XML 57 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Information (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Condensed Consolidating Financial Statements    
Net sales $ 1,795,696 $ 1,982,040
Costs of goods sold 1,619,432 1,780,776
Gross profit 176,264 201,264
Selling, general and administrative 80,032 81,448
Operating income 96,232 119,816
Interest expense, net of capitalized interest 34,629 41,112
Other (income) expense, net (1,046) 10,248
Income before income taxes 62,649 68,456
Income taxes (benefit) 21,397 26,679
Net income 41,252 41,777
Net loss attributable to noncontrolling interests 6,963 3,898
Net income attributable to Steel Dynamics, Inc. 48,215 45,675
Parent
   
Condensed Consolidating Financial Statements    
Net sales 827,201 913,193
Costs of goods sold 706,387 785,567
Gross profit 120,814 127,626
Selling, general and administrative 28,686 27,566
Operating income 92,128 100,060
Interest expense, net of capitalized interest 22,046 27,217
Other (income) expense, net (820) 10,769
Income before income taxes 70,902 62,074
Income taxes (benefit) 11,394 15,870
Net income 59,508 46,204
Equity in net loss of subsidiaries (11,293) (4,427)
Net income attributable to Steel Dynamics, Inc. 48,215 41,777
Guarantors
   
Condensed Consolidating Financial Statements    
Net sales 2,015,487 2,308,156
Costs of goods sold 1,914,058 2,198,898
Gross profit 101,429 109,258
Selling, general and administrative 53,992 54,555
Operating income 47,437 54,703
Interest expense, net of capitalized interest 12,039 13,606
Other (income) expense, net (200) (1,064)
Income before income taxes 35,598 42,161
Income taxes (benefit) 12,919 16,134
Net income 22,679 26,027
Net income attributable to Steel Dynamics, Inc. 22,679 26,027
Combined Non-Guarantors
   
Condensed Consolidating Financial Statements    
Net sales 66,370 46,835
Costs of goods sold 95,941 63,894
Gross profit (29,571) (17,059)
Selling, general and administrative 2,138 2,459
Operating income (31,709) (19,518)
Interest expense, net of capitalized interest 1,701 1,710
Other (income) expense, net (1,183) (877)
Income before income taxes (32,227) (20,351)
Income taxes (benefit) 699 353
Net income (32,926) (20,704)
Net loss attributable to noncontrolling interests 6,963 3,898
Net income attributable to Steel Dynamics, Inc. (25,963) (16,806)
Consolidating Adjustments
   
Condensed Consolidating Financial Statements    
Net sales (1,113,362) (1,286,144)
Costs of goods sold (1,096,954) (1,267,583)
Gross profit (16,408) (18,561)
Selling, general and administrative (4,784) (3,132)
Operating income (11,624) (15,429)
Interest expense, net of capitalized interest (1,157) (1,421)
Other (income) expense, net 1,157 1,420
Income before income taxes (11,624) (15,428)
Income taxes (benefit) (3,615) (5,678)
Net income (8,009) (9,750)
Equity in net loss of subsidiaries 11,293 4,427
Net income attributable to Steel Dynamics, Inc. $ 3,284 $ (5,323)