.1

 

 

 

 

 

 

 

 

 

 

Other

 

 

38.8

 

 

 

 

 

 

 

 

​  

​  

 

 

 

 

$

2,394.1

 

 

 

 

 

 

 

 

​  

​  

​  

​