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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and equivalents $ 277,691 $ 186,513
Accounts receivable, net 797,577 584,068
Accounts receivable-related parties 51,824 38,121
Inventories 1,195,194 1,114,063
Deferred income taxes 21,114 20,684
Income taxes receivable 15,295 37,311
Other current assets 15,164 19,243
Total current assets 2,373,859 2,000,003
Property, plant and equipment, net 2,176,314 2,213,333
Restricted cash 21,717 23,132
Intangible assets, net 469,719 489,240
Goodwill 748,383 751,675
Other assets 110,461 112,551
Total assets 5,900,453 5,589,934
Current liabilities    
Accounts payable 443,693 335,031
Accounts payable-related parties 12,166 13,570
Income taxes payable 11,531 5,227
Accrued expenses 173,440 175,041
Accrued profit sharing 28,464 23,524
Current maturities of long-term debt 1,552 8,924
Total current liabilities 670,846 561,317
Long-term debt    
Other long-term debt 40,293 40,397
Total long-term debt 2,377,793 2,377,897
Deferred income taxes 476,532 457,432
Other liabilities 63,794 62,159
Commitments and contingencies    
Redeemable noncontrolling interest 54,294 54,294
Equity    
Common stock voting, $.0025 par value; 900,000,000 shares authorized; 254,987,769 and 254,002,799 shares issued; and 218,648,678 and 217,574,826 shares outstanding, as of June 30, 2011 and December 31, 2010, respectively 636 633
Treasury stock, at cost; 36,339,091 and 36,427,973 shares, as of June 30, 2011 and December 31, 2010, respectively (725,849) (727,624)
Additional paid-in capital 1,019,061 998,728
Retained earnings 1,982,051 1,821,133
Total Steel Dynamics, Inc. equity 2,275,899 2,092,870
Noncontrolling interests (18,705) (16,035)
Total equity 2,257,194 2,076,835
Total liabilities and equity 5,900,453 5,589,934
7 3/8% senior notes, due 2012
   
Long-term debt    
Senior notes 700,000 700,000
5.125% convertible senior notes, due 2014
   
Long-term debt    
Convertible senior notes 287,500 287,500
6 3/4% senior notes, due 2015
   
Long-term debt    
Senior notes 500,000 500,000
7 3/4% senior notes, due 2016
   
Long-term debt    
Senior notes 500,000 500,000
7 5/8% senior notes, due 2020
   
Long-term debt    
Senior notes $ 350,000 $ 350,000