The company’s segment results for the three and nine-month periods ended September 30, 2013 and 2012 are as follows (in thousands):

For the three months ended			Metals Recycling /			Steel Fabrication
September 30, 2013	Steel Operations		Ferrous Resources			Operations		Other			Eliminations			Consolidated

Net Sales
External	$	1,102,048	$	557,765		$	119,134	$	24,593		$	—		$	1,803,540
External Non-U.S.	60,381		47,616			—		201			—			108,198
Other segments	54,537		313,113			134		7,918			(375,702		)	—
	1,216,966		918,494			119,268		32,712			(375,702		)	1,911,738
Operating income (loss)	146,564		(17,135		)	3,265		(17,274		)(1)	(2,147		)(2)	113,273
Income (loss) before income taxes	133,041		(24,567		)	1,751		(23,922		)	(2,148		)	84,155
Depreciation and amortization	26,815		27,713			2,219		1,506			(51		)	58,202
Capital expenditures	33,985		17,385			297		495			—			52,162

As of September 30, 2013
Assets	2,581,798		2,530,979			272,786		699,244		(3)	(210,502		)(4)	5,874,305
Liabilities	533,966		593,674			22,908		2,366,273		(5)	(200,304		)(6)	3,316,517

Footnotes related to the three months ended September 30, 2013 segment results (in millions):

(1) Corporate SG&A	$	(9.2	)
Company-wide equity-based compensation	(2.1		)
Profit sharing	(7.4		)
Other, net	1.4
Total	$	(17.3	)

(2) Gross profit reduction from intra-company sales

(2.1

)

(3) Cash and equivalents	$	325.8
Deferred income taxes	25.2
Property, plant and equipment, net	72.9
Debt issuance costs, net	27.7
Intra-company debt	153.6
Other	94.0
Total	$	699.2

(4) Elimination of intra-company receivables	$	(46.9	)
Elimination of intra-company debt	(153.6		)
Other	(10.0		)
Total	$	(210.5	)

(6) Elimination of intra-company payables	$	(47.3	)
Elimination of intra-company debt	(153.6		)
Other	0.6
Total	$	(200.3	)

For the three months ended			Metals Recycling /			Steel Fabrication
September 30, 2012	Steel Operations		Ferrous Resources			Operations		Other			Eliminations			Consolidated

Net Sales
External	$	985,524	$	475,547		$	102,401	$	17,156		$	—		$	1,580,628
External Non-U.S.	65,825		46,684			—		253			—			112,762
Other segments	48,157		268,137			41		4,864			(321,199		)	—
	1,099,506		790,368			102,442		22,273			(321,199		)	1,693,390
Operating income (loss)	106,927		(15,697		)	3,141		(17,759		)(1)	(3,891		)(2)	72,721
Income (loss) before income taxes	88,394		(24,829		)	1,225		(53,678		)	(3,891		)	7,221
Depreciation and amortization	25,937		26,449			2,100		4,518			(51		)	58,953
Capital expenditures	14,625		42,370			1,005		342			—			58,342

As of September 30, 2012
Assets	2,523,616		2,586,568			249,988		597,297		(3)	(181,953		)(4)	5,775,516
Liabilities	482,348		507,367			18,143		2,505,036		(5)	(170,206		)(6)	3,342,688

Footnotes related to the three months ended September 30, 2012 segment results (in millions):

(2) Gross profit reduction from intra-company sales

(3.9

)

(3) Cash and equivalents	$	246.8
Income taxes receivable	0.9
Deferred income taxes	28.2
Property, plant and equipment, net	75.7
Debt issuance costs, net	29.4
Intra-company debt	129.1
Other	87.2
Total	$	597.3

(4) Elimination of intra-company receivables	$	(35.8	)
Elimination of intra-company debt	(129.1		)
Other	(17.1		)
Total	$	(182.0	)

(6) Elimination of intra-company payables	$	(39.0	)
Elimination of intra-company debt	(129.1		)
Other	(2.1		)
Total	$	(170.2	)

For the nine months ended			Metals Recycling /			Steel Fabrication
September 30, 2013	Steel Operations		Ferrous Resources			Operations		Other			Eliminations			Consolidated

Net Sales
External	$	3,152,111	$	1,653,975		$	316,526	$	64,792		$	—		$	5,187,404
External Non-U.S.	162,646		158,026			—		698			—			321,370
Other segments	168,482		865,143			1,276		20,198			(1,055,099		)	—
	3,483,239		2,677,144			317,802		85,688			(1,055,099		)	5,508,774
Operating income (loss)	351,410		(34,210		)	7,125		(48,147		)(1)	2,525		(2)	278,703
Income (loss) before income taxes	309,780		(56,860		)	2,475		(72,136		)	2,524			185,783
Depreciation and amortization	79,698		81,553			6,455		4,536			(153		)	172,089
Capital expenditures	93,244		49,999			2,000		1,501			—			146,744

Footnotes related to the nine months ended September 30, 2013 segment results (in millions):

(1) Corporate SG&A	$	(26.3	)
Company-wide equity-based compensation	(7.3		)
Profit sharing	(16.5		)
Other, net	2.0
Total	$	(48.1	)

(2) Gross profit increase from intra-company sales

2.5

For the nine months ended			Metals Recycling /			Steel Fabrication
September 30, 2012	Steel Operations		Ferrous Resources			Operations			Other			Eliminations			Consolidated

Net Sales
External	$	3,279,344	$	1,643,522		$	273,060		$	54,071		$	—		$	5,249,997
External Non-U.S.	166,025		168,818			—			393			—			335,236
Other segments	148,839		1,009,604			45			12,290			(1,170,778		)	—
	3,594,208		2,821,944			273,105			66,754			(1,170,778		)	5,585,233
Operating income (loss)	380,832		(30,905		)	666			(49,294		)(1)	(5,063		)(2)	296,236
Income (loss) before income taxes	325,521		(57,932		)	(4,408		)	(117,956		)	(5,063		)	140,162
Depreciation and amortization	78,405		78,114			6,007			7,654			(153		)	170,027
Capital expenditures	26,848		127,133			3,502			1,203			—			158,686

Footnotes related to the nine months ended September 30, 2012 segment results (in millions):

(1) Corporate SG&A	$	(22.4	)
Company-wide stock option expense	(5.7		)
Profit sharing	(15.3		)
Impairment charges	(7.9		)
Other, net	2.0
Total	$	(49.3	)

(2) Gross profit reduction from intra-company sales

(5.1

)